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Morningstar

Sit MN Tax-Free Income SMTFX

Morningstar Medalist Rating
Medalist Rating as of | See Sit Investment Hub
  • NAV / 1-Day Return 9.35  /  +0.01 %
  • Total Assets 399.8 Mil
  • Adj. Expense Ratio
    0.810%
  • Expense Ratio 0.810%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Muni Minnesota
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 5,000
  • Status Open
  • TTM Yield 3.10%
  • Effective Duration 5.60 years

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:21 PM GMT+0

Morningstar’s Analysis SMTFX

Will SMTFX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SMTFX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the SMTFX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of SMTFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in Sit MN Tax-Free Income's People Pillar is partially offset by an Average Process Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings SMTFX

More SMTFX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 15.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Us Dollar

2.41 9.5 Mil
Cash and Equivalents

WHITE BEAR LAKE MINN INDPT SCH DIST NO 624 3%

2.31 9.1 Mil
municipal

ROCHESTER MINN HEALTH CARE FACS REV 4%

1.86 7.3 Mil
municipal

MINNESOTA ST HSG FIN AGY 2.35%

1.77 7.0 Mil
municipal

MINNESOTA ST HSG FIN AGY 2.45%

1.59 6.3 Mil
municipal

ROCHESTER MINN HEALTH CARE FACS REV 5%

1.52 6.0 Mil
municipal

MINNESOTA ST HSG FIN AGY 2.55%

1.52 6.0 Mil
municipal

MINNESOTA ST HSG FIN AGY 2.4%

1.46 5.8 Mil
municipal

MINNESOTA ST HSG FIN AGY 2.25%

1.34 5.3 Mil
municipal

ST PAUL MINN HSG & REDEV AUTH HEALTH CARE FAC REV 5%

1.23 4.9 Mil
municipal