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Trending ETFs

Sit Quality Income Fund

mutual fund
SQIYX
Payout Change
Pending
Price as of:
$9.54 +0.0 +0.0%
primary theme
N/A
share class
SQIYX (Mutual Fund)

Sit Quality Income Fund

Payout Change
Pending
Price as of:
$9.54 +0.0 +0.0%
primary theme
N/A
share class
SQIYX (Mutual Fund)

Sit Quality Income Fund

Payout Change
Pending
Price as of:
$9.54 +0.0 +0.0%
primary theme
N/A
share class

Name

As of 12/03/2024

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

$9.54

$126 M

4.53%

$0.43

0.65%

Vitals

YTD Return

4.8%

1 yr return

5.7%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$126 M

Holdings in Top 10

20.2%

52 WEEK LOW AND HIGH

$9.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.65%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/03/2024

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

$9.54

$126 M

4.53%

$0.43

0.65%

SQIYX - Profile

Distributions

  • YTD Total Return 4.8%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 4.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Sit Quality Income Fund
  • Fund Family Name
    Sit Mutual Funds
  • Inception Date
    Mar 31, 2022
  • Shares Outstanding
    N/A
  • Share Class
    Y
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

The Fund seeks to achieve its objective by investing under normal market conditions at least 80% of its assets in debt securities issued by the U.S. Government and its agencies, debt securities issued by corporations, and mortgage and other asset-backed securities.
The Fund invests at least 50% of its assets in U.S. government debt securities, which are securities issued, guaranteed or insured by the U.S. government, its agencies or instrumentalities. The balance of the Fund’s assets will be invested in investment grade debt securities issued by corporations and municipalities, and mortgage and other asset-backed securities. Investment grade debt 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. The Fund’s dollar-weighted average portfolio quality is expected to be “A” or better.
The U.S. government securities in which the Fund will invest include direct obligations of the U.S. Treasury and securities issued or guaranteed by federal agencies or authorities and U.S. government-sponsored instrumentalities or enterprises. The Fund will invest in pass-through securities. Pass-through securities include mortgage-backed securities such as those issued by Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC). GNMA is an agency of the U.S. government and its securities are backed by the full faith and credit of the U.S. government. FNMA and FHLMC are U.S. government sponsored enterprises and their securities are backed by their credit.
The Fund may invest in debt securities described herein that have not been registered for sale under the Securities Act of 1933 pursuant to Rule 144A (Rule 144A securities) which are determined to be liquid by the Adviser.
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.
In selecting securities for the Fund, the Adviser seeks securities providing relatively high current income. 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 security’s credit quality, yield, maturity, liquidity and the security’s sector.
The Adviser attempts to maintain an average effective duration for the portfolio of approximately 0 to 3 years. The Adviser’s duration target within this range is based on its interest rate forecast. Duration is a measure of total price sensitivity relative 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. Portfolios with shorter durations are typically less sensitive to changes in interest rates. The Adviser currently hedges the Fund’s duration by investing in interest rate futures and options, but not in excess of 5% of the Fund’s net assets.
The Fund’s dollar-weighted average maturity will, under normal market conditions, range between 5 and 10 years. However, since the Fund’s securities are subject to various types of call provisions which make their expected average lives shorter than their stated maturity dates, the Adviser believes that the Fund’s average effective duration is a more accurate measure of the Fund’s price sensitivity to changes in interest rates than the Fund’s dollar-weighted average maturity.
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SQIYX - Performance

Return Ranking - Trailing

Period SQIYX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.8% N/A N/A N/A
1 Yr 5.7% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period SQIYX Return Category Return Low Category Return High Rank in Category (%)
2023 0.5% N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period SQIYX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.8% N/A N/A N/A
1 Yr 5.7% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period SQIYX Return Category Return Low Category Return High Rank in Category (%)
2023 4.6% N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

NAV & Total Return History


SQIYX - Holdings

Concentration Analysis

SQIYX Category Low Category High SQIYX % Rank
Net Assets 126 M N/A N/A N/A
Number of Holdings 168 N/A N/A N/A
Net Assets in Top 10 24.9 M N/A N/A N/A
Weighting of Top 10 20.19% N/A N/A N/A

Top 10 Holdings

  1. Fidelity Government Portfolio 3.81%
  2. Fannie Mae REMICS 2.62%
  3. Freddie Mac REMICS 1.97%
  4. Freddie Mac REMICS 1.82%
  5. Fannie Mae Pool 1.78%
  6. Fannie Mae Pool 1.76%
  7. Freddie Mac Gold Pool 1.73%
  8. Fannie Mae Pool 1.66%
  9. Fannie Mae Pool 1.59%
  10. Freddie Mac Pool 1.46%

Asset Allocation

Weighting Return Low Return High SQIYX % Rank
Bonds
96.50% N/A N/A N/A
Cash
3.81% N/A N/A N/A
Other
0.55% N/A N/A N/A
Stocks
0.00% N/A N/A N/A
Preferred Stocks
0.00% N/A N/A N/A
Convertible Bonds
0.00% N/A N/A N/A

Bond Sector Breakdown

Weighting Return Low Return High SQIYX % Rank
Cash & Equivalents
3.81% N/A N/A N/A
Derivative
0.00% N/A N/A N/A
Securitized
0.00% N/A N/A N/A
Corporate
0.00% N/A N/A N/A
Municipal
0.00% N/A N/A N/A
Government
0.00% N/A N/A N/A

Bond Geographic Breakdown

Weighting Return Low Return High SQIYX % Rank
US
96.50% N/A N/A N/A
Non US
0.00% N/A N/A N/A

SQIYX - Expenses

Operational Fees

SQIYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.65% N/A N/A N/A
Management Fee 0.65% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

SQIYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

SQIYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A 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.

SQIYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

SQIYX - Distributions

Dividend Yield Analysis

SQIYX Category Low Category High SQIYX % Rank
Dividend Yield 4.53% N/A N/A N/A

Dividend Distribution Analysis

SQIYX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly

Net Income Ratio Analysis

SQIYX Category Low Category High SQIYX % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

SQIYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

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SQIYX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A