DWS Massachusetts Tax Free Fund

5 / 5 Stars
5 5 2 5 3
Zacks Investment Research
2 (Buy)
Standard & Poor's
4 / 5 Stars
B+ (Buy)

U.S. News evaluated 18 Muni Massachusetts Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

See all DWS Investments funds

See full Muni Massachusetts rankings

See more fund rankings


The fund has returned 6.13 percent over the past year, 5.13 percent over the past three years, 5.45 percent over the past five years, and 4.72 percent over the past decade.

Trailing Returns Updated 06.30.2014
Year to date 6.7%
1 Year 6.1%
3 Years (Annualized) 5.1%
5 Years (Annualized) 5.5%
10 Years (Annualized) 4.7%

See more SCMAX performance


The investment seeks income that is exempt from Massachusetts personal and federal income taxes. The fund invests at least 80% of net assets, plus the amount of any borrowings for investment purposes, in Massachusetts municipal securities. It can buy many types of municipal securities with no maturity restrictions. The fund normally invests at least 75% of total assets in municipal securities of the top four grades of credit quality. It may invest up to 20% of net assets in securities whose income is subject to the federal alternative minimum tax (AMT). The fund is non-diversified.


Fees are Below Average compared to funds in the same category.
DWS Massachusetts Tax Free Fund has an expense ratio of 0.62 percent.

See more SCMAX fees


Risk is Above Average compared to funds in the same category according to Morningstar.

See more SCMAX risk