- What does SNTIX invest in?
- The Sit Tax-Free Income Fund endeavors to achieve its objective by concentrating its investments primarily in municipal securities. These particular securities are selected because they generate interest income that is free from regular federal income tax. As a core policy, the fund commits its entire net assets (100%), and by mandate no less than 80%, to these tax-exempt municipal holdings. To provide context, municipal securities are defined as debt instruments issued either by or on behalf of U.S. states, territories, and possessions, the District of Columbia, or their respective political subdivisions, agencies, and related entities.
- What is the expense ratio of SNTIX?
- Sit Tax-Free Income Fund (SNTIX) charges an expense ratio of 0.95%. This is the annual fee deducted from fund assets to cover management and operations.
- What is SNTIX's dividend yield?
- SNTIX's trailing-twelve-month yield is 3.93%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of SNTIX?
- Effective duration measures SNTIX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. SNTIX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of SNTIX?
- SNTIX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of SNTIX?
- Yield to maturity (YTM) is the total return you'd earn from SNTIX if every bond in the portfolio is held to maturity at the current price. SNTIX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
