# EDGAR Filing Document

**Accession Number:** 0000877880
**File Stem:** 0000356787-23-000002
**Filing Date:** 2023-1
**Character Count:** 9062
**Document Hash:** f6e7dfa37ce16729ed2a1986a0101def
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000356787-23-000002.hdr.sgml**: 20230105

**ACCESSION NUMBER**: 0000356787-23-000002

**CONFORMED SUBMISSION TYPE**: 40-24B2

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230105

**DATE AS OF CHANGE**: 20230105

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SIT MID CAP GROWTH FUND INC
- **CENTRAL INDEX KEY:** 0000356787
- **IRS NUMBER:** 411414580
- **STATE OF INCORPORATION:** MN
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 40-24B2
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03342
- **FILM NUMBER:** 23510677

**BUSINESS ADDRESS:**
- **STREET 1:** 3300 IDS CTR, 80 S 8TH ST
- **STREET 2:** 3300 IDS CTR, 80 S 8TH ST
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402-4130
- **BUSINESS PHONE:** 612-332-32

**MAIL ADDRESS:**
- **STREET 1:** 3300 IDS CTR, 80 S 8TH ST
- **STREET 2:** 3300 IDS CTR, 80 S 8TH ST
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402-4130

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SIT GROWTH FUND INC
- **DATE OF NAME CHANGE:** 19940620

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SIT NEW BEGINNING GROWTH & INCOME FUND INC
- **DATE OF NAME CHANGE:** 19930923

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NEW BEGINNING INCOME & GROWTH FUND INC
- **DATE OF NAME CHANGE:** 19870907
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SIT MUTUAL FUNDS INC
- **CENTRAL INDEX KEY:** 0000877880
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MN
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 40-24B2
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06373
- **FILM NUMBER:** 23510680

**BUSINESS ADDRESS:**
- **STREET 1:** 3300 IDS CTR, 80 SOUTH 8TH ST
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402-4130
- **BUSINESS PHONE:** 612-332-3223

**MAIL ADDRESS:**
- **STREET 1:** 3300 IDS CTR, 80 SOUTH 8TH ST
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402-4130

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SIT NEW BEGINNING MUTUAL FUNDS INC
- **DATE OF NAME CHANGE:** 19920929
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SIT U S GOVERNMENT SECURITIES FUND INC
- **CENTRAL INDEX KEY:** 0000809981
- **IRS NUMBER:** 411570831
- **STATE OF INCORPORATION:** MN
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 40-24B2
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04995
- **FILM NUMBER:** 23510679

**BUSINESS ADDRESS:**
- **STREET 1:** 3300 IDS CTR 80 S 8TH ST
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402
- **BUSINESS PHONE:** 6123323223

**MAIL ADDRESS:**
- **STREET 1:** 3300 IDS CENTER, 80 SOUTH EIGHTH  ST
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402-4130

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SIT NEW BEGINNING U S GOVERNMENT SECURITIES FUND INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NEW BEGINNING U S GOVERNMENT SECURITIES FUND INC
- **DATE OF NAME CHANGE:** 19870601
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SIT LARGE CAP GROWTH FUND INC
- **CENTRAL INDEX KEY:** 0000356786
- **IRS NUMBER:** 411414580
- **STATE OF INCORPORATION:** MN
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 40-24B2
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03343
- **FILM NUMBER:** 23510681

**BUSINESS ADDRESS:**
- **STREET 1:** 3300 IDS CENTER 80 SOUTH 8TH ST
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402
- **BUSINESS PHONE:** 612-332-3223

**MAIL ADDRESS:**
- **STREET 1:** 3300 IDS CENTER 80 SOUTH 8TH ST
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SIT GROWTH & INCOME FUND INC
- **DATE OF NAME CHANGE:** 19940620

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NEW BEGINNING GROWTH FUND INC/NEW
- **DATE OF NAME CHANGE:** 19870907
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SIT MUTUAL FUNDS II INC
- **CENTRAL INDEX KEY:** 0000746601
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MN
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 40-24B2
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04033
- **FILM NUMBER:** 23510678

**BUSINESS ADDRESS:**
- **STREET 1:** 3300 IDS CTR, 80 S. 8TH STREET
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402
- **BUSINESS PHONE:** 612-332-3223

**MAIL ADDRESS:**
- **STREET 1:** 3300 IDS CTR, 80 S. 8TH STREET
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SIT NEW BEGINNING TAX FREE INCOME FUND INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SIT NEW BEGINNING YIELD FUND INC
- **DATE OF NAME CHANGE:** 19880929

