SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
Sit Balanced Fund
Investments are grouped by economic sectors.
Name of Issuer | Quantity | Fair Value ($) | ||||||
Common Stocks - 64.7% | ||||||||
Consumer Durables - 0.2% | ||||||||
YETI Holdings, Inc. * | 3,500 | 134,925 | ||||||
|
| |||||||
Consumer Non-Durables - 2.1% | ||||||||
Constellation Brands, Inc. | 2,750 | 747,340 | ||||||
Mondelez International, Inc. | 3,400 | 238,000 | ||||||
PepsiCo, Inc. | 1,825 | 319,393 | ||||||
|
| |||||||
|
1,304,733 |
| ||||||
|
| |||||||
Consumer Services - 2.0% | ||||||||
McDonald’s Corp. | 1,450 | 408,828 | ||||||
Visa, Inc. | 2,800 | 781,424 | ||||||
|
| |||||||
|
1,190,252 |
| ||||||
|
| |||||||
Electronic Technology - 15.2% | ||||||||
Apple, Inc. | 13,700 | 2,349,276 | ||||||
Applied Materials, Inc. | 2,600 | 536,198 | ||||||
Arista Networks, Inc. * | 765 | 221,835 | ||||||
Broadcom, Inc. | 1,485 | 1,968,234 | ||||||
NVIDIA Corp. | 4,025 | 3,636,829 | ||||||
Palo Alto Networks, Inc. * | 2,160 | 613,721 | ||||||
|
| |||||||
|
9,326,093 |
| ||||||
|
| |||||||
Energy Minerals - 1.5% | ||||||||
ConocoPhillips | 5,775 | 735,042 | ||||||
Shell, PLC, ADR | 2,400 | 160,896 | ||||||
|
| |||||||
|
895,938 |
| ||||||
|
| |||||||
Finance - 3.5% | ||||||||
Ameriprise Financial, Inc. | 1,150 | 504,206 | ||||||
Chubb, Ltd. | 1,400 | 362,782 | ||||||
Goldman Sachs Group, Inc. | 1,600 | 668,304 | ||||||
JPMorgan Chase & Co. | 2,925 | 585,878 | ||||||
|
| |||||||
|
2,121,170 |
| ||||||
|
| |||||||
Health Services - 2.9% | ||||||||
Centene Corp. * | 2,475 | 194,238 | ||||||
HCA Healthcare, Inc. | 600 | 200,118 | ||||||
Quest Diagnostics, Inc. | 1,475 | 196,337 | ||||||
UnitedHealth Group, Inc. | 2,450 | 1,212,015 | ||||||
|
| |||||||
|
1,802,708 |
| ||||||
|
| |||||||
Health Technology - 4.7% | ||||||||
Abbott Laboratories | 3,550 | 403,493 | ||||||
Dexcom, Inc. * | 5,260 | 729,562 | ||||||
Gilead Sciences, Inc. | 5,975 | 437,669 | ||||||
Intuitive Surgical, Inc. * | 510 | 203,536 | ||||||
Johnson & Johnson | 1,250 | 197,738 | ||||||
Novo Nordisk A/S, ADR | 1,550 | 199,020 | ||||||
Thermo Fisher Scientific, Inc. | 1,200 | 697,452 | ||||||
Zimmer Biomet Holdings, Inc. | 650 | 85,787 | ||||||
|
| |||||||
|
2,954,257 |
| ||||||
|
| |||||||
Industrial Services - 0.7% | ||||||||
Cheniere Energy, Inc. | 2,750 | 443,520 | ||||||
|
| |||||||
Process Industries - 1.5% | ||||||||
Linde, PLC | 1,225 | 568,792 | ||||||
Sherwin-Williams Co. | 1,000 | 347,330 | ||||||
|
| |||||||
|
916,122 |
| ||||||
|
|
Name of Issuer | Quantity | Fair Value ($) | ||||||
Producer Manufacturing - 5.0% | ||||||||
General Dynamics Corp. | 700 | 197,743 | ||||||
Honeywell International, Inc. | 1,450 | 297,613 | ||||||
