DWS Massachusetts Tax Free Fund - Class C (SQMCX)

Fund Assets	167.78M
Expense Ratio	1.64%
Min. Investment	$1,000
Turnover	38.00%
Dividend (ttm)	0.30
Dividend Yield	2.37%
Dividend Growth	11.01%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 24, 2026

Previous Close	12.39
YTD Return	-4.04%
1-Year Return	-3.28%
5-Year Return	-8.94%
52-Week Low	12.26
52-Week High	13.30
Beta (5Y)	0.04
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.

• Fund Family: DWS
• Category: Muni Massachusetts
• Performance Rating: Low
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: SQMCX
• Share Class: Class C
• Index: Bloomberg Municipal Bond TR

Performance

SQMCX had a total return of -3.28% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.22%.

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	0.45%

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%
SQMAX	Class A	0.89%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 24, 2026	$0.02516	Sep 24, 2026
Aug 25, 2026	$0.02254	Aug 25, 2026
Jul 27, 2026	$0.0267	Jul 27, 2026
Jun 24, 2026	$0.02504	Jun 24, 2026
May 22, 2026	$0.02316	May 22, 2026
Apr 24, 2026	$0.02648	Apr 24, 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:

Oct 16, 2026

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