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Morningstar

DWS Massachusetts Tax Free A SQMAX

Morningstar Medalist Rating
Medalist Rating as of | See DWS Investment Hub
  • NAV / 1-Day Return 13.05  /  0.33 %
  • Total Assets 236.2 Mil
  • Adj. Expense Ratio
    0.850%
  • Expense Ratio 0.850%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Muni Massachusetts
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.49%
  • Effective Duration 6.77 years

USD | NAV as of Dec 01, 2023 | 1-Day Return as of Dec 01, 2023, 11:24 PM GMT+0

Morningstar’s Analysis SQMAX

Will SQMAX 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 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.

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 SQMAX

More SQMAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 128
  • Other Holdings 1
  • % Assets in Top 10 Holdings 21.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MASSACHUSETTS ST WTR POLLUTN ABATEMENT TR 5.25%

3.87
8,921,583
municipal

MASSACHUSETTS ST WTR RES AUTH 5.25%

2.48
5,721,070
municipal

MASSACHUSETTS ST PORT AUTH REV 5%

2.19
5,063,532
municipal

MASSACHUSETTS ST 5%

2.19
5,044,784
municipal

MASSACHUSETTS ST TRANSN FD REV 5%

2.18
5,041,920
municipal

MILLBURY MASS 5%

1.97
4,538,171
municipal

MASSACHUSETTS BAY TRANSN AUTH MASS SALES TAX REV 5%

1.94
4,475,973
municipal

MASSACHUSETTS ST DEV FIN AGY REV 3.85%

1.63
3,760,000
municipal

DENNIS & YARMOUTH MASS REGL SCH DIST 5%

1.53
3,537,030
municipal

BELMONT MASS 4.5%

1.53
3,520,316
municipal