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SIT MID CAP GROWTH FUND INC
mutual fund
NBNGX
Payout Change
Pending
Price as of:
$25.66
-0.15
-0.58%
primary theme
U.S. Mid-Cap Growth Equity
share class
NBNGX (Mutual Fund)
SIT MID CAP GROWTH FUND INC
Payout Change
Pending
Price as of:
$25.66
-0.15
-0.58%
primary theme
U.S. Mid-Cap Growth Equity
share class
NBNGX (Mutual Fund)
SIT MID CAP GROWTH FUND INC
Payout Change
Pending
Price as of:
$25.66
-0.15
-0.58%
primary theme
U.S. Mid-Cap Growth Equity
share class
Name
As of 12/12/2024Price
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
Vitals
YTD Return
19.0%
1 yr return
22.7%
3 Yr Avg Return
4.3%
5 Yr Avg Return
11.7%
Net Assets
$220 M
Holdings in Top 10
31.9%
52 WEEK LOW AND HIGH
$25.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.25%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 19.54%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$5,000
IRA
$2,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/12/2024Price
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
NBNGX - Profile
Distributions
- YTD Total Return 19.0%
- 3 Yr Annualized Total Return 4.3%
- 5 Yr Annualized Total Return 11.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.46%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameSIT MID CAP GROWTH FUND INC
-
Fund Family NameSIT Mutual Funds
-
Inception DateJan 03, 1994
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRobert 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 that, at the time of purchase, have market capitalizations that fall within the range of companies included in the Russell Midcap® Growth Index during the most recent 12‑month period. The Russell Midcap® Growth Index ranged from approximately $814 million to $83 billion during the 12‑month period ended September 30, 2024.
Sit Investment Associates, Inc. (the “Adviser”) invests in domestic growth-oriented medium to small 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, |
| › | dominant and growing market share, |
| › | management experience and capabilities, and |
| › | strong financial condition. |
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.
When selling equity securities for the Fund, the Adviser considers several factors, including changes in a company’s fundamentals and anticipated earnings.
NBNGX - Performance
Return Ranking - Trailing
| Period | NBNGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 19.0% | 4.4% | 113.0% | 57.67% |
| 1 Yr | 22.7% | 9.9% | 118.3% | 56.31% |
| 3 Yr | 4.3%* | -14.1% | 62.2% | 31.18% |
| 5 Yr | 11.7%* | -2.1% | 104.0% | 36.33% |
| 10 Yr | 9.7%* | 3.1% | 26.0% | 83.75% |
* Annualized
Return Ranking - Calendar
| Period | NBNGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 21.4% | -27.7% | 68.0% | 37.35% |
| 2022 | -26.3% | -85.6% | 52.8% | 23.68% |
| 2021 | 2.9% | -74.9% | 238.3% | 37.30% |
| 2020 | 27.7% | -44.1% | 2474.5% | 48.54% |
| 2019 | 21.1% | -50.2% | 44.0% | 73.76% |
Total Return Ranking - Trailing
| Period | NBNGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 19.0% | 4.4% | 113.0% | 57.67% |
| 1 Yr | 22.7% | 9.9% | 118.3% | 56.31% |
| 3 Yr | 4.3%* | -14.1% | 62.2% | 31.18% |
| 5 Yr | 11.7%* | -2.1% | 104.0% | 36.33% |
| 10 Yr | 9.7%* | 3.1% | 26.0% | 83.75% |
* Annualized
Total Return Ranking - Calendar
| Period | NBNGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 22.0% | -26.1% | 68.0% | 39.88% |
| 2022 | -23.9% | -67.0% | 56.8% | 24.66% |
| 2021 | 16.1% | -23.5% | 342.2% | 32.26% |
| 2020 | 33.1% | 2.6% | 2549.1% | 60.00% |
| 2019 | 30.2% | 14.6% | 44.8% | 78.28% |
NAV & Total Return History
NBNGX - Holdings
Concentration Analysis
| NBNGX | Category Low | Category High | NBNGX % Rank | |
|---|---|---|---|---|
| Net Assets | 220 M | 2.73 M | 100 B | 79.46% |
| Number of Holdings | 73 | 24 | 3569 | 58.53% |
| Net Assets in Top 10 | 66.6 M | 670 K | 11.3 B | 77.91% |
| Weighting of Top 10 | 31.89% | 4.5% | 97.8% | 32.56% |
Top 10 Holdings
- Broadcom Inc 6.68%
- Arista Networks Inc 6.45%
- PTC Inc 2.82%
- TJX Cos Inc/The 2.62%
- Monolithic Power Systems Inc 2.39%
