NPORT-EX 2 SI91_SIT_Gl_Div_Fund.htm FOR VALIDATION PURPOSES ONLY - [864914.GDG]

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

 

Sit Global Dividend Growth Fund

Investments are grouped by geographic region.

Name of Issuer   

    

Quantity

      Fair Value ($)  

Common Stocks - 97.5%

      

Asia - 6.2%

      

Australia - 2.5%

      

Atlassian Corp., PLC *

     3,925        538,746  

Macquarie Group, Ltd.

      3,900        207,706  
     

 

 

  
        746,452  
     

 

 

  

Japan - 2.5%

      

Astellas Pharma, Inc.

      29,900        460,680  

Recruit Holdings Co., Ltd.

      10,800        278,978  
     

 

 

  
        739,658  
     

 

 

  

Singapore - 1.2%

      

Singapore Technologies Engineering, Ltd.

      158,600        346,989  
     

 

 

  

Europe - 30.7%

      

France - 0.9%

      

Safran SA, ADR

      4,900        106,869  

Sanofi, ADR

      3,800        166,136  
     

 

 

  
        273,005  
     

 

 

  

Germany - 4.3%

      

adidas AG

      1,385        307,508  

Allianz SE *

     35,000        593,250  

Aurelius SE & Co.

      5,500        100,108  

Siemens AG

      3,200        267,953  
     

 

 

  
        1,268,819  
     

 

 

  

Ireland - 3.1%

      

Accenture, PLC

      3,675        599,980  

Ingersoll-Rand, PLC *

     2,603        64,554  

Trane Technologies, PLC

      2,950        243,640  
     

 

 

  
        908,174  
     

 

 

  

Netherlands - 0.5%

      

LyondellBasell Industries NV

      3,225        160,057  
     

 

 

  

Spain - 2.9%

      

Iberdrola SA

      60,400        590,774  

Industria de Diseno Textil SA

      9,800        253,954  
     

 

 

  
        844,728  
     

 

 

  

Switzerland - 8.5%

      

Chubb, Ltd.

      1,750        195,458  

Logitech International SA

      12,950        555,944  

Lonza Group AG

      1,450        596,420  

Nestle SA

      7,525        770,318  

Partners Group Holding AG

      585        400,530  
     

 

 

  
        2,518,670  
     

 

 

  

United Kingdom - 10.5%

      

AstraZeneca, PLC, ADR

      15,400        687,764  

BAE Systems, PLC

      74,675        479,787  

Diageo, PLC, ADR

      4,225        537,082  
Name of Issuer   

    

Quantity

      Fair Value ($)  

DS Smith, PLC

      94,275        319,537  

London Stock Exchange Group, PLC

      6,875        615,007  

RELX, PLC

      21,200        453,251  
     

 

 

  
        3,092,428  
     

 

 

  

North America - 60.6%

      

Bermuda - 0.2%

      

Everest Re Group, Ltd.

      350        67,347  
     

 

 

  

Canada - 1.5%

      

Suncor Energy, Inc.

      10,275        162,345  

TC Energy Corp.

      6,300        279,090  
     

 

 

  
        441,435  
     

 

 

  

United States - 58.9%

      

Abbott Laboratories

      8,300        654,953  

Alphabet, Inc. - Class A *

     450        522,877  

Apple, Inc.

      4,000        1,017,160  

Applied Materials, Inc.

      8,175        374,578  

Arthur J Gallagher & Co.

      3,775        307,700  

Bank of America Corp.

      16,300        346,049  

Broadcom, Inc.

      1,825        432,708  

Chevron Corp.

      4,150        300,709  

Constellation Brands, Inc.

      2,750        394,240  

Euronet Worldwide, Inc. *

     2,800        240,016  

FedEx Corp.

      475        57,598  

Goldman Sachs Group, Inc.

      1,400        216,426  

Home Depot, Inc.

      2,550        476,110  

Honeywell International, Inc.

      3,200        428,128  

Intel Corp.

      8,625        466,785  

Johnson & Johnson

      6,925        908,075  

JPMorgan Chase & Co.

