-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Fu1n4BpbRyXpPC62TVZWPnzgM6fQcWySIXs95bcH4Kg1T9BkY4VOHBT8Ui1unYBA JP0xtf3YQ0E1FRd1aaRD7g== 0000746601-04-000001.txt : 20040520 0000746601-04-000001.hdr.sgml : 20040520 20040520165206 ACCESSION NUMBER: 0000746601-04-000001 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040331 FILED AS OF DATE: 20040520 EFFECTIVENESS DATE: 20040520 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SIT MUTUAL FUNDS II INC CENTRAL INDEX KEY: 0000746601 STATE OF INCORPORATION: MN FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: 1940 Act SEC FILE NUMBER: 811-04033 FILM NUMBER: 04821860 BUSINESS ADDRESS: STREET 1: 4600 NORWEST CTR 90 S 7TH ST CITY: MINNEAPOLIS STATE: MN ZIP: 55402 BUSINESS PHONE: 612-332-3223 MAIL ADDRESS: STREET 2: 4600 NORWEST CTR, 90 SOUTH SEVENTH ST CITY: MINNEAPOLIS STATE: MN ZIP: 55402 FORMER COMPANY: FORMER CONFORMED NAME: SIT NEW BEGINNING TAX FREE INCOME FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: SIT NEW BEGINNING YIELD FUND INC DATE OF NAME CHANGE: 19880929 FORMER COMPANY: FORMER CONFORMED NAME: NEW BEGINNING YIELD FUND INC DATE OF NAME CHANGE: 19870907 NSAR-B 1 answer.fil ANSWER FILE - SIT MUTUAL FUNDS II, INC PAGE 1 000 B000000 03/31/2004 000 C000000 0000746601 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 SIT MUTUTAL FUNDS II, INC. 001 B000000 811-04033 001 C000000 6123323223 002 A000000 90 SOUTH SEVENTH ST SUITE 4600 002 B000000 MINNEAPOLIS 002 C000000 MN 002 D010000 55402 002 D020000 4130 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 Y 007 B000000 3 007 C010100 1 007 C020100 SIT TAX-FREE INCOME FUND, SERIES A 007 C030100 N 007 C010200 2 007 C020200 SIT MINNESOTA TAX-FREE INCOME FUND, SERIES B 007 C030200 N 007 C010300 3 007 C020300 SIT BOND FUND, SERIES C 007 C030300 N 007 C010400 4 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 008 A00AA01 SIT INVESTMENT ASSOCIATES, INC. 008 B00AA01 A 008 C00AA01 801-16350 008 D01AA01 MINNEAPOLIS 008 D02AA01 MN 008 D03AA01 55402 008 D04AA01 4130 011 A00AA01 SIA SECURITIES CORP. 011 B00AA01 8-46668 011 C01AA01 MINNEAPOLIS 011 C02AA01 MN 011 C03AA01 55402 PAGE 2 011 C04AA01 4130 012 A00AA01 PFPC GLOBAL FUND SERVICES 012 B00AA01 84-1760 012 C01AA01 WESTBORO 012 C02AA01 MA 012 C03AA01 01581 013 A00AA01 KPMG LLP 013 B01AA01 MINNEAPOLIS 013 B02AA01 MN 013 B03AA01 55402 013 B04AA01 3900 014 A00AA01 SIA SECURITIES CORP. 014 B00AA01 8-46668 015 A00AA01 THE NORTHERN TRUST COMPANY 015 B00AA01 C 015 C01AA01 CHICAGO 015 C02AA01 IL 015 C03AA01 60675 015 C04AA01 0000 015 E01AA01 X 018 00AA00 Y 019 A00AA00 Y 019 B00AA00 14 019 C00AA00 SIT NBGING 020 A000001 PRUDENTIAL SECURITIES 020 B000001 22-2347336 020 C000001 5 020 A000002 CAPITAL INSTITUTIONAL SERVICES 020 B000002 75-1565705 020 C000002 2 020 C000003 0 020 C000004 0 020 C000005 0 020 C000006 0 020 C000007 0 020 C000008 0 020 C000009 0 020 C000010 0 021 000000 7 022 A000001 GRUNTAL & CO. 022 B000001 13-3179859 022 C000001 51507 022 D000001 11467 022 A000002 FIRST ALBANY CORP. 022 B000002 14-1391446 022 C000002 40296 022 D000002 11823 022 A000003 WELLS FARGO & CO. 022 B000003 13-3443207 022 C000003 30394 022 D000003 16496 PAGE 3 022 A000004 PIPER JAFFRAY 022 B000004 41-0953246 022 C000004 28027 022 D000004 5643 022 A000005 GMS SECURITIES 022 B000005 13-2982938 022 C000005 16577 022 D000005 13309 022 A000006 DAIN RAUSCHER 022 B000006 41-1416330 022 C000006 17440 022 D000006 12080 022 A000007 MAXCOR FINANCIAL 022 B000007 13-3410896 022 C000007 15516 022 D000007 13552 022 A000008 GOLDMAN SACHS 022 B000008 95-6287525 022 C000008 19299 022 D000008 1501 022 A000009 PRAGER MCCARTHY 022 B000009 94-3057445 022 C000009 8248 022 D000009 8109 022 A000010 GEORGE K. 