SIT Tax Free Income Fund (SNTIX)
The fund seeks to achieve its objective by investing primarily in municipal securities that generate interest income that is exempt from regular federal income 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.
Fund Info
US8297991056
829799105
Sep 28, 1988
$5,000
Expense Ratio
SNTIX has an expense ratio of 0.80%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
SIT Tax Free Income Fund (SNTIX) returned -1.99% year-to-date (YTD) and 2.57% over the past 12 months. Over the past 10 years, SNTIX returned 2.15% annually, underperforming the S&P 500 benchmark at 10.84%.
SNTIX
-1.99%
0.18%
-2.97%
2.57%
1.88%
0.74%
2.15%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of SNTIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.20% | 1.31% | -2.02% | -0.75% | -0.71% | -1.99% | |||||||
| 2024 | 0.44% | 0.97% | 0.23% | -0.99% | 0.32% | 2.25% | 0.80% | 0.51% | 1.55% | -1.08% | 1.76% | -1.49% | 5.32% |
| 2023 | 3.02% | -1.94% | 0.75% | -0.22% | 0.09% | 1.43% | 0.17% | -1.70% | -2.95% | -1.53% | 5.95% | 2.17% | 5.02% |
| 2022 | -2.97% | -0.82% | -3.81% | -4.00% | 1.30% | -3.24% | 2.45% | -1.43% | -3.80% | -1.06% | 4.07% | 0.06% | -12.83% |
| 2021 | 0.73% | -1.17% | 0.66% | 1.03% | 0.70% | 0.43% | 0.61% | -0.16% | -0.88% | -0.09% | 1.05% | 0.32% | 3.25% |
| 2020 | 1.66% | 1.33% | -5.20% | -2.79% | 3.04% | 1.83% | 2.12% | -0.26% | 0.04% | -0.17% | 1.78% | 0.86% | 4.02% |
| 2019 | 0.63% | 0.68% | 1.53% | 0.62% | 0.98% | 0.34% | 0.69% | 1.45% | -0.46% | 0.03% | 0.23% | 0.16% | 7.08% |
| 2018 | -0.61% | 0.05% | 0.48% | -0.23% | 1.00% | 0.04% | 0.21% | -0.04% | -0.49% | -0.86% | 0.91% | 0.29% | 0.74% |
| 2017 | 0.44% | 0.65% | 0.40% | 0.89% | 1.45% | 0.10% | 0.67% | 0.14% | 0.43% | 0.82% | 0.47% | 1.01% | 7.69% |
| 2016 | 0.98% | -0.02% | 0.79% | 0.70% | 0.71% | 1.78% | 0.04% | 0.19% | -0.54% | -0.96% | -4.23% | 1.34% | 0.66% |
| 2015 | 1.83% | -1.39% | 0.50% | -0.35% | -0.47% | -0.44% | 1.07% | 0.18% | 0.90% | 0.18% | 1.03% | 1.13% | 4.20% |
| 2014 | 3.08% | 1.41% | 0.76% | 1.62% | 2.04% | 0.21% | 0.14% | 1.69% | 0.08% | 1.13% | 0.62% | 1.01% | 14.63% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SNTIX is 27, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for SIT Tax Free Income Fund (SNTIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
SIT Tax Free Income Fund provided a 3.72% dividend yield over the last twelve months, with an annual payout of $0.31 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.31 | $0.31 | $0.30 | $0.27 | $0.27 | $0.29 | $0.31 | $0.32 | $0.39 | $0.35 | $0.38 | $0.36 |
Dividend yield | 3.72% | 3.56% | 3.54% | 3.20% | 2.69% | 2.86% | 3.09% | 3.33% | 4.00% | 3.71% | 3.86% | 3.67% |
Monthly Dividends
The table displays the monthly dividend distributions for SIT Tax Free Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.02 | $0.02 | $0.03 | $0.00 | $0.10 | |||||||
| 2024 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.31 |
| 2023 | $0.03 | $0.02 | $0.02 | $0.02 | $0.04 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.30 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.27 |
| 2021 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.29 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.31 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2017 | $0.03 | $0.02 | $0.03 | $0.02 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.04 | $0.03 | $0.05 | $0.35 |
| 2015 | $0.03 | $0.04 | $0.03 | $0.06 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.36 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the SIT Tax Free Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the SIT Tax Free Income Fund was 18.00%, occurring on Dec 16, 2008. Recovery took 189 trading sessions.
The current SIT Tax Free Income Fund drawdown is 5.59%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18% | Jan 24, 2008 | 227 | Dec 16, 2008 | 189 | Sep 17, 2009 | 416 |
| -17.11% | Jan 4, 2022 | 206 | Oct 27, 2022 | — | — | — |
| -12.86% | Mar 3, 2020 | 14 | Mar 20, 2020 | 176 | Nov 30, 2020 | 190 |
| -9.93% | May 3, 2013 | 87 | Sep 5, 2013 | 160 | Apr 25, 2014 | 247 |
| -8.77% | Feb 1, 1994 | 210 | Nov 21, 1994 | 483 | Sep 26, 1996 | 693 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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