Allspring Pennsylvania Tax-Free Fund (EKVAX)
| Fund Assets | 89.76M |
| Expense Ratio | 0.74% |
| Min. Investment | $1,000 |
| Turnover | 10.00% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 3.01% |
| Dividend Growth | 3.73% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 10.64 |
| YTD Return | -0.23% |
| 1-Year Return | -0.51% |
| 5-Year Return | 1.60% |
| 52-Week Low | 10.24 |
| 52-Week High | 10.91 |
| Beta (5Y) | 0.22 |
| Holdings | 124 |
| Inception Date | Dec 27, 1990 |
About EKVAX
Allspring Pennsylvania Tax-Free Fund Class A is a municipal bond mutual fund focused on generating current income that is exempt from both federal and Pennsylvania state individual income tax. The fund primarily invests at least 80% of its net assets in municipal securities whose interest payments qualify for these tax exemptions, including bonds issued by the Commonwealth of Pennsylvania and its subdivisions, authorities, and instrumentalities. It may also invest in municipal bonds from other U.S. territories and, to a lesser extent, securities subject to federal tax or below investment-grade debt. The fund’s strategy includes actively selecting securities based on factors like improving financial trends, favorable sector dynamics, and economic conditions, while maintaining a disciplined approach to risk. Through its targeted approach to tax-exempt fixed income, the fund serves investors seeking municipal bond exposure, particularly those residing in Pennsylvania who benefit from double tax-exempt interest income. Its performance is measured against relevant municipal bond benchmarks, reflecting its important role in the state-specific municipal bond market and its focus on income preservation and tax efficiency.
Performance
EKVAX had a total return of -0.51% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.21%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FPXTX | Fidelity | Fidelity Pennsylvania Municipal Income | 0.46% |
Top 10 Holdings
18.73% of assets| Name | Symbol | Weight |
|---|---|---|
| BUCKS CNTY PA WTR & SWR AUTH SWR SYS REV 5.25% | PA.BUCUTL 5.25 12.01.2047 | 2.47% |
| LANCASTER CNTY PA HOSP AUTH REV 5% | PA.LANMED 5 11.01.2051 | 2.24% |
| SOUTHCENTRAL PA GEN AUTH REV 2.9% | PA.SCAGEN 06.01.2035 | 2.19% |
| LEHIGH CNTY PA AUTH WTR & SWR REV 0% | PA.LEHWTR 0 12.01.2030 | 1.84% |
| INTERBORO SCH DIST PA DELAWARE CNTY 5.5% | PA.INTSCD 5.5 08.15.2063 | 1.70% |
| ALLEGHENY CNTY PA HOSP DEV AUTH REV 4% | PA.ALLMED 4 04.01.2044 | 1.69% |
| PENNSYLVANIA ECONOMIC DEV FING AUTH REV 5% | PA.PASDEV 5 08.01.2049 | 1.66% |
| PENNSYLVANIA ST HIGHER EDL FACS AUTH REV 5% | PA.PASHGR 5 08.15.2040 | 1.65% |
| PHILADELPHIA PA ARPT REV 5% | PA.PHIAPT 5 06.15.2030 | 1.65% |
| DELAWARE CNTY PA AUTH UNIV REV 5% | PA.DELHGR 5 10.01.2031 | 1.65% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.02855 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02814 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02836 | Jun 30, 2025 |
| May 30, 2025 | $0.02769 | May 30, 2025 |
| Apr 30, 2025 | $0.02834 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02818 | Mar 31, 2025 |