Morningstar

Schwab California Tax-Free Bond Fund™ SWCAX

Morningstar Medalist Rating
Medalist Rating as of | See Charles Schwab Investment Hub
  • NAV / 1-Day Return 10.98  /  −0.27 %
  • Total Assets 603.0M
  • Adj. Expense Ratio
    0.380%
  • Expense Ratio 0.380%
  • Distribution Fee Level Low
  • Share Class Type No Load
  • Category Muni California Intermediate
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 3.19%
  • Effective Duration 5.43 years

USD | NAV as of Jul 22, 2026 | 1-Day Return as of Jul 22, 2026, 9:57 PM GMT+0

Morningstar’s Analysis SWCAX

Will SWCAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SWCAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the SWCAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of SWCAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Schwab CA Tax-Free Bond holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings SWCAX

More SWCAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 8.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.5%

1.03 6M
municipal

UNIVERSITY CALIF REVS 5%

0.96 6M
municipal

CALIFORNIA ST 5%

0.95 6M
municipal

BEVERLY HILLS CALIF UNI SCH DIST 0.01%

0.92 6M
municipal

SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5%

0.92 6M
municipal

UNIVERSITY CALIF REVS 5%

0.90 5M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4%

0.83 5M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.5%

0.80 5M
municipal

BAY AREA TOLL AUTH CALIF TOLL BRDG REV 5%

0.75 5M
municipal

NORTHERN CALIF TRANSMISSION AGY REV 5%

0.72 4M
municipal

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