Sit U.S. Government Securities Fund NPORTP Sit U S Government Securities Fund Inc (Dec 2021 report)

SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2021

Sit U.S. Government Securities Fund


Principal Amount ($)		Coupon Rate (%)	Maturity Date		Fair Value ($)

	Mortgage Pass-Through Securities - 26.5%

	Federal Home Loan Mortgage Corporation - 3.4%

	388,004	3.00		1/1/44		414,663
	44,810	4.00		7/1/25		47,048
	501,683	5.00		5/1/42		550,090
	1,160,224	5.50		8/1/49		1,331,259
	48,985	5.82		10/1/37		53,860
	259,147	6.50		12/1/34		286,062
	149,716	6.88		2/17/31		165,584
	34,592	7.00		8/1/27		35,026
	386,605	7.00		4/1/28		415,040
	2,716,819	7.00		12/1/31		3,045,043
	362,126	7.00		2/1/37		398,524
	250,679	7.00		4/1/37		297,264
	3,721,561	7.00		10/1/37		4,275,452
	2,069,527	7.00		10/1/38		2,427,831
	19,055	7.38		12/17/24		19,199
	42,520	7.50		1/1/31		43,199
	246,171	7.50		1/1/32		280,438
	192,475	7.50		8/1/32		208,254
	5,525	7.95		10/1/25		5,547
	14,485	8.00		5/1/31		14,544
	51,954	8.00		11/1/36		60,118
	84,679	8.00		1/1/37		99,798
	71,804	8.50		6/20/27		79,644
	15,549	8.50		12/1/29		16,765
	66,212	8.50		3/1/31		74,596
	12,833	9.00		3/20/27		12,907
	31,178	9.00		2/17/31		31,122
	21,893	9.00		5/1/31		22,144
	849	10.00		7/1/30		853


						14,711,874

	Federal National Mortgage Association - 13.9%

	3,100,000	2.48		2/1/35		3,224,621
	3,100,000	2.68		2/1/35		3,275,875
	2,137,598	4.50		4/1/48		2,314,045
	1,271,804	5.00		9/1/43		1,459,972
	8,868,829	5.00		2/1/49		10,090,803
	513,703	5.00		6/1/51		586,194
	352,267	5.50		6/1/33		383,777
	4,120,062	5.50		12/1/41		4,765,029
	2,567,547	5.50		1/1/49		2,947,117
	1,490,684	5.50		5/1/49		1,641,436
	730,271	5.50		4/1/50		800,945
	835,452	5.93		5/1/35		835,124
	374,080	6.00		11/1/34		424,245
	134,639	6.00		5/1/37		149,067
	52,846	6.00		9/1/37		56,885
	1,338,539	6.00		4/1/38		1,552,619
	401,202	6.00		2/1/40		454,564
	3,998,632	6.00		5/1/41		4,627,932
	919,320	6.50		2/1/29		1,014,236
	126,926	6.50		3/1/29		134,587
	2,453,181	6.50		12/1/30		2,740,449
	140,634	6.50		6/1/31		156,921
	49,069	6.50		8/1/34		54,289
	323,498	6.50		11/1/34		357,554
	163,853	6.50		1/1/39		176,639
	830,647	6.75		6/1/32		957,115
	646,532	6.85		6/1/40		730,312


Principal Amount ($)		Coupon Rate (%)	Maturity Date		Fair Value ($)

