Morningstar

Sit Quality Income Y SQIYX

Morningstar Medalist Rating
Medalist Rating as of | See Sit Investment Hub
  • NAV / 1-Day Return 9.59  /  −0.51 %
  • Total Assets 123.9 Mil
  • Adj. Expense Ratio
    0.550%
  • Expense Ratio 0.550%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity High/Limited
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 4.44%
  • Effective Duration 1.60 years

USD | NAV as of Oct 04, 2024 | 1-Day Return as of Oct 04, 2024, 10:30 PM GMT+0

Morningstar’s Analysis SQIYX

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

  • People Pillar

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

Sit Quality Income Y boasts strong People and Process 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 second-costliest quintile among peers. The strategy changed its peer group last August, moving from the Ultrashort Bond category to the Short-Term Bond Morningstar Category.

by Morningstar Manager Research
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Portfolio Holdings SQIYX

More SQIYX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 17.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Inv MM Government I

3.82 4.7 Mil
Cash and Equivalents

Federal National Mortgage Association 5.5%

2.63 3.2 Mil
Securitized

Federal Home Loan Mortgage Corp. 4%

1.98 2.4 Mil
Securitized

FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD 5.5%

1.83 2.2 Mil
Securitized

Federal National Mortgage Association 5%

1.79 2.2 Mil
Securitized

Federal National Mortgage Association 4.5%

1.76 2.2 Mil
Securitized

Federal Home Loan Mortgage Corp. 3%

1.73 2.1 Mil
Securitized

Federal National Mortgage Association 4.5%

1.67 2.1 Mil
Securitized

Fnma Pass-Thru I 7.5%

1.59 2.0 Mil
Securitized

Federal Home Loan Mortgage Corp. 2.5%

1.47 1.8 Mil
Securitized

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