UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act number 811-04033
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Sit Bond Fund, a series of Sit Mutual Funds II, Inc.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)

3300 IDS Center, 80 S. 8th Street, Minneapolis, MN 55402
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)

Kelly K . Boston, Staff Attorney
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3300 IDS Center, 80 S. 8th Street, Minneapolis, MN 55402
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(NAME AND ADDRESS OF AGENT FOR SERVICE)

Registrant's telephone number, including area code: 612-332-3223
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Date of fiscal year end: March 31, 2005
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Date of reporting period: July 1, 2004 - June 30, 2005
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PROXY VOTE SUMMARY REPORT FROM 07/01/04 TO 06/30/05

SIT BOND FUND

Meeting
Issuer Symbol CUSIP Date Ballot Issues Proponent Mgmt. Rec. Fund Vote Cast
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American
Select
Portfolio,
Inc. 29570108 9/15/2004 1.1 Elect Director Benjamin R. Field III Mgmt For For
1.2 Elect Director Mickey P. Foret Mgmt For For
1.3 Elect Director Roger A. Gibson Mgmt For For
1.4 Elect Director Victoria J. Herget Mgmt For For
1.5 Elect Director Leonard W. Kedrowski Mgmt For For
1.6 Elect Director Richard K. Riederer Mgmt For For
1.7 Elect Director Joseph D. Strauss Mgmt For For
1.8 Elect Director Virginia L. Stringer Mgmt For For
1.9 Elect Director James M. Wade Mgmt For For
2 Ratify Auditors Mgmt For For

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American
Strategic
Income
Portfolio
Inc. 30098107 9/15/2004 1.1 Elect Director Benjamin R. Field III Mgmt For For
1.2 Elect Director Mickey P. Foret Mgmt For For
1.3 Elect Director Roger A. Gibson Mgmt For For
1.4 Elect Director Victoria J. Herget Mgmt For For
1.5 Elect Director Leonard W. Kedrowski Mgmt For For
1.6 Elect Director Richard K. Riederer Mgmt For For
1.7 Elect Director Joseph D. Strauss Mgmt For For
1.8 Elect Director Virginia L. Stringer Mgmt For For
1.9 Elect Director James M. Wade Mgmt For For
2 Ratify Auditors Mgmt For For

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American
Strategic
Income
Portfolio
Inc. -- II 30099105 9/15/2004 1.1 Elect Director Benjamin R. Field III Mgmt For For
1.2 Elect Director Mickey P. Foret Mgmt For For
1.3 Elect Director Roger A. Gibson Mgmt For For
1.4 Elect Director Victoria J. Herget Mgmt For For
1.5 Elect Director Leonard W. Kedrowski Mgmt For For
1.6 Elect Director Richard K. Riederer Mgmt For For
1.7 Elect Director Joseph D. Strauss Mgmt For For
1.8 Elect Director Virginia L. Stringer Mgmt For For

PROXY VOTE SUMMARY REPORT FROM 07/01/04 TO 06/30/05

SIT BOND FUND

1.9 Elect Director James M. Wade Mgmt For For
2 Ratify Auditors Mgmt For For

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American
Strategic
Income
Portfolio
Inc. - III 03009T101 9/15/2004 1.1 Elect Director Benjamin R. Field III Mgmt For For
1.2 Elect Director Mickey P. Foret Mgmt For For
1.3 Elect Director Roger A. Gibson Mgmt For For
1.4 Elect Director Victoria J. Herget Mgmt For For
1.5 Elect Director Leonard W. Kedrowski Mgmt For For
1.6 Elect Director Richard K. Riederer Mgmt For For
1.7 Elect Director Joseph D. Strauss Mgmt For For
1.8 Elect Director Virginia L. Stringer Mgmt For For
1.9 Elect Director James M. Wade Mgmt For For
2 Ratify Auditors Mgmt For For

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SIT Money
Market Fund
Inc. 82979F101 10/18/2004 1.1 Elect Director Eugene C. Sit Mgmt For For
1.2 Elect Director Sidney L. Jones Mgmt For For
1.3 Elect Director William E. Frenzel Mgmt For For
1.4 Elect Director John E. Hulse Mgmt For For
1.5 Elect Director Bruce C. Lueck Mgmt For For
1.6 Elect Director Donald W. Phillips Mgmt For For
2 Ratify Auditors Mgmt For For

SIGNATURES

Pursuant to the requirements of the Investment Company Act of 1940, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

(Registrant) Sit Bond Fund, a series of Sit Mutual Funds II, Inc.

By (Signature and Title)* /s/ Paul E. Rasmussen, Vice President
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Date August 19, 2005
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* Print the name and title of each signing officer under his or her signature.