	805	7.00		3/1/22		806
	4,881	7.00		6/1/22		4,897
	1,740	7.00		1/1/24		1,745
	16,749	7.00		2/1/26		17,695
	48,601	7.00		9/1/27		51,807
	23,309	7.00		10/1/27		24,905
	94,814	7.00		11/1/27		103,063
	22,895	7.00		1/1/28		24,514
	17,158	7.00		10/1/32		18,564
	2,702,115	7.00		12/1/32		3,179,647
	79,154	7.00		7/1/33		87,743
	82,519	7.00		7/1/34		91,596
	10,594	7.00		12/1/37		11,719
	3,386,993	7.00		1/1/40		3,884,670
	451,081	7.00		9/1/47		475,616
	397	7.50		6/1/22		398
	3,212	7.50		12/1/22		3,232
	90,835	7.50		4/1/32		100,044
	124,360	7.50		1/1/34		138,955
	2,436,459	7.50		10/1/38		2,820,169
	1,043,979	7.50		11/1/38		1,225,201
	7,624	7.72		7/20/30		7,725
	4,022	7.97		8/20/25		4,068
	91,754	8.00		6/1/25		96,690
	3,708	8.00		7/20/28		3,753
	56,020	8.00		2/1/31		63,202
	109,739	8.00		1/1/32		119,570
	52,538	8.00		11/1/37		61,431
	285,575	8.00		3/1/38		340,591
	50,889	8.14		11/15/31		56,777
	59,003	8.50		11/1/26		61,486
	43,154	8.50		3/1/28		44,071
	27,345	8.50		10/1/28		30,065
	73,238	8.50		4/1/29		80,175
	31,762	8.50		10/1/29		31,877
	57,148	8.50		7/1/30		65,399
	39,007	8.50		8/1/30		46,129
	131,700	8.50		4/1/32		157,955
	111,393	8.50		1/1/37		124,546
	1,577	9.00		6/15/25		1,597
	19,491	9.00		5/15/28		19,736
	16,189	9.00		6/1/30		16,442
	8,111	9.00		10/1/30		8,706
	67,066	9.00		2/1/31		69,551
	18,630	9.00		7/1/31		18,695
	24,727	9.00		10/1/31		28,102
	58,306	9.00		8/1/37		60,981
	155,531	9.00		2/1/38		169,741
	13,222	9.50		8/1/24		13,327
	95,897	9.50		5/1/29		107,542
	11,137	9.50		4/1/30		12,106
	68,351	9.50		8/1/31		75,519
	13,569	10.00		2/1/28		13,579
	72,118	10.00		6/1/30		80,398


						60,270,870

	Government National Mortgage Association - 8.7%

	85,289	4.00		12/15/24		89,195
	383,083	4.00		10/20/30		418,186
	6,861,490	4.00		8/20/31		7,378,264
	668,098	4.00		12/20/31		729,803
	525,015	4.25		10/20/31		571,275


DECEMBER 31, 2021		1

SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2021

Sit U.S. Government Securities Fund (Continued)


Principal Amount ($)		Coupon Rate (%)	Maturity Date			Fair Value ($)

	328,213	4.25		3/20/37			351,531
	1,584,728	4.75		9/20/31			1,755,875
	5,817,493	5.00		12/15/45			6,821,917
	697,998	5.00		7/20/49			746,200
	47,807	5.50		9/15/25			50,084
	661,703	5.50		5/15/29			737,243
	1,608,888	5.75		2/15/29			1,765,233
	583,727	5.75		10/20/31			643,829
	365,557	6.00		9/15/33			399,605
	241,100	6.00		2/20/47			277,886
	2,300,446	6.00		7/20/47			2,638,175
	19,195	6.25		12/15/23			19,492
	514,129	6.25		4/15/29			563,086
	42,580	6.50		11/15/23			43,928
	130,098	6.50		4/15/24			134,464
	554,029	6.50		2/20/28			609,415
	214,191	6.50		2/20/29			228,101
	358,207	6.50		7/20/34			416,731
	1,935,955	6.50		2/15/35			2,192,614
	16,117	6.50		12/20/38			17,268
	186,945	6.50		1/20/39			218,633
	110,055	6.50		2/20/39			131,485
	238,721	6.50		4/20/39			279,726
	242,825	6.50		6/20/39			279,314
	437,405	6.50		8/20/39			515,729
	253,003	6.50		4/20/43			292,131
	2,811,749	7.00		8/15/29			3,167,776
	2,975,018	7.00		10/15/29			3,355,049
	111,911	7.00		10/15/36			117,493


							37,956,736


	Small Business Administration - 0.5%

	1,300,140	5.33		8/25/36			1,396,020
	663,891	5.33		9/25/36			712,971


							2,108,991


	Total Mortgage Pass-Through Securities						115,048,471

	(cost: $112,803,951)

	U.S. Treasury / Federal Agency Securities - 4.3%
	U.S. Treasury Notes:

	500,000	1.38		11/15/31			494,297
	U.S. Treasury Inflation Indexed Bonds:

