NPORT-P
    false
    
      
      
        
          0000877880
          XXXXXXXX
        
      
      
      
      
        S000048642
        C000153296
        C000153295
      
      
    
  
  
    
      SIT MUTUAL FUNDS INC
      811-06373
      0000877880
      254900G3NOOZ0B3T2Q46
      80 S. Eighth Street
      Suite 3300
      Minneapolis
      
      55402
      612-332-3223
      Sit Small Cap Dividend Growth Fund
      S000048642
      549300SLBKDDGWRKIP44
      2022-06-30
      2022-03-31
      N
    
    
      22288487.17
      17978.60
      22270508.57
      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
      4759.03000000
      N
      
        
          
          
        
        
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
      
    
    
      
        American Financial Group Inc/O
        549300AFOM7IVKIU1G39
        American Financial Group Inc/OH
        025932104
        
          
          
        
        1875.00000000
        NS
        USD
        273037.50000000
        1.226004781802
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Bio-Techne Corp
        54930073RLKQ51TILZ35
        Bio-Techne Corp
        09073M104
        
          
          
        
        325.00000000
        NS
        USD
        140738.00000000
        0.631947849586
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Huntsman Corp
        5299000V56320A7RIQ67
        Huntsman Corp
        447011107
        
          
          
        
        4650.00000000
        NS
        USD
        174421.50000000
        0.783194956916
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        AZEK Co Inc/The
        N/A
        AZEK Co Inc/The
        05478C105
        
          
          
        
        5700.00000000
        NS
        USD
        141588.00000000
        0.635764556318
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Avid Bioservices Inc
        549300GRUS3ZMGP8MX22
        Avid Bioservices Inc
        05368M106
        
          
          
        
        1975.00000000
        NS
        USD
        40230.75000000
        0.180645852219
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Monolithic Power Systems Inc
        529900TB7O85LSZ1XU31
        Monolithic Power Systems Inc
        609839105
        
          
          
        
        1200.00000000
        NS
        USD
        582816.00000000
        2.616985589566
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        MKS Instruments Inc
        549300KEQATBHAGVF505
        MKS Instruments Inc
        55306N104
        
          
          
        
        3275.00000000
        NS
        USD
        491250.00000000
        2.205831979345
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        EMCOR Group Inc
        529900X0SQJB2J7YDU43
        EMCOR Group Inc
        29084Q100
        
          
          
        
        2400.00000000
        NS
        USD
        270312.00000000
        1.213766623920
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Eagle Materials Inc
        529900KRXRGXL61SG039
        Eagle Materials Inc
        26969P108
        
          
          
        
        1575.00000000
        NS
        USD
        202167.00000000
        0.907779000037
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        AtriCure Inc
        N/A
        AtriCure Inc
        04963C209
        
          
          
        
        3500.00000000
        NS
        USD
        229845.00000000
        1.032059951740
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Helen of Troy Ltd
        N/A
        Helen of Troy Ltd
        000000000
        
          
          
          
        
        750.00000000
        NS
        USD
        146880.00000000
        0.659526923412
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Essential Properties Realty Tr
        N/A
        Essential Properties Realty Trust Inc
        29670E107
        
          
          
        
        10050.00000000
        NS
        USD
        254265.00000000
        1.141711691050
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        PotlatchDeltic Corp
        54930084YA8UJOTXDM59
        PotlatchDeltic Corp
        737630103
        
          
          
        
        2810.00000000
        NS
        USD
        148171.30000000
        0.665325174475
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Commercial Metals Co
        549300OQS2LO07ZJ7N73
        Commercial Metals Co
        201723103
        
          
          
        
        3950.00000000
        NS
        USD
        164399.00000000
        0.738191494295
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        STERIS PLC
        N/A
        STERIS PLC
        000000000
        
          
          
          
        
        975.00000000
        NS
        USD
        235725.75000000
        1.058465949527
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Scotts Miracle-Gro Co/The
        2TH9E0JTOUXOEGI2R879
        Scotts Miracle-Gro Co/The
        810186106
        
          
          
        
        1725.00000000
        NS
        USD
        212106.00000000
        0.952407527350
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        BRP Inc
        529900EPQGESIRCPY551
        BRP Inc
        05577W200
        
          
          
