Sit Balanced Fund
Fund
SIBAX
Price as of:
$31.32
- $0.30
- 0.95%
Primary Theme
fund company
Name
As of 04/19/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
2.0%
1 yr return
17.3%
3 Yr Avg Return
3.2%
5 Yr Avg Return
8.7%
Net Assets
$60.4 M
Holdings in Top 10
31.1%
52 WEEK LOW AND HIGH
$31.6
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.05%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 38.30%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$5,000
IRA
$2,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/19/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
SIBAX - Profile
Distributions
- YTD Total Return 2.0%
- 3 Yr Annualized Total Return 3.2%
- 5 Yr Annualized Total Return 8.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.74%
- Dividend Yield 1.5%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameSit Balanced Fund
-
Fund Family NameSIT Mutual Funds
-
Inception DateMar 07, 1997
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBryce Doty
Fund Description
The Fund seeks to achieve its objective by investing in a diversified portfolio of stocks and bonds. In seeking to achieve the Fund’s 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.
Between 35% and 65% of the Fund’s assets will be invested in common stocks and between 35% and 65% in fixed-income securities. The Fund’s allocation of assets will vary over time in response to the Adviser’s evaluation of present and anticipated market and economic conditions. The Fund may invest in open‑end investment companies (mutual funds) and closed‑end investment companies which invest in the same types of securities in which the Fund may invest directly.
The equity portion of the Fund’s portfolio is invested primarily in the common stocks of U.S. growth companies with a capitalization of $5 billion or more at the time of purchase.
In selecting equity securities for the Fund, the Adviser invests in growth-oriented companies it believes exhibit the potential for superior growth. The Adviser believes that a company’s earnings growth is the primary determinant of its potential long-term return and evaluates a company’s potential for above average long-term earnings and revenue growth. Several factors are considered in the Adviser’s evaluation of a company, including:
| › | unique product or service, |
| › | growing product demand, |
| › | dominant and growing market share, |
| › | management experience and capabilities, and |
| › | strong financial condition. |
When selling equity securities for the Fund, the Adviser considers several factors, including changes in a company’s fundamentals and anticipated earnings.
The fixed-income portion of the Fund’s portfolio is invested primarily in a diversified portfolio of debt securities that may include the following securities:
| › | mortgage-backed securities (including collateralized mortgage obligations), such as securities issued by Government National Mortgage Association (GNMA securities are backed by the full faith and credit of the U.S. government), Federal Home Loan Mortgage Corporation (FHLMC) and Federal National Mortgage Association (FNMA) (FHLMC and FNMA securities are backed by the credit of the issuing governmental agency), |
| › | asset-backed securities collateralized by assets such as automobile and credit card receivables, utilities, home improvement loans and home equity loans, |
| › | obligations of the U.S. government, its agencies and instrumentalities, |
| › | corporate debt securities, |
| › | taxable municipal securities, and |
| › | short-term debt obligations, including commercial paper and bank instruments, such as certificates of deposit, time deposits, and bankers’ acceptances. The Fund invests primarily in debt securities that, at the time of purchase, are either rated investment-grade (BBB or above by S&P Global Ratings or Baa or above by Moody’s Investor Services), or, if unrated, determined to be of comparable quality by the Adviser. Unrated securities will not exceed 20% of the fixed-income portion of the Fund’s portfolio. As of September 30, 2023, there were no unrated securities in the fixed-income portion of the Fund’s portfolio. |
In selecting fixed-income securities for the Fund, the Adviser seeks fixed-income securities providing maximum total return. The Fund invests in primarily investment grade fixed-income securities. Investment grade fixed-income securities are rated at the time of purchase within the top four rating categories by a Nationally Recognized Statistical Rating Organization or of comparable quality as determined by the Adviser. In making purchase and sales decisions for the Fund, the Adviser considers its economic outlook and interest rate forecast, as well as its evaluation of a fixed-income security’s credit quality, yield, maturity, and liquidity. Based upon its economic outlook, the Adviser attempts to shift the fixed-income sector concentrations of the portfolio. Based upon its interest rate forecast, the Adviser attempts to shift the fixed-income portfolio’s average effective duration, seeking to maintain an average effective duration for the fixed-income portion of the Fund’s portfolio of 3 to 7 years. 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 3 years would decrease by 3%, with all other factors being constant.
