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Allspring California Limited-Term Tax-Free fund
mutual fund
SFCIX
Payout Change
Pending
Price as of:
$10.12
+0.01
+0.1%
primary theme
Municipal Bond
share class
SFCIX (Mutual Fund)
Allspring California Limited-Term Tax-Free fund
Payout Change
Pending
Price as of:
$10.12
+0.01
+0.1%
primary theme
Municipal Bond
share class
SFCIX (Mutual Fund)
Allspring California Limited-Term Tax-Free fund
Payout Change
Pending
Price as of:
$10.12
+0.01
+0.1%
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
1.7%
1 yr return
1.8%
3 Yr Avg Return
0.2%
5 Yr Avg Return
0.4%
Net Assets
$344 M
Holdings in Top 10
23.3%
52 WEEK LOW AND HIGH
$10.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.86%
SALES FEES
Front Load 2.00%
Deferred Load N/A
TRADING FEES
Turnover 18.00%
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
SFCIX - Profile
Distributions
- YTD Total Return 1.7%
- 3 Yr Annualized Total Return 0.2%
- 5 Yr Annualized Total Return 0.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.51%
- Dividend Yield 2.2%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameAllspring California Limited-Term Tax-Free fund
-
Fund Family NameAllspring Funds
-
Inception DateNov 18, 1992
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAdrian Van Poppel
Fund Description
Under normal circumstances, we invest:
| ■ | at least 80% of the Fund’s net assets in municipal securities whose interest is exempt from federal income tax, including federal alternative minimum tax (AMT), and California individual income tax; |
| ■ | up to 20% of the Fund’s net assets in securities whose interest is subject to federal income tax, including federal AMT; |
| ■ | up to 10% of the Fund’s total assets in below investment-grade municipal securities; and |
| ■ | up to 10% of the Fund’s total assets in inverse floaters. |
We invest principally in municipal securities whose interest is exempt from federal income tax, including federal AMT, and California individual income tax. Our investment holdings may include municipal securities issued by the state of California and its subdivisions, authorities, instrumentalities and corporations, as well as municipal securities issued by the territories and possessions of the United States. Some of the securities may be below investment grade or may be unrated and deemed by us to be of comparable quality. We may also invest a portion of the Fund’s net assets in securities whose interest is subject to federal income tax, including federal AMT. We may use futures for duration and yield curve management. While we may purchase securities of any maturity, under normal circumstances, we expect the Fund’s dollar-weighted average effective maturity to be between 2 and 7 years.
We may invest up to 10% of the Fund’s total assets in inverse floaters to seek enhanced returns. Inverse floaters are derivative debt instruments created by depositing a municipal security in a trust. Inverse floaters pay interest at rates that generally vary inversely with specified short-term interest rates and involve leverage. We intend to limit leverage created by the Fund’s investment in inverse floaters to an amount equal to 10% of the Fund’s total assets.
We use a combination of top-down and bottom-up research to cover the four main elements of total return: duration management, yield curve positioning, sector and credit quality allocation, and security selection. Our top-down analysis involves an evaluation of macroeconomic factors that may include, among others, the pace of economic growth, employment conditions, inflation, and monetary and fiscal policy. Our bottom-up analysis, which involves intensive research into the credit fundamentals of individual issuers and the relative value of individual issues, is used to uncover solid investment opportunities. Securities are selected based on several factors, including, among others, improving financial trends, positive industry and sector dynamics, improving economic conditions, and specific demographic trends. Securities may be sold based on relative value considerations and could be replaced with a security that presents a better value or risk/reward profile. A security may also be sold due to changes in credit characteristics or outlook, as well as changes in portfolio strategy or cash flow needs.
