0001752724-21-251084.txt : 20211123 0001752724-21-251084.hdr.sgml : 20211123 20211123102712 ACCESSION NUMBER: 0001752724-21-251084 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210930 FILED AS OF DATE: 20211123 PERIOD START: 20220630 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SIT MUTUAL FUNDS INC CENTRAL INDEX KEY: 0000877880 IRS NUMBER: 000000000 STATE OF INCORPORATION: MN FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-06373 FILM NUMBER: 211435594 BUSINESS ADDRESS: STREET 1: 3300 IDS CTR, 80 SOUTH 8TH ST CITY: MINNEAPOLIS STATE: MN ZIP: 55402-4130 BUSINESS PHONE: 612-332-3223 MAIL ADDRESS: STREET 1: 3300 IDS CTR, 80 SOUTH 8TH ST CITY: MINNEAPOLIS STATE: MN ZIP: 55402-4130 FORMER COMPANY: FORMER CONFORMED NAME: SIT NEW BEGINNING MUTUAL FUNDS INC DATE OF NAME CHANGE: 19920929 0000877880 S000023468 Sit Global Dividend Growth Fund C000069003 Sit Global Dividend Growth Fund - Class I GDGIX C000071096 Sit Global Dividend Growth Fund - Class S GDGSX NPORT-P 1 primary_doc.xml NPORT-P false 0000877880 XXXXXXXX S000023468 C000071096 C000069003 SIT MUTUAL FUNDS INC 811-06373 0000877880 254900G3NOOZ0B3T2Q46 80 S. Eighth Street Suite 3300 Minneapolis 55402 612-332-3223 Sit Global Dividend Growth Fund S000023468 254900TZG570AN0A5V42 2022-06-30 2021-09-30 N 45696768.58 41191.23 45655577.35 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 27752.33000000 N Logitech International SA 549300SN6PRK6IJJC215 Logitech International SA 000000000 9625.00000000 NS USD 848443.75000000 1.858357290054 Long EC CORP CH N 1 N N N Johnson & Johnson 549300G0CFPGEF6X2043 Johnson & Johnson 478160104 6925.00000000 NS USD 1118387.50000000 2.449618567795 Long EC CORP US N 1 N N N Home Depot Inc/The QEKMOTMBBKA8I816DO57 Home Depot Inc/The 437076102 2550.00000000 NS USD 837063.00000000 1.833429886524 Long EC CORP US N 1 N N N Otis Worldwide Corp 549300ZLBKR8VSU25153 Otis Worldwide Corp 68902V107 3875.00000000 NS USD 318835.00000000 0.698348413285 Long EC CORP US N 1 N N N PepsiCo Inc FJSUNZKFNQ5YPJ5OT455 PepsiCo Inc 713448108 5775.00000000 NS USD 868617.75000000 1.902544662486 Long EC CORP US N 1 N N N Alphabet Inc 5493006MHB84DD0ZWV18 Alphabet Inc 02079K305 450.00000000 NS USD 1203084.00000000 2.635130404281 Long EC CORP US N 1 N N N Chubb Ltd E0JAN6VLUDI1HITHT809 Chubb Ltd 000000000 1750.00000000 NS USD 303590.00000000 0.664957093133 Long EC CORP CH N 1 N N N JPMorgan Chase & Co 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co 46625H100 7350.00000000 NS USD 1203121.50000000 2.635212541014 Long EC CORP US N 1 N N N Safran SA 969500UIC89GT3UL7L24 Safran SA 786584102 7700.00000000 NS USD 244013.00000000 0.534464821525 Long EC CORP FR N 1 N N N Trane Technologies PLC 549300BURLR9SLYY2705 Trane Technologies PLC 000000000 2175.00000000 NS USD 375513.75000000 0.822492610533 Long EC CORP IE N 1 N N N Partners Group Holding AG 549300I3IVVWZWDHI788 Partners Group Holding AG 000000000 725.00000000 NS 1131463.57000000 2.478259252590 Long EC CORP CH N 2 N N N CVS Health Corp 549300EJG376EN5NQE29 CVS Health Corp 126650100 6625.00000000 NS USD 562197.50000000 1.231388436269 Long EC CORP US N 1 N N N BHP Group Ltd WZE1WSENV6JSZFK0JC28 BHP Group Ltd 088606108 6150.00000000 NS USD 329148.00000000 0.720937110217 Long EC CORP AU N 1 N N N RELX PLC 549300WSX3VBUFFJOO66 RELX PLC 000000000 17550.00000000 NS 508030.05000000 1.112744771806 Long EC CORP GB N 2 N N N Siemens Energy AG 5299005CHJZ14D4FDJ62 Siemens Energy AG 000000000 1600.00000000 NS 42799.18000000 0.093743596038 Long EC CORP DE N 2 N N N Astellas Pharma Inc 529900IB708DY2HBBB35 Astellas Pharma Inc 000000000 29900.00000000 NS 492125.80000000 1.077909487875 Long EC CORP JP N 2 N N N