SCMAX Mutual Fund

NAV$12.39

AUM$135M

TER0.64%

Holdings117

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SCMAX Mutual Fund

NAV$12.39

DWS Massachusetts Tax Free Fund Class S

AUM$135M

TER0.64%

Holdings117

See how much of SCMAX you already own

Just $25 once·$99/mo·Download sample

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Overview Performance Chart Dividends Top Holdings All Holdings Sectors Geography Similar Compare Overlap

Showing top 50 of 117 holdings · as of Jul 31, 2026

SCMAX holdings, by weight
#	Ticker	Name	Weight	Cumulative	Shares	Mkt value	Sector	Industry
1	—	Massachusetts (state Of) Port Authority, Series 2019 A, Ref. Rb	3.04%	3.0%	5,055,000	$5.20M	-	-
2	—	Massachusetts State, General Obligation Bonds, Consolidated Loan, Series 2020dFinancials · Diversified Financial Services	2.99%	6.0%	5,000,000	$5.11M	Financials	Diversified Financial Services
Sector and industry · Pro
3	—	Massachusetts St Go Consolidated Ln Bds 2023A 5.0 2053-05-01	2.87%	8.9%	4,820,000	$4.92M
4	—	Ma Harvard 99R V1 2049-11-01	2.16%	11.1%	3,700,000	$3.70M
5	Debt	Massachusetts St Port Auth	2.15%	13.2%	4,000,000	$3.69M
6	—	Attleboro Ma Go	2.14%	15.4%	4,000,000	$3.66M
7	Debt	Massachusetts St Dev Fin Agy R	2.06%	17.4%	3,500,000	$3.53M
8	—	Massachusetts Port Authority, Revenue Bonds, Series 2015a	2.04%	19.4%	3,500,000	$3.50M
9	Debt	Umafac	1.79%	21.2%	3,000,000	$3.06M
10	Debt	Massachusetts Development Finance Agency	1.75%	23.0%	3,455,000	$3.00M
11	—	Massachusetts Educational Financing Authority, Education Loan Revenue Bonds, Issue L, Senior Series 2020b	1.69%	24.7%	2,725,000	$2.89M
12	Debt	Massachusetts St Port Auth Spl	1.66%	26.3%	2,750,000	$2.85M
13	Debt	Massachusetts St Ma St	1.54%	27.9%	2,500,000	$2.63M
14	—	Massachusetts St Port Auth	1.50%	29.4%	2,500,000	$2.57M
15	—	Massachusetts Development Finance Agency, Revenue Bonds, Salem Community Corporation, Refunding Series 2022	1.46%	30.8%	2,675,000	$2.51M
16	—	Massachusetts Water Resources Authority	1.31%	32.1%	2,000,000	$2.25M
17	—	Ma Dev Finance Agency 01/07/2050	1.31%	33.5%	2,825,000	$2.25M
18	Debt	Ma St Trans Rev	1.30%	34.8%	3,000,000	$2.22M
19	—	Massachusetts Development Finance Agency, Revenue Bonds, Northeastern University, Series 2024A 5 2042-10-01	1.24%	36.0%	2,000,000	$2.13M
20	Debt	Cambridge Ma	1.23%	37.2%	2,150,000	$2.11M
21	—	Massachusetts Development Finance Agency, Revenue Bonds, Boston Children'S Hospital Series 2024T 5.25 2054-03-01	1.22%	38.4%	2,000,000	$2.08M
22	—	Massachusetts Development Finance Authority, Revenue Bonds, Olin College, Refunding Series 2023G	1.21%	39.7%	2,000,000	$2.07M
23	—	Massachusetts Development Finance Agency, Revenue Bonds, Mass General Brigham, Series 2024D 5 2047-07-01	1.21%	40.9%	2,000,000	$2.07M
24	Debt	Commonwealth Of Massachusetts	1.20%	42.1%	2,000,000	$2.06M
25	—	Massachusetts St Eductnl Fing Regd Oid B/E Amt 3.62500000	1.19%	43.3%	2,100,000	$2.04M
