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Sit Quality Income Fund
Ticker: SQIFX
Information reported as of September 30, 2024
Yields (%)
| 30-Day SEC Yield | |
| I Share | 3.53 |
| S Share | 3.78 |
The SEC yield reflects the rate at which the Fund is earning income on its current portfolio of securities.
Average Annual Returns (%)
Annualized Returns |
||||||
Three Month | One Year | Three Year | Five Year | Ten Year | Since Inception* |
|
| Sit Quality Income Fund Class S | 3.12 | 8.06 | 2.52 | 2.51 | 1.76 | 1.61 |
| Bloomberg U.S. 1-3 Year Gov't/Credit Index | 2.96 | 7.19 | 1.50 | 1.70 | 1.64 | 1.50 |
| Sit Quality Income Fund Class I | 3.19 | 8.33 | -- | -- | -- | 3.35 |
| Bloomberg U.S. 1-3 Year Gov't/Credit Index | 2.96 | 7.19 | -- | -- | -- | 3.06 |
*S Class Inception Date of 12/31/12
Y Class Inception Date of 3/30/22
Y Class Inception Date of 3/30/22
Performance figures are historical and do not guarantee future results. Investment returns and principal value will vary, and you may have a gain or loss when you sell shares. Current performance may be lower or higher than the performance data quoted. Performance data current to the most recent month-end is available. Returns include changes in share price as well as reinvestment of all dividends and capital gains. Returns do no reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Management fees and administrative expenses are included in the Fund’s performance. Returns for periods greater than one year are compounded average annual rates of return.
Returns by Year (%)
| Fund (Class S) | Index | |
| 2015 | -0.27 | 0.65 |
| 2016 | 0.79 | 1.28 |
| 2017 | 1.16 | 0.84 |
| 2018 | 0.90 | 1.60 |
| 2019 | 3.13 | 4.03 |
| 2020 | 2.96 | 3.33 |
| 2021 | 1.47 | -0.47 |
| 2022 | -1.66 | -3.69 |
| 2023 | 4.37 | 4.61 |
| 2024 | 5.01 | 4.38 |
Growth of $10,000
From December 31, 2012 to March 31, 2024
Notes
Performance listed above is current to the most recent quarter-end. Performance data current to the most recent month-end can be found on the Performance Summary page.
Mutual fund investing involves risk; principal loss is possible. There is no guarantee the Fund’s investment objectives will be achieved. Fixed-income securities present issuer default risk. Securities held by the Fund may not be backed by the full faith and credit of the United States. Call risk exists as a fixed-income security may be called, prepaid or redeemed before maturity and that similar yielding investments may not be available for purchase. Market risk may affect a single issuer, sector of the economy, industry or the market as a whole. An increase in interest rates may lower the value of the fixed-income securities held by the Fund. Declining interest rates may compel borrowers to prepay mortgages and debt obligations underlying the mortgage-backed securities owned by the Fund. The proceeds received by the Fund from prepayments may be reinvested at interest rates lower than the original investment, thus resulting in a reduction of income to the Fund. Rising interest rates could reduce prepayments and extend the life of securities with lower interest rates, which may increase the sensitivity of the Fund’s value to rising interest rates. There may be limited liquidity for certain fixed-income securities. The Fund may hold securities for which prices from pricing services may be unavailable or are deemed unreliable. More information on these risks considerations, as well as information on other risks to which the Fund is subject, as futures contacts and options, are included in the Fund’s prospectus. The prospectus may be obtained by calling Sit Mutual Funds at 1-800-332-5580 or downloaded from this website. Read the prospectus carefully before investing. Investment return and principal value of an investment will fluctuate so that an investor’s shares when redeemed may be worth more or less than their original cost.
Fund holdings, sector allocations (as % of market value) and portfolio characteristics may change at any time and are not investment recommendations. The Bloomberg 1-3 Year U.S. Government/Credit Index is an unmanaged index of Treasury or government agency securities and investment grade corporate debt securities with maturities of one to three years. The returns include the reinvestment of income and do not include any transaction costs, management fees or other costs. It is not possible to invest directly in an index.