Goldman Sachs Group Inc/The 784F5XWPLTWKTBV3E584 Goldman Sachs Group Inc/The 38141G104 1400.00000000 NS USD 529242.00000000 1.159205579512 Long EC CORP US N 1 N N N Recruit Holdings Co Ltd 353800R2LRSMVVC4I806 Recruit Holdings Co Ltd 000000000 10800.00000000 NS 660159.26000000 1.445955342847 Long EC CORP JP N 2 N N N Microsoft Corp INR2EJN1ERAN0W5ZP974 Microsoft Corp 594918104 10725.00000000 NS USD 3023592.00000000 6.622612560171 Long EC CORP US N 1 N N N Waste Management Inc 549300YX8JIID70NFS41 Waste Management Inc 94106L109 5100.00000000 NS USD 761736.00000000 1.668440186749 Long EC CORP US N 1 N N N Apple Inc HWUPKR0MPOU8FGXBT394 Apple Inc 037833100 19200.00000000 NS USD 2716800.00000000 5.950642085133 Long EC CORP US N 1 N N N salesforce.com Inc RCGZFPDMRW58VJ54VR07 salesforce.com Inc 79466L302 725.00000000 NS USD 196634.50000000 0.430691081820 Long EC CORP US N 1 N N N UnitedHealth Group Inc 549300GHBMY8T5GXDE41 UnitedHealth Group Inc 91324P102 1625.00000000 NS USD 634952.50000000 1.390744651266 Long EC CORP US N 1 N N N Lonza Group AG 549300EFW4H2TCZ71055 Lonza Group AG 000000000 950.00000000 NS 712604.32000000 1.560826434275 Long EC CORP CH N 2 N N N Union Pacific Corp 549300LMMRSZZCZ8CL11 Union Pacific Corp 907818108 4050.00000000 NS USD 793840.50000000 1.738759087229 Long EC CORP US N 1 N N N AbbVie Inc FR5LCKFTG8054YNNRU85 AbbVie Inc 00287Y109 3975.00000000 NS USD 428783.25000000 0.939169483528 Long EC CORP US N 1 N N N Nestle SA KY37LUS27QQX7BB93L28 Nestle SA 000000000 6075.00000000 NS 731977.16000000 1.603259015626 Long EC CORP CH N 2 N N N Lockheed Martin Corp DPRBOZP0K5RM2YE8UU08 Lockheed Martin Corp 539830109 1565.00000000 NS USD 540081.50000000 1.182947476186 Long EC CORP US N 1 N N N ST Engineering 254900OEXGGWCR24DG90 Singapore Technologies Engineering Ltd 000000000 158600.00000000 NS 442723.17000000 0.969702270121 Long EC CORP SG N 2 N N N Medtronic PLC 549300GX3ZBSQWUXY261 Medtronic PLC 000000000 4575.00000000 NS USD 573476.25000000 1.256092427883 Long EC CORP IE N 1 N N N HomeServe PLC 213800EKBJTGNMXEDF11 HomeServe PLC 000000000 33725.00000000 NS 411014.43000000 0.900250207875 Long EC CORP GB N 1 N N N Sherwin-Williams Co/The Z15BMIOX8DDH0X2OBP21 Sherwin-Williams Co/The 824348106 2400.00000000 NS USD 671352.00000000 1.470470945648 Long EC CORP US N 1 N N N McDonald's Corp UE2136O97NLB5BYP9H04 McDonald's Corp 580135101 1860.00000000 NS USD 448464.60000000 0.982277798311 Long EC CORP US N 1 N N N Macquarie Group Ltd ACMHD8HWFMFUIQQ8Y590 Macquarie Group Ltd 000000000 3900.00000000 NS 503865.54000000 1.103623191833 Long EC CORP AU N 2 N N N Faurecia SE 969500F0VMZLK2IULV85 Faurecia SE 000000000 9175.00000000 NS 431661.81000000 0.945474430628 Long EC CORP FR N 2 N N N Atlassian Corp PLC 549300AGBII4MWBVJY22 Atlassian Corp PLC 000000000 3525.00000000 NS USD 1379755.50000000 3.022096269690 Long EC CORP AU N 1 N N N FedEx Corp 549300E707U7WNPZN687 FedEx Corp 31428X106 1950.00000000 NS USD 427615.50000000 0.936611745640 Long EC CORP US N 1 N N N Abbott Laboratories HQD377W2YR662HK5JX27 Abbott Laboratories 002824100 7400.00000000 NS USD 874162.00000000 1.914688304779 Long EC CORP US N 1 N N N Siemens AG W38RGI023J3WT1HWRP32 Siemens AG 000000000 4350.00000000 NS 711447.04000000 1.558291628963 Long EC CORP DE N 2 N N N Linde PLC 8945002PAZHZLBGKGF02 Linde PLC 000000000 700.00000000 NS USD 205366.00000000 0.449815798901 Long EC CORP GB N 1 N N N WEC Energy Group Inc 549300IGLYTZUK3PVP70 WEC Energy Group Inc 92939U106 6150.00000000 NS USD 542430.00000000 1.188091426030 Long EC CORP US N 1 N N N Applied Materials Inc 41BNNE1AFPNAZELZ6K07 Applied Materials Inc 038222105 8175.00000000 NS USD 1052367.75000000 2.305014657754 