SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2021
Sit ESG Growth Fund
Investments are grouped by geographic region.
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Name of Issuer | Quantity | Fair Value ($) | ||||||
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Common Stocks - 95.9% |
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Asia - 9.9% |
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Japan - 9.0% |
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Astellas Pharma, Inc. |
6,400 | 105,338 | ||||||
Keyence Corp. |
200 | 119,374 | ||||||
Recruit Holdings Co., Ltd. |
3,100 | 189,490 | ||||||
Shiseido Co., Ltd. |
1,100 | 73,930 | ||||||
Sony Group Corp., ADR |
1,925 | 212,867 | ||||||
Terumo Corp. |
2,600 | 122,768 | ||||||
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823,767 | ||||||||
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Singapore - 0.9% |
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Singapore Technologies Engineering, Ltd. |
31,200 | 87,093 | ||||||
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Europe - 30.3% |
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France - 1.9% |
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Faurecia SE |
1,815 | 85,391 | ||||||
Safran SA, ADR |
2,750 | 87,148 | ||||||
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172,539 | ||||||||
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Germany - 5.2% |
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adidas AG, ADR |
650 | 102,778 | ||||||
Allianz SE, ADR |
8,800 | 197,648 | ||||||
Muenchener Rueckversicherungs AG |
125 | 34,109 | ||||||
Siemens AG, ADR |
1,775 | 145,798 | ||||||
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480,333 | ||||||||
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Ireland - 5.5% |
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Accenture, PLC |
575 | 183,954 | ||||||
CRH, PLC, ADR |
1,200 | 56,088 | ||||||
Medtronic, PLC |
900 | 112,815 | ||||||
Trane Technologies, PLC |
875 | 151,069 | ||||||
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503,926 | ||||||||
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Spain - 1.8% |
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Iberdrola SA, ADR |
4,050 | 162,972 | ||||||
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Sweden - 1.3% |
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Telefonaktiebolaget LM Ericsson, ADR |
11,175 | 125,160 | ||||||
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Switzerland - 6.2% |
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Logitech International SA |
1,550 | 136,633 | ||||||
Lonza Group AG |
185 | 138,770 | ||||||
Nestle SA, ADR |
1,200 | 144,252 | ||||||
Novartis AG, ADR |
1,800 | 147,204 | ||||||
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566,859 | ||||||||
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United Kingdom - 8.4% |
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AstraZeneca, PLC, ADR |
2,950 | 177,177 | ||||||
BAE Systems, PLC, ADR |
3,500 | 106,995 | ||||||
Coca-Cola Europacific Partners, PLC |
2,100 | 116,109 | ||||||
Diageo, PLC, ADR |
785 | 151,505 | ||||||
HomeServe, PLC |
6,525 | 79,521 | ||||||
RELX, PLC, ADR |
4,700 | 135,642 | ||||||
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766,949 | ||||||||
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North America - 55.7% |
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United States - 55.7% |
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3M Co. |
400 | 70,168 | ||||||
AbbVie, Inc. |
750 | 80,903 |
Name of Issuer | Quantity | Fair Value ($) | ||||||
Adobe, Inc. * |
450 | 259,074 | ||||||
Alphabet, Inc. - Class A * |
125 | 334,190 | ||||||
Apple, Inc. |
3,600 | 509,400 | ||||||
Baxter International, Inc. |
850 | 68,366 | ||||||
CVS Health Corp. |
1,550 | 131,533 | ||||||
Ecolab, Inc. |
600 | 125,172 | ||||||
Facebook, Inc. * |
700 | 237,573 | ||||||
FedEx Corp. |
375 | 82,234 | ||||||
Goldman Sachs Group, Inc. |
600 | 226,818 | ||||||
Home Depot, Inc. |
745 | 244,554 | ||||||
Johnson & Johnson |
975 | 157,462 | ||||||
JPMorgan Chase & Co. |
1,075 | 175,967 | ||||||
Lockheed Martin Corp. |
185 | 63,843 | ||||||
Microsoft Corp. |
2,000 | 563,840 | ||||||
NIKE, Inc. |
850 | 123,445 | ||||||
NVIDIA Corp. |
1,000 | 207,160 | ||||||
PepsiCo, Inc. |
875 | 131,609 | ||||||
salesforce.com, Inc. * |
850 | 230,537 | ||||||
Starbucks Corp. |
1,600 | 176,496 | ||||||
T Rowe Price Group, Inc. |
1,175 | 231,122 | ||||||
TJX Cos., Inc. |
1,380 | 91,052 | ||||||
UnitedHealth Group, Inc. |
500 | 195,370 | ||||||
Verizon Communications, Inc. |
2,600 | 140,426 | ||||||
Visa, Inc. |
875 | 194,906 | ||||||
Vital Farms, Inc. * |
2,575 | 45,243 | ||||||
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5,098,463 | ||||||||
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Total Common Stocks |
8,788,061 | |||||||
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Short-Term Securities - 4.0% |
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Fidelity Inst. Money Mkt. Gvt. Fund, 0.01% |
363,314 | 363,314 | ||||||
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Total Investments in Securities - 99.9% |
9,151,375 | |||||||
Other Assets and Liabilities, net - 0.1% |
6,728 | |||||||
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Total Net Assets - 100.0% |
$9,158,103 | |||||||
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* | Non-income producing security. |
ADR American Depositary Receipt |
PLC Public Limited Company |
SEPTEMBER 30, 2021 | 1 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2021
Sit ESG Growth Fund (Continued)
Numeric footnotes not disclosed are not applicable to this Schedule of Investments.
Portfolio Structure - By Sector | (% of Total Net Assets) | |
Technology Services |
21.8% | |
Health Technology |
12.1 | |
Electronic Technology |
12.0 | |
Finance |
9.5 | |
Consumer Non-Durables |
9.2 | |
Producer Manufacturing |
8.7 | |
Consumer Services |
5.5 | |
Retail Trade |
5.1 | |
Consumer Durables |
2.3 | |
Health Services |
2.1 | |
Process Industries |
1.9 | |
Utilities |
1.8 | |
Communications |
1.5 | |
Transportation |
0.9 | |
Commercial Services |
0.9 | |
Non-Energy Minerals |
0.6 | |
Short-Term Securities |
4.0 | |
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99.9 | ||
Other Assets and Liabilities, net |
0.1 | |
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100.0% | ||
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A summary of the levels for the Funds investments as of September 30, 2021 is as follows:
Investment in Securities | ||||||||||||||||
Level 1 Quoted Prices ($) |
Level 2 Other significant observable inputs ($) |
Level 3 Significant unobservable inputs ($) |
Total ($) | |||||||||||||
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Common Stocks |
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France |
87,148 | 85,391 | | 172,539 | ||||||||||||
Germany |
446,224 | 34,109 | | 480,333 | ||||||||||||
Ireland |
503,926 | | | 503,926 | ||||||||||||
Japan |
212,867 | 610,900 | | 823,767 | ||||||||||||
Singapore |
| 87,093 | | 87,093 | ||||||||||||
Spain |
162,972 | | | 162,972 | ||||||||||||
Sweden |
125,160 | | | 125,160 | ||||||||||||
Switzerland |
428,089 | 138,770 | | 566,859 | ||||||||||||
United Kingdom |
766,949 | | | 766,949 | ||||||||||||
United States |
5,098,463 | | | 5,098,463 | ||||||||||||
Short-Term Securities |
363,314 | | | 363,314 | ||||||||||||
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Total: |
8,195,112 | 956,263 | | 9,151,375 | ||||||||||||
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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 Funds most recent annual report.
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