      7,350        661,720  

L3Harris Technologies, Inc.

      2,050        369,246  

Lockheed Martin Corp.

      1,565        530,457  

Marathon Petroleum Corp.

      7,950        187,779  

McDonald’s Corp.

      1,860        307,551  

Microsoft Corp.

      12,100        1,908,291  

Mondelez International, Inc.

      7,100        355,568  

PepsiCo, Inc.

      5,775        693,578  

Scotts Miracle-Gro Co.

      3,375        345,600  

Sherwin-Williams Co.

      800        367,616  

Starbucks Corp.

      9,875        649,182  

T Rowe Price Group, Inc.

      4,800        468,720  

Thermo Fisher Scientific, Inc.

      1,175        333,230  

Union Pacific Corp.

      4,050        571,212  

United Technologies Corp.

      3,375        318,364  

UnitedHealth Group, Inc.

      675        168,332  

US Bancorp

      7,900        272,155  
 

 

MARCH 31, 2020   1

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

 

Sit Global Dividend Growth Fund (Continued)

 

Name of Issuer   

    

Quantity

      Fair Value ($)  

Verizon Communications, Inc.

      12,750        685,058  

Waste Management, Inc.

      5,900        546,104  

WEC Energy Group, Inc.

      6,150        542,000  
     

 

 

  
        17,425,875  
     

 

 

  

Total Common Stocks
(cost: $25,445,168)

         28,833,637  
     

 

 

  

Short-Term Securities - 2.7%

      

Fidelity Inst. Money Mkt. Gvt. Fund, 0.30%

      797,502        797,502  
     

 

 

  

(cost: $797,502)

      

Total Investments in Securities - 100.2%
(cost: $26,242,670)

         29,631,139  

Other Assets and Liabilities, net - (0.2%)

         (50,430 ) 
     

 

 

  

Total Net Assets - 100.0%

         $29,580,709  
     

 

 

  

 

*

Non-income producing security.

ADR — American Depositary Receipt

PLC — Public Limited Company

Numeric footnotes not disclosed are not applicable to this Schedule of Investments.

 

Portfolio Structure - By Sector

   (% of Total Net Assets)

Finance

     15.1 % 

Technology Services

     13.8  

Health Technology

     12.9  

Producer Manufacturing

     10.7  

Consumer Non-Durables

     10.3  

Electronic Technology

     9.6  

Consumer Services

     4.8  

Process Industries

     4.0  

Utilities

     3.8  

Industrial Services

     2.8  

Communications

     2.3  

Energy Minerals

     2.2  

Transportation

     2.1  

Retail Trade

     1.6  

Consumer Durables

     0.9  

Health Services

     0.6  

Short-Term Securities

     2.7  
 

 

 

 

    100.2  

Other Assets and Liabilities, net

     (0.2 ) 
 

 

 

 

            100.0 %         
 

 

 

 

 

 

A summary of the levels for the Fund’s investments as of March 31, 2020 is as follows:

 

     Investment in Securities  
    

Level 1

Quoted

Price ($)

     

Level 2
Other significant

observable inputs ($)

  

Level 3

Significant

unobservable inputs ($)

      Total ($)  

Common Stocks

           

Australia

      538,746        207,706       —        746,452  

Bermuda

      67,347        —       —        67,347  

Canada

      441,435        —       —        441,435  

France

      273,005        —       —        273,005  

Germany

      593,250        675,569       —        1,268,819  

Ireland

      908,174        —       —        908,174  

Japan

      —        739,658       —        739,658  

Netherlands

      160,057        —       —        160,057  

Singapore

      —        346,989       —        346,989  

Spain

      —        844,728       —        844,728  

Switzerland

      751,402        1,767,268       —        2,518,670  

United Kingdom

      1,224,846        1,867,582       —        3,092,428  

United States

      17,425,875        —       —        17,425,875  

Short-Term Securities

      797,502        —       —        797,502  

Total:

      23,181,639        6,449,500         —        29,631,139  

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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