Sit Minnesota Tax-Free Income Fund (SMTFX)
9.37
-0.01
(-0.11%)
USD |
Sep 04 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.81% | 390.92M | -- | 20.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 8.078M | 5.43% |
Basic Info
| Investment Strategy | |
| The Fund seeks high current income that is exempt from federal regular income tax and Minnesota regular personal income tax consistent with preservation of capital. The Fund seeks to invest in municipal securities that generate interest income that is exempt from regular income and Minnesota regular personal income tax. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | Minnesota Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | Single State Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Minnesota Municipal Debt Funds |
| Fund Owner Firm Name | Sit Mutual Funds |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
11
-51.80M
Peer Group Low
93.95M
Peer Group High
1 Year
% Rank:
42
8.078M
-60.13M
Peer Group Low
110.43M
Peer Group High
3 Months
% Rank:
7
-54.08M
Peer Group Low
91.58M
Peer Group High
3 Years
% Rank:
66
-257.23M
Peer Group Low
159.64M
Peer Group High
6 Months
% Rank:
28
-50.66M
Peer Group Low
106.27M
Peer Group High
5 Years
% Rank:
83
-523.26M
Peer Group Low
126.28M
Peer Group High
YTD
% Rank:
38
-42.31M
Peer Group Low
113.91M
Peer Group High
10 Years
% Rank:
82
-600.30M
Peer Group Low
361.92M
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of September 05, 2026.
Asset Allocation
As of June 30, 2026.
| Type | % Net |
|---|---|
| Cash | 0.00% |
| Stock | 0.00% |
| Bond | 100.0% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.00% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV MN 5.000 02/15/2053 | 2.28% | 97.54 | 0.00% |
| MINNESOTA AGRIC & ECONOMIC DEV BRD REV MN 5.250 01/01/2054 | 2.03% | 100.63 | 0.00% |
| MINNESOTA MUN GAS AGY GAS PROJ REV MN 5.000 09/01/2035 | 1.86% | 101.98 | -0.07% |
| ROCHESTER MINN HEALTH CARE FACS REV MN 4.000 11/15/2048 | 1.84% | 90.18 | -0.13% |
| WHITE BEAR LAKE MINN INDPT SCH DIST NO 624 MN 3.000 02/01/2043 | 1.84% | 79.48 | -0.11% |
| MINNESOTA ST HSG FIN AGY MN 2.450 01/01/2052 | 1.65% | 62.67 | -0.11% |
| MINNESOTA ST HSG FIN AGY MN 2.350 07/01/2041 | 1.56% | 72.91 | -0.08% |
| MINNESOTA ST HSG FIN AGY MN 2.400 07/01/2046 | 1.55% | 68.74 | -0.11% |
| MINNESOTA ST HSG FIN AGY MN 2.250 07/01/2041 | 1.46% | 73.01 | -0.08% |
| MINNESOTA ST HSG FIN AGY MN 2.450 07/01/2046 | 1.45% | 70.99 | -0.12% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.80% |
| Administration Fee | 2.249M None |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 5000.00 None |
| Minimum Subsequent Investment | 100.00 None |
TTM Distributions
| Type | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Qualified Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Normal
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Qualified
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
LT Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Ordinary Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Non-Qual
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ST Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Interest
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Tax-Exempt
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ROC
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Other
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Total
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
As of August 31, 2026.
Basic Info
| Investment Strategy | |
| The Fund seeks high current income that is exempt from federal regular income tax and Minnesota regular personal income tax consistent with preservation of capital. The Fund seeks to invest in municipal securities that generate interest income that is exempt from regular income and Minnesota regular personal income tax. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | Minnesota Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | Single State Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Minnesota Municipal Debt Funds |
| Fund Owner Firm Name | Sit Mutual Funds |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (9-4-26) | 3.56% |
| 30-Day SEC Yield (7-31-26) | 3.56% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 250 |
| Bond | |
| Yield to Maturity (6-30-26) | 4.61% |
| Effective Duration | 6.91 |
| Average Coupon | 4.20% |
| Calculated Average Quality | 2.607 |
| Effective Maturity | 11.31 |
| Nominal Maturity | 17.93 |
| Number of Bond Holdings | 250 |
As of June 30, 2026
Fund Details
| Key Dates | |
| Inception Date | 12/1/1993 |
| Last Annual Report Date | 3/31/2026 |
| Last Prospectus Date | 8/1/2026 |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Fund of Funds | No |
| Currency Hedged Fund | -- |
| Socially Responsible Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:SMTFX", "name") |
| Broad Asset Class: =YCI("M:SMTFX", "broad_asset_class") |
| Broad Category: =YCI("M:SMTFX", "broad_category_group") |
| Prospectus Objective: =YCI("M:SMTFX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |