SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
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 - 98.7% | ||||||||
Commercial Services - 1.5% | ||||||||
Booz Allen Hamilton Holding Corp. | 21,150 | 1,857,816 | ||||||
Equifax, Inc. | 7,425 | 1,760,468 | ||||||
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3,618,284 | ||||||||
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Communications - 1.8% | ||||||||
American Tower Corp. | 17,500 | 4,396,350 | ||||||
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Consumer Durables - 0.6% | ||||||||
Activision Blizzard, Inc. | 18,325 | 1,468,016 | ||||||
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Consumer Non-Durables - 5.7% | ||||||||
Constellation Brands, Inc. | 9,700 | 2,234,104 | ||||||
Mondelez International, Inc. | 36,300 | 2,278,914 | ||||||
NIKE, Inc. | 14,500 | 1,951,120 | ||||||
PepsiCo, Inc. | 21,925 | 3,669,807 | ||||||
Procter & Gamble Co. | 24,900 | 3,804,720 | ||||||
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13,938,665 | ||||||||
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Consumer Services - 2.5% | ||||||||
McDonald’s Corp. | 10,450 | 2,584,076 | ||||||
Visa, Inc. | 15,805 | 3,505,075 | ||||||
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6,089,151 | ||||||||
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Electronic Technology - 16.7% | ||||||||
Analog Devices, Inc. | 23,500 | 3,881,730 | ||||||
Apple, Inc. | 83,350 | 14,553,743 | ||||||
Applied Materials, Inc. | 31,925 | 4,207,715 | ||||||
Broadcom, Inc. | 10,350 | 6,517,188 | ||||||
Marvell Technology, Inc. | 35,500 | 2,545,705 | ||||||
NVIDIA Corp. | 7,250 | 1,978,235 | ||||||
Qualcomm, Inc. | 11,700 | 1,787,994 | ||||||
Skyworks Solutions, Inc. | 18,925 | 2,522,324 | ||||||
TE Connectivity, Ltd. | 20,550 | 2,691,639 | ||||||
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40,686,273 | ||||||||
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Energy Minerals - 1.9% | ||||||||
ConocoPhillips | 46,000 | 4,600,000 | ||||||
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Finance - 14.2% | ||||||||
Air Lease Corp. | 29,175 | 1,302,664 | ||||||
American International Group, Inc. | 42,775 | 2,684,987 | ||||||
Ameriprise Financial, Inc. | 11,300 | 3,394,068 | ||||||
Chubb, Ltd. | 11,150 | 2,384,985 | ||||||
Everest Re Group, Ltd. | 10,575 | 3,187,093 | ||||||
MetLife, Inc. | 30,675 | 2,155,839 | ||||||
Morgan Stanley | 55,500 | 4,850,700 | ||||||
Realty Income Corp. | 56,475 | 3,913,717 | ||||||
Regions Financial Corp. | 86,750 | 1,931,055 | ||||||
State Street Corp. | 31,050 | 2,705,076 | ||||||
STORE Capital Corp. | 50,900 | 1,487,807 | ||||||
Truist Financial Corp. | 84,500 | 4,791,150 | ||||||
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34,789,141 | ||||||||
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Health Services - 2.7% | ||||||||
HCA Healthcare, Inc. | 9,850 | 2,468,607 | ||||||
UnitedHealth Group, Inc. | 8,150 | 4,156,256 | ||||||
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6,624,863 | ||||||||
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Health Technology - 12.7% | ||||||||
Abbott Laboratories | 20,575 | 2,435,257 |
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Name of Issuer | Quantity | Fair Value ($) | ||||||
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AbbVie, Inc. | 20,050 | 3,250,305 | ||||||
Agilent Technologies, Inc. | 18,275 | 2,418,331 | ||||||
AstraZeneca, PLC, ADR | 60,750 | 4,030,155 | ||||||
Baxter International, Inc. | 61,525 | 4,770,649 | ||||||
Johnson & Johnson | 39,575 | 7,013,877 | ||||||
Medtronic, PLC | 42,350 | 4,698,732 | ||||||
Thermo Fisher Scientific, Inc. | 4,300 | 2,539,795 | ||||||
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31,157,101 | ||||||||
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Industrial Services - 1.1% | ||||||||
Jacobs Engineering Group, Inc. | 19,450 | 2,680,405 | ||||||
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Non-Energy Minerals - 1.2% | ||||||||