	2,234,792	0.13		1/15/23			2,307,947
	15,054,580	0.63		1/15/24			16,021,954


	Total U.S. Treasury / Federal Agency Securities						18,824,198

	(cost: $18,853,945)

	Collateralized Mortgage Obligations - 65.8%

	Federal Home Loan Mortgage Corporation - 11.7%
	68,759	5.00		2/15/23			69,474
	3,121,006	5.00		11/25/50			3,652,638
	2,326,855	5.00		11/25/50	¹		2,695,532
	5,884,729	5.50		6/25/51			6,936,673
	348,022	5.53		5/15/38	¹		377,380
	1,594,303	6.00		1/15/33			1,825,305
	1,588,997	6.00		5/15/36			1,824,274
	1,507,179	6.00		9/15/42			1,729,000
	16,050	6.25		5/15/29			16,837
	36,595	6.50		9/15/23			38,042
	17,390	6.50		3/15/24			18,259


Principal Amount ($)		Coupon Rate (%)	Maturity Date			Fair Value ($)

	287,895	6.50		7/15/27			319,942
	308,416	6.50		2/15/28			338,674
	378,805	6.50		3/15/29			422,510
	10,483	6.50		2/15/30			11,640
	314,159	6.50		1/15/31			351,619
	646,992	6.50		8/15/31			727,748
	137,940	6.50		1/15/32			156,560
	50,956	6.50		3/15/32			58,220
	328,298	6.50		6/25/32			378,090
	165,544	6.50		7/15/32			189,126
	3,599,432	6.50		5/15/33			4,167,873
	712,276	6.50		5/15/35			836,740
	382,023	6.50		8/15/39			446,953
	742,739	6.50		2/25/43			871,674
	446,335	6.50		3/25/43			515,193
	602,058	6.50		7/25/43			718,275
	545,281	6.50		10/25/43			625,111
	2,047,882	6.50		8/15/45			2,408,067
	409,254	6.50		2/15/49			458,019
	5,288	6.70		9/15/23			5,466
	352,031	6.75		3/15/28			392,831
	320,995	6.95		3/15/28			356,041
	4,059	7.00		10/15/22			4,109
	1,171	7.00		11/15/22			1,188
	31,245	7.00		3/25/23			31,794
	2,614	7.00		4/15/23			2,690
	13,181	7.00		7/15/23			13,680
	40,239	7.00		1/15/24			42,033
	20,557	7.00		3/15/24			21,441
	45,775	7.00		8/15/25			49,187
	33,762	7.00		9/15/26			36,661
	84,912	7.00		6/15/29			95,604
	205,669	7.00		8/15/29			233,225
	265,822	7.00		10/20/29			302,187
	45,900	7.00		1/15/30			52,961
	144,950	7.00		10/15/30			169,042
	112,105	7.00		7/15/31			129,338
	56,577	7.00		4/15/32			63,379
	381,006	7.00		5/15/32			445,550
	1,953,359	7.00		8/15/41			2,273,041
	3,144,318	7.00		2/25/43			3,735,933
	574,703	7.00		3/25/43			667,899
	805,131	7.00		7/25/43			958,231
	611,839	7.00		3/15/49			710,623
	2,468	7.50		7/15/22			2,481
	21,356	7.50		3/15/23			21,984
	97,958	7.50		4/15/23			100,917
	27,590	7.50		9/20/26			30,528
	138,439	7.50		3/15/28			156,419
	233,659	7.50		9/15/29			271,072
	75,328	7.50		12/15/29			85,007
	133,264	7.50		6/15/30			155,236
	208,517	7.50		8/15/30			240,620
	278,805	7.50		9/15/30			327,887
	73,489	7.50		11/15/30			84,866
	2,111,082	7.50		6/15/34			2,550,579
	1,231,543	7.50		8/25/42	¹		1,595,322
	711,526	7.50		9/25/43			820,050
	101,422	8.00		2/15/23			104,468
	11,422	8.00		4/25/24			11,887
	81,468	8.00		2/15/27			91,669

SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2021

Sit U.S. Government Securities Fund (Continued)


Principal Amount ($)		Coupon Rate (%)	Maturity Date			Fair Value ($)

