SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2022
Sit ESG Growth Fund
Investments are grouped by geographic region.
Name of Issuer | Quantity | Fair Value ($) | ||||||
Common Stocks - 95.3% | ||||||||
Asia - 7.5% | ||||||||
Japan - 6.4% | ||||||||
Astellas Pharma, Inc. | 6,400 | 84,783 | ||||||
Keyence Corp. | 200 | 66,112 | ||||||
Recruit Holdings Co., Ltd. | 3,100 | 89,297 | ||||||
Sony Group Corp., ADR | 1,925 | 123,296 | ||||||
Terumo Corp. | 2,600 | 73,087 | ||||||
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436,575 | ||||||||
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Singapore - 1.1% | ||||||||
Singapore Technologies Engineering, Ltd. | 31,200 | 77,515 | ||||||
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Europe - 34.6% | ||||||||
France - 1.3% | ||||||||
Faurecia SE * | 2,358 | 25,525 | ||||||
Safran SA, ADR | 2,750 | 62,370 | ||||||
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87,895 | ||||||||
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Germany - 5.4% | ||||||||
adidas AG, ADR | 650 | 37,317 | ||||||
Allianz SE, ADR | 8,800 | 137,368 | ||||||
Deutsche Post AG | 1,550 | 46,716 | ||||||
Infineon Technologies AG | 1,225 | 26,808 | ||||||
Muenchener Rueckversicherungs AG | 125 | 30,090 | ||||||
Siemens AG, ADR | 1,775 | 86,886 | ||||||
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365,185 | ||||||||
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Ireland - 6.0% | ||||||||
Accenture, PLC | 575 | 147,947 | ||||||
CRH, PLC, ADR | 1,200 | 38,676 | ||||||
Medtronic, PLC | 1,225 | 98,919 | ||||||
Trane Technologies, PLC | 875 | 126,709 | ||||||
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412,251 | ||||||||
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Spain - 2.2% | ||||||||
Iberdrola SA, ADR | 4,050 | 150,701 | ||||||
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Sweden - 0.9% | ||||||||
Telefonaktiebolaget LM Ericsson, ADR | 11,175 | 64,144 | ||||||
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Switzerland - 6.3% | ||||||||
Chubb, Ltd. | 250 | 45,470 | ||||||
Logitech International SA | 1,550 | 71,300 | ||||||
Lonza Group AG | 185 | 90,075 | ||||||
Nestle SA, ADR | 1,200 | 129,132 | ||||||
Novartis AG, ADR | 1,200 | 91,212 | ||||||
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427,189 | ||||||||
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United Kingdom - 12.5% | ||||||||
AstraZeneca, PLC, ADR | 2,950 | 161,778 | ||||||
BAE Systems, PLC, ADR | 3,500 | 122,728 | ||||||
Coca-Cola Europacific Partners, PLC | 2,100 | 89,502 | ||||||
Diageo, PLC, ADR | 785 | 133,301 | ||||||
Entain, PLC | 4,300 | 51,413 | ||||||
HomeServe, PLC | 6,525 | 85,972 | ||||||
Man Group, PLC | 13,000 | 32,189 | ||||||
RELX, PLC, ADR | 4,700 | 114,257 | ||||||
Smith & Nephew, PLC | 5,550 | 64,062 | ||||||
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855,202 | ||||||||
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Name of Issuer | Quantity | Fair Value ($) | ||||||
North America - 53.2% | ||||||||
United States - 53.2% | ||||||||
Adobe, Inc. * | 450 | 123,840 | ||||||
AES Corp. | 3,025 | 68,365 | ||||||
Alphabet, Inc. - Class A * | 2,500 | 239,125 | ||||||
Apple, Inc. | 3,600 | 497,520 | ||||||
Baxter International, Inc. | 1,650 | 88,869 | ||||||
Broadcom, Inc. | 75 | 33,301 | ||||||
CVS Health Corp. | 1,550 | 147,823 | ||||||
Dexcom, Inc. * | 1,080 | 86,983 | ||||||
Ecolab, Inc. | 325 | 46,937 | ||||||
FedEx Corp. | 375 | 55,676 | ||||||
Goldman Sachs Group, Inc. | 600 | 175,830 | ||||||
