KCTCX

About KCTCX

DWS California Tax-Free Income Fund Class C is a municipal bond mutual fund designed to provide investors with a high level of current income exempt from both regular federal and California state income taxes. The fund focuses its portfolio on municipal debt issued by entities within California, adhering to a policy of investing at least 80% of its net assets in securities whose interest income is free from these taxes. Up to 20% of assets may be allocated to bonds subject to the federal alternative minimum tax. The fund typically targets intermediate to long maturities, balancing income potential with interest rate risk, and maintains a diversified portfolio primarily comprising revenue bonds and general obligation bonds. With monthly dividend distributions and a relatively higher expense ratio compared to similar funds, this fund is particularly aimed at California residents seeking tax-advantaged income. Managed by an experienced team, it occupies a specialized role in the market by addressing the needs of investors looking to reduce both federal and state tax liabilities through municipal bond exposure tied to California infrastructure, public projects, and services.