Allspring Minnesota Tax-Free Fund (NMTFX)
The investment seeks current income exempt from federal income tax and Minnesota 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 Minnesota 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. While the fund may purchase securities of any maturity, under normal circumstances, the advisor expects the fund's dollar-weighted average effective maturity to be between 3 and 20 years.
Fund Info
US94975H5937
94975H593
Jan 11, 1988
$1,000
Expense Ratio
NMTFX features an expense ratio of 0.85%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Allspring Minnesota Tax-Free Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Allspring Minnesota Tax-Free Fund had a return of 0.13% year-to-date (YTD) and 2.05% in the last 12 months. Over the past 10 years, Allspring Minnesota Tax-Free Fund had an annualized return of 1.58%, while the S&P 500 had an annualized return of 11.29%, indicating that Allspring Minnesota Tax-Free Fund did not perform as well as the benchmark.
NMTFX
0.13%
0.63%
0.52%
2.05%
0.38%
1.58%
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of NMTFX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.13% | 0.13% | |||||||||||
| 2024 | -0.17% | 0.15% | -0.06% | -0.83% | -0.15% | 1.27% | 0.56% | 0.67% | 0.86% | -1.11% | 1.35% | -0.96% | 1.55% |
| 2023 | 2.06% | -1.76% | 1.48% | -0.11% | -0.80% | 0.69% | 0.09% | -1.00% | -2.21% | -1.03% | 4.94% | 1.74% | 3.93% |
| 2022 | -2.07% | -0.33% | -2.21% | -2.16% | 0.93% | -1.02% | 1.94% | -1.59% | -2.80% | -0.44% | 3.15% | 0.07% | -6.50% |
| 2021 | 0.18% | -1.12% | 0.49% | 0.70% | 0.18% | 0.38% | 0.45% | -0.09% | -0.68% | -0.37% | 0.73% | -0.05% | 0.78% |
| 2020 | 1.37% | 1.08% | -3.27% | -1.23% | 2.83% | 0.63% | 1.36% | -0.30% | 0.16% | -0.12% | 0.98% | 0.42% | 3.83% |
| 2019 | 0.59% | 0.41% | 1.24% | 0.29% | 1.03% | 0.47% | 0.65% | 1.20% | -0.55% | 0.00% | 0.09% | 0.27% | 5.85% |
| 2018 | -0.81% | -0.24% | 0.22% | -0.34% | 0.79% | 0.13% | 0.23% | 0.13% | -0.44% | -0.54% | 0.71% | 0.89% | 0.73% |
| 2017 | 0.23% | 0.50% | 0.21% | 0.50% | 1.06% | -0.16% | 0.50% | 0.68% | -0.24% | 0.12% | -0.44% | 0.69% | 3.70% |
| 2016 | 0.89% | -0.04% | 0.42% | 0.51% | 0.24% | 1.25% | -0.04% | 0.14% | -0.32% | -0.61% | -2.73% | 0.33% | 0.00% |
| 2015 | 1.35% | -0.57% | 0.16% | -0.21% | -0.31% | -0.12% | 0.54% | 0.17% | 0.45% | 0.26% | 0.35% | 0.53% | 2.61% |
| 2014 | 1.42% | 0.85% | 0.27% | 0.83% | 0.81% | 0.08% | 0.26% | 0.90% | 0.17% | 0.53% | 0.07% | 0.17% | 6.54% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of NMTFX 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.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Allspring Minnesota Tax-Free Fund (NMTFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Allspring Minnesota Tax-Free Fund provided a 3.03% dividend yield over the last twelve months, with an annual payout of $0.30 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.30 | $0.30 | $0.24 | $0.19 | $0.19 | $0.21 | $0.25 | $0.28 | $0.28 | $0.31 | $0.33 | $0.34 |
Dividend yield | 3.03% | 3.03% | 2.33% | 1.89% | 1.69% | 1.90% | 2.28% | 2.71% | 2.59% | 2.89% | 3.03% | 3.15% |
Monthly Dividends
The table displays the monthly dividend distributions for Allspring Minnesota Tax-Free Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.02 | $0.00 | $0.02 | ||||||||||
| 2024 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.30 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2022 | $0.01 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.19 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.01 | $0.19 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2018 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.31 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Allspring Minnesota 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 Minnesota Tax-Free Fund was 11.11%, occurring on Nov 22, 1994. Recovery took 118 trading sessions.
The current Allspring Minnesota Tax-Free Fund drawdown is 1.87%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -11.11% | Oct 20, 1993 | 285 | Nov 22, 1994 | 118 | May 5, 1995 | 403 |
| -10.38% | Aug 6, 2021 | 309 | Oct 25, 2022 | — | — | — |
| -9.64% | Mar 10, 2020 | 9 | Mar 20, 2020 | 96 | Aug 6, 2020 | 105 |
| -8.3% | Sep 12, 2008 | 25 | Oct 16, 2008 | 126 | Apr 20, 2009 | 151 |
| -7.99% | Feb 1, 1999 | 254 | Jan 21, 2000 | 148 | Aug 23, 2000 | 402 |
Volatility
Volatility Chart
The current Allspring Minnesota Tax-Free Fund volatility is 0.81%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.