About SDMGX
Sit Developing Markets Growth Fund is a mutual fund focused on delivering long-term capital appreciation by investing primarily in the common stocks of companies based in developing, or emerging, markets. At least 80% of its net assets are allocated to these securities under normal market conditions, providing exposure to economies exhibiting strong growth potential and dynamic economic trends. The fund utilizes a diversified strategy, selecting investments across small, medium, and large-cap companies and targeting regions that present favorable economic indicators, such as positive fiscal and monetary policies, robust earnings outlooks, and promising market sentiment. Its investment approach incorporates analysis of various industries and sectors within emerging markets, identifying growth-oriented companies poised for expansion. Managed by Sit Investment Associates, Inc., an employee-owned investment firm established in 1981, the fund leverages extensive expertise in international markets. The Sit Developing Markets Growth Fund serves investors seeking diversified access to the growth opportunities present in developing economies, while also assuming the inherent risks associated with emerging markets such as political, currency, and market volatility.
Fund Family Sit
Category Diversified Emerging Mkts
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol SDMGX
Index MSCI EM (Emerging Markets) CR USD
SDMGX had a total return of 35.84% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.54%.
