# Portfolio overlap — DCLIX vs TACAX Comparing **DWS California Tax-Free Income Fund** (2026-02-28) and **California Municipal Bond Fund** (2026-02-28). - Shared positions: 20 - DWS California Tax-Free Income Fund covered by California Municipal Bond Fund: 0.04915419439756959232574983764 - California Municipal Bond Fund covered by DWS California Tax-Free Income Fund: 0.04915419439756959232574983765 ## DWS California Tax-Free Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | M-S-R Energy Authority, California, Gas Revenue Bonds, Citigroup Prepay Contracts, Series 2009A | 0.025494 | | | FHLMC Multifamily VRD Certificates | 0.022243 | | | California Community Choice Financing Authority, Series B-1 | 0.017601 | | | CALIFORNIA ST ENTERPRISE DEV AUTH REVENUE | 0.017323 | | | Manteca Unified School District (Election of 2020), Series 2025, GO Bonds | 0.016534 | | | Los Angeles County Public Works Financing Authority, Series 2025, RB | 0.016378 | ✓ | | SAN FRANCISCO W 5.25% 11/1/2055 | 0.016370 | | | San Diego Public Facilities Financing Authority, Series 2025, RB | 0.016282 | | | STATE OF CALIFORNIA 5.0% 11-01-50 | 0.016177 | | | IRVINE CMNTY FACS DT | 0.016136 | | | SAN JOSE FINANCING AUTHORITY SJSUTL 11/52 FIXED 5 | 0.015942 | | | COLTON JOINT USD-A | 0.015910 | | | UNIV OF CALIFORNIA REVENUES | 0.013838 | | | STATE OF CALIFORNIA | 0.013415 | | | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Second Series 2023 C, Ref. RB | 0.013101 | | | RB (Sharp Healthcare) Series 2024E | 0.013086 | | | RIVERSIDE CNTY CA TRANSPRTN COMMISSION TOLL REVENUE | 0.013079 | | | San Francisco City & County Redevelopment Agency Successor Agency, Series 2017 B | 0.012236 | | | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Second Series 2018 D, RB | 0.011260 | | | PAJARO VLY CA UNIF SCH DIST | 0.011255 | | | MORENO VLY UNIF SD-D | 0.011151 | | | CA STWD 4% 4/1/2046 | 0.010466 | | | STHRN CA PUB PWR AUTH | 0.010387 | | | CA ST MFA MHSG 4% 11/1/2036 | 0.010383 | | | CSCDA Community Improvement Authority, Series 2020 A | 0.010176 | | | CA MUNI FIN AUTH | 0.009748 | | | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2025D | 0.009718 | | | HAYWARD USD-A | 0.009712 | | | CALIFORNIA ST MUNI FIN AUTH REVENUE | 0.009467 | ✓ | | CEDARS-SINAI MEDICAL CENTER OBLIGATED GROUP 3.0% 08-15-51 | 0.009317 | | | EL MONTE CA CITY SCH DIST | 0.009164 | | | IRVINE UNIFIED SCHOOL DISTRICT | 0.009143 | | | CALIFORNIA ST MUNI FIN AUTH SPL TAX REVENUE | 0.009104 | | | GOLDEN ST TOBACCO SECURITIZATI REGD B/E 5.00000000 | 0.008989 | ✓ | | PUERTO RICO SALES TAX FING COR REGD OID B/E 4.75000000 | 0.008932 | | | CALIFORNIA ST HLTH FACS FING AUTH REVENUE | 0.008769 | | | DOWNEY UNIF SD -A | 0.008683 | | | MODESTO CA IRR DIST FING AUTH ELEC SYS REVENUE | 0.008473 | | | CALIFORNIA ST MUNI FIN AUTH REVENUE | 0.008375 | | | FREDDIE MAC MULTIFAMILY ML CERTIFICATES SER 2019-ML05 CL ACA 3.35000000 | 0.008281 | | | Rio Hondo Community College District (Election of 2024), Series 2025, GO Bonds | 0.008136 | | | SACRAMENTO CNTY CA SPL TAX | 0.008135 | | | California County Tobacco Securitization Agency | 0.008016 | | | IRVINE CA IMPT BOND ACT 1915 | 0.007764 | | | FOOTHILL ESTRN TRANSPRTN CORRIDOR AGY CA TOLL ROAD REVENUE | 0.007564 | | | MORELAND SD-REF-B | 0.007084 | | | CALIFORNIA COMMUNITY VAR | 0.006717 | ✓ | | ANTELOPE VLY CCD-REF | 0.006636 | ✓ | | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE | 0.006440 | | | SANTA MONICA REDEVELOPMENT AGENCY SUCCESSOR AGY EARTHQUAKE RECOVERY REDEV