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Alexander Hamilton's Legacy

Revolutionary War Hero — First Treasury Secretary

The Federalist Papers — Shaped U.S. Foreign Policy

Government-Backed Bonds

Gold-Based Dollar — A Paid Military

Sit U.S. Government Securities Fund

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Alexander Hamilton's Legacy

Revolutionary War Hero — First Treasury Secretary

The Federalist Papers — Shaped U.S. Foreign Policy

Government-Backed Bonds

Gold-Based Dollar — A Paid Military

Sit U.S. Government Securities Fund

FASTTRACK:       Daily Prices       |       Account Access        |       Mutual Fund Performance       |       Contact Us

Sit U.S. Government Securities Fund

Tickers: SNGVX, SNGYX

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Information reported as of March 31, 2025

Fund Details

Inception Dates
   S Class6/2/1987
   Y Class1/1/2020
Fund Assets
   S Class$153.8M
   Y Class$58.3M
Average Maturity:23.2 Years
Effective Duration:3.7 Years
Tickers
   S ClassSNGVX
   Y ClassSNGYX
CUSIP Numbers
   S Class829800‑10‑1
   Y Class82980B‑10‑7
Minimum Investment Amounts
   S Class$5,000
   Y Class$1,000,000
Minimum IRA Investment Amount
   S Class$2,000
   Y Class$1,000,000
Expense Ratios
   S Class0.80%
   Y Class0.55%

Average Annual Returns


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.

Fund Objectives and Strategy

The Sit U.S. Government Securities Fund objective is high current income and safety of principal.  The Fund seeks to achieve its objective by investing exclusively in U.S. government securities, which are securities issued, guaranteed or insured by the U.S. government, its agencies or instrumentalities.  In selecting securities for the Fund, the Adviser seeks securities providing high current income relative to yields currently available in the market.  In making purchase and sales decisions for the Fund, the Adviser considers their economic outlook and interest rate forecast, as well as their evaluation of a security’s prepayment risk, yield, maturity, and liquidity.

Risk-Reward Profile

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The Sit U.S. Government Securities Fund has lower risk and lower reward potentials.

Investment Style

The Fund invests in high-quality, short-duration government bonds.

Investment Adviser

The Sit Mutual Funds’ investment adviser is Sit Investment Associates, Inc.  It is an employee-owned firm founded in 1981 in Minneapolis, Minnesota and currently manages $16.6 billion.  The firm’s sole business is investment management.

Portfolio Management

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Bryce A. Doty

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Mark H. Book

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.  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 such 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.  Carefully consider the Fund’s investment objectives, risks, charges and expenses before investing.
Fund holdings, sector allocations (as % of market value) and portfolio characteristics may change at any time and are not investment recommendations. The Bloomberg Intermediate Government Index is a sub-index of the Bloomberg Government Bond Index covering issues with remaining maturities of between three and five years.  The Bloomberg Government Bond Index is an index that measures the performance of all public U.S. government obligations with remaining maturities of one year or more.  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.  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 5 years would decrease by 5%, with all other factors being constant.  The correlation between duration and price sensitivity is greater for securities rates investment-grade than it is for securities rated below investment-grade.  Duration estimates are based on assumptions by the Adviser and are subject to a number of limitations.  Effective duration is calculated based on historical price changes of securities held by the Fund, and therefore is a more accurate estimate of price sensitivity provided interest rates remain within their historical range.

Fund Price

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How to Invest

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1-800-332-5580

Investor service representatives available Monday-Friday between 7:30 a.m. - 5:30 p.m. Central Time.

The Sit Mutual Funds

Additional Resources

Fact Sheet
Summary Prospectus
Statutory Prospectus
Statement of Additional Information
Annual Report

FREE CHECKWRITING

Direct shareholders of the Sit U.S. Government Securities Fund can have quick and easy access to their assets by setting up checkwriting on their account.
800-332-5580 | e-mail: info@sitinvest.com | Copyright 2007-2021 Sit Investment Associates, Inc.
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Carefully consider the Fund’s investment objectives, risks, charges and expenses before investing. The prospectus contains this and other important Fund information and may be obtained by calling Sit Mutual Funds at 1-800-332-5580 or by downloading them from the Documents page. 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.
The content herein is for informational purposes only without regard to any particular user’s investment objectives, risk tolerances or financial situation and does not constitute investment advice, nor should it be considered a solicitation or offering to sell securities or an interest in any fund.
Opinions and statements of financial market trends that are based on current market conditions constitute our judgment and are subject to change without notice. We believe the information provided here is reliable but should not be assumed to be accurate or complete. The views and strategies described may not be suitable for all investors, and readers should not rely on this publication as their sole source of investment information.
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