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Name

As of 11/01/2024

Price

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

Sit Balanced Fund

SIBAX | Fund

$35.02

$60.4 M

1.64%

$0.57

1.11%

Vitals

YTD Return

14.9%

1 yr return

25.8%

3 Yr Avg Return

3.7%

5 Yr Avg Return

10.4%

Net Assets

$60.4 M

Holdings in Top 10

35.5%

52 WEEK LOW AND HIGH

$34.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.11%

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 11/01/2024

Price

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

Sit Balanced Fund

SIBAX | Fund

$35.02

$60.4 M

1.64%

$0.57

1.11%

SIBAX - Profile

Distributions

  • YTD Total Return 14.9%
  • 3 Yr Annualized Total Return 3.7%
  • 5 Yr Annualized Total Return 10.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.74%
DIVIDENDS
  • Dividend Yield 1.6%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Sit Balanced Fund
  • Fund Family Name
    SIT Mutual Funds
  • Inception Date
    Mar 07, 1997
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Bryce 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, 2024, 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.
Read More

SIBAX - Performance

Return Ranking - Trailing

Period SIBAX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.9% -3.2% 57.3% 5.79%
1 Yr 25.8% -2.8% 64.3% 3.91%
3 Yr 3.7%* -5.5% 13.7% 25.04%
5 Yr 10.4%* -3.3% 19.4% 4.32%
10 Yr 9.1%* 0.9% 11.9% 3.00%

* Annualized

Return Ranking - Calendar

Period SIBAX Return Category Return Low Category Return High Rank in Category (%)
2023 20.9% -12.2% 23.9% 0.58%
2022 -24.5% -34.7% 2.8% 91.50%
2021 12.5% -11.9% 18.1% 6.22%
2020 18.8% -20.9% 39.7% 2.70%
2019 13.4% 0.8% 25.7% 54.90%

Total Return Ranking - Trailing

Period SIBAX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.9% -3.2% 57.3% 5.79%
1 Yr 25.8% -2.8% 64.3% 3.91%
3 Yr 3.7%* -5.5% 13.7% 25.04%
5 Yr 10.4%* -3.3% 19.4% 4.32%
10 Yr 9.1%* 0.9% 11.9% 3.00%

* Annualized

Total Return Ranking - Calendar

Period SIBAX Return Category Return Low Category Return High Rank in Category (%)
2023 22.6% -12.2% 26.8% 1.15%
2022 -20.8% -29.0% 10.9% 97.65%
2021 17.1% -3.0% 27.3% 10.62%
2020 20.7% -19.5% 40.6% 4.29%
2019 20.7% 2.2% 32.7% 33.33%

NAV & Total Return History

SIBAX - Holdings

Concentration Analysis

SIBAX Category Low Category High SIBAX % Rank
Net Assets 60.4 M 789 K 230 B 89.97%
Number of Holdings 232 2 16015 34.63%
Net Assets in Top 10 22.8 M 577 K 69.8 B 89.61%
Weighting of Top 10 35.53% 10.8% 122.7% 61.18%

Top 10 Holdings

  1. NVIDIA Corp 7.38%
  2. Microsoft Corp 5.20%
  3. Apple Inc 4.41%
  4. Alphabet Inc 3.51%
  5. FIDELITY GOVERNMENT PORT-I 3.11%
  6. Broadcom Inc 3.08%
  7. Amazon.com Inc 2.92%
  8. United States Treasury Note/Bond 2.03%
  9. United States Treasury Note/Bond 1.94%
  10. UnitedHealth Group Inc 1.94%

Asset Allocation

Weighting Return Low Return High SIBAX % Rank
Stocks 		68.94% 0.00% 100.16% 51.66%
Bonds 		27.94% 0.00% 74.58% 38.24%
Cash 		3.11% -7.92% 100.00% 30.74%
Convertible Bonds 		0.51% 0.00% 23.84% 45.78%
Other 		0.15% -42.55% 113.97% 30.74%
Preferred Stocks 		0.00% 0.00% 23.91% 51.95%

Stock Sector Breakdown

Weighting Return Low Return High SIBAX % Rank
Technology 		37.09% 0.00% 44.21% 1.02%
Healthcare 		16.85% 0.00% 29.35% 10.50%
Consumer Cyclical 		12.90% 0.00% 19.36% 8.02%
Industrials 		8.48% 0.00% 24.37% 81.92%
Financial Services 		8.41% 0.00% 38.77% 93.15%
Communication Services 		6.72% 0.00% 38.10% 59.33%
Consumer Defense 		4.88% 0.00% 15.14% 82.80%
Basic Materials 		2.06% 0.00% 33.35% 84.26%
Real Estate 		1.25% 0.00% 65.01% 86.88%
Utilities 		0.86% 0.00% 99.55% 89.36%
Energy 		0.50% 0.00% 85.65% 91.55%

Stock Geographic Breakdown

Weighting Return Low Return High SIBAX % Rank
US 		68.94% 0.00% 100.16% 48.77%
Non US 		0.00% 0.00% 39.06% 52.24%

Bond Sector Breakdown

Weighting Return Low Return High SIBAX % Rank
Securitized 		24.85% 0.00% 92.13% 29.51%
Municipal 		24.80% 0.00% 24.80% 0.15%
Corporate 		19.41% 0.00% 98.21% 84.01%
Government 		16.46% 0.00% 97.26% 74.42%
Cash & Equivalents 		3.11% 0.00% 99.92% 29.73%
Derivative 		0.00% -2.87% 42.43% 48.77%

Bond Geographic Breakdown

Weighting Return Low Return High SIBAX % Rank
US 		27.94% 0.00% 74.58% 36.80%
Non US 		0.00% 0.00% 15.37% 44.44%

SIBAX - Expenses

Operational Fees

SIBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.11% 0.03% 17.63% 40.89%
Management Fee 1.00% 0.00% 1.83% 96.13%
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% 48.69%

SIBAX - Distributions

Dividend Yield Analysis

SIBAX Category Low Category High SIBAX % Rank
Dividend Yield 1.64% 0.00% 17.90% 78.65%

Dividend Distribution Analysis

SIBAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Quarterly

Net Income Ratio Analysis

SIBAX Category Low Category High SIBAX % Rank
Net Income Ratio 0.74% -2.34% 19.41% 71.37%

Capital Gain Distribution Analysis

SIBAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

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 6.36 2.41

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