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Sit U.S. Government Securities Fund
Ticker: SNGVX
Information reported as of June 30, 2018
Duration (%)
| U.S. Government Securities Yield | |
| 30-Day SEC Yield | 2.76% |
| Dividend Growth Yield | |
| 30-Day SEC Yield | |
| I Share | 1.74 |
| S Share | 1.49 |
| Global Dividend Growth Yield | |
| 30-Day SEC Yield | |
| I Share | 1.85 |
| S Share | 1.60 |
| Quality Income Yield | |
| 30-Day SEC Yield | 2.27% |
| Small Cap Dividend Growth Yield | |
| 30-Day SEC Yield |
|
| Class I | 1.19 |
| Class S | 0.94 |
| Tax-Free Income Equivalent Yield | |
| 30-Day SEC Yield | 2.69 |
| 38.8% Tax Rate | 4.40 |
| 40.8% Tax Rate | 4.54 |
| Minnesota Tax-Free Income Equivalent Yield | |
| 30-Day SEC Yield | 2.72 |
| 44.83% Tax Rate | 5.30 |
| 46.63% Tax Rate | 5.51 |
| U.S. Government Securities Duration | |
| 0-1 Year | 2.9 |
| 1-5 Years | 94.9 |
| 5-10 Years | 0.8 |
| 10-20 Years | 0.0 |
| 20+ Years | 1.4 |
| Tax-Free Income Duration | |
| Average Maturity: | Duration to Estimated Average Life: |
| 17 Years | 4 Years |
| Minnesota Tax-Free Income Duration | |
| Average Maturity: | Duration to Estimated Average Life: |
| 16.2 Years | 4.6 Years |
| Quality Income Duration | |
| Average Maturity | Effective Duration |
| 9 Years | 1.1 Years |
Sector Allocation (%)
Click on chart segments for detailed information.
| Mid Cap Growth Details | |||
|---|---|---|---|
| Inception Date: | 9/2/82 | ||
| Fund Assets (Millions): | $158.5 | ||
| Wtd. Avg. Market Cap (Billions): | $25.5 | ||
| Median Market Cap (Billions): | $13.1 | ||
| Ticker: | NBNGX | ||
| CUSIP: | 829796‑10‑1 | ||
| Minimum Investment Amount: | $5,000 | ||
| Minimum IRA Investment Amount: | $2,000 | ||
| Expense Ratio: | 1.25% | ||
| Large Cap Growth Details | |||
| Inception Date: | 9/2/82 | ||
| Fund Assets (Millions): | $118.8 | ||
| Wtd. Avg. Market Cap (Billions): | $259.5 | ||
| Median Market Cap (Billions): | $73.1 | ||
| Ticker: | SNIGX | ||
| CUSIP: | 829797‑10‑9 | ||
| Minimum Investment Amount: | $5,000 | ||
| Minimum IRA Investment Amount: | $2,000 | ||
| Expense Ratio: | 1.00% | ||
| U.S. Government Securities Details | |||
| Fund Assets (Millions): | $498.7 | ||
| Average Maturity: | 18.7 Years | ||
| Effective Duration: | 2.1 Years | ||
| Ticker: | SNGVX | ||
| CUSIP: | 829800‑10‑1 | ||
| Minimum Investment Amount: | $5,000 | ||
| Minimum IRA Investment Amount: | $2,000 | ||
| Expense Ratio: | 0.80% | ||
| Tax-Free Income Details | |||
| Inception Date: | 9/29/88 | ||
| Fund Assets (Millions): | $210.6 | ||
| Average Maturity: | 17 Years | ||
| Duration to Est. Avg. Life: | 4 Years | ||
| Ticker: | SNTIX | ||
| CUSIP: | 829799‑10‑5 | ||
| Minimum Investment Amount: | $5,000 | ||
| Minimum IRA Investment Amount: | $2,000 | ||
| Expense Ratio: | 0.80% | ||
| International Growth Details | |||
| Inception Date: | 11/1/91 | ||
| Fund Assets (Millions): | $23.9 | ||
| Wtd. Avg. Market Cap (Billions): | $84.0 | ||
| Median Market Cap (Billions): | $46.0 | ||
| Ticker: | SNGRX | ||
| CUSIP: | 82980D‑10‑3 | ||
