DWS Massachusetts Tax Free Fund - Class A (SQMAX)
| Fund Assets | 193.15M |
| Expense Ratio | 0.85% |
| Min. Investment | $1,000 |
| Turnover | 32.00% |
| Dividend (ttm) | 0.37 |
| Dividend Yield | 2.74% |
| Dividend Growth | 7.02% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Nov 21, 2025 |
| Previous Close | 13.47 |
| YTD Return | 2.30% |
| 1-Year Return | 0.65% |
| 5-Year Return | -1.06% |
| 52-Week Low | 12.64 |
| 52-Week High | 13.52 |
| Beta (5Y) | 0.29 |
| Holdings | 117 |
| 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 0.65% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.83%.
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 | 0.45% |
Top 10 Holdings
25.02% of assets| Name | Symbol | Weight |
|---|---|---|
| MASSACHUSETTS ST WTR POLLUTN ABATEMENT TR 5.25% | MA.MASWTR 5.25 08.01.2031 | 3.62% |
| MASSACHUSETTS ST WTR RES AUTH 5.25% | MA.MASWTR 5.25 08.01.2031 | 3.09% |
| MASSACHUSETTS ST PORT AUTH REV 5% | MA.MASTRN 5 07.01.2037 | 2.76% |
| MASSACHUSETTS ST 5% | MA.MAS 5 07.01.2048 | 2.70% |
| Massachusetts State Bay Transportation Authority, Sales Tax Revenue 2 | n/a | 2.63% |
| MASSACHUSETTS ST 5% | MA.MAS 5 05.01.2053 | 2.63% |
| ATTLEBORO MASS 4% | MA.ATT 4 02.15.2049 | 1.98% |
| MASSACHUSETTS ST PORT AUTH SPL FACS REV 4% | MA.MASTRN 4 07.01.2044 | 1.93% |
| MASSACHUSETTS ST DEV FIN AGY REV 5% | MA.MASDEV 5 06.01.2048 | 1.85% |
| MASSACHUSETTS ST PORT AUTH REV 5% | MA.MASTRN 5 07.01.2040 | 1.83% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Nov 21, 2025 | $0.02905 | Nov 21, 2025 |
| Oct 27, 2025 | $0.03437 | Oct 27, 2025 |
| Sep 24, 2025 | $0.03233 | Sep 24, 2025 |
| Aug 25, 2025 | $0.0299 | Aug 25, 2025 |
| Jul 25, 2025 | $0.03344 | Jul 25, 2025 |
| Jun 24, 2025 | $0.0301 | Jun 24, 2025 |