Schwab California Tax-Free Bond Fund™ (SWCAX)
The investment seeks high current income exempt from federal and California personal income tax that is consistent with capital preservation. To pursue its goal, the fund primarily invests in investment-grade municipal securities - those in the four highest credit rating categories (rated AAA to BBB- or the unrated equivalent as determined by the investment adviser) from California issuers. The fund normally invests at least 80% of its net assets (including, for this purpose, any borrowings for investment purposes) in municipal securities the interest from which is exempt from federal and California personal income tax and federal alternative minimum tax.
Fund Info
US8085173040
808517304
Feb 23, 1992
$0
Expense Ratio
SWCAX has an expense ratio of 0.48%, placing it in the medium range.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
Loading data...
Returns By Period
Schwab California Tax-Free Bond Fund™ (SWCAX) returned -1.48% year-to-date (YTD) and 0.51% over the past 12 months. Over the past 10 years, SWCAX returned 1.35% annually, underperforming the S&P 500 benchmark at 10.69%.
SWCAX
-1.48%
1.41%
-1.24%
0.51%
0.35%
1.35%
^GSPC (Benchmark)
-0.64%
8.97%
-2.62%
11.90%
15.76%
10.69%
Monthly Returns
The table below presents the monthly returns of SWCAX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.09% | 0.91% | -1.46% | -0.82% | -0.18% | -1.48% | |||||||
| 2024 | -0.12% | 0.07% | 0.07% | -0.64% | -0.18% | 1.16% | 0.71% | 0.73% | 0.88% | -1.16% | 1.35% | -0.90% | 1.95% |
| 2023 | 2.19% | -1.84% | 1.69% | -0.15% | -0.69% | 0.70% | 0.31% | -0.68% | -1.77% | -0.61% | 4.23% | 1.89% | 5.22% |
| 2022 | -2.52% | -0.53% | -2.60% | -2.48% | 1.06% | -1.17% | 2.18% | -1.87% | -2.97% | -0.38% | 3.42% | 0.22% | -7.59% |
| 2021 | 0.37% | -1.32% | 0.46% | 0.63% | 0.21% | 0.21% | 0.79% | -0.37% | -0.68% | -0.20% | 0.63% | -0.44% | 0.28% |
| 2020 | 1.50% | 0.98% | -3.24% | -1.18% | 3.14% | 0.41% | 1.63% | -0.34% | -0.02% | -0.26% | 1.13% | -0.33% | 3.32% |
| 2019 | 0.62% | 0.47% | 1.05% | 0.29% | 1.20% | 0.37% | 0.86% | 1.25% | -0.80% | 0.17% | 0.09% | 0.00% | 5.70% |
| 2018 | -0.90% | -0.30% | 0.21% | -0.39% | 1.07% | 0.21% | 0.20% | 0.21% | -0.56% | -0.47% | 0.93% | 0.98% | 1.17% |
| 2017 | 0.53% | 0.64% | 0.13% | 0.79% | 1.31% | -0.29% | 0.61% | 0.88% | -0.30% | 0.03% | -0.65% | 0.80% | 4.54% |
| 2016 | 1.16% | 0.19% | 0.18% | 0.61% | 0.01% | 1.25% | 0.02% | 0.26% | -0.37% | -0.97% | -3.94% | 0.37% | -1.32% |
| 2015 | 1.76% | -1.04% | 0.17% | -0.48% | -0.32% | 0.02% | 0.70% | 0.18% | 0.78% | 0.27% | 0.27% | -0.04% | 2.27% |
| 2014 | 1.66% | 0.89% | -0.30% | 1.05% | 1.21% | -0.12% | 0.28% | 1.10% | 0.11% | 0.69% | 0.10% | -1.45% | 5.31% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SWCAX is 22, meaning it’s performing worse than 78% 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 Schwab California Tax-Free Bond Fund™ (SWCAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Loading data...
Dividends
Dividend History
Schwab California Tax-Free Bond Fund™ provided a 2.95% dividend yield over the last twelve months, with an annual payout of $0.32 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.32 | $0.34 | $0.30 | $0.23 | $0.19 | $0.23 | $0.27 | $0.29 | $0.28 | $0.27 | $0.27 | $0.29 |
Dividend yield | 2.95% | 3.11% | 2.68% | 2.12% | 1.60% | 1.85% | 2.24% | 2.51% | 2.38% | 2.32% | 2.24% | 2.39% |
Monthly Dividends
The table displays the monthly dividend distributions for Schwab California Tax-Free Bond Fund™. 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 | $0.03 | $0.03 | $0.03 | $0.00 | $0.00 | $0.09 | |||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2023 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.30 |
| 2022 | $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 |
| 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 | $0.19 |
| 2020 | $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 |
| 2019 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2018 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.29 |
| 2017 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.27 |
| 2014 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $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.
Loading data...
Worst Drawdowns
The table below displays the maximum drawdowns of the Schwab California Tax-Free Bond Fund™. 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 Schwab California Tax-Free Bond Fund™ was 13.51%, occurring on Nov 21, 1994. Recovery took 126 trading sessions.
The current Schwab California Tax-Free Bond Fund™ drawdown is 3.37%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.51% | Feb 1, 1994 | 210 | Nov 21, 1994 | 126 | May 16, 1995 | 336 |
| -12.11% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -10.48% | Mar 10, 2020 | 9 | Mar 20, 2020 | 92 | Jul 31, 2020 | 101 |
| -8.53% | Apr 13, 1999 | 202 | Jan 20, 2000 | 129 | Jul 26, 2000 | 331 |
| -8.16% | Sep 12, 2008 | 25 | Oct 16, 2008 | 126 | Apr 20, 2009 | 151 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading data...