| Minimum Investment Amount: | $5,000 | ||
| Minimum IRA Investment Amount: | $2,000 | ||
| Expense Ratio: | 1.50% | ||
| Minnesota Tax-Free Income Details | |||
| Inception Date | 12/1/93 | ||
| Fund Assets | $567.1M | ||
| Average Maturity | 16.2 Years | ||
| Duration (Avg. Life) | 4.6 Years | ||
| Ticker | SMTFX | ||
| CUSIP | 82979K‑10‑0 | ||
| Minimum Investment | $5,000 | ||
| Minimum IRA Investment | $2,000 | ||
| Expense Ratio | 0.80% | ||
| Balanced Details | |||
| Inception Date: | 12/31/93 | ||
| Fund Assets (Millions): | $37.5 | ||
| Ticker: | SIBAX | ||
| CUSIP: | 82980D‑20‑2 | ||
| Minimum Investment Amount: | $5,000 | ||
| Minimum IRA Investment Amount: | $2,000 | ||
| Expense Ratio: | 1.00% | ||
| Small Cap Growth Details | |||
| Inception Date: | 7/1/94 | ||
| Fund Assets (Millions): | $100.0 | ||
| Wtd. Avg. Market Cap (Billions): | N/A | ||
| Median Market Cap (Billions): | $5.2 | ||
| Ticker: | SSMGX | ||
| CUSIP: | 82980D‑30‑1 | ||
| Minimum Investment Amount: | $5,000 | ||
| Minimum IRA Investment Amount: | $2,000 | ||
| Expense Ratio: | 1.50% | ||
| Developing Markets Growth Details | |||
| Inception Date: | 7/1/94 | ||
| Fund Assets (Millions): | $11.0 | ||
| Wtd. Avg. Market Cap (Billions): | $101.0 | ||
| Median Market Cap (Billions): | $22.6 | ||
| Ticker: | SDMGX | ||
| CUSIP: | 82980D‑40‑0 | ||
| Minimum Investment Amount: | $5,000 | ||
| Minimum IRA Investment Amount: | $2,000 | ||
| Expense Ratio: | 1.40% | ||
| Dividend Growth Details | |||
| Inception Dates | |||
| I Class | 12/31/03 | ||
| S Class | 3/31/06 | ||
| Fund Assets | |||
| I Class | $918.6M | ||
| S Class | $51.3M | ||
| Tickers | |||
| I Class | SDVGX | ||
| S Class | SDVSX | ||
| CUSIP Numbers | |||
| I Class | 82980D‑70‑7 | ||
| S Class | 82980D‑80‑6 | ||
| Minimum Investment Amounts | |||
| I Class | $100,000 | ||
| S Class | $5,000 | ||
| Minimum IRA Investment Amount | |||
| I Class | $100,000 | ||
| S Class | $2,000 | ||
| Expense Ratios | |||
| I Class | 0.70% | ||
| S Class | 0.95% | ||
| Global Dividend Growth Details | |||
| Inception Dates | |||
| I Class | 9/30/08 | ||
| S Class | 9/30/08 | ||
| Fund Assets | |||
| I Class | $28.8M | ||
| S Class | $3.2M | ||
| Tickers | |||
| I Class | GDGIX | ||
| S Class | GDGSX | ||
| CUSIP Numbers | |||
| I Class | 82980D‑88‑9 | ||
| S Class | 82980D‑87‑1 | ||
| Minimum Investment Amounts | |||
| I Class | $100,000 | ||
| S Class | $5,000 | ||
| Minimum IRA Investment Amount | |||
| I Class | $100,000 | ||
| S Class | $2,000 | ||
| Expense Ratios | |||
| I Class | 1.00% | ||
| S Class | 1.25% | ||
| Quality Income Details | |||
| Inception Date: | 12/31/12 | ||
| Fund Assets (Millions): | $77.7 | ||
| Average Maturity: | 9 Years | ||
| Effective Duration: | 1.1 Years | ||
| Ticker: | SQIFX | ||
| CUSIP: | 82979K‑50‑6 | ||
| Minimum Investment Amount: | $5,000 | ||
| Minimum IRA Investment Amount: | $2,000 | ||
| Expense Ratio: | 0.90% | ||
| Small Cap Dividend Growth Details | |||
| Inception Dates | 3/31/15 | ||
| Fund Assets | |||
| I Class | $14.6M | ||
| S Class | $3.9M | ||
