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Morningstar

Allspring California Tax-Free C SCTCX

Morningstar Medalist Rating
Medalist Rating as of | See Allspring Investment Hub
  • NAV / 1-Day Return 10.24  /  0.21 %
  • Total Assets 704.4 Mil
  • Adj. Expense Ratio
    1.500%
  • Expense Ratio 1.500%
  • Distribution Fee Level Average
  • Share Class Type Level Load
  • Category Muni California Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.56%
  • Effective Duration 7.94 years

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 10:20 PM GMT+0

Morningstar’s Analysis SCTCX

Will SCTCX 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 SCTCX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the SCTCX 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 SCTCX’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 C to a Morningstar Medalist Rating of Negative.

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 highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings SCTCX

More SCTCX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 293
  • Other Holdings 3
  • % Assets in Top 10 Holdings 20.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Future on 10 Year Treasury Note

8.68
67,507,000
Government

METROPOLITAN WTR DIST SOUTHN CALIF WTRWRKS REV 5%

1.39
10,804,726
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 4%

1.35
10,500,558
municipal

CALIFORNIA ST 5%

1.33
10,367,807
municipal

ILLINOIS ST 5%

1.31
10,170,355
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 5%

1.29
10,054,249
municipal

CALIFORNIA MUN FIN AUTH REV 5.25%

1.29
10,025,426
municipal

LONG BEACH CALIF UNI SCH DIST 4%

1.22
9,498,522
municipal

ANAHEIM CALIF PUB FING AUTH LEASE REV 0%

1.19
9,289,498
municipal

CALIFORNIA STATEWIDE CMNTYS DEV AUTH MULTIFAMILY HSG REV 4.13%

1.16
9,020,000
municipal