Sit Tax-Free Income Fund (SNTIX)
Sit Tax-Free Income Fund operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Minneapolis, MN, US. The stock last traded at $8.75, up 0.00% on the session, giving a market capitalisation of $130.8M. Its beta of 1.01 implies it has historically moved more than the broad market.
The Sit Tax-Free Income Fund endeavors to achieve its objective by concentrating its investments primarily in municipal securities. These particular securities are selected because they generate interest income that is free from regular federal income tax. As a core policy, the fund commits its entire net assets (100%), and by mandate no less than 80%, to these tax-exempt municipal holdings. To provide context, municipal securities are defined as debt instruments issued either by or on behalf of U.S. states, territories, and possessions, the District of Columbia, or their respective political subdivisions, agencies, and related entities.
Sit Tax-Free Income Fund is most often compared with the following Financial Services names: