SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
Sit ESG Growth Fund
Investments are grouped by geographic region.
Name of Issuer | Quantity | Fair Value ($) | ||||||
Common Stocks - 98.9% | ||||||||
Asia - 8.6% | ||||||||
Japan - 7.5% | ||||||||
Astellas Pharma, Inc. | 6,400 | 99,999 | ||||||
Keyence Corp. | 200 | 92,741 | ||||||
Recruit Holdings Co., Ltd. | 3,100 | 134,686 | ||||||
Shiseido Co., Ltd. | 1,100 | 55,559 | ||||||
Sony Group Corp., ADR | 1,925 | 197,717 | ||||||
Terumo Corp. | 2,600 | 78,672 | ||||||
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659,374 | ||||||||
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Singapore - 1.1% | ||||||||
Singapore Technologies Engineering, Ltd. | 31,200 | 94,506 | ||||||
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Europe - 34.4% | ||||||||
France - 1.5% | ||||||||
Faurecia SE | 1,815 | 47,206 | ||||||
Safran SA, ADR | 2,750 | 80,850 | ||||||
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128,056 | ||||||||
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Germany - 6.3% | ||||||||
adidas AG, ADR | 650 | 75,933 | ||||||
Allianz SE, ADR | 8,800 | 209,264 | ||||||
Deutsche Post AG | 1,550 | 74,015 | ||||||
Infineon Technologies AG | 1,225 | 41,442 | ||||||
Muenchener Rueckversicherungs AG | 125 | 33,417 | ||||||
Siemens AG, ADR | 1,775 | 122,724 | ||||||
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556,795 | ||||||||
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Ireland - 5.8% | ||||||||
Accenture, PLC | 575 | 193,907 | ||||||
CRH, PLC, ADR | 1,200 | 48,072 | ||||||
Medtronic, PLC | 1,225 | 135,914 | ||||||
Trane Technologies, PLC | 875 | 133,612 | ||||||
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511,505 | ||||||||
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Spain - 2.0% | ||||||||
Iberdrola SA, ADR | 4,050 | 176,823 | ||||||
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Sweden - 1.2% | ||||||||
Telefonaktiebolaget LM Ericsson, ADR | 11,175 | 102,140 | ||||||
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Switzerland - 6.4% | ||||||||
Chubb, Ltd. | 250 | 53,475 | ||||||
Logitech International SA | 1,550 | 114,359 | ||||||
Lonza Group AG | 185 | 134,052 | ||||||
Nestle SA, ADR | 1,200 | 156,120 | ||||||
Novartis AG, ADR | 1,200 | 105,300 | ||||||
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563,306 | ||||||||
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United Kingdom - 11.2% | ||||||||
AstraZeneca, PLC, ADR | 2,950 | 195,703 | ||||||
BAE Systems, PLC, ADR | 3,500 | 131,845 | ||||||
Coca-Cola Europacific Partners, PLC | 2,100 | 102,081 | ||||||
Diageo, PLC, ADR | 785 | 159,465 | ||||||
Entain, PLC * | 4,300 | 92,111 | ||||||
HomeServe, PLC | 6,525 | 72,258 | ||||||
RELX, PLC, ADR | 4,700 | 146,170 | ||||||
Smith & Nephew, PLC | 5,550 | 88,272 | ||||||
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987,905 | ||||||||
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Name of Issuer | Quantity | Fair Value ($) | ||||||
North America - 55.9% | ||||||||
United States - 55.9% | ||||||||
3M Co. | 400 | 59,552 | ||||||
AbbVie, Inc. | 665 | 107,803 | ||||||
Adobe, Inc. * | 450 | 205,029 | ||||||
AES Corp. | 3,025 | 77,833 | ||||||
Alphabet, Inc. - Class A * | 125 | 347,669 | ||||||
Apple, Inc. | 3,600 | 628,596 | ||||||
Baxter International, Inc. | 1,650 | 127,941 | ||||||
Broadcom, Inc. | 75 | 47,226 | ||||||
CVS Health Corp. | 1,550 | 156,876 | ||||||
Dexcom, Inc. * | 270 | 138,132 | ||||||
Ecolab, Inc. | 325 | 57,382 | ||||||
FedEx Corp. | 375 | 86,771 | ||||||
