DWS Massachusetts Tax-Free Instl (DMAIX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

12.51

+0.11 (0.89%)

At close: Oct 15, 2026

Fund Assets	167.78M
Expense Ratio	0.64%
Min. Investment	$1,000,000
Turnover	38.00%
Dividend (ttm)	0.43
Dividend Yield	3.42%
Dividend Growth	7.72%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 24, 2026

Previous Close	12.40
YTD Return	-2.53%
1-Year Return	-1.52%
5-Year Return	-3.26%
52-Week Low	12.27
52-Week High	13.31
Beta (5Y)	n/a
Holdings	117
Inception Date	Dec 1, 2020

About DMAIX

DWS Massachusetts Tax-Free Fund is a municipal bond mutual fund with a primary focus on generating income exempt from both Massachusetts personal and U.S. federal income taxes. The fund is actively managed and invests at least 80% of its net assets in investment-grade municipal securities issued by the state of Massachusetts or its local government entities. It targets primarily revenue and general obligation bonds across sectors such as infrastructure, water resources, transportation, and public utilities, with typical exposure to high-quality credits rated AA and A. The fund may allocate up to 20% of assets to securities whose income is subject to the federal alternative minimum tax. Designed for institutional investors, it requires a high minimum investment and emphasizes moderate interest rate sensitivity and credit quality. DWS Massachusetts Tax-Free Fund serves as a tax-efficient fixed income option for investors seeking steady, tax-advantaged income while supporting Massachusetts' municipal development and essential services. Its monthly distributions and focus on state-specific securities make it a key instrument for entities seeking targeted municipal exposure within the tax-exempt market segment.

Fund Family DWS

Category Muni Massachusetts

Performance Rating Average

Risk Rating Average

Stock Exchange Nasdaq

Ticker Symbol DMAIX

Share Class Institutional Class

Index Bloomberg Municipal Bond TR

Performance

DMAIX had a total return of -1.52% in the past year, including dividends. Since the fund's inception, the average annual return has been -0.47%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
SCMAX	Class S	0.64%
SQMAX	Class A	0.89%
SQMCX	Class C	1.64%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 24, 2026	$0.03567	Sep 24, 2026
Aug 25, 2026	$0.03289	Aug 25, 2026
Jul 27, 2026	$0.03862	Jul 27, 2026
Jun 24, 2026	$0.03587	Jun 24, 2026
May 22, 2026	$0.03358	May 22, 2026
Apr 24, 2026	$0.03797	Apr 24, 2026

Full Dividend History