SIBAX - Performance
Return Ranking - Trailing
| Period | SIBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.0% | -1.9% | 23.2% | 26.57% |
| 1 Yr | 17.3% | -9.3% | 42.6% | 1.96% |
| 3 Yr | 3.2%* | -6.9% | 8.2% | 21.54% |
| 5 Yr | 8.7%* | -4.3% | 14.0% | 6.32% |
| 10 Yr | 8.4%* | 0.5% | 10.5% | 3.62% |
* Annualized
Return Ranking - Calendar
| Period | SIBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 20.9% | -12.2% | 23.9% | 0.56% |
| 2022 | -24.5% | -34.7% | 0.0% | 90.73% |
| 2021 | 12.5% | -11.9% | 18.1% | 5.90% |
| 2020 | 18.8% | -20.9% | 39.7% | 2.63% |
| 2019 | 13.4% | 0.8% | 25.7% | 54.53% |
Total Return Ranking - Trailing
| Period | SIBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.0% | -1.9% | 23.2% | 26.57% |
| 1 Yr | 17.3% | -9.3% | 42.6% | 1.96% |
| 3 Yr | 3.2%* | -6.9% | 8.2% | 21.54% |
| 5 Yr | 8.7%* | -4.3% | 14.0% | 6.32% |
| 10 Yr | 8.4%* | 0.5% | 10.5% | 3.62% |
* Annualized
Total Return Ranking - Calendar
| Period | SIBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 22.6% | -12.2% | 26.8% | 1.13% |
| 2022 | -20.8% | -29.0% | 10.9% | 97.72% |
| 2021 | 17.1% | -3.0% | 24.2% | 10.18% |
| 2020 | 20.7% | -19.5% | 40.6% | 4.48% |
| 2019 | 20.7% | 4.4% | 32.7% | 33.07% |
NAV & Total Return History
SIBAX - Holdings
Concentration Analysis
| SIBAX | Category Low | Category High | SIBAX % Rank | |
|---|---|---|---|---|
| Net Assets | 60.4 M | 789 K | 217 B | 88.55% |
| Number of Holdings | 227 | 2 | 15716 | 34.12% |
| Net Assets in Top 10 | 17.4 M | 618 K | 62.8 B | 92.37% |
| Weighting of Top 10 | 31.13% | 11.4% | 121.1% | 68.10% |
Top 10 Holdings
- Microsoft Corp 5.25%
- Apple Inc 4.72%
- NVIDIA Corp 3.57%
- FIDELITY GOVERNMENT PORT-I 3.51%
- Alphabet Inc 3.10%
- Broadcom Inc 2.97%
- Amazon.com Inc 2.64%
- UnitedHealth Group Inc 2.31%
- Salesforce Inc 1.72%
- Intuit Inc 1.34%
Asset Allocation
| Weighting | Return Low | Return High | SIBAX % Rank | |
|---|---|---|---|---|
| Stocks | 66.85% | 0.00% | 103.09% | 52.15% |
| Bonds | 28.91% | 0.00% | 77.27% | 38.00% |
| Cash | 3.95% | -10.21% | 100.00% | 26.63% |
| Convertible Bonds | 0.51% | 0.00% | 23.84% | 46.51% |
| Other | 0.29% | -42.80% | 117.44% | 28.43% |
| Preferred Stocks | 0.00% | 0.00% | 23.88% | 54.23% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | SIBAX % Rank | |
|---|---|---|---|---|
| Technology | 37.09% | 0.00% | 44.21% | 0.98% |
| Healthcare | 16.85% | 0.00% | 29.35% | 10.64% |
| Consumer Cyclical | 12.90% | 0.00% | 19.36% | 8.26% |
| Industrials | 8.48% | 0.00% | 24.37% | 81.65% |
| Financial Services | 8.41% | 0.00% | 38.77% | 93.42% |
| Communication Services | 6.72% | 0.00% | 38.10% | 59.38% |
| Consumer Defense | 4.88% | 0.00% | 15.14% | 82.63% |
| Basic Materials | 2.06% | 0.00% | 33.35% | 84.31% |
| Real Estate | 1.25% | 0.00% | 65.01% | 87.11% |
