Morningstar

DWS Massachusetts Tax Free Fund - Class A SQMAX

Morningstar Medalist Rating
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Medalist Rating as of See DWS Investment Hub
  • NAV / 1-Day Return $12.60  /  +0.80 %
  • Fund Size $172.3M
  • Adjusted Expense Ratio 0.860%
  • Net Expense Ratio 0.870%
  • Fee Level: Distribution High
  • Share Class Type Front Load
  • Morningstar Category Muni Massachusetts
  • Fixed-Income Style Box (Funds) Medium/Extensive
  • Minimum Initial Investment $1,000
  • Investment Status Open
  • TTM Yield 3.19%
  • Average Effective Duration 6.96 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis SQMAX

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

  • People Pillar

    The People Pillar is our evaluation of the SQMAX 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 SQMAX’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 A 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 SQMAX

More SQMAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 26.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MASSACHUSETTS ST HEALTH & EDL FACS AUTH REV 2.45%

4.42 8M
municipal

MASSACHUSETTS ST WTR RES AUTH 5.25%

3.34 6M
municipal

MASSACHUSETTS ST PORT AUTH REV 5%

3.04 5M
municipal

MASSACHUSETTS ST 5%

2.98 5M
municipal

MASSACHUSETTS ST 5%

2.86 5M
municipal

MASSACHUSETTS ST PORT AUTH SPL FACS REV 4%

2.13 4M
municipal

ATTLEBORO MASS 4%

2.08 4M
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5%

2.06 4M
municipal

UNIVERSITY MASS BLDG AUTH REV 5%

1.78 3M
municipal

MASSACHUSETTS DEV FIN AGY NATL CHARTER SCH REVOLOVING LN FD REV 4%

1.74 3M
municipal

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