Allspring Minnesota Tax-Free Fund - Class A (NMTFX)
| Fund Assets | 177.46M |
| Expense Ratio | 0.84% |
| Min. Investment | $1,000 |
| Turnover | 19.00% |
| Dividend (ttm) | 0.29 |
| Dividend Yield | 2.75% |
| Dividend Growth | -4.84% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Nov 28, 2025 |
| Previous Close | 10.55 |
| YTD Return | 3.09% |
| 1-Year Return | 1.86% |
| 5-Year Return | 2.44% |
| 52-Week Low | 9.89 |
| 52-Week High | 10.59 |
| Beta (5Y) | 0.20 |
| Holdings | 10 |
| Inception Date | Jan 12, 1988 |
About NMTFX
Allspring Minnesota Tax-Free Fund – Class A is a municipal bond mutual fund focused on generating current income that is exempt from federal and Minnesota individual income taxes. The portfolio primarily invests at least 80% of assets in Minnesota municipal securities, complemented by active management of duration, yield curve positioning, sector exposure, credit quality, and security selection to target total return drivers within the state’s muni market. The strategy blends bottom‑up credit research with top‑down macroeconomic analysis to identify relative‑value opportunities and pricing inefficiencies across Minnesota issuers. Its investable universe spans general obligation and revenue bonds tied to public finance areas such as infrastructure, education, healthcare, and essential services that underpin local and state economic activity. The fund may allocate up to a minority share to securities subject to federal income tax, including AMT, and typically operates with an intermediate to long effective maturity range under normal conditions. Within the U.S. municipal landscape, it serves investors seeking state-specific tax efficiency and exposure to Minnesota’s credit dynamics through a diversified, professionally managed fixed income approach.
Performance
NMTFX had a total return of 1.86% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.62%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FIMIX | Fidelity | Fidelity Minnesota Municipal Income Fund | 0.47% |
Top 10 Holdings
16.94% of assets| Name | Symbol | Weight |
|---|---|---|
| ROCHESTER MINN HEALTH CARE FACS REV 5% | MN.ROCMED 5 11.15.2057 | 2.61% |
| MINNESOTA ST CTFS PARTN 5% | MN.MNSCTF 5 11.01.2042 | 1.85% |
| MINNESOTA ST HSG FIN AGY 4.85% | MN.MNSHSG 4.85 07.01.2037 | 1.77% |
| WADENA MINN REV 5% | MN.WCCGEN 5 12.01.2045 | 1.70% |
| ST CLOUD MINN HEALTH CARE REV 4% | MN.SUDMED 4 05.01.2050 | 1.64% |
| MINNESOTA ST HSG FIN AGY 2.77% | MN.MNSHSG 01.01.2041 | 1.63% |
| MINNESOTA ST DEPT IRON RANGE RES & REHABILITATION REV 5% | MN.MNSDEV 5 10.01.2039 | 1.57% |
| MINNESOTA ST HIGHER ED FACS AUTH REV 4% | MN.MNSHGR 4 10.01.2046 | 1.45% |
| DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5.25% | MN.DULDEV 5.25 02.15.2053 | 1.42% |
| MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN ARPT REV 5% | MN.MINAPT 5 01.01.2052 | 1.30% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Nov 28, 2025 | $0.02488 | Nov 28, 2025 |
| Oct 31, 2025 | $0.0245 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02476 | Sep 30, 2025 |
| Aug 29, 2025 | $0.02489 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02462 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02467 | Jun 30, 2025 |