Long EC CORP US N 1 N N N BAE Systems PLC 8SVCSVKSGDWMW2QHOH83 BAE Systems PLC 000000000 74675.00000000 NS 565592.64000000 1.238824855206 Long EC CORP GB N 2 N N N Thermo Fisher Scientific Inc HCHV7422L5HDJZCRFL38 Thermo Fisher Scientific Inc 883556102 1175.00000000 NS USD 671312.75000000 1.470384975867 Long EC CORP US N 1 N N N T Rowe Price Group Inc 549300SIV6FPS9Y7IH33 T Rowe Price Group Inc 74144T108 4250.00000000 NS USD 835975.00000000 1.831046826089 Long EC CORP US N 1 N N N Scotts Miracle-Gro Co/The 2TH9E0JTOUXOEGI2R879 Scotts Miracle-Gro Co/The 810186106 2675.00000000 NS USD 391513.00000000 0.857535974189 Long EC CORP US N 1 N N N Honeywell International Inc ISRPG12PN4EIEOEMW547 Honeywell International Inc 438516106 3200.00000000 NS USD 679296.00000000 1.487870791321 Long EC CORP US N 1 N N N Bank of America Corp 9DJT3UXIJIZJI4WXO774 Bank of America Corp 060505104 16300.00000000 NS USD 691935.00000000 1.515554156057 Long EC CORP US N 1 N N N Mondelez International Inc 549300DV9GIB88LZ5P30 Mondelez International Inc 609207105 7100.00000000 NS USD 413078.00000000 0.904770071865 Long EC CORP US N 1 N N N Constellation Brands Inc 5493005GKEG8QCVY7037 Constellation Brands Inc 21036P108 2750.00000000 NS USD 579397.50000000 1.269061818139 Long EC CORP US N 1 N N N London Stock Exchange Group PL 213800QAUUUP6I445N30 London Stock Exchange Group PLC 000000000 6875.00000000 NS 688931.60000000 1.508975770295 Long EC CORP GB N 2 N N N Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen 529900MUF4C20K50JS49 Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen 000000000 650.00000000 NS 177365.06000000 0.388484978823 Long EC CORP DE N 2 N N N Iberdrola SA 5QK37QC7NWOJ8D7WVQ45 Iberdrola SA 000000000 60400.00000000 NS 607650.23000000 1.330944137102 Long EC CORP ES N 2 N N N FIDELITY INVESTMENTS MONEY MARKET FUNDS - GOVERNMENT PORTFOLIO N/A FIDELITY GOVERNMENT PORT-I 316175108 980070.41000000 NS USD 980070.41000000 2.146660861359 Long STIV RF US N 1 N N N Diageo PLC 213800ZVIELEA55JMJ32 Diageo PLC 25243Q205 4225.00000000 NS USD 815425.00000000 1.786035896006 Long EC CORP GB N 1 N N N adidas AG 549300JSX0Z4CW0V5023 adidas AG 000000000 1385.00000000 NS 435245.35000000 0.953323504515 Long EC CORP DE N 2 N N N AstraZeneca PLC PY6ZZQWO2IZFZC3IOL08 AstraZeneca PLC 046353108 15400.00000000 NS USD 924924.00000000 2.025872968179 Long EC CORP GB N 1 N N N Accenture PLC N/A Accenture PLC 000000000 3675.00000000 NS USD 1175706.00000000 2.575164017721 Long EC CORP IE N 1 N N N Euronet Worldwide Inc YG3575C4DSHJPA5KET68 Euronet Worldwide Inc 298736109 2800.00000000 NS USD 356384.00000000 0.780592472345 Long EC CORP US N 1 N N N Arthur J Gallagher & Co 54930049QLLMPART6V29 Arthur J Gallagher & Co 363576109 3775.00000000 NS USD 561153.75000000 1.229102297180 Long EC CORP US N 1 N N N Ericsson 549300W9JLPW15XIFM52 Telefonaktiebolaget LM Ericsson 294821608 26975.00000000 NS USD 302120.00000000 0.661737333171 Long EC CORP SE N 1 N N N Starbucks Corp OQSJ1DU9TAOC51A47K68 Starbucks Corp 855244109 6000.00000000 NS USD 661860.00000000 1.449680495607 Long EC CORP US N 1 N N N Broadcom Inc 549300WV6GIDOZJTV909 Broadcom Inc 11135F101 1825.00000000 NS USD 884997.25000000 1.938420892622 Long EC CORP US N 1 N N N Allianz SE 529900K9B0N5BT694847 Allianz SE 018820100 35000.00000000 NS USD 786100.00000000 1.721804970231 Long EC CORP DE N 1 N N N Verizon Communications Inc 2S72QS2UO2OESLG6Y829 Verizon Communications Inc 92343V104 11200.00000000 NS USD 604912.00000000 1.324946556611 Long EC CORP US N 1 N N N 2021-11-17 SIT MUTUAL FUNDS INC Paul Rasmussen Paul Rasmussen VP, Treasurer & Chief Compliance Officer XXXX NPORT-EX 2 SI91SIT093021.htm HTML
    

