Allspring California Tax-Free Fund - Class A (SCTAX)
| Fund Assets | 546.74M |
| Expense Ratio | 0.75% |
| Min. Investment | $1,000 |
| Turnover | 14.00% |
| Dividend (ttm) | 0.35 |
| Dividend Yield | 3.20% |
| Dividend Growth | 1.09% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 10.51 |
| YTD Return | 1.00% |
| 1-Year Return | 3.60% |
| 5-Year Return | -0.19% |
| 52-Week Low | 10.16 |
| 52-Week High | 11.01 |
| Beta (5Y) | n/a |
| Holdings | 10 |
| Inception Date | Oct 6, 1988 |
About SCTAX
Allspring California Tax-Free Fund Class A is a municipal fixed income mutual fund designed to provide investors with current income that is exempt from both federal and California state income taxes. The fund primarily invests in a diversified portfolio of municipal securities issued within California, making it especially attractive to California residents seeking tax-advantaged income. Its focus is on the long-term segment of the municipal bond market, with an effective duration of roughly 7.6 years, resulting in heightened sensitivity to interest rate changes and a portfolio maturity profile typically exceeding 12 years. The fund employs a blend of bottom-up credit research and top-down macroeconomic analysis to manage risk and seize opportunities across sectors and credit qualities. By actively managing duration, yield-curve positioning, and security selection, the team aims to generate returns while maintaining high credit standards. The fund may allocate up to 10% of its assets to below investment-grade municipalities. Within the broader market, Allspring California Tax-Free Fund Class A plays a significant role for investors seeking stable, tax-exempt income and diversified exposure to California’s municipal bond market. Its risk/return profile and sector allocations are especially relevant for individuals in higher tax brackets and those seeking to preserve capital while minimizing tax liabilities.
Performance
SCTAX had a total return of 3.60% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.85%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FCMAX | Fidelity | Fidelity Advisor California Municipal Income Fund - Class A | 0.76% |
| FCTFX | Fidelity | Fidelity California Municipal Income Fund | 0.43% |
| FIJBX | Fidelity | Fidelity Advisor California Municipal Income Fund - Class Z | 0.40% |
| FCMQX | Fidelity | Fidelity Advisor California Municipal Income Fund - Class I | 0.53% |
| FCMTX | Fidelity | Fidelity Advisor California Municipal Income Fund - Class M | 0.67% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.02899 | Jan 30, 2026 |
| Dec 31, 2025 | $0.02933 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02944 | Nov 28, 2025 |
| Oct 31, 2025 | $0.0289 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02876 | Sep 30, 2025 |
| Aug 29, 2025 | $0.0292 | Aug 29, 2025 |