SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2021
Sit Dividend Growth Fund
Investments are grouped by economic sectors.
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Name of Issuer | Quantity | Fair Value ($) | ||||||
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Common Stocks - 99.4% | ||||||||
Commercial Services - 0.3% | ||||||||
Equifax, Inc. | 2,550 | 646,221 | ||||||
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Communications - 2.8% | ||||||||
American Tower Corp. | 12,700 | 3,370,707 | ||||||
Verizon Communications, Inc. | 61,075 | 3,298,661 | ||||||
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6,669,368 | ||||||||
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Consumer Durables - 1.0% | ||||||||
Activision Blizzard, Inc. | 30,450 | 2,356,525 | ||||||
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Consumer Non-Durables - 5.7% | ||||||||
Mondelez International, Inc. | 51,025 | 2,968,635 | ||||||
NIKE, Inc. | 13,675 | 1,986,020 | ||||||
PepsiCo, Inc. | 27,300 | 4,106,193 | ||||||
Procter & Gamble Co. | 31,375 | 4,386,225 | ||||||
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13,447,073 | ||||||||
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Consumer Services - 3.1% | ||||||||
McDonald’s Corp. | 13,450 | 3,242,929 | ||||||
Visa, Inc. | 18,000 | 4,009,500 | ||||||
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7,252,429 | ||||||||
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Electronic Technology - 16.2% | ||||||||
Analog Devices, Inc. | 25,300 | 4,237,244 | ||||||
Apple, Inc. | 87,475 | 12,377,712 | ||||||
Applied Materials, Inc. | 37,550 | 4,833,812 | ||||||
Broadcom, Inc. | 12,500 | 6,061,625 | ||||||
Marvell Technology, Inc. | 32,475 | 1,958,567 | ||||||
Qualcomm, Inc. | 14,975 | 1,931,476 | ||||||
Skyworks Solutions, Inc. | 21,050 | 3,468,619 | ||||||
TE Connectivity, Ltd. | 23,200 | 3,183,504 | ||||||
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38,052,559 | ||||||||
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Energy Minerals - 0.4% | ||||||||
ConocoPhillips | 13,075 | 886,093 | ||||||
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Finance - 16.4% | ||||||||
American Financial Group, Inc. | 11,750 | 1,478,502 | ||||||
Ameriprise Financial, Inc. | 13,450 | 3,552,414 | ||||||
BlackRock, Inc. | 2,815 | 2,360,828 | ||||||
Chubb, Ltd. | 17,650 | 3,061,922 | ||||||
Everest Re Group, Ltd. | 11,615 | 2,912,810 | ||||||
Goldman Sachs Group, Inc. | 5,900 | 2,230,377 | ||||||
JPMorgan Chase & Co. | 25,950 | 4,247,756 | ||||||
MetLife, Inc. | 66,725 | 4,118,934 | ||||||
Morgan Stanley | 40,375 | 3,928,891 | ||||||
Realty Income Corp. | 52,500 | 3,405,150 | ||||||
STORE Capital Corp. | 95,025 | 3,043,651 | ||||||
Truist Financial Corp. | 69,800 | 4,093,770 | ||||||
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38,435,005 | ||||||||
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Health Services - 1.5% | ||||||||
UnitedHealth Group, Inc. | 9,200 | 3,594,808 | ||||||
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Health Technology - 13.6% | ||||||||
Abbott Laboratories | 26,400 | 3,118,632 | ||||||
AbbVie, Inc. | 25,775 | 2,780,349 | ||||||
Agilent Technologies, Inc. | 14,375 | 2,264,494 | ||||||
AstraZeneca, PLC, ADR | 58,275 | 3,499,997 | ||||||
Baxter International, Inc. | 44,800 | 3,603,264 | ||||||
Bristol-Myers Squibb Co. | 46,300 | 2,739,571 |
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Name of Issuer | Quantity | Fair Value ($) | ||||||
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Johnson & Johnson | 39,150 | 6,322,725 | ||||||
Medtronic, PLC | 35,075 | 4,396,651 | ||||||
Zimmer Biomet Holdings, Inc. | 21,675 | 3,172,353 | ||||||
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31,898,036 | ||||||||
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Industrial Services - 1.9% | ||||||||
Jacobs Engineering Group, Inc. | 16,750 | 2,219,877 | ||||||
TC Energy Corp. | 47,875 | 2,302,309 | ||||||
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4,522,186 | ||||||||
