|
Overall Morningstar
Rating™ |
| What is this? |
 |
 |
| As of 2009-10-31 |
|
Out of
Muni Massachusetts Funds |
|
| Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance. |
|
|
|
Morningstar®
Style Box™ |
| What is this? |
|
 |
|
Avg Duration |
|
|
7.30 Yrs
|
|
|
|
Avg Credit Quality |
|
|
A |
|
| As of
2009-09-30 |
|
|
| Day Change |
| $ 0.02 |
|
|
| NAV (2009-11-20) |
| $ 14.37 |
|
|
| YTD Return % (2009-11-20) |
| 16.16% |
|
|
| Total Assets ($ mil) |
| 459 |
|
| Growth of $10,000 |
 |
Fund: |
DWS MA Tax-Free A Load Waived |
| (from
2001-06-18
to 2009-10-31) |
 |
Category: |
Muni Massachusetts |
|
 |
Index: |
Barcap Municipal! |
| Total Annualized Returns % |
1yr, 3yr and 5yr Returns as of 2009-11-20 |
| Inception date: 2001-06-18 |
10yr and Inception Returns as of 2009-10-31 |
|
YTD Returns as of 2009-11-20 |
|
|
YTD |
1 Year |
3 Year |
5 Year |
10 Year |
Since Inception |
| Fund |
16.16 |
14.64 |
4.48 |
4.27 |
--- |
4.67 |
| +/- Category |
0.87 |
1.04 |
1.86 |
1.06 |
--- |
--- |
| +/- Barcap Municipal! |
--- |
--- |
--- |
--- |
--- |
--- |
|
|
| Standardized Annual Returns % more on standardized returns |
| Quarter-End (as of
2009-09-30) |
18.87 |
16.59 |
5.50 |
4.78 |
--- |
5.10 |
| Month-End (as of 2009-10-31) |
15.35 |
14.53 |
4.31 |
4.01 |
--- |
4.67 |
|
|
| After Tax Returns % (as of
2009-09-30
)
|
| On Distribution |
--- |
14.53 |
4.26 |
3.90 |
--- |
--- |
| On Distribution & Sale of Shares |
--- |
11.11 |
4.25 |
3.97 |
--- |
--- |
|
|
| Morningstar Rating |
--- |
--- |
 |
|
--- |
--- |
|
| # of compared funds covered (3 yrs : out of 75 funds), (5 yrs : out of 70 funds), (10 yrs : out of funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is
none,
the maximum deferred sales fee is
none,
and the maximum redemption sales fee is
none. |
|
| The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein. |
|
|
|
|
| Sector Breakdown % |
|
| General Obligations |
10.81 |
| Advance Refunded |
0.98 |
| State Appropriated Tobacco |
---
|
| Non-state Appropriated Tobacco |
---
|
| Education |
22.39 |
| Health |
10.77 |
| Housing |
---
|
| Industrial |
0.87 |
| Transportation |
20.77 |
| Utilities |
0.46 |
| Water/Sewer |
12.50 |
| Misc. Revenue |
20.45 |
|
| Bond Quality |
% of Bonds |
| AAA |
13.0 |
| AA |
44.0 |
| A |
15.0 |
| BBB |
23.0 |
| BB |
1.0 |
| B |
0.0 |
| Below B |
0.0 |
| Not Rated |
4.0 |
|
|
|
|
|
| |
|
|
| Asset Allocation |
|
 |
|
| % of Net Assets |
 |
Cash |
0.0 |
 |
Stocks |
0.0 |
|
Bonds |
100.0 |
 |
Other |
0.0 |
|
|
|
Foreign Stocks |
0.0 |
|
(as a % of Assets) |
|
|
| Data through 2009-09-30 |
Data through 2009-09-30 |
 |
| Holding Status |
|
| Total Number of Stock Holdings |
|
|
Turnover % |
58 |
| Total Number of Bond Holdings |
131 |
|
30 Day SEC Yield % |
3.60 |
| % of Assets in Top 10 Holdings |
22.47 |
|
ending as of
2009-09-30 |
|
|
|
|
View Data Definitions |
| Top 10 Holdings |
Maturity
Date |
Amount
$000 |
Value
$000 |
% of Net
Assets |
|
|
|
|
|
|
|
Univ Mass Bldg Auth 5% |
2020-11-01 |
11,880 |
12,885 |
3.11 |
|
Puerto Rico Pub Bldgs Auth 5.5% |
2016-07-01 |
10,350 |
10,971 |
2.65 |
 |
Massachusetts St Health & Edl Higher 5% |
2037-10-01 |
9,860 |
10,310 |
2.49 |
|
MASSACHUSETTS BAY TRANSN AUTH SEN SALES |
2027-07-01 |
21,090 |
9,276 |
2.24 |
|
Massachusetts St Sch Bldg Auth 5% |
2024-08-15 |
7,800 |
8,735 |
2.11 |
|
 |
|
Braintree Mass Go Munici 5% |
2026-05-15 |
7,645 |
8,568 |
2.07 |
 |
Massachusetts St Health & Edl Rev Bds 5% |
2038-07-01 |
7,665 |
8,264 |
2.00 |
|
Massachusetts St Dev Fin Agy R Rev 5.25% |
2029-10-01 |
8,620 |
8,230 |
1.99 |
|
Massachusetts St Fed Hwy Grant Ant |
2014-12-15 |
9,000 |
8,037 |
1.94 |
|
Massachusetts Bay Transn Auth 5.25% |
2020-07-01 |
6,270 |
7,757 |
1.87 |
|
|
 |
Data through 2009-09-30 |
|
|
|
| Fund Inception: 2001-06-18 |
|
Portfolio Manager (Start Date) |
|
|
|
|
|
Philip G. Condon (1989-12-31) |
|
|
|
Head of municipal bond portfolio management for retail and tax-exempt advisory clients: Boston
Joined the Company in 1983, served as director of municipal bond department & director of Scudder's municipal bond research group, after 7 years of experience as fixed income analyst for Connecticut General Life Insurance Company (CIGNA) and analyst at Federal Reserve Bank of Boston
BA & MBA from University of Massachusetts, Amherst |
|
|
|
|
|
Rebecca L. Flinn (1999-04-01) |
|
|
|
Flinn is the Portfolio manager for Scudder High Yield Tax-Free Fund, Scudder Massachusetts Tax-Free Fund and Scudder Strategic Municipal Income Trust: Boston. He joined the Company in 1986 after a year of experience as transfer agent for Paine Webber Properties, Inc.
BA from University of Redlands, California |
|
|
|
|
Sales Charge %
(taken from prospectus dated 2009-08-01) |
| Front: |
None |
| Deferred: |
None |
|
| Expense Ratio % |
0.95 |
based on net assets
(taken from annual report dated 2008-03-31)
|
|
| Correspondence Information |
345 Park Avenue
New York,
NY
10154-0004
USA |
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