Name
As of 04/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.7%
1 yr return
3.7%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$163 M
Holdings in Top 10
8.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.65%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 20.78%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
$1,000,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SNTYX - Profile
Distributions
- YTD Total Return 0.7%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.57%
- Dividend Yield 3.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameSit Tax-Free Income Fund
-
Fund Family NameSit Mutual Funds
-
Inception DateJun 01, 2021
-
Shares OutstandingN/A
-
Share ClassY
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPaul Jungquist
Fund Description
SNTYX - Performance
Return Ranking - Trailing
Period | SNTYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.7% | -5.5% | 7.2% | 2.86% |
1 Yr | 3.7% | -5.8% | 31.1% | 4.74% |
3 Yr | N/A* | -11.6% | 2.6% | 83.07% |
5 Yr | N/A* | -6.4% | 1101.7% | 44.76% |
10 Yr | N/A* | -0.5% | 248.1% | 17.27% |
* Annualized
Return Ranking - Calendar
Period | SNTYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.3% | -1.4% | 41.0% | 91.15% |
2022 | -15.5% | -39.7% | 0.3% | 91.03% |
2021 | N/A | -5.6% | 6.9% | N/A |
2020 | N/A | -2.6% | 310.0% | N/A |
2019 | N/A | 0.0% | 26.0% | N/A |
Total Return Ranking - Trailing
Period | SNTYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.7% | -5.5% | 7.2% | 2.86% |
1 Yr | 3.7% | -5.8% | 31.1% | 4.74% |
3 Yr | N/A* | -11.6% | 2.6% | 70.04% |
5 Yr | N/A* | -6.4% | 1101.7% | 36.79% |
10 Yr | N/A* | -0.5% | 248.1% | 18.11% |
* Annualized
Total Return Ranking - Calendar
Period | SNTYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.3% | -1.3% | 41.0% | 59.27% |
2022 | -12.4% | -39.7% | 1.1% | 88.52% |
2021 | N/A | -4.8% | 23761504.0% | N/A |
2020 | N/A | -1.5% | 17057.9% | N/A |
2019 | N/A | 0.2% | 3514.6% | N/A |
NAV & Total Return History
SNTYX - Holdings
Concentration Analysis
SNTYX | Category Low | Category High | SNTYX % Rank | |
---|---|---|---|---|
Net Assets | 163 M | 3.22 M | 71.9 B | 75.13% |
Number of Holdings | 378 | 2 | 13067 | 33.72% |
Net Assets in Top 10 | 14.6 M | -317 M | 3.56 B | 91.33% |
Weighting of Top 10 | 8.65% | 2.0% | 100.4% | 87.89% |
Top 10 Holdings
- Michigan State Housing Development Authority 1.42%
- Texas Department of Housing Community Affairs 0.94%
- State of New York Mortgage Agency Homeowner Mortgage Revenue 0.91%
- Ohio Housing Finance Agency 0.89%
- Michigan State Housing Development Authority 0.86%
- Texas Department of Housing Community Affairs 0.80%
- Ohio Housing Finance Agency 0.74%
- Los Alamitos Unified School District 0.73%
- State of New York Mortgage Agency Homeowner Mortgage Revenue 0.70%
- Florida Housing Finance Corp 0.67%
Asset Allocation
Weighting | Return Low | Return High | SNTYX % Rank | |
---|---|---|---|---|
Bonds | 85.99% | 0.00% | 150.86% | 97.61% |
Cash | 10.00% | -50.86% | 50.09% | 1.68% |
Stocks | 4.88% | 0.00% | 99.81% | 1.62% |
Preferred Stocks | 0.00% | 0.00% | 0.52% | 42.72% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 42.69% |
Other | -0.88% | -3.18% | 33.35% | 99.29% |
Stock Sector Breakdown
Weighting | Return Low | Return High | SNTYX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 0.00% | N/A |
Technology | 0.00% | 0.00% | 0.00% | N/A |
Real Estate | 0.00% | 0.00% | 0.00% | N/A |
Industrials | 0.00% | 0.00% | 100.00% | N/A |
Healthcare | 0.00% | 0.00% | 0.00% | N/A |
Financial Services | 0.00% | 0.00% | 0.00% | N/A |
Energy | 0.00% | 0.00% | 0.00% | N/A |
Communication Services | 0.00% | 0.00% | 100.00% | N/A |
Consumer Defense | 0.00% | 0.00% | 0.00% | N/A |
Consumer Cyclical | 0.00% | 0.00% | 100.00% | N/A |
Basic Materials | 0.00% | 0.00% | 0.00% | N/A |
Stock Geographic Breakdown
Weighting | Return Low | Return High | SNTYX % Rank | |
---|---|---|---|---|
US | 4.88% | 0.00% | 99.81% | 1.62% |
Non US | 0.00% | 0.00% | 10.75% | 42.78% |
