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Trending ETFs

Allspring California Tax-Free Fund

mutual fund
SCTAX
Payout Change
Pending
Price as of:
$10.62 +0.01 +0.09%
primary theme
Municipal Bond
SCTAX (Mutual Fund)

Allspring California Tax-Free Fund

Payout Change
Pending
Price as of:
$10.62 +0.01 +0.09%
primary theme
Municipal Bond
SCTAX (Mutual Fund)

Allspring California Tax-Free Fund

Payout Change
Pending
Price as of:
$10.62 +0.01 +0.09%
primary theme
Municipal Bond

Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.62

$694 M

0.10%

$0.01

0.82%

Vitals

YTD Return

0.6%

1 yr return

4.2%

3 Yr Avg Return

-1.6%

5 Yr Avg Return

0.5%

Net Assets

$694 M

Holdings in Top 10

16.3%

52 WEEK LOW AND HIGH

$10.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.82%

SALES FEES

Front Load 4.50%

Deferred Load N/A

TRADING FEES

Turnover 9.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$250


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.62

$694 M

0.10%

$0.01

0.82%

SCTAX - Profile

Distributions

  • YTD Total Return 0.6%
  • 3 Yr Annualized Total Return -1.6%
  • 5 Yr Annualized Total Return 0.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.66%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Allspring California Tax-Free Fund
  • Fund Family Name
    Wells Fargo Funds
  • Inception Date
    Oct 06, 1988
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Adrian Van Poppel

SCTAX - Performance

Return Ranking - Trailing

Period SCTAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -2.9% 16.5% 57.57%
1 Yr 4.2% -1.4% 27.6% 43.69%
3 Yr -1.6%* -11.1% 2.8% 73.41%
5 Yr 0.5%* -6.3% 1102.2% 66.25%
10 Yr 2.0%* -0.5% 248.4% 39.02%

* Annualized

Return Ranking - Calendar

Period SCTAX Return Category Return Low Category Return High Rank in Category (%)
2023 2.1% -1.4% 41.0% 70.68%
2022 -12.8% -39.7% 0.3% 67.57%
2021 -0.9% -5.6% 6.9% 71.54%
2020 1.3% -2.6% 310.0% 72.13%
2019 3.7% 0.0% 26.0% 51.26%

Total Return Ranking - Trailing

Period SCTAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -2.9% 16.5% 57.57%
1 Yr 4.2% -1.4% 27.6% 43.69%
3 Yr -1.6%* -11.1% 2.8% 73.41%
5 Yr 0.5%* -6.3% 1102.2% 66.25%
10 Yr 2.0%* -0.5% 248.4% 39.02%

* Annualized

Total Return Ranking - Calendar

Period SCTAX Return Category Return Low Category Return High Rank in Category (%)
2023 5.5% -1.3% 41.0% 55.05%
2022 -10.1% -39.7% 1.1% 59.97%
2021 1.9% -4.8% 23761504.0% 42.49%
2020 3.8% -1.5% 17057.9% 48.13%
2019 7.3% 0.2% 3514.6% 27.86%

NAV & Total Return History


SCTAX - Holdings

Concentration Analysis

SCTAX Category Low Category High SCTAX % Rank
Net Assets 694 M 3.22 M 71.9 B 37.84%
Number of Holdings 279 2 13067 42.24%
Net Assets in Top 10 113 M -317 M 3.56 B 39.18%
Weighting of Top 10 16.31% 2.0% 100.2% 58.78%

Top 10 Holdings

  1. LOS ANGELES CA DEPT OF WTR PWR REVENUE 2.41%
  2. CALIFORNIA ST STWD CMNTYS DEV AUTH MFH REVENUE 2.13%
  3. MET WTR DIST OF STHRN CA WTRWKS REVENUE 1.61%
  4. CALIFORNIA ST HLTH FACS FING AUTH REVENUE 1.51%
  5. CALIFORNIA ST 1.49%
  6. CALIFORNIA ST 1.47%
  7. CALIFORNIA ST MUNI FIN AUTH REVENUE 1.46%
  8. CALIFORNIA ST HLTH FACS FING AUTH REVENUE 1.46%
  9. LONG BEACH CA UNIF SCH DIST 1.41%
  10. PLEASANTON CA UNIF SCH DIST 1.34%

