Sit U.S. Government Securities Fund

 (MUTF:SNGVX)   Watch this mutual fund  
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Performance

Trailing returns

1 day
   
-0.18%  
1 week   +0.05%
   
4 week   +0.36%
   
3 month   +0.29%
   
YTD   +1.14%
   
1 year   +0.79%
   
3 years*   +0.68%
   
5 years*   +2.44%
   
*annualized
Best 3 month return+4.09%  
Worst 3 month return-1.66%  

Morningstar statistics

Morningstar category: Short Government
  Return Risk Rating
3 years Average Average
5 years High Average
10 years High Average
Overall High Average

Key statistics

Total assets628.49M 
Front load-  
Deferred load-  
Expense ratio0.80%  
Management fee-  
Fund familySit 

Asset allocation

Cash2.71%  
Stocks0.00%  
Bonds97.52%  
Other-0.23%  

Purchase information

Initial$5,000  
Additional$100  
IRA Initial$2,000  
AIP Initial$5,000  
AIP Additional$100  
11.06+0.02(0.18%)
Jul 10, 4:00PM EDT Overall Morningstar RatingTM

Description

The investment seeks current income and safety of principal. The fund invests exclusively in U.S. government securities, which are securities issued, guaranteed or insured by the U.S. government, its agencies or instrumentalities. It invests a substantial portion of assets in pass-through securities. The Adviser attempts to maintain an average effective duration for the portfolio of approximately 2 to 5 years. The fund's dollar-weighted average maturity will, under normal market conditions, range between 15 and 25 years.
Fund filings (PDF) »
Asset managers:
Michael Brilley (Started: Jun 2, 1987)
Bryce Doty (Started: Dec 31, 1995)
Mark Book (Started: Oct 23, 2002)
Advisor Company:
Sit Investment Associates, Inc.
Fund family reports on Morningstar »
Sit, 101 Sabin Street, Minneapolis MN 55402, USA

Risk

  1 year 3 years 5 years 10 years  
Alpha* 0.06 -0.41 0.91 0.80
Beta* 0.12 0.28 0.33 0.41
Mean annual return 0.05 0.06 0.21 0.31
R-squared* 18.07 50.95 45.76 58.33
Standard deviation 0.69 1.09 1.38 1.75
Sharpe ratio 0.85 0.55 1.78 1.22
* Against standard index

Top 10 holdings

Security Net Assets  
FHLMC CMO 6.5% 2.55%  
FNMA 7% 2.38%  
FHLMC CMO 7% 2.31%  
FHLMC CMO 7% 2.14%  
FNMA CMO 6.75% 2.12%  
FNMA CMO 7.5% 2.07%  
FHLMC 7% 2.05%  
FNMA CMO 4.5% 2.05%  
FNMA CMO 7% 1.86%  
GNMA 6.5% 1.70%