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Morningstar

Allspring California Tax-Free Admin SGCAX

Morningstar Medalist Rating
Medalist Rating as of | See Allspring Investment Hub
  • NAV / 1-Day Return 10.66  /  +0.12 %
  • Total Assets 668.3 Mil
  • Adj. Expense Ratio
    0.550%
  • Expense Ratio 0.550%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Muni California Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 3.49%
  • Effective Duration 7.59 years

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:17 PM GMT+0

Morningstar’s Analysis SGCAX

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

  • People Pillar

    The People Pillar is our evaluation of the SGCAX 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 SGCAX’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 Admin to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings SGCAX

More SGCAX 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 Sept 24

2.57 17.6 Mil
Government

SAN FRANCISCO CALIF CMNTY COLLEGE DIST 5.25%

2.46 16.8 Mil
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 4%

1.54 10.5 Mil
municipal

CALIFORNIA ST 5%

1.50 10.2 Mil
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 5%

1.50 10.2 Mil
municipal

CALIFORNIA MUN FIN AUTH REV 5.25%

1.49 10.2 Mil
municipal

CALIFORNIA ST 4%

1.49 10.2 Mil
municipal

LONG BEACH CALIF UNI SCH DIST 4%

1.46 10.0 Mil
municipal

RIVERSIDE CNTY CALIF ASSET LEASING CORP LEASEHOLD REV 0%

1.36 9.3 Mil
municipal

SANTA ANA CALIF UNI SCH DIST 0%

1.29 8.8 Mil
municipal