Motorola Solutions, Inc. | 1,400 | 496,972 | ||||||
Northrop Grumman Corp. | 375 | 179,497 | ||||||
Parker-Hannifin Corp. | 1,350 | 750,316 | ||||||
Safran SA, ADR | 11,550 | 654,307 | ||||||
Siemens AG, ADR | 5,175 | 493,850 | ||||||
|
| |||||||
|
3,070,298 |
| ||||||
|
| |||||||
Retail Trade - 6.5% | ||||||||
Amazon.com, Inc. * | 9,700 | 1,749,686 | ||||||
Home Depot, Inc. | 1,825 | 700,070 | ||||||
Lululemon Athletica, Inc. * | 885 | 345,725 | ||||||
Netflix, Inc. * | 460 | 279,372 | ||||||
TJX Cos., Inc. | 5,100 | 517,242 | ||||||
Ulta Beauty, Inc. * | 795 | 415,690 | ||||||
|
| |||||||
|
4,007,785 |
| ||||||
|
| |||||||
Technology Services - 16.9% | ||||||||
Accenture, PLC | 2,025 | 701,885 | ||||||
Adobe, Inc. * | 1,060 | 534,876 | ||||||
Alphabet, Inc. - Class A * | 12,400 | 1,871,532 | ||||||
Alphabet, Inc. - Class C * | 4,100 | 624,266 | ||||||
Atlassian Corp. * | 1,050 | 204,865 | ||||||
Autodesk, Inc. * | 1,275 | 332,035 | ||||||
Dynatrace, Inc. * | 4,250 | 197,370 | ||||||
Intuit, Inc. | 1,200 | 780,000 | ||||||
Meta Platforms, Inc. | 635 | 308,343 | ||||||
Microsoft Corp. | 7,800 | 3,281,616 | ||||||
Paycom Software, Inc. | 600 | 119,406 | ||||||
Salesforce, Inc. | 3,650 | 1,099,307 | ||||||
ServiceNow, Inc. * | 560 | 426,944 | ||||||
|
| |||||||
|
10,482,445 |
| ||||||
|
| |||||||
Transportation - 1.6% | ||||||||
FedEx Corp. | 1,775 | 514,289 | ||||||
Union Pacific Corp. | 2,050 | 504,157 | ||||||
|
| |||||||
|
1,018,446 |
| ||||||
|
| |||||||
Utilities - 0.4% | ||||||||
NextEra Energy, Inc. | 4,140 | 264,587 | ||||||
|
| |||||||
Total Common Stocks | 39,933,279 | |||||||
|
| |||||||
| ||||||||
Name of Issuer | Principal Amount ($) | Fair Value ($) | ||||||
Bonds – 29.3% | ||||||||
Asset-Backed Securities - 0.2% | ||||||||
Small Business Administration: | ||||||||
2008-20A 1, 5.17%, 1/1/28 | 8,845 | 8,688 | ||||||
2007-20H 1, 5.78%, 8/1/27 | 7,991 | 7,892 | ||||||
Towd Point Mortgage Trust: | ||||||||
2020-MH1 A1A, 2.18%, 2/25/60 1, 4 | 59,041 | 56,259 | ||||||
2019-MH1 A2, 3.00%, 11/25/58 1, 4 | 84,518 | 83,710 | ||||||
|
| |||||||
|
156,549 |
| ||||||
|
|
MARCH 31, 2024 | 1 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
Sit Balanced Fund (Continued)
Name of Issuer | Principal Amount ($) | Fair Value ($) | ||||||
Collateralized Mortgage Obligations - 6.9% |
| |||||||
Chase Home Lending Mortgage Trust: | ||||||||
2023-6 A2, 6.00%, 6/25/54 1, 4 | 144,652 | 144,048 | ||||||
Chase Home Lending Mortgage Trust Series: | ||||||||
2024-1 A8A, 6.00%, 1/25/55 1, 4 | 200,000 | 197,770 | ||||||
2024-2 A8A, 6.00%, 2/25/55 1, 4 | 200,000 | 198,417 | ||||||
2024-3 A8, 6.00%, 2/25/55 1, 4 | 100,000 | 100,374 | ||||||
Fannie Mae: | ||||||||
