NPORT-P
    false
    
      
      
        
          0000877880
          XXXXXXXX
        
      
      
      
      
        S000054182
        C000170242
        C000170243
      
      
    
  
  
    
      SIT MUTUAL FUNDS INC
      811-06373
      0000877880
      254900G3NOOZ0B3T2Q46
      80 S. Eighth Street
      Suite 3300
      Minneapolis
      
      55402
      612-332-3223
      Sit ESG Growth Fund
      S000054182
      549300JBIL8MOQCSWI92
      2022-06-30
      2022-03-31
      N
    
    
      8811280.34
      8174.92
      8803105.42
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      1834.36000000
      N
      
        
          
          
        
        
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
      
    
    
      
        Baxter International Inc
        J5OIVXX3P24RJRW5CK77
        Baxter International Inc
        071813109
        
          
          
        
        1650.00000000
        NS
        USD
        127941.00000000
        1.453362125021
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Johnson & Johnson
        549300G0CFPGEF6X2043
        Johnson & Johnson
        478160104
        
          
          
        
        1175.00000000
        NS
        USD
        208245.25000000
        2.365588506152
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Ericsson
        549300W9JLPW15XIFM52
        Telefonaktiebolaget LM Ericsson
        294821608
        
          
          
        
        11175.00000000
        NS
        USD
        102139.50000000
        1.160266691433
        Long
        EC
        CORP
        SE
        N
        
        1
        
          N
          N
          N
        
      
      
        Astellas Pharma Inc
        529900IB708DY2HBBB35
        Astellas Pharma Inc
        000000000
        
          
          
          
        
        6400.00000000
        NS
        
        99999.33000000
        1.135955157060
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Chubb Ltd
        E0JAN6VLUDI1HITHT809
        Chubb Ltd
        000000000
        
          
          
          
        
        250.00000000
        NS
        USD
        53475.00000000
        0.607456090194
        Long
        EC
        CORP
        CH
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Alphabet Inc
        5493006MHB84DD0ZWV18
        Alphabet Inc
        02079K305
        
          
          
        
        125.00000000
        NS
        USD
        347668.75000000
        3.949387556010
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Siemens AG
        W38RGI023J3WT1HWRP32
        Siemens AG
        826197501
        
          
          
        
        1775.00000000
        NS
        USD
        122723.50000000
        1.394093267600
        Long
        EC
        CORP
        DE
        N
        
        1
        
          N
          N
          N
        
      
      
        PepsiCo Inc
        FJSUNZKFNQ5YPJ5OT455
        PepsiCo Inc
        713448108
        
          
          
        
        875.00000000
        NS
        USD
        146457.50000000
        1.663702670960
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Allianz SE
        529900K9B0N5BT694847
        Allianz SE
        018820100
        
          
          
        
        8800.00000000
        NS
        USD
        209264.00000000
        2.377161126851
        Long
        EC
        CORP
        DE
        N
        
        1
        
          N
          N
          N
        
      
      
        Faurecia SE
        969500F0VMZLK2IULV85
        Faurecia SE
        000000000
        
          
          
          
        
        1815.00000000
        NS
        
        47205.92000000
        0.536241675497
        Long
        EC
        CORP
        FR
        N
        
        2
        
          N
          N
          N
        
      
      
        TJX Cos Inc/The
        V167QI9I69W364E2DY52
        TJX Cos Inc/The
        872540109
        
          
          
        
        1380.00000000
        NS
        USD
        83600.40000000
        0.949669417908
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        NIKE Inc
        787RXPR0UX0O0XUXPZ81
        NIKE Inc
        654106103
        
          
          
        
        850.00000000
        NS
        USD
        114376.00000000
        1.299268775540
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Logitech International SA
        549300SN6PRK6IJJC215
        Logitech International SA
        000000000
        
          
          
          
        
        1550.00000000
        NS
        USD
        114359.00000000
        1.299075661870
        Long
        EC
        CORP
        CH
        N
        
        1
        
          N
          N
          N
        
      
      
