About SGCAX
Allspring California Tax-Free Fund - Administrator Class is a municipal fixed income mutual fund focused on generating income that is exempt from both federal and California state individual income taxes. Managed by Allspring Global Investments, the fund primarily invests at least 80% of its net assets in a diversified portfolio of municipal securities, such as bonds issued by California state entities, subdivisions, authorities, and eligible U.S. territories, whose interest payments qualify for tax-exempt status.
Its investment strategy involves a combination of bottom-up credit research and top-down macroeconomic analysis, targeting excess returns through active management of duration, yield-curve positioning, sector and credit-quality allocation, and security selection. The fund may hold up to 10% of assets in below investment-grade municipal securities and up to 10% in inverse floaters. Allspring California Tax-Free Fund is designed to appeal especially to California residents seeking stable, tax-advantaged income, and it maintains a moderate expense ratio relative to its category. Since its inception in 1997, it has played a significant role in the tax-exempt municipal market, with a diversified portfolio and a consistent monthly income payout for its investors.
Fund Family Allspring Global Investments
Category Muni California Long
Stock Exchange NASDAQ
Ticker Symbol SGCAX
Share Class Administrator Class
Index Bloomberg Municipal Bond TR
SGCAX had a total return of -2.24% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.77%.
