SCHEDULE OF INVESTMENTS (Unaudited) March 31, 2021
Sit Global Dividend Growth Fund Investments are grouped by geographic region. |
Name of Issuer |
Quantity | Fair Value ($) | ||||||
Common Stocks - 97.9% | ||||||||
Asia - 7.4% | ||||||||
Australia - 4.0% | ||||||||
Atlassian Corp., PLC * | 3,925 | 827,233 | ||||||
BHP Group, Ltd., ADR | 6,150 | 426,748 | ||||||
Macquarie Group, Ltd. | 3,900 | 452,720 | ||||||
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1,706,701 | ||||||||
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Japan - 2.3% | ||||||||
Astellas Pharma, Inc. | 29,900 | 459,605 | ||||||
Recruit Holdings Co., Ltd. | 10,800 | 526,808 | ||||||
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986,413 | ||||||||
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Singapore - 1.1% | ||||||||
Singapore Technologies Engineering, Ltd. | 158,600 | 458,634 | ||||||
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Europe - 30.0% | ||||||||
France - 0.4% | ||||||||
Safran SA, ADR * | 4,900 | 166,796 | ||||||
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Germany - 5.1% | ||||||||
adidas AG * | 1,385 | 432,359 | ||||||
Allianz SE, ADR | 35,000 | 895,300 | ||||||
Muenchener Rueckversicherungs AG | 650 | 200,168 | ||||||
Siemens AG | 3,675 | 603,354 | ||||||
Siemens Energy AG * | 1,600 | 57,434 | ||||||
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2,188,615 | ||||||||
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Ireland - 5.3% | ||||||||
Accenture, PLC | 3,675 | 1,015,219 | ||||||
Linde, PLC | 700 | 196,098 | ||||||
Medtronic, PLC | 4,575 | 540,445 | ||||||
Trane Technologies, PLC | 2,950 | 488,402 | ||||||
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2,240,164 | ||||||||
�� |
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Spain - 1.8% | ||||||||
Iberdrola SA | 60,400 | 778,079 | ||||||
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Sweden - 0.4% | ||||||||
Telefonaktiebolaget LM Ericsson, ADR | 13,300 | 175,427 | ||||||
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Switzerland - 8.5% | ||||||||
Chubb, Ltd. | 1,750 | 276,448 | ||||||
Logitech International SA | 9,625 | 1,005,812 | ||||||
Lonza Group AG | 1,200 | 670,878 | ||||||
Nestle SA | 6,450 | 718,873 | ||||||
Partners Group Holding AG | 725 | 925,858 | ||||||
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3,597,869 | ||||||||
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United Kingdom - 8.5% | ||||||||
AstraZeneca, PLC, ADR | 15,400 | 765,688 | ||||||
BAE Systems, PLC | 74,675 | 519,882 | ||||||
Diageo, PLC, ADR | 4,225 | 693,787 | ||||||
HomeServe, PLC | 33,725 | 558,384 |
Name of Issuer |
Quantity | Fair Value ($) | ||||||
London Stock Exchange Group, PLC | 6,875 | 657,765 | ||||||
RELX, PLC | 17,550 | 440,843 | ||||||
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3,636,349 | ||||||||
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North America - 60.5% | ||||||||
United States - 60.5% | ||||||||
Abbott Laboratories | 7,400 | 886,816 | ||||||
AbbVie, Inc. | 3,975 | 430,175 | ||||||
Alphabet, Inc. - Class A * | 450 | 928,134 | ||||||
Apple, Inc. | 19,200 | 2,345,280 | ||||||
Applied Materials, Inc. | 8,175 | 1,092,180 | ||||||
Arthur J Gallagher & Co. | 3,775 | 471,007 | ||||||
Bank of America Corp. | 16,300 | 630,647 | ||||||
Broadcom, Inc. | 1,825 | 846,180 | ||||||
Constellation Brands, Inc. | 2,750 | 627,000 | ||||||
CVS Health Corp. | 7,600 | 571,748 | ||||||
Euronet Worldwide, Inc. * | 2,800 | 387,240 | ||||||
FedEx Corp. | 1,950 | 553,878 | ||||||
Goldman Sachs Group, Inc. | 1,400 | 457,800 | ||||||
