|Fund Assets (Millions):||$420.9|
|Average Maturity:||18.4 Years|
|Effective Duration:||2.7 Years|
|Minimum Investment Amount:||$5,000|
|Minimum IRA Investment Amount:||$2,000|
Fund Objectives and Strategy
The Sit U.S. Government Securities Fund objective is high current income and safety of principal. The Fund seeks to achieve its objective by investing exclusively in U.S. government securities, which are securities issued, guaranteed or insured by the U.S. government, its agencies or instrumentalities. In selecting securities for the Fund, the Adviser seeks securities providing high current income relative to yields currently available in the market. In making purchase and sales decisions for the Fund, the Adviser considers their economic outlook and interest rate forecast, as well as their evaluation of a security’s prepayment risk, yield, maturity, and liquidity.
The Sit Mutual Funds’ investment adviser is Sit Investment Associates, Inc. It is an employee-owned firm founded in 1981 in Minneapolis, Minnesota and currently manages $13.4 billion (as of 9/30/19). The firm’s sole business is investment management.