DWS Massachusetts Tax Free Fund - Class A (SQMAX)
| Fund Assets | 226.38M |
| Expense Ratio | 0.85% |
| Min. Investment | $1,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 2.45% |
| Dividend Growth | 7.28% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 25, 2025 |
| Previous Close | 12.71 |
| YTD Return | -2.38% |
| 1-Year Return | 0.35% |
| 5-Year Return | -1.18% |
| 52-Week Low | n/a |
| 52-Week High | n/a |
| Beta (5Y) | 0.23 |
| Holdings | 122 |
| Inception Date | Jun 18, 2001 |
About SQMAX
The Fund's investment strategy focuses on MA Municipal Debt with 0.85% total expense ratio. The minimum amount to invest in Deutsche DWS State Tax Free Income Series: DWS Massachusetts Tax-Free Fund; Class A Shares is $1,000 on a standard taxable account. Deutsche DWS State Tax Free Income Series: DWS Massachusetts Tax-Free Fund; Class A Shares seeks income that is exempt from Massachusetts personal and federal income taxes. SQMAX invests at least 80% of net assets, in Massachusetts municipal securities. SQMAX may invest up to 20% of net assets in securities whose income is subject to the federal alternative minimum tax.
Performance
SQMAX had a total return of 0.35% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.13%.
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% |
Top 10 Holdings
24.38% of assets| Name | Symbol | Weight |
|---|---|---|
| MASSACHUSETTS ST WTR POLLUTN ABATEMENT TR 5.25% | MA MASWTR 5.25 08.01.2031 | 4.44% |
| MASSACHUSETTS ST WTR RES AUTH 5.25% | MA MASWTR 5.25 08.01.2031 | 2.84% |
| MASSACHUSETTS ST 5% | MA MAS 5 01.01.2054 | 2.55% |
| MASSACHUSETTS ST PORT AUTH REV 5% | MA MASTRN 5 07.01.2037 | 2.54% |
| MASSACHUSETTS ST 5% | MA MAS 5 07.01.2048 | 2.50% |
| Massachusetts State Bay Transportation Authority, Sales Tax Revenue | n/a | 2.44% |
| ATTLEBORO MASS 4% | MA ATT 4 02.15.2049 | 1.85% |
| MASSACHUSETTS ST PORT AUTH SPL FACS REV 4% | MA MASTRN 4 07.01.2044 | 1.82% |
| MASSACHUSETTS ST DEV FIN AGY REV 5% | MA MASDEV 5 06.01.2048 | 1.72% |
| MASSACHUSETTS ST PORT AUTH REV 5% | MA MASTRN 5 07.01.2040 | 1.69% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 25, 2025 | $0.02785 | Mar 25, 2025 |
| Feb 24, 2025 | $0.03008 | Feb 24, 2025 |
| Jan 27, 2025 | $0.03069 | Jan 27, 2025 |
| Dec 24, 2024 | $0.02891 | Dec 24, 2024 |
| Nov 22, 2024 | $0.02726 | Nov 22, 2024 |
| Oct 25, 2024 | $0.03145 | Oct 25, 2024 |