Deutsche California Tax-Free Income Fund Class C

 (MUTF:KCTCX)   Watch this mutual fund  
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Performance

Trailing returns

1 day   +0.00%  
1 week   +0.30%
   
4 week   +0.30%
   
3 month   +0.93%
   
YTD   +4.37%
   
1 year   +1.06%
   
3 years*   +1.51%
   
5 years*   +2.22%
   
*annualized
Best 3 month return+9.25%  
Worst 3 month return-7.19%  

Morningstar statistics

Morningstar category: Muni California Long
  Return Risk Rating
3 years Low Below Average
5 years Low Average
10 years Low Average
Overall Low Average

Key statistics

Total assets999.91M 
Front load-  
Deferred load1.00%  
Expense ratio1.58%  
Management fee-  
Fund familyDeutsche Asset Management 

Asset allocation

Cash0.24%  
Stocks0.00%  
Bonds99.76%  
Other0.00%  

Purchase information

Initial$1,000  
Additional$50  
IRA Initial$500  
AIP Initial$500  
AIP Additional$50  
7.54-0.01(-0.13%)
Oct 19, 8:00PM EDT Overall Morningstar RatingTM

Description

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 90% of the fund's municipal securities are in the top four grades of credit quality.
Fund filings (PDF) »
Asset managers:
Michael Generazo (Started: Jun 1, 2010)
Ashton Goodfield (Started: Oct 1, 2014)
Matthew Caggiano (Started: Apr 1, 1999)
Advisor Company:
Deutsche Inv Mgmt Americas Inc
Fund family reports on Morningstar »
345 Park Avenue, 345 Park Avenue, Chicago, IL 60606, USA
212-454-0744 (Fax)

Risk

  1 year 3 years 5 years 10 years  
Alpha* -1.50 -1.52 -1.37 -1.70
Beta* 1.06 1.07 1.19 1.22
Mean annual return -0.04 0.16 0.18 0.31
R-squared* 99.17 98.02 96.63 93.92
Standard deviation 5.23 3.57 4.38 5.69
Sharpe ratio -0.24 0.43 0.45 0.58
* Against standard index

Top 10 holdings