        Home Depot Inc/The
        QEKMOTMBBKA8I816DO57
        Home Depot Inc/The
        437076102
        
          
          
        
        745.00000000
        NS
        USD
        223000.85000000
        2.533206628349
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        BAE Systems PLC
        8SVCSVKSGDWMW2QHOH83
        BAE Systems PLC
        05523R107
        
          
          
        
        3500.00000000
        NS
        USD
        131845.00000000
        1.497710111484
        Long
        EC
        CORP
        GB
        N
        
        1
        
          N
          N
          N
        
      
      
        Diageo PLC
        213800ZVIELEA55JMJ32
        Diageo PLC
        25243Q205
        
          
          
        
        785.00000000
        NS
        USD
        159464.90000000
        1.811461892046
        Long
        EC
        CORP
        GB
        N
        
        1
        
          N
          N
          N
        
      
      
        Smith & Nephew PLC
        213800ZTMDN8S67S1H61
        Smith & Nephew PLC
        000000000
        
          
          
          
        
        5550.00000000
        NS
        
        88272.07000000
        1.002737849753
        Long
        EC
        CORP
        GB
        N
        
        2
        
          N
          N
          N
        
      
      
        HomeServe PLC
        213800EKBJTGNMXEDF11
        HomeServe PLC
        000000000
        
          
          
          
        
        6525.00000000
        NS
        
        72258.30000000
        0.820827384798
        Long
        EC
        CORP
        GB
        N
        
        1
        
          N
          N
          N
        
      
      
        AES Corp/The
        2NUNNB7D43COUIRE5295
        AES Corp/The
        00130H105
        
          
          
        
        3025.00000000
        NS
        USD
        77833.25000000
        0.884156741133
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Keyence Corp
        529900M7PQBS7A89DZ11
        Keyence Corp
        000000000
        
          
          
          
        
        200.00000000
        NS
        
        92740.52000000
        1.053497778060
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Trane Technologies PLC
        549300BURLR9SLYY2705
        Trane Technologies PLC
        000000000
        
          
          
          
        
        875.00000000
        NS
        USD
        133612.50000000
        1.517788253409
        Long
        EC
        CORP
        IE
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Novartis AG
        5493007HIVTX6SY6XD66
        Novartis AG
        66987V109
        
          
          
        
        1200.00000000
        NS
        USD
        105300.00000000
        1.196168794716
        Long
        EC
        CORP
        CH
        N
        
        1
        
          N
          N
          N
        
      
      
        Vital Farms Inc
        549300S6NYY7ER3XOT61
        Vital Farms Inc
        92847W103
        
          
          
        
        2575.00000000
        NS
        USD
        31827.00000000
        0.361542870175
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Adobe Inc
        FU4LY2G4933NH2E1CP29
        Adobe Inc
        00724F101
        
          
          
        
        450.00000000
        NS
        USD
        205029.00000000
        2.329053103626
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Goldman Sachs Group Inc/The
        784F5XWPLTWKTBV3E584
        Goldman Sachs Group Inc/The
        38141G104
        
          
          
        
        600.00000000
        NS
        USD
        198060.00000000
        2.249887858323
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        3M Co
        LUZQVYP4VS22CLWDAR65
        3M Co
        88579Y101
        
          
          
        
        400.00000000
        NS
        USD
        59552.00000000
        0.676488547606
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        FedEx Corp
        549300E707U7WNPZN687
        FedEx Corp
        31428X106
        
          
          
        
        375.00000000
        NS
        USD
        86771.25000000
        0.985689093338
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Entain PLC
        213800GNI3K45LQR8L28
        Entain PLC
        000000000
        
          
          
          
        
        4300.00000000
        NS
        
        92110.43000000
        1.046340190255
        Long
        EC
        CORP
        GB
        N
        
        2
        
          N
          N
          N
        
      
      
        Nestle SA
        KY37LUS27QQX7BB93L28
        Nestle SA
        641069406
        
          
          
        
        1200.00000000
        NS
        USD
        156120.00000000
        1.773465073419
        Long
        EC
        CORP
        CH
        N
        
