Sit Mutual Funds Logo Stacked

Portfolio Management Team

Global Equity

2022 – Present Sit Investment Associates, Inc.
2016 – 2021 U.S. Bancorp Asset Mgmt.
2015 – 2016 Water Tower Capital
2014 – 2015 CliftonLarsonAllen
2012 – 2013 Ziegler Capital Management
2004 – 2011 The Travelers Companies
1995 – 2004 Thrivent Financial
1994 – 1995 Conseco Capital Management

J. L. Kellogg Graduate School of Management, Northwestern University, M.B.A. (2001)
University of Wisconsin, M.S. (1989)
University of Wisconsin, B.B.A. (1985)

Michael R. Hilt, CFA

Vice President – Senior Taxable Credit Analyst
Sit Fixed Income

Michael Hilt is a vice president with Sit Fixed Income and is focused on analysis and management of corporate bond investments in the firm’s separately-managed accounts, private investment funds, and mutual funds. Prior to joining Sit Investment Associates in 2022, Mike was a senior corporate bond analyst at U.S. Bancorp Asset Management for over five years. His background includes serving as a portfolio manager for an alternative income fund at Ziegler Capital Management, a credit analyst at Travelers Companies, an analyst, portfolio manager and trader for ABS, convertible securities and corporate bonds at Thrivent Financial, and a fixed income analyst, co-manager and portfolio analytics team leader at Conseco Capital Management. Prior to that Mike was the head of fixed income quantitative analysis, including MBS, derivatives, portfolio analysis and risk management at PPM America. Mike earned an M.B.A. degree from the Kellogg Graduate School of Business, Northwestern University in 2001.  He received an M.S. degree in statistics in 1989 and a B.B.A. degree in finance in 1985 from the University of Wisconsin – Madison.  Mike is a CFA charter holder and an active volunteer with the CFA Society of Minnesota.

Carefully consider the Fund’s investment objectives, risks, charges and expenses before investing. The prospectus contains this and other important Fund information and may be obtained by calling Sit Mutual Funds at 1-800-332-5580 or by downloading them from the Documents page. Read the prospectus carefully before investing. Investment return and principal value of an investment will fluctuate so that an investor’s shares when redeemed may be worth more or less than their original cost.

The content herein is for informational purposes only without regard to any particular user’s investment objectives, risk tolerances or financial situation and does not constitute investment advice, nor should it be considered a solicitation or offering to sell securities or an interest in any fund.

Opinions and statements of financial market trends that are based on current market conditions constitute our judgment and are subject to change without notice. We believe the information provided here is reliable but should not be assumed to be accurate or complete. The views and strategies described may not be suitable for all investors, and readers should not rely on this publication as their sole source of investment information.

©2025 Sit Investment Associates. All Rights Reserved.

the Sit family chop