SNGYX

About SNGYX

The Sit U.S. Government Securities Fund - Class Y is an open-end mutual fund specializing in the exclusive investment of high-quality U.S. government securities. Its primary objective is to deliver high current income while maintaining the safety of principal. The portfolio consists solely of securities issued, guaranteed, or insured by the U.S. government or its agencies and instrumentalities, resulting in a portfolio with a strong credit quality profile, typically rated AAA, and limited credit risk exposure. The fund adopts a short to intermediate-duration strategy, with a focus on managing interest rate sensitivity and liquidity. Its holdings largely comprise government-backed mortgage securities and other direct obligations, offering investors predictable income streams and a relatively stable value profile in various market environments. Managed by a seasoned team at Sit Investment Associates, the fund emphasizes income generation relative to prevailing market yields, underpinned by disciplined risk management and active selection based on economic and interest rate outlooks. This fund plays a key role for institutional or large investors seeking a high-quality, liquid, and lower-risk fixed income solution within their portfolios.