| Tickers | |||
| I Class | SSCDX | ||
| S Class | SDFSX | ||
| CUSIP Numbers | |||
| I Class | 82980D‑86‑3 | ||
| S Class | 82980D‑85‑5 | ||
| Minimum Investment Amounts | |||
| I Class | $100,000 | ||
| S Class | $5,000 | ||
| Minimum IRA Investment Amount | |||
| I Class | $100,000 | ||
| S Class | $2,000 | ||
| Expense Ratios | |||
| I Class | 1.00% | ||
| S Class | 1.25% | ||
| ESG Growth Details | |||
| Inception Dates | 6/30/16 | ||
| Fund Assets | |||
| I Class | $3M | ||
| S Class | $2.7M | ||
| Tickers | |||
| I Class | IESGX | ||
| S Class | SESGX | ||
| CUSIP Numbers | |||
| I Class | 82980D‑84‑8 | ||
| S Class | 82980D‑83‑0 | ||
| Minimum Investment Amounts | |||
| I Class | $100,000 | ||
| S Class | $5,000 | ||
| Minimum IRA Investment Amount | |||
| I Class | $100,000 | ||
| S Class | $2,000 | ||
| Expense Ratios | |||
| I Class | 1.00% | ||
| S Class | 1.25% | ||
| Mid Cap Growth Returns | |||
Annualized Returns | |||
Three Month | One Year | ||
| Sit Mid Cap Growth Fund | 2.21 | 9.42 | |
| Russell Midcap® Growth Index | 3.16 | 18.52 | |
| Large Cap Growth Returns | |||
Annualized Returns | |||
Three Month | One Year | ||
| Sit Large Cap Growth Fund | 3.01 | 16.93 | |
| Russell 1000® Growth Index | 5.76 | 22.51 | |
| U.S. Government Securities Returns | |||
Annualized Returns | |||
Three Month | One Year | ||
| Sit U.S. Government Securities Fund | 0.30 | 0.60 | |
| Bloomberg Barclays Intermediate Government Index | 0.06 | -0.73 | |
| Tax-Free Income Returns | |||
Annualized Returns | |||
Three Month | One Year | ||
| Sit Tax-Free income Fund | 0.81 | 4.31 | |
| Bloomberg Barclays 5-Yr Municipal Bond Index | 0.87 | 0.27 | |
| International Growth Returns | |||
Annualized Returns | |||
Three Month | One Year | ||
| Sit International Growth Fund | -1.64 | 4.06 | |
| Morgan Stanley EAFE Index | -1.24 | 6.84 | |
| Minnesota Tax-Free Income Returns | |||
Annualized Returns | |||
Three Month | One Year | ||
| Sit MN Tax-Free Income Fund | 0.89 | 2.88 | |
| Bloomberg Barclays 5-yr Muni Bond Index | 0.87 | 0.27 | |
| Balanced Returns | |||
Annualized Returns | |||
Three Month | One Year | ||
| Sit Balanced Fund | 1.32 | 9.84 | |
| S&P 500® Index | 3.43 | 14.37 | |
| Bloomberg Barclays Aggregate Bond Index | -0.16 | -0.40 | |
| Small Cap Growth Returns | |||
Annualized Returns | |||
Three Month | One Year | ||
| Sit Small Cap Growth Fund | 4.55 | 12.68 | |
| Russell 2000® Growth Index | 7.23 | 21.86 | |
| Developing Markets Growth Returns | |||
Annualized Returns | |||
Three Month | One Year | ||
| Sit Developing Markets Growth Fund | -3.85 | 14.94 | |
| MSCI Emerging Markets Index | -8.66 | 5.81 | |
| Dividend Growth Returns | |||
Annualized Returns | |||
Three Month | One Year | ||
| Sit Dividend Growth Fund Class I | 1.01 | 10.36 | |
| S&P 500® Index | 3.43 | 14.37 | |
| Sit Dividend Growth Fund Class S | 0.94 | 10.06 | |
| S&P 500® Index | 3.43 | 14.37 | |
| Global Dividend Returns | |||
Annualized Returns | |||
Three Month | One Year | ||
| Sit Global Dividend Growth Fund Class I | -0.02 | 6.46 | |
