DWS Massachusetts Tax Free Fund - Class C (SQMCX)
| Fund Assets | 185.18M |
| Expense Ratio | 1.60% |
| Min. Investment | $1,000 |
| Turnover | 32.00% |
| Dividend (ttm) | 0.28 |
| Dividend Yield | 2.12% |
| Dividend Growth | 12.17% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 27, 2026 |
| Previous Close | 13.22 |
| YTD Return | 0.92% |
| 1-Year Return | 3.11% |
| 5-Year Return | -4.37% |
| 52-Week Low | 12.33 |
| 52-Week High | 13.23 |
| Beta (5Y) | n/a |
| Holdings | 114 |
| Inception Date | Jun 18, 2001 |
About SQMCX
DWS Massachusetts Tax-Free Fund - Class C is a municipal bond mutual fund designed to provide income exempt from both Massachusetts state and regular federal income taxes. The fund primarily invests at least 80% of its net assets in high-quality municipal securities issued by Massachusetts or its local governments, with the goal of delivering tax-advantaged income to investors residing in the state. Up to 20% of the portfolio may consist of securities subject to the federal alternative minimum tax or rated BB or below, providing some flexibility while emphasizing investment-grade holdings. The fund typically holds a diversified mix of over 100 individual securities, reflecting a broad exposure to the Massachusetts municipal bond market. Managed by DWS, it serves investors seeking tax-efficient income solutions and plays a role in supporting essential public infrastructure projects, such as schools, transportation, and utilities within Massachusetts. The fund pays dividends on a monthly basis and is structured as a non-diversified mutual fund, allowing for focused exposure to the state's municipal sector while maintaining income potential for residents seeking to minimize their tax burden.
Performance
SQMCX had a total return of 3.11% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.38%.
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 | $0.0258 | Jan 27, 2026 |
| Dec 24, 2025 | $0.02507 | Dec 24, 2025 |
| Nov 21, 2025 | $0.02175 | Nov 21, 2025 |
| Oct 27, 2025 | $0.0255 | Oct 27, 2025 |
| Sep 24, 2025 | $0.02437 | Sep 24, 2025 |
| Aug 25, 2025 | $0.02231 | Aug 25, 2025 |