2017-84 JP, 2.75%, 10/25/47 | 16,569 | 14,366 | ||||||
2003-34 A1, 6.00%, 4/25/43 | 22,204 | 22,165 | ||||||
2004-T1 1A1, 6.00%, 1/25/44 | 13,066 | 13,275 | ||||||
1999-17 C, 6.35%, 4/25/29 | 3,723 | 3,719 | ||||||
2001-82 ZA, 6.50%, 1/25/32 | 6,132 | 6,154 | ||||||
2009-30 AG, 6.50%, 5/25/39 | 22,715 | 23,847 | ||||||
2013-28 WD, 6.50%, 5/25/42 | 21,047 | 22,009 | ||||||
2004-T1 1A2, 6.50%, 1/25/44 | 33,733 | 34,114 | ||||||
2004-W9 2A1, 6.50%, 2/25/44 | 22,685 | 22,850 | ||||||
2004-T3 1A3, 7.00%, 2/25/44 | 4,623 | 4,737 | ||||||
Freddie Mac: | ||||||||
5280 A, 3.50%, 1/25/50 | 148,782 | 136,727 | ||||||
4812 CZ, 4.00%, 5/15/48 | 155,556 | 143,796 | ||||||
4293 BA, 5.29%, 10/15/47 1 | 6,601 | 6,643 | ||||||
2122 ZE, 6.00%, 2/15/29 | 19,974 | 20,069 | ||||||
2126 C, 6.00%, 2/15/29 | 13,817 | 13,830 | ||||||
2480 Z, 6.00%, 8/15/32 | 16,945 | 17,208 | ||||||
2485 WG, 6.00%, 8/15/32 | 17,716 | 18,111 | ||||||
2575 QE, 6.00%, 2/15/33 | 6,634 | 6,760 | ||||||
2980 QA, 6.00%, 5/15/35 | 8,208 | 8,443 | ||||||
5354 AB, 6.00%, 5/25/49 | 183,598 | 185,637 | ||||||
2357 ZJ, 6.50%, 9/15/31 | 13,932 | 14,235 | ||||||
4520 HM, 6.50%, 8/15/45 | 11,693 | 12,648 | ||||||
3704 CT, 7.00%, 12/15/36 | 7,411 | 7,769 | ||||||
Government National Mortgage Association: | ||||||||
2021-86 WB, 4.75%, 5/20/51 1 | 132,739 | 128,678 | ||||||
2021-104 HT, 5.50%, 6/20/51 | 168,132 | 168,065 | ||||||
2021-27 AW, 5.86%, 2/20/51 1 | 180,373 | 185,725 | ||||||
2015-80 BA, 7.00%, 6/20/45 1 | 6,037 | 6,300 | ||||||
2018-147 AM, 7.00%, 10/20/48 | 22,283 | 23,110 | ||||||
2018-160 DA, 7.00%, 11/20/48 | 20,820 | 21,548 | ||||||
2014-69 W, 7.20%, 11/20/34 1 | 9,545 | 9,963 | ||||||
2013-133 KQ, 7.31%, 8/20/38 1 | 11,539 | 12,076 | ||||||
2005-74 HA, 7.50%, 9/16/35 | 164 | 166 | ||||||
JP Morgan Mortgage Trust: | ||||||||
2021-6 A4, 2.50%, 10/25/51 1, 4 | 282,774 | 247,066 | ||||||
2021-13 A4, 2.50%, 4/25/52 1, 4 | 253,270 | 220,306 | ||||||
2021-6 A12, 5.00%, 10/25/51 1, 4 | 273,071 | 262,080 | ||||||
2021-13 A11, 5.00%, 4/25/52 1, 4 | 277,453 | 256,323 | ||||||
2022-1 A11, 5.00%, 7/25/52 1, 4 | 326,100 | 300,763 | ||||||
2022-2 A11, 5.00%, 8/25/52 1, 4 | 307,969 | 287,131 | ||||||
2023-6 A2, 6.00%, 12/26/53 1, 4 | 135,180 | 134,784 | ||||||
2023-10 A8, 6.00%, 5/25/54 1, 4 | 150,000 | 150,443 | ||||||
2024-1 A8, 6.00%, 6/25/54 1, 4 | 200,000 | 196,629 | ||||||
2024-2 A8A, 6.00%, 8/25/54 1, 4 | 125,000 | 124,657 | ||||||
New Residential Mortgage Loan Trust: | ||||||||
2018-3A A1, 4.50%, 5/25/58 1, 4 | 31,806 | 30,553 | ||||||
Sequoia Mortgage Trust: | ||||||||
2020-4 A5, 2.50%, 11/25/50 1, 4 | 39,423 | 35,445 |
Name of Issuer | Principal Amount ($) | Fair Value ($) | ||||||
Vendee Mortgage Trust: | ||||||||
