SNTIX Performance — Sit Tax-Free Income Fund, Class S
Data updated: 2026-08-21
SNTIX returned +3.45% year to date and +9.36% over one year to Jun 2026. Annualised returns are +4.98% over 3 years and +0.93% over 5 years. The fund beat its Long-Term Municipal Bond category average: $100 invested three years ago grew to $116, against $112 for the category, and to $109 over one year, against $108. Volatility over the past three years was 5.86% a year. In the 12 months to Jun 2026 the fund lost a net $9.5M, and assets reached $130.04M.
SNTIX Growth of $100
What $100 invested in Sit Tax-Free Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Municipal Bond category average over the same months.
| Period | SNTIX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $109 | $108 |
| 3 years (Jul 2023 – Jun 2026) | $116 | $112 |
| 5 years (Jul 2021 – Jun 2026) | $105 | $103 |
| Since data start (Jul 2019 – Jun 2026) | $114 | $113 |
SNTIX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +3.45% |
| 1 year | +9.36% |
| 3 years (annualised) | +4.98% |
| 5 years (annualised) | +0.93% |
SNTIX Annual Returns
Calendar-year total returns of Sit Tax-Free Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +3.45% |
| 2025 | +4.32% |
| 2024 | +5.25% |
| 2023 | +4.99% |
| 2022 | −12.85% |
| 2021 | +3.17% |
| 2020 | +3.98% |
| 2019 (Jul–Dec) | +2.08% |
SNTIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.5% | +1.5% | −2.0% | +1.5% | +0.5% | +1.3% | — | — | — | — | — | — |
| 2025 | +0.2% | +1.3% | −2.0% | −0.8% | −0.4% | +0.4% | −1.0% | +1.4% | +3.5% | +1.5% | +0.3% | 0.0% |
| 2024 | +0.4% | +1.0% | +0.2% | −1.0% | +0.3% | +2.2% | +0.8% | +0.5% | +1.5% | −1.1% | +1.8% | −1.5% |
| 2023 | +3.0% | −1.9% | +0.8% | −0.2% | +0.1% | +1.4% | +0.2% | −1.7% | −2.9% | −1.5% | +5.9% | +2.2% |
| 2022 | −3.0% | −0.8% | −3.8% | −4.0% | +1.3% | −3.2% | +2.5% | −1.5% | −3.8% | −1.1% | +4.1% | +0.1% |
| 2021 | +0.7% | −1.2% | +0.7% | +1.0% | +0.7% | +0.4% | +0.6% | −0.2% | −0.9% | −0.1% | +1.0% | +0.3% |
| 2020 | +1.7% | +1.3% | −5.2% | −2.8% | +3.0% | +1.8% | +2.1% | −0.3% | 0.0% | −0.2% | +1.8% | +0.9% |
| 2019 | — | — | — | — | — | — | +0.7% | +1.5% | −0.5% | 0.0% | +0.2% | +0.1% |
SNTIX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 5.86%
- 3-year Sharpe ratio: 0.08 (vs 4.5% risk-free rate)
- Best month: +5.95% (Nov 2023)
- Worst month: −2.95% (Sep 2023)
SNTIX Fund Flows
Monthly money in and out of Sit Tax-Free Income Fund, from SEC Form N-PORT.
- 12-month net flow: −$9.5M
- 12-month gross sales (incl. reinvestments): $22.4M
- Sales ÷ redemptions: 0.70×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $1.6M | $2.1M | −$471K |
| May 2026 | $2.4M | $4.9M | −$2.5M |
| Apr 2026 | $2.5M | $1.5M | $980K |
| Mar 2026 | $1.8M | $1.9M | −$68K |
| Feb 2026 | $5.1M | $2.3M | $2.8M |
| Jan 2026 | $2.6M | $1.9M | $690K |
| Dec 2025 | $1.8M | $3.1M | −$1.4M |
| Nov 2025 | $1.6M | $2.0M | −$430K |
| Oct 2025 | $724K | $5.9M | −$5.2M |
| Sep 2025 | $1.1M | $2.5M | −$1.4M |
| Aug 2025 | $698K | $1.9M | −$1.2M |
| Jul 2025 | $664K | $2.0M | −$1.3M |
SNTIX Assets Under Management
Net assets of Sit Tax-Free Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $130.04M |
| 2026-03-31 | $128.77M |
| 2025-12-31 | $126.56M |
| 2025-09-30 | $132.47M |
| 2025-06-30 | $132.60M |
| 2025-03-31 | $155.75M |
| 2024-12-31 | $154.73M |
| 2024-09-30 | $157.49M |
| 2024-06-28 | $160.70M |
| 2024-03-28 | $163.71M |
| 2023-12-29 | $169.37M |
| 2023-09-29 | $165.34M |
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.