Sit Quality Income Y (SQIYX)
| Fund Assets | 120.44M |
| Expense Ratio | 0.56% |
| Min. Investment | $1,000,000 |
| Turnover | 59.03% |
| Dividend (ttm) | 0.43 |
| Dividend Yield | 4.45% |
| Dividend Growth | 1.55% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 9.67 |
| YTD Return | 2.55% |
| 1-Year Return | 2.49% |
| 5-Year Return | n/a |
| 52-Week Low | 9.43 |
| 52-Week High | 9.69 |
| Beta (5Y) | n/a |
| Holdings | 163 |
| Inception Date | Apr 1, 2022 |
About SQIYX
Sit Quality Income Fund Class Y is an open‑end mutual fund focused on high‑quality, short‑duration fixed income. Its primary objective is to deliver high current income while emphasizing safety of principal by allocating at least half of assets to U.S. government securities, complemented by investment‑grade corporate, municipal, mortgage, and other asset‑backed securities. The portfolio targets a dollar‑weighted average quality of A or better, reflecting a disciplined credit approach. With an intermediate average maturity and a shorter duration to estimated average life, the strategy seeks to moderate interest‑rate sensitivity without sacrificing income generation. The fund serves institutions and sophisticated investors through its Y share class, which features a lower net expense ratio supported by a contractual management fee waiver through March 2026. Managed by Sit Investment Associates, an employee‑owned firm founded in 1981, the fund plays a role as a core high‑quality bond holding for investors seeking diversified exposure to government and investment‑grade sectors, aiming to balance income, liquidity, and risk across market cycles.
Performance
SQIYX had a total return of 2.49% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.11%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| SQIFX | - Class S | 0.81% |
Top 10 Holdings
18.58% of assets| Name | Symbol | Weight |
|---|---|---|
| Fannie Mae REMICS | FNR.2023-64 HA | 2.62% |
| Fannie Mae Pool | FN.MA5038 | 2.44% |
| Sequoia Mortgage Trust 2025-1 | SEMT.2025-1 A10 | 2.19% |
| Freddie Mac REMICS | n/a | 1.88% |
| Freddie Mac REMICS | FHR.3756 PZ | 1.85% |
| Fannie Mae Pool | FN.MA5136 | 1.69% |
| Fannie Mae Pool | FN.MA5442 | 1.62% |
| Freddie Mac Gold Pool | FG.G18592 | 1.48% |
| Government National Mortgage Association | GNR.2025-20 CA | 1.45% |
| Fannie Mae Pool | FN.BF0143 | 1.37% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.03439 | Aug 29, 2025 |
| Jul 31, 2025 | $0.037 | Jul 31, 2025 |
| Jun 30, 2025 | $0.0373 | Jun 30, 2025 |
| May 30, 2025 | $0.0348 | May 30, 2025 |
| Apr 30, 2025 | $0.0354 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03603 | Mar 31, 2025 |