SIT Minnesota Tax Free Income Fund (SMTFX) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with SMTFX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SMTFX
SMTFX charges 0.80% annually. There are 390 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | SMTFX vs LSMSX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | SMTFX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | SMTFX vs FHMIX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | SMTFX vs FSMUX | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | 0.07% | — | Dec 2017 | SMTFX vs FGNSX |
Best Risk-Adjusted Alternatives to SMTFX
SMTFX has a PortfoliosLab risk / return rank of 76. There are 74 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | SMTFX vs DFABX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | SMTFX vs DNYMX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | SMTFX vs DFCMX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | SMTFX vs ATOIX | |
| DFA Short Term Municipal Bond Portfolio | 99 | — | Aug 2002 | SMTFX vs DFSMX |
Top Performing SMTFX Alternatives (YTD)
SMTFX is at 2.36% YTD. There are 19 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 10.27%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 10.27% | — | Apr 1998 | SMTFX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 8.40% | — | Nov 2002 | SMTFX vs NRK | |
| Nuveen Virginia Quality Municipal Income Fund | 7.07% | — | Mar 1993 | SMTFX vs NPV | |
| AllianceBernstein National Municipal Income Fund | 6.29% | — | Nov 2001 | SMTFX vs AFB | |
| BlackRock MuniYield Michigan Quality Fund | 5.83% | — | Oct 1992 | SMTFX vs MIY |
Lowest Volatility Alternatives to SMTFX
SMTFX has 3.69% 1-year volatility. There are 442 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.56%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.56% | — | Apr 2022 | SMTFX vs DFABX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | SMTFX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | SMTFX vs USMTX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | SMTFX vs DFCMX | |
| DFA Short Term Municipal Bond Portfolio | 0.61% | — | Aug 2002 | SMTFX vs DFSMX |
Lowest Drawdown Alternatives to SMTFX
SMTFX has a 1-year max drawdown of -3.46%. There are 444 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | — | May 2021 | SMTFX vs BATVX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | SMTFX vs TFCYX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | SMTFX vs ATOIX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.10% | — | Dec 2017 | SMTFX vs APUSX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | SMTFX vs FHMIX |
Other Mutual Funds from Sit
The 10 most viewed Sit mutual funds shown here include SDVGX, SSCDX, SSMGX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| SIT Dividend Growth Fund | Large Cap Blend Equities | 69 | 6.84% | — | Dec 2003 | SMTFX vs SDVGX | |
| Sit Small Cap Dividend Growth Fund | Small Cap Blend Equities | 57 | 14.71% | — | Mar 2015 | SMTFX vs SSCDX | |
| SIT Small Cap Growth Fund | Mid Cap Growth Equities | 50 | 16.12% | — | Jul 1994 | SMTFX vs SSMGX | |
| SIT Balanced Fund | Diversified Portfolio | 48 | 5.45% | — | Dec 1993 | SMTFX vs SIBAX | |
| SIT U.S. Government Securities Fund | Government Bonds | 25 | 0.31% | — | Jun 1987 | SMTFX vs SNGVX | |
| Sit Quality Income Fund | Ultrashort Bond | 47 | 0.43% | — | Dec 2012 | SMTFX vs SQIFX | |
| SIT International Growth Fund | Foreign Large Cap Equities | 30 | 11.34% | — | Oct 1991 | SMTFX vs SNGRX | |
| SIT Large Cap Growth Fund | Large Cap Growth Equities | 40 | 7.66% | — | Sep 1982 | SMTFX vs SNIGX | |
| Sit Global Dividend Growth Fund | Global Equities | 52 | 10.08% | — | Sep 2008 | SMTFX vs GDGIX | |
| SIT Mid Cap Growth Fund | Mid Cap Growth Equities | 31 | 11.87% | — | Sep 1982 | SMTFX vs NBNGX |
Often Compared With SMTFX
Investors most often compare SMTFX with SDMGX, FMBIX, NQP. These 8 comparison targets span 4 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| SIT Developing Markets Growth Fund | Emerging Markets Diversified | 91 | 27.59% | — | Jun 1994 | SMTFX vs SDMGX | |
| Fidelity Municipal Bond Index Fund | Municipal Bonds | — | — | 0.00 | Jul 2019 | SMTFX vs FMBIX | |
| Nuveen Pennsylvania Quality Municipal Income | Municipal Bonds | — | — | — | Feb 1991 | SMTFX vs NQP | |
| BlackRock MuniHoldings New Jersey Quality Fund | Municipal Bonds | 46 | 5.16% | — | Mar 1998 | SMTFX vs MUJ | |
| Sit ESG Growth Fund | Global Equities | 44 | 8.22% | — | Jun 2016 | SMTFX vs IESGX | |
| BlackRock MuniHoldings California Quality Fund | Municipal Bonds | 24 | 4.25% | — | Feb 1998 | SMTFX vs MUC | |
| PIMCO Income Fund Institutional Class | Total Bond Market | 45 | 0.81% | — | Mar 2007 | SMTFX vs PIMIX | |
| BlackRock MuniYield Pennsylvania Quality Fund | Municipal Bonds | 26 | 4.52% | — | Nov 1992 | SMTFX vs MPA |
Compare SMTFX with Any Fund or Stock
Compare SMTFX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SMTFX with funds that move differently
SIT Minnesota Tax Free Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SMTFX.
Explore SMTFX Diversifiers