SCTCX

About SCTCX

Allspring California Tax-Free Fund Class C is a municipal bond mutual fund focused on providing investors with current income that is exempt from both federal and California state individual income taxes. The fund primarily invests in a diversified portfolio of municipal securities issued by the state of California, its subdivisions, authorities, and certain U.S. territories. Its strategy emphasizes active management of interest rate sensitivity, sector allocation, and credit quality through a combination of bottom-up credit research and top-down macroeconomic analysis. By targeting at least 80% of its assets to tax-exempt municipal bonds, the fund serves as a tool for California residents seeking tax-advantaged income. Key features include a minimum investment requirement of $1,000, monthly dividend distributions, and an expense ratio of 1.50%. The fund is classified in the Muni California Long category, typically holding bonds with durations exceeding six years, and maintains the flexibility to invest up to 10% in below investment-grade securities. In the broader municipal market, this fund plays an important role for investors seeking to manage state and federal tax liabilities while accessing the California municipal bond market.