Allspring California Tax-Free Fund - Class A (SCTAX)

Fund Assets	538.84M
Expense Ratio	0.75%
Min. Investment	$1,000
Turnover	25.00%
Dividend (ttm)	0.35
Dividend Yield	3.55%
Dividend Growth	-0.09%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.84
YTD Return	-3.00%
1-Year Return	-1.81%
5-Year Return	-0.41%
52-Week Low	9.72
52-Week High	10.55
Beta (5Y)	0.05
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.

• Fund Family: Allspring Global Investments
• Category: Muni California Long
• Performance Rating: Average
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: SCTAX
• Share Class: Class A
• Index: Bloomberg Municipal Bond TR

Performance

SCTAX had a total return of -1.81% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.91%.

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 Muni Inc A	0.76%
FCTFX	Fidelity	Fidelity California Municipal Income Fund	0.43%
FIJBX	Fidelity	Fidelity Advisor California Muni Inc Z	0.40%
FCMQX	Fidelity	Fidelity Advisor California Muni Inc I	0.52%
FCMTX	Fidelity	Fidelity Advisor California Muni Inc M	0.67%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
SGTIX	Institutional Class	0.48%
SCTCX	Class C	1.50%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.02979	Sep 30, 2026
Aug 31, 2026	$0.02925	Aug 31, 2026
Jul 31, 2026	$0.02906	Jul 31, 2026
Jun 30, 2026	$0.02924	Jun 30, 2026
May 29, 2026	$0.02916	May 29, 2026
Apr 30, 2026	$0.02962	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 4, 2026

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