NBNGX: Sit Mid Cap Growth

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NBNGX Sit Mid Cap Growth


Profile

NBNGX - Profile

Vitals

  • YTD Return 12.7%
  • 3 Yr Annualized Return 4.4%
  • 5 Yr Annualized Return 0.4%
  • Net Assets $184 M
  • Holdings in Top 10 23.6%

52 WEEK LOW AND HIGH

$20.66
$12.90
$20.75

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.25%

SALES FEES

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

BROKERAGE FEES

  • Turnover 27.70%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return 12.7%
  • 3 Yr Annualized Total Return 10.0%
  • 5 Yr Annualized Total Return 7.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.16%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    SIT Mid Cap Growth Fund
  • Fund Family Name
    Sit
  • Inception Date
    Sep 02, 1982
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Robert Sit

Fund Description

The fund normally invests 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 Adviser invests in domestic growth-oriented medium to small companies the advisor believes exhibit the potential for superior growth.


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Categories

Performance

NBNGX - Performance

Return Ranking - Trailing

Period NBNGX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.7% -20.4% 1958.8% 51.53%
1 Yr 10.8% -66.6% 2062.5% 54.00%
3 Yr 4.4%* -44.8% 184.3% 57.68%
5 Yr 0.4%* -32.4% 21.3% 68.99%
10 Yr 5.0%* -16.8% 19.5% 61.11%

* Annualized

Return Ranking - Calendar

Period NBNGX Return Category Return Low Category Return High Rank in Category (%)
2019 21.1% -50.2% 44.9% 69.07%
2018 -17.5% -51.7% 5.6% 60.00%
2017 14.2% -21.1% 34.8% 58.78%
2016 2.1% -61.7% 40.3% 41.94%
2015 -17.5% -54.0% 12.2% 91.94%

Total Return Ranking - Trailing

Period NBNGX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.7% -20.4% 1958.8% 51.53%
1 Yr 10.8% -66.6% 2062.5% 54.00%
3 Yr 10.0%* -40.5% 184.3% 45.28%
5 Yr 7.3%* -25.4% 23.2% 51.69%
10 Yr 10.8%* -9.7% 19.6% 50.00%

* Annualized

Total Return Ranking - Calendar

Period NBNGX Return Category Return Low Category Return High Rank in Category (%)
2019 21.1% -50.2% 44.9% 69.07%
2018 -7.4% -51.7% 12.2% 35.38%
2017 19.0% -7.0% 39.4% 75.71%
2016 3.1% -61.7% 40.3% 56.95%
2015 -2.5% -54.0% 12.2% 59.22%

NAV & Total Return History


Holdings

NBNGX - Holdings

Concentration Analysis

NBNGX Category Low Category High NBNGX % Rank
Net Assets 184 M 867 K 34.1 B 77.90%
Number of Holdings 74 16 2543 56.15%
Net Assets in Top 10 40.8 M 185 K 7.15 B 77.01%
Weighting of Top 10 23.61% 6.9% 96.0% 53.83%

Top 10 Holdings

  1. DexCom Inc 3.06%
  2. Autodesk Inc 2.48%
  3. Splunk Inc 2.40%
  4. Atlassian Corporation PLC A 2.39%
  5. Teladoc Health Inc 2.37%
  6. YETI Holdings Inc 2.26%
  7. Thermo Fisher Scientific Inc 2.21%
  8. Arista Networks Inc 2.17%
  9. Booz Allen Hamilton Holding Corp Class A 2.17%
  10. Waste Connections Inc 2.11%

Asset Allocation

Weighting Return Low Return High NBNGX % Rank
Stocks
94.79% 90.86% 117.39% 93.40%
Cash
5.21% -22.20% 14.02% 5.53%
Preferred Stocks
0.00% 0.00% 0.70% 24.24%
Other
0.00% -13.15% 4.82% 30.66%
Convertible Bonds
0.00% 0.00% 0.14% 19.96%
Bonds
0.00% 0.00% 4.49% 22.10%

Stock Sector Breakdown

Weighting Return Low Return High NBNGX % Rank
Technology
36.50% 0.00% 58.99% 14.80%
Healthcare
19.50% 0.00% 40.78% 62.57%
Industrials
17.87% 0.00% 35.59% 14.80%
Financial Services
8.61% 0.00% 38.56% 25.67%
Consumer Cyclical
8.15% 0.24% 58.93% 89.66%
Consumer Defense
3.46% 0.00% 16.47% 40.82%
Basic Materials
3.37% 0.00% 18.77% 13.19%
Utilities
1.49% 0.00% 6.22% 12.83%
Communication Services
1.05% 0.00% 26.42% 87.34%
Real Estate
0.00% 0.00% 17.76% 91.62%
Energy
0.00% 0.00% 34.63% 51.69%

Stock Geographic Breakdown

Weighting Return Low Return High NBNGX % Rank
US
90.30% 80.29% 107.56% 77.36%
Non US
4.49% 0.00% 17.06% 48.13%

Expenses

NBNGX - Expenses

Operational Fees

NBNGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.25% 0.05% 27.43% 41.65%
Management Fee 1.25% 0.00% 1.50% 99.46%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

NBNGX 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

NBNGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 15.38%

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 27.70% 1.93% 385.00% 29.50%

Distributions

NBNGX - Distributions

Dividend Yield Analysis

NBNGX Category Low Category High NBNGX % Rank
Dividend Yield 0.00% 0.00% 38.32% 21.57%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

NBNGX Category Low Category High NBNGX % Rank
Net Income Ratio -0.16% -2.56% 1.52% 36.64%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

NBNGX - Fund Manager Analysis

Managers

Robert Sit


Start Date

Tenure

Tenure Rank

Dec 31, 1997

22.6

22.6%

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

16.76

16.8%

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

12.1

12.1%

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
0.08 33.6 8.25 3.42