| Sit Global Dividend Growth Fund Class S | -0.15 | 6.13 | |
| Composite Index | 1.73 | 11.09 | |
| Quality Income Returns | |||
Annualized Returns | |||
Three Month | One Year | ||
| Sit Quality Income Fund | 0.23 | 0.52 | |
| Bloomberg Barclays U.S. 1-3 Year Gov't/Credit Index | 0.28 | 0.21 | |
| Small Cap Dividend Growth Returns | |||
Annualized Returns | |||
Three Month | One Year | ||
| Sit Small Cap Dividend Growth Fund Class I | 2.50 | 8.00 | |
| Sit Small Cap Dividend Growth Fund Class S | 2.44 | 7.74 | |
| Russell 2000® Index | 7.75 | 17.57 | |
| ESG Growth Returns | |||
Three Month | One Year | ||
| Sit ESG Growth Fund Class I | 1.39 | 10.57 | |
| Sit ESG Growth Fund Class S | 1.31 | 10.37 | |
| MSCI World Index | 1.73 | 11.09 | |
| Mid Cap Growth Sectors | |||
 | 21.0 | Technology Services | |
 | 12.7 | Electronic Technology | |
 | 10.2 | Finance | |
 | 8.5 | Producer Manufacturing | |
 | 7.8 | Health Technology | |
 | 6.3 | Retail Trade | |
 | 5.1 | Consumer Services | |
 | 4.6 | Process Industries | |
 | 20.2 | Sectors less than 4% | |
 | 3.6 | Cash and Other Net Assets | |
| Large Cap Growth Sectors | |||
| 27.7 | Technology Services | |
| 14.3 | Electronic Technology | |
| 8.6 | Producer Manufacturing | |
| 8.0 | Consumer Services | |
| 8.0 | Retail Trade | |
| 7.0 | Health Technology | |
| 6.3 | Finance | |
| 4.1 | Process Industries | |
| 14.2 | Sectors less than 4% | |
| 1.8 | Cash and Other Net Assets | |
| U.S. Government Securities Sectors | |||
| 51.2 | CMO | |
| 20.6 | FNMA Pass-Through | |
| 13.0 | GNMA Pass-Through | |
| 7.7 | FHLMC Pass-Through | |
| 2.1 | Asset-Backed | |
| 1.4 | U.S. Treasury/Federal Agy. | |
| 1.1 | SBA Pass-Through | |
| 2.9 | Cash and Other Net Assets | |
| Tax-Free Income Sectors | |||
| 23.9 | Single Family Mortgage | |
| 23.8 | Multi Family Mortgage | |
| 8.6 | Other Revenue | |
| 7.1 | Insured | |
| 6.2 | Education/Student Loan | |
| 6.0 | General Obligation | |
| 4.1 | Hospital / Health Care | |
| 3.9 | Investment Companies | |
| 9.1 | Sectors less than 3% | |
| 7.3 | Cash and Other Net Assets | |
| International Growth Sectors | |||
| 19.8 | Finance | |
| 11.6 | Consumer Non-Durables | |
| 11.4 | Producer Manufacturing | |
| 8.8 | Technology Services | |
| 6.0 | Process Industries | |
| 5.6 | Health Technology | |
| 5.5 | Electronic Technology | |
| 5.4 | Consumer Durables | |
| 23.0 | Sectors less than 5% | |
| 2.9 | Cash & Other Net Assets | |
| Minnesota Tax-Free Income Sectors | |||
| 19.9 | Multi Family Mortgage | |
| 18.2 | Single Family Mortgage | |
| 15.7 | Hospital / Health Care | |
| 13.0 | Education/Student Loan | |
| 7.1 | General Obligation | |
| 5.5 | Municipal Lease | |
| 5.0 | Other Revenue | |
| 4.4 | Utility | |
| 8.8 | Sectors less than 4% | |
| 2.4 | Cash and Other Net Assets | |
| Balanced Sectors | |||
| 56.7 | Stocks | |
| 34.0 | Bonds | |
| 9.3 | Cash & Other Net Assets | |
| Small Cap Growth Sectors | |||
| 15.3 | Technology Services | |
| 15.0 | Health Technology | |
| 9.2 | Producer Manufacturing | |
| 8.4 | Electronic Technology | |