BHP Group, Ltd., ADR | 36,800 | 2,842,800 | ||||||
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Process Industries - 3.6% | ||||||||
Air Products & Chemicals, Inc. | 14,325 | 3,579,961 | ||||||
DuPont de Nemours, Inc. | 44,600 | 3,281,668 | ||||||
Nutrien, Ltd. | 17,750 | 1,845,822 | ||||||
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8,707,451 | ||||||||
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Producer Manufacturing - 6.0% | ||||||||
Carlisle Cos, Inc. | 12,405 | 3,050,638 | ||||||
Eaton Corp., PLC | 19,550 | 2,966,908 | ||||||
General Dynamics Corp. | 11,775 | 2,839,894 | ||||||
Parker-Hannifin Corp. | 9,600 | 2,724,096 | ||||||
Siemens AG, ADR | 44,300 | 3,062,902 | ||||||
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14,644,438 | ||||||||
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Retail Trade - 4.7% | ||||||||
CVS Health Corp. | 33,175 | 3,357,642 | ||||||
Home Depot, Inc. * | 9,150 | 2,738,869 | ||||||
Target Corp. | 12,260 | 2,601,817 | ||||||
TJX Cos., Inc. | 45,650 | 2,765,477 | ||||||
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11,463,805 | ||||||||
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Technology Services - 13.8% | ||||||||
Accenture, PLC | 11,200 | 3,776,976 | ||||||
Alphabet, Inc. - Class A * | 1,970 | 5,479,260 | ||||||
Genpact, Ltd. | 55,675 | 2,422,419 | ||||||
Intuit, Inc. | 4,600 | 2,211,864 | ||||||
Microsoft Corp. | 51,015 | 15,728,435 | ||||||
Oracle Corp. | 50,639 | 4,189,364 | ||||||
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33,808,318 | ||||||||
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Transportation - 2.0% | ||||||||
FedEx Corp. | 7,975 | 1,845,335 | ||||||
Union Pacific Corp. | 11,450 | 3,128,255 | ||||||
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4,973,590 | ||||||||
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Utilities - 6.0% | ||||||||
AES Corp. | 81,950 | 2,108,573 | ||||||
Alliant Energy Corp. | 57,100 | 3,567,608 | ||||||
Entergy Corp. | 28,850 | 3,368,238 | ||||||
NextEra Energy, Inc. | 37,550 | 3,180,860 | ||||||
Xcel Energy, Inc. | 33,000 | 2,381,610 | ||||||
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14,606,889 | ||||||||
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Total Common Stocks | 241,095,540 | |||||||
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MARCH 31, 2022 | 1 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
Sit Dividend Growth Fund (Continued)
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Name of Issuer | Quantity | Fair Value ($) | ||||||
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Short-Term Securities - 1.3% | ||||||||
Fidelity Inst. Money Mkt. Gvt. Fund, 0.12% | 3,101,454 | 3,101,454 | ||||||
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Total Investments in Securities - 100.0% | 244,196,994 | |||||||
Other Assets and Liabilities, net - 0.0% | 80,132 | |||||||
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Total Net Assets - 100.0% | $244,277,126 | |||||||
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* | Non-income producing security. |
ADR — American Depositary Receipt
PLC — Public Limited Company
Numeric footnotes not disclosed are not applicable to this Schedule of Investments.
A summary of the levels for the Fund’s investments as of March 31, 2022 is as follows:
Investment in Securities | ||||||||||||||||
Level 1 Quoted | Level 2 Other significant | Level 3 Significant unobservable inputs ($) | Total ($) | |||||||||||||
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Common Stocks** | 241,095,540 | — | — | 241,095,540 | ||||||||||||
Short-Term Securities | 3,101,454 | — | — | 3,101,454 | ||||||||||||
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Total: | 244,196,994 | — | — | 244,196,994 | ||||||||||||
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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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