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Non-Energy Minerals - 1.1% | ||||||||
BHP Group, Ltd., ADR | 48,500 | 2,595,720 | ||||||
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Process Industries - 1.5% | ||||||||
Air Products & Chemicals, Inc. | 13,475 | 3,451,082 | ||||||
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Producer Manufacturing - 7.7% | ||||||||
Carlisle Cos, Inc. | 13,765 | 2,736,344 | ||||||
Dover Corp. | 14,150 | 2,200,325 | ||||||
Eaton Corp., PLC | 17,900 | 2,672,649 | ||||||
Honeywell International, Inc. | 8,050 | 1,708,854 | ||||||
Parker-Hannifin Corp. | 10,225 | 2,859,115 | ||||||
Raytheon Technologies Corp. | 35,375 | 3,040,835 | ||||||
Siemens AG, ADR | 35,150 | 2,887,221 | ||||||
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18,105,343 | ||||||||
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Retail Trade - 5.8% | ||||||||
CVS Health Corp. | 27,125 | 2,301,828 | ||||||
Dollar General Corp. | 10,150 | 2,153,221 | ||||||
Home Depot, Inc. | 10,950 | 3,594,447 | ||||||
Target Corp. | 14,375 | 3,288,569 | ||||||
TJX Cos., Inc. | 33,175 | 2,188,886 | ||||||
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13,526,951 | ||||||||
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Technology Services - 13.4% | ||||||||
Accenture, PLC | 11,075 | 3,543,114 | ||||||
Alphabet, Inc. - Class A * | 1,780 | 4,758,866 | ||||||
Facebook, Inc. * | 6,950 | 2,358,760 | ||||||
Genpact, Ltd. | 53,100 | 2,522,781 | ||||||
Microsoft Corp. | 52,400 | 14,772,608 | ||||||
Oracle Corp. | 39,075 | 3,404,605 | ||||||
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31,360,734 | ||||||||
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Transportation - 2.2% | ||||||||
FedEx Corp. | 11,175 | 2,450,566 | ||||||
Union Pacific Corp. | 13,650 | 2,675,536 | ||||||
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5,126,102 | ||||||||
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Utilities - 4.8% | ||||||||
AES Corp. | 79,050 | 1,804,711 | ||||||
Alliant Energy Corp. | 52,575 | 2,943,149 | ||||||
Entergy Corp. | 32,100 | 3,187,851 | ||||||
NextEra Energy, Inc. | 44,050 | 3,458,806 | ||||||
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11,394,517 | ||||||||
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Total Common Stocks | 233,320,752 | |||||||
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SEPTEMBER 30, 2021 | 1 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2021
Sit Dividend Growth Fund (Continued)
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Name of Issuer | Quantity | Fair Value ($) | ||||||
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Short-Term Securities - 0.3% | ||||||||
Fidelity Inst. Money Mkt. Gvt. Fund, 0.01% | 701,370 | 701,370 | ||||||
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Total Investments in Securities - 99.7% | 234,022,122 | |||||||
Other Assets and Liabilities, net - 0.3% | 783,911 | |||||||
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Total Net Assets - 100.0% | $234,806,033 | |||||||
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* | Non-income producing security. |
ADR — American Depositary Receipt
PLC — Public Limited Company
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Numeric footnotes not disclosed are not applicable to this Schedule of Investments.
A summary of the levels for the Fund’s investments as of September 30, 2021 is as follows:
Investment in Securities | ||||||||||||||||
Level 1 Quoted Prices ($) | Level 2 Other significant observable inputs ($) | Level 3 Significant unobservable inputs ($) | Total ($) | |||||||||||||
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Common Stocks** | 233,320,752 | — | — | 233,320,752 | ||||||||||||
Short-Term Securities | 701,370 | — | — | 701,370 | ||||||||||||
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Total: | 234,022,122 | — | — | 234,022,122 | ||||||||||||
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** | 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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