Taxes

• Charitable Giving
  Sit Investment Associates integrates our DEI work with community-minded charitable giving and volunteer initiatives. The Sit Investment Associates Foundation was organized in 1981 to aid charitable and educational organizations at the community level. The foundation also supports the charitable activities of firm employees with financial grants. Employees submit donation requests for consideration to the Foundation for specific charitable organizations. Since its inception, the Foundation has contributed over $27 million to various philanthropic and community organizations.
• Income Tax
  Net returns were calculated on a time-weighted total return basis, including reinvestment of all dividends, interest, and accrued income as well as realized and unrealized gains or losses.  Returns for periods greater than one year are annualized.  Net of fees performance is presented net of the highest investment advisory fee on a quarterly basis, brokerage commissions and execution costs, but does not reflect deduction for custodial fees or the impact of income taxes.  The highest investment advisory fees are: Large Cap Growth of 1.00%;  Large Cap Growth (Russell 1000 Growth) of 0.75% for the period 9/30/04 through 9/30/2010 and 1.00% thereafter; Mid Cap Growth of  1.25%; Small Cap Growth of 1.50%; ESG Growth of 1.25% for the period 10/1/16 through 9/30/17 and 1.00%, thereafter; Dividend Growth 1.00% for the period 9/30/04 through 9/30/17 and 0.75%, thereafter;  Global Dividend Growth of 0.80% for the period 9/30/04 through 12/31/08, 1.25% for the period 1/1/09 through 09/30/17, and 1.00%, thereafter;  Small Cap Dividend Growth of 1.25% for the period 4/1/15 through 9/30/17 and 1.00%, thereafter;  International Growth of 0.80% for the period 9/30/04 through 12/31/13, 1.50% for the period 1/1/14 through 12/31/21, and 0.85%, thereafter; Developing Markets Growth of 2.00% for the period 9/30/04 through 9/30/17, 1.40% for the period 10/1/17 through 12/31/21, and 0.95% thereafter; and Pacific Basin of 0.90%; 0.40% for all fixed income strategies, and, in addition for Taxable Return Plus, Composite, Municipal Return Plus and Targeted Opportunity strategies, the fee includes a performance fee equal to a certain percentage of the account’s net return in excess of 100 basis points over the applicable benchmark.  Actual fees may vary depending on, among other things, the applicable fee schedule and portfolio size.  Advisory fees are described in Form ADV part 2.

Investment

• Investment Management
  Sit does not disclose any nonpublic personal information about its clients or former clients to anyone outside Sit’s organization except as necessary to provide services to its clients as permitted by law. For example, we may disclose nonpublic personal information about a client to a non-affiliated company assisting Sit in servicing client accounts such as providing a portfolio management system and transfer agent services. To safeguard its client’s personal information, Sit insists that its service providers limit access to personal information to authorized employees and agents and maintain appropriate safeguards.
• Mutual Funds
  Sit Investment Associates, Inc., its subsidiaries, and the Sit Mutual Funds (“Sit”) take their clients’ personal privacy seriously. In order to provide financial products and services, Sit may collect nonpublic personal information about its clients from the following sources...

Planning

• Retirement Planning
  Our team works closely with institutional investors, consultants and financial advisors.  Among our institutional clients, we serve corporate, government and Taft-Hartley pension plans, foundations and endowments, insurance companies and high net worth families.  We also offer private investment funds and collective investment trust products.  Throughout all of our client relationships, we emphasize results and quality communications – providing access to our portfolio managers and analysts.
• Asset Management
  Founded in 1981, Sit Investment Associates is a privately held, multi-billion-dollar asset management firm that provides focused investment management expertise, competitive long-term results, and unparalleled service to our clients.