2008-1 B, 5.72%, 3/15/25 1 | 5,815 | 5,833 | ||||||
Wells Fargo Mortgaged Backed Securities Trust: | ||||||||
2020-5 A3, 2.50%, 9/25/50 1, 4 | 32,022 | 28,686 | ||||||
|
| |||||||
|
4,236,051 |
| ||||||
|
| |||||||
Corporate Bonds - 6.4% | ||||||||
American Tower Trust, 5.49%, 3/15/28 4 | 150,000 | 151,327 | ||||||
Bank of New York Mellon Corp., | 175,000 | 190,799 | ||||||
Charles Stark Draper Lab., Inc., 4.39%, 9/1/48 | 100,000 | 87,291 | ||||||
Consumers Energy Co., 4.35%, 8/31/64 | 50,000 | 39,256 | ||||||
CVS Pass-Through Trust, 7.51%, 1/10/32 4 | 133,113 | 137,870 | ||||||
Delta Air Lines 2015-1 Class AA Pass Through Trust, 3.63%, 7/30/27 | 110,170 | 104,199 | ||||||
Duke Energy Florida, LLC: | ||||||||
2.54%, 9/1/29 | 39,398 | 36,474 | ||||||
2.86%, 3/1/33 | 120,000 | 103,596 | ||||||
Entergy Louisiana, LLC, 4.95%, 1/15/45 | 200,000 | 184,566 | ||||||
Equifax, Inc., 7.00%, 7/1/37 | 116,000 | 128,696 | ||||||
Evergy Kansas Central, Inc., 5.90%, 11/15/33 | 175,000 | 183,725 | ||||||
Evergy Missouri West Storm Funding I, LLC, 5.10%, 12/1/38 | 100,000 | 100,871 | ||||||
Exelon Corp., 7.60%, 4/1/32 | 75,000 | 85,218 | ||||||
Fairfax Financial Holdings, 7.75%, 7/15/37 | 150,000 | 165,466 | ||||||
First-Citizens Bank & Trust Co. | 175,000 | 168,352 | ||||||
GATX Corp., 6.90%, 5/1/34 | 175,000 | 191,053 | ||||||
Halliburton Co., 7.60%, 8/15/96 4 | 75,000 | 85,058 | ||||||
JPMorgan Chase & Co., 4.59%, 4/26/33 1 | 50,000 | 47,925 | ||||||
KeyCorp, 2.55%, 10/1/29 | 225,000 | 190,301 | ||||||
Leidos, Inc., 7.13%, 7/1/32 | 50,000 | 54,026 | ||||||
Louisville Gas & Electric Co., 5.45%, 4/15/33 | 50,000 | 51,067 | ||||||
Nationwide Mutual Insurance Co. |
| 195,000 |
|
| 195,016 |
| ||
Northern Trust Corp. (Subordinated), 3 Mo. Libor + 1.13, 3.38%, 5/8/32 1 | 250,000 | 233,137 | ||||||
Polar Tankers, Inc., 5.95%, 5/10/37 4 | 93,479 | 95,358 | ||||||
Principal Life Global Funding II, 5.10%, 1/25/29 4 | 100,000 | 99,797 | ||||||
SBA Tower Trust, 6.60%, 1/15/28 4 | 145,000 | 148,614 | ||||||
Security Benefit Life Insurance Co. (Subordinated), 7.45%, 10/1/33 4 | 100,000 | 95,347 | ||||||
State Street Corp., 5.16%, 5/18/34 1 | 175,000 | 174,314 | ||||||
Truist Financial Corp., 7.16%, 10/30/29 1 | 175,000 | 186,769 | ||||||
Union Electric Co., 4.00%, 4/1/48 | 100,000 | 79,819 | ||||||
United Airlines 2019-2 Class AA Pass Through Trust, 2.70%, 5/1/32 | 125,021 | 107,021 | ||||||
Unum Group, 7.25%, 3/15/28 | 25,000 | 26,470 | ||||||
|
| |||||||
|
3,928,798 |
| ||||||
|
| |||||||
Federal Home Loan Mortgage Corporation - 0.2% |
| |||||||
7.50%, 10/1/38 | 97,855 | 103,820 | ||||||
8.50%, 5/1/31 | 43,383 | 44,528 | ||||||
|
| |||||||
148,348 | ||||||||
|
