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.
Fund Family Allspring Global Investments
Category Muni California Long
Performance Rating Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol SGTIX
Share Class Institutional Class
Index Bloomberg Municipal Bond TR
SGTIX had a total return of -0.93% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.67%.
