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Trending ETFs

Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$17.83

$9.11 M

1.34%

$0.24

2.04%

Vitals

YTD Return

12.9%

1 yr return

17.2%

3 Yr Avg Return

-1.1%

5 Yr Avg Return

3.6%

Net Assets

$9.11 M

Holdings in Top 10

51.4%

52 WEEK LOW AND HIGH

$17.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.04%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 7.52%

Redemption Fee 2.00%


Min Investment

Standard (Taxable)

$5,000

IRA

$2,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$17.83

$9.11 M

1.34%

$0.24

2.04%

SDMGX - Profile

Distributions

  • YTD Total Return 12.9%
  • 3 Yr Annualized Total Return -1.1%
  • 5 Yr Annualized Total Return 3.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.05%
DIVIDENDS
  • Dividend Yield 1.3%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Sit Developing Markets Growth Fund
  • Fund Family Name
    SIT Mutual Funds
  • Inception Date
    Apr 26, 1995
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Raymond Sit

Fund Description

The Fund seeks to achieve its objective by investing, under normal market conditions, at least 80% of its net assets in common stocks of companies domiciled or operating in a developing market.
Developing markets are those countries that:
have emerging stock markets as defined by the International Finance Corporation,
have low‑to middle-income economies according to the World Bank, or
have similar developing characteristics, for example, countries in the MSCI EM Index and Hong Kong are considered to be developing.
As of September 30, 2024, the Fund held investments in Argentina, Australia, Brazil, Chile, China, Hong Kong, India, Indonesia, Israel, Mexico, Netherlands, Peru, South Africa, South Korea, Singapore, Taiwan, Thailand, and United States.
In selecting investments for the Fund, the Adviser begins by selecting countries or regions in which to invest. In making its selections, the Adviser considers several factors affecting the economy and equity market of foreign countries and regions, including:
economic trends,
earnings outlook,
liquidity within the market,
fiscal and monetary policy,
currency exchange rate expectations,
investment valuation,
market sentiment, and
social and political trends.
After the country and regional allocations are determined, the Adviser seeks industries and sectors that appear to have strong earnings growth prospects. Within the selected industries and sectors, the Adviser invests in foreign growth-oriented companies it believes exhibit the potential for superior growth. The Adviser believes that a company’s earnings growth is the primary determinant of its potential long-term return and evaluates a company’s potential for above average long-term earnings and revenue growth. Several factors are considered in the Adviser’s evaluation of a company, including:
unique product or service,
growing product demand,
regional or country dominance and growing market share,
management experience and capabilities, and
strong financial condition.
When selling equity securities for the Fund, the Adviser considers several factors, including changes in a company’s fundamentals and anticipated earnings.
The Fund invests in small, medium and large sized companies. Small companies generally have capitalizations of under $3.0 billion, and large companies generally have a capitalization greater than $5 billion. The Fund may invest in securities representing underlying international securities such as sponsored American Depository Receipts, European Depository Receipts and Global Depository Receipts.
The Fund may invest in open‑end investment companies (mutual funds) and closed‑end investment companies which invest in the same types of securities in which the Fund may invest directly.
In order to hedge against adverse movements in currency exchange rates, the Fund may from time to time enter into forward foreign currency exchange contracts.
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SDMGX - Performance

Return Ranking - Trailing

Period SDMGX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.9% -12.0% 32.8% 11.05%
1 Yr 17.2% -7.2% 35.4% 11.76%
3 Yr -1.1%* -14.3% 11.2% 29.26%
5 Yr 3.6%* -5.5% 11.3% 45.20%
10 Yr 3.0%* -2.1% 6.5% 47.62%

* Annualized

Return Ranking - Calendar

Period SDMGX Return Category Return Low Category Return High Rank in Category (%)
2023 5.1% -6.5% 35.5% 84.20%
2022 -19.2% -50.1% -2.4% 13.97%
2021 -10.8% -33.1% 22.5% 73.50%
2020 22.8% -22.1% 80.1% 32.37%
2019 17.7% -0.7% 42.0% 53.83%

Total Return Ranking - Trailing

Period SDMGX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.9% -12.0% 32.8% 11.05%
1 Yr 17.2% -7.2% 35.4% 11.76%
3 Yr -1.1%* -14.3% 11.2% 29.26%
5 Yr 3.6%* -5.5% 11.3% 45.20%
10 Yr 3.0%* -2.1% 6.5% 47.62%

