SNTIX: SIT Tax Free Income Fund - MutualFunds.com
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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$10.04

-

-

$0.00

0.88%

Vitals

YTD Return

0.8%

1 yr return

5.4%

3 Yr Avg Return

4.6%

5 Yr Avg Return

3.5%

Net Assets

$389 M

Holdings in Top 10

5.0%

52 WEEK LOW AND HIGH

$10.04
$9.74
$10.12

Expenses

OPERATING FEES

Expense Ratio 0.88%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 21.22%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$5,000

IRA

$2,000


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Muni National Interm


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$10.04

-

-

$0.00

0.88%

SNTIX - Profile

Distributions

  • YTD Total Return 0.8%
  • 3 Yr Annualized Total Return 4.6%
  • 5 Yr Annualized Total Return 3.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.92%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    SIT Tax Free Income Fund
  • Fund Family Name
    Sit
  • Inception Date
    Sep 29, 1988
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Paul Jungquist

Fund Description

The fund seeks to achieve its objective by investing primarily in municipal securities that generate interest income that is exempt from both regular federal income tax and federal alternative minimum tax. It invests 100% (and, as a fundamental policy, no less than 80%) of its net assets in such tax-exempt municipal securities. Municipal securities are debt obligations issued by or for U.S. states, territories, and possessions and the District of Columbia, and their political subdivisions, agencies, and instrumentalities.


SNTIX - Performance

Return Ranking - Trailing

Period SNTIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -88.5% 9.7% 22.69%
1 Yr 5.4% -20.5% 20.4% 19.18%
3 Yr 4.6%* -6.2% 10.9% 40.60%
5 Yr 3.5%* -3.5% 7.1% 14.42%
10 Yr 5.0%* -0.2% 9.3% 11.96%

* Annualized

Return Ranking - Calendar

Period SNTIX Return Category Return Low Category Return High Rank in Category (%)
2020 1.0% -91.1% 310.0% 66.48%
2019 3.8% -79.8% 15.4% 42.59%
2018 -2.6% -72.6% 97.2% 54.93%
2017 3.4% -100.0% 7.6% 10.59%
2016 -2.9% -35.9% 96.8% 51.57%

Total Return Ranking - Trailing

Period SNTIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -88.5% 9.7% 22.73%
1 Yr 5.4% -24.2% 24.2% 15.65%
3 Yr 4.6%* -7.0% 11.7% 33.85%
5 Yr 3.5%* -4.0% 7.1% 11.18%
10 Yr 5.0%* -0.6% 9.3% 10.87%

* Annualized

Total Return Ranking - Calendar

Period SNTIX Return Category Return Low Category Return High Rank in Category (%)
2020 1.0% -91.1% 310.0% 66.43%
2019 3.8% -79.8% 15.4% 43.69%
2018 -2.6% -72.6% 11.0% 56.31%
2017 3.4% -100.0% 7.6% 12.51%
2016 -2.9% -35.9% 3.0% 55.69%

NAV & Total Return History


SNTIX - Holdings

Concentration Analysis

SNTIX Category Low Category High SNTIX % Rank
Net Assets 389 M 882 K 88.1 B 54.59%
Number of Holdings 670 1 12437 13.18%
Net Assets in Top 10 18.6 M -308 M 3.89 B 60.14%
Weighting of Top 10 5.03% 2.4% 100.0% 98.04%

Top 10 Holdings

  1. Nuveen Quality Muni Income Fund 0.71%
  2. Nuveen AMT-Free Quality Muni Inc 0.70%
  3. MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV 2.75% 0.56%
  4. MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV 4.12% 0.53%
  5. MICHIGAN ST HSG DEV AUTH RENTAL HSG REV 3.5% 0.51%
  6. NEW YORK ST MTG AGY HOMEOWNER MTG REV 2.55% 0.46%
  7. TENNESSEE HSG DEV AGY RESIDENTIAL FIN PROG REV 4.05% 0.45%
  8. WISCONSIN HSG & ECONOMIC DEV AUTH HSG REV 4.15% 0.44%
  9. PENNSYLVANIA ST TPK COMMN TPK REV 5% 0.42%
  10. MASSACHUSETTS ST DEV FIN AGY REV 4% 0.42%

Asset Allocation

Weighting Return Low Return High SNTIX % Rank
Bonds
95.35% 46.14% 145.79% 82.01%
Cash
4.73% -45.79% 53.86% 17.30%
Stocks
0.00% -0.15% 2.54% 63.91%
Other
0.00% -13.42% 30.00% 62.22%
Convertible Bonds
0.00% -0.02% 1.15% 62.55%
Preferred Stocks
-0.09% -3.40% 1.05% 98.78%

Bond Sector Breakdown

Weighting Return Low Return High SNTIX % Rank
Municipal
95.08% 46.14% 100.00% 80.78%
Cash & Equivalents
4.92% 0.00% 53.86% 18.44%
Derivative
0.00% 0.00% 0.07% 62.46%
Securitized
0.00% 0.00% 7.63% 62.99%
Corporate
0.00% 0.00% 12.41% 67.73%
Government
0.00% 0.00% 50.63% 64.59%

Bond Geographic Breakdown

Weighting Return Low Return High SNTIX % Rank
US
95.18% 0.00% 141.11% 68.71%
Non US
0.17% 0.00% 100.00% 56.10%

SNTIX - Expenses

Operational Fees

SNTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.88% 0.04% 4.23% 23.01%
Management Fee 0.80% 0.00% 1.60% 99.42%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

SNTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

SNTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SNTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 21.22% 0.00% 299.40% 55.82%

SNTIX - Distributions

Dividend Yield Analysis

SNTIX Category Low Category High SNTIX % Rank
Dividend Yield 0.00% 0.00% 35.27% 69.67%

Dividend Distribution Analysis

SNTIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

SNTIX Category Low Category High SNTIX % Rank
Net Income Ratio 2.92% -1.65% 24.00% 13.67%

Capital Gain Distribution Analysis

SNTIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Monthly

Dividend Payout History

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SNTIX - Fund Manager Analysis

Managers

Paul Jungquist


Start Date

Tenure

Tenure Rank

Nov 01, 2000

20.84

20.8%

Paul J. Jungquist is Vice President of Sit Investment Associates, Inc. Jungquist joined Sit Investment Associates in January 1994 and has been a portfolio manager since 2000. Previously, he worked as an auditor for Grant Thornton and has served as an assistant controller for a publicly held engineering services company. Jungquist holds the Chartered Financial Analyst designation.

Todd Emerson


Start Date

Tenure

Tenure Rank

Aug 01, 2018

3.08

3.1%

Todd S. Emerson, Vice President and Portfolio Manager, has served as a portfolio manager since July 2020 and as a research analyst from August 2018 through July 2020.

Kevin O’Brien


Start Date

Tenure

Tenure Rank

Aug 01, 2018

3.08

3.1%

Kevin P. O’Brien, Vice President and Portfolio Manager, has served as a portfolio manager since July 2020 and as a research analyst from August 2018 through July 2020.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 36.44 7.21 0.83