26	Debt	Massachusetts St Dev Fin Agy R	1.17%	44.4%	2,000,000	$2.01M
27	—	Massachusetts St Hsg Fin Agy H Regd B/E Gnma/Fn 3.00000000	1.16%	45.6%	2,015,000	$1.98M
28	Debt	Massachusetts St Dev Fin Agy R	1.12%	46.7%	1,845,000	$1.91M
29	—	Massachusetts St Dev Fin Agy Revenue	1.11%	47.8%	2,000,000	$1.90M
30	Debt	Massachusetts St Eductnl Fing	1.05%	48.9%	1,750,000	$1.80M
31	—	Massachusetts Bay Transportation Authority, Sales Tax Revenue Bonds, Senior Sustainability Series 2024B 5.25 2054-07-01	1.02%	49.9%	1,665,000	$1.74M
32	Debt	Massachusetts St Dev Fin Agy R	1.02%	50.9%	1,685,000	$1.75M
33	—	Massachusetts St Hlth & Eductnl Facs Auth Revenue	1.01%	51.9%	1,705,000	$1.73M
34	—	Puerto Rico Comwlth 4% 2046-07-01	0.94%	52.9%	1,772,826	$1.60M
35	—	Massachusetts Development Finance Agency 5.5 2050-07-01	0.94%	53.8%	1,500,000	$1.61M
36	Debt	Massachusetts State, General Obligation Bonds, Consolidated Series 2024B	0.90%	54.7%	1,500,000	$1.54M
37	—	Ma Cmwlth-B 01/04/2048	0.89%	55.6%	2,000,000	$1.52M
38	Debt	Massachusetts Development Finance Agency	0.89%	56.5%	1,375,000	$1.53M
39	—	Massachusetts Transportation Fund Revenue (rail Enhancement & Accelerated Bridge Program)	0.89%	57.4%	1,500,000	$1.52M
40	Debt	Somerville Ma	0.87%	58.2%	1,335,000	$1.49M
41	—	Massachusetts St Sch Bldg Auth Sales Tax Revenue	0.85%	59.1%	1,400,000	$1.45M
42	Debt	Puerto Rico Sales Tax Financing Corp Sa	0.84%	59.9%	1,500,000	$1.44M
43	—	Massachusetts Department of Transportation, Metropolitan Highway System Revenue Bonds, Refunding Senior Lien Series 2010a	0.82%	60.7%	1,400,000	$1.40M
44	—	Massachusetts Development Finance Agency, Revenue Bonds, Springfield College, Green Series 2021A	0.81%	61.6%	1,895,000	$1.39M
45	—	Massachusetts St Dev Fin Agy R 4% Oct 01, 2048	0.80%	62.4%	1,500,000	$1.37M
46	Debt	Tender Option Bond Trust Recei	0.80%	63.2%	1,250,000	$1.37M
47	—	Massachusetts Health & Educational Facilities Authority, Series 2001 J-2	0.79%	63.9%	1,350,000	$1.35M
48	—	Massachusetts State Water Resources Authority Revenue 08/01/2042	0.78%	64.7%	1,250,000	$1.34M
49	Debt	Massachusetts St H	0.76%	65.5%	1,320,000	$1.30M
50	—	Massachusetts St V/R 10/01/55	0.73%	66.2%	1,125,000	$1.25M
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Not reported for this fund: share changes.

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SCMAX Mutual Fund All Holdings

SCMAX holdings total 117 positions. The top 10 holdings account for 23.0% of the fund, led by Massachusetts (state Of) Port Authority, Series 2019 A, Ref. Rb at 3.0%, Massachusetts State, General Obligation Bonds, Consolidated Loan, Series 2020d at 3.0%, Massachusetts St Go Consolidated Ln Bds 2023A 5.0 2053-05-01 at 2.9%.

SCMAX portfolio concentration is well-diversified, with the top 10 representing 23.0% of total assets. The largest sector exposure is Financials at 26.1%.

SCMAX sectors provide a detailed breakdown. SCMAX overlap shows how holdings compare to other funds in your portfolio.