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Sit Small Cap Dividend Growth Fund
Tickers: SSCDX, SDFSX
Information reported as of September 30, 2017
Fund Details
| Inception Dates | 3/31/2015 |
| Fund Assets | |
| I Class | $13.4M |
| S Class | $3.7M |
| Tickers | |
| I Class | SSCDX |
| S Class | SDFSX |
| CUSIP Numbers | |
| I Class | 82980D‑86‑3 |
| S Class | 82980D‑85‑5 |
| Minimum Investment Amounts | |
| I Class | $100,000 |
| S Class | $5,000 |
| Minimum IRA Investment Amount | |
| I Class | $100,000 |
| S Class | $2,000 |
| Expense Ratios | |
| I Class | 1.00% |
| S Class | 1.25% |
Average Annual Returns
| Sit Small Cap Dividend Growth Fund Class I | Russell 2000® Index | |
| Three Month | 4.31 | 5.67 |
| One Year | 16.54 | 20.74 |
| Since Inception* | 8.41 | 8.73 |
Performance figures are historical and do not guarantee future results. Investment returns and principal value will vary, and you may have a gain or loss when you sell shares. Current performance may be lower or higher than the performance data quoted. Performance data current to the most recent month-end is available. Returns include changes in share price as well as reinvestment of all dividends and capital gains. Returns do no reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Management fees and administrative expenses are included in the Fund’s performance. Returns for periods greater than one year are compounded average annual rates of return.
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.
Risk-Reward Profile
The Sit Small Cap Dividend Growth Fund has moderate risk and moderate reward potentials.
Investment Style
The Fund invests in small cap, growth-oriented stocks that pay dividends. The Fund’s holdings exhibit a blend of growth and value characteristics.
Investment Adviser
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 $13.8 billion (as of 9/30/17). The firm’s sole business is investment management.
Portfolio Management
Roger J. Sit
Kent L. Johnson
Robert W. Sit
Michael T. MannsNotes
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.
Mutual fund investing involves risk; principal loss is possible. There is no guarantee the Fund’s investment objectives will be achieved. The market value of securities held by the Fund may fall or fail to rise. Dividend paying stocks may not experience the same capital appreciation as non-dividend paying stocks, and the stocks held by the Fund may reduce or stop paying dividends. Stocks of small and medium sized companies may be subject to more abrupt or erratic market movements than stocks of larger, more established companies, and there may be limited liquidity for certain small cap stocks. The Fund’s focus on growth stocks may cause the Fund’s performance at times to be better or worse than the performance of funds that focus on other types of stocks or that have a broader investment style. International investing involves certain risks and volatility due to potential political, economic or currency instabilities and different financial and accounting standards. An increase in interest rates may lower the value of the fixed-income securities held by the Fund. A decrease in interest rates may lower the income earned by the Fund. More information on these risks considerations, as well as information on other risks to which the Fund is subject, are included in the Fund’s prospectus. The prospectus may be obtained by calling Sit Mutual Funds at 1-800-332-5580 or downloaded from this website. Carefully consider the Fund’s investment objectives, risks, charges and expenses before investing.
Fund holdings, sector allocations (as % of market value) and portfolio characteristics may change at any time and are not investment recommendations. The Russell 2000® Index is an unmanaged index that measures the performance of the 2,000 smallest companies in the Russell 3000® Index, an index consisting of the 3,000 largest U.S. companies based on market capitalization. Russell Investment Group is the owner of the registered trademarks, service marks and copyrights related to the Russell Indexes. Russell® is a registered trademark of Russell Investment Group. It is not possible to invest directly in an index.