Science and Technology Growth Fund

Ticker: SISTX

Fund Type: Sector-Technology

Eugene C. Sit, CFA

Lead Manager

Gene Sit founded Sit Investment Associates (SIA) in July 1981 and is currently the Chairman and Chief Investment Officer of Sit Investment Associates and its various investment companies including Sit/Kim International, and the Sit Mutual Funds group. Prior to that, he was Chief Executive Officer and Chief Investment Officer for American Express Financial Advisors/IDS Advisory. Today, SIA is a diverse financial asset management firm with capabilities in both domestic and international financial asset management. Gene was educated at DePaul University in Chicago where he received his B.S.C. degree in 1960, and he is both a CPA and CFA. Gene is active in the investment industry and in community affairs, and he currently serves as a trustee of The University of Minnesota Carlson School's International Programs, the Dean’s Board of Visitors for The University of Minnesota Medical School, and on the Honorary Council of the Minnesota Historical Society. Gene also is a director of Corning Incorporated and the Smurfit-Stone Container Corporation. Additionally, he is the founder, a Co-Chair and Director of the Minnesotans’ Military Appreciation Fund (MMAF). In the past, he has served as a trustee of TIAA/CREF, The Minneapolis Institute of Arts, Carleton College, and The Minnesota Orchestral Association. Additionally, he has served as Chairman of the Institute of Chartered Financial Analysts; he was a founding member of the Board of Governors of the Association for Investment Management and Research (AIMR); and he has served as chairman and trustee of the Research Foundation of the Institute of Chartered Financial Analysts; he was on the Advisory Board for The University of California, Walter A. Haas School of Business; and served as a trustee of the Board of Pensions of the Presbyterian Church (USA). Gene is a recipient of the C. Steward Sheppard Award given by AIMR in recognition for his outstanding contributions to the investment profession.

Gene Sit also is a portfolio manager of the following Funds:

• Sit Small Cap Growth Fund
• Sit Mid Cap Growth Fund
• Sit Large Cap Growth Fund
• Sit Balanced Fund
• Sit Dividend Growth Fund
• Sit International Growth Fund
• Sit Developing Markets Growth Fund

Robert W. Sit, CFA

Rob joined Sit Investment Associates in February 1993. His primary responsibilities include performing fundamental research on software, networking equipment and computer services companies. For a time, Rob worked for SIA's affiliate, Sit/Kim International, where he was a Research Associate. Rob received a B.A. degree from DePauw University in 1991 and an M.B.A. degree from Northwestern University's J.L. Kellogg Graduate School of Management in 2002.

Rob Sit also is a portfolio manager of the following Funds:

• Sit Small Cap Growth Fund
• Sit Mid Cap Growth Fund

Matt T. Loucks, CFA

Matt joined Sit Investment Associates in February 2005. He is currently responsible for fundamental research on companies in the healthcare sector. Prior to joining SIA, Matt spent four years at William Blair Investment Management in Chicago, also following the healthcare sector. In 2001, Matt received his MBA from the University of Chicago's Graduate School of Business, with concentrations in Finance, Strategy and Accounting. Prior to business school, Matt worked for four years in the investment banking industry, as an analyst in the Equity Capital Markets group at JP Morgan and as an associate in the Financial Sponsors group at Banc of America Securities. He received his B.A. in Economics from the University of Chicago in 1995, where he was captain of the men's basketball team.

Matt Loucks also is a portfolio manager of the following Funds:

• Sit Small Cap Growth Fund
• Sit Mid Cap Growth Fund

Mark A. Pepper

Mark joined Sit Investment Associates in May 2002. His investment experience includes four years as an analyst in the Global Investment Research Department of Goldman, Sachs & Company in New York . At Goldman, where he covered companies in the capital goods and automotive industries. Mark holds a B.S. in Business Administration degree and graduated summa cum laude from Bryant College (1995), where he majored in Finance and specialized in Investment Management. He received an M.B.A. from Harvard University in 2001. Mark's research coverage is in various technology sectors including semiconductors, electronic components, and semiconductor capital equipment.