SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
Sit ESG Growth Fund
Investments are grouped by geographic region.
Name of Issuer | Quantity | Fair Value ($) | ||||||
Common Stocks - 97.8% | ||||||||
Asia - 5.6% | ||||||||
Japan - 4.6% | ||||||||
Keyence Corp. | 200 | 92,601 | ||||||
Recruit Holdings Co., Ltd. | 3,100 | 135,750 | ||||||
Sony Group Corp., ADR | 1,925 | 165,050 | ||||||
Terumo Corp. | 5,200 | 94,791 | ||||||
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488,192 |
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Singapore - 1.0% | ||||||||
Singapore Technologies Engineering, Ltd. | 37,400 | 111,348 | ||||||
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Europe - 35.7% | ||||||||
Denmark - 0.5% | ||||||||
Novo Nordisk A/S, ADR | 400 | 51,360 | ||||||
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France - 1.8% | ||||||||
Forvia SE * | 2,358 | 35,755 | ||||||
Safran SA, ADR | 2,750 | 155,787 | ||||||
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191,542 |
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Germany - 6.3% | ||||||||
Allianz SE, ADR | 8,800 | 263,384 | ||||||
Deutsche Post AG | 1,550 | 66,747 | ||||||
Infineon Technologies AG | 1,225 | 41,650 | ||||||
Muenchener Rueckversicherungs AG | 275 | 134,190 | ||||||
Siemens AG, ADR | 1,775 | 169,388 | ||||||
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675,359 |
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Ireland - 6.5% | ||||||||
Accenture, PLC | 750 | 259,957 | ||||||
CRH, PLC | 1,200 | 103,512 | ||||||
Medtronic, PLC | 725 | 63,184 | ||||||
Trane Technologies, PLC | 875 | 262,675 | ||||||
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689,328 |
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Netherlands - 0.6% | ||||||||
ASML Holding NV | 65 | 63,081 | ||||||
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Spain - 1.9% | ||||||||
Iberdrola SA, ADR | 4,050 | 201,893 | ||||||
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Switzerland - 4.0% | ||||||||
Chubb, Ltd. | 250 | 64,782 | ||||||
Logitech International SA | 850 | 75,965 | ||||||
Lonza Group AG | 185 | 110,813 | ||||||
Nestle SA, ADR | 1,200 | 127,440 | ||||||
Novartis AG, ADR | 450 | 43,529 | ||||||
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422,529 |
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United Kingdom - 14.1% | ||||||||
AstraZeneca, PLC, ADR | 3,625 | 245,594 | ||||||
BAE Systems, PLC, ADR | 3,200 | 221,920 | ||||||
Coca-Cola Europacific Partners, PLC | 2,100 | 146,895 | ||||||
Compass Group, PLC | 3,600 | 105,551 | ||||||
Diageo, PLC, ADR | 785 | 116,761 | ||||||
Entain, PLC | 10,225 | 102,908 | ||||||
Man Group, PLC | 55,725 | 188,071 | ||||||
RELX, PLC, ADR | 4,700 | 203,463 | ||||||
Rentokil Initial, PLC, ADR | 2,375 | 71,606 |
Name of Issuer | Quantity | Fair Value ($) | ||||||
Smith & Nephew, PLC | 8,050 | 100,750 | ||||||
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1,503,519 |
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North America - 56.5% | ||||||||
United States - 56.5% | ||||||||
Adobe, Inc. * | 450 | 227,070 | ||||||
AES Corp. | 3,025 | 54,238 | ||||||
Alphabet, Inc. - Class A * | 2,500 | 377,325 | ||||||
Apple, Inc. | 3,600 | 617,328 | ||||||
Broadcom, Inc. | 125 | 165,676 | ||||||
Cheniere Energy, Inc. | 775 | 124,992 | ||||||
Dexcom, Inc. * | 1,080 | 149,796 | ||||||
Ecolab, Inc. | 325 | 75,042 | ||||||
FedEx Corp. | 375 | 108,653 | ||||||
Gilead Sciences, Inc. | 1,190 | 87,168 | ||||||
