SCHEDULE OF INVESTMENTS (Unaudited) March 31, 2021
Sit Dividend Growth Fund Investments are grouped by economic sectors. |
Name of Issuer |
Quantity | Fair Value ($) | ||||||
Common Stocks - 99.3% | ||||||||
Communications - 3.1% | ||||||||
American Tower Corp. | 14,275 | 3,412,581 | ||||||
Verizon Communications, Inc. | 59,300 | 3,448,295 | ||||||
|
| |||||||
6,860,876 | ||||||||
|
| |||||||
Consumer Durables - 1.1% | ||||||||
Activision Blizzard, Inc. | 26,525 | 2,466,825 | ||||||
|
| |||||||
Consumer Non-Durables - 5.9% | ||||||||
Mondelez International, Inc. | 42,950 | 2,513,864 | ||||||
NIKE, Inc. | 15,750 | 2,093,018 | ||||||
PepsiCo, Inc. | 29,500 | 4,172,775 | ||||||
Procter & Gamble Co. | 32,575 | 4,411,632 | ||||||
|
| |||||||
13,191,289 | ||||||||
|
| |||||||
Consumer Services - 3.0% | ||||||||
McDonald’s Corp. | 13,750 | 3,081,925 | ||||||
Visa, Inc. | 17,400 | 3,684,102 | ||||||
|
| |||||||
6,766,027 | ||||||||
|
| |||||||
Electronic Technology - 17.4% | ||||||||
Analog Devices, Inc. | 25,975 | 4,028,203 | ||||||
Apple, Inc. | 90,525 | 11,057,629 | ||||||
Applied Materials, Inc. | 38,700 | 5,170,320 | ||||||
Broadcom, Inc. | 11,725 | 5,436,413 | ||||||
Garmin, Ltd. | 20,200 | 2,663,370 | ||||||
Marvell Technology Group, Ltd. | 33,500 | 1,640,830 | ||||||
Qualcomm, Inc. | 15,400 | 2,041,886 | ||||||
Skyworks Solutions, Inc. | 18,615 | 3,415,480 | ||||||
TE Connectivity, Ltd. | 25,925 | 3,347,177 | ||||||
|
| |||||||
38,801,308 | ||||||||
|
| |||||||
Finance - 17.0% | ||||||||
American Financial Group, Inc. | 24,425 | 2,786,892 | ||||||
Ameriprise Financial, Inc. | 14,375 | 3,341,469 | ||||||
Aon, PLC | 11,850 | 2,726,804 | ||||||
BlackRock, Inc. | 3,015 | 2,273,189 | ||||||
Chubb, Ltd. | 18,000 | 2,843,460 | ||||||
Everest Re Group, Ltd. | 9,725 | 2,409,952 | ||||||
Goldman Sachs Group, Inc. | 9,025 | 2,951,175 | ||||||
JPMorgan Chase & Co. | 24,325 | 3,702,995 | ||||||
M&T Bank Corp. | 23,275 | 3,528,723 | ||||||
MetLife, Inc. | 64,125 | 3,898,159 | ||||||
Morgan Stanley | 43,500 | 3,378,210 | ||||||
Physicians Realty Trust | 35,325 | 624,193 | ||||||
Realty Income Corp. | 39,050 | 2,479,675 | ||||||
Synchrony Financial | 26,375 | 1,072,408 | ||||||
|
| |||||||
38,017,304 | ||||||||
|
|
Name of Issuer |
Quantity | Fair Value ($) | ||||||
Health Services - 1.6% | ||||||||
Quest Diagnostics, Inc. | 3,175 | 407,480 | ||||||
UnitedHealth Group, Inc. | 8,725 | 3,246,311 | ||||||
|
| |||||||
3,653,791 | ||||||||
|
| |||||||
Health Technology - 12.8% | ||||||||
Abbott Laboratories | 29,425 | 3,526,292 | ||||||
AbbVie, Inc. | 30,400 | 3,289,888 | ||||||
Agilent Technologies, Inc. | 18,725 | 2,380,696 | ||||||
AstraZeneca, PLC, ADR | 47,350 | 2,354,242 | ||||||
Bristol-Myers Squibb Co. | 45,350 | 2,862,945 | ||||||
Johnson & Johnson | 36,875 | 6,060,406 | ||||||
Medtronic, PLC | 34,950 | 4,128,644 | ||||||
Sanofi, ADR | 33,275 | 1,645,782 | ||||||
Zimmer Biomet Holdings, Inc. | 15,350 | 2,457,228 | ||||||
|
| |||||||
28,706,123 | ||||||||
|
| |||||||
Industrial Services - 1.9% | ||||||||
Jacobs Engineering Group, Inc. | 16,450 | 2,126,491 | ||||||
TC Energy Corp. | 44,450 | 2,033,588 | ||||||
|
| |||||||
