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Morningstar

Allspring California Tax-Free A SCTAX

Morningstar Medalist Rating
Medalist Rating as of | See Allspring Investment Hub
  • NAV / 1-Day Return 10.52  /  0.20 %
  • Total Assets 696.6 Mil
  • Adj. Expense Ratio
    0.750%
  • 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 3.25%
  • Effective Duration 9.45 years

USD | NAV as of Dec 06, 2023 | 1-Day Return as of Dec 06, 2023, 1:00 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.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SCTAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the SCTAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of SCTAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Allspring California Tax-Free A to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings SCTAX

More SCTAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 280
  • Other Holdings 2
  • % Assets in Top 10 Holdings 16.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

10 Year Treasury Note Future Mar 24

4.78
34,805,609
Government

Allspring Municipal Cash Mgmt MMktInst

1.72
12,547,078
Cash and Equivalents

METROPOLITAN WTR DIST SOUTHN CALIF WTRWRKS REV 5%

1.51
10,985,182
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 4%

1.45
10,554,937
municipal

CALIFORNIA ST 5%

1.41
10,301,610
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 5%

1.39
10,146,344
municipal

CALIFORNIA ST 4%

1.39
10,140,696
municipal

CALIFORNIA MUN FIN AUTH REV 5.25%

1.38
10,073,828
municipal

LONG BEACH CALIF UNI SCH DIST 4%

1.37
9,958,014
municipal

ANAHEIM CALIF PUB FING AUTH LEASE REV 0%

1.29
9,408,291
municipal