SSMGX: Sit Small Cap Growth

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SSMGX Sit Small Cap Growth


Profile

SSMGX - Profile

Vitals

  • YTD Return 6.2%
  • 3 Yr Annualized Return 3.6%
  • 5 Yr Annualized Return 0.1%
  • Net Assets $102 M
  • Holdings in Top 10 19.5%

52 WEEK LOW AND HIGH

$59.09
$50.83
$59.33

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.50%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 26.34%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

  • Standard (Taxable) $5,000
  • IRA $2,000

Fund Classification


Distributions

  • YTD Total Return 6.2%
  • 3 Yr Annualized Total Return 3.6%
  • 5 Yr Annualized Total Return 0.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.47%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    SIT Small Cap Growth Fund
  • Fund Family Name
    Sit
  • Inception Date
    Jul 01, 1994
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Robert 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 with capitalizations at the time of purchase of up to $3.0 billion, or up to the market capitalization of the largest company included in the Russell 2000® Index measured at the end of the previous twelve months. The Russell 2000® Index measures the performance of the 2,000 smallest companies in the Russell 3000® Index (which is made up of the 3,000 largest U.S. companies based on total market capitalization).


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Categories

Performance

SSMGX - Performance

Return Ranking - Trailing

Period SSMGX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.2% -1.0% 29.6% 60.30%
1 Yr 13.4% -53.8% 62.3% 57.63%
3 Yr 3.6%* -38.4% 45.0% 64.97%
5 Yr 0.1%* -30.5% 25.8% 67.60%
10 Yr 6.4%* -15.0% 20.0% 50.74%

* Annualized

Return Ranking - Calendar

Period SSMGX Return Category Return Low Category Return High Rank in Category (%)
2019 25.2% -50.2% 44.9% 50.09%
2018 -18.6% -51.7% 102.3% 66.19%
2017 8.4% -21.1% 36.0% 82.77%
2016 3.4% -61.7% 40.3% 34.15%
2015 -12.1% -54.0% 12.2% 78.49%

Total Return Ranking - Trailing

Period SSMGX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.2% -1.0% 29.6% 60.30%
1 Yr 13.4% -53.8% 62.3% 57.63%
3 Yr 3.6%* -33.6% 45.0% 81.73%
5 Yr 0.1%* -21.1% 25.8% 90.56%
10 Yr 6.4%* -10.4% 20.0% 81.01%

* Annualized

Total Return Ranking - Calendar

Period SSMGX Return Category Return Low Category Return High Rank in Category (%)
2019 25.2% -50.2% 44.9% 50.09%
2018 -18.6% -51.7% 102.3% 78.53%
2017 8.4% -7.0% 39.4% 94.89%
2016 3.4% -61.7% 40.3% 56.24%
2015 -12.1% -54.0% 12.2% 92.47%

NAV & Total Return History


Holdings

SSMGX - Holdings

Concentration Analysis

SSMGX Category Low Category High SSMGX % Rank
Net Assets 102 M 753 K 34.2 B 82.27%
Number of Holdings 87 1 2554 41.47%
Net Assets in Top 10 19.6 M 186 K 6.42 B 85.95%
Weighting of Top 10 19.49% 5.9% 100.0% 75.59%

Top 10 Holdings

  1. Euronet Worldwide Inc 2.60%
  2. Waste Connections Inc 2.08%
  3. Globant SA 2.03%
  4. Paycom Software Inc 1.96%
  5. Booz Allen Hamilton Holding Corp Class A 1.87%
  6. YETI Holdings Inc 1.85%
  7. Monolithic Power Systems Inc 1.80%
  8. Nexstar Media Group Inc Class A 1.77%
  9. The Scotts Miracle Gro Co A 1.77%
  10. ASGN Inc 1.77%

Asset Allocation

Weighting Return Low Return High SSMGX % Rank
Stocks
97.06% 83.13% 121.88% 68.56%
Cash
2.94% -27.03% 16.87% 26.76%
Preferred Stocks
0.00% 0.00% 3.45% 55.69%
Other
0.00% -10.22% 5.15% 56.86%
Convertible Bonds
0.00% 0.00% 0.16% 53.01%
Bonds
0.00% 0.00% 6.52% 54.52%

Stock Sector Breakdown

Weighting Return Low Return High SSMGX % Rank
Technology
28.16% 0.00% 54.65% 51.17%
Industrials
26.37% 0.00% 33.54% 2.34%
Healthcare
15.45% 0.00% 41.67% 63.38%
Consumer Cyclical
9.56% 2.74% 58.77% 87.96%
Communication Services
5.16% 0.00% 26.56% 31.77%
Consumer Defense
4.29% 0.00% 16.93% 29.60%
Financial Services
3.87% 0.00% 40.35% 91.30%
Basic Materials
2.44% 0.00% 19.70% 34.11%
Real Estate
2.08% 0.00% 52.42% 71.07%
Energy
1.46% 0.00% 11.32% 23.91%
Utilities
1.15% 0.00% 6.65% 15.72%

Stock Geographic Breakdown

Weighting Return Low Return High SSMGX % Rank
US
91.64% 80.33% 115.67% 76.09%
Non US
5.42% 0.00% 16.67% 22.91%

Expenses

SSMGX - Expenses

Operational Fees

SSMGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.50% 0.05% 27.43% 28.52%
Management Fee 1.50% 0.00% 1.50% 100.00%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

SSMGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

SSMGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 33.33%

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.

SSMGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 26.34% 1.24% 385.00% 26.06%

Distributions

SSMGX - Distributions

Dividend Yield Analysis

SSMGX Category Low Category High SSMGX % Rank
Dividend Yield 0.00% 0.00% 40.68% 54.01%

Dividend Distribution Analysis

SSMGX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

SSMGX Category Low Category High SSMGX % Rank
Net Income Ratio -0.47% -2.55% 2.65% 62.20%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

SSMGX - Fund Manager Analysis

Managers

Robert Sit


Start Date

Tenure

Tenure Rank

Dec 21, 1997

22.13

22.1%

Robert W. Sit, CFA (1969) Vice President - Equity Investments at Sit Investment Associates, Inc. (1993-Present). Rob joined Sit Investment Associates’ affiliate Sit International (Sit/Kim) as a research associate in 1991. In 1993, he joined Sit Investment Associates’ technology research team. Rob earned an M.B.A. from Northwestern University’s J. L. Kellogg Graduate School of Management in 2002 and a B.A. degree in economics from DePauw University in 1991.

Kent Johnson


Start Date

Tenure

Tenure Rank

Oct 20, 2003

16.29

16.3%

Kent L. Johnson, CFA – Senior Vice President - Research and Investment Management Kent joined Sit Investment Associates in January 1989. He is currently responsible for co-managing the Sit Dividend Growth Fund and provides fundamental research on companies in the capital goods, financial, transportation and education sectors. In addition, Kent leads SIA’s quantitative research team. He has served in a variety of positions at SIA, including client administration and computer applications, before joining the equity research staff in 1993. Kent received a B.S. in Finance in 1989 from the University of Minnesota and earned an M.B.A. from the University of Minnesota Carlson School of Management in 1995.

Roger Sit


Start Date

Tenure

Tenure Rank

Apr 27, 2008

11.77

11.8%

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
0.01 33.1 7.97 3.92