|Minimum Investment Amounts|
|Minimum IRA Investment Amount|
|Gross Expense Ratios|
|Net Expense Ratios|
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 0.35% 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.
Average Annual Returns
Fund Objectives and Strategy
The Sit Small Cap Dividend Growth Fund seeks current income that exceeds the dividend yield of the Russell 2000® Index and that grows over a period of years, and long-term capital appreciation. To achieve its objectives, the Fund invests, under normal market conditions, at least 80% of its net assets in dividend-paying common stocks. The Adviser invests in dividend-paying, growth-oriented companies with capitalizations of up to $3 billion, or up to the market capitalization of the largest company included in the Russell 2000® Index measured at the end of the previous 12 months, that it believes exhibit the potential for growth and growing dividend payments. The Adviser believes that a company’s earnings growth is a primary determinant of its potential long-term return and that a record of increasing dividend payments is a strong indicator of financial health and growth prospects.
The Fund invests in small cap, growth-oriented stocks that pay dividends. The Fund’s holdings exhibit a blend of growth and value characteristics.
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 $15.3 billion (as of 3/31/23). The firm’s sole business is investment management.