SNTIX Fees and Costs — Sit Tax-Free Income Fund, Class S
Data updated: 2026-08-21
The net expense ratio is 0.95%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $3K in broker commissions, 0.0026% of average net assets, and portfolio turnover was 27%.
SNTIX Fees and Expenses
Annual operating expenses and sales charges of SNTIX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 0.95% |
| Fee waiver | — |
| Net expense ratio | 0.95% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
SNTIX Costs Over Time
On $10,000 invested in SNTIX, assuming 5% a year before costs, total costs come to $596 over 5 years, cutting the return by 1.00% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.95%) | $100 | $311 | $540 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $15 | $55 |
| Total costs | $100 | $328 | $596 |
| Value after costs | $10,400 | $11,249 | $12,166 |
| Impact on return, per year | 1.00% | 1.00% | 1.00% |
SNTIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0026%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $89.9M
- Portfolio turnover (prospectus): 27%
- Securities lending: none during the year
SNTIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CLEAR STREET LLC | $3K | 100.00% |
SNTIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RAYMOND JAMES & ASSOCIATES, INC. | $7.7M | 13.27% |
| MBS CAPITAL MARKETS, LLC | $6.8M | 11.64% |
| BNY MELLON CAPITAL MARKETS, LLC | $6.1M | 10.53% |
| B. C. ZIEGLER AND COMPANY | $6.0M | 10.27% |
| STIFEL, NICOLAUS & COMPANY, INC. | $6.0M | 10.25% |
| RBC CAPITAL MARKETS, LLC | $5.9M | 10.07% |
| Wells Fargo Clearing Services, LLC | $5.5M | 9.37% |
| PIPER SANDLER & CO. | $5.3M | 9.16% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $5.1M | 8.82% |
| J.P. Morgan Securities LLC | $3.9M | 6.62% |
Sit Tax-Free Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SNTYX | Class Y | 0.70% | — |
| SNTIX | Class S | 0.95% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.