|Fund Assets (Millions):||$156.9|
|Wtd. Avg. Market Cap (Billions):||$660.1|
|Median Market Cap (Billions):||$116.5|
|Minimum Investment Amount:||$5,000|
|Minimum IRA Investment Amount:||$2,000|
Fund Objectives and Strategy
The Sit Large Cap Growth Fund objective is to maximize long-term capital appreciation by investing, under normal market conditions, at least 80% of its net assets in the common stocks of companies with capitalizations of $5 billion or more. The Adviser invests in Domestic growth-oriented companies it believes exhibit the potential for superior growth. The Fund focuses on stocks issued by companies with long records of 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 $15.3 billion (as of 3/31/21). The firm’s sole business is investment management.