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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNITEDHEALTH GROUP INC</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UNITEDHEALTH GROUP INC COM</title>
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          <isin value="US91324P1021"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FEDEX FREIGHT HOLDING COMPANY INC</name>
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          <isin value="US3143521058"/>
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        <curCd>USD</curCd>
        <valUSD>28237.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TJX COMPANIES INC (THE)</name>
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          <isin value="US8725401090"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CRH PLC</name>
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          <isin value="IE0001827041"/>
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        <curCd>USD</curCd>
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        <invCountry>IE</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TERUMO CORP</name>
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          <isin value="JP3546800008"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>D'IETEREN GROUP NV/SA</name>
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        <assetCat>EC</assetCat>
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        <invCountry>BE</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NVIDIA CORP</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SINGAPORE TECHNOLOGIES ENGINEERING LTD</name>
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        <title>SINGAPORE TECHNOLOGIES ENGINEERING LTD NPV</title>
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          <isin value="SG1F60858221"/>
          <ticker value="STE"/>
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        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SIEMENS AG</name>
        <lei>W38RGI023J3WT1HWRP32</lei>
        <title>SIEMENS AG SPONSORED ADR</title>
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          <isin value="US8261975010"/>
          <ticker value="SIEGY"/>
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        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PEPSICO INC</name>
        <lei>FJSUNZKFNQ5YPJ5OT455</lei>
        <title>PEPSICO INC COM</title>
        <cusip>713448108</cusip>
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          <isin value="US7134481081"/>
          <ticker value="PEP"/>
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        <balance>875.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SONY GROUP CORP</name>
        <lei>529900R5WX9N2OI2N910</lei>
        <title>SONY GROUP CORP SPONSORED ADR</title>
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          <ticker value="SONY"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>WILLIAMS COMPANIES INC (THE)</name>
        <lei>D71FAKCBLFS2O0RBPG08</lei>
        <title>WILLIAMS COMPANIES INC (THE) COM</title>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MUENCHENER RUECKVERSICHERUNGS-GESELLSCHAFT AG</name>
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        <cusip>000000000</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>INFINEON TECHNOLOGIES AG</name>
        <lei>TSI2PJM6EPETEQ4X1U25</lei>
        <title>INFINEON TECHNOLOGIES AG ORD NPV (REGD)</title>
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        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>MICROSOFT CORP</name>
        <lei>INR2EJN1ERAN0W5ZP974</lei>
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          <ticker value="MSFT"/>
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        <fairValLevel>1</fairValLevel>
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        <name>IBERDROLA SA</name>
        <lei>5QK37QC7NWOJ8D7WVQ45</lei>
        <title>IBERDROLA SA SPON ADR</title>
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        <fairValLevel>1</fairValLevel>
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        <name>ALLIANZ SE</name>
        <lei>529900K9B0N5BT694847</lei>
        <title>ALLIANZ SE UNSPONSRD ADS</title>
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        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>ELI LILLY &amp; COMPANY</name>
        <lei>FRDRIPF3EKNDJ2CQJL29</lei>
        <title>ELI LILLY &amp; COMPANY COM</title>
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          <ticker value="LLY"/>
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        <fairValLevel>1</fairValLevel>
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        <name>FEDEX CORP</name>
        <lei>549300E707U7WNPZN687</lei>
        <title>FEDEX CORP COM</title>
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          <ticker value="FDX"/>
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        <fairValLevel>1</fairValLevel>
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        <name>DEXCOM INC</name>
        <lei>549300YSK3QDSFR5EU59</lei>
        <title>DEXCOM INC COM</title>
        <cusip>252131107</cusip>
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          <ticker value="DXCM"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>ABBVIE INC</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>ABBVIE INC COM</title>
        <cusip>00287Y109</cusip>
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          <ticker value="ABBV"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>BROADCOM INC</name>
        <lei>549300WV6GIDOZJTV909</lei>
        <title>BROADCOM INC COM</title>
        <cusip>11135F101</cusip>
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          <isin value="US11135F1012"/>
          <ticker value="AVGO"/>
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        <balance>1925.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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        <name>CHENIERE ENERGY INC</name>
        <lei>MIHC87W9WTYSYZWV1J40</lei>
        <title>CHENIERE ENERGY INC COM NEW</title>
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          <isin value="US16411R2085"/>
