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Fund Details
Inception Dates | ||
I Class | 12/31/2003 | |
S Class | 3/31/2006 | |
Fund Assets | ||
I Class | $218.6M | |
S Class | $25.7M | |
Tickers | ||
I Class | SDVGX | |
S Class | SDVSX | |
CUSIP Numbers | ||
I Class | 82980D‑70‑7 | |
S Class | 82980D‑80‑6 | |
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 | 0.70% | |
S Class | 0.95% |
Average Annual Returns
Fund Objectives and Strategy
The Sit Dividend Growth Fund seeks current income that exceeds the dividend yield of the S&P 500® Index and 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 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.
Investment Style
The Fund invests in large 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., an employee-owned firm founded in 1981 in Minneapolis, Minnesota and currently manages $16.4 billion (as of 3/31/22). The firm’s sole business is investment management.