SCMAX – DWS Massachusetts Tax Free S Investment Strategy | Morningstar

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Strategy

The investment seeks income that is exempt from Massachusetts personal and federal income taxes. Under normal circumstances, the fund invests at least 80% of net assets, plus the amount of any borrowings for investment purposes, in Massachusetts municipal securities. For purposes of this 80% requirement, Massachusetts municipal securities are securities whose income is exempt from regular federal and Massachusetts state income taxes. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
SCMAX	DWS Massachusetts Tax Free Fund - Class S	No Load	Open			May 28, 1987	$139.84M	0.610%	Above Average	$2,500	−$11.55M
DMAIX	DWS Massachusetts Tax-Free Fund Institutional Class	Institutional	Open			Dec 1, 2020	$10.76M	0.610%	High	$1M	−$5.94M
SQMAX	DWS Massachusetts Tax Free Fund - Class A	Front Load	Open			Jun 18, 2001	$19.08M	0.860%	High	$1,000	−$1.99M
SQMCX	DWS Massachusetts Tax Free Fund - Class C	Level Load	Open			Jun 18, 2001	$112,674.00	1.610%	High	$1,000	−$182,410.79

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