        
        1275.00000000
        NS
        USD
        104282.25000000
        0.468252665502
        Long
        EC
        CORP
        CA
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Hannon Armstrong Sustainable I
        N/A
        Hannon Armstrong Sustainable Infrastructure Capital Inc
        41068X100
        
          
          
        
        2800.00000000
        NS
        USD
        132804.00000000
        0.596322259918
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Crane Co
        549300X1RO9ID7AUCA83
        Crane Co
        224399105
        
          
          
        
        3275.00000000
        NS
        USD
        354617.00000000
        1.592316578157
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Wolverine World Wide Inc
        549300OVC7PK14LQ8D87
        Wolverine World Wide Inc
        978097103
        
          
          
        
        5800.00000000
        NS
        USD
        130848.00000000
        0.587539344190
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Vail Resorts Inc
        529900PSZHRNU9HKH870
        Vail Resorts Inc
        91879Q109
        
          
          
        
        700.00000000
        NS
        USD
        182189.00000000
        0.818072921089
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        MP Materials Corp
        N/A
        MP Materials Corp
        553368101
        
          
          
        
        2325.00000000
        NS
        USD
        133315.50000000
        0.598619019323
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        FTI Consulting Inc
        549300K17GM8EQD0FQ48
        FTI Consulting Inc
        302941109
        
          
          
        
        850.00000000
        NS
        USD
        133637.00000000
        0.600062632516
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Lincoln Electric Holdings Inc
        BIMGBY40SIN95O01BN93
        Lincoln Electric Holdings Inc
        533900106
        
          
          
        
        1725.00000000
        NS
        USD
        237722.25000000
        1.067430720105
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        KBR Inc
        254900OFQDXZRKRCV808
        KBR Inc
        48242W106
        
          
          
        
        10775.00000000
        NS
        USD
        589715.75000000
        2.647967145188
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Artisan Partners Asset Managem
        549300T1FUI6JF63XU51
        Artisan Partners Asset Management Inc
        04316A108
        
          
          
        
        6300.00000000
        NS
        USD
        247905.00000000
        1.113153744202
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Applied Industrial Technologie
        549300NU173IJRC6PO38
        Applied Industrial Technologies Inc
        03820C105
        
          
          
        
        2475.00000000
        NS
        USD
        254083.50000000
        1.140896711906
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        FIDELITY INVESTMENTS MONEY MARKET FUNDS - GOVERNMENT PORTFOLIO
        N/A
        FIDELITY GOVERNMENT PORT-I
        316175108
        
          
          
        
        333017.19000000
        NS
        USD
        333017.19000000
        1.495328177860
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Seres Therapeutics Inc
        549300GMXBE5NUWISF13
        Seres Therapeutics Inc
        81750R102
        
          
          
        
        6800.00000000
        NS
        USD
        48416.00000000
        0.217399615495
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Tenet Healthcare Corp
        0W9AIBT6U6ADJ2I8HK17
        Tenet Healthcare Corp
        88033G407
        
          
          
        
        6400.00000000
        NS
        USD
        550144.00000000
        2.470280363247
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Old National Bancorp/IN
        549300MMK90CL5KMVX16
        Old National Bancorp/IN
        680033107
        
          
          
        
        20675.00000000
        NS
        USD
        338656.50000000
        1.520650051324
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        National Presto Industries Inc
        N/A
        National Presto Industries Inc
        637215104
        
          
          
        
        750.00000000
        NS
        USD
        57712.50000000
        0.259143161542
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Globant SA
        2221008DCMSPYS42DS88
        Globant SA
        000000000
        
          
          
          
        
        1625.00000000
        NS
        USD
        425863.75000000
        1.912231813932
        Long
        EC
        CORP
        UY
        
        N
        
        1
        
          N
          N
          N
        
      
      
        II-VI Inc
        549300O5C25A0MMHHU33
        II-VI Inc
        902104108
        
          
          
        
        2450.00000000
        NS
        USD
        177600.50000000
        0.797469440097
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        H&E Equipment Services Inc
        254900KVLRCDMQRYY541
        H&E Equipment Services Inc
        404030108
        
          
          
        
        8700.00000000
        NS
        USD
        378624.00000000
        1.700113847018
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Hubbell Inc
        54930088VDQ6840Y6597
        Hubbell Inc
        443510607
        
