Sit U.S. Government Securities Fund (SNGVX)
Sit U.S. Government Securities Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Minneapolis, MN, US. The stock last traded at $10.23, up 0.00% on the session, giving a market capitalisation of $194.0M. Its beta of 0.67 implies it has historically moved less than the broad market.
The fund aims to provide both substantial current income and the preservation of principal. It invests exclusively in securities backed by the U.S. government, which include those issued, guaranteed, or insured by the U.S. government, its agencies, or instrumentalities. A significant portion of its assets consists of pass-through securities. The advisor seeks to maintain the portfolio's average effective duration within a range of approximately 0 to 5 years. Typically, under standard market conditions, the fund's dollar-weighted average maturity is expected to be between 15 and 25 years.
Sit U.S. Government Securities Fund is most often compared with the following Financial Services names: