DWS Massachusetts Tax Free Fund - Class C (SQMCX)
| Fund Assets | 193.15M |
| Expense Ratio | 1.60% |
| Min. Investment | $1,000 |
| Turnover | 32.00% |
| Dividend (ttm) | 0.27 |
| Dividend Yield | 2.07% |
| Dividend Growth | 10.35% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Nov 21, 2025 |
| Previous Close | 13.10 |
| YTD Return | 1.64% |
| 1-Year Return | 0.05% |
| 5-Year Return | -4.37% |
| 52-Week Low | 12.33 |
| 52-Week High | 13.15 |
| Beta (5Y) | n/a |
| Holdings | 117 |
| 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 0.05% 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 | 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 | $0.02175 | 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 |
| Jul 25, 2025 | $0.0248 | Jul 25, 2025 |
| Jun 24, 2025 | $0.02251 | Jun 24, 2025 |