Sit Tax-Free Income Y (SNTYX)
| Fund Assets | 120.80M |
| Expense Ratio | 0.711% |
| Min. Investment | $1,000,000 |
| Turnover | 27.42% |
| Dividend (ttm) | 0.36 |
| Dividend Yield | 4.17% |
| Dividend Growth | 6.45% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Oct 30, 2026 |
| Previous Close | 8.57 |
| YTD Return | 1.06% |
| 1-Year Return | 1.51% |
| 5-Year Return | 1.92% |
| 52-Week Low | 8.13 |
| 52-Week High | 8.90 |
| Beta (5Y) | n/a |
| Holdings | 296 |
| Inception Date | Jun 1, 2021 |
About SNTYX
Sit Tax-Free Income Fund Class Y is an open-end mutual fund focused on providing high current income exempt from federal income taxes, with an emphasis on capital preservation. The fund primarily invests in a diversified portfolio of investment-grade, intermediate-duration municipal bonds issued by U.S. states, territories, and their subdivisions. Notably, interest generated from these holdings is generally free from both federal regular income tax and federal alternative minimum tax, which can make the fund attractive to investors in higher tax brackets seeking tax-efficient income. The portfolio is actively managed, with an average maturity around 20 years and an effective duration targeted between three and eight years. Under the stewardship of Sit Investment Associates, a Minneapolis-based and employee-owned firm, the fund leverages a disciplined security selection process to focus on high-quality municipal debt. Its assets are allocated across various sectors such as single- and multi-family mortgage revenue, education, transportation, and general obligation bonds. Sit Tax-Free Income Fund Class Y carries a relatively low expense ratio compared to the broader mutual fund universe, and it plays a significant role for investors seeking regular tax-advantaged income and portfolio stability within the municipal bond market.
Performance
SNTYX had a total return of 1.51% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.20%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| SNTIX | - Class S | 0.95% |
Top 10 Holdings
10.93% of assets| Name | Symbol | Weight |
|---|---|---|
| MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY (MI) - MI MISHSG 2.5 06/01/2052 | MI.MISHSG 2.5 06.01.2052 | 1.85% |
| TEXAS ST DEPT HSG & CMNTY AFFAIRS - TX TXSSFH 5.12 01/01/2054 | TX.TXSSFH 5.12 01.01.2054 | 1.19% |
| TEXAS DEPARTMENT OF HOUSING & COMMUNITY AFFAIRS (TX) - TX TXSSFH 5.25 01/01/2053 | TX.TXSSFH 5.25 01.01.2053 | 1.19% |
| MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY (MI) - MI MISHSG 2.75 06/01/2051 | MI.MISHSG 2.75 06.01.2051 | 1.14% |
| TEXAS DEPARTMENT OF HOUSING & COMMUNITY AFFAIRS (TX) - TX TXSSFH 3.12 01/01/2052 | TX.TXSSFH 3.12 01.01.2052 | 1.05% |
| OHIO HSG FIN AGY - OH OHSHSG 5.1 09/01/2047 | OH.OHSHSG 5.1 09.01.2047 | 0.97% |
| OHIO HOUSING FINANCE AGENCY (OH) - OH OHSHSG 2.45 09/01/2051 | OH.OHSHSG 2.45 09.01.2051 | 0.97% |
| NEW YORK STATE MORTGAGE AGENCY (NY) - NY NYSHSG 2.55 04/01/2050 | NY.NYSHSG 2.55 04.01.2050 | 0.92% |
| TENNESSEE HOUSING DEVELOPMENT AGENCY (TN) - TN TNSHSG 2.38 07/01/2046 | TN.TNSHSG 2.38 07.01.2046 | 0.84% |
| LAKEWOOD RANCH STEWARDSHIP DISTRICT (FL) - FL LKRGEN 6 05/01/2056 | FL.LKRGEN 6 05.01.2056 | 0.81% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Oct 30, 2026 | $0.0304 | Oct 30, 2026 |
| Sep 30, 2026 | $0.03298 | Sep 30, 2026 |
| Aug 31, 2026 | $0.0315 | Aug 31, 2026 |
| Jul 31, 2026 | $0.03045 | Jul 31, 2026 |
| Jun 30, 2026 | $0.0315 | Jun 30, 2026 |
| May 29, 2026 | $0.0283 | May 29, 2026 |