SCTAX

About SCTAX

Allspring California Tax-Free Fund Class A is a municipal fixed income mutual fund designed to provide investors with current income that is exempt from both federal and California state income taxes. The fund primarily invests in a diversified portfolio of municipal securities issued within California, making it especially attractive to California residents seeking tax-advantaged income. Its focus is on the long-term segment of the municipal bond market, with an effective duration of roughly 7.6 years, resulting in heightened sensitivity to interest rate changes and a portfolio maturity profile typically exceeding 12 years. The fund employs a blend of bottom-up credit research and top-down macroeconomic analysis to manage risk and seize opportunities across sectors and credit qualities. By actively managing duration, yield-curve positioning, and security selection, the team aims to generate returns while maintaining high credit standards. The fund may allocate up to 10% of its assets to below investment-grade municipalities. Within the broader market, Allspring California Tax-Free Fund Class A plays a significant role for investors seeking stable, tax-exempt income and diversified exposure to California’s municipal bond market. Its risk/return profile and sector allocations are especially relevant for individuals in higher tax brackets and those seeking to preserve capital while minimizing tax liabilities.