PROJ 5.875% 07-01-36 | 0.006411 | | ## California Municipal Bond Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | BURBANK GLENDALE PASADENA CA ARPT AUTH ARPT REVENUE | 0.025110 | ✓ | | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2025 A, RB | 0.022063 | | | Sacramento (County of), CA, Series 2024, RB | 0.014855 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB | 0.013415 | | | UNIV OF CALIFORNIA-BV | 0.013228 | | | California Community Choice Financing Authority, Series F | 0.013151 | | | CA ST UNIV-A-REF | 0.011847 | | | JH COLLATERAL | 0.010813 | | | SAN FRANCISCO CITY & COUNTY PUBLIC UTILITIES COMMISSION 4.0% 11-01-50 | 0.009795 | | | LOS ANGELES DEPT-D | 0.009733 | | | COMMONSPIRIT HEALTH OBLIGATED GROUP 5.25% 12-01-49 | 0.009549 | | | GARDEN GROVE PUBLIC FINANCING GARGEN 04/49 FIXED 5 | 0.009362 | | | Los Angeles Department of Water & Power Water System, Series 2020B | 0.009192 | | | SAN JOAQUIN VLY CLEAN ENERGY AUTH CA CLEAN ENERGY REVENUE | 0.008767 | | | UNITED AIRLINES INC 4.0% 07-15-29 | 0.008385 | | | CALIFORNIA ST EDUCTNL | 0.008312 | | | Los Angeles (City of), CA, Series 2025, RB | 0.007871 | | | CA CCEDEV 5 03/01/2036 | 0.007794 | | | CALIFORNIA ENTERPRISE DEVELOPM CASDEV 06/40 FIXED OID 4 | 0.007521 | | | CA ST UNIV-A-REF | 0.007107 | | | ALVORD USD-B-CABS | 0.007093 | | | UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.25000000 | 0.006825 | | | California Community Choice Financing Authority, Series F | 0.005936 | | | Inland Empire Tobacco Securitization Corp., Series 2007C-1 | 0.005671 | | | Savanna School District, Series B | 0.005647 | | | PRS-CALIFORNIA OBLIGATED GROUP 5.0% 04-01-49 | 0.005557 | ✓ | | CA PCFA WTR FUR 5% 11/21/2045 | 0.005474 | | | California Educational Facilities Authority, Revenue Bonds, Master's University, Series 2025 | 0.005265 | | | ANAHEIM UNION HIGH SCHOOL DIST ANASCD 08/38 FIXED 3 | 0.005074 | | | DESERTXPRESS ENTERPRISES LLC (MPT) 12.0% 01-01-65 | 0.005011 | ✓ | | Puerto Rico, General Obligation Bonds, Vintage CW NT Claims Taxable Series 2022 | 0.004989 | | | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE | 0.004955 | | | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE | 0.004847 | | | CITY OF GLENDALE CA ELECTRIC R GLEPWR 02/45 FIXED 5 | 0.004698 | | | ROCKLIN ACADEMY OBLIGATED GROUP 5.0% 06-01-64 | 0.004629 | ✓ | | TOBACCO SECURITIZATION AUTH ST TOBGEN 06/48 FIXED 5 | 0.004531 | | | CALIFORNIA ST ENTERPRISE DEV AUTH REVENUE | 0.004520 | | | EISENHOWER MEDICAL CENTER 5.0% 07-01-47 | 0.004464 | | | GOLDEN ST TOBACCO SECURITIZATI REGD B/E 5.00000000 | 0.004445 | ✓ | | TEJON RANCH PUBLIC FACILITIES TEJFAC 09/54 FIXED 5 | 0.004425 | | | CALIFORNIA COMMUNITY VAR | 0.004401 | | | P3 IRVINE SL HOLDINGS LLC OBLIGATED GROUP 6.5% 06-01-54 | 0.004361 | | | RESTRUCTURED-SER A1 | 0.004333 | ✓ | | REDONDO BEACH UNIFIED SCHOOL D RDBSCD 08/50 FIXED 5 | 0.004328 | | | PALMDALE WATER DISTRICT PUBLIC PWDWTR 10/49 FIXED OID 4 | 0.004296 | | | Chaffey Joint Union High School District (Election of 2012), Series 2023 G, GO Bonds | 0.004172 | | | W HOLLYWOOD FING AUTH | 0.004081 | | | LONG BEACH UNIF SD | 0.004046 | | | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE | 0.003998 | | | CALIFORNIA COMMUNITY VAR | 0.003989 | ✓ | ## Sources - N-PORT (fund A) — accession `0001410368-26-040961` (as of 2026-02-28) - N-PORT (fund B) — accession `0001193125-26-184466` (as of 2026-02-28) --- _Informational only — not investment advice. 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