Allspring California Tax-Free Fund - Class Inst (SGTIX)
| Fund Assets | 551.64M |
| Expense Ratio | 0.48% |
| Min. Investment | $1,000,000 |
| Turnover | 26.00% |
| Dividend (ttm) | 0.38 |
| Dividend Yield | 3.77% |
| Dividend Growth | 0.74% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | n/a |
| Previous Close | 10.11 |
| YTD Return | -3.67% |
| 1-Year Return | -2.87% |
| 5-Year Return | -3.66% |
| 52-Week Low | 9.99 |
| 52-Week High | 10.80 |
| Beta (5Y) | n/a |
| Holdings | 10 |
| Inception Date | Oct 31, 2014 |
About SGTIX
Allspring California Tax-Free Fund – Institutional Class is a municipal fixed income mutual fund designed to deliver tax-free income by investing primarily in a diversified portfolio of municipal securities that are exempt from both federal and California state income taxes. Its primary function is to provide investors, particularly those subject to California state taxes, with an opportunity for income while preserving capital. The fund actively manages key drivers of performance—including duration, yield curve positioning, sector and credit-quality allocation, and individual security selection—using a combination of bottom-up credit research and top-down macroeconomic analysis. It employs a relative-value approach, seeking to capitalize on shifting market trends and pricing inefficiencies within the state's municipal bond market. The Institutional Class is notable for its competitive expense structure, maintaining a cost advantage versus peers, while catering to large institutional investors requiring a minimum initial investment. The fund plays a significant role as a vehicle for tax-advantaged income within the broader context of California’s municipal finance markets, impacting public infrastructure, education, and essential services through its investment choices.
Performance
SGTIX had a total return of -2.87% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.45%.
Top 10 Holdings
17.89% of assets| Name | Symbol | Weight |
|---|---|---|
| 10 Year Treasury Note Future Sept 25 | n/a | 3.30% |
| CALIFORNIA HEALTH FACS FING AUTH REV 4% | CA.CASMED 4 08.15.2039 | 1.81% |
| 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 | 1.74% |
| CALIFORNIA HEALTH FACS FING AUTH REV 5% | CA.CASMED 5 08.15.2047 | 1.71% |
| SANTA ANA CALIF UNI SCH DIST 0% | CA.SAASCD 0 08.01.2038 | 1.57% |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 5.25% | CA.CASDEV 5.25 07.01.2054 | 1.57% |
| LONG BEACH CALIF UNI SCH DIST 4% | CA.LONSCD 4 08.01.2053 | 1.55% |
| 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 | $0.03195 | Jun 30, 2025 |
| May 30, 2025 | $0.03159 | May 30, 2025 |
| Apr 30, 2025 | $0.03193 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03152 | Mar 31, 2025 |
| Feb 28, 2025 | $0.03188 | Feb 28, 2025 |
| Jan 31, 2025 | $0.03154 | Jan 31, 2025 |