SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2021
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 - 95.9% | ||||||||
Asia - 9.9% | ||||||||
Japan - 9.0% | ||||||||
Astellas Pharma, Inc. | 6,400 | 105,338 | ||||||
Keyence Corp. | 200 | 119,374 | ||||||
Recruit Holdings Co., Ltd. | 3,100 | 189,490 | ||||||
Shiseido Co., Ltd. | 1,100 | 73,930 | ||||||
Sony Group Corp., ADR | 1,925 | 212,867 | ||||||
Terumo Corp. | 2,600 | 122,768 | ||||||
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823,767 | ||||||||
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Singapore - 0.9% | ||||||||
Singapore Technologies Engineering, Ltd. | 31,200 | 87,093 | ||||||
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Europe - 30.3% | ||||||||
France - 1.9% | ||||||||
Faurecia SE | 1,815 | 85,391 | ||||||
Safran SA, ADR | 2,750 | 87,148 | ||||||
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172,539 | ||||||||
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Germany - 5.2% | ||||||||
adidas AG, ADR | 650 | 102,778 | ||||||
Allianz SE, ADR | 8,800 | 197,648 | ||||||
Muenchener Rueckversicherungs AG | 125 | 34,109 | ||||||
Siemens AG, ADR | 1,775 | 145,798 | ||||||
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480,333 | ||||||||
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Ireland - 5.5% | ||||||||
Accenture, PLC | 575 | 183,954 | ||||||
CRH, PLC, ADR | 1,200 | 56,088 | ||||||
Medtronic, PLC | 900 | 112,815 | ||||||
Trane Technologies, PLC | 875 | 151,069 | ||||||
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503,926 | ||||||||
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Spain - 1.8% | ||||||||
Iberdrola SA, ADR | 4,050 | 162,972 | ||||||
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Sweden - 1.3% | ||||||||
Telefonaktiebolaget LM Ericsson, ADR | 11,175 | 125,160 | ||||||
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Switzerland - 6.2% | ||||||||
Logitech International SA | 1,550 | 136,633 | ||||||
Lonza Group AG | 185 | 138,770 | ||||||
Nestle SA, ADR | 1,200 | 144,252 | ||||||
Novartis AG, ADR | 1,800 | 147,204 | ||||||
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566,859 | ||||||||
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United Kingdom - 8.4% | ||||||||
AstraZeneca, PLC, ADR | 2,950 | 177,177 | ||||||
BAE Systems, PLC, ADR | 3,500 | 106,995 | ||||||
Coca-Cola Europacific Partners, PLC | 2,100 | 116,109 | ||||||
Diageo, PLC, ADR | 785 | 151,505 | ||||||
HomeServe, PLC | 6,525 | 79,521 | ||||||
RELX, PLC, ADR | 4,700 | 135,642 | ||||||
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766,949 | ||||||||
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North America - 55.7% | ||||||||
United States - 55.7% | ||||||||
3M Co. | 400 | 70,168 | ||||||
AbbVie, Inc. | 750 | 80,903 |
Name of Issuer | Quantity | Fair Value ($) | ||||||
Adobe, Inc. * | 450 | 259,074 | ||||||
Alphabet, Inc. - Class A * | 125 | 334,190 | ||||||
Apple, Inc. | 3,600 | 509,400 | ||||||
Baxter International, Inc. | 850 | 68,366 | ||||||
CVS Health Corp. | 1,550 | 131,533 | ||||||
Ecolab, Inc. | 600 | 125,172 | ||||||
Facebook, Inc. * | 700 | 237,573 | ||||||
FedEx Corp. | 375 | 82,234 | ||||||
Goldman Sachs Group, Inc. | 600 | 226,818 | ||||||
Home Depot, Inc. | 745 | 244,554 | ||||||
Johnson & Johnson | 975 | 157,462 | ||||||
JPMorgan Chase & Co. | 1,075 | 175,967 | ||||||
Lockheed Martin Corp. | 185 | 63,843 | ||||||
Microsoft Corp. | 2,000 | 563,840 | ||||||
NIKE, Inc. | 850 | 123,445 | ||||||
NVIDIA Corp. | 1,000 | 207,160 | ||||||
PepsiCo, Inc. | 875 | 131,609 | ||||||
salesforce.com, Inc. * | 850 | 230,537 | ||||||
Starbucks Corp. | 1,600 | 176,496 | ||||||
T Rowe Price Group, Inc. | 1,175 | 231,122 | ||||||
TJX Cos., Inc. | 1,380 | 91,052 | ||||||
UnitedHealth Group, Inc. | 500 | 195,370 | ||||||
Verizon Communications, Inc. | 2,600 | 140,426 | ||||||
Visa, Inc. | 875 | 194,906 | ||||||
Vital Farms, Inc. * | 2,575 | 45,243 | ||||||
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5,098,463 | ||||||||
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Total Common Stocks | 8,788,061 | |||||||
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Short-Term Securities - 4.0% | ||||||||
Fidelity Inst. Money Mkt. Gvt. Fund, 0.01% | 363,314 | 363,314 | ||||||
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Total Investments in Securities - 99.9% | 9,151,375 | |||||||
Other Assets and Liabilities, net - 0.1% | 6,728 | |||||||
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Total Net Assets - 100.0% | $9,158,103 | |||||||
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* | Non-income producing security. |
ADR — American Depositary Receipt |
PLC — Public Limited Company |
SEPTEMBER 30, 2021 | 1 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2021
Sit ESG Growth Fund (Continued)
Numeric footnotes not disclosed are not applicable to this Schedule of Investments.
Portfolio Structure - By Sector | (% of Total Net Assets) | |
Technology Services | 21.8% | |
Health Technology | 12.1 | |
Electronic Technology | 12.0 | |
Finance | 9.5 | |
Consumer Non-Durables | 9.2 | |
Producer Manufacturing | 8.7 | |
Consumer Services | 5.5 | |
Retail Trade | 5.1 | |
Consumer Durables | 2.3 | |
Health Services | 2.1 | |
Process Industries | 1.9 | |
Utilities | 1.8 | |
Communications | 1.5 | |
Transportation | 0.9 | |
Commercial Services | 0.9 | |
Non-Energy Minerals | 0.6 | |
Short-Term Securities | 4.0 | |
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99.9 | ||
Other Assets and Liabilities, net | 0.1 | |
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100.0% | ||
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A summary of the levels for the Fund’s investments as of September 30, 2021 is as follows:
Investment in Securities | ||||||||||||||||
Level 1 Quoted Prices ($) | Level 2 Other significant observable inputs ($) | Level 3 Significant unobservable inputs ($) | Total ($) | |||||||||||||
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Common Stocks | ||||||||||||||||
France | 87,148 | 85,391 | — | 172,539 | ||||||||||||
Germany | 446,224 | 34,109 | — | 480,333 | ||||||||||||
Ireland | 503,926 | — | — | 503,926 | ||||||||||||
Japan | 212,867 | 610,900 | — | 823,767 | ||||||||||||
Singapore | — | 87,093 | — | 87,093 | ||||||||||||
Spain | 162,972 | — | — | 162,972 | ||||||||||||
Sweden | 125,160 | — | — | 125,160 | ||||||||||||
Switzerland | 428,089 | 138,770 | — | 566,859 | ||||||||||||
United Kingdom | 766,949 | — | — | 766,949 | ||||||||||||
United States | 5,098,463 | — | — | 5,098,463 | ||||||||||||
Short-Term Securities | 363,314 | — | — | 363,314 | ||||||||||||
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Total: | 8,195,112 | 956,263 | — | 9,151,375 | ||||||||||||
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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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