Morningstar

Sit Minnesota Tax-Free Income Fund SMTFX

Morningstar Medalist Rating
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Medalist Rating as of See Sit Investment Hub
  • NAV / 1-Day Return $9.19  /  +0.33 %
  • Fund Size $371.5M
  • Adjusted Expense Ratio 0.810%
  • Net Expense Ratio 0.800%
  • Fee Level: Distribution High
  • Share Class Type No Load
  • Morningstar Category Muni Minnesota
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $5,000
  • Investment Status Open
  • TTM Yield 3.76%
  • Average Effective Duration 8.40 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis SMTFX

Will SMTFX outperform in the 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.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Sit MN Tax-Free Income holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings SMTFX

More SMTFX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 17.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Us Dollar

4.69 18M
Cash and Equivalents

MINNESOTA ST HSG FIN AGY 2.45%

2.29 9M
municipal

DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5%

2.18 8M
municipal

MINNESOTA AGRIC & ECONOMIC DEV BRD REV 5.25%

2.12 8M
municipal

MINNESOTA MUN GAS AGY GAS PROJ REV 5%

1.80 7M
municipal

WHITE BEAR LAKE MINN INDPT SCH DIST NO 624 3%

1.64 6M
municipal

ROCHESTER MINN HEALTH CARE FACS REV 4%

1.60 6M
municipal

MINNESOTA ST HSG FIN AGY 2.35%

1.39 5M
municipal

MINNESOTA ST HSG FIN AGY 2.4%

1.38 5M
municipal

MINNESOTA ST HSG FIN AGY 2.45%

1.29 5M
municipal

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