|Fund Assets (Millions):||$142.3|
|Wtd. Avg. Market Cap (Billions):||$11.8|
|Median Market Cap (Billions):||$6.3|
|Minimum Investment Amount:||$5,000|
|Minimum IRA Investment Amount:||$2,000|
Fund Objectives and Strategy
The Sit Small Cap Growth Fund seeks to maximize long-term capital appreciation by investing, under normal market conditions, at least 80% of its net assets in common stocks of 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. The Adviser invests in domestic growth-oriented small companies it believes exhibit the potential for superior growth. The Adviser believes that a company’s earnings growth is the primary determinant of its potential long-term return and evaluates a company’s potential for above average long-term earnings and revenue growth.
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 $17.3 billion (as of 12/31/21). The firm’s sole business is investment management.