Goldman Sachs Group, Inc. | 600 | 250,614 | ||||||
Home Depot, Inc. | 745 | 285,782 | ||||||
Johnson & Johnson | 1,175 | 185,873 | ||||||
JPMorgan Chase & Co. | 1,075 | 215,322 | ||||||
Lockheed Martin Corp. | 275 | 125,089 | ||||||
Microsoft Corp. | 2,000 | 841,440 | ||||||
NIKE, Inc. | 850 | 79,883 | ||||||
NVIDIA Corp. | 1,000 | 903,560 | ||||||
PepsiCo, Inc. | 875 | 153,134 | ||||||
salesforce.com, Inc. | 850 | 256,003 | ||||||
Starbucks Corp. | 1,000 | 91,390 | ||||||
T Rowe Price Group, Inc. | 475 | 57,912 | ||||||
TJX Cos., Inc. | 1,380 | 139,960 | ||||||
UnitedHealth Group, Inc. | 500 | 247,350 | ||||||
Visa, Inc. | 475 | 132,563 | ||||||
Williams Cos., Inc. | 1,800 | 70,146 | ||||||
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6,023,309 |
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Total Common Stocks | 10,421,460 | |||||||
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Short-Term Securities - 2.2% | ||||||||
Fidelity Inst. Money Mkt. Gvt. Fund, 5.25% | 236,831 | 236,831 | ||||||
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| |||||||
Total Investments in Securities - 100.0% | 10,658,291 | |||||||
Other Assets and Liabilities, net - (0.0)% | (1,874) | |||||||
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Net Assets - 100.0% | $10,656,417 | |||||||
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* | Non-income producing security. |
ADR — American Depositary Receipt |
PLC — Public Limited Company |
Numeric footnotes not disclosed are not applicable to this Schedule of Investments.
MARCH 31, 2024 | 1 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
Sit ESG Growth Fund (Continued)
Portfolio Structure - By Sector | (% of Total Net Assets) | |
Technology Services | 19.7% | |
Electronic Technology | 18.4 | |
Finance | 11.0 | |
Health Technology | 10.6 | |
Producer Manufacturing | 10.2 | |
Consumer Services | 6.0 | |
Consumer Non-Durables | 5.9 | |
Retail Trade | 4.0 | |
Utilities | 2.4 | |
Health Services | 2.3 | |
Industrial Services | 1.8 | |
Transportation | 1.6 | |
Consumer Durables | 1.5 | |
Non-Energy Minerals | 1.0 | |
Process Industries | 0.7 | |
Commercial Services | 0.7 | |
Short-Term Securities | 2.2 | |
| ||
100.0 | ||
Other Assets and Liabilities, net | (0.0) | |
| ||
100.0% | ||
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A summary of the levels for the Fund’s investments as of March 31, 2024 is as follows:
Investment in Securities | ||||||||||||||||
Level 1 | Level 2 | Level 3 | ||||||||||||||
Quoted Prices ($) | Other significant observable inputs ($) | Significant unobservable inputs ($) | Total ($) | |||||||||||||
Common Stocks | ||||||||||||||||
Denmark | 51,360 | — | — | 51,360 | ||||||||||||
France | 191,542 | — | — | 191,542 | ||||||||||||
Germany | 675,359 | — | — | 675,359 | ||||||||||||
Ireland | 689,328 | — | — | 689,328 | ||||||||||||
Japan | 488,192 | — | — | 488,192 | ||||||||||||
Netherlands | 63,081 | — | — | 63,081 | ||||||||||||
Singapore | 111,348 | — | — | 111,348 | ||||||||||||
Spain | 201,893 | — | — | 201,893 | ||||||||||||
Switzerland | 422,529 | — | — | 422,529 | ||||||||||||
United Kingdom | 1,503,519 | — | — | 1,503,519 | ||||||||||||
United States | 6,023,309 | — | — | 6,023,309 | ||||||||||||
Short-Term Securities | 236,831 | — | — | 236,831 | ||||||||||||
Total: | 10,658,291 | — | — | 10,658,291 |
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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