          
          
        
        1225.00000000
        NS
        USD
        225118.25000000
        1.010835694624
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Neenah Inc
        8SR38IKUT3O1F1I6VH65
        Neenah Inc
        640079109
        
          
          
        
        2525.00000000
        NS
        USD
        100141.50000000
        0.449659690910
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Addus HomeCare Corp
        52990090ZT33AKPDBX62
        Addus HomeCare Corp
        006739106
        
          
          
        
        2575.00000000
        NS
        USD
        240221.75000000
        1.078654083021
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Brink's Co/The
        XFP140TFNOQMIVFTVQ13
        Brink's Co/The
        109696104
        
          
          
        
        2750.00000000
        NS
        USD
        187000.00000000
        0.839675481196
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Spire Inc
        549300NXSY15DRY2R511
        Spire Inc
        84857L101
        
          
          
        
        2950.00000000
        NS
        USD
        211692.00000000
        0.950548566659
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Silgan Holdings Inc
        KAF673KJXD92C8KSLU49
        Silgan Holdings Inc
        827048109
        
          
          
        
        5800.00000000
        NS
        USD
        268134.00000000
        1.203986874198
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Inmode Ltd
        984500DD95A35E9BD358
        Inmode Ltd
        000000000
        
          
          
          
        
        6250.00000000
        NS
        USD
        230687.50000000
        1.035842981649
        Long
        EC
        CORP
        IL
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Encompass Health Corp
        549300FVRPM9DRQZRG64
        Encompass Health Corp
        29261A100
        
          
          
        
        4200.00000000
        NS
        USD
        298662.00000000
        1.341065019064
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        ICU Medical Inc
        5493003NRW7LS2QZRH60
        ICU Medical Inc
        44930G107
        
          
          
        
        975.00000000
        NS
        USD
        217074.00000000
        0.974715055642
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CNO Financial Group Inc
        11XPYHB76MPM4Y4P2897
        CNO Financial Group Inc
        12621E103
        
          
          
        
        14000.00000000
        NS
        USD
        351260.00000000
        1.577242831684
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        AGCO Corp
        LYOM0B2GCF1JWXK5ZG04
        AGCO Corp
        001084102
        
          
          
        
        1350.00000000
        NS
        USD
        197140.50000000
        0.885208792517
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Provident Financial Services I
        529900JOSO3SXEDVE477
        Provident Financial Services Inc
        74386T105
        
          
          
        
        11075.00000000
        NS
        USD
        259155.00000000
        1.163668980371
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Regal Rexnord Corp
        QH78R09VCJGQKPBPYU33
        Regal Rexnord Corp
        758750103
        
          
          
        
        1042.00000000
        NS
        USD
        155028.76000000
        0.696116837712
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        MDC Holdings Inc
        5299005FV4VNV75R8R35
        MDC Holdings Inc
        552676108
        
          
          
        
        4050.00000000
        NS
        USD
        153252.00000000
        0.688138753178
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Chegg Inc
        549300AKX7O8JG0O3G77
        Chegg Inc
        163092109
        
          
          
        
        3000.00000000
        NS
        USD
        108840.00000000
        0.488718071515
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Stifel Financial Corp
        549300E5F07FE5GHJX84
        Stifel Financial Corp
        860630102
        
          
          
        
        6000.00000000
        NS
        USD
        407400.00000000
        1.829325085771
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        TFI International Inc
        5493007R9W7KO7SJN678
        TFI International Inc
        87241L109
        
          
          
        
        3475.00000000
        NS
        USD
        370122.25000000
        1.661938921765
        Long
        EC
        CORP
        CA
        N
        
        1
        
          N
          N
          N
        
      
      
        People's United Financial Inc
        ROPY7PEPIPIDJNF0BO69
        People's United Financial Inc
        712704105
        
          
          
        
        18425.00000000
        NS
        USD
        368315.75000000
        1.653827297397
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Halozyme Therapeutics Inc
        529900242I3SV9AGM753
        Halozyme Therapeutics Inc
        40637H109
        
          
          
        
        4350.00000000
        NS
        USD
        173478.00000000
        0.778958412443
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        MYR Group Inc
        529900G1IMMZHOQ17I54
        MYR Group Inc
        55405W104
        
          
          