SCHEDULE OF INVESTMENTS (Unaudited)

September 30, 2021

 

Sit Global Dividend Growth Fund

Investments are grouped by geographic region

 

 

  
Name of Issuer       Quantity           Fair Value ($)  

 

  

Common Stocks - 97.7%

    

Asia - 8.4%

   

Australia - 4.9%

   

Atlassian Corp., PLC *

    3,525       1,379,755  

BHP Group, Ltd. ADR

     6,150       329,148  

Macquarie Group, Ltd.

     3,900       503,866  
   

 

 

  
      2,212,769  
   

 

 

  

Japan - 2.5%

   

Astellas Pharma, Inc.

     29,900       492,126  

Recruit Holdings Co., Ltd.

     10,800       660,159  
   

 

 

  
      1,152,285  
   

 

 

  

Singapore - 1.0%

   

Singapore Technologies Engineering, Ltd.

     158,600       442,723  

Europe - 30.0%

   

France - 1.5%

   

Faurecia SE

     9,175       431,662  

Safran SA, ADR

     7,700       244,013  
   

 

 

  
      675,675  
   

 

 

  

Germany - 4.7%

    

adidas AG

     1,385       435,245  

Allianz SE, ADR

     35,000       786,100  

Muenchener Rueckversicherungs AG

     650       177,365  

Siemens AG

     4,350       711,447  

Siemens Energy AG *

    1,600       42,799  
   

 

 

  
      2,152,956  
   

 

 

  

Ireland - 5.1%

   

Accenture, PLC

     3,675       1,175,706  

Linde, PLC

     700       205,366  

Medtronic, PLC

     4,575       573,476  

Trane Technologies, PLC

     2,175       375,514  
   

 

 

  
      2,330,062  
   

 

 

  

Spain - 1.3%

   

Iberdrola SA

     60,400       607,650  
   

 

 

  

Sweden - 0.6%

   

Telefonaktiebolaget LM Ericsson, ADR

     26,975       302,120  
   

 

 

  

Switzerland - 8.2%

   

Chubb, Ltd.

     1,750       303,590  

Logitech International SA

     9,625       848,444  

Lonza Group AG

     950       712,604  

Nestle SA

     6,075       731,977  

Partners Group Holding AG

     725       1,131,464  
   

 

 

  
      3,728,079  
   

 

 

  

United Kingdom - 8.6%

   

AstraZeneca, PLC, ADR

     15,400       924,924  

BAE Systems, PLC

     74,675       565,593  

Diageo, PLC, ADR

     4,225       815,425  

HomeServe, PLC

     33,725       411,014  

London Stock Exchange Group, PLC

     6,875       688,932  

RELX, PLC

     17,550       508,030  
   

 

 

  
      3,913,918  
   

 

 

  

 

    

    

 

 

  
Name of Issuer        Quantity            Fair Value ($)  

 

  

North America - 59.3%

     

United States - 59.3%

     

Abbott Laboratories

      7,400        874,162  

AbbVie, Inc.

      3,975        428,783  

Alphabet, Inc. - Class A *

     450        1,203,084  

Apple, Inc.

