Allspring California Tax-Free Fund (SCTAX)
The investment seeks current income exempt from federal income tax and California individual income tax. The fund invests at least 80% of its net assets in municipal securities whose interest is exempt from federal income tax, including federal alternative minimum tax (AMT), and California individual income tax. It invests up to 20% of the fund's net assets in securities whose interest is subject to federal income tax. The fund invests up to 10% of its total assets in below investment-grade municipal securities, and invests up to 10% of the fund's total assets in inverse floaters. It is non-diversified.
Fund Info
US94975H7180
94975H718
Oct 5, 1988
$1,000
Expense Ratio
SCTAX has an expense ratio of 0.75%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Allspring California Tax-Free Fund (SCTAX) returned -2.49% year-to-date (YTD) and 1.57% over the past 12 months. Over the past 10 years, SCTAX returned 1.68% annually, underperforming the S&P 500 benchmark at 10.84%.
SCTAX
-2.49%
-0.30%
-3.14%
1.57%
1.53%
0.26%
1.68%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of SCTAX, 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 | -0.10% | 1.04% | -1.60% | -0.87% | -0.97% | -2.49% | |||||||
| 2024 | 0.27% | -0.01% | 0.42% | -0.93% | 0.18% | 1.78% | 1.14% | 0.55% | 1.02% | -1.22% | 1.50% | -1.12% | 3.60% |
| 2023 | 2.27% | -1.98% | 1.69% | -0.12% | -0.69% | 0.84% | 0.27% | -1.15% | -2.90% | -1.89% | 7.03% | 2.38% | 5.49% |
| 2022 | -2.63% | -0.63% | -3.15% | -3.26% | 1.25% | -2.14% | 2.58% | -2.24% | -3.41% | -0.90% | 4.02% | 0.08% | -10.24% |
| 2021 | 0.33% | -1.59% | 0.86% | 0.89% | 0.33% | 0.54% | 0.58% | -0.24% | -0.79% | -0.25% | 0.99% | 0.03% | 1.67% |
| 2020 | 1.64% | 1.46% | -4.40% | -1.88% | 3.30% | 0.91% | 1.58% | -0.27% | 0.06% | -0.28% | 1.48% | 0.63% | 4.10% |
| 2019 | 0.62% | 0.54% | 1.40% | 0.44% | 1.37% | 0.35% | 0.68% | 1.69% | -0.68% | 0.08% | 0.08% | 0.22% | 6.99% |
| 2018 | -1.08% | -0.49% | 0.36% | -0.41% | 1.22% | 0.10% | 0.18% | 0.18% | -0.68% | -0.60% | 0.82% | 0.98% | 0.57% |
| 2017 | 0.27% | 0.61% | 0.25% | 0.60% | 1.54% | -0.17% | 0.67% | 0.75% | -0.33% | 0.25% | -0.41% | 0.94% | 5.06% |
| 2016 | 1.00% | 0.08% | 0.74% | 0.82% | 0.49% | 1.87% | -0.25% | 0.32% | -0.73% | -1.30% | -4.30% | 1.21% | -0.20% |
| 2015 | 1.69% | -1.13% | 0.33% | -0.66% | -0.25% | -0.17% | 0.68% | 0.25% | 0.85% | 0.26% | 0.59% | 0.83% | 3.28% |
| 2014 | 2.40% | 1.28% | 0.48% | 1.27% | 1.68% | 0.20% | 0.28% | 1.48% | 0.62% | 0.69% | 0.10% | 0.77% | 11.80% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SCTAX is 19, meaning it’s performing worse than 81% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Allspring California Tax-Free Fund (SCTAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Allspring California Tax-Free Fund provided a 4.02% dividend yield over the last twelve months, with an annual payout of $0.41 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 | $0.41 | $0.49 | $0.34 | $0.31 | $0.31 | $0.33 | $0.37 | $0.38 | $0.36 | $0.35 | $0.37 | $0.40 |
Dividend yield | 4.02% | 4.67% | 3.18% | 2.98% | 2.56% | 2.75% | 3.07% | 3.29% | 3.04% | 3.04% | 3.04% | 3.36% |
Monthly Dividends
The table displays the monthly dividend distributions for Allspring California 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 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.12 | |||||||
| 2024 | $0.06 | $0.03 | $0.06 | $0.06 | $0.03 | $0.06 | $0.06 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.49 |
| 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 | $0.34 |
| 2022 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.31 |
| 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 | $0.33 |
| 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 | $0.37 |
| 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 | $0.36 |
| 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 | $0.35 |
| 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 | $0.37 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.40 |
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 California 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 California Tax-Free Fund was 14.62%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Allspring California Tax-Free Fund drawdown is 4.82%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.62% | Jul 21, 2021 | 322 | Oct 25, 2022 | — | — | — |
| -13.22% | Jan 24, 2008 | 226 | Dec 15, 2008 | 176 | Aug 27, 2009 | 402 |
| -12.47% | Feb 1, 1994 | 210 | Nov 21, 1994 | 94 | Mar 31, 1995 | 304 |
| -11.52% | Mar 10, 2020 | 9 | Mar 20, 2020 | 176 | Nov 30, 2020 | 185 |
| -7% | Oct 1, 2010 | 74 | Jan 14, 2011 | 135 | Jul 29, 2011 | 209 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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