        1
        
          N
          N
          N
        
      
      
        RELX PLC
        549300WSX3VBUFFJOO66
        RELX PLC
        759530108
        
          
          
        
        4700.00000000
        NS
        USD
        146170.00000000
        1.660436778002
        Long
        EC
        CORP
        GB
        N
        
        1
        
          N
          N
          N
        
      
      
        NVIDIA Corp
        549300S4KLFTLO7GSQ80
        NVIDIA Corp
        67066G104
        
          
          
        
        1000.00000000
        NS
        USD
        272860.00000000
        3.099588008796
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Microsoft Corp
        INR2EJN1ERAN0W5ZP974
        Microsoft Corp
        594918104
        
          
          
        
        2000.00000000
        NS
        USD
        616620.00000000
        7.004573620112
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        T Rowe Price Group Inc
        549300SIV6FPS9Y7IH33
        T Rowe Price Group Inc
        74144T108
        
          
          
        
        475.00000000
        NS
        USD
        71815.25000000
        0.815794501754
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Deutsche Post AG
        8ER8GIG7CSMVD8VUFE78
        Deutsche Post AG
        000000000
        
          
          
          
        
        1550.00000000
        NS
        
        74015.42000000
        0.840787613787
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        Safran SA
        969500UIC89GT3UL7L24
        Safran SA
        786584102
        
          
          
        
        2750.00000000
        NS
        USD
        80850.00000000
        0.918425897937
        Long
        EC
        CORP
        FR
        N
        
        1
        
          N
          N
          N
        
      
      
        Apple Inc
        HWUPKR0MPOU8FGXBT394
        Apple Inc
        037833100
        
          
          
        
        3600.00000000
        NS
        USD
        628596.00000000
        7.140616521209
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Iberdrola SA
        5QK37QC7NWOJ8D7WVQ45
        Iberdrola SA
        450737101
        
          
          
        
        4050.00000000
        NS
        USD
        176823.00000000
        2.008643445280
        Long
        EC
        CORP
        ES
        N
        
        1
        
          N
          N
          N
        
      
      
        Dexcom Inc
        549300YSK3QDSFR5EU59
        Dexcom Inc
        252131107
        
          
          
        
        270.00000000
        NS
        USD
        138132.00000000
        1.569128090709
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen
        529900MUF4C20K50JS49
        Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen
        000000000
        
          
          
          
        
        125.00000000
        NS
        
        33417.46000000
        0.379609903615
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        adidas AG
        549300JSX0Z4CW0V5023
        adidas AG
        00687A107
        
          
          
        
        650.00000000
        NS
        USD
        75933.00000000
        0.862570608634
        Long
        EC
        CORP
        DE
        N
        
        1
        
          N
          N
          N
        
      
      
        Lonza Group AG
        549300EFW4H2TCZ71055
        Lonza Group AG
        000000000
        
          
          
          
        
        185.00000000
        NS
        
        134051.73000000
        1.522777742675
        Long
        EC
        CORP
        CH
        N
        
        2
        
          N
          N
          N
        
      
      
        CRH PLC
        549300MIDJNNTH068E74
        CRH PLC
        12626K203
        
          
          
        
        1200.00000000
        NS
        USD
        48072.00000000
        0.546080021838
        Long
        EC
        CORP
        IE
        N
        
        1
        
          N
          N
          N
        
      
      
        Recruit Holdings Co Ltd
        353800R2LRSMVVC4I806
        Recruit Holdings Co Ltd
        000000000
        
          
          
          
        
        3100.00000000
        NS
        
        134685.85000000
        1.529981109779
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Medtronic PLC
        549300GX3ZBSQWUXY261
        Medtronic PLC
        000000000
        
          
          
          
        
        1225.00000000
        NS
        USD
        135913.75000000
        1.543929596608
        Long
        EC
        CORP
        IE
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Ecolab Inc
        82DYEISM090VG8LTLS26
        Ecolab Inc
        278865100
        
          
          