4,160,079 | ||||||||
|
| |||||||
Non-Energy Minerals - 1.6% | ||||||||
BHP Group, Ltd., ADR | 50,225 | 3,485,113 | ||||||
|
| |||||||
Process Industries - 2.1% | ||||||||
Air Products & Chemicals, Inc. | 11,575 | 3,256,510 | ||||||
Mosaic Co. | 47,575 | 1,503,846 | ||||||
|
| |||||||
4,760,356 | ||||||||
|
| |||||||
Producer Manufacturing - 8.1% | ||||||||
Carlisle Cos., Inc. | 8,150 | 1,341,327 | ||||||
Deere & Co. | 5,815 | 2,175,624 | ||||||
Dover Corp. | 20,275 | 2,780,311 | ||||||
Eaton Corp., PLC | 17,600 | 2,433,728 | ||||||
Honeywell International, Inc. | 10,350 | 2,246,674 | ||||||
Parker-Hannifin Corp. | 8,775 | 2,767,898 | ||||||
Raytheon Technologies Corp. | 33,825 | 2,613,658 | ||||||
Siemens AG, ADR | 21,200 | 1,744,675 | ||||||
|
| |||||||
18,103,895 | ||||||||
|
| |||||||
Retail Trade - 5.0% | ||||||||
CVS Health Corp. | 28,400 | 2,136,532 | ||||||
Home Depot, Inc. | 12,275 | 3,746,944 | ||||||
Target Corp. | 17,000 | 3,367,190 | ||||||
TJX Cos., Inc. | 29,700 | 1,964,655 | ||||||
|
| |||||||
11,215,321 | ||||||||
|
| |||||||
Technology Services - 11.0% | ||||||||
Accenture, PLC | 11,650 | 3,218,312 | ||||||
Alphabet, Inc. - Class A * | 1,600 | 3,300,032 | ||||||
Facebook, Inc. * | 7,600 | 2,238,428 |
MARCH 31, 2021 | 1 |
SCHEDULE OF INVESTMENTS (Unaudited) March 31, 2021
Sit Dividend Growth Fund (Continued) |
Name of Issuer |
Quantity | Fair Value ($) | ||||||
Microsoft Corp. | 53,425 | 12,596,012 | ||||||
Oracle Corp. | 47,425 | 3,327,812 | ||||||
|
| |||||||
24,680,596 | ||||||||
|
| |||||||
Transportation - 2.7% | ||||||||
FedEx Corp. | 9,375 | 2,662,875 | ||||||
Union Pacific Corp. | 14,825 | 3,267,578 | ||||||
|
| |||||||
5,930,453 | ||||||||
|
| |||||||
Utilities - 5.0% | ||||||||
Alliant Energy Corp. | 43,375 | 2,349,190 | ||||||
Dominion Energy, Inc. | 36,800 | 2,795,328 | ||||||
Entergy Corp. | 32,025 | 3,185,527 | ||||||
NextEra Energy, Inc. | 38,175 | 2,886,412 | ||||||
|
| |||||||
11,216,457 | ||||||||
|
| |||||||
Total Common Stocks | 222,015,813 | |||||||
|
|
Name of Issuer |
Quantity | Fair Value ($) | ||||||
Short-Term Securities - 0.6% | ||||||||
Fidelity Inst. Money Mkt. Gvt. Fund, 0.01% | 1,340,076 | 1,340,076 | ||||||
|
| |||||||
(cost: $1,340,076) | ||||||||
Total Investments in Securities - 99.9% |
| 223,355,889 | ||||||
Other Assets and Liabilities, net - 0.1% |
| 269,893 | ||||||
|
| |||||||
Total Net Assets - 100.0% |
| $223,625,782 | ||||||
|
|
* | Non-income producing security. |
ADR — American Depositary Receipt
PLC — Public Limited Company
Numeric footnotes not disclosed are not applicable to this Schedule of Investments.
A summary of the levels for the Fund’s investments as of March 31, 2021 is as follows:
Investment in Securities | ||||||||||||
Level 1 Quoted Price ($) | Level 2 Other significant observable inputs ($) | Level 3 Significant unobservable inputs ($) | Total ($) | |||||||||
Common Stocks ** | 222,015,813 | — | — | 222,015,813 | ||||||||
Short-Term Securities | 1,340,076 | — | — | 1,340,076 | ||||||||
Total: | 223,355,889 | — | — | 223,355,889 |
** | 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.
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