          <ticker value="LNG"/>
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        <balance>600.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>143406.00000000</valUSD>
        <pctVal>0.980219531307</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DHL GROUP</name>
        <lei>8ER8GIG7CSMVD8VUFE78</lei>
        <title>DHL GROUP</title>
        <cusip>000000000</cusip>
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          <isin value="DE0005552004"/>
          <ticker value="DHL"/>
          <other otherDesc="SEDOL" value="4617859"/>
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        <balance>1550.00000000</balance>
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        <pctVal>0.642800868130</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>SAFRAN SA</name>
        <lei>969500UIC89GT3UL7L24</lei>
        <title>SAFRAN SA SPON ADR</title>
        <cusip>786584102</cusip>
        <identifiers>
          <isin value="US7865841024"/>
          <ticker value="SAFRY"/>
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        <balance>2750.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>270242.50000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JP MORGAN CHASE &amp; COMPANY</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JP MORGAN CHASE &amp; COMPANY COM</title>
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          <isin value="US46625H1005"/>
          <ticker value="JPM"/>
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        <balance>1075.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>351879.75000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MEDTRONIC PLC</name>
        <lei>549300GX3ZBSQWUXY261</lei>
        <title>MEDTRONIC PLC USD0.0001</title>
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          <isin value="IE00BTN1Y115"/>
          <ticker value="MDT"/>
          <other otherDesc="SEDOL" value="BTN1Y11"/>
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        <balance>725.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>56716.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TRANE TECHNOLOGIES PLC</name>
        <lei>549300BURLR9SLYY2705</lei>
        <title>TRANE TECHNOLOGIES PLC COM USD1</title>
        <cusip>000000000</cusip>
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          <isin value="IE00BK9ZQ967"/>
          <ticker value="TT"/>
          <other otherDesc="SEDOL" value="BK9ZQ96"/>
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        <balance>875.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>429765.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KEYENCE CORP</name>
        <lei>529900M7PQBS7A89DZ11</lei>
        <title>KEYENCE CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3236200006"/>
          <ticker value="6861"/>
          <other otherDesc="SEDOL" value="6490995"/>
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        <balance>200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.59500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HOME DEPOT INC (THE)</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
        <title>HOME DEPOT INC (THE) COM</title>
        <cusip>437076102</cusip>
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          <isin value="US4370761029"/>
          <ticker value="HD"/>
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        <balance>745.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>262746.60000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ACCENTURE PLC</name>
        <lei>5493000EWHDSR3MZWH98</lei>
        <title>ACCENTURE PLC CLS'A'USD0.0000225</title>
        <cusip>000000000</cusip>
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          <isin value="IE00B4BNMY34"/>
          <ticker value="ACN"/>
          <other otherDesc="SEDOL" value="B4BNMY3"/>
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        <balance>750.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>93330.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC (THE)</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>GOLDMAN SACHS GROUP INC (THE) COM</title>
        <cusip>38141G104</cusip>
        <identifiers>
          <isin value="US38141G1040"/>
          <ticker value="GS"/>
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        <balance>600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>606822.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LOCKHEED MARTIN CORP</name>
        <lei>DPRBOZP0K5RM2YE8UU08</lei>
        <title>LOCKHEED MARTIN CORP COM</title>
        <cusip>539830109</cusip>
        <identifiers>
          <isin value="US5398301094"/>
          <ticker value="LMT"/>
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        <balance>275.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>140101.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LONZA GROUP AG</name>
        <lei>549300EFW4H2TCZ71055</lei>
        <title>LONZA GROUP AG CHF1 (REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0013841017"/>
          <ticker value="LONN"/>
          <other otherDesc="SEDOL" value="7333378"/>
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        <balance>185.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.80800000"/>
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        <pctVal>0.854181013881</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BAE SYSTEMS PLC</name>
        <lei>8SVCSVKSGDWMW2QHOH83</lei>
        <title>BAE SYSTEMS PLC SPONSORED ADR</title>
        <cusip>05523R107</cusip>
        <identifiers>
          <isin value="US05523R1077"/>
          <ticker value="BAESY"/>
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        <balance>1450.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>142027.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>COCA-COLA EUROPACIFIC PARTNERS PLC</name>
        <lei>549300LTH67W4GWMRF57</lei>
        <title>COCA-COLA EUROPACIFIC PARTNERS PLC COM EUR0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BDCPN049"/>
          <ticker value="CCEP"/>
          <other otherDesc="SEDOL" value="BYQQ3P5"/>
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        <balance>2100.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>210147.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VISA INC</name>
