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Fund Details
Inception Dates | 3/31/15 | |
Fund Assets | ||
I Class | $14.8M | |
S Class | $4.7M | |
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
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
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 $14.9 billion (as of 12/31/20). The firm’s sole business is investment management.