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Expense ratios are as stated in the prospectus dated January 1, 2022. Sit Investment Associates, Inc. (the “Adviser”) has agreed to a management fee waiver equal to 0.25% through June 30, 2023. Until such date, the waiver cannot be terminated without approval by the Fund’s Board of Directors. After June 30, 2023, the Adviser may elect to extend, modify or terminate the fee waiver.
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.
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 $15.2 billion (as of 12/31/22). The firm’s sole business is investment management.