        
        1400.00000000
        NS
        USD
        131656.00000000
        0.591167460707
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        EnPro Industries Inc
        549300Y5CFT2LKCFDN54
        EnPro Industries Inc
        29355X107
        
          
          
        
        2050.00000000
        NS
        USD
        200346.50000000
        0.899604512264
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Knight-Swift Transportation Ho
        N/A
        Knight-Swift Transportation Holdings Inc
        499049104
        
          
          
        
        5750.00000000
        NS
        USD
        290145.00000000
        1.302821617602
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Avient Corp
        SM8L9RZYIB34LNTWO040
        Avient Corp
        05368V106
        
          
          
        
        2125.00000000
        NS
        USD
        102000.00000000
        0.458004807925
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Hercules Capital Inc
        549300UJ5OC256GR2B73
        Hercules Capital Inc
        427096508
        
          
          
        
        13100.00000000
        NS
        USD
        236717.00000000
        1.062916903114
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Axis Capital Holdings Ltd
        N/A
        Axis Capital Holdings Ltd
        000000000
        
          
          
          
        
        6300.00000000
        NS
        USD
        380961.00000000
        1.710607545411
        Long
        EC
        CORP
        BM
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Casey's General Stores Inc
        549300CAFWSI86V66Q65
        Casey's General Stores Inc
        147528103
        
          
          
        
        1025.00000000
        NS
        USD
        203124.25000000
        0.912077285354
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Western Alliance Bancorp
        5493003VJXZ5JXT9S762
        Western Alliance Bancorp
        957638109
        
          
          
        
        2775.00000000
        NS
        USD
        229825.50000000
        1.031972391998
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Nexstar Media Group Inc
        52990083ZRR5UT591988
        Nexstar Media Group Inc
        65336K103
        
          
          
        
        2250.00000000
        NS
        USD
        424080.00000000
        1.904222342597
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Donaldson Co Inc
        OZE6KXY9QQPR8EJ8WL20
        Donaldson Co Inc
        257651109
        
          
          
        
        3275.00000000
        NS
        USD
        170070.75000000
        0.763659031249
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Twist Bioscience Corp
        549300T23BL59LCOH584
        Twist Bioscience Corp
        90184D100
        
          
          
        
        1425.00000000
        NS
        USD
        70366.50000000
        0.315962699185
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Sensient Technologies Corp
        CMMZHMFZQG86EI7WZU92
        Sensient Technologies Corp
        81725T100
        
          
          
        
        2450.00000000
        NS
        USD
        205677.50000000
        0.923541998843
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        World Fuel Services Corp
        D3W7PCXCBRQLL17DZ313
        World Fuel Services Corp
        981475106
        
          
          
        
        8675.00000000
        NS
        USD
        234572.00000000
        1.053285331418
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        AZZ Inc
        549300HD1X2NFLWPYC83
        AZZ Inc
        002474104
        
          
          
        
        3650.00000000
        NS
        USD
        176076.00000000
        0.790624064316
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Altair Engineering Inc
        549300FJ89HZ6GU9S994
        Altair Engineering Inc
        021369103
        
          
          
        
        800.00000000
        NS
        USD
        51520.00000000
        0.231337330434
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        ManTech International Corp/VA
        5299007N03CAU4SWNR02
        ManTech International Corp/VA
        564563104
        
          
          
        
        1275.00000000
        NS
        USD
        109892.25000000
        0.493442929938
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Marten Transport Ltd
        N/A
        Marten Transport Ltd
        573075108
        
          
          
        
        8450.00000000
        NS
        USD
        150072.00000000
        0.673859779754
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Crocs Inc
        549300B0J6YCXD63OG72
        Crocs Inc
        227046109
        
          
          
        
        1375.00000000
        NS
        USD
        105050.00000000
        0.471700049730
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Evercore Inc
        529900P6KLPT95DW3W58
        Evercore Inc
        29977A105
        
          
          
        
        2425.00000000
        NS
        USD
        269951.00000000
        1.212145646119
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Belden Inc
        68BKYO1JC791TTJHUE82
        Belden Inc
        077454106
        
          
          
        
        3175.00000000
        NS
        USD
        175895.00000000
        0.789811330294
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        STORE Capital Corp
        5493004EA6C9IHDZ7N66
        STORE Capital Corp
        862121100
        
