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Allspring California Tax-Free Fund
mutual fund
SCTAX
Payout Change
Pending
Price as of:
$10.54
+0.0
+0.0%
primary theme
Municipal Bond
share class
SCTAX (Mutual Fund)
Allspring California Tax-Free Fund
Payout Change
Pending
Price as of:
$10.54
+0.0
+0.0%
primary theme
Municipal Bond
share class
SCTAX (Mutual Fund)
Allspring California Tax-Free Fund
Payout Change
Pending
Price as of:
$10.54
+0.0
+0.0%
primary theme
Municipal Bond
share class
Name
As of 12/24/2024Price
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
Vitals
YTD Return
1.5%
1 yr return
1.7%
3 Yr Avg Return
-1.4%
5 Yr Avg Return
0.2%
Net Assets
$694 M
Holdings in Top 10
16.6%
52 WEEK LOW AND HIGH
$10.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.83%
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 12/24/2024Price
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
SCTAX - Profile
Distributions
- YTD Total Return 1.5%
- 3 Yr Annualized Total Return -1.4%
- 5 Yr Annualized Total Return 0.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.66%
- Dividend Yield 3.3%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameAllspring California Tax-Free Fund
-
Fund Family NameWells Fargo Funds
-
Inception DateOct 06, 1988
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAdrian Van Poppel
SCTAX - Performance
Return Ranking - Trailing
| Period | SCTAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.5% | -7.3% | 37.5% | 56.08% |
| 1 Yr | 1.7% | -7.4% | 37.6% | 56.28% |
| 3 Yr | -1.4%* | -11.8% | 5.1% | 71.65% |
| 5 Yr | 0.2%* | -7.4% | 1103.2% | 72.74% |
| 10 Yr | 1.7%* | -1.1% | 248.8% | 45.25% |
* Annualized
Return Ranking - Calendar
| Period | SCTAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.1% | -1.4% | 41.0% | 71.38% |
| 2022 | -12.8% | -39.7% | 0.3% | 66.96% |
| 2021 | -0.9% | -5.6% | 6.9% | 72.65% |
| 2020 | 1.3% | -2.6% | 310.0% | 71.99% |
| 2019 | 3.7% | 0.0% | 26.0% | 52.20% |
Total Return Ranking - Trailing
| Period | SCTAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.5% | -7.3% | 37.5% | 56.08% |
| 1 Yr | 1.7% | -7.4% | 37.6% | 56.28% |
| 3 Yr | -1.4%* | -11.8% | 5.1% | 71.65% |
| 5 Yr | 0.2%* | -7.4% | 1103.2% | 72.74% |
| 10 Yr | 1.7%* | -1.1% | 248.8% | 45.25% |
* Annualized
Total Return Ranking - Calendar
| Period | SCTAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.5% | -1.3% | 41.0% | 55.62% |
| 2022 | -10.1% | -39.7% | 1.1% | 59.32% |
| 2021 | 1.9% | -4.8% | 23761504.0% | 43.09% |
| 2020 | 3.8% | -1.5% | 17057.9% | 47.83% |
| 2019 | 7.3% | 0.2% | 3514.6% | 28.37% |
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 | 39.18% |
| Number of Holdings | 254 | 4 | 13418 | 47.08% |
| Net Assets in Top 10 | 107 M | -317 M | 3.09 B | 42.04% |
| Weighting of Top 10 | 16.57% | 1.8% | 100.3% | 55.17% |
Top 10 Holdings
- SAN FRANCISCO CA CMNTY CLG DIST 2.62%
- CALIFORNIA ST HLTH FACS FING AUTH REVENUE 1.63%
- CALIFORNIA ST MUNI FIN AUTH REVENUE 1.61%
- CALIFORNIA ST 1.59%
- CALIFORNIA ST 1.59%
- CALIFORNIA ST HLTH FACS FING AUTH REVENUE 1.59%
- LONG BEACH CA UNIF SCH DIST 1.54%
- CALIFORNIA ST INFRASTRUCTURE ECON DEV BANK REVENUE 1.48%
- RIVERSIDE CNTY CA ASSET LEASING CORP LEASEHOLD REVENUE 1.47%
- SANTA ANA CA UNIF SCH DIST 1.44%
Asset Allocation
| Weighting | Return Low | Return High | SCTAX % Rank | |
|---|---|---|---|---|
| Bonds | 99.18% | 0.00% | 150.86% | 41.54% |
| Cash | 0.83% | -50.86% | 44.62% | 59.17% |
| Stocks | 0.00% | 0.00% | 99.77% | 97.79% |
| Preferred Stocks | 0.00% | 0.00% | 0.07% | 97.38% |
| Convertible Bonds | 0.00% | 0.00% | 0.93% | 77.41% |
| Other | -0.01% | -3.69% | 53.54% | 94.43% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | SCTAX % Rank | |
|---|---|---|---|---|
| Municipal | 97.30% | 44.39% | 100.00% | 62.58% |
| Cash & Equivalents | 0.06% | 0.00% | 44.41% | 51.85% |
| Securitized | 0.00% | 0.00% | 5.93% | 76.13% |
| Corporate | 0.00% | 0.00% | 9.41% | 80.51% |
| Government | 0.00% | 0.00% | 52.02% | 78.83% |
| Derivative | -0.01% | -3.69% | 53.54% | 94.49% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | SCTAX % Rank | |
|---|---|---|---|---|
| US | 99.18% | 0.00% | 142.23% | 39.56% |
