Allspring Minnesota Tx-Fr C (WMTCX)
Fund Assets | 176.24M |
Expense Ratio | 1.59% |
Min. Investment | $1,000 |
Turnover | 19.00% |
Dividend (ttm) | 0.22 |
Dividend Yield | 2.18% |
Dividend Growth | -2.99% |
Payout Frequency | Monthly |
Ex-Dividend Date | Aug 29, 2025 |
Previous Close | 9.91 |
YTD Return | -0.45% |
1-Year Return | -1.00% |
5-Year Return | -2.91% |
52-Week Low | 9.63 |
52-Week High | 10.20 |
Beta (5Y) | n/a |
Holdings | 214 |
Inception Date | Apr 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.
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.
Symbol | Provider | Name | Expense Ratio |
---|---|---|---|
FIMIX | Fidelity | Fidelity Minnesota Municipal Income | 0.47% |
Top 10 Holdings
16.61% of assetsName | Symbol | Weight |
---|---|---|
ROCHESTER MINN HEALTH CARE FACS REV 5% | MN.ROCMED 5 11.15.2057 | 2.68% |
MINNESOTA ST CTFS PARTN 5% | MN.MNSCTF 5 11.01.2042 | 1.85% |
MINNESOTA ST HSG FIN AGY 4.85% | MN.MNSHSG 4.85 07.01.2037 | 1.80% |
WADENA MINN REV 5% | MN.WCCGEN 5 12.01.2045 | 1.71% |
ST CLOUD MINN HEALTH CARE REV 4% | MN.SUDMED 4 05.01.2050 | 1.60% |
MINNESOTA ST DEPT IRON RANGE RES & REHABILITATION REV 5% | MN.MNSDEV 5 10.01.2039 | 1.59% |
DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5.25% | MN.DULDEV 5.25 02.15.2053 | 1.47% |
MINNESOTA ST HIGHER ED FACS AUTH REV 4% | MN.MNSHGR 4 10.01.2046 | 1.39% |
MINNESOTA ST 5% | MN.MNS 5 08.01.2034 | 1.32% |
MINNEAPOLIS MINN HEALTH CARE SYS REV 5% | MN.MINMED 5 11.15.2033 | 1.19% |
Dividend History
Ex-Dividend | Amount | Pay Date |
---|---|---|
Aug 29, 2025 | $0.01863 | Aug 29, 2025 |
Jul 31, 2025 | $0.01838 | Jul 31, 2025 |
Jun 30, 2025 | $0.01851 | Jun 30, 2025 |
May 30, 2025 | $0.0173 | May 30, 2025 |
Apr 30, 2025 | $0.01789 | Apr 30, 2025 |
Mar 31, 2025 | $0.01692 | Mar 31, 2025 |