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Morningstar

DWS Massachusetts Tax Free S SCMAX

Morningstar Medalist Rating
Medalist Rating as of | See DWS Investment Hub
  • NAV / 1-Day Return 12.60  /  0.16 %
  • Total Assets 213.3 Mil
  • Adj. Expense Ratio
    0.600%
  • Expense Ratio 0.600%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Muni Massachusetts
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 2.74%
  • Effective Duration 6.52 years

USD | NAV as of Sep 26, 2023 | 1-Day Return as of Sep 26, 2023, 10:24 PM GMT+0

Morningstar’s Analysis SCMAX

Will SCMAX outperform in 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 SCMAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the SCMAX 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 SCMAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Solid, but more to prove.

Associate Analyst Max Curtin

Max Curtin

Associate Analyst

Summary

Experienced managers remain at the helm of DWS Massachusetts Tax-Free after a few years of turnover, but it’s still too early to decide whether this reshaped group holds a durable edge over peers.

by Max Curtin
Rated on Published on

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Portfolio Holdings SCMAX

More SCMAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 124
  • Other Holdings 0
  • % Assets in Top 10 Holdings 23.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MASSACHUSETTS ST WTR POLLUTN ABATEMENT TR 5.25%

4.35
9,566,155
municipal

MASSACHUSETTS ST WTR RES AUTH 5.25%

2.77
6,089,645
municipal

MASSACHUSETTS ST 5%

2.44
5,371,804
municipal

MASSACHUSETTS ST PORT AUTH REV 5%

2.43
5,351,303
municipal

MASSACHUSETTS ST TRANSN FD REV 5%

2.34
5,151,402
municipal

MASSACHUSETTS BAY TRANSN AUTH MASS SALES TAX REV 5%

2.12
4,673,485
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5%

1.91
4,196,145
municipal

ATTLEBORO MASS 4%

1.77
3,901,771
municipal

MASSACHUSETTS ST PORT AUTH SPL FACS REV 4%

1.73
3,803,715
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5%

1.66
3,649,400
municipal