- Applied Materials Inc 2.36%
- Ameriprise Financial Inc 2.25%
- Carlisle Cos Inc 2.17%
- Booz Allen Hamilton Holding Corp 2.15%
- Dover Corp 2.01%
Asset Allocation
| Weighting | Return Low | Return High | NBNGX % Rank | |
|---|---|---|---|---|
| Stocks | 99.03% | 58.72% | 103.99% | 36.63% |
| Cash | 1.35% | 0.00% | 28.07% | 54.46% |
| Preferred Stocks | 0.00% | 0.00% | 6.15% | 35.47% |
| Other | 0.00% | -0.11% | 14.45% | 46.51% |
| Convertible Bonds | 0.00% | 0.00% | 0.40% | 26.94% |
| Bonds | 0.00% | 0.00% | 2.73% | 33.33% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | NBNGX % Rank | |
|---|---|---|---|---|
| Technology | 40.19% | 0.04% | 62.17% | 8.72% |
| Healthcare | 19.62% | 0.00% | 37.06% | 31.98% |
| Industrials | 17.40% | 0.00% | 38.23% | 28.88% |
| Financial Services | 8.67% | 0.00% | 43.01% | 37.98% |
| Consumer Cyclical | 6.38% | 0.00% | 57.41% | 92.83% |
| Consumer Defense | 2.98% | 0.00% | 16.40% | 33.14% |
| Communication Services | 2.40% | 0.00% | 18.33% | 59.69% |
| Basic Materials | 1.75% | 0.00% | 17.25% | 58.72% |
| Utilities | 0.61% | 0.00% | 12.94% | 19.19% |
| Real Estate | 0.00% | 0.00% | 19.28% | 87.60% |
| Energy | 0.00% | 0.00% | 62.10% | 71.90% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | NBNGX % Rank | |
|---|---|---|---|---|
| US | 99.03% | 46.79% | 103.99% | 30.62% |
| Non US | 0.00% | 0.00% | 34.12% | 43.41% |
NBNGX - Expenses
Operational Fees
| NBNGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.25% | 0.02% | 17.54% | 34.11% |
| Management Fee | 1.25% | 0.00% | 1.50% | 97.48% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.40% | N/A |
Sales Fees
| NBNGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| NBNGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 2.00% | 1.00% | 2.00% | 18.18% |
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.
| NBNGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 19.54% | 0.00% | 250.31% | 22.15% |
NBNGX - Distributions
Dividend Yield Analysis
| NBNGX | Category Low | Category High | NBNGX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 33.43% | 43.80% |
Dividend Distribution Analysis
| NBNGX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| NBNGX | Category Low | Category High | NBNGX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.46% | -2.24% | 2.75% | 37.99% |
Capital Gain Distribution Analysis
| NBNGX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 14, 2023 | $0.101 | CapitalGainLongTerm |
| Dec 15, 2022 | $0.546 | CapitalGainLongTerm |
| Oct 11, 2022 | $0.020 | OrdinaryDividend |
| Dec 16, 2021 | $2.959 | CapitalGainLongTerm |
| Dec 17, 2020 | $0.975 | CapitalGainLongTerm |
| Dec 19, 2019 | $1.377 | CapitalGainLongTerm |
| Dec 19, 2018 | $0.166 | CapitalGainShortTerm |
| Dec 19, 2018 | $1.711 | CapitalGainLongTerm |
| Dec 19, 2017 | $0.778 | CapitalGainLongTerm |
| Dec 19, 2017 | $0.001 | OrdinaryDividend |
| Dec 15, 2016 | $0.161 | CapitalGainLongTerm |
| Dec 17, 2015 | $0.026 | CapitalGainShortTerm |
| Dec 17, 2015 | $2.878 | CapitalGainLongTerm |
| Dec 18, 2014 | $2.711 | CapitalGainLongTerm |
| Dec 18, 2013 | $1.076 | CapitalGainLongTerm |
| Dec 19, 2012 | $0.367 | CapitalGainLongTerm |
| Dec 19, 2008 | $0.094 | CapitalGainLongTerm |
| Dec 18, 2007 | $0.497 | CapitalGainLongTerm |
| Dec 11, 2001 | $0.229 | CapitalGainLongTerm |
| Dec 08, 2000 | $4.067 | CapitalGainLongTerm |
| Dec 07, 1999 | $1.229 | CapitalGainLongTerm |
| Dec 08, 1998 | $2.541 | CapitalGainLongTerm |
| Dec 16, 1997 | $2.020 | CapitalGainLongTerm |
| Dec 12, 1996 | $1.452 | CapitalGainLongTerm |
| Dec 12, 1996 | $0.002 | OrdinaryDividend |
| Dec 31, 1993 | $0.018 | OrdinaryDividend |
| Dec 31, 1992 | $0.045 | OrdinaryDividend |
NBNGX - Fund Manager Analysis
Managers
Robert Sit
Start Date
Tenure
Tenure Rank
Dec 31, 1997
24.43
24.4%
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 31, 2003
18.59
18.6%
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
Jun 27, 2008
13.93
13.9%
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 |
|---|---|---|---|
| 0.04 | 36.3 | 9.42 | 11.76 |
