{
  "crd_number": 108271,
  "slug": "sit-fixed-income-advisors-ii-llc-minneapolis-mn-108271",
  "primary_business_name": "SIT FIXED INCOME ADVISORS II, LLC",
  "legal_name": "SIT FIXED INCOME ADVISORS II, LLC",
  "dbas": [],
  "city": "Minneapolis",
  "state": "MN",
  "country": "United States",
  "cbsa_code": "33460",
  "metro": {
    "cbsa_code": "33460",
    "common_name": "Minneapolis",
    "msa_name": "Minneapolis-St. Paul-Bloomington, MN-WI",
    "path": "/advisors/mn/minneapolis"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1998-01-27",
  "years_registered": 28,
  "period": "2026-10-01",
  "filing_date": "2026-06-22",
  "carried_forward": false,
  "raum_total": 14970369050.0,
  "raum_discretionary": 14831156812.0,
  "raum_non_discretionary": 139212238.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 73,
  "advisory_employees": 35,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 4236855608.0,
      "count": 31
    },
    "individuals": {
      "raum": 0.0,
      "count": null,
      "fewer_than_5": true
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": null,
      "fewer_than_5": true
    },
    "state_municipal": {
      "raum": 1865664345.0,
      "count": 6
    },
    "insurance_companies": {
      "raum": 4802450380.0,
      "count": 23
    },
    "investment_companies": {
      "raum": 587720558.0,
      "count": 1
    },
    "pension_profit_sharing": {
      "raum": 1604511527.0,
      "count": 8
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": null,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 248378377.0,
      "count": 15
    },
    "pooled_investment_vehicles": {
      "raum": 1401608691.0,
      "count": 24
    },
    "corporations_other_businesses": {
      "raum": 223179564.0,
      "count": 7
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": null,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AR",
    "CA",
    "IL",
    "MN",
    "NC",
    "NY",
    "OH",
    "TX"
  ],
  "websites": [
    "https://sitinvest.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/108271",
  "city_as_filed": "MINNEAPOLIS",
  "url": "https://advisorcensus.com/firm/sit-fixed-income-advisors-ii-llc-minneapolis-mn-108271",
  "display_name": "SIT Fixed Income Advisors II, LLC",
  "summary": "SIT Fixed Income Advisors II, LLC is an SEC-registered investment advisory firm in Minneapolis, MN, registered since 1998, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 22, 2026.",
  "citation": "AdvisorCensus. SIT Fixed Income Advisors II, LLC (CRD 108271): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is SIT Fixed Income Advisors II, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), SIT Fixed Income Advisors II, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is SIT Fixed Income Advisors II, LLC located?",
      "a": "SIT Fixed Income Advisors II, LLC's principal office is in Minneapolis, MN, according to its Form ADV."
    },
    {
      "q": "Is SIT Fixed Income Advisors II, LLC registered with the SEC or a state?",
      "a": "SIT Fixed Income Advisors II, LLC is an SEC-registered investment advisory firm, registered since 1998. Status as filed: Approved. CRD 108271."
    },
    {
      "q": "How much does SIT Fixed Income Advisors II, LLC manage?",
      "a": "SIT Fixed Income Advisors II, LLC reports $14,970,369,050 in regulatory assets under management in its Form ADV filing dated June 22, 2026 (99% discretionary)."
    },
    {
      "q": "How have SIT Fixed Income Advisors II, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for SIT Fixed Income Advisors II, LLC: Regulatory assets under management: $11,109,420,715 in the October 2021 data and $14,970,369,050 in the October 2026 data, up 35%. Total employees: 72 in October 2021 and 73 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does SIT Fixed Income Advisors II, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: charitable organizations (31); pooled investment vehicles (other than investment companies and business development companies) (24); insurance companies (23)."
    },
    {
      "q": "Which custodians does SIT Fixed Income Advisors II, LLC use?",
      "a": "SIT Fixed Income Advisors II, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY Mellon, Northern Trust and U.S. Bank as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does SIT Fixed Income Advisors II, LLC report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/108271"
    },
    {
      "q": "What changed in SIT Fixed Income Advisors II, LLC's recent Form ADV filings?",
      "a": "In the July 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 11109420715.0,
      "total_employees": 72,
      "filing_date": "2021-08-04"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 12977899327.0,
      "total_employees": 70,
      "filing_date": "2022-03-30"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 11852671826.0,
      "total_employees": 71,
      "filing_date": "2023-08-10"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 12323070202.0,
      "total_employees": 72,
      "filing_date": "2024-03-28"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 12910068636.0,
      "total_employees": 73,
      "filing_date": "2025-05-01"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 14970369050.0,
      "total_employees": 73,
      "filing_date": "2026-06-22"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-07-01",
      "period_label": "July 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 36 to 35.",
        "Regulatory assets under management went from $12,910,068,636 to $14,970,369,050 (+16%)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "BNY Mellon",
      "name_as_filed": "BNY MELLON",
      "affiliated": false
    },
    {
      "name": "Northern Trust",
      "name_as_filed": "NORTHERN TRUST",
      "affiliated": false
    },
    {
      "name": "U.S. Bank",
      "name_as_filed": "U.S. BANK",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/sit-fixed-income-advisors-ii-llc-minneapolis-mn-108271.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": null,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 15,
      "fewer_than_5": false,
      "raum": 248378377.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": null,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 587720558.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 24,
      "fewer_than_5": false,
      "raum": 1401608691.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 8,
      "fewer_than_5": false,
      "raum": 1604511527.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 31,
      "fewer_than_5": false,
      "raum": 4236855608.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 6,
      "fewer_than_5": false,
      "raum": 1865664345.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": null,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 23,
      "fewer_than_5": false,
      "raum": 4802450380.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": null,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 7,
      "fewer_than_5": false,
      "raum": 223179564.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/108271",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}