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Allspring Pennsylvania Tax-Free Fund (EKVAX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Allspring Pennsylvania Tax-Free Fund (EKVAX)

Mutual Fund · Currency in USD · Last updated May 30, 2025

The investment seeks current income exempt from federal income tax and Pennsylvania individual income tax. The fund normally invests 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 Pennsylvania individual income tax. It invests up to 20% of the fund's net assets in securities whose interest is subject to federal income tax, including federal AMT.

Fund Info

ISIN

US94985D6994

CUSIP

94985D699

Issuer

Allspring Global Investments

Inception Date

Dec 26, 1990

Category

Municipal Bonds

Min. Investment

$1,000

Asset Class

Bond

Expense Ratio

EKVAX has an expense ratio of 0.74%, placing it in the medium range.

Share Price Chart

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Compare to other instruments

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Allspring Pennsylvania Tax-Free Fund

Performance

Performance Chart

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S&P 500

Returns By Period

Allspring Pennsylvania Tax-Free Fund (EKVAX) returned -1.57% year-to-date (YTD) and 2.39% over the past 12 months. Over the past 10 years, EKVAX returned 1.89% annually, underperforming the S&P 500 benchmark at 10.84%.

EKVAX

YTD

-1.57%

1M

-0.02%

6M

-2.49%

1Y

2.39%

3Y*

2.00%

5Y*

0.77%

10Y*

1.89%

^GSPC (Benchmark)

YTD

0.52%

1M

6.32%

6M

-1.44%

1Y

12.25%

3Y*

12.45%

5Y*

14.20%

10Y*

10.84%

*Annualized

Monthly Returns

The table below presents the monthly returns of EKVAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.16%0.92%-1.50%-0.58%-0.57%-1.57%
20240.32%0.07%0.47%-0.77%0.16%1.84%0.99%0.62%1.08%-1.13%1.46%-1.12%4.01%
20232.52%-1.98%1.58%0.06%-0.69%0.83%0.15%-1.17%-2.43%-1.41%5.88%2.15%5.32%
2022-2.33%-0.56%-2.58%-2.82%0.78%-1.52%2.00%-1.89%-3.23%-0.82%3.69%0.15%-8.99%
20210.50%-1.04%0.59%0.88%0.25%0.48%0.59%-0.12%-0.81%-0.25%0.98%0.11%2.15%
20201.51%1.24%-3.49%-1.40%2.24%0.83%1.16%-0.19%0.15%-0.12%1.16%0.64%3.64%
20190.71%0.45%1.31%0.26%1.38%0.43%0.76%1.45%-0.69%0.00%0.09%0.23%6.55%
2018-0.85%-0.23%0.28%-0.33%0.98%0.11%0.18%0.10%-0.42%-0.42%0.83%1.07%1.29%
20170.25%0.62%0.35%0.69%1.38%-0.08%0.52%0.78%-0.33%0.18%-0.32%0.87%5.02%
20160.93%0.10%0.19%0.59%0.16%1.59%0.00%0.16%-0.50%-1.01%-3.72%1.13%-0.50%
20151.55%-0.78%0.38%-0.29%-0.05%-0.08%0.72%0.20%0.63%0.37%0.36%0.60%3.67%
20141.93%1.29%0.31%1.28%1.26%0.05%0.47%1.41%0.21%0.72%0.21%0.63%10.20%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of EKVAX is 32, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of EKVAX is 3232
Overall Rank
The Sharpe Ratio Rank of EKVAX is 3434
Sharpe Ratio Rank
The Sortino Ratio Rank of EKVAX is 2727
Sortino Ratio Rank
The Omega Ratio Rank of EKVAX is 3232
Omega Ratio Rank
The Calmar Ratio Rank of EKVAX is 3737
Calmar Ratio Rank
The Martin Ratio Rank of EKVAX is 3232
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Allspring Pennsylvania Tax-Free Fund (EKVAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Allspring Pennsylvania Tax-Free Fund Sharpe ratios as of May 30, 2025 (values are recalculated daily):

  • 1-Year: 0.48
  • 5-Year: 0.23
  • 10-Year: 0.56
  • All Time: 1.23

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Allspring Pennsylvania Tax-Free Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

Allspring Pennsylvania Tax-Free Fund provided a 3.69% dividend yield over the last twelve months, with an annual payout of $0.39 per share. The fund has been increasing its distributions for 3 consecutive years.

2.50%3.00%3.50%4.00%$0.00$0.10$0.20$0.30$0.40$0.5020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.39$0.46$0.32$0.29$0.28$0.32$0.36$0.38$0.37$0.36$0.41$0.42

Dividend yield

3.69%4.29%2.95%2.79%2.38%2.70%3.05%3.35%3.15%3.12%3.41%3.56%

Monthly Dividends

The table displays the monthly dividend distributions for Allspring Pennsylvania Tax-Free Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.03$0.03$0.03$0.03$0.00$0.11
2024$0.05$0.03$0.05$0.06$0.03$0.05$0.06$0.03$0.03$0.03$0.03$0.03$0.46
2023$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.32
2022$0.02$0.03$0.02$0.03$0.02$0.02$0.02$0.02$0.03$0.03$0.03$0.03$0.29
2021$0.03$0.03$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.28
2020$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.32
2019$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.36
2018$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.38
2017$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.37
2016$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.36
2015$0.03$0.04$0.04$0.04$0.03$0.03$0.04$0.03$0.03$0.03$0.03$0.03$0.41
2014$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.03$0.42

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the Allspring Pennsylvania Tax-Free Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Allspring Pennsylvania Tax-Free Fund was 13.09%, occurring on Oct 25, 2022. Recovery took 484 trading sessions.

The current Allspring Pennsylvania Tax-Free Fund drawdown is 3.03%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-13.09%Aug 6, 2021309Oct 25, 2022484Sep 30, 2024793
-13%Feb 1, 1994211Nov 22, 1994131May 24, 1995342
-12.52%Jan 24, 2008226Dec 15, 2008157Jul 31, 2009383
-9.63%Mar 10, 20209Mar 20, 2020185Dec 11, 2020194
-6.34%Oct 1, 201074Jan 14, 2011121Jul 11, 2011195
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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