Sit Fixed Income Advisors II manages fixed income securities for various clients, including institutional investors, pension funds, charitable organizations, and high net worth individuals. They focus on investment-grade securities and prioritize interest income and stability of principal value. Sit Fixed Income utilizes a bottom-up strategy, emphasizing interest rate projections but not managing duration. The firm aims to provide superior risk-adjusted returns compared to benchmarks and managers of a similar style.
Fee Structure
Sit Fixed Income manages fixed income investments. Here's how their fees work for different strategies:
Balanced Strategy:
- First $10 million: 0.75% per year
- Next $10 million: 0.70% per year
- Next $10 million: 0.65% per year
- Next $10 million: 0.60% per year
- Next $10 million: 0.55% per year
- Over $50 million: Negotiable
Taxable Short Duration, Taxable Municipal Bond, Municipal Short Duration, Municipal Intermediate Duration Strategies:
- First $20 million: 0.40% per year
- Next $30 million: 0.30% per year
- Next $50 million: 0.25% per year
- Over $100 million: Negotiable
Municipal Long Intermediate Duration Strategy:
- First $20 million: 0.35% per year
- Next $30 million: 0.25% per year
- Next $50 million: 0.20% per year
Municipal Total Return Strategy:
- First $20 million: 0.35% per year
- Next $30 million: 0.30% per year
- Next $50 million: 0.25% per year
- Over $100 million: Negotiable
Taxable Intermediate Duration (Govt/Corp), Taxable Intermediate Duration (Government), Quality Income, Taxable Total Return Strategies:
- First $10 million: 0.35% per year
- Next $10 million: 0.25% per year
- Over $20 million: 0.20% per year
Taxable Return Plus, Municipal Return Plus Strategies:
- 0.40% on all assets, plus a performance fee equal to 20% of the excess return over benchmark; or a 1.00% fee and no performance fee.
Municipal High Income Strategy:
- All assets: 0.50% per year
Fees may be negotiable depending on the amount of assets managed.