# SIT Fixed Income Advisors II, LLC

> 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.

- CRD: 108271
- Filed as: SIT FIXED INCOME ADVISORS II, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Minneapolis, MN
- Filing period: October 2026
- Form ADV filing dated: June 22, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/108271
- AdvisorCensus page: https://advisorcensus.com/firm/sit-fixed-income-advisors-ii-llc-minneapolis-mn-108271

## Quick answers

**How is SIT Fixed Income Advisors II, LLC compensated?**
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.

**Where is SIT Fixed Income Advisors II, LLC located?**
SIT Fixed Income Advisors II, LLC's principal office is in Minneapolis, MN, according to its Form ADV.

**Is SIT Fixed Income Advisors II, LLC registered with the SEC or a state?**
SIT Fixed Income Advisors II, LLC is an SEC-registered investment advisory firm, registered since 1998. Status as filed: Approved. CRD 108271.

**How much does SIT Fixed Income Advisors II, LLC manage?**
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).

**How have SIT Fixed Income Advisors II, LLC's assets and staff changed since 2021?**
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.

**What types of clients does SIT Fixed Income Advisors II, LLC serve?**
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).

**Which custodians does SIT Fixed Income Advisors II, LLC use?**
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.

**Does SIT Fixed Income Advisors II, LLC report any disciplinary disclosures?**
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

**What changed in SIT Fixed Income Advisors II, LLC's recent Form ADV filings?**
In the July 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- BNY Mellon
- Northern Trust
- U.S. Bank

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.

### Regulatory assets under management (Item 5.F)
- Total: $14,970,369,050
- Discretionary: $14,831,156,812
- Non-discretionary: $139,212,238

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | Fewer than 5 | $0 |
| High net worth individuals | 15 | $248,378,377 |
| Banking or thrift institutions | Fewer than 5 | $0 |
| Investment companies | 1 | $587,720,558 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 24 | $1,401,608,691 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 8 | $1,604,511,527 |
| Charitable organizations | 31 | $4,236,855,608 |
| State or municipal government entities (including government pension plans) | 6 | $1,865,664,345 |
| Other investment advisers | Fewer than 5 | $0 |
| Insurance companies | 23 | $4,802,450,380 |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $0 |
| Corporations or other businesses not listed above | 7 | $223,179,564 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 1998 (28 years)
- Employees: 73 total, 35 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AR, CA, IL, MN, NC, NY, OH, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [sitinvest.com](https://sitinvest.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $11,109,420,715 | 72 | August 4, 2021 |
| October 2022 | $12,977,899,327 | 70 | March 30, 2022 |
| October 2023 | $11,852,671,826 | 71 | August 10, 2023 |
| October 2024 | $12,323,070,202 | 72 | March 28, 2024 |
| October 2025 | $12,910,068,636 | 73 | May 1, 2025 |
| October 2026 | $14,970,369,050 | 73 | June 22, 2026 |

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.

## Changes in the filing (last 12 months)

### July 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- 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%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. SIT Fixed Income Advisors II, LLC (CRD 108271): Form ADV filing data as of October 2026.