SMTFX — Sit Minnesota Tax-Free Income Fund
Data updated: 2026-08-21
SMTFX — Sit Minnesota Tax-Free Income Fund. Long Municipal - National Bond · $403.23M AUM · 0.81% expense ratio. Holdings, fees, performance and SEC filings.
SMTFX Fund Overview
SMTFX — Sit Minnesota Tax-Free Income Fund is a US mutual fund managed by Sit Mutual Funds II INC, categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Sit Mutual Funds II INC
- Category: Long Municipal - National Bond
- Assets under management: $403.23M
- 1-year return: 10.6%
- Ticker: SMTFX
- SEC CIK: 0000746601
- SEC series ID: S000003468
- Share class ID: C000009602
SMTFX Holdings
Top 10 holdings of Sit Minnesota Tax-Free Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Duluth Economic Development Authority (mn) | 2.22% |
| Minnesota Agric & Economic Dev Brd | 1.98% |
| Minnesota Municipal Gas Agency (mn) | 1.81% |
| Rochester (mn), City Of | 1.79% |
| White Bear Lake Independent School District N.624 (mn) | 1.79% |
| Minnesota Housing Finance Agency (mn) | 1.60% |
| Minnesota Housing Finance Agency (mn) | 1.52% |
| Minnesota Housing Finance Agency (mn) | 1.51% |
| Minnesota Housing Finance Agency (mn) | 1.42% |
| Minnesota Housing Finance Agency (mn) | 1.41% |
SMTFX Portfolio Allocation
Asset-class allocation of Sit Minnesota Tax-Free Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 97.3% |
SMTFX Performance
Total returns for SMTFX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 3.7% |
| 1 year | 10.6% |
| 3 years (annualised) | 4.6% |
| 5 years (annualised) | 1.1% |
SMTFX Risk Information
Risk metrics for SMTFX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 5.0%
SMTFX Costs and Fees
SMTFX costs about $81 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.81%
- Gross expense ratio: 0.81%
- Portfolio turnover: 20%
- Brokerage commissions: 0.02 bps of average net assets (SEC N-CEN)
SMTFX Cashflows
Over the 12 months to 2026-06, Sit Minnesota Tax-Free Income Fund had net inflows of $8.71M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $5.52M |
| 2026-05 | $2.75M |
| 2026-04 | $1.94M |
| 2026-03 | $2.98M |
| 2026-02 | $2.85M |
| 2026-01 | $2.07M |
SMTFX Debt Constituents
Largest debt holdings of Sit Minnesota Tax-Free Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Duluth Economic Development Authority (mn) | 2.22% |
| Minnesota Agric & Economic Dev Brd | 1.98% |
| Minnesota Municipal Gas Agency (mn) | 1.81% |
| Rochester (mn), City Of | 1.79% |
| White Bear Lake Independent School District N.624 (mn) | 1.79% |
| Minnesota Housing Finance Agency (mn) | 1.60% |
| Minnesota Housing Finance Agency (mn) | 1.52% |
| Minnesota Housing Finance Agency (mn) | 1.51% |
| Minnesota Housing Finance Agency (mn) | 1.42% |
| Minnesota Housing Finance Agency (mn) | 1.41% |
SMTFX Prospectus and SEC Filings
Official Sit Minnesota Tax-Free Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-07-30
- Prospectus (485BPOS) — filed 2025-07-29
- Prospectus (485BPOS) — filed 2024-07-26
- Portfolio holdings (N-PORT) — filed 2026-08-21
- Portfolio holdings (N-PORT) — filed 2026-05-21
- Portfolio holdings (N-PORT) — filed 2026-02-25
- Annual census (N-CEN) — filed 2026-06-05
- Annual census (N-CEN) — filed 2025-06-11
Related Funds
Other Long Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.