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Sit ESG Growth Fund
Tickers: IESGX, SESGX
Information reported as of September 30, 2024
Fund Details
| Inception Dates | 6/30/2016 |
| Fund Assets | |
| I Class | $6.4M |
| S Class | $5.5M |
| Tickers | |
| I Class | IESGX |
| S Class | SESGX |
| CUSIP Numbers | |
| I Class | 82980D‑84‑8 |
| S Class | 82980D‑83‑0 |
| Minimum Investment Amounts | |
| I Class | $100,000 |
| S Class | $5,000 |
| Minimum IRA Investment Amount | |
| I Class | $100,000 |
| S Class | $2,000 |
| Gross Expense Ratios | |
| I Class | 1.26% |
| S Class | 1.51% |
| Net Expense Ratios | |
| I Class | 1.01% |
| S Class | 1.26% |
Expense ratios are as stated in the prospectus dated November 1, 2023. Sit Investment Associates, Inc. (the “Adviser”) has agreed to a management fee waiver equal to 0.25% through June 30, 2025. Until such date, the waiver cannot be terminated without approval by the Fund’s Board of Directors. After June 30, 2025, the Adviser may elect to extend, modify or terminate the fee waiver. |
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Average Annual Returns (%)
Performance figures are historical and do not guarantee future results. Investment returns and principal value will vary, and you may have a gain or loss when you sell shares. Current performance may be lower or higher than the performance data quoted. Performance data current to the most recent month-end is available. Returns include changes in share price as well as reinvestment of all dividends and capital gains and all fee waivers. Without the fee waivers, total return figures would have been lower. Returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Management fees and administrative expenses are included in the Fund’s performance. Returns for periods greater than one year are compounded average annual rates of return.
Fund Objectives and Strategy
The Sit ESG Growth Fund objective is to maximize long-term capital appreciation by investing, under normal market conditions, at least 80% of its net assets in companies that the Adviser believes have strong environmental, social and corporate governance (ESG) practices at the time of purchase.
Risk-Reward Profile
The Sit ESG Growth Fund has higher risk and higher reward potentials.
Investment Style
The Fund invests in large to medium capitalization global companies that the Adviser believes have strong environmental, social and corporate governance (ESG) practices at the time of purchase.
Investment Adviser
The Sit Mutual Funds’ investment adviser is Sit Investment Associates, Inc. It is an employee-owned firm founded in 1981 in Minneapolis, Minnesota and currently manages $16.6 billion. The firm’s sole business is investment management.
Portfolio Management
Notes
Performance listed above is current to the most recent quarter-end. Performance data current to the most recent month-end can be found on the Performance Summary page.
Mutual fund investing involves risk; principal loss is possible. There is no guarantee the Fund’s investment objectives will be achieved. The market value of securities held by the Fund may fall or fail to rise. Stocks of companies with ESG practices may not experience the same capital appreciation as companies without ESG practices. Stocks of medium sized companies may be subject to more abrupt or erratic market movements than stocks of larger, more established companies. The Fund’s focus on growth stocks may cause the Fund’s performance at times to be better or worse than the performance of funds that focus on other types of stocks or that have a broader investment style. International investing involves certain risks and volatility due to potential political, economic or currency instabilities and different financial and accounting standards. An increase in interest rates may lower the value of the fixed-income securities held by the Fund. A decrease in interest rates may lower the income earned by the Fund. More information on these risks considerations, as well as information on other risks to which the Fund is subject, are included in the Fund’s prospectus. The prospectus may be obtained by calling Sit Mutual Funds at 1-800-332-5580 or downloaded from this website. Read the prospectus carefully before investing. Investment return and principal value of an investment will fluctuate so that an investor’s shares when redeemed may be worth more or less than their original cost. Carefully consider the Fund’s investment objectives, risks, charges and expenses before investing.
Fund holdings, sector allocations (as % of market value) and portfolio characteristics may change at any time and are not investment recommendations. The MSCI World Index represents large and mid-cap equity performance of 23 developed markets countries. It is not possible to invest directly in an index.