Name
As of 04/22/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.5%
1 yr return
3.4%
3 Yr Avg Return
1.2%
5 Yr Avg Return
1.8%
Net Assets
$132 M
Holdings in Top 10
19.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.91%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 63.03%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$5,000
IRA
$5,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/22/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SQIFX - Profile
Distributions
- YTD Total Return 0.5%
- 3 Yr Annualized Total Return 1.2%
- 5 Yr Annualized Total Return 1.8%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.51%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameSit Quality Income Fund
-
Fund Family NameSit Mutual Funds
-
Inception DateDec 31, 2012
-
Shares OutstandingN/A
-
Share ClassS
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMark Book
Fund Description
SQIFX - Performance
Return Ranking - Trailing
Period | SQIFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.5% | -1.5% | 3.1% | 94.91% |
1 Yr | 3.4% | -0.2% | 12.2% | 95.35% |
3 Yr | 1.2%* | -2.1% | 5.8% | 90.24% |
5 Yr | 1.8%* | -1.0% | 3.9% | 80.32% |
10 Yr | 1.3%* | -4.5% | 27.5% | 76.07% |
* Annualized
Return Ranking - Calendar
Period | SQIFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.5% | -2.3% | 4.3% | 83.33% |
2022 | -5.9% | -6.5% | 0.5% | 99.04% |
2021 | 0.0% | -2.1% | 0.3% | 9.36% |
2020 | 1.7% | -3.1% | 1.8% | 1.55% |
2019 | 1.1% | -1.2% | 6.1% | 14.13% |
Total Return Ranking - Trailing
Period | SQIFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.5% | -1.5% | 3.1% | 94.91% |
1 Yr | 3.4% | -0.2% | 12.2% | 95.35% |
3 Yr | 1.2%* | -2.1% | 5.8% | 90.24% |
5 Yr | 1.8%* | -1.0% | 3.9% | 80.32% |
10 Yr | 1.3%* | -4.5% | 27.5% | 76.07% |
* Annualized
Total Return Ranking - Calendar
Period | SQIFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.6% | 0.8% | 12.1% | 91.20% |
2022 | -1.5% | -5.1% | 2.5% | 84.21% |
2021 | 1.5% | -2.1% | 14.5% | 4.93% |
2020 | 3.1% | -1.0% | 3.6% | 3.61% |
2019 | 3.1% | 0.3% | 9.6% | 44.02% |
NAV & Total Return History
SQIFX - Holdings
Concentration Analysis
SQIFX | Category Low | Category High | SQIFX % Rank | |
---|---|---|---|---|
Net Assets | 132 M | 25.6 K | 22.6 B | 84.09% |
Number of Holdings | 189 | 2 | 1291 | 71.36% |
Net Assets in Top 10 | 26 M | 32.5 K | 18.4 B | 85.00% |
Weighting of Top 10 | 19.17% | 5.6% | 163.3% | 54.09% |
Top 10 Holdings
- Fidelity Government Portfolio 2.71%
- Fannie Mae REMICS 2.51%
- Freddie Mac Multifamily Structured Pass Through Certificates 2.14%
- Fannie Mae Pool 1.94%
- Freddie Mac Multifamily Structured Pass Through Certificates 1.79%
- J.P. Morgan Mortgage Trust 2022-1 1.73%
- Freddie Mac Gold Pool 1.67%
- Fannie Mae Pool 1.65%
- Freddie Mac Pool 1.57%
- Federal Home Loan Banks 1.47%
Asset Allocation
Weighting | Return Low | Return High | SQIFX % Rank | |
---|---|---|---|---|
Bonds | 96.28% | 0.00% | 128.16% | 20.45% |
Cash | 2.71% | 0.00% | 109.89% | 70.91% |
Other | 2.61% | -29.59% | 99.92% | 60.45% |
Stocks | 0.00% | 0.00% | 97.29% | 88.64% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 82.73% |
Convertible Bonds | 0.00% | 0.00% | 15.25% | 94.52% |
Bond Sector Breakdown
Weighting | Return Low | Return High | SQIFX % Rank | |
---|---|---|---|---|
Securitized | 28.74% | 0.00% | 100.00% | 45.66% |
Corporate | 24.15% | 0.00% | 99.91% | 71.23% |
Government | 21.07% | 0.00% | 100.00% | 15.98% |
Municipal | 13.57% | 0.00% | 70.39% | 5.02% |
Cash & Equivalents | 2.71% | 0.00% | 109.89% | 65.00% |
Derivative | -0.04% | -29.59% | 21.59% | 74.55% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | SQIFX % Rank | |
---|---|---|---|---|
US | 96.28% | 0.00% | 128.16% | 19.55% |
Non US | 0.00% | 0.00% | 22.24% | 83.64% |
SQIFX - Expenses
Operational Fees
SQIFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.91% | 0.02% | 28.11% | 13.30% |
Management Fee | 0.90% | 0.00% | 1.19% | 99.55% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
SQIFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.50% | 5.75% | N/A |
Deferred Load | N/A | 0.25% | 1.00% | N/A |
Trading Fees
SQIFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.00% | 1.00% | 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.
SQIFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 63.03% | 0.00% | 369.54% | 43.78% |
SQIFX - Distributions
Dividend Yield Analysis
SQIFX | Category Low | Category High | SQIFX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 8.10% | 74.55% |
Dividend Distribution Analysis
SQIFX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
SQIFX | Category Low | Category High | SQIFX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.51% | -1.30% | 14.86% | 4.25% |
Capital Gain Distribution Analysis
SQIFX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.034 | DailyAccrualFund |
Feb 29, 2024 | $0.033 | DailyAccrualFund |
Jan 31, 2024 | $0.036 | DailyAccrualFund |
Dec 29, 2023 | $0.032 | DailyAccrualFund |
Nov 30, 2023 | $0.033 | DailyAccrualFund |
Oct 31, 2023 | $0.034 | DailyAccrualFund |
Sep 29, 2023 | $0.030 | DailyAccrualFund |
Aug 31, 2023 | $0.030 | DailyAccrualFund |
Jul 31, 2023 | $0.030 | DailyAccrualFund |
Jun 30, 2023 | $0.028 | DailyAccrualFund |
May 31, 2023 | $0.029 | DailyAccrualFund |
Apr 28, 2023 | $0.025 | DailyAccrualFund |
Mar 31, 2023 | $0.028 | DailyAccrualFund |
Feb 28, 2023 | $0.026 | DailyAccrualFund |
Jan 31, 2023 | $0.028 | DailyAccrualFund |
Dec 30, 2022 | $0.025 | DailyAccrualFund |
Nov 30, 2022 | $0.023 | DailyAccrualFund |
Oct 31, 2022 | $0.020 | DailyAccrualFund |
Sep 30, 2022 | $0.015 | DailyAccrualFund |
Jul 29, 2022 | $0.032 | DailyAccrualFund |
Jun 30, 2022 | $0.013 | DailyAccrualFund |
May 31, 2022 | $0.026 | DailyAccrualFund |
Apr 29, 2022 | $0.018 | DailyAccrualFund |
Mar 31, 2022 | $0.020 | DailyAccrualFund |
Feb 28, 2022 | $0.007 | DailyAccrualFund |
Jan 31, 2022 | $0.011 | DailyAccrualFund |
Dec 31, 2021 | $0.020 | DailyAccrualFund |
Nov 30, 2021 | $0.006 | DailyAccrualFund |
Oct 29, 2021 | $0.003 | DailyAccrualFund |
Sep 30, 2021 | $0.010 | DailyAccrualFund |
Aug 31, 2021 | $0.020 | DailyAccrualFund |
Jul 30, 2021 | $0.015 | DailyAccrualFund |
Jun 30, 2021 | $0.018 | DailyAccrualFund |
May 28, 2021 | $0.013 | DailyAccrualFund |
Apr 30, 2021 | $0.011 | DailyAccrualFund |
Mar 31, 2021 | $0.010 | DailyAccrualFund |
Feb 26, 2021 | $0.006 | DailyAccrualFund |
Jan 29, 2021 | $0.005 | DailyAccrualFund |
Dec 31, 2020 | $0.007 | DailyAccrualFund |
Nov 30, 2020 | $0.009 | DailyAccrualFund |
Oct 30, 2020 | $0.010 | DailyAccrualFund |
Sep 30, 2020 | $0.010 | DailyAccrualFund |
Aug 31, 2020 | $0.010 | DailyAccrualFund |
Jul 31, 2020 | $0.009 | DailyAccrualFund |
Jun 30, 2020 | $0.009 | DailyAccrualFund |
May 29, 2020 | $0.010 | DailyAccrualFund |
Apr 30, 2020 | $0.010 | DailyAccrualFund |
Mar 31, 2020 | $0.011 | DailyAccrualFund |
Feb 28, 2020 | $0.012 | DailyAccrualFund |
