Sit Mutual Funds Annual Message to Shareholders

October 2020

Printable Companion Pieces

Opinions and statements of financial market trends that are based on current market conditions constitute our judgment and are subject to change without notice. We believe the information provided here, including all charts and data whether created by Sit or a third party, is reliable but should not be assumed to be accurate or complete.

Statements of future expectations, estimates, projections, and other forward-looking statements are based on available information and Sit’s views as of the time of these statements. Accordingly, such statements are inherently speculative as they are based on assumptions that may involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such statements.

The information provided in this presentation should not be considered a recommendation of any particular security or strategy, nor should it be considered a solicitation or offering to sell securities or an interest in any strategy or fund.

The views and strategies described may not be suitable for all investors, and readers should not rely on this publication as their sole source of investment information.  Investments are subject to risks, including the possible loss of principal. Past performance is not indicative of future performance.

Mutual fund investing involves risk; principal loss is possible. There is no guarantee that a Fund’s objectives will be achieved, and the market value of securities held by a Fund may fall or fail to rise. Fund holdings, sector allocations (as % of market value) and portfolio characteristics may change at any time and are not investment recommendations. More information on the risks specific to each Fund is included in each Fund’s prospectus. Prospectuses may be obtained by calling Sit Mutual Funds at 800-332-5580 or at Read the prospectus carefully before investing.