        
        325.00000000
        NS
        USD
        57382.00000000
        0.651838155540
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        FIDELITY INVESTMENTS MONEY MARKET FUNDS - GOVERNMENT PORTFOLIO
        N/A
        FIDELITY GOVERNMENT PORT-I
        316175108
        
          
          
        
        89303.42000000
        NS
        USD
        89303.42000000
        1.014453601760
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Coca-Cola Europacific Partners
        549300LTH67W4GWMRF57
        Coca-Cola Europacific Partners PLC
        000000000
        
          
          
          
        
        2100.00000000
        NS
        USD
        102081.00000000
        1.159602153213
        Long
        EC
        CORP
        GB
        N
        
        1
        
          N
          N
          N
        
      
      
        Accenture PLC
        N/A
        Accenture PLC
        000000000
        
          
          
          
        
        575.00000000
        NS
        USD
        193907.25000000
        2.202714164474
        Long
        EC
        CORP
        IE
        
        N
        
        1
        
          N
          N
          N
        
      
      
        CVS Health Corp
        549300EJG376EN5NQE29
        CVS Health Corp
        126650100
        
          
          
        
        1550.00000000
        NS
        USD
        156875.50000000
        1.782047272131
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Visa Inc
        549300JZ4OKEHW3DPJ59
        Visa Inc
        92826C839
        
          
          
        
        475.00000000
        NS
        USD
        105340.75000000
        1.196631699544
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Lockheed Martin Corp
        DPRBOZP0K5RM2YE8UU08
        Lockheed Martin Corp
        539830109
        
          
          
        
        185.00000000
        NS
        USD
        81659.00000000
        0.927615836730
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Shiseido Co Ltd
        5299008QCD0YDT5OF506
        Shiseido Co Ltd
        000000000
        
          
          
          
        
        1100.00000000
        NS
        
        55559.32000000
        0.631133189360
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Infineon Technologies AG
        TSI2PJM6EPETEQ4X1U25
        Infineon Technologies AG
        000000000
        
          
          
          
        
        1225.00000000
        NS
        
        41441.80000000
        0.470763418393
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        ST Engineering
        254900OEXGGWCR24DG90
        Singapore Technologies Engineering Ltd
        000000000
        
          
          
          
        
        31200.00000000
        NS
        
        94506.36000000
        1.073557063002
        Long
        EC
        CORP
        SG
        N
        
        2
        
          N
          N
          N
        
      
      
        AstraZeneca PLC
        PY6ZZQWO2IZFZC3IOL08
        AstraZeneca PLC
        046353108
        
          
          
        
        2950.00000000
        NS
        USD
        195703.00000000
        2.223113215881
        Long
        EC
        CORP
        GB
        N
        
        1
        
          N
          N
          N
        
      
      
        UnitedHealth Group Inc
        549300GHBMY8T5GXDE41
        UnitedHealth Group Inc
        91324P102
        
          
          
        
        500.00000000
        NS
        USD
        254985.00000000
        2.896534664014
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Terumo Corp
        353800JX1R4582QVK932
        Terumo Corp
        000000000
        
          
          
          
        
        2600.00000000
        NS
        
        78672.14000000
        0.893686219197
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Sony Group Corp
        529900R5WX9N2OI2N910
        Sony Group Corp
        835699307
        
          
          
        
        1925.00000000
        NS
        USD
        197716.75000000
        2.245988666122
        Long
        EC
        CORP
        JP
        N
        
        1
        
          N
          N
          N
        
      
      
        JPMorgan Chase & Co
        8I5DZWZKVSZI1NUHU748
        JPMorgan Chase & Co
        46625H100
        
          
          
        
        1075.00000000
        NS
        USD
        146544.00000000
        1.664685278754
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Starbucks Corp
        OQSJ1DU9TAOC51A47K68
        Starbucks Corp
        855244109
        
          
          
        
        1600.00000000
        NS
        USD
        145552.00000000
        1.653416528096
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        salesforce.com Inc
        RCGZFPDMRW58VJ54VR07
        salesforce.com Inc
        79466L302
        
