KCTAX

About KCTAX

DWS California Tax-Free Income Fund Class A is a municipal bond mutual fund designed to provide investors with a high level of income that is exempt from both California state and federal income taxes. The fund primarily invests at least 80% of its assets in municipal securities issued within California, focusing on revenue and general obligation bonds related to public services, infrastructure, and clean energy projects. It targets an intermediate-to-long duration, typically in the range of five to nine years, with an effective duration close to seven years. This fund appeals most to individual California residents seeking tax-efficient income, as its structure is optimized for those facing substantial state and federal tax liabilities. Managed actively by an experienced team, DWS California Tax-Free Income Fund Class A maintains diversified holdings to balance tax-exempt yield with credit and interest rate risk. With a monthly income distribution schedule and a notable presence in the California muni bond market, the fund plays a key role for investors focused on preserving after-tax income while supporting essential sectors within the state.