Sit Minnesota Tax-Free Income Fund (SMTFX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

9.06

+0.10 (1.12%)

At close: Oct 15, 2026

Fund Assets	373.41M
Expense Ratio	0.792%
Min. Investment	$5,000
Turnover	20.06%
Dividend (ttm)	0.34
Dividend Yield	3.70%
Dividend Growth	7.89%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	8.96
YTD Return	-3.72%
1-Year Return	-2.18%
5-Year Return	-2.28%
52-Week Low	8.81
52-Week High	9.83
Beta (5Y)	0.30
Holdings	250
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.

Fund Family Sit

Category Muni Minnesota

Performance Rating Above Average

Risk Rating Average

Stock Exchange Nasdaq

Ticker Symbol SMTFX

Index Bloomberg Municipal Bond 5 Y TR

Performance

SMTFX had a total return of -2.18% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.71%.

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.02755	Sep 30, 2026
Aug 31, 2026	$0.02836	Aug 31, 2026
Jul 31, 2026	$0.0296	Jul 31, 2026
Jun 30, 2026	$0.0287	Jun 30, 2026
May 29, 2026	$0.0317	May 29, 2026
Apr 30, 2026	$0.02762	Apr 30, 2026

Full Dividend History