DWS California Tax (KCTAX)
The investment seeks a high level of current income that is exempt from California state and federal income taxes. The fund invests at least 80% of net assets, plus the amount of any borrowings for investment purposes, in securities whose income is free from regular federal and California state income tax. Normally, at least 80% of the fund's municipal securities are rated in the four highest credit rating categories.
Fund Info
US25158X1046
25158X104
Feb 16, 1983
$1,000
Expense Ratio
KCTAX features an expense ratio of 0.76%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in DWS California Tax, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
DWS California Tax had a return of -1.36% year-to-date (YTD) and 0.70% in the last 12 months. Over the past 10 years, DWS California Tax had an annualized return of 1.27%, while the S&P 500 had an annualized return of 11.24%, indicating that DWS California Tax did not perform as well as the benchmark.
KCTAX
-1.36%
-2.25%
-0.85%
0.70%
-0.11%
1.27%
^GSPC (Benchmark)
-0.66%
-3.44%
3.10%
22.14%
12.04%
11.24%
Monthly Returns
The table below presents the monthly returns of KCTAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.19% | 0.26% | 0.26% | -1.40% | 0.26% | 1.79% | 0.86% | 0.70% | 1.15% | -1.52% | 1.61% | -1.78% | 1.93% |
| 2023 | 3.18% | -2.44% | 1.48% | 0.24% | -0.42% | 0.88% | 0.40% | -1.43% | -3.15% | -1.81% | 6.84% | 3.29% | 6.82% |
| 2022 | -3.13% | -0.61% | -3.40% | -3.67% | 1.36% | -2.29% | 3.13% | -2.30% | -4.47% | -1.34% | 5.72% | 0.34% | -10.61% |
| 2021 | 0.86% | -1.62% | 0.60% | 1.00% | 0.59% | 0.46% | 0.85% | -0.45% | -0.98% | -0.07% | 1.00% | -0.99% | 1.20% |
| 2020 | 2.04% | 1.53% | -5.40% | -1.80% | 3.23% | 1.03% | 1.69% | -0.58% | -0.05% | -0.05% | 1.88% | 0.02% | 3.30% |
| 2019 | 0.68% | 0.53% | 1.46% | 0.39% | 1.57% | 0.37% | 0.77% | 1.68% | -0.80% | 0.10% | 0.20% | -0.53% | 6.59% |
| 2018 | -1.22% | -0.43% | 0.23% | -0.30% | 1.18% | 0.12% | 0.11% | 0.12% | -0.72% | -0.83% | 0.83% | 1.14% | 0.22% |
| 2017 | 0.53% | 0.54% | 0.16% | 0.66% | 1.59% | -0.24% | 0.77% | 0.78% | -0.55% | 0.24% | -0.42% | 1.05% | 5.20% |
| 2016 | 0.93% | 0.17% | 0.41% | 0.80% | 0.27% | 1.58% | -0.24% | 0.28% | -0.60% | -1.17% | -4.18% | 1.24% | -0.62% |
| 2015 | 1.85% | -1.22% | 0.17% | -0.71% | -0.39% | -0.35% | 0.86% | 0.29% | 0.56% | 0.31% | 0.55% | 0.69% | 2.60% |
| 2014 | 2.43% | 1.55% | 0.20% | 1.52% | 1.77% | 0.05% | 0.18% | 1.49% | 0.44% | 0.84% | 0.03% | 0.57% | 11.61% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of KCTAX is 20, meaning it’s performing worse than 80% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for DWS California Tax (KCTAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
DWS California Tax provided a 2.86% dividend yield over the last twelve months, with an annual payout of $0.19 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.19 | $0.19 | $0.23 | $0.23 | $0.18 | $0.27 | $0.22 | $0.22 | $0.23 | $0.26 | $0.28 | $0.29 |
Dividend yield | 2.86% | 2.82% | 3.45% | 3.61% | 2.41% | 3.49% | 2.89% | 3.04% | 3.04% | 3.48% | 3.59% | 3.73% |
Monthly Dividends
The table displays the monthly dividend distributions for DWS California Tax. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | |||||||||||
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.19 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.23 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.23 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.18 |
| 2020 | $0.04 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.27 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.29 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the DWS California Tax. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the DWS California Tax was 53.08%, occurring on Oct 21, 1987. Recovery took 2669 trading sessions.
The current DWS California Tax drawdown is 5.49%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -53.08% | Jan 2, 1987 | 209 | Oct 21, 1987 | 2669 | Jan 13, 1998 | 2878 |
| -50.44% | Sep 2, 1986 | 11 | Sep 16, 1986 | 52 | Nov 27, 1986 | 63 |
| -50.35% | Jul 7, 1986 | 16 | Jul 28, 1986 | 25 | Sep 1, 1986 | 41 |
| -50.22% | Nov 28, 1986 | 12 | Dec 15, 1986 | 8 | Dec 25, 1986 | 20 |
| -50.15% | May 27, 1986 | 13 | Jun 12, 1986 | 16 | Jul 4, 1986 | 29 |
Volatility
Volatility Chart
The current DWS California Tax volatility is 1.31%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.