          
          
        
        850.00000000
        NS
        USD
        180472.00000000
        2.050094726685
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        AbbVie Inc
        FR5LCKFTG8054YNNRU85
        AbbVie Inc
        00287Y109
        
          
          
        
        665.00000000
        NS
        USD
        107803.15000000
        1.224603646743
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Broadcom Inc
        549300WV6GIDOZJTV909
        Broadcom Inc
        11135F101
        
          
          
        
        75.00000000
        NS
        USD
        47226.00000000
        0.536469776821
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
    
    
      
    
    
      2022-05-20
      SIT MUTUAL FUNDS INC
      Paul Rasmussen
      Paul Rasmussen
      VP, Treasurer & Chief Compliance Officer 
    
  
  XXXX




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SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2022

 

 

Sit ESG Growth Fund

Investments are grouped by geographic region.

 

     
Name of Issuer       Quantity          Fair Value ($)  

Common Stocks - 98.9%

      

Asia - 8.6%

      

Japan - 7.5%

      

Astellas Pharma, Inc.

    6,400          99,999  

Keyence Corp.

    200          92,741  

Recruit Holdings Co., Ltd.

    3,100          134,686  

Shiseido Co., Ltd.

    1,100          55,559  

Sony Group Corp., ADR

    1,925          197,717  

Terumo Corp.

    2,600          78,672  
      

 

 

 
         659,374  
      

 

 

 

Singapore - 1.1%

      

Singapore Technologies Engineering, Ltd.

    31,200          94,506  
      

 

 

 

Europe - 34.4%

      

France - 1.5%

      

Faurecia SE

    1,815          47,206  

Safran SA, ADR

    2,750          80,850  
      

 

 

 
         128,056  
      

 

 

 

Germany - 6.3%

      

adidas AG, ADR

    650          75,933  

Allianz SE, ADR

    8,800          209,264  

Deutsche Post AG

    1,550          74,015  

Infineon Technologies AG

    1,225          41,442  

Muenchener Rueckversicherungs AG

    125          33,417  

Siemens AG, ADR

    1,775          122,724  
      

 

 

 
         556,795  
      

 

 

 

Ireland - 5.8%

      

Accenture, PLC

    575          193,907  

CRH, PLC, ADR

    1,200          48,072  

Medtronic, PLC

    1,225          135,914  

Trane Technologies, PLC

    875          133,612  
      

 

 

 
         511,505  
      

 

 

 

Spain - 2.0%

      

Iberdrola SA, ADR

    4,050          176,823  
      

 

 

 

Sweden - 1.2%

      

Telefonaktiebolaget LM Ericsson, ADR

    11,175          102,140  
      

 

 

 

Switzerland - 6.4%

      

Chubb, Ltd.

    250          53,475  

Logitech International SA

    1,550          114,359  

Lonza Group AG

    185          134,052  

Nestle SA, ADR

    1,200          156,120  

Novartis AG, ADR

    1,200          105,300  
      

 

 

 
         563,306  
      

 

 

 

United Kingdom - 11.2%

      

AstraZeneca, PLC, ADR

    2,950          195,703  

BAE Systems, PLC, ADR

    3,500          131,845  

Coca-Cola Europacific Partners, PLC

    2,100          102,081  

Diageo, PLC, ADR

    785          159,465  

Entain, PLC *

    4,300          92,111  

HomeServe, PLC

    6,525          72,258  

RELX, PLC, ADR

    4,700          146,170  

Smith & Nephew, PLC

    5,550          88,272  
      

 

 

 
         987,905  
      

 

 

 

    

    

 

     
Name of Issuer       Quantity          Fair Value ($)  

North America - 55.9%

      

United States - 55.9%

      

3M Co.

    400          59,552  

AbbVie, Inc.

    665          107,803  

Adobe, Inc. *

    450          205,029  

AES Corp.

    3,025          77,833  

Alphabet, Inc. - Class A *

    125          347,669  

Apple, Inc.

    3,600          628,596  

Baxter International, Inc.