| Non US | 0.00% | 0.00% | 23.89% | 97.65% |
SCTAX - Expenses
Operational Fees
| SCTAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.83% | 0.01% | 8.02% | 40.66% |
| Management Fee | 0.39% | 0.00% | 1.20% | 38.26% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 16.34% |
| Administrative Fee | 0.16% | 0.01% | 0.44% | 87.37% |
Sales Fees
| SCTAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 4.50% | 0.50% | 4.75% | 12.07% |
| 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% | 18.08% |
SCTAX - Distributions
Dividend Yield Analysis
| SCTAX | Category Low | Category High | SCTAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.31% | 0.00% | 14.51% | 21.61% |
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% | 13.60% |
Capital Gain Distribution Analysis
| SCTAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.029 | OrdinaryDividend |
| Oct 31, 2024 | $0.029 | OrdinaryDividend |
| Sep 30, 2024 | $0.029 | OrdinaryDividend |
| Aug 30, 2024 | $0.029 | OrdinaryDividend |
| Jul 31, 2024 | $0.029 | OrdinaryDividend |
| Apr 30, 2024 | $0.029 | OrdinaryDividend |
| Mar 28, 2024 | $0.029 | OrdinaryDividend |
| Feb 28, 2024 | $0.029 | OrdinaryDividend |
| Jan 31, 2024 | $0.028 | OrdinaryDividend |
| Dec 29, 2023 | $0.029 | OrdinaryDividend |
| Nov 30, 2023 | $0.030 | OrdinaryDividend |
| Oct 31, 2023 | $0.030 | OrdinaryDividend |
| Sep 29, 2023 | $0.029 | OrdinaryDividend |
| Aug 31, 2023 | $0.029 | OrdinaryDividend |
| Jul 31, 2023 | $0.028 | OrdinaryDividend |
| Jun 30, 2023 | $0.028 | OrdinaryDividend |
| May 31, 2023 | $0.027 | OrdinaryDividend |
| Apr 28, 2023 | $0.027 | OrdinaryDividend |
| Mar 31, 2023 | $0.027 | OrdinaryDividend |
| Feb 28, 2023 | $0.028 | OrdinaryDividend |
| Jan 31, 2023 | $0.028 | OrdinaryDividend |
| Dec 29, 2022 | $0.028 | OrdinaryDividend |
| Nov 29, 2022 | $0.027 | OrdinaryDividend |
| Oct 28, 2022 | $0.028 | OrdinaryDividend |
| Sep 29, 2022 | $0.027 | OrdinaryDividend |
| Aug 30, 2022 | $0.026 | OrdinaryDividend |
| Jul 28, 2022 | $0.025 | OrdinaryDividend |
| Jun 29, 2022 | $0.026 | OrdinaryDividend |
| May 30, 2022 | $0.025 | OrdinaryDividend |
| Apr 28, 2022 | $0.025 | OrdinaryDividend |
| Mar 30, 2022 | $0.025 | OrdinaryDividend |
| Feb 25, 2022 | $0.026 | OrdinaryDividend |
| Jan 28, 2022 | $0.024 | OrdinaryDividend |
| Dec 31, 2021 | $0.024 | OrdinaryDividend |
| Nov 30, 2021 | $0.025 | OrdinaryDividend |
| Oct 31, 2021 | $0.024 | OrdinaryDividend |
| Sep 30, 2021 | $0.025 | OrdinaryDividend |
| Aug 31, 2021 | $0.025 | OrdinaryDividend |
| Jul 31, 2021 | $0.026 | OrdinaryDividend |
| Jun 30, 2021 | $0.029 | OrdinaryDividend |
| May 31, 2021 | $0.026 | OrdinaryDividend |
| Apr 30, 2021 | $0.026 | OrdinaryDividend |
| Mar 31, 2021 | $0.026 | OrdinaryDividend |
| Feb 28, 2021 | $0.027 | OrdinaryDividend |
| Jan 31, 2021 | $0.026 | OrdinaryDividend |
| Dec 31, 2020 | $0.026 | OrdinaryDividend |
| Nov 30, 2020 | $0.027 | OrdinaryDividend |
| Oct 30, 2020 | $0.027 | OrdinaryDividend |
| Sep 30, 2020 | $0.027 | OrdinaryDividend |
| Aug 31, 2020 | $0.027 | OrdinaryDividend |
| Jul 31, 2020 | $0.028 | OrdinaryDividend |
| Jun 30, 2020 | $0.027 | OrdinaryDividend |
| Apr 30, 2020 | $0.030 | OrdinaryDividend |
| Mar 31, 2020 | $0.029 | OrdinaryDividend |
| Jan 31, 2020 | $0.027 | OrdinaryDividend |
| Dec 31, 2019 | $0.027 | OrdinaryDividend |
| Nov 29, 2019 | $0.030 | OrdinaryDividend |
| Oct 31, 2019 | $0.029 | OrdinaryDividend |
| Sep 30, 2019 | $0.028 | OrdinaryDividend |
| Aug 30, 2019 | $0.032 | OrdinaryDividend |
| Jul 31, 2019 | $0.031 | OrdinaryDividend |
| Jun 28, 2019 | $0.031 | OrdinaryDividend |
| Dec 08, 2006 | $0.009 | CapitalGainShortTerm |
| Dec 08, 2006 | $0.025 | CapitalGainLongTerm |
| Dec 09, 2005 | $0.042 | CapitalGainShortTerm |
| Dec 09, 2005 | $0.068 | CapitalGainLongTerm |
| Dec 16, 2004 | $0.011 | CapitalGainShortTerm |
| Dec 16, 2004 | $0.044 | CapitalGainLongTerm |
| Dec 16, 2003 | $0.009 | CapitalGainShortTerm |
| Dec 16, 2003 | $0.083 | CapitalGainLongTerm |
| Dec 11, 2002 | $0.020 | CapitalGainLongTerm |
| Dec 11, 2001 | $0.003 | CapitalGainShortTerm |
| Dec 11, 2001 | $0.058 | CapitalGainLongTerm |
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 |