| Utilities | 0.86% | 0.00% | 99.55% | 89.64% |
| Energy | 0.50% | 0.00% | 85.65% | 91.46% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | SIBAX % Rank | |
|---|---|---|---|---|
| US | 66.85% | 0.00% | 103.09% | 48.96% |
| Non US | 0.00% | 0.00% | 38.68% | 55.76% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | SIBAX % Rank | |
|---|---|---|---|---|
| Securitized | 24.85% | 0.00% | 92.13% | 29.89% |
| Municipal | 24.80% | 0.00% | 24.80% | 0.14% |
| Corporate | 19.41% | 0.00% | 98.21% | 83.66% |
| Government | 16.46% | 0.00% | 97.26% | 73.60% |
| Cash & Equivalents | 3.51% | 0.00% | 100.00% | 27.46% |
| Derivative | 0.00% | -3.07% | 46.02% | 54.09% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | SIBAX % Rank | |
|---|---|---|---|---|
| US | 28.91% | 0.00% | 77.27% | 36.48% |
| Non US | 0.00% | 0.00% | 14.17% | 47.16% |
SIBAX - Expenses
Operational Fees
| SIBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.05% | 0.03% | 17.63% | 46.96% |
| Management Fee | 1.00% | 0.00% | 1.83% | 96.41% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.83% | N/A |
Sales Fees
| SIBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| SIBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| SIBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 38.30% | 0.00% | 343.00% | 47.77% |
SIBAX - Distributions
Dividend Yield Analysis
| SIBAX | Category Low | Category High | SIBAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.49% | 0.00% | 18.07% | 78.62% |
Dividend Distribution Analysis
| SIBAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Monthly | Quarterly |
Net Income Ratio Analysis
| SIBAX | Category Low | Category High | SIBAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.74% | -2.34% | 19.41% | 71.61% |
Capital Gain Distribution Analysis
| SIBAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Apr 11, 2024 | $0.118 | OrdinaryDividend |
| Dec 14, 2023 | $0.117 | OrdinaryDividend |
| Oct 12, 2023 | $0.103 | OrdinaryDividend |
| Jul 12, 2023 | $0.102 | OrdinaryDividend |
| Apr 12, 2023 | $0.098 | OrdinaryDividend |
| Dec 15, 2022 | $1.056 | OrdinaryDividend |
| Oct 11, 2022 | $0.075 | OrdinaryDividend |
| Jul 12, 2022 | $0.089 | OrdinaryDividend |
| Apr 12, 2022 | $0.040 | OrdinaryDividend |
| Oct 07, 2021 | $0.062 | OrdinaryDividend |
| Jul 08, 2021 | $0.069 | OrdinaryDividend |
| Apr 08, 2021 | $0.041 | OrdinaryDividend |
| Oct 08, 2020 | $0.052 | OrdinaryDividend |
| Jul 09, 2020 | $0.050 | OrdinaryDividend |
| Apr 09, 2020 | $0.057 | OrdinaryDividend |
| Dec 19, 2019 | $1.308 | OrdinaryDividend |
| Oct 10, 2019 | $0.076 | OrdinaryDividend |
| Jul 11, 2019 | $0.075 | OrdinaryDividend |
| Apr 11, 2019 | $0.084 | OrdinaryDividend |
| Oct 10, 2018 | $0.072 | OrdinaryDividend |
| Jul 11, 2018 | $0.050 | OrdinaryDividend |