* Annualized

Total Return Ranking - Calendar

Period SDMGX Return Category Return Low Category Return High Rank in Category (%)
2023 7.3% -2.7% 42.0% 80.11%
2022 -17.2% -42.2% 1.9% 17.47%
2021 -8.9% -32.5% 33.1% 88.29%
2020 23.1% -20.0% 81.6% 33.49%
2019 19.8% 2.3% 42.0% 56.83%

NAV & Total Return History


SDMGX - Holdings

Concentration Analysis

SDMGX Category Low Category High SDMGX % Rank
Net Assets 9.11 M 682 K 103 B 96.06%
Number of Holdings 51 9 7534 90.70%
Net Assets in Top 10 4.65 M 290 K 23.8 B 94.23%
Weighting of Top 10 51.36% 2.9% 101.1% 4.23%

Top 10 Holdings

  1. Taiwan Semiconductor Manufacturing Co Ltd 12.31%
  2. Samsung Electronics Co Ltd 7.14%
  3. Broadcom Inc 6.29%
  4. iShares MSCI India ETF 6.00%
  5. Tencent Holdings Ltd 4.31%
  6. DBS Group Holdings Ltd 3.52%
  7. HDFC Bank Ltd 3.11%
  8. Naspers Ltd 3.08%
  9. Southern Copper Corp 2.85%
  10. FIDELITY GOVERNMENT PORT-I 2.74%

Asset Allocation

Weighting Return Low Return High SDMGX % Rank
Stocks
96.60% 0.00% 107.82% 63.80%
Cash
2.74% -2.03% 98.08% 29.72%
Preferred Stocks
0.74% 0.00% 13.31% 45.49%
Other
0.00% -1.11% 26.93% 85.49%
Convertible Bonds
0.00% 0.00% 7.40% 85.67%
Bonds
0.00% 0.00% 88.10% 87.18%

Stock Sector Breakdown

Weighting Return Low Return High SDMGX % Rank
Technology
29.71% 0.00% 47.50% 12.27%
Financial Services
22.27% 0.00% 48.86% 47.79%
Communication Services
11.75% 0.00% 39.29% 16.69%
Consumer Cyclical
10.29% 0.00% 48.94% 76.32%
Consumer Defense
8.27% 0.00% 25.90% 26.68%
Basic Materials
7.50% 0.00% 30.03% 56.06%
Healthcare
3.68% 0.00% 16.53% 56.06%
Utilities
3.03% 0.00% 39.12% 20.11%
Industrials
2.23% 0.00% 43.53% 93.58%
Energy
1.24% 0.00% 24.80% 84.17%
Real Estate
0.03% 0.00% 17.15% 83.45%

Stock Geographic Breakdown

Weighting Return Low Return High SDMGX % Rank
Non US
61.30% 0.00% 100.18% 95.49%
US
35.30% 0.00% 100.95% 3.94%

SDMGX - Expenses

Operational Fees

SDMGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.04% 0.03% 29.98% 19.77%
Management Fee 2.00% 0.00% 2.00% 100.00%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.85% N/A

Sales Fees

SDMGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

SDMGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 78.57%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SDMGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 7.52% 0.00% 189.00% 3.12%

SDMGX - Distributions

Dividend Yield Analysis

SDMGX Category Low Category High SDMGX % Rank
Dividend Yield 1.34% 0.00% 9.74% 43.94%

Dividend Distribution Analysis

SDMGX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Annual Annual

Net Income Ratio Analysis

SDMGX Category Low Category High SDMGX % Rank
Net Income Ratio 0.05% -1.98% 17.62% 75.44%

Capital Gain Distribution Analysis

SDMGX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

SDMGX - Fund Manager Analysis

Managers

Raymond Sit


Start Date

Tenure

Tenure Rank

Aug 03, 1994

27.84

27.8%

Raymond E. Sit, Vice President – Research and Investment Management of the Sit Investment Associates, Inc.

Roger Sit


Start Date

Tenure

Tenure Rank

Dec 01, 1997

24.51

24.5%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.71 6.65 13.42