Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.
Allspring California Tax-Free A SCTAX
- NAV / 1-Day Return 10.52 / +0.31 %
- Total Assets 677.1 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.750%
- Distribution Fee Level Below Average
- Share Class Type Front Load
- Category Muni California Long
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 3.30%
- Effective Duration 8.20 years
USD | NAV as of May 04, 2024 | 1-Day Return as of May 04, 2024, 12:13 AM GMT+0
Morningstar’s Analysis SCTAX
Will SCTAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 16.1
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
10 Year Treasury Note Future June 24 | 2.45 | 16.9 Mil | Government |
LOS ANGELES CALIF DEPT WTR & PWR REV 5% | 2.26 | 15.6 Mil | municipal |
CALIFORNIA HEALTH FACS FING AUTH REV 4% | 1.51 | 10.4 Mil | municipal |
CALIFORNIA ST 5% | 1.49 | 10.2 Mil | municipal |
CALIFORNIA HEALTH FACS FING AUTH REV 5% | 1.48 | 10.2 Mil | municipal |
CALIFORNIA ST 4% | 1.45 | 10.0 Mil | municipal |
CALIFORNIA MUN FIN AUTH REV 5.25% | 1.45 | 10.0 Mil | municipal |
LONG BEACH CALIF UNI SCH DIST 4% | 1.41 | 9.8 Mil | municipal |
RIVERSIDE CNTY CALIF ASSET LEASING CORP LEASEHOLD REV 0% | 1.34 | 9.2 Mil | municipal |
SANTA ANA CALIF UNI SCH DIST 0% | 1.24 | 8.6 Mil | municipal |