| |||||||
Federal National Mortgage Association - 2.5% |
| |||||||
4.50%, 7/1/52 | 312,428 | 297,782 |
2 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
Sit Balanced Fund (Continued)
Name of Issuer | Principal Amount ($) | Fair Value ($) | ||||||
4.50%, 9/1/52 | 318,195 | 303,278 | ||||||
5.00%, 1/1/30 | 130,252 | 129,472 | ||||||
5.50%, 8/1/56 | 150,624 | 154,434 | ||||||
6.00%, 7/1/41 | 124,120 | 128,039 | ||||||
6.00%, 9/1/53 | 166,046 | 167,637 | ||||||
6.00%, 10/1/53 | 339,975 | 343,812 | ||||||
6.50%, 9/1/27 | 12,719 | 13,000 | ||||||
7.00%, 1/1/32 | 4,155 | 4,143 | ||||||
7.00%, 3/1/33 | 7,921 | 8,035 | ||||||
7.00%, 12/1/38 | 5,935 | 6,005 | ||||||
8.36%, 7/15/26 | 424 | 422 | ||||||
|
| |||||||
|
1,556,059 |
| ||||||
|
| |||||||
Government National Mortgage Association - 1.6% |
| |||||||
3.50%, 2/20/52 | 258,218 | 235,166 | ||||||
4.00%, 9/20/52 | 235,718 | 216,651 | ||||||
5.00%, 5/20/48 | 20,612 | 20,486 | ||||||
5.50%, 9/20/52 | 88,237 | 87,116 | ||||||
5.50%, 8/20/62 | 207,867 | 206,611 | ||||||
6.00%, 9/20/53 | 173,730 | 174,165 | ||||||
6.50%, 11/20/38 | 8,674 | 8,781 | ||||||
7.00%, 12/15/24 | 664 | 665 | ||||||
7.00%, 11/20/27 | 3,247 | 3,320 | ||||||
7.00%, 9/20/29 | 10,682 | 10,922 | ||||||
7.00%, 9/20/38 | 5,458 | 5,606 | ||||||
7.50%, 4/20/32 | 7,169 | 7,207 | ||||||
|
| |||||||
|
976,696 |
| ||||||
|
| |||||||
Taxable Municipal Securities - 5.1% | ||||||||
Benton & Polk Sch. Dist. No. 17J G.O., 5.47%, 6/15/27 | 150,000 | 153,026 | ||||||
Chicago Park Dist., 2.53%, 1/1/34 | 235,000 | 187,861 | ||||||
City of Aurora G.O., 5.01%, 12/30/30 | 300,000 | 302,682 | ||||||
CO Health Facs. Auth., 3.13%, 5/15/27 | 250,000 | 224,215 | ||||||
Colorado Edu. & Cultural Fac. Auth., 3.97%, 3/1/56 | 205,000 | 163,557 | ||||||
Coventry Local Sch. Dist., 2.20%, 11/1/29 | 200,000 | 174,422 | ||||||
LaGrange Co. Regional Utility Dist., 2.98%, 1/1/40 | 230,000 | 182,588 | ||||||
Maricopa Co. Industrial Dev. Auth., 3.50%, 7/1/44 4 | 100,000 | 78,828 | ||||||
Massachusetts Edu. Auth.: | ||||||||
4.41%, 7/1/34 | 15,000 | 14,334 | ||||||
4.95%, 7/1/38 | 195,000 | 186,445 | ||||||
5.95%, 7/1/44 | 150,000 | 151,137 | ||||||
MN Hsg. Fin. Agy., 2.31%, 1/1/27 | 135,000 | 126,126 | ||||||
NY State Dormitory Auth., 2.69%, 7/1/35 | 200,000 | 159,676 | ||||||
Public Fin. Auth., 4.23%, 7/1/32 | 105,000 | 99,572 | ||||||
State of Connecticut G.O., 5.09%, 10/1/30 | 100,000 | 100,233 | ||||||
Texas Children’s Hospital, 3.37%, 10/1/29 17 | 115,000 | 108,372 | ||||||
Utah Charter Sch. Fin. Auth., 2.40%, 10/15/27 | 205,000 | 187,714 | ||||||
VA Hsg. Dev. Auth., 2.21%, 11/1/30 | 250,000 | 214,915 | ||||||
VT Hsg. Fin. Agy., 6.25%, 11/1/54 | 200,000 | 207,430 | ||||||