Home Depot, Inc. | 2,550 | 778,388 | ||||||
Honeywell International, Inc. | 3,200 | 694,624 | ||||||
Johnson & Johnson | 6,925 | 1,138,124 | ||||||
JPMorgan Chase & Co. | 7,350 | 1,118,890 | ||||||
Lockheed Martin Corp. | 1,565 | 578,268 | ||||||
McDonald’s Corp. | 1,860 | 416,900 | ||||||
Microsoft Corp. | 11,675 | 2,752,615 | ||||||
Mondelez International, Inc. | 7,100 | 415,563 | ||||||
Otis Worldwide Corp. | 3,875 | 265,244 | ||||||
PepsiCo, Inc. | 5,775 | 816,874 | ||||||
Scotts Miracle-Gro Co. | 2,675 | 655,295 | ||||||
Sherwin-Williams Co. | 800 | 590,408 | ||||||
Starbucks Corp. | 6,000 | 655,620 | ||||||
T Rowe Price Group, Inc. | 4,250 | 729,300 | ||||||
Thermo Fisher Scientific, Inc. | 1,175 | 536,246 | ||||||
Union Pacific Corp. | 4,050 | 892,660 | ||||||
UnitedHealth Group, Inc. | 1,625 | 604,614 | ||||||
Verizon Communications, Inc. | 11,200 | 651,280 | ||||||
Waste Management, Inc. | 5,100 | 658,002 | ||||||
WEC Energy Group, Inc. | 6,150 | 575,578 | ||||||
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25,752,578 | ||||||||
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Total Common Stocks | 41,687,625 | |||||||
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MARCH 31, 2021 | 1 |
SCHEDULE OF INVESTMENTS (Unaudited) March 31, 2021
Sit Global Dividend Growth Fund (Continued) |
Name of Issuer |
Quantity | Fair Value ($) | ||||||
Short-Term Securities - 2.0% | ||||||||
Fidelity Inst. Money Mkt. Gvt. Fund, 0.01% | 855,662 | 855,662 | ||||||
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| |||||||
Total Investments in Securities - 99.9% | 42,543,287 | |||||||
Other Assets and Liabilities, net - 0.1% | 25,297 | |||||||
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Total Net Assets - 100.0% | $ | 42,568,584 | ||||||
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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.
Portfolio Structure - By Sector | (% of Total Net Assets) | |||
Finance | 16.0 | % | ||
Technology Services | 15.1 | |||
Electronic Technology | 12.8 | |||
Health Technology | 12.8 | |||
Producer Manufacturing | 9.0 | |||
Consumer Non-Durables | 8.7 | |||
Consumer Services | 3.6 | |||
Transportation | 3.4 | |||
Process Industries | 3.4 | |||
Utilities | 3.2 | |||
Retail Trade | 3.2 | |||
Industrial Services | 1.5 | |||
Communications | 1.5 | |||
Health Services | 1.4 | |||
Commercial Services | 1.3 | |||
Non-Energy Minerals | 1.0 | |||
Short-Term Securities | 2.0 | |||
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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 March 31, 2021 is as follows:
Investment in Securities | ||||||||||||||||
Level 1 Quoted Price ($) | Level 2 Other significant | Level 3 Significant unobservable inputs ($) | Total ($) | |||||||||||||
Common Stocks | ||||||||||||||||
Australia | 1,706,701 | — | — | 1,706,701 | ||||||||||||
France | 166,796 | — | — | 166,796 | ||||||||||||
Germany | 2,188,615 | — | — | 2,188,615 | ||||||||||||
Ireland | 2,240,164 | — | — | 2,240,164 | ||||||||||||
Japan | 986,413 | — | — | 986,413 | ||||||||||||
Singapore | 458,634 | — | — | 458,634 | ||||||||||||
Spain | 778,079 | — | — | 778,079 | ||||||||||||
Sweden | 175,427 | — | — | 175,427 | ||||||||||||
Switzerland | 3,597,869 | �� | — | — | 3,597,869 | |||||||||||
United Kingdom | 3,636,349 | — | — | 3,636,349 | ||||||||||||
United States | 25,752,578 | — | — | 25,752,578 | ||||||||||||
Short-Term Securities | 855,662 | — | — | 855,662 | ||||||||||||
Total: | 42,543,287 | — | — | 42,543,287 |
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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