Jan 31, 2020 | $0.013 | DailyAccrualFund |
Dec 31, 2019 | $0.014 | DailyAccrualFund |
Nov 29, 2019 | $0.013 | DailyAccrualFund |
Oct 31, 2019 | $0.014 | DailyAccrualFund |
Sep 30, 2019 | $0.016 | DailyAccrualFund |
Aug 30, 2019 | $0.015 | DailyAccrualFund |
Jul 31, 2019 | $0.019 | DailyAccrualFund |
Jun 28, 2019 | $0.015 | OrdinaryDividend |
May 31, 2019 | $0.018 | DailyAccrualFund |
Apr 30, 2019 | $0.018 | DailyAccrualFund |
Mar 29, 2019 | $0.016 | DailyAccrualFund |
Feb 28, 2019 | $0.016 | DailyAccrualFund |
Jan 31, 2019 | $0.017 | DailyAccrualFund |
Dec 31, 2018 | $0.016 | DailyAccrualFund |
Nov 30, 2018 | $0.017 | DailyAccrualFund |
Oct 31, 2018 | $0.017 | DailyAccrualFund |
Aug 31, 2018 | $0.015 | DailyAccrualFund |
Jul 31, 2018 | $0.017 | DailyAccrualFund |
Jun 29, 2018 | $0.014 | DailyAccrualFund |
May 31, 2018 | $0.014 | DailyAccrualFund |
Apr 30, 2018 | $0.014 | DailyAccrualFund |
Mar 29, 2018 | $0.014 | DailyAccrualFund |
Feb 28, 2018 | $0.012 | DailyAccrualFund |
Jan 31, 2018 | $0.012 | DailyAccrualFund |
Dec 29, 2017 | $0.011 | DailyAccrualFund |
Nov 30, 2017 | $0.011 | DailyAccrualFund |
Oct 31, 2017 | $0.009 | DailyAccrualFund |
Sep 29, 2017 | $0.010 | DailyAccrualFund |
Aug 31, 2017 | $0.010 | DailyAccrualFund |
Jul 31, 2017 | $0.011 | DailyAccrualFund |
Jun 30, 2017 | $0.010 | DailyAccrualFund |
May 31, 2017 | $0.010 | DailyAccrualFund |
Apr 28, 2017 | $0.008 | DailyAccrualFund |
Mar 31, 2017 | $0.008 | DailyAccrualFund |
Feb 28, 2017 | $0.008 | DailyAccrualFund |
Jan 31, 2017 | $0.007 | DailyAccrualFund |
Dec 30, 2016 | $0.007 | DailyAccrualFund |
Nov 30, 2016 | $0.007 | DailyAccrualFund |
Oct 31, 2016 | $0.007 | DailyAccrualFund |
Sep 30, 2016 | $0.005 | DailyAccrualFund |
Aug 31, 2016 | $0.009 | DailyAccrualFund |
Jul 29, 2016 | $0.007 | DailyAccrualFund |
Jun 30, 2016 | $0.008 | DailyAccrualFund |
May 31, 2016 | $0.008 | DailyAccrualFund |
Apr 29, 2016 | $0.008 | DailyAccrualFund |
Mar 31, 2016 | $0.006 | DailyAccrualFund |
Feb 29, 2016 | $0.009 | DailyAccrualFund |
Jan 29, 2016 | $0.008 | DailyAccrualFund |
Dec 31, 2015 | $0.007 | DailyAccrualFund |
Nov 30, 2015 | $0.007 | DailyAccrualFund |
Oct 30, 2015 | $0.010 | DailyAccrualFund |
Sep 30, 2015 | $0.007 | DailyAccrualFund |
Aug 31, 2015 | $0.009 | DailyAccrualFund |
Jul 31, 2015 | $0.008 | DailyAccrualFund |
Jun 30, 2015 | $0.016 | DailyAccrualFund |
May 29, 2015 | $0.007 | DailyAccrualFund |
Apr 30, 2015 | $0.008 | DailyAccrualFund |
Mar 31, 2015 | $0.006 | DailyAccrualFund |
Feb 27, 2015 | $0.005 | DailyAccrualFund |
Jan 30, 2015 | $0.004 | DailyAccrualFund |
Dec 31, 2014 | $0.005 | DailyAccrualFund |
Nov 28, 2014 | $0.004 | DailyAccrualFund |
Oct 31, 2014 | $0.005 | DailyAccrualFund |