WA State Hsg. Fin. Comm., 3.50%, 7/1/24 4 | 20,000 | 19,860 | ||||||
Wichita Falls, 1.65%, 9/1/28 | 145,000 | 128,293 | ||||||
|
| |||||||
|
3,171,286 |
| ||||||
|
|
Name of Issuer | Principal Amount ($) | Fair Value ($) | ||||||
U.S. Treasury / Federal Agency Securities - 6.4% |
| |||||||
U.S. Treasury - 6.4% | ||||||||
U.S. Treasury Bonds: | ||||||||
3.63%, 2/15/53 | 275,000 | 241,936 | ||||||
4.25%, 2/15/54 | 100,000 | 98,531 | ||||||
4.75%, 11/15/53 | 1,200,000 | 1,283,250 | ||||||
U.S. Treasury Notes: | ||||||||
3.75%, 12/31/28 | 150,000 | 146,883 | ||||||
4.00%, 1/31/29 | 1,725,000 | 1,708,154 | ||||||
4.50%, 11/15/33 | 450,000 | 460,406 | ||||||
|
| |||||||
|
3,939,160 |
| ||||||
|
| |||||||
Total Bonds | 18,112,947 | |||||||
|
| |||||||
| ||||||||
Name of Issuer | Quantity | Fair Value ($) | ||||||
Investment Companies 4.6% | ||||||||
Angel Oak Financial Strategies Income Trust | 6,700 | 83,683 | ||||||
BlackRock Credit Allocation Income Trust | 12,250 | 130,953 | ||||||
BlackRock Enhanced Government Fund | 4,174 | 39,611 | ||||||
BlackRock Income Trust, Inc. | 3,200 | 38,080 | ||||||
BlackRock Municipal Income Fund, Inc. | 11,100 | 133,866 | ||||||
BlackRock Taxable Municipal Bond Trust | 10,671 | 174,364 | ||||||
DWS Municipal Income Trust | 10,500 | 94,815 | ||||||
Eaton Vance California Municipal Bond Fund | 2,000 | 18,900 | ||||||
Eaton Vance Municipal Bond Fund | 11,100 | 114,885 | ||||||
Eaton Vance New York Municipal Bond Fund | 1,100 | 10,681 | ||||||
First Trust Mortgage Income Fund | 3,800 | 46,265 | ||||||
Invesco Municipal Opportunity Trust | 21,395 | 208,173 | ||||||
Invesco PA Value Municipal Income Trust | 3,900 | 39,975 | ||||||
Invesco Trust for Investment Grade NY Munis | 5,500 | 59,125 | ||||||
MFS Intermediate Income Trust | 62,200 | 165,452 | ||||||
Nuveen AMT-Free Muni Credit Income Fund | 20,900 | 253,935 | ||||||
Nuveen AMT-Free Quality Muni Income Fund | 18,300 | 202,581 | ||||||
Nuveen Multi-Market Income Fund | 17,353 | 105,680 | ||||||
Nuveen NJ Quality Muni Income Fund | 8,100 | 97,848 | ||||||
Nuveen NY AMT-Free Quality Muni Fund | 7,400 | 80,438 | ||||||
Nuveen PA Quality Muni Income Fund | 7,100 | 83,922 | ||||||
Nuveen Quality Municipal Income Fund | 12,500 | 143,250 | ||||||
Nuveen Taxable Municipal Income Fund | 5,967 | 91,414 | ||||||
Putnam Master Intermediate Income Trust | 61,000 | 195,200 | ||||||
Putnam Premier Income Trust | 45,692 | 160,836 | ||||||
TCW Strategic Income Fund, Inc. | 18,000 | 86,580 | ||||||
|
| |||||||
Total Investment Companies | 2,860,512 | |||||||
|
| |||||||
Short-Term Securities - 1.5% | ||||||||
Fidelity Inst. Money Mkt. Gvt. Fund, 5.25% | 905,732 | 905,732 | ||||||
|
| |||||||
