Morningstar

DWS Massachusetts Tax-Free Fund Institutional Class DMAIX

Morningstar Medalist Rating
Medalist Rating as of | See DWS Investment Hub
  • NAV / 1-Day Return 12.71  /  +0.16 %
  • Total Assets 168.0M
  • Adj. Expense Ratio
    0.610%
  • Expense Ratio 0.620%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Muni Massachusetts
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment 1M
  • Status Open
  • TTM Yield 3.30%
  • Effective Duration 7.27 years

USD | NAV as of Sep 12, 2026 | 1-Day Return as of Sep 12, 2026, 5:57 AM GMT+0

Morningstar’s Analysis DMAIX

Will DMAIX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable DMAIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the DMAIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of DMAIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

DWS Massachusetts Tax-Free Instl holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings DMAIX

More DMAIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 24.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MASSACHUSETTS ST WTR RES AUTH 5.25%

3.33 6M
municipal

MASSACHUSETTS ST PORT AUTH REV 5%

3.04 5M
municipal

MASSACHUSETTS ST 5%

2.99 5M
municipal

MASSACHUSETTS ST 5%

2.87 5M
municipal

MASSACHUSETTS ST HEALTH & EDL FACS AUTH REV 2.75%

2.16 4M
municipal

MASSACHUSETTS ST PORT AUTH SPL FACS REV 4%

2.15 4M
municipal

ATTLEBORO MASS 4%

2.14 4M
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5%

2.06 4M
municipal

MASSACHUSETTS ST PORT AUTH REV 5%

2.04 4M
municipal

UNIVERSITY MASS BLDG AUTH REV 5%

1.79 3M
municipal

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