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Morningstar

Sit Tax-Free Income SNTIX

Morningstar Medalist Rating
Medalist Rating as of | See Sit Investment Hub
  • NAV / 1-Day Return 8.73  /  +0.12 %
  • Total Assets 160.6 Mil
  • Adj. Expense Ratio
    0.900%
  • Expense Ratio 0.900%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 5,000
  • Status Open
  • TTM Yield 3.53%
  • Effective Duration 5.80 years

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:17 PM GMT+0

Morningstar’s Analysis SNTIX

Will SNTIX 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 SNTIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the SNTIX 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 SNTIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in Sit 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

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings SNTIX

More SNTIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 9.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Us Dollar

4.39 6.8 Mil
Cash and Equivalents

MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV 2.5%

1.52 2.4 Mil
municipal

TEXAS ST DEPT HSG & CMNTY AFFAIRS RESIDENTIAL MTG REV 5.25%

1.00 1.6 Mil
municipal

TEXAS ST DEPT HSG & CMNTY AFFAIRS RESIDENTIAL MTG REV 5.125%

0.99 1.5 Mil
municipal

OHIO ST HSG FIN AGY RESIDENTIAL MTG REV 5.1%

0.91 1.4 Mil
municipal

MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV 2.75%

0.90 1.4 Mil
municipal

TEXAS ST DEPT HSG & CMNTY AFFAIRS RESIDENTIAL MTG REV 3.125%

0.85 1.3 Mil
municipal

LOS ALAMITOS CALIF UNI SCH DIST CTFS PARTN

0.80 1.2 Mil
municipal

OHIO ST HSG FIN AGY RESIDENTIAL MTG REV 2.45%

0.78 1.2 Mil
municipal

Nuveen AMT-Free Quality Muni Inc

0.74 1.2 Mil
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