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C010100 0 048 C020100 0.000 048 D010100 0 048 D020100 0.000 048 E010100 0 048 E020100 0.000 048 F010100 0 048 F020100 0.000 048 G010100 0 048 G020100 0.000 048 H010100 0 048 H020100 0.000 048 I010100 0 048 I020100 0.000 048 J010100 0 048 J020100 0.000 048 K010100 500000 048 K020100 0.600 049 000100 N 050 000100 N 051 000100 N 052 000100 N 053 A000100 Y 053 B000100 Y 053 C000100 N 058 A000100 N 059 000100 Y 060 A000100 Y 060 B000100 Y 061 000100 5000 062 A000100 Y 062 B000100 0.0 062 C000100 0.0 062 D000100 0.0 062 E000100 1.8 062 F000100 0.0 062 G000100 0.0 062 H000100 0.0 062 I000100 0.0 062 J000100 0.0 062 K000100 0.0 062 L000100 0.0 062 M000100 0.0 062 N000100 0.0 062 O000100 98.2 062 P000100 0.0 062 Q000100 0.0 062 R000100 0.0 PAGE 7 063 A000100 0 063 B000100 12.9 064 A000100 Y 064 B000100 Y 065 000100 N 066 A000100 N 067 000100 N 068 A000100 N 068 B000100 N 069 000100 N 070 A010100 Y 070 A020100 N 070 B010100 Y 070 B020100 N 070 C010100 Y 070 C020100 N 070 D010100 Y 070 D020100 N 070 E010100 Y 070 E020100 N 070 F010100 Y 070 F020100 N 070 G010100 Y 070 G020100 N 070 H010100 Y 070 H020100 N 070 I010100 N 070 I020100 N 070 J010100 Y 070 J020100 N 070 K010100 Y 070 K020100 Y 070 L010100 Y 070 L020100 N 070 M010100 Y 070 M020100 N 070 N010100 Y 070 N020100 N 070 O010100 Y 070 O020100 N 070 P010100 Y 070 P020100 N 070 Q010100 Y 070 Q020100 N 070 R010100 Y 070 R020100 N 071 A000100 119924 071 B000100 178821 071 C000100 370974 071 D000100 32 072 A000100 12 PAGE 8 072 B000100 18981 072 C000100 0 072 D000100 0 072 E000100 0 072 F000100 3036 072 G000100 0 072 H000100 0 072 I000100 0 072 J000100 0 072 K000100 0 072 L000100 0 072 M000100 0 072 N000100 0 072 O000100 0 072 P000100 0 072 Q000100 0 072 R000100 0 072 S000100 0 072 T000100 0 072 U000100 0 072 V000100 0 072 W000100 0 072 X000100 3036 072 Y000100 130 072 Z000100 16075 072AA000100 0 072BB000100 5180 072CC010100 3234 072CC020100 0 072DD010100 16075 072DD020100 0 072EE000100 0 073 A010100 0.4175 073 A020100 0.0000 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028 G040200 31384 028 H000200 0 045 000200 Y 046 000200 N 047 000200 Y 048 000200 0.800 PAGE 10 048 A010200 0 048 A020200 0.000 048 B010200 0 048 B020200 0.000 048 C010200 0 048 C020200 0.000 048 D010200 0 048 D020200 0.000 048 E010200 0 048 E020200 0.000 048 F010200 0 048 F020200 0.000 048 G010200 0 048 G020200 0.000 048 H010200 0 048 H020200 0.000 048 I010200 0 048 I020200 0.000 048 J010200 0 048 J020200 0.000 048 K010200 0 048 K020200 0.000 049 000200 N 050 000200 N 051 000200 N 052 000200 N 053 A000200 N 058 A000200 N 059 000200 Y 060 A000200 N 060 B000200 N 061 000200 5000 062 A000200 Y 062 B000200 0.0 062 C000200 0.0 062 D000200 0.0 062 E000200 2.6 062 F000200 0.0 062 G000200 0.0 062 H000200 0.0 062 