Sep 30, 2014 | $0.007 | DailyAccrualFund |
Aug 29, 2014 | $0.005 | DailyAccrualFund |
Jul 31, 2014 | $0.006 | DailyAccrualFund |
Jun 30, 2014 | $0.007 | DailyAccrualFund |
May 30, 2014 | $0.006 | DailyAccrualFund |
Apr 30, 2014 | $0.006 | DailyAccrualFund |
Mar 31, 2014 | $0.006 | DailyAccrualFund |
Feb 28, 2014 | $0.006 | DailyAccrualFund |
Jan 31, 2014 | $0.005 | DailyAccrualFund |
Dec 31, 2013 | $0.008 | DailyAccrualFund |
Nov 29, 2013 | $0.006 | DailyAccrualFund |
Oct 31, 2013 | $0.008 | DailyAccrualFund |
Sep 30, 2013 | $0.008 | DailyAccrualFund |
Aug 30, 2013 | $0.007 | DailyAccrualFund |
Jul 31, 2013 | $0.008 | DailyAccrualFund |
Jun 28, 2013 | $0.005 | DailyAccrualFund |
May 31, 2013 | $0.006 | DailyAccrualFund |
Apr 30, 2013 | $0.015 | DailyAccrualFund |
Mar 28, 2013 | $0.008 | DailyAccrualFund |
Feb 28, 2013 | $0.012 | DailyAccrualFund |
Jan 31, 2013 | $0.009 | DailyAccrualFund |
SQIFX - Fund Manager Analysis
Managers
Mark Book
Start Date
Tenure
Tenure Rank
Dec 31, 2012
9.42
9.4%
Mark joined Sit Investment Associates in August 2000 as a Portfolio Manager and Fixed Income Analyst. He is responsible for taxable bond portfolio management and credit research. Prior to joining SIA, Mark spent three years with U.S. Bancorp Piper Jaffray where he was Vice President and Senior Corporate Bond Strategist. Prior to U.S. Bancorp Piper Jaffray, he worked as a fixed income portfolio manager at Norwest Investment Management for one year and Insight Investment Management for six years. He also traded fixed income securities at Reliastar Financial Corporation (now ING) for five years. Mark received a B.A. in Accounting from the University of Minnesota in 1986. In 1992 he completed his M.B.A. with a concentration in finance at the University of Minnesota Carlson School of Management.
Christopher Rasmussen
Start Date
Tenure
Tenure Rank
Dec 31, 2012
9.42
9.4%
Chris joined Sit Investment Associates in February 1999, joining Sit Fixed Income in September 2002. He is responsible for taxable bond portfolio management and credit research. Chris received a B.S.B. in Finance with a minor in economics from the University of Minnesota Carlson School of Management in 2001. In 2004, he received an M.B.A with dual concentrations in finance and strategic management, also from the University of Minnesota Carlson School of Management. He currently serves as a member of the investment subcommittee for the Girl Scouts of Minnesota and Wisconsin River Valleys.
Bryce Doty
Start Date
Tenure
Tenure Rank
Dec 31, 2012
9.42
9.4%
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.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 32.44 | 6.56 | 7.92 |