Allspring Minnesota Tx-Fr A (NMTFX)
| Fund Assets | 176.24M |
| Expense Ratio | 0.84% |
| Min. Investment | $1,000 |
| Turnover | 19.00% |
| Dividend (ttm) | 0.29 |
| Dividend Yield | 2.81% |
| Dividend Growth | 1.28% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 10.01 |
| YTD Return | 0.28% |
| 1-Year Return | 0.46% |
| 5-Year Return | 1.19% |
| 52-Week Low | 9.63 |
| 52-Week High | 10.19 |
| Beta (5Y) | 0.19 |
| Holdings | 214 |
| 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 0.46% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.74%.
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 | 0.47% |
Top 10 Holdings
16.61% of assets| Name | Symbol | Weight |
|---|---|---|
| ROCHESTER MINN HEALTH CARE FACS REV 5% | MN.ROCMED 5 11.15.2057 | 2.68% |
| 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 | 1.80% |
| WADENA MINN REV 5% | MN.WCCGEN 5 12.01.2045 | 1.71% |
| ST CLOUD MINN HEALTH CARE REV 4% | MN.SUDMED 4 05.01.2050 | 1.60% |
| MINNESOTA ST DEPT IRON RANGE RES & REHABILITATION REV 5% | MN.MNSDEV 5 10.01.2039 | 1.59% |
| DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5.25% | MN.DULDEV 5.25 02.15.2053 | 1.47% |
| MINNESOTA ST HIGHER ED FACS AUTH REV 4% | MN.MNSHGR 4 10.01.2046 | 1.39% |
| MINNESOTA ST 5% | MN.MNS 5 08.01.2034 | 1.32% |
| MINNEAPOLIS MINN HEALTH CARE SYS REV 5% | MN.MINMED 5 11.15.2033 | 1.19% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.02489 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02462 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02467 | Jun 30, 2025 |
| May 30, 2025 | $0.02372 | May 30, 2025 |
| Apr 30, 2025 | $0.02394 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02357 | Mar 31, 2025 |