          
          
        
        6225.00000000
        NS
        USD
        181956.75000000
        0.817030062102
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Broadstone Net Lease Inc
        549300U8D7PT70B49V21
        Broadstone Net Lease Inc
        11135E203
        
          
          
        
        11800.00000000
        NS
        USD
        257004.00000000
        1.154010467215
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CubeSmart
        N/A
        CubeSmart
        229663109
        
          
          
        
        5250.00000000
        NS
        USD
        273157.50000000
        1.226543610988
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        YETI Holdings Inc
        549300DSQICIGNT5GO63
        YETI Holdings Inc
        98585X104
        
          
          
        
        2700.00000000
        NS
        USD
        161946.00000000
        0.727176927688
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Air Lease Corp
        5493004NW4M4P8TMMK63
        Air Lease Corp
        00912X302
        
          
          
        
        4225.00000000
        NS
        USD
        188646.25000000
        0.847067544088
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Olin Corp
        549300GKK294V7W57P06
        Olin Corp
        680665205
        
          
          
        
        7625.00000000
        NS
        USD
        398635.00000000
        1.789968103992
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Physicians Realty Trust
        549300ITOVH0OY7PZC34
        Physicians Realty Trust
        71943U104
        
          
          
        
        11250.00000000
        NS
        USD
        197325.00000000
        0.886037242390
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CMC Materials Inc
        31F6V1MN00ZW3XWB4J69
        CMC Materials Inc
        12571T100
        
          
          
        
        2200.00000000
        NS
        USD
        407880.00000000
        1.831480402515
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Black Hills Corp
        3MGELCRSTNSAMJ962671
        Black Hills Corp
        092113109
        
          
          
        
        4000.00000000
        NS
        USD
        308080.00000000
        1.383354129662
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Power Integrations Inc
        54930085LGXSCIHD5W31
        Power Integrations Inc
        739276103
        
          
          
        
        3400.00000000
        NS
        USD
        315112.00000000
        1.414929519950
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Boot Barn Holdings Inc
        529900QE1BFMYA3N4E71
        Boot Barn Holdings Inc
        099406100
        
          
          
        
        2200.00000000
        NS
        USD
        208538.00000000
        0.936386339559
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Hanover Insurance Group Inc/Th
        JJYR6MFKFF6CF8DBZ078
        Hanover Insurance Group Inc/The
        410867105
        
          
          
        
        1275.00000000
        NS
        USD
        190638.00000000
        0.856010986012
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Piper Sandler Cos
        QUQDBTUSOAKFEVMRMF78
        Piper Sandler Cos
        724078100
        
          
          
        
        1450.00000000
        NS
        USD
        190312.50000000
        0.854549411845
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Associated Banc-Corp
        549300N3CIN473IW5094
        Associated Banc-Corp
        045487105
        
          
          
        
        7175.00000000
        NS
        USD
        163303.00000000
        0.733270187731
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Booz Allen Hamilton Holding Co
        529900JPV47PIUWMA015
        Booz Allen Hamilton Holding Corp
        099502106
        
          
          
        
        3200.00000000
        NS
        USD
        281088.00000000
        1.262153484804
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Atrion Corp
        N/A
        Atrion Corp
        049904105
        
          
          
        
        250.00000000
        NS
        USD
        178250.00000000
        0.800385853065
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Colliers International Group I
        D3O8K13PHLEXXD1DT480
        Colliers International Group Inc
        194693107
        
          
          
        
        2050.00000000
        NS
        USD
        267320.00000000
        1.200331816221
        Long
        EC
        CORP
        CA
        N
        
        1
        
          N
          N
          N
        
      
      
        Carlisle Cos Inc
        XR64VGX1ZPX6G7ZN7Z11
        Carlisle Cos Inc
        142339100
        
          
          
        
        1650.00000000
        NS
        USD
        405768.00000000
        1.821997008845
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Carlyle Group Inc/The
        529900NGGVF94UK6PG95
        Carlyle Group Inc/The
        14316J108
        
          
          
        
        8075.00000000
        NS
        USD
        394948.25000000
        1.773413699820
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        HCI Group Inc
        549300CZF7EZJH0MPH74
        HCI Group Inc
        40416E103
        
          
          
        
        2100.00000000
        NS
        USD
        143178.00000000
        0.642904043030
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Thor Industries Inc
        254900XZO1228PDSG060
        Thor Industries Inc
        885160101
        
          
          
        
        2300.00000000
        NS
        USD
        181010.00000000
        0.812778924338
        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
HTML
    

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2022

 

 

Sit Small Cap Dividend Growth Fund

Investments are grouped by economic sectors.