I000200 0.0 062 J000200 0.0 062 K000200 0.0 062 L000200 0.0 062 M000200 0.0 062 N000200 0.0 062 O000200 97.4 062 P000200 0.0 062 Q000200 0.0 062 R000200 0.0 063 A000200 0 PAGE 11 063 B000200 13.5 064 A000200 Y 064 B000200 Y 065 000200 N 066 A000200 N 067 000200 N 068 A000200 N 068 B000200 N 069 000200 N 070 A010200 Y 070 A020200 N 070 B010200 Y 070 B020200 N 070 C010200 Y 070 C020200 N 070 D010200 Y 070 D020200 N 070 E010200 Y 070 E020200 N 070 F010200 Y 070 F020200 N 070 G010200 Y 070 G020200 N 070 H010200 Y 070 H020200 N 070 I010200 N 070 I020200 N 070 J010200 Y 070 J020200 N 070 K010200 Y 070 K020200 Y 070 L010200 Y 070 L020200 N 070 M010200 Y 070 M020200 N 070 N010200 Y 070 N020200 N 070 O010200 Y 070 O020200 N 070 P010200 Y 070 P020200 N 070 Q010200 Y 070 Q020200 N 070 R010200 Y 070 R020200 N 071 A000200 75338 071 B000200 54963 071 C000200 201238 071 D000200 27 072 A000200 12 072 B000200 11336 PAGE 12 072 C000200 0 072 D000200 0 072 E000200 0 072 F000200 1717 072 G000200 0 072 H000200 0 072 I000200 0 072 J000200 0 072 K000200 0 072 L000200 0 072 M000200 0 072 N000200 0 072 O000200 0 072 P000200 0 072 Q000200 0 072 R000200 0 072 S000200 0 072 T000200 0 072 U000200 0 072 V000200 0 072 W000200 0 072 X000200 1717 072 Y000200 0 072 Z000200 9619 072AA000200 0 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527 028 F010300 91 028 F020300 56 028 F030300 0 028 F040300 388 028 G010300 1059 028 G020300 395 028 G030300 0 028 G040300 4654 028 H000300 0 045 000300 Y 046 000300 N 047 000300 Y 048 000300 0.800 048 A010300 0 PAGE 14 048 A020300 0.000 048 B010300 0 048 B020300 0.000 048 C010300 0 048 C020300 0.000 048 D010300 0 048 D020300 0.000 048 E010300 0 048 E020300 0.000 048 F010300 0 048 F020300 0.000 048 G010300 0 048 G020300 0.000 048 H010300 0 048 H020300 0.000 048 I010300 0 048 I020300 0.000 048 J010300 0 048 J020300 0.000 048 K010300 0 048 K020300 0.000 049 000300 N 050 000300 N 051 000300 N 052 000300 N 053 A000300 N 058 A000300 N 059 000300 Y 060 A000300 Y 060 B000300 Y 061 000300 5000 062 A000300 Y 062 B000300 0.0 062 C000300 0.0 062 D000300 0.0 062 E000300 0.0 062 F000300 0.0 062 G000300 0.0 062 H000300 0.0 062 I000300 0.0 062 J000300 0.0 062 K000300 0.0 062 L000300 1.5 062 M000300 0.8 062 N000300 27.5 062 O000300 0.0 062 P000300 30.9 062 Q000300 39.3 062 R000300 0.0 063 A000300 0 063 B000300 19.1 PAGE 15 064 A000300 Y 064 B000300 N 066 A000300 N 067 000300 N 068 A000300 N 068 B000300 N 069 000300 N 070 A010300 Y 070 A020300 N 070 B010300 Y 070 B020300 N 070 C010300 Y 070 C020300 Y 070 D010300 Y 070 D020300 N 070 E010300 Y 070 E020300 N 070 F010300 Y 070 F020300 N 070 G010300 Y 070 G020300 N 070 H010300 Y 070 H020300 N 070 I010300 N 070 I020300 N 070 J010300 Y 070 J020300 N 070 K010300 Y 070 K020300 Y 070 L010300 Y 070 L020300 N 070 M010300 Y 070 M020300 N 070 N010300 Y 070 N020300 N 070 O010300 Y 070 O020300 N 070 P010300 Y 070 P020300 N 070 Q010300 Y 070 Q020300 N 070 R010300 Y 070 R020300 N 071 A000300 11863 071 B000300 15890 071 C000300 16843 071 D000300 70 072 A000300 12 072 B000300 958 072 C000300 0 072 D000300 0 PAGE 16 072 E000300 0 072 F000300 141 072 G000300 0 072 H000300 0 072 I000300 0 072 J000300 0 072 K000300 0 072 L000300 0 072 M000300 0 072 N000300 0 072 O000300 0 072 P000300 0 072 