Sit Minnesota Tax-Free Income Fund (SMTFX)
9.68
0.00 (0.00%)
USD |
Jan 16 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.81% | 381.95M | -- | 10.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -28.69M | 6.82% | Upgrade | Upgrade |
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:
73
-22.00M
Peer Group Low
12.55M
Peer Group High
1 Year
% Rank:
56
-28.69M
-67.59M
Peer Group Low
15.00M
Peer Group High
3 Months
% Rank:
69
-29.99M
Peer Group Low
14.01M
Peer Group High
3 Years
% Rank:
83
-268.09M
Peer Group Low
120.45M
Peer Group High
6 Months
% Rank:
56
-41.20M
Peer Group Low
21.95M
Peer Group High
5 Years
% Rank:
83
-455.02M
Peer Group Low
47.25M
Peer Group High
YTD
% Rank:
--
--
Peer Group Low
--
Peer Group High
10 Years
% Rank:
83
-554.49M
Peer Group Low
359.65M
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of January 19, 2026.
Asset Allocation
As of September 30, 2025.
| Type | % Net |
|---|---|
| Cash | 0.00% |
| Stock | 0.00% |
| Bond | 100.2% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | -0.19% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| WHITE BEAR LAKE MINN INDPT SCH DIST NO 624 MN 3.000 02/01/2043 | 2.50% | -- | -- |
| ROCHESTER MINN HEALTH CARE FACS REV MN 4.000 11/15/2048 | 1.93% | 96.90 | 0.27% |
| MINNESOTA ST HSG FIN AGY MN 2.450 01/01/2052 | 1.72% | -- | -- |
| MINNESOTA ST HSG FIN AGY MN 2.400 07/01/2046 | 1.60% | -- | -- |
| MINNESOTA ST HSG FIN AGY MN 2.350 07/01/2041 | 1.59% | -- | -- |
| MINNESOTA ST HSG FIN AGY MN 2.450 07/01/2046 | 1.50% | -- | -- |
| ST CLOUD MINN HEALTH CARE REV MN 5.000 05/01/2046 | 1.50% | 100.10 | 0.00% |
| MINNESOTA ST HSG FIN AGY MN 2.250 07/01/2041 | 1.49% | -- | -- |
| MINNESOTA ST HSG FIN AGY MN 2.550 01/01/2051 | 1.19% | -- | -- |
| MINNESOTA AGRIC & ECONOMIC DEV BRD REV MN 5.250 01/01/2054 | 1.14% | 103.21 | -0.00% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.80% |
| Administration Fee | 2.39M% |
| 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 |
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 (1-15-26) | 3.52% |
| 30-Day SEC Yield (12-31-25) | 3.50% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 253 |
| Bond | |
| Yield to Maturity (9-30-25) | 4.88% |
| Effective Duration | 7.10 |
| Average Coupon | 4.09% |
| Calculated Average Quality | 2.631 |
| Effective Maturity | 9.494 |
| Nominal Maturity | 17.07 |
| Number of Bond Holdings | 252 |
As of September 30, 2025
Fund Details
| Key Dates | |
| Inception Date | 12/1/1993 |
| Attributes | |
| Inverse Fund | No |
| Leveraged Fund | -- |
| 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. |