How to Exchange Shares
Exchange by Mail
You may sell shares of one Sit Fund and purchase shares of another Sit Fund by mailing a letter of instruction signed by all registered owners of the account to Sit Mutual Funds.
A letter of instruction must include your account number, the name(s) and the number of shares or dollar amount of the Fund(s) you want to sell and the name(s) of the Fund(s) you want to purchase.
Exchange by Telephone
You may sell shares of one Sit Fund and purchase shares of another Sit Fund by calling us at 1-800-332-5580. If you call after business hours, you will need your Personal Identification Number to use the automatic telephone system.
You may sell shares of one Sit Fund and purchase shares of another Sit Fund online in the Account Access area of the website.
There is no cost to sell shares of one or more Sit Funds and use the proceeds to buy shares of another Sit Fund.
Before making an exchange, please read the Prospectus and consider the investment objective of the Fund you are purchasing.
An exchange of shares is a sale for federal income tax purposes and you may have a taxable capital gain or loss.
You may set up an Automatic Exchange Plan on your initial account application or on a Change of Account Options Form. The plan allows you to establish a recurring exchange to be executed on a monthly or annual basis.