Sit Balanced Fund
Name
As of 11/20/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
17.3%
1 yr return
23.4%
3 Yr Avg Return
4.3%
5 Yr Avg Return
10.7%
Net Assets
$60.4 M
Holdings in Top 10
35.5%
52 WEEK LOW AND HIGH
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 11/20/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SIBAX - Profile
Distributions
- YTD Total Return 17.3%
- 3 Yr Annualized Total Return 4.3%
- 5 Yr Annualized Total Return 10.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.74%
- Dividend Yield 1.6%
- 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
› | unique product or service, |
› | growing product demand, |
› | dominant and growing market share, |
› | management experience and capabilities, and |
› | strong financial condition. |
› | 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. |
SIBAX - Performance
Return Ranking - Trailing
Period | SIBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 17.3% | -2.2% | 80.8% | 6.98% |
1 Yr | 23.4% | -2.2% | 90.0% | 5.67% |
3 Yr | 4.3%* | -4.9% | 20.0% | 25.71% |
5 Yr | 10.7%* | -2.4% | 22.9% | 4.32% |
10 Yr | 9.1%* | 1.0% | 13.5% | 3.43% |
* 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% | 91.46% |
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 | 17.3% | -2.2% | 80.8% | 6.98% |
1 Yr | 23.4% | -2.2% | 90.0% | 5.67% |
3 Yr | 4.3%* | -4.9% | 20.0% | 25.71% |
5 Yr | 10.7%* | -2.4% | 22.9% | 4.32% |
10 Yr | 9.1%* | 1.0% | 13.5% | 3.43% |
* Annualized
Total Return Ranking - Calendar
Period | SIBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 22.6% | -12.2% | 26.8% | 1.16% |
2022 | -20.8% | -29.0% | 10.9% | 97.64% |
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 | 861 K | 235 B | 90.36% |
Number of Holdings | 232 | 2 | 16015 | 34.78% |
Net Assets in Top 10 | 22.8 M | 859 K | 69.8 B | 90.00% |
Weighting of Top 10 | 35.53% | 10.8% | 122.7% | 61.45% |
Top 10 Holdings
- NVIDIA Corp 7.38%
- Microsoft Corp 5.20%
- Apple Inc 4.41%
- Alphabet Inc 3.51%
- FIDELITY GOVERNMENT PORT-I 3.11%
- Broadcom Inc 3.08%
- Amazon.com Inc 2.92%
- United States Treasury Note/Bond 2.03%
- United States Treasury Note/Bond 1.94%
- UnitedHealth Group Inc 1.94%
Asset Allocation
Weighting | Return Low | Return High | SIBAX % Rank | |
---|---|---|---|---|
Stocks | 68.94% | 0.00% | 100.16% | 51.45% |
Bonds | 27.94% | 0.00% | 74.58% | 38.41% |
Cash | 3.11% | -7.92% | 100.00% | 30.87% |
Convertible Bonds | 0.51% | 0.00% | 23.84% | 46.13% |
Other | 0.15% | -42.55% | 113.97% | 30.87% |
Preferred Stocks | 0.00% | 0.00% | 23.91% | 49.57% |
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% | 10.54% |
Consumer Cyclical | 12.90% | 0.00% | 19.36% | 8.05% |
Industrials | 8.48% | 0.00% | 24.37% | 81.84% |
Financial Services | 8.41% | 0.00% | 38.77% | 93.12% |
Communication Services | 6.72% | 0.00% | 38.10% | 59.59% |
Consumer Defense | 4.88% | 0.00% | 15.14% | 83.16% |
Basic Materials | 2.06% | 0.00% | 25.57% | 84.19% |
Real Estate | 1.25% | 0.00% | 65.01% | 86.82% |
Utilities | 0.86% | 0.00% | 99.55% | 89.75% |
Energy | 0.50% | 0.00% | 85.65% | 91.51% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | SIBAX % Rank | |
---|---|---|---|---|
US | 68.94% | 0.00% | 100.16% | 48.55% |
Non US | 0.00% | 0.00% | 39.06% | 49.71% |
Bond Sector Breakdown
Weighting | Return Low | Return High | SIBAX % Rank | |
---|---|---|---|---|
Securitized | 24.85% | 0.00% | 92.13% | 29.64% |
Municipal | 24.80% | 0.00% | 24.80% | 0.15% |
