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Fund Details
Inception Date: | 12/31/93 | |
Fund Assets (Millions): | $61.2 | |
Ticker: | SIBAX | |
CUSIP: | 82980D‑20‑2 | |
Minimum Investment Amount: | $5,000 | |
Minimum IRA Investment Amount: | $2,000 | |
Expense Ratio: | 1.00% |
Average Annual Returns (%)
Fund Objectives and Strategy
The Sit Balanced Fund seeks long-term growth consistent with preservation of principal and to provide regular income to shareholders by investing in a diversified portfolio of stocks and bonds. In seeking to achieve its long-term capital growth objective, the Fund invests in common stocks of growth companies. To provide shareholders with regular income, the Fund invests in fixed-income securities and/or common stocks selected primarily for their dividend payment potential.
Investment Style
The Fund invests in large cap growth stocks and high quality, intermediate-duration bonds.
Investment Adviser
The Sit Mutual Funds’ investment adviser is Sit Investment Associates, Inc., an employee-owned firm founded in 1981 in Minneapolis, Minnesota and currently manages $15.3 billion (as of 3/31/21). The firm’s sole business is investment management.