Allspring California Tax-Free Fund - Class C (SCTCX)
| Fund Assets | 551.64M |
| Expense Ratio | 1.50% |
| Min. Investment | $1,000 |
| Turnover | 26.00% |
| Dividend (ttm) | 0.28 |
| Dividend Yield | 2.70% |
| Dividend Growth | 0.71% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | n/a |
| Previous Close | 10.27 |
| YTD Return | -3.50% |
| 1-Year Return | -2.70% |
| 5-Year Return | -6.89% |
| 52-Week Low | 10.17 |
| 52-Week High | 11.00 |
| Beta (5Y) | n/a |
| Holdings | 238 |
| Inception Date | Jul 1, 1993 |
About SCTCX
Allspring California Tax-Free Fund Class C is a municipal bond mutual fund focused on providing investors with current income that is exempt from both federal and California state individual income taxes. The fund primarily invests in a diversified portfolio of municipal securities issued by the state of California, its subdivisions, authorities, and certain U.S. territories. Its strategy emphasizes active management of interest rate sensitivity, sector allocation, and credit quality through a combination of bottom-up credit research and top-down macroeconomic analysis. By targeting at least 80% of its assets to tax-exempt municipal bonds, the fund serves as a tool for California residents seeking tax-advantaged income. Key features include a minimum investment requirement of $1,000, monthly dividend distributions, and an expense ratio of 1.50%. The fund is classified in the Muni California Long category, typically holding bonds with durations exceeding six years, and maintains the flexibility to invest up to 10% in below investment-grade securities. In the broader municipal market, this fund plays an important role for investors seeking to manage state and federal tax liabilities while accessing the California municipal bond market.
Performance
SCTCX had a total return of -2.70% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.17%.
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% |
Top 10 Holdings
17.78% of assets| Name | Symbol | Weight |
|---|---|---|
| 10 Year Treasury Note Future Sept 25 | n/a | 3.25% |
| CALIFORNIA HEALTH FACS FING AUTH REV 4% | CA.CASMED 4 08.15.2039 | 1.80% |
| CALIFORNIA ST 5% | CA.CAS 5 08.01.2046 | 1.78% |
| CALIFORNIA MUN FIN AUTH REV 5.25% | CA.CASFIN 5.25 06.01.2053 | 1.73% |
| CALIFORNIA HEALTH FACS FING AUTH REV 5% | CA.CASMED 5 08.15.2047 | 1.70% |
| LONG BEACH CALIF UNI SCH DIST 4% | CA.LONSCD 4 08.01.2053 | 1.57% |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 5.25% | CA.CASDEV 5.25 07.01.2054 | 1.56% |
| SANTA ANA CALIF UNI SCH DIST 0% | CA.SAASCD 0 08.01.2038 | 1.54% |
| HAYWARD CALIF UNI SCH DIST CTFS PARTN 5.25% | CA.HAYEDU 5.25 08.01.2052 | 1.43% |
| SAN BERNARDINO CALIF CITY UNI SCH DIST 5% | CA.SBDSCD 5 08.01.2040 | 1.42% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2025 | $0.0238 | Jun 30, 2025 |
| May 30, 2025 | $0.0231 | May 30, 2025 |
| Apr 30, 2025 | $0.02373 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02277 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02403 | Feb 28, 2025 |
| Jan 31, 2025 | $0.02285 | Jan 31, 2025 |