	99,743	8.00		11/20/29			115,033
	115,730	8.00		1/15/30			134,700
	694	8.25		6/15/22			702
	56,188	8.50		3/15/25			61,719
	19,035	8.50		3/15/32			22,477


							50,965,205

	Federal National Mortgage Association - 17.4%
	412,876	1.60		7/25/37	¹		403,632
	439,131	2.94		8/25/43	¹		460,536
	191,445	4.55		6/25/43			207,424
	1,782,828	5.00		7/25/40			1,996,327
	351,771	5.00		11/25/41			390,874
	556,145	5.00		6/25/43			608,162
	2,198,751	5.00		11/25/50			2,532,317
	2,706,672	5.00		12/25/50			3,156,078
	2,050,620	5.20		2/25/42	¹		2,218,617
	1,376,017	5.33		10/25/42	¹		1,561,300
	531,378	5.36		6/25/42			595,618
	2,442,373	5.46		12/25/42	¹		2,650,023
	649,343	5.50		9/25/33			726,682
	2,960,689	5.50		6/25/40			3,336,430
	896,977	5.62		12/25/53	¹		1,037,456
	629,943	5.81		8/25/43			698,588
	997,539	6.00		5/25/30			1,112,803
	1,730,329	6.00		5/25/36			2,019,572
	228,300	6.00		6/25/36			261,079
	1,764,682	6.00		11/25/43			1,995,811
	829,769	6.00		9/25/46			918,800
	1,146,555	6.00		2/25/48			1,296,413
	916,179	6.28		8/25/47	¹		1,026,259
	165,247	6.50		8/20/28			179,089
	981,026	6.50		1/25/32			1,135,124
	150,706	6.50		3/25/32			173,861
	234,365	6.50		6/25/32			268,603
	198,207	6.50		7/25/36			232,596
	57,100	6.50		9/25/36			66,668
	1,686,488	6.50		11/25/41			1,903,732
	208,086	6.50		3/25/42			232,693
	1,009,551	6.50		5/25/42			1,192,421
	2,822,516	6.50		7/25/42			3,052,854
	243,827	6.50		9/25/42			277,936
	570,742	6.50		11/25/42			642,695
	516,633	6.50		7/25/44			535,570
	211,482	6.50		2/25/45	¹		246,163
	292,725	6.64		9/25/37	¹		356,254
	2,030,278	6.75		6/25/32			2,371,809
	442,967	6.75		4/25/37			474,221
	51,636	6.85		12/18/27			56,283
	311,314	6.89		8/25/37	¹		340,179
	258	7.00		7/25/22			260
	2,963	7.00		11/25/22			3,022
	2,436	7.00		12/25/22			2,475
	4,425	7.00		6/25/23			4,575
	179,995	7.00		4/25/24			187,456
	108,096	7.00		9/18/27			119,805
	1,282,747	7.00		5/25/31			1,354,798
	1,029,367	7.00		12/25/33			1,187,543
	102,302	7.00		9/25/40			117,726
	380,518	7.00		10/25/41			427,197
	146,076	7.00		11/25/41			173,846
	264,577	7.00		12/25/41			304,802


Principal Amount ($)		Coupon Rate (%)	Maturity Date			Fair Value ($)

	856,082	7.00		7/25/42			1,005,209
	1,714,744	7.00		2/25/44			1,983,169
	87,371	7.00		8/25/44			102,553
	21,094	7.50		8/20/27			23,580
	179,939	7.50		10/25/40			198,307
	1,255,935	7.50		11/25/40			1,320,893
	676,012	7.50		6/19/41	¹		780,979
	1,224,578	7.50		7/25/41			1,433,469
	697,607	7.50		8/25/41			790,739
	242,681	7.50		11/25/41			289,191
	459,261	7.50		1/25/42			536,814
	3,089,193	7.50		5/25/42			3,641,303
	273,656	7.50		6/25/42			320,722
	2,816,255	7.50		8/25/42	¹		3,408,844
	964,213	7.50		2/25/44			1,118,486
	443,445	7.50		3/25/44			506,710
	658,281	7.50		5/25/44			788,051
	41,362	7.50		10/25/44			48,878
	3,791,926	7.50		1/25/48			4,507,482
	3,114	8.00		7/25/22			3,153
	28,092	8.00		7/18/27			31,128
	305,149	8.00		7/25/44			346,816
	408,182	8.01		11/25/37	¹		478,763
	210,952	8.11		11/25/37	¹		247,897
	36,196	8.34		10/25/42	¹		43,492
	4,484	8.50		1/25/25			4,849
	358,594	8.50		6/25/30			424,625
	1,109	9.00		8/25/22			1,124
	38,272	9.00		11/25/28			43,946
	247,776	9.00		6/25/30			298,970
	46,283	9.00		10/25/30			55,725
	64,809	9.43		6/25/32	¹		74,855
	59,414	9.50		11/25/31			71,263
	182,581	9.50		12/25/41			217,614
	235,728	10.20		6/25/44	¹		262,159
	826,295	11.25		9/25/42	¹		1,051,910
	12,764	21.40		3/25/39	¹		19,302