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NEW BEGINNING YIELD FUND INC
- **DATE OF NAME CHANGE:** 19870907

### Attached PDF Documents

**Attachment 1:** `Usgqtrbyqtr12312022.pdf`

# SIT U.S. GOVERNMENT SECURITIES FUND

(Performance Statistics are After Investment Management Fees)

|  | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | Annual |
| --- | --- | --- | --- | --- | --- |
| 1987 | - | 1.00* | -1.07 | 6.14 | 6.05** |
| 1988 | 4.10 | 1.27 | 1.63 | 0.67 | 7.86 |
| 1989 | 1.45 | 4.72 | 1.27 | 3.21 | 11.04 |
| 1990 | 0.32 | 4.02 | 1.44 | 4.83 | 10.97 |
| 1991 | 2.54 | 1.05 | 4.73 | 4.01 | 12.87 |
| 1992 | -0.77 | 3.50 | 2.13 | 0.52 | 5.43 |
| 1993 | 2.77 | 1.90 | 1.26 | 1.23 | 7.34 |
| 1994 | 0.19 | -0.02 | 1.07 | 0.51 | 1.77 |
| 1995 | 2.85 | 3.26 | 1.98 | 2.95 | 11.50 |
| 1996 | 0.42 | 0.66 | 1.69 | 2.14 | 4.99 |
| 1997 | 0.00 | 3.00 | 3.04 | 1.95 | 8.19 |
| 1998 | 1.39 | 1.70 | 2.34 | 0.94 | 6.52 |
| 1999 | 0.00 | 0.04 | 0.85 | 0.47 | 1.37 |
| 2000 | 1.53 | 1.72 | 2.19 | 3.42 | 9.15 |
| 2001 | 2.63 | 1.59 | 3.17 | 0.91 | 8.56 |
| 2002 | 0.72 | 2.33 | 1.87 | 0.77 | 5.79 |
| 2003 | 0.53 | 0.23 | 0.00 | 0.42 | 1.19 |
| 2004 | 1.52 | -0.58 | 1.87 | 0.52 | 3.35 |
| 2005 | 0.13 | 1.97 | -0.17 | 0.55 | 2.49 |
| 2006 | 0.09 | 0.43 | 2.33 | 1.26 | 4.13 |
| 2007 | 1.67 | 0.12 | 2.43 | 2.55 | 6.92 |
| 2008 | 3.05 | -0.17 | 0.99 | 1.19 | 5.13 |
| 2009 | 2.12 | 1.78 | 2.51 | 1.17 | 7.78 |
| 2010 | 1.26 | 1.10 | 1.50 | 0.96 | 4.91 |
| 2011 | 0.74 | 1.50 | 0.43 | 0.03 | 2.72 |
| 2012 | 0.99 | 0.73 | 0.85 | 0.07 | 2.67 |
| 2013 | -0.27 | -1.48 | -0.35 | 0.01 | -2.08 |
| 2014 | 0.63 | 0.35 | 0.60 | 0.62 | 2.22 |
| 2015 | 0.78 | -0.08 | 0.50 | 0.21 | 1.42 |
| 2016 | 0.99 | 0.72 | 0.18 | -1.19 | 0.69 |
| 2017 | 0.32 | 0.45 | 0.21 | 0.35 | 1.33 |
| 2018 | -0.25 | 0.30 | 0.42 | 1.31 | 1.77 |
| 2019 | 1.25 | 1.30 | 0.74 | 0.00 | 3.34 |
| 2020 | 3.13 | 0.44 | 0.22 | -0.18 | 3.62 |
| 2021 | -0.04 | 0.25 | -0.43 | -0.74 | -0.96 |
| 2022 | -1.25 | -0.44 | -2.98 | 0.16 | -4.45 |

*Return is from 6/2/87 through 6/30/87.

** Return is from 6/2/87 - 12/31/87.

Please refer to the disclosures on the reverse side.

![SIT Investment Associates logo]() **Sit Investment Associates**

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# DISCLOSURE PAGE

## General Disclosure

Investors should consider the investment objectives, risks, and charges and expenses of the investment company carefully before investing. The Fund's prospectus contains this and other information about the Fund. Read the prospectus carefully before investing. A prospectus may be obtained at www.sitfunds.com or 800-332-5580, and should be read carefully before investing.

## Performance Disclosure

Performance data quoted represents past performance of the Fund's Class S shares. Sit U.S. Government Securities Fund Class Y shares were first issued on January 1, 2020, and have a lower management fee and higher initial investment requirement than the Class S shares. Class Y shares returns will differ from Class S shares.

Performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Returns include changes in share price as well as reinvestment of all dividend and capital gains. Returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Management fees and administrative expenses are included in the Fund's performance. Returns for periods greater than one year are compounded average annual rates or return. Performance data current to the most recent month-end can be obtained at www.sitfunds.com or 800-332-5580.

Investments in debt securities typically decrease in value when interest rates rise. The risk is usually greater for longer-term debt securities.

Mortgage-backed securities involve risk of loss due to prepayment and defaults.

Sit U.S. Government Securities  
Standardized Performance  
as of December 31, 2022

#### Annualized Returns

|  | 1 Year | 5 Year | 10 Year |
| --- | --- | --- | --- |
| S Class | -4.45% | 0.62% | 0.66% |
| Y Class | -4.33% | N/A | N/A |

---

 Sit Investment Associates

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