DWS Massachusetts Tax Free Fund - Class A (SQMAX)
| Fund Assets | 186.54M |
| Expense Ratio | 0.85% |
| Min. Investment | $1,000 |
| Turnover | 32.00% |
| Dividend (ttm) | 0.35 |
| Dividend Yield | 2.62% |
| Dividend Growth | 9.35% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 25, 2026 |
| Previous Close | 13.06 |
| YTD Return | 0.30% |
| 1-Year Return | 3.90% |
| 5-Year Return | -1.37% |
| 52-Week Low | 12.50 |
| 52-Week High | 13.31 |
| Beta (5Y) | 0.29 |
| Holdings | 114 |
| Inception Date | Jun 18, 2001 |
About SQMAX
DWS Massachusetts Tax-Free Fund - Class A is a municipal bond mutual fund designed to provide investors with income that is exempt from both Massachusetts state and federal income taxes. The fund primarily invests at least 80% of its net assets in municipal securities issued by the state of Massachusetts and its local entities, as well as qualified obligations from U.S. territories, ensuring tax-exempt income for Massachusetts residents. Its portfolio encompasses a variety of municipal debt types, including general obligation bonds, revenue bonds, and other public-sector obligations, with no fixed maturity restrictions. The fund may also allocate a portion of assets to bonds subject to the federal alternative minimum tax. Positioned within the "Muni Massachusetts" category, the fund serves individuals seeking tax-efficient income, particularly those residing in Massachusetts. Managed by a team of professionals, DWS Massachusetts Tax-Free Fund - Class A plays a specialized role in the municipal bond sector by catering to investors with a focus on state-specific tax advantages and income preservation.
Performance
SQMAX had a total return of 3.90% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.25%.
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 | 0.44% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 25, 2026 | $0.03225 | Mar 25, 2026 |
| Feb 23, 2026 | $0.03232 | Feb 23, 2026 |
| Jan 27, 2026 | $0.03478 | Jan 27, 2026 |
| Dec 24, 2025 | $0.03369 | Dec 24, 2025 |
| Nov 21, 2025 | $0.02905 | Nov 21, 2025 |
| Oct 27, 2025 | $0.03437 | Oct 27, 2025 |