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Morningstar

Sit Quality Income SQIFX

Morningstar Medalist Rating
Medalist Rating as of | See Sit Investment Hub
  • NAV / 1-Day Return 9.38  /  −0.09 %
  • Total Assets 131.0 Mil
  • Adj. Expense Ratio
    0.810%
  • Expense Ratio 0.810%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity High/Limited
  • Min. Initial Investment 5,000
  • Status Open
  • TTM Yield 3.96%
  • Effective Duration 1.90 years

USD | NAV as of Apr 25, 2024 | 1-Day Return as of Apr 25, 2024, 10:14 PM GMT+0

Morningstar’s Analysis SQIFX

Will SQIFX 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 SQIFX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the SQIFX 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 SQIFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Sit Quality Income boasts strong Process and People Pillar ratings, but other weaknesses hold this strategy's Morningstar Medalist Rating at 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 highest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings SQIFX

More SQIFX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 17.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Inv MM Government I

3.03 4.0 Mil
Cash and Equivalents

Federal National Mortgage Association 5.5%

2.53 3.3 Mil
Securitized

Federal Home Loan Mortgage Corp. 3.59%

2.19 2.9 Mil
Securitized

Federal National Mortgage Association 5%

1.92 2.5 Mil
Securitized

Federal Home Loan Mortgage Corp. 4%

1.85 2.4 Mil
Securitized

Federal Home Loan Mortgage Corp. 3.064%

1.84 2.4 Mil
Securitized

Federal Home Loan Mortgage Corp. 3%

1.77 2.3 Mil
Securitized

J.P. MORGAN MORTGAGE TRUST 2022-1 5%

1.76 2.3 Mil
Securitized

Federal Home Loan Mortgage Corp. 3%

1.63 2.1 Mil
Securitized

Fnma Pass-Thru I 7.5%

1.61 2.1 Mil
Securitized