      19,200        2,716,800  

Applied Materials, Inc.

      8,175        1,052,368  

Arthur J Gallagher & Co.

      3,775        561,154  

Bank of America Corp.

      16,300        691,935  

Broadcom, Inc.

      1,825        884,997  

Constellation Brands, Inc.

      2,750        579,398  

CVS Health Corp.

      6,625        562,198  

Euronet Worldwide, Inc. *

     2,800        356,384  

FedEx Corp.

      1,950        427,616  

Goldman Sachs Group, Inc.

      1,400        529,242  

Home Depot, Inc.

      2,550        837,063  

Honeywell International, Inc.

      3,200        679,296  

Johnson & Johnson

      6,925        1,118,387  

JPMorgan Chase & Co.

      7,350        1,203,121  

Lockheed Martin Corp.

      1,565        540,081  

McDonald’s Corp.

      1,860        448,465  

Microsoft Corp.

      10,725        3,023,592  

Mondelez International, Inc.

      7,100        413,078  

Otis Worldwide Corp.

      3,875        318,835  

PepsiCo, Inc.

      5,775        868,618  

salesforce.com, Inc. *

     725        196,635  

Scotts Miracle-Gro Co.

      2,675        391,513  

Sherwin-Williams Co.

      2,400        671,352  

Starbucks Corp.

      6,000        661,860  

T Rowe Price Group, Inc.

      4,250        835,975  

Thermo Fisher Scientific, Inc.

      1,175        671,313  

Union Pacific Corp.

      4,050        793,840  

UnitedHealth Group, Inc.

      1,625        634,952  

Verizon Communications, Inc.

      11,200        604,912  

Waste Management, Inc.

      5,100        761,736  

WEC Energy Group, Inc.

      6,150        542,430  
     

 

 

  
        27,085,175  
     

 

 

  

Total Common Stocks
(cost: $24,870,351)

         44,603,412  
     

 

 

  

Short-Term Securities - 2.2%

     

Fidelity Inst. Money Mkt. Gvt. Fund, 0.01%
(cost $1,005,748)

      1,005,748        1,005,748  
     

 

 

  

Total Investments in Securities - 99.9%
(cost $25,876,099)

 

      45,609,160  

Other Assets and Liabilities, net - 0.1%

 

      47,379  
     

 

 

  

Total Net Assets - 100.0%

 

      $45,656,539  
     

 

 

  

 

 

 

*

Non-income producing security.

ADR — American Depositary Receipt

PLC — Public Limited Company

 

 

   
SEPTEMBER 30, 2021    1

    

SCHEDULE OF INVESTMENTS (Unaudited)

September 30, 2021

Sit Global Dividend Growth Fund (Continued)

 

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

 

Portfolio Structure - By Sector    (% of Total Net Assets)

Technology Services

    17.5%

Finance

    16.2

Electronic Technology

    12.7

Health Technology

    12.7

Producer Manufacturing

    9.5

Consumer Non-Durables

    8.4

Consumer Services

    3.6

Retail Trade

    3.1

Process Industries

    2.8

Transportation

    2.7

Utilities

    2.5

Industrial Services

    1.7

Health Services

    1.4

Communications

    1.3

Commercial Services

    0.9

Non-Energy Minerals

    0.7

Short-Term Securities

    2.2
  

 

   99.9

Other Assets and Liabilities, net

    0.1
  

 

     100.0%
  

 

 

 

A summary of the levels for the Fund’s investments as of September 30, 2021 is as follows:

 

     Investment in Securities  
    

Level 1

Quoted
        Prices ($)        

      Level 2
Other significant
  observable inputs ($)  		     

Level 3

Significant
    unobservable inputs ($)    

              Total ($)          
  

 

 

  

Common Stocks

            

Australia

      1,708,903        503,866                  —                  2,212,769    

France

      244,013        431,662                  —                  675,675    

Germany

      786,100        1,366,856                  —                  2,152,956    

Ireland

      2,330,062        —                  —                  2,330,062    

Japan

      —        1,152,285                  —                  1,152,285    

Singapore

      —        442,723                  —                  442,723    

Spain

      —        607,650                  —                  607,650    

Sweden

      302,120        —                  —                  302,120    

Switzerland

      1,152,034        2,576,045                  —                  3,728,079    

United Kingdom

      2,151,363        1,762,555                  —                  3,913,918    

United States

      27,085,175        —                  —                  27,085,175    

Short-Term Securities

      1,005,748        —                  —                  1,005,748    
  

 

 

  

Total:

      36,765,518        8,843,642                  —                  45,609,160    
  

 

 

  

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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