# EDGAR Filing Document

**Accession Number:** 0000746601
**File Stem:** 0000769317-23-000028
**Filing Date:** 2023-2
**Character Count:** 14511
**Document Hash:** d8992560e91af313990536bd5a1731a1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000769317-23-000028.hdr.sgml**: 20230209

**ACCESSION NUMBER**: 0000769317-23-000028

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

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230209

**DATE AS OF CHANGE**: 20230209

**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:** 23604695

**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:** 23604698

**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:** 23604697

**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:** 23604699

**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:** 23604696

**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:** `Grid12-31-2022.pdf`

# SIT MUTUAL FUNDS BOND FUNDS

![img-0.jpeg](img-0.jpeg)

800-332-5580 www.sitfunds.com

|  | U.S. Government Securities Fund (1) |  | Quality Income Fund (1) |  | Tax-Free Income Fund (1) |  | Minnesota Tax-Free Income Fund |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  | Class S | Class Y | Class S | Class Y | Class S | Class Y |  |
| Investment Objectives | High current income and safety of principal |  | High current income and safety of principal |  | Current income exempt from federal tax |  | Current income exempt from federal and Minnesota tax |
| Minimum/Additional Investment Regular Account | $5,000/$100 | $1,000,000/$100 | $5,000/$100 | $1,000,000/$100 | $5,000/$100 | $1,000,000/$100 | $5,000/$100 |
| Minimum/Additional Investment Retirement Account | $2,000/$100 | $2,000/$100 | $2,000/$100 | $2,000/$100 | $2,000/$100 | $2,000/$100 | $2,000/$100 |
| Primary Investment Vehicles and Parameters | 100% of assets invested in U.S. government securities including pass-through securities, U.S. Treasury securities and CMOs |  | At least 80% of assets in debt securities issued by the U.S. Government and its agencies, debt securities issued by corporations, mortgage and other asset-backed securities. |  | At least 80% of net assets invested in municipal securities whose income is exempt from federal income tax; primarily invested in securities rated investment-grade at the time of purchase |  | At least 80% of net assets invested in municipal securities whose income is exempt from federal and MN income tax; primarily invested in securities rated investment-grade at time of purchase |
| Dividend Policy | Monthly (if any) automatically reinvested, may request cash distribution |  | Monthly (if any) automatically reinvested, may request cash distribution |  | Monthly (if any) automatically reinvested, may request cash distribution |  | Monthly (if any) automatically reinvested, may request cash distribution |
| Gross Expense Ratios (2) | 0.80% | 0.55% | 0.90% (3) | 0.65% (3) | 0.88% (4) | 0.63% (4) | 0.81% (4) |
| Net Expense Ratios (2) | 0.80% | 0.55% | 0.80% (3) | 0.55% (3) | 0.88% (4) | 0.63% (4) | 0.81% (4) |
| Total Assets as of 12/31/2022 | $276.6 Million | $113.0 Million | $43.2 Million | $101.8 Million | $128.7 Million | $118.8 Million | $466.2 Million |
| Inception Date | 6/2/87 | 12/31/19 | 12/31/12 | 3/30/22 | 9/29/88 | 6/1/21 | 12/1/93 |
| NASDAQ Symbols | SNGVX | SNGYX | SQIFX | SQIX | SNTIX | SNTYX | SMTFX |
| CUSIP Numbers | 829800101 | 82980B107 | 82979K506 | 82980B305 | 829799105 | 82980B206 | 82979K100 |

(1)Please refer to your prospectus for details on the U.S. Government Securities Fund, Quality Income Fund & Tax-Free Income Fund share classes. (2)Expense ratios are as stated in the prospectus dated August 1, 2022. (3)Sit Investment Associates, Inc. (the 'Adviser') has agreed to a management fee waiver through March 31, 2024. Until such date, the waiver cannot be terminated without approval by the Fund's Board of Directors. After March 31, 2024, the Adviser may elect to extend, modify or terminate the fee waiver. (4)Expense ratios include Acquired Fund Fees and Expenses which represent fees and expenses incurred indirectly by the Fund as a result of its investment in shares of investment companies.

The Sit Mutual Funds are offered by prospectus only and sold only to persons residing in the United States. This information sheet does not constitute an offer to sell or a solicitation of an offer to buy shares of any Sit Mutual Fund. Carefully consider the investment objectives, risks, and charges and expenses of the Fund before investing. The prospectus contains this and other information about the Fund. You may receive a prospectus at www.sitfunds.com or by requesting a prospectus at 1-800-332-5580. Please read the prospectus carefully before investing.