| 8.3 | Consumer Services | |
| 7.3 | Finance | |
| 5.9 | Consumer Durables | |
| 5.3 | Industrial Services | |
| 20.3 | Sectors less than 5% | |
| 2.9 | Cash and Other Net Assets | |
| Developing Markets Growth Sectors | |||
| 20.5 | Finance | |
| 15.1 | Retail Trade | |
| 13.7 | Electronic Technology | |
| 8.2 | Consumer Services | |
| 7.7 | Health Technology | |
| 7.3 | Energy Minerals | |
| 7.3 | Technology Services | |
| 3.4 | Investment Companies | |
| 12.3 | Sectors less than 3.4% | |
| 4.5 | Cash and Other Net Assets | |
| Dividend Growth Sectors | |||
| 16.0 | Finance | |
| 12.2 | Health Technology | |
| 9.7 | Electronic Technology | |
| 9.3 | Producer Manufacturing | |
| 8.1 | Consumer Non-Durables | |
| 7.0 | Technology Services | |
| 6.8 | Energy Minerals | |
| 4.8 | Retail Trade | |
| 25.6 | Sectors less than 4.8% | |
| 0.5 | Cash and Other Net Assets | |
| Global Dividend Growth Sectors | |||
| 22.3 | Finance | |
| 9.8 | Producer Manufacturing | |
| 8.8 | Health Technology | |
| 8.6 | Consumer Non-Durables | |
| 8.5 | Process Industries | |
| 7.3 | Technology Services | |
| 6.0 | Electronic Technology | |
| 5.2 | Energy Minerals | |
| 20.1 | Sectors less than 5% | |
| 3.4 | Cash & Other Net Assets | |
| Quality Income Sectors | |||
| 32.2 | U.S. Treasury/Federal Agency | |
| 17.9 | Mortgage Pass-Through (Agy.) | |
| 17.7 | Corporate Bonds | |
| 15.2 | Asset-Backed (non-agency) | |
| 7.8 | CMO (non-agency) | |
| 4.4 | Taxable Municipal | |
| 2.6 | Taxable Municipal (Agy-Backed) | |
| 2.2 | Cash and Other Net Assets | |
| Small Cap Dividend Growth Sectors | |||
| 23.5 | Finance | |
| 10.5 | Producer Manufacturing | |
| 8.8 | Process Industries | |
| 7.0 | Consumer Services | |
| 6.0 | Health Technology | |
| 5.7 | Electronic Technology | |
| 4.7 | Commercial Services | |
| 4.6 | Consumer Durables | |
| 22.4 | Sectors less than 4.5% | |
| 6.8 | Cash and Other Net Assets | |
| ESG Growth Sectors | |||
| 18.6 | Finance | |
| 11.5 | Technology Services | |
| 9.1 | Health Technology | |
| 8.7 | Consumer Non-Durables | |
| 8.6 | Consumer Services | |
| 7.6 | Producer Manufacturing | |
| 5.8 | Energy Minerals | |
| 5.8 | Process Industries | |
| 20.5 | Sectors less than 5% | |
| 3.8 | Cash and Other Net Assets | |
| Mid Cap Standard Deviation | |||
| Large Cap Standard Deviation | |||
| U.S. Government Standard Deviation | |||
| Tax-Free Income Standard Deviation | |||
| International Growth Standard Deviation | |||
| Minnesota Tax-Free Income Standard Deviation | |||
| Balanced Standard Deviation | |||
| Balanced Fund | 6.2 | ||
| S&P 500® Index | 10.0 | ||
| Bloomberg Barclay Aggregate Bond Index | 2.6 | ||
| Small Cap Growth Standard Deviation | |||
Portfolio Holdings
Complete List of Holdings for the U.S. Government Securities Fund as of June 30, 2018.Notes
