Allspring Minnesota Tx-Fr C (WMTCX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
9.95
+0.04 (0.40%)
Sep 8, 2025, 4:00 PM EDT
0.40%
Fund Assets176.24M
Expense Ratio1.59%
Min. Investment$1,000
Turnover19.00%
Dividend (ttm)0.22
Dividend Yield2.18%
Dividend Growth-2.99%
Payout FrequencyMonthly
Ex-Dividend DateAug 29, 2025
Previous Close9.91
YTD Return-0.45%
1-Year Return-1.00%
5-Year Return-2.91%
52-Week Low9.63
52-Week High10.20
Beta (5Y)n/a
Holdings214
Inception DateApr 8, 2005

About WMTCX

Allspring Minnesota Tax-Free Fund - Class C is an open-end municipal bond fund focused on generating current income that is exempt from federal and Minnesota individual income taxes. The portfolio primarily holds investment-grade municipal securities issued within Minnesota, providing exposure to essential-service revenue bonds and general obligation debt that finance public infrastructure and community projects. The strategy blends bottom-up credit research with top-down macro analysis, actively managing duration, yield-curve positioning, sector mix, and credit quality to pursue risk-adjusted total return. Management emphasizes relative value and security selection to capitalize on pricing inefficiencies in the municipal market. As a state-specific fund within the municipal fixed income asset class, it serves investors seeking tax-advantaged income aligned with Minnesota residency and state tax considerations, while offering diversification across issuers and sectors typical of the municipal market. Performance is commonly evaluated against broad municipal benchmarks and state-focused peer groups, with risk metrics such as duration, tracking error, and upside/downside capture informing its role in income-oriented, tax-sensitive portfolios.

Fund Family Allspring Global Investments
Category Muni Minnesota
Stock Exchange NASDAQ
Ticker Symbol WMTCX
Share Class Class C
Index Bloomberg Municipal Bond TR

Performance

WMTCX had a total return of -1.00% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.85%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

SymbolProviderNameExpense Ratio
FIMIXFidelityFidelity Minnesota Municipal Income0.47%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

SymbolShare ClassExpense Ratio
WMTIXInstitutional Class0.52%
NWMIXAdministrator Class0.60%
NMTFXClass A0.84%

Top 10 Holdings

16.61% of assets
NameSymbolWeight
ROCHESTER MINN HEALTH CARE FACS REV 5%MN.ROCMED 5 11.15.20572.68%
MINNESOTA ST CTFS PARTN 5%MN.MNSCTF 5 11.01.20421.85%
MINNESOTA ST HSG FIN AGY 4.85%MN.MNSHSG 4.85 07.01.20371.80%
WADENA MINN REV 5%MN.WCCGEN 5 12.01.20451.71%
ST CLOUD MINN HEALTH CARE REV 4%MN.SUDMED 4 05.01.20501.60%
MINNESOTA ST DEPT IRON RANGE RES & REHABILITATION REV 5%MN.MNSDEV 5 10.01.20391.59%
DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5.25%MN.DULDEV 5.25 02.15.20531.47%
MINNESOTA ST HIGHER ED FACS AUTH REV 4%MN.MNSHGR 4 10.01.20461.39%
MINNESOTA ST 5%MN.MNS 5 08.01.20341.32%
MINNEAPOLIS MINN HEALTH CARE SYS REV 5%MN.MINMED 5 11.15.20331.19%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Aug 29, 2025$0.01863Aug 29, 2025
Jul 31, 2025$0.01838Jul 31, 2025
Jun 30, 2025$0.01851Jun 30, 2025
May 30, 2025$0.0173May 30, 2025
Apr 30, 2025$0.01789Apr 30, 2025
Mar 31, 2025$0.01692Mar 31, 2025
Full Dividend History