 

  
Name of Issuer   Quantity          Fair Value ($)  

 

  

Common Stocks - 98.4%

       

Commercial Services - 5.0%

       

Booz Allen Hamilton Holding Corp.

     3,200          281,088  

Brink’s Co.

     2,750          187,000  

Colliers International Group, Inc.

     2,050          267,320  

FTI Consulting, Inc. *

    850          133,637  

World Fuel Services Corp.

     8,675          234,572  
      

 

 

  
         1,103,617  
      

 

 

  

Consumer Durables - 3.6%

       

BRP, Inc.

     1,275          104,282  

Helen of Troy, Ltd. *

    750          146,880  

MDC Holdings, Inc.

     4,050          153,252  

National Presto Industries, Inc.

     750          57,713  

Thor Industries, Inc.

     2,300          181,010  

YETI Holdings, Inc. *

    2,700          161,946  
      

 

 

  
         805,083  
      

 

 

  

Consumer Non-Durables - 2.0%

       

Crocs, Inc. *

    1,375          105,050  

Sensient Technologies Corp.

     2,450          205,678  

Wolverine World Wide, Inc.

     5,800          130,848  
      

 

 

  
         441,576  
      

 

 

  

Consumer Services - 3.2%

       

Chegg, Inc. *

    3,000          108,840  

Nexstar Media Group, Inc.

     2,250          424,080  

Vail Resorts, Inc.

     700          182,189  
      

 

 

  
         715,109  
      

 

 

  

Electronic Technology - 8.9%

       

CMC Materials, Inc.

     2,200          407,880  

II-VI, Inc. *

    2,450          177,600  

MKS Instruments, Inc.

     3,275          491,250  

Monolithic Power Systems, Inc.

     1,200          582,816  

Power Integrations, Inc.

     3,400          315,112  
      

 

 

  
         1,974,658  
      

 

 

  

Finance - 29.0%

       

Air Lease Corp.

     4,225          188,646  

American Financial Group, Inc.

     1,875          273,037  

Artisan Partners Asset Management, Inc.

     6,300          247,905  

Associated Banc-Corp.

     7,175          163,303  

Axis Capital Holdings, Ltd.

     6,300          380,961  

Broadstone Net Lease, Inc.

     11,800          257,004  

Carlyle Group, Inc.

     8,075          394,948  

CNO Financial Group, Inc.

     14,000          351,260  

CubeSmart

     5,250          273,157  

Essential Properties Realty Trust, Inc.

     10,050          254,265  

Evercore Partners, Inc.

     2,425          269,951  

H&E Equipment Services, Inc.

     8,700          378,624  

Hannon Armstrong Sust. Inf. Cap., Inc.

     2,800          132,804  

Hanover Insurance Group, Inc.

     1,275          190,638  

HCI Group, Inc.

     2,100          143,178  

Hercules Capital, Inc.

     13,100          236,717  

Old National Bancorp

     20,675          338,657  

People’s United Financial, Inc.

     18,425          368,316  

Physicians Realty Trust

     11,250          197,325  

Piper Sandler Cos

     1,450          190,313  

PotlatchDeltic Corp.

     2,810          148,171  

Provident Financial Services, Inc.

     11,075          259,155  

 

 

Name of Issuer   Quantity     Fair Value ($)  

 

  

Stifel Financial Corp.

     6,000       407,400  

STORE Capital Corp.

     6,225       181,957  

Western Alliance Bancorp

     2,775       229,826  
   

 

 

  
      6,457,518  
   

 

 

  

Health Services - 4.9%

    

Addus HomeCare Corp. *

    2,575       240,222  

Encompass Health Corp.

     4,200       298,662  

Tenet Healthcare Corp. *

    6,400       550,144  
   

 

 

  
      1,089,028  
   

 

 

  

Health Technology - 7.0%

    

AtriCure, Inc. *

    3,500       229,845  

Atrion Corp.