							75,316,027

	Government National Mortgage Association - 35.4%
	1,571,830	4.73		5/20/51	¹		1,775,664
	1,964,294	4.76		5/20/51	¹		2,225,598
	3,900,104	4.90		8/20/51	¹		4,421,723
	4,798,854	4.94		4/20/51	¹		5,418,040
	2,663,939	4.95		7/20/51	¹		3,029,557
	3,378,242	5.00		12/20/50			3,890,113
	21,918,109	5.00		2/20/51			25,389,493
	500,000	5.50		9/20/39			576,168
	7,592,236	5.50		10/20/50			8,863,063
	2,066,010	5.50		11/20/50			2,410,104
	3,606,167	5.50		1/20/51			4,287,088
	17,126,037	5.50		5/20/51			19,649,187
	3,798,616	5.50		6/20/51			4,320,045
	12,611,667	5.50		7/20/51			14,535,751
	5,872,486	5.50		11/20/51			6,972,721
	297,644	5.54		4/20/48	¹		334,513
	4,124,793	5.58		4/20/40	¹		4,717,724
	4,272,114	5.80		3/20/45	¹		4,866,023
	8,954,393	5.85		2/20/51	¹		10,641,278
	736,073	5.92		10/20/40	¹		847,637
	410,167	5.99		11/20/43	¹		468,776
	1,457,418	6.00		11/20/33			1,564,892


DECEMBER 31, 2021		3

SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2021

Sit U.S. Government Securities Fund (Continued)


Principal Amount ($)		Coupon Rate (%)		Maturity Date			Fair Value ($)

	434,776		6.00		12/20/35			492,566
	273,738		6.00		3/20/42			316,019
	371,641		6.00		3/20/48			416,639
	2,051,631		6.00		3/20/49			2,265,348
	624,421		6.00		5/20/49			684,089
	1,669,260		6.13		1/20/39	¹		1,958,091
	308,681		6.43		4/20/37	¹		337,231
	1,517,630		6.47		6/20/41	¹		1,746,729
	1,016,126		6.50		7/20/32			1,014,816
	1,011,418		6.50		2/20/37			1,125,033
	203,967		6.50		9/16/38			224,806
	1,908,717		6.50		8/20/48			2,169,187
	850,851		6.50		10/20/48			952,938
	1,327,198		6.50		1/20/49			1,471,994
	496,930		6.57		7/20/39	¹		570,900
	425,292		6.65		4/20/39	¹		494,417
	756,933		6.85		8/20/40	¹		871,134
	405,355		6.99		6/20/45	¹		460,757
	113,544		7.00		9/16/33			123,326
	303,831		7.00		5/20/42			355,893
	871,304		7.00		10/20/48			956,992
	419,466		7.09		2/20/45	¹		499,585
	860,230		7.10		12/20/38	¹		995,138
	486,651		7.15		12/20/33	¹		557,534
	1,229,647		7.32		8/20/38	¹		1,427,665