Goldman Sachs Group, Inc. | 600 | 198,060 | ||||||
Home Depot, Inc. | 745 | 223,001 | ||||||
Johnson & Johnson | 1,175 | 208,245 | ||||||
JPMorgan Chase & Co. | 1,075 | 146,544 | ||||||
Lockheed Martin Corp. | 185 | 81,659 | ||||||
Microsoft Corp. | 2,000 | 616,620 | ||||||
NIKE, Inc. | 850 | 114,376 | ||||||
NVIDIA Corp. | 1,000 | 272,860 | ||||||
PepsiCo, Inc. | 875 | 146,458 | ||||||
salesforce.com, Inc. * | 850 | 180,472 | ||||||
Starbucks Corp. | 1,600 | 145,552 | ||||||
T Rowe Price Group, Inc. | 475 | 71,815 | ||||||
TJX Cos., Inc. | 1,380 | 83,600 | ||||||
UnitedHealth Group, Inc. | 500 | 254,985 | ||||||
Visa, Inc. | 475 | 105,341 | ||||||
Vital Farms, Inc. * | 2,575 | 31,827 | ||||||
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4,922,225 | ||||||||
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Total Common Stocks | 8,702,635 | |||||||
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Short-Term Securities - 1.0% | ||||||||
Fidelity Inst. Money Mkt. Gvt. Fund, 0.12% | 91,138 | 91,138 | ||||||
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Total Investments in Securities - 99.9% | 8,793,773 | |||||||
Other Assets and Liabilities, net - 0.1% | 9,332 | |||||||
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Total Net Assets - 100.0% | $8,803,105 | |||||||
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* | Non-income producing security. |
ADR — American Depositary Receipt |
PLC — Public Limited Company |
Numeric footnotes not disclosed are not applicable to this Schedule of Investments.
MARCH 31, 2022 | 1 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
Sit ESG Growth Fund (Continued)
Portfolio Structure - By Sector | (% of Total Net Assets) | |
Technology Services | 19.1% | |
Health Technology | 16.1 | |
Electronic Technology | 14.8 | |
Consumer Non-Durables | 9.2 | |
Producer Manufacturing | 8.5 | |
Finance | 8.1 | |
Consumer Services | 5.6 | |
Retail Trade | 5.3 | |
Health Services | 2.9 | |
Utilities | 2.9 | |
Consumer Durables | 2.2 | |
Transportation | 1.8 | |
Process Industries | 1.0 | |
Commercial Services | 0.8 | |
Non-Energy Minerals | 0.6 | |
Short-Term Securities | 1.0 | |
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99.9 | ||
Other Assets and Liabilities, net | 0.1 | |
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100.0% | ||
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A summary of the levels for the Fund’s investments as of March 31, 2022 is as follows:
Investment in Securities | ||||||||||||||||
Level 1 Quoted | Level 2 Other significant | Level 3 Significant | Total ($) | |||||||||||||
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Common Stocks | ||||||||||||||||
France | 80,850 | 47,206 | — | 128,056 | ||||||||||||
Germany | 407,921 | 148,874 | — | 556,795 | ||||||||||||
Ireland | 511,505 | — | — | 511,505 | ||||||||||||
Japan | 197,717 | 461,657 | — | 659,374 | ||||||||||||
Singapore | — | 94,506 | — | 94,506 | ||||||||||||
Spain | 176,823 | — | — | 176,823 | ||||||||||||
Sweden | 102,140 | — | — | 102,140 | ||||||||||||
Switzerland | 429,254 | 134,052 | — | 563,306 | ||||||||||||
United Kingdom | 807,522 | 180,383 | — | 987,905 | ||||||||||||
United States | 4,922,225 | — | — | 4,922,225 | ||||||||||||
Short-Term Securities | 91,138 | — | — | 91,138 | ||||||||||||
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Total: | 7,727,095 | 1,066,678 | — | 8,793,773 | ||||||||||||
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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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