The Sit Balanced Fund seeks long-term growth consistent with preservation of principal and to provide regular income to shareholders by investing in a diversified portfolio of stocks and bonds. In seeking to achieve its long-term capital growth objective, the Fund invests in common stocks of growth companies. To provide shareholders with regular income, the Fund invests in fixed-income securities and/or common stocks selected primarily for their dividend payment potential.
| Inception Date: | 12/31/1993 |
| Fund Assets (Millions): | $68.6 |
| Ticker: | SIBAX |
| CUSIP: | 82980D‑20‑2 |
| Minimum Investment Amount: | $5,000 |
| Minimum IRA Investment Amount: | $2,000 |
| Gross Expense Ratio: | 1.11% |
| Net Expense Ratio: | 0.91% |
Expense ratios are as stated in the prospectus dated November 1, 2024 and include Acquired Fund Fees and Expenses which represent fees and expenses incurred indirectly by the Fund as a result of its investment in shares of investment companies. Sit Investment Associates, Inc. (the “Adviser”) has agreed to a management fee waiver equal to 0.20% through June 30, 2026. Until such date, the waiver cannot be terminated without approval by the Fund’s Board of Directors. After June 30, 2026, the Adviser may elect to extend, modify or terminate the fee waiver. |
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Performance figures are historical and do not guarantee future results. Investment returns and principal value will vary, and you may have a gain or loss when you sell shares. Current performance may be lower or higher than the performance data quoted. Performance data current to the most recent month-end is available. Returns include changes in share price as well as reinvestment of all dividends and capital gains. Returns do not reflect the deduction of the 2% redemption fee imposed when shares are redeemed or exchanged within 30 calendar days from their date of purchase. If imposed, the fee would reduce the performance quoted. Returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Management fees and administrative expenses are included in the Fund’s performance. Returns for periods greater than one year are compounded average annual rates of return.
The Sit Balanced Fund has moderate risk and moderate reward potentials.
The Fund invests in large cap growth stocks and high quality, intermediate-duration bonds.
The Sit Mutual Funds’ investment adviser is Sit Investment Associates, Inc., an employee-owned firm founded in 1981 in Minneapolis, Minnesota and currently manages $16.6 billion. The firm’s sole business is investment management.
Annualized Returns |
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Three Month | One Year | Three Year | Five Year | Ten Year | Since Inception* |
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| Sit Balanced Fund | 9.52 | 10.58 | 14.55 | 10.11 | 9.39 | 7.72 |
| S&P 500® Index | 10.94 | 15.16 | 19.71 | 16.64 | 13.65 | 10.63 |
| Bloomberg Aggregate Bond Index | 1.21 | 6.08 | 2.55 | -0.73 | 1.76 | 4.37 |
| Fund | Stock Index | Bond Index | |
| 2016 | 4.60 | 11.96 | 2.65 |
| 2017 | 17.74 | 21.83 | 3.54 |
| 2018 | -2.73 | -4.38 | 0.01 |
| 2019 | 20.69 | 31.49 | 8.72 |
| 2020 | 20.74 | 18.40 | 7.51 |
| 2021 | 17.15 | 28.71 | -1.54 |
| 2022 | -20.84 | -18.11 | -13.01 |
| 2023 | 22.64 | 26.29 | 5.53 |
| 2024 | 18.02 | 25.02 | 1.25 |
| 2025 | 4.43 | 6.20 | 4.02 |
Standard deviation is a measure of risk that indicates the volatility of a portfolio’s total returns as measured against its mean performance. In general, the higher the standard deviation, the greater the volatility or risk. For complete performance data see the Balanced Fund returns section.
 | 63.5 | Stocks |
 | 34.0 | Bonds |
 | 2.5 | Cash & Other Net Assets |
| Company | % of Net Assets |
| NVIDIA Corp. | 7.6 |
| Microsoft Corp. | 5.4 |
| Broadcom, Inc. | 4.6 |
| Alphabet, Inc. | 4.2 |
| Apple, Inc. | 4.0 |
| Numbers of Holdings: 194 | Top 5: 25.9 |
Carefully consider the Fund’s investment objectives, risks, charges and expenses before investing. The prospectus contains this and other important Fund information and may be obtained by calling Sit Mutual Funds at 1-800-332-5580 or by downloading them from the Documents page. Read the prospectus carefully before investing. Investment return and principal value of an investment will fluctuate so that an investor’s shares when redeemed may be worth more or less than their original cost.
The content herein is for informational purposes only without regard to any particular user’s investment objectives, risk tolerances or financial situation and does not constitute investment advice, nor should it be considered a solicitation or offering to sell securities or an interest in any fund.
Opinions and statements of financial market trends that are based on current market conditions constitute our judgment and are subject to change without notice. We believe the information provided here is reliable but should not be assumed to be accurate or complete. The views and strategies described may not be suitable for all investors, and readers should not rely on this publication as their sole source of investment information.
©2025 Sit Investment Associates. All Rights Reserved.
