Sit MN Tax-Free Income
3300 Ids Ctr, 80 S. 8th Street Minneapolis MN 55402
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Phone: 800-332-5580
| Category: | Muni Minnesota | | Fund Family: | Sit | | Net Assets: | 291.89M | | Year-to-Date Return: | 0.06% | | Yield: | 4.32% | | Morningstar Rating: |  | | Fund Inception Date: | 01-Dec-93 |
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Michael C. Brilley
Lead Manager since
01-Dec-93 | | | Brilley joined Sit Investment Associates in 1984 and is now a senior vice president and senior portfolio manager. Previously, he spent 10 years as a vice president and senior fixed-income officer with First Bank and five years as an investment officer with Merchants National Bank of Indianapolis. |
| Min Initial Investment: | $5,000 | | Min Initial Investment, IRA: | $2,000 | | Min Initial Investment, AIP: | $5,000 | | Min Subsequent Investment: | $100 | | Min Subsequent Investment, IRA: | $100 | | Min Subsequent Investment, AIP: | $100 |
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| The investment seeks current income exempt from federal and Minnesota income taxes consistent with preservation of capital. The fund normally invests 100% (no less than 80%) of net assets in such tax-exempt municipal securities. It may invest up to 20% of assets in securities that generate interest income subject to both Minnesota and federal alternative minimum tax (AMT). The fund substantially invests in municipal securities issued by the state of Minnesota and its political subdivisions. It is nondiversified. |
| Last Dividend
(31-Jul-08):
| 0.04 | | Last Cap Gain
| N/A | | Annual Holdings Turnover
| 37.00% | | Average for Category:
| 17.69% |
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| Expense | SMTFX | Category
Avg | | Total Expense Ratio: | 0.80%
| 1.22% | | Max 12b1 Fee: | 0.00%
| N/A | | Max Front End Sales Load: | 0.00%
| 4.09% | | Max Deferred Sales Load: | 0.00%
| 2.56% | | 3 Yr Expense Projection*: |
$256 | $652 | | 5 Yr Expense Projection*: |
$446 | $949 | | 10 Yr Expense Projection*: |
$993 | $1,757 |
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0.11% Nasdaq 
0.36%
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