DCLIX

About DCLIX

DWS California Tax-Free Income Fund Institutional Class is a municipal bond mutual fund designed to provide a high level of current income that is exempt from both California state and federal income taxes. It primarily invests at least 80% of its net assets in municipal securities whose income is free from regular federal and California state income tax, making it particularly relevant for institutional investors seeking tax-advantaged income in California. The fund may allocate up to 20% of its net assets to securities whose income is subject to the federal alternative minimum tax. Its portfolio typically features a blend of revenue bonds and general obligation bonds issued by California municipalities, with a target duration in the range of 5 to 9 years. This institutional share class requires a minimum investment of $1,000,000 and has an expense ratio of 0.54% as of the latest reporting. DWS California Tax-Free Income Fund Institutional Class plays a significant role in the tax-exempt fixed income market, serving the needs of institutions and affluent investors looking to manage tax liability while drawing reliable monthly income from a diversified pool of municipal bonds.