Sit Balanced Fund (SIBAX) NPORT-P Sit ESG Growth Fund (Sep 2024 report)

SCHEDULE OF INVESTMENTS (Unaudited)

September 30, 2024

Sit ESG Growth Fund

Investments are grouped by geographic region.

Name of Issuer	Quantity		Fair Value ($)
Common Stocks - 96.2%
Asia - 6.7%
Japan - 5.5%
Keyence Corp.		200		95,126
Recruit Holdings Co., Ltd.		3,100		187,758
Sony Group Corp., ADR		2,175		210,040
Terumo Corp.		8,800		165,316
				658,240
Singapore - 1.2%
Singapore Technologies Engineering, Ltd.		37,400		135,603
Europe - 33.8%
Denmark - 1.3%
Novo Nordisk A/S, ADR		1,275		151,814
France - 1.6%
Forvia SE		2,358		24,222
Safran SA, ADR		2,750		161,925
				186,147
Germany - 6.1%
Allianz SE, ADR		8,800		288,816
Deutsche Post AG		1,550		69,067
Infineon Technologies AG		1,225		42,899
Muenchener Rueckversicherungs AG		275		151,313
Siemens AG, ADR		1,775		179,364
				731,459
Ireland - 6.6%
Accenture, PLC		750		265,110
CRH, PLC		1,200		111,288
Medtronic, PLC		725		65,272
Trane Technologies, PLC		875		340,139
				781,809
Netherlands - 0.4%
ASML Holding NV		65		54,161
Spain - 2.1%
Iberdrola SA, ADR		4,050		251,060
Switzerland - 2.6%
Chubb, Ltd.		250		72,098
Lonza Group AG		185		116,856
Nestle SA, ADR		1,200		120,804
				309,758
United Kingdom - 13.1%
AstraZeneca, PLC, ADR		3,625		282,424
BAE Systems, PLC, ADR		3,200		212,320
Coca-Cola Europacific Partners, PLC		2,100		165,375
Compass Group, PLC		3,600		115,223
Diageo, PLC, ADR		785		110,167
Entain, PLC		10,225		104,332
Man Group, PLC		55,725		157,794
RELX, PLC, ADR		4,700		223,062
Rentokil Initial, PLC, ADR		2,375		59,209
Smith & Nephew, PLC		8,050		124,629
				1,554,535

Name of Issuer	Quantity		Fair Value ($)
North America - 55.7%
United States - 55.7%
AbbVie, Inc.		160		31,597
Adobe, Inc. *		450		233,001
AES Corp.		3,025		60,681
Alphabet, Inc. - Class A		2,500		414,625
Apple, Inc.		3,600		838,800
Broadcom, Inc.		1,250		215,625
Cheniere Energy, Inc.		775		139,376
Dexcom, Inc. *		1,080		72,403
Ecolab, Inc.		325		82,982
FedEx Corp.		375		102,630
Gilead Sciences, Inc.		1,190		99,770
Goldman Sachs Group, Inc.		600		297,066
Home Depot, Inc.		745		301,874
JPMorgan Chase & Co.		1,075		226,674
Lockheed Martin Corp.		275		160,754
Microsoft Corp.		2,000		860,600
NIKE, Inc.		850		75,140
NVIDIA Corp.		10,000		1,214,400
PepsiCo, Inc.		875		148,794
salesforce.com, Inc.		850		232,654
Starbucks Corp.		1,000		97,490
T Rowe Price Group, Inc.		475		51,742
TJX Cos., Inc.		1,380		162,205
UnitedHealth Group, Inc.		500		292,340
Visa, Inc.		475		130,601
Williams Cos., Inc.		1,800		82,170
				6,625,994
Total Common Stocks (cost: $5,500,139)				11,440,580
Short-Term Securities - 3.7%
Fidelity Inst. Money Mkt. Gvt. Fund, 4.87% (cost $433,867)		433,867		433,867
Total Investments in Securities - 99.9% (cost $5,934,006)				11,874,447
Other Assets and Liabilities, net - 0.1%				11,978
Net Assets - 100.0%				$11,886,425

                          

* 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, 2024 1

SCHEDULE OF INVESTMENTS (Unaudited)

September 30, 2024

Sit ESG Growth Fund (Continued)

A summary of the levels for the Fund’s investments as of September 30, 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		151,814		—		—		151,814
France		186,147		—		—		186,147
Germany		731,459		—		—		731,459
Ireland		781,809		—		—		781,809
Japan		658,240		—		—		658,240
Netherlands		54,161		—		—		54,161
Singapore		135,603		—		—		135,603
Spain		251,060		—		—		251,060
Switzerland		309,758		—		—		309,758
United Kingdom		1,554,535		—		—		1,554,535
United States		6,625,994		—		—		6,625,994
Short-Term Securities		433,867		—		—		433,867
Total:		11,874,447		—		—		11,874,447

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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