Asset Allocation

Weighting Return Low Return High SCTAX % Rank
Bonds
101.67% 0.00% 150.86% 6.17%
Cash
0.23% -50.86% 46.80% 81.42%
Other
0.01% -3.18% 33.35% 13.58%
Stocks
0.00% 0.00% 99.81% 91.95%
Preferred Stocks
0.00% 0.00% 0.56% 94.28%
Convertible Bonds
0.00% 0.00% 0.93% 94.26%

Bond Sector Breakdown

Weighting Return Low Return High SCTAX % Rank
Municipal
97.30% 44.39% 100.00% 63.21%
Cash & Equivalents
0.23% 0.00% 46.24% 47.76%
Derivative
0.01% -3.18% 19.67% 8.32%
Securitized
0.00% 0.00% 5.93% 94.26%
Corporate
0.00% 0.00% 9.41% 94.52%
Government
0.00% 0.00% 52.02% 94.39%

Bond Geographic Breakdown

Weighting Return Low Return High SCTAX % Rank
US
101.67% 0.00% 142.23% 6.17%
Non US
0.00% 0.00% 23.89% 95.52%

SCTAX - Expenses

Operational Fees

SCTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.82% 0.01% 20.65% 41.87%
Management Fee 0.39% 0.00% 1.20% 37.53%
12b-1 Fee 0.00% 0.00% 1.00% 15.72%
Administrative Fee 0.16% 0.01% 0.44% 85.37%

Sales Fees

SCTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 0.50% 4.75% 10.76%
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

SCTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SCTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 9.00% 0.00% 283.00% 18.16%

SCTAX - Distributions

Dividend Yield Analysis

SCTAX Category Low Category High SCTAX % Rank
Dividend Yield 0.10% 0.00% 14.51% 21.36%

Dividend Distribution Analysis

SCTAX Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

SCTAX Category Low Category High SCTAX % Rank
Net Income Ratio 2.66% -0.53% 5.33% 13.28%

Capital Gain Distribution Analysis

SCTAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

SCTAX - Fund Manager Analysis

Managers

Adrian Van Poppel


Start Date

Tenure

Tenure Rank

Nov 01, 2009

12.59

12.6%

Adrian Van Poppel is a senior portfolio manager for the Municipal Fixed Income team at Allspring Global Investments. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). He joined WFAM in 1997 and was responsible for trading cash positions of repurchase agreements and sweep for all mutual funds. He earned a bachelor’s degree in business administration and economics as well as a master’s degree in financial analysis and investment management from Saint Mary’s College in Moraga, California. He is a member of the California Society of Municipal Analysts and the Municipal Bond Club of San Francisco.

Terry Goode


Start Date

Tenure

Tenure Rank

Jul 06, 2011

10.91

10.9%

Terry Goode is a senior portfolio manager for the Municipal Fixed Income team at Allspring Global Investments. He is responsible for managing national and state-specific mutual funds, insurance accounts, and separate accounts. Terry joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Before this, he served as head of the WFAM Tax-Exempt Research team, leading the group responsible for providing credit research to the Municipal Fixed Income team. Prior to joining WFAM, Terry performed similar research duties and provided bond ratings as a director at Standard & Poor’s Credit Market Services. He held a similar position with Wells Fargo Bank’s health care division. Terry earned a bachelor’s degree in economics from the University of California, Los Angeles, and a master’s degree in business administration with an emphasis in finance and investment strategy from the Haas School of Business at the University of California, Berkeley. Terry is a member of the National Federation of Municipal Analysts and the Society of Municipal Analysts and served as former chair and member of the California Society of Municipal Analysts.

Brandon Pae


Start Date

Tenure

Tenure Rank

Mar 28, 2019

3.18

3.2%

Mr. Pae joined Wells Capital Management Incorporated in 2012, where he currently serves as a Portfolio Manager.

Kim Nakahara


Start Date

Tenure

Tenure Rank

Sep 01, 2020

1.75

1.8%

Ms. Nakahara joined Wells Capital Management or one of its predecessor firms in 2014, where she currently serves as a Senior Research Analyst.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.36 1.58