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SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2019
Sit ESG Growth Fund
Investments are grouped by geographic region
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Name of Issuer | Quantity | Fair Value ($) | ||||||
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Common Stocks - 95.6% | ||||||||
Asia - 8.0% | ||||||||
Japan - 8.0% | ||||||||
Astellas Pharma, Inc. | 4,500 | 64,030 | ||||||
Keyence Corp. | 100 | 61,873 | ||||||
Recruit Holdings Co., Ltd. | 3,100 | 94,211 | ||||||
Shiseido Co., Ltd. | 1,100 | 87,786 | ||||||
Sony Corp., ADR | 1,925 | 113,825 | ||||||
Terumo Corp. | 2,600 | 83,681 | ||||||
505,406 | ||||||||
Europe - 32.8% | ||||||||
Germany - 6.7% | ||||||||
adidas AG, ADR | 650 | 101,205 | ||||||
Allianz SE, ADR | 9,900 | 229,680 | ||||||
Siemens AG, ADR | 1,725 | 92,434 | ||||||
423,319 | ||||||||
Ireland - 5.2% | ||||||||
Accenture, PLC | 575 | 110,601 | ||||||
CRH, PLC, ADR | 1,200 | 41,232 | ||||||
Ingersoll-Rand, PLC | 1,400 | 172,494 | ||||||
324,327 | ||||||||
Netherlands - 2.0% | ||||||||
ING Groep NV, ADR | 12,075 | 126,184 | ||||||
Spain - 3.9% | ||||||||
Iberdrola SA, ADR | 4,050 | 168,358 | ||||||
Industria de Diseno Textil SA | 2,575 | 79,708 | ||||||
248,066 | ||||||||
Switzerland - 7.6% | ||||||||
Logitech International SA | 1,550 | 63,147 | ||||||
Lonza Group AG* | 320 | 108,179 | ||||||
Nestle SA, ADR | 1,425 | 154,470 | ||||||
Novartis AG, ADR | 1,800 | 156,420 | ||||||
482,216 | ||||||||
United Kingdom - 7.4% | ||||||||
AstraZeneca, PLC, ADR | 2,950 | 131,482 | ||||||
Coca-Cola European Partners, PLC | 2,100 | 116,445 | ||||||
Diageo, PLC, ADR | 660 | 107,923 | ||||||
RELX, PLC, ADR | 4,700 | 111,484 | ||||||
467,334 | ||||||||
North America - 54.8% | ||||||||
Canada - 2.0% | ||||||||
Suncor Energy, Inc. | 4,000 | 126,320 | ||||||
United States - 52.8% | ||||||||
3M Co. | 400 | 65,760 | ||||||
Adobe, Inc.* | 410 | 113,263 | ||||||
Allstate Corp. | 525 | 57,057 | ||||||
Alphabet, Inc. - Class A* | 125 | 152,642 | ||||||
Apple, Inc. | 800 | 179,176 |
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Name of Issuer | Quantity | Fair Value ($) | ||||||
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Baxter International, Inc. | 850 | 74,350 | ||||||
Boston Scientific Corp.* | 3,000 | 122,070 | ||||||
ConocoPhillips | 1,250 | 71,225 | ||||||
Delta Air Lines, Inc. | 1,500 | 86,400 | ||||||
Ecolab, Inc. | 775 | 153,480 | ||||||
Facebook, Inc.* | 620 | 110,410 | ||||||
Goldman Sachs Group, Inc. | 600 | 124,338 | ||||||
HCA Healthcare, Inc. | 375 | 45,158 | ||||||
Home Depot, Inc. | 745 | 172,855 | ||||||
Intel Corp. | 2,425 | 124,960 | ||||||
Johnson & Johnson | 975 | 126,146 | ||||||
JPMorgan Chase & Co. | 1,075 | 126,517 | ||||||
Lockheed Martin Corp. | 185 | 72,161 | ||||||
Microsoft Corp. | 2,000 | 278,060 | ||||||
NIKE, Inc. | 700 | 65,744 | ||||||
PepsiCo, Inc. | 875 | 119,962 | ||||||
salesforce.com, Inc.* | 850 | 126,174 | ||||||
Starbucks Corp. | 1,600 | 141,472 | ||||||
T Rowe Price Group, Inc. | 1,175 | 134,244 | ||||||
TJX Cos., Inc. | 1,380 | 76,921 | ||||||
