Sit Minnesota Tax-Free Income Fund (SMTFX)
| Fund Assets | 391.05M |
| Expense Ratio | 0.81% |
| Min. Investment | $5,000 |
| Turnover | 10.29% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 3.36% |
| Dividend Growth | 8.49% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 31, 2026 |
| Previous Close | 9.56 |
| YTD Return | 0.32% |
| 1-Year Return | 6.83% |
| 5-Year Return | 3.20% |
| 52-Week Low | 8.87 |
| 52-Week High | 9.83 |
| Beta (5Y) | 0.30 |
| Holdings | 251 |
| Inception Date | Dec 1, 1993 |
About SMTFX
Sit Minnesota Tax-Free Income Fund is a municipal bond mutual fund focused on providing investors with current income that is exempt from both federal regular income tax and Minnesota regular personal income tax. Established in 1993, the fund invests primarily in a diverse portfolio of municipal securities issued by Minnesota state and local governments and their agencies. Major portfolio allocations include sectors such as healthcare facility bonds, housing authority bonds, and education bonds, which support infrastructure and community development across the state. The fund’s assets are managed to maintain a moderate duration and average maturity, balancing income generation with sensitivity to interest rate movements. With a tax-exempt structure, Sit Minnesota Tax-Free Income Fund serves investors seeking to maximize after-tax income, especially those residing in Minnesota. The fund’s tax-equivalent yields are particularly relevant for individuals in higher tax brackets, highlighting its role as a strategic vehicle for tax-efficient income within the municipal bond market.
Performance
SMTFX had a total return of 6.83% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.90%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 31, 2026 | $0.0283 | Mar 31, 2026 |
| Feb 27, 2026 | $0.0249 | Feb 27, 2026 |
| Jan 30, 2026 | $0.02724 | Jan 30, 2026 |
| Dec 31, 2025 | $0.02915 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02455 | Nov 28, 2025 |
| Oct 31, 2025 | $0.02759 | Oct 31, 2025 |