Sit Dividend Growth Fund Class I
SDVGX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 3300 Ids Ctr, 80 South 8th St Minneapolis MN United States of America 55402-4130
- IPO Date
- Jan 5, 2004
- CIK
- 0000877880
- Website
- sitfunds.com
- Similar Companies
- Business
- Sit Dividend Growth Fund Class I (SDVGX) is an open-end mutual fund that primarily seeks current income exceeding the dividend yield of the S&P 500 Index, with secondary long-term capital appreciation, by investing at least 80% of its net assets in dividend-paying common stocks of growth-oriented companies exhibiting potential for earnings growth and increasing dividends. The Fund targets large- to mid-cap companies (generally over $2 billion market capitalization) with records of dividend payments, strong cash flow prospects, unique products or services, growing market share, experienced management, and robust financial condition; up to 20% of assets may be allocated to foreign securities, preferred stocks, convertible bonds, U.S. Treasury securities, or closed-end investment companies. Class I shares (SDVGX), with a $100,000 minimum investment, carry a net expense ratio of 0.70% following a contractual management fee waiver of 0.30% through June 30, 2026, while the related Class S shares (SDVSX) have a $5,000 minimum and 0.95% net expense ratio; portfolio turnover was 48.72% in the most recent fiscal year. Managed by a team at Sit Investment Associates, Inc., the Fund's primary portfolio managers are Roger J. Sit, Chairman and Chief Investment Officer since inception, and Kent L. Johnson, Vice President of Investments since inception, within a firm founded in 1981 and headquartered in Minneapolis, Minnesota, that oversees approximately $16.6 billion in assets focused exclusively on investment management for institutional and individual clients. The Fund, with Class I inception on December 31, 2003, operates within the large blend equity category, emphasizing lower volatility relative to the S&P 500 through diversified dividend payers blending growth and value traits, and is available to U.S. investors via broker-dealers or direct purchase with a 2% redemption fee on shares held under 30 days. Recent developments include an updated summary prospectus dated November 1, 2025, reflecting year-to-date Class I returns of 15.26% as of September 30, 2025, and average annual returns through December 31, 2024, of 18.28% (1-year), 11.78% (5-year), and 10.91% (10-year) before taxes; Class I assets stood at $213.4 million as of the latest reporting. Sit Investment Associates extended its fee waiver structure as of March 1, 2025, across related funds including enhancements for the Sit Small Cap Dividend Growth Fund, and in September 2024 strategically increased its stake in Putnam Premier Income Trust by acquiring 1,138,295 shares to bolster fixed income exposure. The adviser continues to prioritize portfolio diversification amid market uncertainty, with no reported acquisitions, mergers, or major strategic shifts specific to SDVGX in the past 1-2 years.