Q000300 0 072 R000300 0 072 S000300 0 072 T000300 0 072 U000300 0 072 V000300 0 072 W000300 0 072 X000300 141 072 Y000300 0 072 Z000300 817 072AA000300 106 072BB000300 0 072CC010300 177 072CC020300 0 072DD010300 817 072DD020300 0 072EE000300 0 073 A010300 0.4621 073 A020300 0.0000 073 B000300 0.0000 073 C000300 0.0000 074 A000300 0 074 B000300 0 074 C000300 131 074 D000300 14707 074 E000300 0 074 F000300 0 074 G000300 0 074 H000300 0 074 I000300 0 074 J000300 0 074 K000300 0 074 L000300 157 074 M000300 0 074 N000300 14995 074 O000300 0 074 P000300 10 074 Q000300 0 074 R010300 0 PAGE 17 074 R020300 0 074 R030300 0 074 R040300 62 074 S000300 0 074 T000300 14923 074 U010300 1482 074 U020300 0 074 V010300 10.07 074 V020300 0.00 074 W000300 0.0000 074 X000300 232 074 Y000300 347 075 A000300 0 075 B000300 17528 076 000300 0.00 SIGNATURE PAUL E. RASMUSSEN TITLE VICE PRESIDENT EX-99.77B ACCT LTTR 2 licfix.txt LETTER OF INTERNAL CONTROL Independent Auditors' Report The Board of Directors Sit Money Market Fund, Inc. Sit U.S. Government Securities Fund, Inc. Sit Mutual Funds II, Inc. Sit Mutual Funds Trust: In planning and performing our audits of the financial statements of Sit Money Market Fund, Inc., Sit U.S. Government Securities Fund, Inc., Sit Bond Fund (a series of Sit Mutual Funds II, Inc.), Sit Tax-Free Income Fund (a series of Sit Mutual Funds II, Inc.), Sit Minnesota Tax-Free Income Fund (a series of Sit Mutual Funds II, Inc.), and Sit Florida Tax-Free Income Fund (a series of Sit Mutual Funds Trust) for the year ended March 31, 2004, we considered their internal control, including control activities for safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, not to provide assurance on internal control. The management of Sit Mutual Funds is responsible for establishing and maintaining internal control. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. Generally, controls that are relevant to an audit pertain to the entity's objective of preparing financial statements for external purposes that are fairly presented in conformity with generally accepted accounting principles. Those controls include the safeguarding of assets against unauthorized acquisition, use, or disposition. Because of inherent limitations in internal control, error or fraud may occur and not be detected. Also, projection of any evaluation of internal control to future periods is subject to the risk that it may become inadequate because of changes in conditions or that the effectiveness of the design and operation may deteriorate. Our consideration of internal control would not necessarily disclose all matters in internal control that might be material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements caused by error or fraud in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. However, we noted no matters involving internal control and its operation, including controls for safeguarding securities, that we consider to be material weaknesses as defined above as of March 31, 2004. This report is intended solely for the information and use of management, the Board of Directors, and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. KPMG LLP Minneapolis, Minnesota May 7, 2004 -----END PRIVACY-ENHANCED MESSAGE-----