     250       178,250  

Avid Bioservices, Inc. *

    1,975       40,231  

Bio-Techne Corp.

     325       140,738  

Halozyme Therapeutics, Inc. *

    4,350       173,478  

ICU Medical, Inc. *

    975       217,074  

Inmode, Ltd. *

    6,250       230,687  

Seres Therapeutics, Inc. *

    6,800       48,416  

STERIS, PLC

     975       235,726  

Twist Bioscience Corp. *

    1,425       70,366  
   

 

 

  
      1,564,811  
   

 

 

  

Industrial Services - 4.5%

    

EMCOR Group, Inc.

     2,400       270,312  

KBR, Inc.

     10,775       589,716  

MYR Group, Inc. *

    1,400       131,656  
   

 

 

  
      991,684  
   

 

 

  

Non-Energy Minerals - 2.9%

    

AZEK Co., Inc. *

    5,700       141,588  

Commercial Metals Co.

     3,950       164,399  

Eagle Materials, Inc.

     1,575       202,167  

MP Materials Corp. *

    2,325       133,315  
   

 

 

  
      641,469  
   

 

 

  

Process Industries - 5.6%

    

Avient Corp.

     2,125       102,000  

Huntsman Corp.

     4,650       174,422  

Neenah, Inc.

     2,525       100,141  

Olin Corp.

     7,625       398,635  

Scotts Miracle-Gro Co.

     1,725       212,106  

Silgan Holdings, Inc.

     5,800       268,134  
   

 

 

  
      1,255,438  
   

 

 

  

Producer Manufacturing - 11.5%

    

AGCO Corp.

     1,350       197,140  

Applied Industrial Technologies, Inc.

     2,475       254,084  

AZZ, Inc.

     3,650       176,076  

Belden, Inc.

     3,175       175,895  

Carlisle Cos, Inc.

     1,650       405,768  

Crane Co.

     3,275       354,617  

Donaldson Co., Inc.

     3,275       170,071  

EnPro Industries, Inc.

     2,050       200,347  

Hubbell, Inc.

     1,225       225,118  

Lincoln Electric Holdings, Inc.

     1,725       237,722  

Regal Rexnord Corp.

     1,042       155,029  
   

 

 

  
      2,551,867  
   

 

 

  

Retail Trade - 1.8%

    

Boot Barn Holdings, Inc. *

    2,200       208,538  
 

 

   
MARCH 31, 2022    1

    

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2022

Sit Small Cap Dividend Growth Fund (Continued)

 

     
Name of Issuer   Quantity       Fair Value ($)  

Casey’s General Stores, Inc.

     1,025       203,124  
   

 

 

  
      411,662  
   

 

 

  

Technology Services - 2.6%

    

Altair Engineering, Inc. *

    800       51,520  

Globant SA *

    1,625       425,864  

ManTech International Corp.

     1,275       109,892  
   

 

 

  
      587,276  
   

 

 

  

Transportation - 3.6%

    

Knight-Swift Transportation Holdings, Inc.

     5,750       290,145  

Marten Transport, Ltd.

     8,450       150,072  

TFI International, Inc.

     3,475       370,122  
   

 

 

  
      810,339  
   

 

 

  

Utilities - 2.3%

    

Black Hills Corp.

     4,000       308,080  

Spire, Inc.

     2,950       211,692  
   

 

 

  
      519,772  
   

 

 

  

Total Common Stocks
(cost: $15,366,025)

       21,920,907  
   

 

 

  

Short-Term Securities - 1.5%

   

Fidelity Inst. Money Mkt. Gvt. Fund, 0.12%
(cost $337,776)

     337,776       337,776  
   

 

 

  

Total Investments in Securities - 99.9%
(cost $15,703,801)

       22,258,683  

Other Assets and Liabilities, net - 0.1%

       14,149  
   

 

 

  

Total Net Assets - 100.0%

       $22,272,832  
   

 

 

  
 
               
*

Non-income producing security.

 

 

PLC — Public Limited Company

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

 

 

 

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**

     21,920,907        —                —          21,920,907    

Short-Term Securities

      337,776        —                —          337,776    
  

 

 

  

Total:

      22,258,683        —                —          22,258,683    
  

 

 

  

 

**

For equity securities categorized in a single level, refer to the Schedule of Investments for further breakdown.

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