SCTAX – Allspring California Tax-Free A Investment Strategy | Morningstar

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Strategy

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.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
SGTIX	Allspring California Tax-Free Fund - Class Inst	Institutional	Open			Oct 31, 2014	$303.58M	0.480%	Below Average	$1M	−$14.65M
SCTAX	Allspring California Tax-Free Fund - Class A	Front Load	Open			Oct 6, 1988	$197.93M	0.750%	Below Average	$1,000	−$15.38M
SCTCX	Allspring California Tax-Free Fund - Class C	Level Load	Open			Jul 1, 1993	$5.37M	1.500%	Average	$1,000	−$935,728.38

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