EKVAX

About EKVAX

Allspring Pennsylvania Tax-Free Fund Class A is a municipal bond mutual fund focused on generating current income that is exempt from both federal and Pennsylvania state individual income tax. The fund primarily invests at least 80% of its net assets in municipal securities whose interest payments qualify for these tax exemptions, including bonds issued by the Commonwealth of Pennsylvania and its subdivisions, authorities, and instrumentalities. It may also invest in municipal bonds from other U.S. territories and, to a lesser extent, securities subject to federal tax or below investment-grade debt. The fund’s strategy includes actively selecting securities based on factors like improving financial trends, favorable sector dynamics, and economic conditions, while maintaining a disciplined approach to risk. Through its targeted approach to tax-exempt fixed income, the fund serves investors seeking municipal bond exposure, particularly those residing in Pennsylvania who benefit from double tax-exempt interest income. Its performance is measured against relevant municipal bond benchmarks, reflecting its important role in the state-specific municipal bond market and its focus on income preservation and tax efficiency.