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2010 Investment Seminars

Sit Mutual Funds will be offering three different investment seminars this winter. For content and dates information please visit the 2010 Seminar page.

Sit Mutual Funds Pay
No Capital Gain in 2009.

Sit Mutual Funds do not have to pay out capital gains for tax year 2009. Portfolio Managers realized losses on select securities during the market downturn, which were sufficient to offset capital gains realized on others. Therefore, no short- or long-term capital gains have to be paid out by the Funds.

For more information as well as the year-end income estimates go to the Tax Information page.

October Performance
Returns Available

Sit Mutual Funds' October 2009 performance returns are available. To view the results go to the Performance page.


Eugene Sit

1938 - 2008


































































Wall Street

October 2009 Financial
Markets in Review

After registering gains for seven consecutive months, it was not surprising that domestic and international equity markets consolidated in October. The S&P 500 Index finished the month down -1.9% while the MSCI EAFE Index declined -1.3%.

Municipal yields rose during October, as new issue supply increased and funds flow slowed. Longer maturity bonds and lower-rated credits underperformed during the month; however, their year-to-date returns remain strong.

Mutual Funds Operations More Transparent Than Hedge Funds

Investors are concerned these days about more than market performance. Tragic stories of portfolios damaged by investments in unethical hedge funds engaged in activities ranging from deceptive accounting to embezzlement are grabbing headlines. The vast majority of hedge funds are reputable and their clients need not worry, but for investors who prefer greater transparency in their investments, mutual funds may be the answer.

Mutual funds and hedge funds both pool investors’ money to be managed as a single portfolio, but there are significant differences between the two when it comes to features such as liquidity, reporting and investment constraints. Both investment vehicles have their place in the investment industry, but when headlines are filled with stories of Ponzi schemes, mutual fund shareholders can find an extra level of comfort in the required liquidity and transparency employed in their portfolios' administration.


November 23, 2009

The Sit Mutual Funds are managed by Sit Investment Associates, Inc., which has been operating under the highest ethical and professional standards since it was founded in 1981 by Eugene C. Sit. We maintain an uncompromising commitment and adherence to our investment philosophy and style, while continually seeking ways to enhance our investment process.

Important Legal Information

The Sit Mutual Funds referred to in this site are offered and sold only to persons residing in the United States, and are offered by Prospectus only. By using this site you agree to our Terms of Use. Information in this site does not constitute an offer to sell, or a solicitation of an offer to buy shares of any Sit Mutual Funds. Shares of the Sit Mutual Funds will not be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Mutual fund investing involves risk. Loss of principal is possible. For more information on any of our Funds, download a Prospectus from this site or call 800-332-5580 to have one sent to you. The Prospectus contains important information about a fund’s investment objectives, risks, and charges and expenses, and should be read carefully before investing.
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