EKVCX

About EKVCX

Allspring Pennsylvania Tax-Free Fund – Class C is a municipal bond mutual fund designed to provide investors with current income that is exempt from federal income tax as well as Pennsylvania individual income tax. The fund primarily invests at least 80% of its assets in a diversified portfolio of municipal securities issued by Pennsylvania state and local governments and agencies, whose interest payments are typically tax-exempt for Pennsylvania residents. A distinguishing feature of this fund is its focus on delivering tax-advantaged income, making it particularly relevant for investors seeking to enhance after-tax returns, especially those residing in Pennsylvania. Up to 20% of the fund’s assets may be allocated to securities subject to federal tax, including those liable to the federal Alternative Minimum Tax. Allspring Pennsylvania Tax-Free Fund – Class C is actively managed with the goal of preserving capital and providing income stability, while responding to local and broader municipal market conditions. In the broader financial market, it serves as an important vehicle for tax-sensitive investors looking to participate in the municipal bond sector while mitigating their federal and state tax liabilities.