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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 10.49  /  −0.09 %
  • Total Assets 678.8 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 3.24%
  • Effective Duration 7.94 years

USD | NAV as of Apr 19, 2024 | 1-Day Return as of Apr 19, 2024, 12:01 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-costliest 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 —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 16.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

10 Year Treasury Note Future June 24

2.39 17.4 Mil
Government

LOS ANGELES CALIF DEPT WTR & PWR REV 5%

2.30 16.7 Mil
municipal

CALIFORNIA STATEWIDE CMNTYS DEV AUTH MULTIFAMILY HSG REV 3.44%

2.04 14.8 Mil
municipal

METROPOLITAN WTR DIST SOUTHN CALIF WTRWRKS REV 5%

1.54 11.2 Mil
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 4%

1.45 10.5 Mil
municipal

CALIFORNIA ST 5%

1.42 10.3 Mil
municipal

CALIFORNIA ST 4%

1.41 10.2 Mil
municipal

CALIFORNIA MUN FIN AUTH REV 5.25%

1.40 10.2 Mil
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 5%

1.40 10.2 Mil
municipal

LONG BEACH CALIF UNI SCH DIST 4%

1.35 9.8 Mil
municipal