About SNTIX
Sit Tax-Free Income Fund S Class is a mutual fund that emphasizes the generation of high current income exempt from federal income tax, while aiming to preserve capital. The fund principally invests in a diversified portfolio of investment-grade, intermediate-duration municipal bonds, which are debt securities issued by or on behalf of U.S. states, territories, the District of Columbia, and their political subdivisions and agencies. Notably, it maintains a fundamental policy of allocating at least 80% of its net assets to these tax-exempt municipal securities, offering investors federal tax-free income.
The fund typically targets municipal bonds with an average maturity around 20 years and an effective duration of approximately 5 to 8 years, positioned to balance income generation with interest rate sensitivity. It often holds a significant allocation in sectors such as healthcare, housing, and education, reflecting essential financing needs in public infrastructure and services. Managed by Sit Investment Associates, an experienced investment management firm, the Sit Tax-Free Income Fund S Class serves as a prominent choice for individuals seeking municipal bond exposure and the potential benefits of tax-advantaged income within the U.S. financial market landscape.
Fund Family Sit
Category Muni National Interm
Performance Rating Above Average
Risk Rating High
Stock Exchange Nasdaq
Ticker Symbol SNTIX
Share Class - Class S
Index Bloomberg Municipal Bond 5 Y TR
SNTIX had a total return of -2.40% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.51%.
