Sit Balanced
SIBAX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Biography
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Minneapolis, MN 55402 Minneapolis MN United States of America 55402
- IPO Date
- Dec 31, 1993
- CIK
- 0000877880
- Website
- sitinvest.com
- Similar Companies
- Business
- Sit Balanced Fund (SIBAX) is an open-end mutual fund that seeks long-term capital growth consistent with the preservation of principal and current income for its shareholders. The fund maintains a diversified portfolio with 35% to 65% of assets allocated to common stocks, primarily large-cap growth companies and dividend-paying equities, and the remainder in high-quality, intermediate-duration fixed-income securities including investment-grade bonds. It operates within the moderate allocation category, targeting institutional and individual investors such as corporate foundations, employee savings plans, and profit-sharing plans, with assets under management of approximately $73 million. Managed by Sit Investment Associates, Inc., an employee-owned investment adviser founded in 1981 and headquartered in Minneapolis, Minnesota, the fund benefits from the firm's expertise in equity growth and fixed-income strategies across $16.6 billion in total assets. Portfolio managers include Bryce Doty (since 1995), Roger Sit (since 2008), and Ronald Sit (since 2016), emphasizing U.S.-focused investments with limited exposure to non-U.S. stocks (about 2.6%) and bonds (0.6%), primarily in technology, communication services, and consumer cyclical sectors. Recent developments include the celebration of Sit Investment Associates' 43rd anniversary in 2024, underscoring its ongoing expansion in mutual funds, private funds, and collective investment trusts amid stable operations with a net expense ratio of 0.91%. The fund continues to uphold its core balanced allocation strategy without reported acquisitions, partnerships, or major strategic shifts in the last 1-2 years, maintaining a minimum initial investment of $5,000 ($2,000 for IRAs) and quarterly dividend distributions.