DWS Massachusetts Tax Free Fund - Class A (SQMAX)

Fund Assets	174.51M
Expense Ratio	0.89%
Min. Investment	$1,000
Turnover	38.00%
Dividend (ttm)	0.39
Dividend Yield	3.03%
Dividend Growth	8.95%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 27, 2026

Previous Close	12.99
YTD Return	0.78%
1-Year Return	4.81%
5-Year Return	-2.57%
52-Week Low	12.73
52-Week High	13.31
Beta (5Y)	0.28
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.

• Fund Family: DWS
• Category: Muni Massachusetts
• Performance Rating: Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: SQMAX
• Share Class: Class A
• Index: Bloomberg Municipal Bond TR

Performance

SQMAX had a total return of 4.81% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.22%.

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%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
DMAIX	Institutional Class	0.64%
SCMAX	Class S	0.64%
SQMCX	Class C	1.64%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 27, 2026	$0.03563	Jul 27, 2026
Jun 24, 2026	$0.03316	Jun 24, 2026
May 22, 2026	$0.03097	May 22, 2026
Apr 24, 2026	$0.0351	Apr 24, 2026
Mar 25, 2026	$0.03225	Mar 25, 2026
Feb 23, 2026	$0.03232	Feb 23, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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