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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