Home Depot, Inc. | 745 | 205,575 | ||||||
Johnson & Johnson | 1,175 | 191,948 | ||||||
JPMorgan Chase & Co. | 1,075 | 112,337 | ||||||
Lockheed Martin Corp. | 185 | 71,464 | ||||||
Microsoft Corp. | 2,000 | 465,800 | ||||||
NIKE, Inc. | 850 | 70,652 | ||||||
NVIDIA Corp. | 1,000 | 121,390 | ||||||
PepsiCo, Inc. | 875 | 142,852 | ||||||
salesforce.com, Inc. * | 850 | 122,264 | ||||||
Starbucks Corp. | 1,000 | 84,260 | ||||||
T Rowe Price Group, Inc. | 475 | 49,880 | ||||||
TJX Cos., Inc. | 1,380 | 85,726 | ||||||
UnitedHealth Group, Inc. | 500 | 252,520 | ||||||
Visa, Inc. | 475 | 84,384 | ||||||
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3,625,321 | ||||||||
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Total Common Stocks | 6,501,978 | |||||||
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Short-Term Securities - 4.5% | ||||||||
Fidelity Inst. Money Mkt. Gvt. Fund, 2.74% | 307,358 | 307,358 | ||||||
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Total Investments in Securities - 99.8% | 6,809,336 | |||||||
Other Assets and Liabilities, net - 0.2% | 13,332 | |||||||
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Net Assets - 100.0% | $6,822,668 | |||||||
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* | Non-income producing security. |
ADR — American Depositary Receipt |
PLC — Public Limited Company |
Numeric footnotes not disclosed are not applicable to this Schedule of Investments.
SEPTEMBER 30, 2022 | 1 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2022
Sit ESG Growth Fund (Continued)
Portfolio Structure - By Sector | (% of Total Net Assets) | |||
Technology Services | 17.4% | |||
Health Technology | 15.1 | |||
Electronic Technology | 12.9 | |||
Consumer Non-Durables | 8.8 | |||
Finance | 8.6 | |||
Producer Manufacturing | 8.4 | |||
Retail Trade | 6.4 | |||
Consumer Services | 4.9 | |||
Health Services | 3.7 | |||
Utilities | 3.2 | |||
Consumer Durables | 1.8 | |||
Transportation | 1.5 | |||
Commercial Services | 1.3 | |||
Process Industries | 0.7 | |||
Non-Energy Minerals | 0.6 | |||
Short-Term Securities | 4.5 | |||
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99.8 | ||||
Other Assets and Liabilities, net | 0.2 | |||
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100.0% | ||||
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A summary of the levels for the Fund’s investments as of September 30, 2022 is as follows:
Investment in Securities | ||||||||||||||||
Level 1 Quoted Prices ($) | Level 2 Other significant observable inputs ($) | Level 3 Significant | Total ($) | |||||||||||||
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Common Stocks | ||||||||||||||||
France | 62,370 | 25,525 | — | 87,895 | ||||||||||||
Germany | 261,571 | 103,614 | — | 365,185 | ||||||||||||
Ireland | 412,251 | — | — | 412,251 | ||||||||||||
Japan | 123,296 | 313,279 | — | 436,575 | ||||||||||||
Singapore | — | 77,515 | — | 77,515 | ||||||||||||
Spain | 150,701 | — | — | 150,701 | ||||||||||||
Sweden | 64,144 | — | — | 64,144 | ||||||||||||
Switzerland | 337,114 | 90,075 | — | 427,189 | ||||||||||||
United Kingdom | 621,566 | 233,636 | — | 855,202 | ||||||||||||
United States | 3,625,321 | — | — | 3,625,321 | ||||||||||||
Short-Term Securities | 307,358 | — | — | 307,358 | ||||||||||||
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Total: | 5,965,692 | 843,644 | — | 6,809,336 | ||||||||||||
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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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