Sit Minnesota Tax-Free Income Fund (SMTFX)

Fund Assets	394.50M
Expense Ratio	0.81%
Min. Investment	$5,000
Turnover	20.06%
Dividend (ttm)	0.33
Dividend Yield	3.51%
Dividend Growth	8.12%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	9.50
YTD Return	0.14%
1-Year Return	6.90%
5-Year Return	0.73%
52-Week Low	9.13
52-Week High	9.83
Beta (5Y)	0.29
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.

• 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 6.90% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.85%.

Dividend History

Ex-Dividend	Amount	Pay Date
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
Mar 31, 2026	$0.0283	Mar 31, 2026
Feb 27, 2026	$0.0249	Feb 27, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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