| Oct 12, 2017 | $0.060 | OrdinaryDividend |
| Jul 12, 2017 | $0.074 | OrdinaryDividend |
| Apr 12, 2017 | $0.056 | OrdinaryDividend |
| Dec 15, 2016 | $0.064 | OrdinaryDividend |
| Oct 12, 2016 | $0.050 | OrdinaryDividend |
| Jul 13, 2016 | $0.063 | OrdinaryDividend |
| Apr 13, 2016 | $0.162 | OrdinaryDividend |
| Oct 08, 2015 | $0.069 | OrdinaryDividend |
| Jul 09, 2015 | $0.064 | OrdinaryDividend |
| Apr 09, 2015 | $0.046 | OrdinaryDividend |
| Oct 09, 2014 | $0.067 | OrdinaryDividend |
| Jul 10, 2014 | $0.074 | OrdinaryDividend |
| Apr 10, 2014 | $0.067 | OrdinaryDividend |
| Dec 18, 2013 | $0.057 | OrdinaryDividend |
| Oct 09, 2013 | $0.063 | OrdinaryDividend |
| Jul 10, 2013 | $0.068 | OrdinaryDividend |
| Apr 10, 2013 | $0.075 | OrdinaryDividend |
| Dec 19, 2012 | $0.059 | OrdinaryDividend |
| Oct 10, 2012 | $0.075 | OrdinaryDividend |
| Jul 11, 2012 | $0.067 | OrdinaryDividend |
| Apr 11, 2012 | $0.068 | OrdinaryDividend |
| Dec 16, 2011 | $0.033 | OrdinaryDividend |
| Oct 07, 2011 | $0.070 | OrdinaryDividend |
| Jul 08, 2011 | $0.077 | OrdinaryDividend |
| Apr 08, 2011 | $0.076 | OrdinaryDividend |
| Dec 17, 2010 | $0.075 | OrdinaryDividend |
| Oct 08, 2010 | $0.077 | OrdinaryDividend |
| Jul 09, 2010 | $0.077 | OrdinaryDividend |
| Apr 09, 2010 | $0.092 | OrdinaryDividend |
| Dec 18, 2009 | $0.097 | OrdinaryDividend |
| Oct 08, 2009 | $0.092 | OrdinaryDividend |
| Jul 10, 2009 | $0.093 | OrdinaryDividend |
| Apr 08, 2009 | $0.100 | OrdinaryDividend |
| Dec 19, 2008 | $0.106 | OrdinaryDividend |
| Oct 10, 2008 | $0.114 | OrdinaryDividend |
| Jul 11, 2008 | $0.128 | OrdinaryDividend |
| Apr 11, 2008 | $0.087 | OrdinaryDividend |
| Dec 18, 2007 | $0.084 | OrdinaryDividend |
| Oct 05, 2007 | $0.076 | OrdinaryDividend |
| Jul 10, 2007 | $0.084 | OrdinaryDividend |
| Apr 10, 2007 | $0.074 | OrdinaryDividend |
| Dec 15, 2006 | $0.084 | OrdinaryDividend |
| Oct 06, 2006 | $0.099 | OrdinaryDividend |
| Jul 07, 2006 | $0.081 | OrdinaryDividend |
| Apr 07, 2006 | $0.079 | OrdinaryDividend |
| Dec 15, 2005 | $0.062 | OrdinaryDividend |
| Oct 07, 2005 | $0.059 | OrdinaryDividend |
| Jul 08, 2005 | $0.062 | OrdinaryDividend |
| Apr 08, 2005 | $0.055 | OrdinaryDividend |
| Dec 15, 2004 | $0.090 | OrdinaryDividend |
| Oct 07, 2004 | $0.053 | OrdinaryDividend |
| Jul 08, 2004 | $0.063 | OrdinaryDividend |
| Apr 08, 2004 | $0.047 | OrdinaryDividend |
| Dec 09, 2003 | $0.055 | OrdinaryDividend |
| Oct 07, 2003 | $0.053 | OrdinaryDividend |
| Jul 08, 2003 | $0.063 | OrdinaryDividend |
| Apr 08, 2003 | $0.076 | OrdinaryDividend |
| Dec 10, 2002 | $0.078 | OrdinaryDividend |
| Oct 08, 2002 | $0.084 | OrdinaryDividend |
| Jul 09, 2002 | $0.094 | OrdinaryDividend |
| Apr 09, 2002 | $0.083 | OrdinaryDividend |
| Dec 11, 2001 | $0.090 | OrdinaryDividend |
