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Sit Developing Markets Growth (SDMGX)

14.86
-0.40
(-2.62%)
At close: 8:02:13 PM EDT

Fund Summary

The fund normally invests at least 80% of its net assets in common stocks of companies domiciled or operating in a developing market. It invests in small, medium and large sized companies. The fund may invest in securities representing underlying international securities such as sponsored American Depository Receipts, European Depository Receipts and Global Depository Receipts.

Sit Developing Markets Growth

Minneapolis, MN 55402
3300 Ids Ctr, 80 South 8th St

Fund Overview

Category Diversified Emerging Mkts
Fund Family Sit
Net Assets 8.63M
YTD Return -2.26%
Yield 1.11%
Morningstar Rating
Inception Date Jul 01, 1994

Fund Operations

Last Dividend 0.19
Last Cap Gain 31.00
Holdings Turnover 2.11%
Average for Category --

Fees & Expenses

Expense SDMGX Category Average
Annual Report Expense Ratio (net) 0.99% 1.23%
Prospectus Net Expense Ratio 0.99% --
Prospectus Gross Expense Ratio 2.04% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 5.18%
Max Deferred Sales Load -- 1.16%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Roger J. Sit, Lead Manager since December 01, 1997
Roger J. Sit – CEO and Global Chief Investment Officer Roger Sit directs investment management activities for Sit Investment Associates, a diverse financial asset management firm with capabilities in both domestic and international investment products. Roger joined the organization in January 1998 and worked closely with firm founder Gene Sit for over ten years. Prior to joining the firm, Roger was a Vice President and Senior Equity Research Analyst at Goldman Sachs & Co. in New York for seven years. Additionally, he was a Captain in the U.S. Air Force, serving six years active duty with financial management responsibilities at Headquarters Space Division. Roger graduated with Military Distinction from the U.S. Air Force Academy in 1984. He earned a M.S. in Systems Management from the University of Southern California in 1987 and an M.B.A. with honors from the Harvard Graduate School of Business in 1991. Roger serves on the boards of Convergent Capital, TCF Financial Corporation, the Minneapolis Institute of Arts and the McKnight Foundation.

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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