SIT Mutual Funds Inc.
11/21/2025 | Press release | Distributed by Public on 11/21/2025 07:24
Fidelity Bond Filing (Form 40-17G)
November 21, 2025
United States Securities and Exchange Commission
100 F Street N.E.
Washington, DC 20549
| RE: | Rule 17g-1 Fidelity Bond Filing |
Sit Mutual Funds (the "Funds")
File Nos. 811-03343, 811-03342, 811-04995, 811-06373, 811-04033
Ladies and Gentlemen:
On behalf of the Sit Mutual Funds referenced above, enclosed herewith for filing pursuant to Rule 17g-1(g) under the Investment Company Act of 1940, are the following documents:
| 1. | A copy of the resolutions approving the current fidelity bond, which were adopted by the Board, including a majority of the board members thereof who are not "interested persons" (as defined in the Investment Company Act of 1940) of the Fund. |
| 2. | A copy of the Fidelity Bond Agreement between the insured parties: Sit Mutual Funds and SIA Securities Corp. |
| 3. | A copy of the current fidelity bond (the "Bond") issued by Great American Insurance Group for Sit Mutual Funds. |
The premiums for the Bond have been paid for the period from November 1, 2025 to November 1, 2026 and the Bond is written for a $15,000,000 limit of liability.
The amount of a single insured bond which would have been provided had the registered management investment company not been named as an insured under a joint insured bond is as follows:
| Registered Investment Company | Minimum Bond Amount as per 17g-1(d) | |
| Sit Mid Cap Growth Fund, Inc. | $600,000 | |
| Sit Large Cap Growth Fund, Inc. | $750,000 | |
| Sit U.S. Government Securities Fund, Inc. | $600,000 | |
| Sit Mutual Funds, Inc.: | ||
| Sit International Growth Fund | $300,000 | |
| Sit Balanced Fund | $400,000 | |
| Sit Developing Markets Growth Fund | $200,000 | |
| Sit Small Cap Growth Fund | $525,000 | |
| Sit Dividend Growth Fund | $600,000 | |
| Sit Global Dividend Growth Fund | $400,000 | |
| Sit Small Cap Dividend Growth Fund | $350,000 | |
| Sit ESG Growth Fund | $200,000 | |
| Sit Mutual Funds II, Inc.: | ||
| Sit Tax-Free Income Fund | $525,000 | |
| Sit Minnesota Tax-Free Income Fund | $750,000 | |
| Sit Quality Income Fund | $525,000 | |
| Total Minimum Bond Required | $6,725,000 | |
Please contact the undersigned at 612-359-2558 if you have any questions regarding this filing.
Very truly yours,
Kelly Boston
Staff Attorney
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