DWS Massachusetts Tax Free Fund - Class S (SCMAX)
| Fund Assets | 185.18M |
| Expense Ratio | 0.60% |
| Min. Investment | $2,500 |
| Turnover | 32.00% |
| Dividend (ttm) | 0.41 |
| Dividend Yield | 3.10% |
| Dividend Growth | 7.01% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 27, 2026 |
| Previous Close | 13.23 |
| YTD Return | 1.13% |
| 1-Year Return | 4.65% |
| 5-Year Return | 1.13% |
| 52-Week Low | 12.17 |
| 52-Week High | 13.23 |
| Beta (5Y) | n/a |
| Holdings | 114 |
| Inception Date | May 28, 1987 |
About SCMAX
DWS Massachusetts Tax-Free Fund - Class S is a municipal bond mutual fund designed to provide investors with income that is exempt from both Massachusetts personal and federal income taxes. The fund primarily invests at least 80% of its assets in investment-grade municipal securities issued by governmental entities within Massachusetts, which may include debt supporting infrastructure, transportation, education, and public utilities. It may allocate up to 20% of assets to securities whose income could be subject to the federal alternative minimum tax. Managed by experienced fixed income professionals, the fund seeks to offer a stable stream of tax-advantaged income while maintaining a moderate credit quality and interest rate sensitivity. With over 100 individual holdings and a diversified portfolio, it serves investors who prioritize tax-efficient income and are residents of Massachusetts or subject to its state tax regime. The fund typically distributes dividends monthly, targeting individuals, trusts, and institutions seeking regular, tax-free income from a portfolio focused on local municipal issuers. Investors must meet a minimum investment threshold and pay an expense ratio for the active management and oversight provided by DWS Investment Management Americas, Inc.
Performance
SCMAX had a total return of 4.65% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.76%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FDMMX | Fidelity | Fidelity Massachusetts Municipal Income Fund | 0.45% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 27, 2026 | $0.03776 | Jan 27, 2026 |
| Dec 24, 2025 | $0.03656 | Dec 24, 2025 |
| Nov 21, 2025 | $0.03147 | Nov 21, 2025 |
| Oct 27, 2025 | $0.03733 | Oct 27, 2025 |
| Sep 24, 2025 | $0.03498 | Sep 24, 2025 |
| Aug 25, 2025 | $0.03242 | Aug 25, 2025 |