The following is printed from www.sitfunds.com

High Income Municipal Bond Fund

I Class Ticker: SHMIX
U Class Ticker: SHIUX

Fund Type: High Income Municipal Debt
Overview


Performance

Average Annual Returns as of March 31, 2008

 
Three Month*
One Year
Since Inception**
Sit High Income Municipal Fund
-0.58%
-4.89%
-3.24%
Lehman Municipal Bond Index
-0.61
1.91
2.18
*Not Annualized; **Inception Date of 12/31/06

About the Fund

Net Assets (as of 3/31/08): $24.8 Million
Inception Date: 12/31/06
Lead Manager Tenure: Since 12/31/06
I Class Ticker Symbol: SHMIX
I Class Sit Fund Number: 18
I Class CUSIP Number: 82979K-40-7
I Class Minimum Investment Amount: $150,000
U Class Ticker Symbol: SHIUX
U Class Sit Fund Number: 19
U Class CUSIP Number: 82979K-30-8
U Class Minimum Investment Amount: $10,000

Fund Management

Michael C. Brilley
  • 40 Years of industry experience.
Debra A. Sit, CFA
  • 26 Years of industry experience.
Paul J. Jungquist, CPA, CFA
  • 14 Years of industry experience.

Click for Full Biographies



Fund Facts

  • The Fund seeks high current income that is exempt from federal regular income tax.

 

Risk-Reward Spectrum


Notes

Performance listed above is current to the most recent quarter-end. 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.

Performance figures are historical and do not guarantee future results. Investment returns and principal value will vary, and you may have gain or loss when you sell shares. Average annual total returns include changes in share price as well as reinvestment of all dividends and capital gains. Current performance may be lower or higher than the performance data quoted.

For more complete information about the Fund, call for a free prospectus at 800-332-5580 or download a prospectus from this site. The prospectus contains information about the investment objectives, risks, and charges and expenses. Please read it carefully before investing or sending money.

Chop

July 4, 2008





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