Total Investments in Securities - 100.1% | 61,812,470 | |||||||
Other Assets and Liabilities, net - (0.1)% | (89,563 | ) | ||||||
|
| |||||||
Net Assets - 100.0% | $61,722,907 | |||||||
|
|
MARCH 31, 2024 | 3 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
Sit Balanced Fund (Continued)
* | Non-income producing security. |
1 | Variable rate security. Rate disclosed is as of March 31, 2024. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions, or, for mortgage-backed securities, are impacted by the individual mortgages which are paying off over time. These securities do not indicate a reference rate and spread in their descriptions. |
4 | 144A Restricted Security. The total value of such securities as of March 31, 2024 was $4,162,519 and represented 6.7% of net assets. These securities have been determined to be liquid by the Adviser in accordance with guidelines established by the Board of Directors. |
17 | Security that is either an absolute and unconditional obligation of the United States Government or is collateralized by securities, loans, or leases guaranteed by the U.S. Government or its agencies or instrumentalities. |
ADR — American Depositary Receipt |
LLC — Limited Liability Company |
PLC — Public Limited Company |
Numeric footnotes not disclosed are not applicable to this Schedule of Investments.
A summary of the levels for the Fund’s investments as of March 31, 2024 is as follows:
Investment in Securities | ||||||||||||||||
Level 1 |
Level 2 |
Level 3 | ||||||||||||||
Quoted Prices ($) | Other significant observable inputs ($) | Significant unobservable inputs ($) | Total ($) | |||||||||||||
Common Stocks** | 39,933,279 | — | — | 39,933,279 | ||||||||||||
Asset-Backed Securities | — | 156,549 | — | 156,549 | ||||||||||||
Collateralized Mortgage Obligations | — | 4,236,051 | — | 4,236,051 | ||||||||||||
Corporate Bonds | — | 3,928,798 | — | 3,928,798 | ||||||||||||
Federal Home Loan Mortgage Corporation | — | 148,348 | — | 148,348 | ||||||||||||
Federal National Mortgage Association | — | 1,556,059 | — | 1,556,059 | ||||||||||||
Government National Mortgage Association | — | 976,696 | — | 976,696 | ||||||||||||
Taxable Municipal Securities | — | 3,171,286 | — | 3,171,286 | ||||||||||||
U.S. Treasury / Federal Agency Securities | — | 3,939,160 | — | 3,939,160 | ||||||||||||
Investment Companies | 2,860,512 | — | — | 2,860,512 | ||||||||||||
Short-Term Securities | 905,732 | — | — | 905,732 | ||||||||||||
Total: | 43,699,523 | 18,112,947 | — | 61,812,470 |
** | For equity securities categorized in a single level, refer to the detail above 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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