| Dec 08, 2000 | $0.143 | OrdinaryDividend |
| Dec 08, 1998 | $0.082 | OrdinaryDividend |
| Oct 08, 1998 | $0.078 | OrdinaryDividend |
| Jul 08, 1998 | $0.076 | OrdinaryDividend |
| Apr 08, 1998 | $0.079 | OrdinaryDividend |
| Dec 16, 1997 | $0.089 | OrdinaryDividend |
| Oct 08, 1997 | $0.091 | OrdinaryDividend |
| Jul 08, 1997 | $0.089 | OrdinaryDividend |
| Apr 08, 1997 | $0.090 | OrdinaryDividend |
SIBAX - Fund Manager Analysis
Managers
Bryce Doty
Start Date
Tenure
Tenure Rank
Dec 31, 1995
26.43
26.4%
Bryce A. Doty, Vice President – Investments, served as Senior Vice President and Senior Portfolio Manager of Sit Investment Fixed Income Advisors, Inc. Prior to joining Sit Investment Associates in 1995, Bryce gained extensive experience during his seven years with Minnesota Mutual in management consulting. Bryce earned his M.B.A. degree, with a concentration in finance, from the Carlson School of Management at the University of Minnesota in 1992. He earned a B.A. degree in business management, with minors in physics and psychology, from Hamline University in 1988. Bryce is a CFA charter holder.
Roger Sit
Start Date
Tenure
Tenure Rank
Jun 27, 2008
13.93
13.9%
Roger J. Sit – CEO and Global Chief Investment Officer Roger Sit directs investment management activities for Sit Investment Associates, a diverse financial asset management firm with capabilities in both domestic and international investment products. Roger joined the organization in January 1998 and worked closely with firm founder Gene Sit for over ten years. Prior to joining the firm, Roger was a Vice President and Senior Equity Research Analyst at Goldman Sachs & Co. in New York for seven years. Additionally, he was a Captain in the U.S. Air Force, serving six years active duty with financial management responsibilities at Headquarters Space Division. Roger graduated with Military Distinction from the U.S. Air Force Academy in 1984. He earned a M.S. in Systems Management from the University of Southern California in 1987 and an M.B.A. with honors from the Harvard Graduate School of Business in 1991. Roger serves on the boards of Convergent Capital, TCF Financial Corporation, the Minneapolis Institute of Arts and the McKnight Foundation.
Ronald Sit
Start Date
Tenure
Tenure Rank
Nov 01, 2016
5.58
5.6%
Ronald D. Sit, CFA, is Vice President of Sit Investment Associates, Inc. He is a Research and Investment Management analyst on consumer non-durable, commercial services, and retail sectors. He received his MM and BA from Northwestern University. Employment History: Sit Investment Associates, Inc. (1984-Present) Gelco Corporation, Treasury Assistant (1981-1982) Piper Jaffray, Research Assistant (1977)
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 34.51 | 6.34 | 2.41 |