DWS Massachusetts Tax Free Fund (DMAIX)
| Fund Assets | 179.17M |
| Expense Ratio | 0.62% |
| Min. Investment | $1,000,000 |
| Turnover | 38.00% |
| Dividend (ttm) | 0.42 |
| Dividend Yield | 3.20% |
| Dividend Growth | 8.72% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 24, 2026 |
| Previous Close | 13.21 |
| YTD Return | 2.07% |
| 1-Year Return | 6.40% |
| 5-Year Return | 0.33% |
| 52-Week Low | 12.64 |
| 52-Week High | 13.31 |
| Beta (5Y) | n/a |
| Holdings | 112 |
| 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.
Performance
DMAIX had a total return of 6.40% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.34%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 24, 2026 | $0.03587 | Jun 24, 2026 |
| May 22, 2026 | $0.03358 | May 22, 2026 |
| Apr 24, 2026 | $0.03797 | Apr 24, 2026 |
| Mar 25, 2026 | $0.03497 | Mar 25, 2026 |
| Feb 23, 2026 | $0.03477 | Feb 23, 2026 |
| Jan 27, 2026 | $0.03768 | Jan 27, 2026 |