Allspring California Tax-Free A (SCTAX)
| Fund Assets | 541.12M |
| Expense Ratio | 0.75% |
| Min. Investment | $1,000 |
| Turnover | 26.00% |
| Dividend (ttm) | 0.35 |
| Dividend Yield | 3.24% |
| Dividend Growth | 0.99% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 10.38 |
| YTD Return | -0.47% |
| 1-Year Return | -0.43% |
| 5-Year Return | -0.55% |
| 52-Week Low | 9.97 |
| 52-Week High | 10.78 |
| Beta (5Y) | n/a |
| Holdings | 234 |
| 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 -0.43% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.92%.
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 | 0.43% |
| FIJBX | Fidelity | Fidelity Advisor California Muni Inc Z | 0.40% |
| FCMQX | Fidelity | Fidelity Advisor California Muni Inc I | 0.53% |
| FCMTX | Fidelity | Fidelity Advisor California Muni Inc M | 0.67% |
Top 10 Holdings
18.27% of assets| Name | Symbol | Weight |
|---|---|---|
| 10 Year Treasury Note Future Sept 25 | n/a | 3.35% |
| CALIFORNIA HEALTH FACS FING AUTH REV 4% | CA.CASMED 4 08.15.2039 | 1.84% |
| CALIFORNIA ST 5% | CA.CAS 5 08.01.2046 | 1.83% |
| CALIFORNIA MUN FIN AUTH REV 5.25% | CA.CASFIN 5.25 06.01.2053 | 1.77% |
| CALIFORNIA HEALTH FACS FING AUTH REV 5% | CA.CASMED 5 08.15.2047 | 1.72% |
| UNIV CALIF REGTS MED CTR POOLED REV 2.35% | CA.UNVHGR 05.15.2045 | 1.64% |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 5.25% | CA.CASDEV 5.25 07.01.2054 | 1.57% |
| SANTA ANA CALIF UNI SCH DIST 0% | CA.SAASCD 0 08.01.2038 | 1.56% |
| BAY AREA TOLL AUTH CALIF TOLL BRDG REV 2.25% | CA.BAYTRN 04.01.2055 | 1.53% |
| HAYWARD CALIF UNI SCH DIST CTFS PARTN 5.25% | CA.HAYEDU 5.25 08.01.2052 | 1.46% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.0292 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02942 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02974 | Jun 30, 2025 |
| May 30, 2025 | $0.02929 | May 30, 2025 |
| Apr 30, 2025 | $0.0296 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02953 | Mar 31, 2025 |