Corporate | 19.41% | 0.00% | 98.21% | 84.38% |
Government | 16.46% | 0.00% | 97.26% | 74.74% |
Cash & Equivalents | 3.11% | 0.00% | 99.92% | 29.86% |
Derivative | 0.00% | -2.87% | 42.43% | 45.94% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | SIBAX % Rank | |
---|---|---|---|---|
US | 27.94% | 0.00% | 74.58% | 36.96% |
Non US | 0.00% | 0.00% | 15.37% | 41.88% |
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% | 40.63% |
Management Fee | 1.00% | 0.00% | 1.83% | 96.12% |
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% | 0.83% | 343.00% | 48.45% |
SIBAX - Distributions
Dividend Yield Analysis
SIBAX | Category Low | Category High | SIBAX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.61% | 0.00% | 17.90% | 78.99% |
Dividend Distribution Analysis
SIBAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annual | Monthly | Annual |
Net Income Ratio Analysis
SIBAX | Category Low | Category High | SIBAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.74% | -2.34% | 13.92% | 71.24% |
Capital Gain Distribution Analysis
SIBAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Oct 10, 2024 | $0.144 | OrdinaryDividend |
Jul 11, 2024 | $0.130 | OrdinaryDividend |
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 |
Dec 16, 2021 | $1.188 | OrdinaryDividend |
Oct 07, 2021 | $0.062 | OrdinaryDividend |
Jul 08, 2021 | $0.069 | OrdinaryDividend |
Apr 08, 2021 | $0.041 | OrdinaryDividend |
Dec 17, 2020 | $0.306 | OrdinaryDividend |
Oct 08, 2020 | $0.052 | OrdinaryDividend |
Jul 09, 2020 | $0.050 | OrdinaryDividend |
Apr 09, 2020 | $0.057 | OrdinaryDividend |
Dec 19, 2019 | $0.067 | OrdinaryDividend |
Dec 19, 2019 | $0.078 | CapitalGainShortTerm |
Dec 19, 2019 | $1.230 | CapitalGainLongTerm |
Oct 10, 2019 | $0.076 | OrdinaryDividend |
Jul 11, 2019 | $0.075 | OrdinaryDividend |
Apr 11, 2019 | $0.084 | OrdinaryDividend |
Dec 19, 2018 | $0.101 | OrdinaryDividend |
Dec 19, 2018 | $0.234 | CapitalGainLongTerm |
Oct 10, 2018 | $0.072 | OrdinaryDividend |
Jul 11, 2018 | $0.050 | OrdinaryDividend |
Dec 19, 2017 | $0.139 | OrdinaryDividend |
Dec 19, 2017 | $0.888 | CapitalGainLongTerm |
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 |
Dec 17, 2015 | $0.155 | OrdinaryDividend |
Dec 17, 2015 | $0.024 | CapitalGainShortTerm |
Dec 17, 2015 | $0.968 | CapitalGainLongTerm |
Oct 08, 2015 | $0.069 | OrdinaryDividend |
Jul 09, 2015 | $0.064 | OrdinaryDividend |
Apr 09, 2015 | $0.045 | OrdinaryDividend |
Dec 18, 2014 | $0.065 | OrdinaryDividend |
Dec 18, 2014 | $0.037 | CapitalGainShortTerm |
Dec 18, 2014 | $0.600 | CapitalGainLongTerm |
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 | $0.074 | 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 | $0.073 | 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 11, 2001 | $0.006 | CapitalGainLongTerm |
Dec 08, 2000 | $0.143 | OrdinaryDividend |
Dec 08, 2000 | $0.322 | CapitalGainLongTerm |
Dec 07, 1999 | $0.096 | OrdinaryDividend |
Dec 07, 1999 | $0.742 | CapitalGainLongTerm |
Dec 08, 1998 | $0.082 | OrdinaryDividend |
Dec 08, 1998 | $0.076 | CapitalGainLongTerm |
Oct 08, 1998 | $0.078 | OrdinaryDividend |
Jul 08, 1998 | $0.076 | OrdinaryDividend |
Apr 08, 1998 | $0.079 | OrdinaryDividend |
Dec 16, 1997 | $0.089 | OrdinaryDividend |
Dec 16, 1997 | $0.039 | CapitalGainShortTerm |
Dec 16, 1997 | $0.625 | CapitalGainLongTerm |
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 | 6.37 | 2.41 |