SFCIX - Performance
Return Ranking - Trailing
| Period | SFCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.7% | -7.3% | 37.5% | 51.58% |
| 1 Yr | 1.8% | -7.4% | 37.6% | 56.15% |
| 3 Yr | 0.2%* | -11.8% | 5.1% | 15.71% |
| 5 Yr | 0.4%* | -7.4% | 1103.2% | 67.76% |
| 10 Yr | 0.8%* | -1.1% | 248.8% | 86.47% |
* Annualized
Return Ranking - Calendar
| Period | SFCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 1.9% | -1.4% | 41.0% | 76.90% |
| 2022 | -6.4% | -39.7% | 0.3% | 13.45% |
| 2021 | -1.3% | -5.6% | 6.9% | 86.67% |
| 2020 | 0.3% | -2.6% | 310.0% | 93.77% |
| 2019 | 1.7% | 0.0% | 26.0% | 92.66% |
Total Return Ranking - Trailing
| Period | SFCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.7% | -7.3% | 37.5% | 51.58% |
| 1 Yr | 1.8% | -7.4% | 37.6% | 56.15% |
| 3 Yr | 0.2%* | -11.8% | 5.1% | 15.71% |
| 5 Yr | 0.4%* | -7.4% | 1103.2% | 67.76% |
| 10 Yr | 0.8%* | -1.1% | 248.8% | 86.47% |
* Annualized
Total Return Ranking - Calendar
| Period | SFCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.1% | -1.3% | 41.0% | 83.30% |
| 2022 | -4.7% | -39.7% | 1.1% | 12.22% |
| 2021 | 0.2% | -4.8% | 23761504.0% | 83.78% |
| 2020 | 1.2% | -1.5% | 17057.9% | 94.68% |
| 2019 | 2.9% | 0.2% | 3514.6% | 94.53% |
NAV & Total Return History
SFCIX - Holdings
Concentration Analysis
| SFCIX | Category Low | Category High | SFCIX % Rank | |
|---|---|---|---|---|
| Net Assets | 344 M | 3.22 M | 71.9 B | 57.80% |
| Number of Holdings | 267 | 4 | 13418 | 45.06% |
| Net Assets in Top 10 | 73.1 M | -317 M | 3.09 B | 55.20% |
| Weighting of Top 10 | 23.31% | 1.8% | 100.3% | 26.81% |
Top 10 Holdings
- CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE 3.77%
- OAKLAND CA UNIF SCH DIST ALAMEDA CNTY 3.37%
- CALIFORNIA ST UNIV REVENUE 2.56%
- CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE 2.09%
- CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE 2.07%
- CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE 2.05%
- LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE 1.93%
- CALIFORNIA HSG FIN AGY LTD OBLIG MF HSG REVENUE 1.88%
- FEDERAL HOME LOAN MTGE CORP MF VARIABLE RATE CTFS 1.82%
- CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE 1.77%
Asset Allocation
| Weighting | Return Low | Return High | SFCIX % Rank | |
|---|---|---|---|---|
| Bonds | 99.03% | 0.00% | 150.86% | 47.72% |
| Cash | 0.97% | -50.86% | 44.62% | 53.39% |
| Stocks | 0.00% | 0.00% | 99.77% | 48.93% |
| Preferred Stocks | 0.00% | 0.00% | 0.07% | 40.43% |
| Other | 0.00% | -3.69% | 53.54% | 47.41% |
| Convertible Bonds | 0.00% | 0.00% | 0.93% | 40.12% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | SFCIX % Rank | |
|---|---|---|---|---|
| Municipal | 98.33% | 44.39% | 100.00% | 50.44% |
| Cash & Equivalents | 0.04% | 0.00% | 44.41% | 52.79% |
| Derivative | 0.00% | -3.69% | 53.54% | 48.76% |
| Securitized | 0.00% | 0.00% | 5.93% | 44.98% |
| Corporate | 0.00% | 0.00% | 9.41% | 53.14% |
| Government | 0.00% | 0.00% | 52.02% | 48.35% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | SFCIX % Rank | |
|---|---|---|---|---|
| US | 99.03% | 0.00% | 142.23% | 45.74% |
| Non US | 0.00% | 0.00% | 23.89% | 43.65% |
SFCIX - Expenses
Operational Fees
| SFCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.86% | 0.01% | 8.02% | 37.23% |
| Management Fee | 0.40% | 0.00% | 1.20% | 40.47% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 5.92% |
| Administrative Fee | 0.16% | 0.01% | 0.44% | 84.27% |
Sales Fees
| SFCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 2.00% | 0.50% | 4.75% | 94.83% |
| Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
| SFCIX 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.
| SFCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 18.00% | 0.00% | 283.00% | 51.98% |
SFCIX - Distributions
Dividend Yield Analysis
| SFCIX | Category Low | Category High | SFCIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.20% | 0.00% | 14.51% | 78.19% |
Dividend Distribution Analysis
| SFCIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| SFCIX | Category Low | Category High | SFCIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.51% | -0.53% | 5.33% | 71.31% |
Capital Gain Distribution Analysis
| SFCIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.019 | OrdinaryDividend |
| Oct 31, 2024 | $0.018 | OrdinaryDividend |
| Sep 30, 2024 | $0.018 | OrdinaryDividend |
| Aug 30, 2024 | $0.018 | OrdinaryDividend |
| Jul 31, 2024 | $0.020 | OrdinaryDividend |
| Apr 30, 2024 | $0.022 | OrdinaryDividend |
| Mar 28, 2024 | $0.021 | OrdinaryDividend |
| Feb 28, 2024 | $0.022 | OrdinaryDividend |
| Jan 31, 2024 | $0.021 | OrdinaryDividend |
| Dec 29, 2023 | $0.021 | OrdinaryDividend |
| Nov 30, 2023 | $0.021 | OrdinaryDividend |
| Oct 31, 2023 | $0.017 | OrdinaryDividend |
| Sep 29, 2023 | $0.017 | OrdinaryDividend |
| Aug 31, 2023 | $0.017 | OrdinaryDividend |
| Jul 31, 2023 | $0.016 | OrdinaryDividend |
| Jun 30, 2023 | $0.017 | OrdinaryDividend |
| May 31, 2023 | $0.017 | OrdinaryDividend |
| Apr 28, 2023 | $0.017 | OrdinaryDividend |
| Mar 31, 2023 | $0.017 | OrdinaryDividend |
| Feb 28, 2023 | $0.018 | OrdinaryDividend |
| Jan 31, 2023 | $0.016 | OrdinaryDividend |
| Dec 29, 2022 | $0.017 | OrdinaryDividend |
| Nov 29, 2022 | $0.016 | OrdinaryDividend |
| Oct 28, 2022 | $0.016 | OrdinaryDividend |
| Sep 29, 2022 | $0.014 | OrdinaryDividend |
| Aug 30, 2022 | $0.014 | OrdinaryDividend |
| Jul 28, 2022 | $0.014 | OrdinaryDividend |
| Jun 29, 2022 | $0.014 | OrdinaryDividend |
| May 30, 2022 | $0.013 | OrdinaryDividend |
| Apr 28, 2022 | $0.013 | OrdinaryDividend |
| Mar 30, 2022 | $0.012 | OrdinaryDividend |
| Feb 25, 2022 | $0.015 | OrdinaryDividend |
| Jan 28, 2022 | $0.012 | OrdinaryDividend |
| Dec 31, 2021 | $0.012 | OrdinaryDividend |
| Nov 30, 2021 | $0.013 | OrdinaryDividend |
| Oct 29, 2021 | $0.012 | OrdinaryDividend |
| Sep 30, 2021 | $0.012 | OrdinaryDividend |
| Aug 31, 2021 | $0.012 | OrdinaryDividend |
| Jun 30, 2021 | $0.016 | OrdinaryDividend |
| May 28, 2021 | $0.013 | OrdinaryDividend |
| Apr 30, 2021 | $0.014 | OrdinaryDividend |
| Mar 31, 2021 | $0.013 | OrdinaryDividend |
| Feb 26, 2021 | $0.015 | OrdinaryDividend |
| Jan 29, 2021 | $0.013 | OrdinaryDividend |
| Dec 31, 2020 | $0.013 | OrdinaryDividend |
| Nov 30, 2020 | $0.013 | OrdinaryDividend |
| Oct 30, 2020 | $0.013 | OrdinaryDividend |
| Sep 30, 2020 | $0.013 | OrdinaryDividend |
| Apr 30, 2020 | $0.016 | OrdinaryDividend |
| Mar 31, 2020 | $0.016 | OrdinaryDividend |
| Feb 28, 2020 | $0.017 | OrdinaryDividend |
| Dec 31, 2019 | $0.000 | OrdinaryDividend |
| Nov 29, 2019 | $0.000 | OrdinaryDividend |
| Oct 31, 2019 | $0.000 | OrdinaryDividend |
| Sep 30, 2019 | $0.000 | OrdinaryDividend |
| Aug 30, 2019 | $0.000 | OrdinaryDividend |
| Jul 31, 2019 | $0.000 | OrdinaryDividend |
| Jun 28, 2019 | $0.017 | OrdinaryDividend |
| Dec 09, 2005 | $0.018 | CapitalGainShortTerm |
| Dec 09, 2005 | $0.015 | CapitalGainLongTerm |
| Dec 16, 2004 | $0.009 | CapitalGainShortTerm |
| Dec 16, 2004 | $0.014 | CapitalGainLongTerm |
| Dec 16, 2003 | $0.012 | CapitalGainShortTerm |
| Dec 16, 2003 | $0.051 | CapitalGainLongTerm |
| Dec 11, 2001 | $0.005 | CapitalGainShortTerm |
| Dec 11, 2001 | $0.021 | CapitalGainLongTerm |
SFCIX - 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 |
