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Morningstar

Sit US Government Securities SNGVX

Morningstar Medalist Rating
Medalist Rating as of | See Sit Investment Hub
  • NAV / 1-Day Return 10.05  /  −0.10 %
  • Total Assets 243.1 Mil
  • Adj. Expense Ratio
    0.800%
  • Expense Ratio 0.800%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Short Government
  • Credit Quality / Interest Rate Sensitivity High/Limited
  • Min. Initial Investment 5,000
  • Status Open
  • TTM Yield 3.38%
  • Effective Duration 3.00 years

USD | NAV as of Apr 16, 2024 | 1-Day Return as of Apr 16, 2024, 1:28 AM GMT+0

Morningstar’s Analysis SNGVX

Will SNGVX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SNGVX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the SNGVX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of SNGVX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in Sit US Government Securities's Process Pillar is partially offset by an Average People Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings SNGVX

More SNGVX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 23.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Government National Mortgage Association 5.5%

3.37 8.4 Mil
Securitized

Government National Mortgage Association 5.86157%

2.98 7.4 Mil
Securitized

Fidelity Inv MM Government I

2.79 6.9 Mil
Cash and Equivalents

Government National Mortgage Association 5.5%

2.67 6.7 Mil
Securitized

Government National Mortgage Association 5.5%

2.66 6.6 Mil
Securitized

Government National Mortgage Association 5.5%

2.12 5.3 Mil
Securitized

Federal Home Loan Mortgage Corp. 6%

2.12 5.3 Mil
Securitized

Federal Home Loan Mortgage Corp. 5.0034%

2.02 5.0 Mil
Securitized

Federal Home Loan Mortgage Corp. 5.5%

1.90 4.7 Mil
Securitized

Federal National Mortgage Association 4.5%

1.86 4.6 Mil
Securitized