Mutual fund investing involves risk; principal loss is possible. There is no guarantee the Fund’s investment objectives will be achieved. Fixed-income securities present issuer default risk. Securities held by the Fund may not be backed by the full faith and credit of the United States. Market risk may affect a single issuer, sector of the economy, industry or the market as a whole. An increase in interest rates may lower the value of the fixed-income securities held by the Fund. Declining interest rates may compel borrowers to prepay mortgages and debt obligations underlying the mortgage-backed securities owned by the Fund. The proceeds received by the Fund from prepayments may be reinvested at interest rates lower than the original investment, thus resulting in a reduction of income to the Fund. Rising interest rates could reduce prepayments and extend the life of securities with lower interest rates, which may increase the sensitivity of the Fund’s value to rising interest rates. There may be limited liquidity for certain fixed-income securities. The Fund may hold securities for which prices from pricing services may be unavailable or are deemed unreliable. More information on these risks considerations, as well as information on other risks to which the Fund is subject such as futures contacts and options, are included in the Fund’s prospectus. The prospectus may be obtained by calling Sit Mutual Funds at 1-800-332-5580 or downloaded from this website. Read the prospectus carefully before investing. Investment return and principal value of an investment will fluctuate so that an investor’s shares when redeemed may be worth more or less than their original cost. Carefully consider the Fund’s investment objectives, risks, charges and expenses before investing.
Fund holdings, sector allocations (as % of market value) and portfolio characteristics may change at any time and are not investment recommendations. The Bloomberg Barclays Intermediate Government Index is a sub-index of the Bloomberg Barclays Government Bond Index covering issues with remaining maturities of between three and five years. The Bloomberg Barclays Government Bond Index is an index that measures the performance of all public U.S. government obligations with remaining maturities of one year or more. The returns include the reinvestment of income and do not include any transaction costs, management fees or other costs. It is not possible to invest directly in an index. Duration is a measure of estimated price sensitivity relative to changes in interest rates. Portfolios with longer durations are typically more sensitive to changes in interest rates. For example, if interest rates rise by 1%, the market value of a security with an effective duration of 5 years would decrease by 5%, with all other factors being constant. The correlation between duration and price sensitivity is greater for securities rates investment-grade than it is for securities rated below investment-grade. Duration estimates are based on assumptions by the Adviser and are subject to a number of limitations. Effective duration is calculated based on historical price changes of securities held by the Fund, and therefore is a more accurate estimate of price sensitivity provided interest rates remain within their historical range.