|
Overall Morningstar
Rating™ |
| What is this? |
 |
 |
| As of 2009-10-31 |
|
Out of
Short Government Funds |
|
| Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance. |
|
|
|
Morningstar®
Style Box™ |
| What is this? |
|
 |
|
Avg Duration |
|
|
1.90 Yrs
|
|
|
|
Avg Credit Quality |
|
|
AAA |
|
| As of
2009-09-30 |
|
|
| Day Change |
| $ 0.00 |
|
|
| NAV (2009-11-10) |
| $ 11.08 |
|
|
| YTD Return % (2009-11-10) |
| 7.33% |
|
|
| Total Assets ($ mil) |
| 558 |
|
| Growth of $10,000 |
 |
Fund: |
Sit US Government Securities |
| (from
1999-01-01
to 2009-10-31) |
 |
Category: |
Short Government |
|
 |
Index: |
BarCap US Agg Bond TR USD |
| Total Annualized Returns % |
1yr, 3yr and 5yr Returns as of 2009-11-10 |
| Inception date: 1987-06-02 |
10yr and Inception Returns as of 2009-10-31 |
|
YTD Returns as of 2009-11-10 |
|
|
YTD |
1 Year |
3 Year |
5 Year |
10 Year |
Since Inception |
| Fund |
7.72 |
8.91 |
6.68 |
5.30 |
5.30 |
6.60 |
| +/- Category |
4.30 |
2.73 |
1.71 |
1.50 |
0.90 |
--- |
| +/- BarCap US Agg Bond TR USD |
0.81 |
-3.58 |
0.23 |
0.03 |
--- |
--- |
|
|
| Standardized Annual Returns % more on standardized returns |
| Quarter-End (as of
2009-09-30) |
6.59 |
7.82 |
6.59 |
5.09 |
5.28 |
6.61 |
| Month-End (as of 2009-10-31) |
7.12 |
9.60 |
6.60 |
5.10 |
5.30 |
6.60 |
|
|
| After Tax Returns % (as of
2009-09-30
)
|
| On Distribution |
--- |
7.80 |
4.88 |
3.49 |
3.60 |
--- |
| On Distribution & Sale of Shares |
--- |
6.19 |
4.62 |
3.40 |
3.50 |
--- |
|
|
| Morningstar Rating |
--- |
--- |
 |
|
|
--- |
|
| # of compared funds covered (3 yrs : out of 150 funds), (5 yrs : out of 145 funds), (10 yrs : out of 109 funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is
none,
the maximum deferred sales fee is
none,
and the maximum redemption sales fee is
none. |
|
| The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein. |
|
|
|
|
| Sector Breakdown % |
|
| US Government |
1.97 |
| US Treasuries |
0.39 |
| TIPS |
0.00 |
| US Agency |
1.59 |
|
|
|
| Mortgage |
92.80 |
| Mortgage Pass-Thru |
62.81 |
| Mortgage CMO |
29.99 |
| Mortgage ARM |
0.00 |
|
|
|
| Credit |
0.07 |
| US Corporate |
0.00 |
| Asset-Backed |
0.00 |
| Convertible |
0.00 |
| Municipal |
0.07 |
| Corporate Inflation-Protected |
0.00 |
|
|
|
| Foreign |
0.00 |
| Foreign Corp |
0.00 |
| Foreign Govt |
0.00 |
|
|
|
| Cash |
5.16 |
|
| Bond Quality |
% of Bonds |
| AAA |
100.0 |
| AA |
0.0 |
| A |
0.0 |
| BBB |
0.0 |
| BB |
0.0 |
| B |
0.0 |
| Below B |
0.0 |
| Not Rated |
0.0 |
|
|
|
|
|
| |
|
|
| Asset Allocation |
|
 |
|
| % of Net Assets |
 |
Cash |
5.1 |
 |
Stocks |
0.0 |
|
Bonds |
93.3 |
 |
Other |
1.6 |
|
|
|
Foreign Stocks |
0.0 |
|
(as a % of Assets) |
|
|
| Data through 2009-09-30 |
Data through 2009-09-30 |
 |
| Holding Status |
|
| Total Number of Stock Holdings |
|
|
Turnover % |
60 |
| Total Number of Bond Holdings |
664 |
|
30 Day SEC Yield % |
3.93 |
| % of Assets in Top 10 Holdings |
19.47 |
|
ending as of
2009-09-30 |
|
|
|
|
View Data Definitions |
| Top 10 Holdings |
Maturity
Date |
Amount
$000 |
Value
$000 |
% of Net
Assets |
|
|
|
|
|
|
 |
FNMA 7.5% |
2037-10-01 |
15,115 |
16,621 |
3.30 |
 |
FHLMC 7.5% |
2034-07-01 |
12,834 |
14,411 |
2.86 |
|
Usva Vendee Mtg Tr 1999-1 CMO 6.5% |
2029-01-15 |
12,188 |
13,061 |
2.59 |
 |
FNMA |
2037-12-01 |
8,105 |
9,272 |
1.84 |
|
VENDEE MTG TR 2008-1 |
2025-03-15 |
8,419 |
9,211 |
1.83 |
|
 |
|
FHLMC 7.5% |
2034-11-01 |
7,966 |
9,007 |
1.79 |
|
FNMA |
2048-01-25 |
6,961 |
7,644 |
1.52 |
|
GNMA 7.5% |
2037-10-15 |
6,324 |
6,842 |
1.36 |
|
FHLMC CMO 7.5% |
2023-04-15 |
5,555 |
6,022 |
1.20 |
|
FHLMC 7.5% |
2031-10-01 |
5,216 |
5,920 |
1.18 |
|
|
 |
Data through 2009-09-30 |
|
|
|
| Fund Inception: 1987-06-02 |
|
Portfolio Manager (Start Date) |
|
|
|
|
|
Michael C. Brilley (1987-07-01) |
|
|
|
Brilley joined Sit Investment Associates in 1984 and is now a senior vice president and senior portfolio manager. Previously, he spent 10 years as a vice president and senior fixed-income officer with First Bank and five years as an investment officer with Merchants National Bank of Indianapolis. |
|
|
|
|
|
Bryce Doty (1995-12-31) |
|
|
|
Doty serves as vice president and has been a portfolio manager with Sit Investment Associates since 1995. Previously, he was an investment analyst, a due diligence officer, and an assistant consulting analyst with Minnesota Mutual Life Insurance Company and its subsidiaries.
Doty holds the Chartered Financial Analyst designation. |
|
|
|
|
|
Mark Book (2002-10-23) |
|
|
|
Book serves as vice president and has been a portfolio manger with Sit Investment Associates since 2000. Previously, he worked for U.S. Bancorp Piper Jaffray where he was Vice President and Senior Corporate Bond Strategist and worked as a fixed income portfolio manager at Norwest Investment Management in addition to trading fixed income securities at Reliastar Financial. |
|
|
|
|
Sales Charge %
(taken from prospectus dated 2009-09-30) |
| Front: |
None |
| Deferred: |
None |
|
| Expense Ratio % |
0.80 |
based on net assets
(taken from annual report dated 2009-03-31)
|
|
| Correspondence Information |
3300 Ids Ctr 80 S 8th St
Minneapolis,
MN
55402
USA |
|
|
|
| Telephone: |
| 800-332-5580 |
| 612-334-5888 |
|
|