Bond Sector Breakdown
Weighting | Return Low | Return High | SNTYX % Rank | |
---|---|---|---|---|
Municipal | 97.23% | 44.39% | 100.00% | 64.33% |
Cash & Equivalents | 0.00% | 0.00% | 48.02% | 75.60% |
Securitized | 0.00% | 0.00% | 5.93% | 43.60% |
Corporate | 0.00% | 0.00% | 9.41% | 52.50% |
Government | 0.00% | 0.00% | 52.02% | 47.04% |
Derivative | -0.88% | -3.18% | 23.38% | 99.35% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | SNTYX % Rank | |
---|---|---|---|---|
US | 85.99% | 0.00% | 142.23% | 97.09% |
Non US | 0.00% | 0.00% | 23.89% | 49.58% |
SNTYX - Expenses
Operational Fees
SNTYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.65% | 0.01% | 20.65% | 60.01% |
Management Fee | 0.55% | 0.00% | 1.20% | 93.47% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
SNTYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | N/A |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
SNTYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
SNTYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 20.78% | 0.00% | 283.00% | 61.29% |
SNTYX - Distributions
Dividend Yield Analysis
SNTYX | Category Low | Category High | SNTYX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.99% | 0.00% | 14.58% | 6.86% |
Dividend Distribution Analysis
SNTYX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annual | Monthly | Monthly |
Net Income Ratio Analysis
SNTYX | Category Low | Category High | SNTYX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.57% | -0.53% | 5.33% | 4.32% |
Capital Gain Distribution Analysis
SNTYX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.021 | OrdinaryDividend |
Feb 29, 2024 | $0.025 | OrdinaryDividend |
Jan 31, 2024 | $0.030 | OrdinaryDividend |
Dec 29, 2023 | $0.035 | OrdinaryDividend |
Nov 30, 2023 | $0.024 | OrdinaryDividend |
Oct 31, 2023 | $0.027 | OrdinaryDividend |
Sep 29, 2023 | $0.025 | OrdinaryDividend |
Aug 31, 2023 | $0.027 | OrdinaryDividend |
Jul 31, 2023 | $0.026 | OrdinaryDividend |
Jun 30, 2023 | $0.023 | OrdinaryDividend |
May 31, 2023 | $0.040 | OrdinaryDividend |
Apr 28, 2023 | $0.023 | OrdinaryDividend |
Mar 31, 2023 | $0.025 | OrdinaryDividend |
Feb 28, 2023 | $0.023 | OrdinaryDividend |
Jan 31, 2023 | $0.027 | OrdinaryDividend |
Dec 30, 2022 | $0.027 | OrdinaryDividend |
Nov 30, 2022 | $0.024 | OrdinaryDividend |
Oct 31, 2022 | $0.024 | OrdinaryDividend |
Sep 30, 2022 | $0.024 | OrdinaryDividend |
Aug 31, 2022 | $0.026 | OrdinaryDividend |
Jul 29, 2022 | $0.022 | OrdinaryDividend |
Jun 30, 2022 | $0.023 | OrdinaryDividend |
May 31, 2022 | $0.026 | OrdinaryDividend |
Apr 29, 2022 | $0.023 | OrdinaryDividend |
Mar 31, 2022 | $0.026 | OrdinaryDividend |
Feb 28, 2022 | $0.023 | OrdinaryDividend |
Jan 31, 2022 | $0.024 | OrdinaryDividend |
Dec 31, 2021 | $0.024 | OrdinaryDividend |
Nov 30, 2021 | $0.027 | OrdinaryDividend |
Oct 29, 2021 | $0.023 | OrdinaryDividend |
Sep 30, 2021 | $0.023 | OrdinaryDividend |
Aug 31, 2021 | $0.026 | OrdinaryDividend |
Jul 30, 2021 | $0.023 | OrdinaryDividend |
SNTYX - Fund Manager Analysis
Managers
Paul Jungquist
Start Date
Tenure
Tenure Rank
Nov 01, 2000
21.59
21.6%
Paul J. Jungquist is Vice President of Sit Investment Associates, Inc. Jungquist joined Sit Investment Associates in January 1994 and has been a portfolio manager since 2000. Previously, he worked as an auditor for Grant Thornton and has served as an assistant controller for a publicly held engineering services company. Jungquist holds the Chartered Financial Analyst designation.
Kevin O’Brien
Start Date
Tenure
Tenure Rank
Aug 01, 2018
3.83
3.8%
Kevin P. O’Brien, Vice President and Portfolio Manager, has served as a portfolio manager since July 2020 and as a research analyst from August 2018 through July 2020.
Todd Emerson
Start Date
Tenure
Tenure Rank
Aug 01, 2018
3.83
3.8%
Todd S. Emerson, Vice President and Portfolio Manager, has served as a portfolio manager since July 2020 and as a research analyst from August 2018 through July 2020.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.37 | 1.58 |