Sit Quality Income Fund Class S is an actively managed mutual fund focused on generating high current income while emphasizing preservation of capital. The portfolio invests at least 80% of assets in debt securities, primarily allocating at least half to U.S. government obligations and the remainder to investment‑grade corporate, municipal, mortgage, and other asset‑backed securities, targeting a dollar‑weighted average quality of A or better. The strategy centers on high‑quality, short‑duration bonds to manage interest‑rate sensitivity, reflected in a reported duration to estimated average life of about 2.7 years and an average maturity near 18.8 years. Class S launched in 2012 and is part of the Sit Mutual Funds family advised by Sit Investment Associates, an employee‑owned investment manager established in 1981. The fund’s design positions it as a core short‑term bond holding for investors seeking income from high‑quality U.S. fixed income markets, with characteristics that can complement broader fixed income allocations by balancing credit quality and duration exposure.
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