SCHEDULE OF INVESTMENTS (Unaudited) March 31, 2020
Sit ESG Growth Fund Investments are grouped by geographic region. |
Name of Issuer |
Quantity | Fair Value ($) | ||||||
Common Stocks - 95.5% | ||||||||
Asia - 9.4% | ||||||||
Japan - 8.6% | ||||||||
Astellas Pharma, Inc. | 4,500 | 69,333 | ||||||
Keyence Corp. | 200 | 64,303 | ||||||
Recruit Holdings Co., Ltd. | 3,100 | 80,077 | ||||||
Shiseido Co., Ltd. | 1,100 | 64,650 | ||||||
Sony Corp., ADR | 1,925 | 113,922 | ||||||
Terumo Corp. | 2,600 | 89,080 | ||||||
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481,365 | ||||||||
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| |||||||
Singapore - 0.8% | ||||||||
Singapore Technologies Engineering, Ltd. | 21,500 | 47,038 | ||||||
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Europe - 31.9% | ||||||||
France- 0.9% | ||||||||
Safran SA, ADR | 900 | 19,629 | ||||||
Sanofi, ADR | 700 | 30,604 | ||||||
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50,233 | ||||||||
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Germany - 4.9% | ||||||||
adidas AG, ADR | 650 | 72,455 | ||||||
Allianz SE, ADR* | 8,800 | 149,160 | ||||||
Siemens AG, ADR | 1,175 | 49,350 | ||||||
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270,965 | ||||||||
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Ireland - 4.9% | ||||||||
Accenture, PLC | 575 | 93,874 | ||||||
CRH, PLC, ADR | 1,200 | 32,208 | ||||||
Ingersoll Rand, PLC* | 1,235 | 30,628 | ||||||
Trane Technologies, PLC | 1,400 | 115,626 | ||||||
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272,336 | ||||||||
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Spain - 4.0% | ||||||||
Iberdrola SA, ADR | 4,050 | 157,575 | ||||||
Industria de Diseno Textil SA | 2,575 | 66,728 | ||||||
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224,303 | ||||||||
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Switzerland - 8.8% | ||||||||
Logitech International SA | 1,550 | 66,542 | ||||||
Lonza Group AG | 320 | 131,624 | ||||||
Nestle SA, ADR | 1,425 | 146,761 | ||||||
Novartis AG, ADR | 1,800 | 148,410 | ||||||
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493,337 | ||||||||
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United Kingdom - 8.4% | ||||||||
AstraZeneca, PLC, ADR | 2,950 | 131,747 | ||||||
BAE Systems, PLC, ADR | 2,300 | 58,765 | ||||||
Coca-Cola European Partners, PLC | 2,100 | 78,813 | ||||||
Diageo, PLC, ADR | 785 | 99,789 | ||||||
RELX, PLC, ADR | 4,700 | 100,580 | ||||||
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| |||||||
469,694 | ||||||||
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|
Name of Issuer |
Quantity | Fair Value ($) | ||||||
North America - 54.2% | ||||||||
Canada - 1.0% | ||||||||
Suncor Energy, Inc. | 3,500 | 55,300 | ||||||
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| |||||||
United States - 53.2% | ||||||||
3M Co. | 400 | 54,604 | ||||||
Adobe, Inc.* | 410 | 130,478 | ||||||
Allstate Corp. | 675 | 61,918 | ||||||
Alphabet, Inc. - Class A* | 125 | 145,244 | ||||||
Apple, Inc. | 800 | 203,432 | ||||||
Baxter International, Inc. | 850 | 69,011 | ||||||
Boston Scientific Corp.* | 1,650 | 53,839 | ||||||
ConocoPhillips | 1,250 | 38,500 | ||||||
Ecolab, Inc. | 775 | 120,768 | ||||||
Facebook, Inc.* | 845 | 140,946 | ||||||
FedEx Corp. | 90 | 10,913 | ||||||