        <lei>549300JZ4OKEHW3DPJ59</lei>
        <title>VISA INC COM CL A</title>
        <cusip>92826C839</cusip>
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          <isin value="US92826C8394"/>
          <ticker value="V"/>
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        <balance>475.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>162967.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MAN GROUP PLC</name>
        <lei>2549003YWC1DW6LALB09</lei>
        <title>MAN GROUP PLC ORD USD0.0342857142</title>
        <cusip>000000000</cusip>
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          <isin value="JE00BJ1DLW90"/>
          <ticker value="EMG"/>
          <other otherDesc="SEDOL" value="BJ1DLW9"/>
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        <balance>55725.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75389197"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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        <name>FIDELITY COLCHESTER STREET TRUST</name>
        <lei>549300SHPEJB1OPRCV46</lei>
        <title>FIDELITY COLCHESTER STREET TRUST MNY MRKT FDS I</title>
        <cusip>316175108</cusip>
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          <isin value="US3161751082"/>
          <ticker value="FIGXX"/>
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        <balance>853447.64000000</balance>
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        <curCd>USD</curCd>
        <valUSD>853447.64000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>RECRUIT HOLDINGS CO LTD</name>
        <lei>353800R2LRSMVVC4I806</lei>
        <title>RECRUIT HOLDINGS CO LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3970300004"/>
          <ticker value="6098"/>
          <other otherDesc="SEDOL" value="BQRRZ00"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>ENTAIN PLC</name>
        <lei>213800GNI3K45LQR8L28</lei>
        <title>ENTAIN PLC ORD EUR0.01</title>
        <cusip>000000000</cusip>
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          <isin value="IM00B5VQMV65"/>
          <ticker value="ENT"/>
          <other otherDesc="SEDOL" value="B5VQMV6"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COMPASS GROUP PLC</name>
        <lei>2138008M6MH9OZ6U2T68</lei>
        <title>COMPASS GROUP PLC ORD GBP0.1105</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BD6K4575"/>
          <ticker value="CPG"/>
          <other otherDesc="SEDOL" value="BD6K457"/>
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        <balance>3600.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>116280.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ECOLAB INC</name>
        <lei>82DYEISM090VG8LTLS26</lei>
        <title>ECOLAB INC COM</title>
        <cusip>278865100</cusip>
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          <isin value="US2788651006"/>
          <ticker value="ECL"/>
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        <balance>325.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>90548.25000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SALESFORCE INC</name>
        <lei>RCGZFPDMRW58VJ54VR07</lei>
        <title>SALESFORCE INC COM</title>
        <cusip>79466L302</cusip>
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          <isin value="US79466L3024"/>
          <ticker value="CRM"/>
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        <balance>425.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>66580.50000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NIKE INC</name>
        <lei>787RXPR0UX0O0XUXPZ81</lei>
        <title>NIKE INC CL B</title>
        <cusip>654106103</cusip>
        <identifiers>
          <isin value="US6541061031"/>
          <ticker value="NKE"/>
        </identifiers>
        <balance>850.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>34892.50000000</valUSD>
        <pctVal>0.238499853535</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASML HOLDING NV</name>
        <lei>724500Y6DUVHQD6OXN27</lei>
        <title>ASML HOLDING NV NY REGISTRY SHS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="USN070592100"/>
          <ticker value="ASML"/>
          <other otherDesc="SEDOL" value="B908F01"/>
        </identifiers>
        <balance>65.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>129313.60000000</valUSD>
        <pctVal>0.883894093578</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YPSOMED HOLDING AG</name>
        <lei>391200QLIOTTBNPNSI14</lei>
        <title>YPSOMED HOLDING AG CHF14.15 (REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0019396990"/>
          <ticker value="YPSN"/>
          <other otherDesc="SEDOL" value="B02SWN8"/>
        </identifiers>
        <balance>207.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.80800000"/>
        <valUSD>93457.43000000</valUSD>
        <pctVal>0.638807290014</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RELX PLC</name>
        <lei>549300WSX3VBUFFJOO66</lei>
        <title>RELX PLC SPONSORED ADR</title>
        <cusip>759530108</cusip>
        <identifiers>
          <isin value="US7595301083"/>
          <ticker value="RELX"/>
        </identifiers>
        <balance>4700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>148849.00000000</valUSD>
        <pctVal>1.017423936345</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHUBB LTD (SWITZERLAND)</name>
        <lei>E0JAN6VLUDI1HITHT809</lei>
        <title>CHUBB LTD (SWITZERLAND) ORD CHF24.15</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0044328745"/>
          <ticker value="CB"/>
          <other otherDesc="SEDOL" value="B3BQMF6"/>
        </identifiers>
        <balance>250.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>85185.00000000</valUSD>
        <pctVal>0.582262951162</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-08-21</ncom:dateSigned>
      <ncom:nameOfApplicant>SIT MUTUAL FUNDS INC</ncom:nameOfApplicant>
      <ncom:signature>Paul Rasmussen</ncom:signature>
      <ncom:signerName>Paul Rasmussen</ncom:signerName>
      <ncom:title>VP, Treasurer &amp; Chief Compliance Officer </ncom:title>
    </signature>
  </formData>
</edgarSubmission>
