4 / 5 Stars
5 4 3 3 5
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
4 / 5 Stars
#2 in Muni Minnesota
U.S. News evaluated 15 Muni Minnesota Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned -0.48 percent over the past year, 5.81 percent over the past three years, 7.01 percent over the past five years, and 4.24 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||3.6%|
|3 Years (Annualized)||5.8%|
|5 Years (Annualized)||7.0%|
|10 Years (Annualized)||4.2%|
The investment seeks high current income that is exempt from federal regular income tax and Minnesota regular personal income tax consistent with preservation of capital. The fund invests 100% (and, as a fundamental policy, no less than 80%) of its net assets in such tax-exempt municipal securities. It primarily invests in securities rated investment-grade at the time of purchase or, if unrated, determined to be of comparable quality by its investment adviser. The fund may invest up to 30% of its assets in municipal securities rated below investment-grade or determined to be of comparable quality by the Adviser. It is non-diversified.
Fees are Below Average compared to funds in the same category.
SIT Minnesota Tax Free Income Fund has an expense ratio of 0.80 percent.
Risk is Average compared to funds in the same category according to Morningstar.