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Allspring California Tax-Free Fund - Class A SCTAX
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | SCTAX | Replication |
|---|---|---|
| Annualized growth | -0.7% | 0.0% |
| Annualized volatility | 5.3% | 4.8% |
| Sharpe ratio | -0.11 | 0.03 |
| Maximum drawdown | 13.9% | 11.4% |
| Replication fit (R²) | 0.96 · Tracking error 1.0% | |
Replication portfolio
The published portfolio below is the investable basket used to model SCTAX’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| MUB | FI · Municipal | 100.0% |