								153,693,985

	Vendee Mortgage Trust - 1.3%
	967,134		6.04		3/15/25	¹		1,086,006
	702,229		6.50		2/15/24			734,402
	1,342,901		6.50		8/15/31			1,479,314
	647,246		6.50		10/15/31			748,185
	473,115		6.75		2/15/26			519,913
	539,585		7.00		3/15/28			588,257
	22,935		7.25		9/15/22			23,145
	136,419		7.25		9/15/25			148,732
	59,405		7.75		5/15/22			59,573
	154,487		7.75		9/15/24			164,404
	69,836		8.00		2/15/25			74,293
	59,420		8.29		12/15/26			65,867


								5,692,091

	Total Collateralized Mortgage Obligations							285,667,308

	(cost: $283,473,029)

	Asset-Backed Securities - 1.3%

	Federal Home Loan Mortgage Corporation - 0.2%
	352		6.09		9/25/29	¹		352
	679,418		7.16		7/25/29			770,658


								771,010

	Federal National Mortgage Association - 0.6%
	10,870		1 Mo. Libor + 0.17%, 0.27		11/25/32	¹		10,660
	506,180		4.40		11/25/33	¹⁴		560,983
	302,495		4.59		9/26/33	¹⁴		322,414
	104,093		4.80		10/25/33	¹⁴		117,212
	1,593,619		5.71		2/25/33	¹⁴		1,826,668
	3,256		6.00		5/25/32	¹⁴		3,508
	75,874		6.09		10/25/31	¹⁴		80,487
	3,388		7.80		6/25/26	¹		3,701


								2,925,633


Principal Amount ($)		Coupon Rate (%)		Maturity Date		Fair Value ($)

	Small Business Administration - 0.5%
	212,087		5.78		8/1/27		228,028
	952,847		5.87		7/1/28		1,029,522
	818,427		6.02		8/1/28		891,250


							2,148,800


	Total Asset-Backed Securities						5,845,443

	(cost: $5,421,872)

	Put Options Purchased ¹⁹ - 0.2% (cost: $1,631,036)						877,211


Quantity		Name of Issuer				Fair Value ($)

	Short-Term Securities - 1.1%
	4,846,814		Fidelity Inst. Money Mkt. Gvt. Fund, 0.01%				4,846,814


	(cost: $4,846,814)

	Total Investments in Securities - 99.2% (cost: $427,030,647)						431,109,445


	Other Assets and Liabilities - 0.8%						3,377,163


	Total Net Assets - 100.0%					$	434,486,608

Variable rate security. Rate disclosed is as of December 31, 2021. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions, or, for mortgage-backed securities, are impacted by the individual mortgages which are paying off over time. These securities do not indicate a reference rate and spread in their descriptions.

¹⁴	Step Coupon: A bond that pays a coupon rate that increases on a specified date(s). Rate disclosed is as of December 31, 2021.

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

SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2021

Sit U.S. Government Securities Fund (Continued)

¹⁹	Options outstanding as of December 31, 2021 were as follows:


Description	Contracts	Exercise Price ($)		Expiration Date	Counterparty	Notional Amount ($)		Cost/ Premiums ($)		Value ($)

Put Options Purchased - U.S. Treasury Futures:

5-Year	663		121.25	February 2022	StoneX Financial, Inc.		80,388,750		740,792	471,352

5-Year	250		121.50	February 2022	StoneX Financial, Inc.		30,375,000		248,554	212,890

10-Year	650		128.50	February 2022	StoneX Financial, Inc.		83,525,000		641,690	192,969

Total							194,288,750		1,631,036	877,211

A summary of the levels for the Fund’s investments as of December 31, 2021 is as follows:


			Investment in Securities

	Level 1		Level 2		Level 3
	Quoted Prices ($)		Other significant observable inputs ($)		Significant unobservable inputs ($)		Total ($)
Mortgage Pass-Through Securities		—		115,048,471		—	115,048,471
U.S. Treasury / Federal Agency Securities		—		18,824,198		—	18,824,198
Collateralized Mortgage Obligations		—		285,667,308		—	285,667,308
Asset-Backed Securities		—		5,845,443		—	5,845,443
Put Options Purchased		877,211		—		—	877,211
Short-Term Securities		4,846,814		—		—	4,846,814
Total:		5,724,025		425,385,420		—	431,109,445

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.


DECEMBER 31, 2021		5

Sit U.S. Government Securities Fund (SNGVX) NPORT-PSit U S Government Securities Fund Inc (Dec 2021 report)