UnitedHealth Group, Inc. | 500 | 108,660 | ||||||
Verizon Communications, Inc. | 2,600 | 156,936 | ||||||
Visa, Inc. | 875 | 150,510 | ||||||
3,336,651 | ||||||||
Total Common Stocks | 6,039,823 | |||||||
Short-Term Securities - 4.3% | ||||||||
Fidelity Inst. Money Mkt. Gvt. Fund, 1.86% | 272,559 | 272,559 | ||||||
(cost: $272,559) | ||||||||
Total Investments in Securities - 99.9% | 6,312,382 | |||||||
Other Assets and Liabilities, net - 0.1% | 7,830 | |||||||
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Total Net Assets - 100.0% | $6,320,212 | |||||||
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* | Non-income producing security. |
ADR — American Depositary Receipt
PLC — Public Limited Company
Numeric footnotes not disclosed are not applicable to this Schedule of Investments
SEPTEMBER 30, 2019 | 1 |
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SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2019
Sit ESG Growth Fund (Continued)
Portfolio Structure - By Sector | (% of Total Net Assets) | |||
Technology Services | 15.6 | % | ||
Health Technology | 13.7 | |||
Finance | 12.6 | |||
ConsumerNon-Durables | 11.9 | |||
Electronic Technology | 6.8 | |||
Consumer Services | 6.4 | |||
Producer Manufacturing | 6.4 | |||
Retail Trade | 4.0 | |||
Energy Minerals | 3.1 | |||
Consumer Durables | 3.1 | |||
Utilities | 2.7 | |||
Communications | 2.5 | |||
Health Services | 2.4 | |||
Process Industries | 2.4 | |||
Transportation | 1.4 | |||
Non-Energy Minerals | 0.6 | |||
Short-Term Securities | 4.3 | |||
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99.9 | ||||
Other Assets and Liabilities, net | 0.1 | |||
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100.0 | % | |||
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A summary of the levels for the Fund’s investments as of September 30, 2019 is as follows:
Investment in Securities | ||||||||||||||||
Level 1 Quoted Price ($) |
Level 2 Other significant observable inputs ($) | Level 3 Significant unobservable inputs ($) | Total ($) | |||||||||||||
Common Stocks | ||||||||||||||||
Canada | 126,320 | — | — | 126,320 | ||||||||||||
Germany | 423,319 | — | — | 423,319 | ||||||||||||
Ireland | 324,327 | — | — | 324,327 | ||||||||||||
Japan | 505,406 | — | — | 505,406 | ||||||||||||
Netherlands | 126,184 | — | — | 126,184 | ||||||||||||
Spain | 248,066 | — | — | 248,066 | ||||||||||||
Switzerland | 482,216 | — | — | 482,216 | ||||||||||||
United Kingdom | 467,334 | — | — | 467,334 | ||||||||||||
United States | 3,336,651 | — | — | 3,336,651 | ||||||||||||
Short-Term Securities | 272,559 | — | — | 272,559 | ||||||||||||
Total: | 6,312,382 | — | — | 6,312,382 |
Level 1 securities of foreign issuers are primarily American Depositary Receipts (ADRs), Public Limited Companies (PLCs) or Global Depositary Receipts (GDRs). There were no transfers into or out of level 3 during the reporting period
For additional information about significant accounting policies, including valuation of investments, refer to the Fund’s most recent annual report.
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