Goldman Sachs Group, Inc. | 600 | 92,754 | ||||||
Home Depot, Inc. | 745 | 139,099 | ||||||
Intel Corp. | 2,125 | 115,005 | ||||||
Johnson & Johnson | 975 | 127,852 | ||||||
JPMorgan Chase & Co. | 1,075 | 96,782 | ||||||
Lockheed Martin Corp. | 185 | 62,706 | ||||||
Microsoft Corp. | 2,000 | 315,420 | ||||||
NIKE, Inc. | 925 | 76,534 | ||||||
PepsiCo, Inc. | 875 | 105,087 | ||||||
salesforce.com, Inc.* | 850 | 122,383 | ||||||
Starbucks Corp. | 1,600 | 105,184 | ||||||
T Rowe Price Group, Inc. | 1,175 | 114,739 | ||||||
TJX Cos., Inc. | 1,380 | 65,978 | ||||||
UnitedHealth Group, Inc. | 500 | 124,690 | ||||||
Verizon Communications, Inc. | 2,600 | 139,698 | ||||||
Visa, Inc. | 875 | 140,980 | ||||||
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2,974,544 | ||||||||
|
| |||||||
Total Common Stocks |
| 5,339,115 | ||||||
|
| |||||||
Short-Term Securities - 3.2% | ||||||||
Fidelity Inst. Money Mkt. Gvt. Fund, 0.30% | 180,442 | 180,442 | ||||||
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| |||||||
(cost: $180,442) | ||||||||
Total Investments in Securities - 98.7% |
| 5,519,557 | ||||||
Other Assets and Liabilities, net - 1.3% | 69,882 | |||||||
|
| |||||||
Total Net Assets - 100.0% | $5,589,439 | |||||||
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|
* | Non-income producing security. |
ADR — American Depositary Receipt
PLC — Public Limited Company
Numeric footnotes not disclosed are not applicable to this Schedule of Investments
MARCH 31, 2020 | 1 |
SCHEDULE OF INVESTMENTS (Unaudited) March 31, 2020
Sit ESG Growth Fund (Continued) |
Portfolio Structure - By Sector | (% of Total Net Assets) | |||
Technology Services | 18.4 | % | ||
Health Technology | 15.2 | |||
ConsumerNon-Durables | 11.5 | |||
Finance | 9.2 | |||
Electronic Technology | 8.0 | |||
Producer Manufacturing | 7.9 | |||
Consumer Services | 6.2 | |||
Retail Trade | 3.7 | |||
Consumer Durables | 3.2 | |||
Utilities | 2.8 | |||
Communications | 2.5 | |||
Health Services | 2.2 | |||
Process Industries | 2.2 | |||
Energy Minerals | 1.7 | |||
Non-Energy Minerals | 0.6 | |||
Transportation | 0.2 | |||
Short-Term Securities | 3.2 | |||
|
|
| ||
98.7 | ||||
Other Assets and Liabilities, net | 1.3 | |||
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100.0 | % | |||
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A summary of the levels for the Fund’s investments as of March 31, 2020 is as follows:
Investment in Securities | ||||||||||||||
Level 1 Quoted Price ($) | Level 2 Other significant observable inputs ($) | Level 3 Significant unobservable inputs ($) | Total ($) | |||||||||||
Common Stocks | ||||||||||||||
Canada | 55,300 | — | — | 55,300 | ||||||||||
France | 50,233 | — | — | 50,233 | ||||||||||
Germany | 270,965 | — | — | 270,965 | ||||||||||
Ireland | 272,336 | — | — | 272,336 | ||||||||||
Japan | 113,922 | 367,443 | — | 481,365 | ||||||||||
Singapore | — | 47,038 | — | 47,038 | ||||||||||
Spain | 157,575 | 66,728 | — | 224,303 | ||||||||||
Switzerland | 361,713 | 131,624 | — | 493,337 | ||||||||||
United Kingdom | 469,694 | — | — | 469,694 | ||||||||||
United States | 2,974,544 | — | — | 2,974,544 | ||||||||||
Short-Term Securities | 180,442 | — | — | 180,442 | ||||||||||
Total: | 4,906,724 | 612,833 | — | 5,519,557 |
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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