    1,650          127,941  

Broadcom, Inc.

    75          47,226  

CVS Health Corp.

    1,550          156,876  

Dexcom, Inc. *

    270          138,132  

Ecolab, Inc.

    325          57,382  

FedEx Corp.

    375          86,771  

Goldman Sachs Group, Inc.

    600          198,060  

Home Depot, Inc.

    745          223,001  

Johnson & Johnson

    1,175          208,245  

JPMorgan Chase & Co.

    1,075          146,544  

Lockheed Martin Corp.

    185          81,659  

Microsoft Corp.

    2,000          616,620  

NIKE, Inc.

    850          114,376  

NVIDIA Corp.

    1,000          272,860  

PepsiCo, Inc.

    875          146,458  

salesforce.com, Inc. *

    850          180,472  

Starbucks Corp.

    1,600          145,552  

T Rowe Price Group, Inc.

    475          71,815  

TJX Cos., Inc.

    1,380          83,600  

UnitedHealth Group, Inc.

    500          254,985  

Visa, Inc.

    475          105,341  

Vital Farms, Inc. *

    2,575          31,827  
      

 

 

 
         4,922,225  
      

 

 

 

Total Common Stocks
(cost: $5,522,364)

         8,702,635  
      

 

 

 

Short-Term Securities - 1.0%

      

Fidelity Inst. Money Mkt. Gvt. Fund, 0.12%
(cost $91,138)

    91,138          91,138  
      

 

 

 

Total Investments in Securities - 99.9%
(cost $5,613,502)

         8,793,773  

Other Assets and Liabilities, net - 0.1%

         9,332  
      

 

 

 

Total Net Assets - 100.0%

         $8,803,105  
      

 

 

 

 

 

 

*

Non-income producing security.

 

 

ADR — American Depositary Receipt

 

 

PLC — Public Limited Company

Numeric footnotes not disclosed are not applicable to this Schedule of Investments.

 

 

   
MARCH 31, 2022    1


    

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2022

Sit ESG Growth Fund (Continued)

 

Portfolio Structure - By Sector    (% of Total Net Assets)

Technology Services

       19.1%

Health Technology

   16.1

Electronic Technology

   14.8

Consumer Non-Durables

     9.2

Producer Manufacturing

     8.5

Finance

     8.1

Consumer Services

     5.6

Retail Trade

     5.3

Health Services

     2.9

Utilities

     2.9

Consumer Durables

     2.2

Transportation

     1.8

Process Industries

     1.0

Commercial Services

     0.8

Non-Energy Minerals

     0.6

Short-Term Securities

     1.0
  

 

   99.9

Other Assets and Liabilities, net

     0.1
  

 

     100.0%
  

 

 

 

A summary of the levels for the Fund’s investments as of March 31, 2022 is as follows:

 

    Investment in Securities  
   

Level 1

Quoted
      Prices ($)      

    

Level 2

Other significant
observable inputs ($)

    

Level 3

Significant
unobservable inputs ($)

     Total ($)          
 

 

 

 

Common Stocks

          

France

    80,850        47,206                —                128,056  

Germany

    407,921        148,874                —                556,795  

Ireland

    511,505        —                —                511,505  

Japan

    197,717        461,657                —                659,374  

Singapore

           94,506                —                94,506  

Spain

    176,823        —                —                176,823  

Sweden

    102,140        —                —                102,140  

Switzerland

    429,254        134,052                —                563,306  

United Kingdom

    807,522        180,383                —                987,905  

United States

    4,922,225        —                —                4,922,225  

Short-Term Securities

    91,138        —                —                91,138  
 

 

 

 

Total:

              7,727,095        1,066,678                —                8,793,773  
 

 

 

 

Level 1 securities of foreign issuers are primarily American Depositary Receipts (ADRs), Public Limited Companies (PLCs) or Global Depositary Receipts (GDRs). There were no transfers into or out of level 3 during the reporting period.

For additional information about significant accounting policies, including valuation of investments, refer to the Fund’s most recent annual report.

 

   
2