# SIT MUTUAL FUNDS EQUITY FUNDS

Sit Mutual Funds

800-332-5580

www.sitfunds.com

|  | Balanced Fund | Dividend Growth Fund (1) |  | Global Dividend Growth Fund (1) |  | Small Cap Dividend Growth Fund (1) |  | ESG Growth Fund (1) |  | Large Cap Growth Fund | Mid Cap Growth Fund | International Growth Fund | Small Cap Growth Fund | Developing Markets Growth Fund |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  | Class I | Class S | Class I | Class S | Class I | Class S | Class I | Class S |  |  |  |  |  |
| Investment Objectives | Long-term capital appreciation, preserve principal and provide income | Provide current income that exceeds the dividend yield of the S&P 500 ® Index; Long-term capital appreciation |  | Provide current income that exceeds the dividend yield of MSCI World Index; Long-term capital appreciation |  | Provide current income that exceeds the dividend yield of the Russell 2000 ® Index; Long-term capital appreciation |  | Maximization of long-term capital appreciation |  | Maximization of long-term capital appreciation | Maximization of long-term capital appreciation | Long-term growth | Maximization of long-term capital appreciation | Maximization of long-term capital appreciation |
| Minimum Inv. Regular Acct. | $5,000 | $100,000 | $5,000 | $100,000 | $5,000 | $100,000 | $5,000 | $100,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 |
| Minimum Inv. Retirement Acct. | $2,000 | $100,000 | $2,000 | $100,000 | $2,000 | $100,000 | $2,000 | $100,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 |
| Primary Investment Vehicles and Parameters | Between 35% and 65% of net assets in common stocks; between 35% and 65% of net assets in fixed-income securities | At least 80% of net assets in dividend-paying common stocks; the Fund may invest the balance in preferred stocks, convertible bonds, and U.S. Treasury securities |  | At least 80% of net assets in dividend-paying common stocks issued by U.S. and foreign companies; the Fund may invest the balance in preferred stocks, convertible bonds, and U.S. Treasury securities |  | At least 80% of net assets in dividend-paying common stocks of growth companies with market caps of up to $3 billion or up to the market cap of the largest company in the Russell 2000 ® Index measured at the end of the previous 12 months; the Fund may invest the balance in preferred stocks, convertible bonds, and U.S. Treasury securities |  | At least 80% of its net assets in common stock of U.S. and foreign companies that have strong environmental, social and corporate governance (ESG) practices at the time of purchase. The Fund invests primarily in companies of large to medium capitalizations (companies with market capitalization in excess of $2 billion). |  | At least 80% of net assets in common stocks of growth companies with market caps of $5 billion or more at the time of purchase | At least 80% of net assets in common stocks of growth companies with market caps of $2 billion to $15 billion at the time of purchase | At least 90% of net assets in common stocks of companies outside the U.S.; up to 50% in small- to mid-sized emerging growth companies in developed and developing markets | At least 80% of net assets in common stocks of growth companies with market caps of up to $3 billion or up to the market cap of the largest company in the Russell 2000 ® Index measured at the end of the previous 12 months | At least 80% of net assets in common stocks of companies domiciled or operating in developing markets |
| Dividend Policy | Quarterly (if any) automatically reinvested, may request cash distribution |  |  |  |  |  |  | Annually (if any) automatically reinvested, may request cash distribution |  |  |  |  |  |  |
| Gross Expense Ratios (2) | 1.03% (3)(5) | 1.00% (3) | 1.25% (3)(4)(5) | 1.25% (3) | 1.50% (3)(4)(5) | 1.35% (3) | 1.60% (3)(4)(5) | 1.25% (3) | 1.50% (3)(4)(5) | 1.00% | 1.25% | 1.51% (3)(5) | 1.50% | 2.03% (3)(5) |
| Net Expense Ratios (2) | 0.83% (3)(5) | 0.70% (3) | 0.95% (3)(4)(5) | 1.00% (3) | 1.25% (3)(4)(5) | 1.00% (3) | 1.25% (3)(4)(5) | 1.00% (3) | 1.25% (3)(4)(5) | 1.00% | 1.25% | 0.86% (3)(5) | 1.50% | 0.98% (3)(5) |
| Total Assets as of 12/31/2022 | $43.9 Million | $196.3 M | $22.0 M | $38.6 M | $3.4 M | $14.8 M | $4.7 M | $3.8 M | $3.8 M | $132.1 Million | $170.1 Million | $23.1 Million | $98.9 Million | $9.3 Million |
| Inception Date | 12/31/93 | 12/31/03 | 3/31/06 | 9/30/08 | 9/30/08 | 3/31/15 | 3/31/15 | 6/30/16 | 6/30/16 | 9/2/82 | 9/2/82 | 11/1/91 | 7/1/94 | 7/1/94 |
| NASDAQ Symbols | SIBAX | SDVGX | SDVSX | GDGIX | GDGSX | SSCDX | SDFSX | IESGX | SESGX | SNIGX | NBNGX | SNGRX | SSMGX | SDMGX |
| CUSIP Numbers | 82980D202 | 82980D707 | 82980D806 | 82980D889 | 82980D871 | 82980D863 | 82980D855 | 82980D848 | 82980D830 | 829797109 | 829796101 | 82980D103 | 82980D301 | 82980D400 |

(1)Please refer to your prospectuses for details on the Dividend Growth Fund, Global Dividend Growth Fund, Small Cap Dividend Growth Fund, and ESG Growth Fund share classes. (2)Expense ratios are as stated in the prospectus dated November 1, 2022. (3)Sit Investment Associates, Inc. (the "Adviser") has agreed to a management fee waiver through June 30, 2024. Until such date, the waiver cannot be terminated without approval by the Fund's Board of Directors. After June 30, 2024, the Adviser may elect to extend, modify or terminate the fee waiver. (4)Includes a 25 basis point 12b-1 fee. (5)Expense ratios include Acquired Fund Fees and Expenses which represent fees and expenses incurred indirectly by the Fund as a result of its investment in shares of investment companies. Please see reverse side for additional information about the Funds.