0001752724-21-251085.txt : 20211123 0001752724-21-251085.hdr.sgml : 20211123 20211123102712 ACCESSION NUMBER: 0001752724-21-251085 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: 211435595 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 S000054182 Sit ESG Growth Fund C000170242 Sit ESG Growth Fund - Class I IESGX C000170243 Sit ESG Growth Fund - Class S SESGX NPORT-P 1 primary_doc.xml NPORT-P false 0000877880 XXXXXXXX S000054182 C000170242 C000170243 SIT MUTUAL FUNDS INC 811-06373 0000877880 254900G3NOOZ0B3T2Q46 80 S. Eighth Street Suite 3300 Minneapolis 55402 612-332-3223 Sit ESG Growth Fund S000054182 549300JBIL8MOQCSWI92 2022-06-30 2021-09-30 N 9166879.27 8775.95 9158103.32 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 5412.07000000 N 3M Co LUZQVYP4VS22CLWDAR65 3M Co 88579Y101 400.00000000 NS USD 70168.00000000 0.766184847977 Long EC CORP US N 1 N N N Diageo PLC 213800ZVIELEA55JMJ32 Diageo PLC 25243Q205 785.00000000 NS USD 151505.00000000 1.654327263038 Long EC CORP GB N 1 N N N Facebook Inc BQ4BKCS1HXDV9HN80Z93 Facebook Inc 30303M102 700.00000000 NS USD 237573.00000000 2.594128846320 Long EC CORP US N 1 N N N Adobe Inc FU4LY2G4933NH2E1CP29 Adobe Inc 00724F101 450.00000000 NS USD 259074.00000000 2.828904533477 Long EC CORP US N 1 N N N Verizon Communications Inc 2S72QS2UO2OESLG6Y829 Verizon Communications Inc 92343V104 2600.00000000 NS USD 140426.00000000 1.533352432193 Long EC CORP US N 1 N N N TJX Cos Inc/The V167QI9I69W364E2DY52 TJX Cos Inc/The 872540109 1380.00000000 NS USD 91052.40000000 0.994227699977 Long EC CORP US N 1 N N N NVIDIA Corp 549300S4KLFTLO7GSQ80 NVIDIA Corp 67066G104 1000.00000000 NS USD 207160.00000000 2.262040433062 Long EC CORP US N 1 N N N Ecolab Inc 82DYEISM090VG8LTLS26 Ecolab Inc 278865100 600.00000000 NS USD 125172.00000000 1.366789559216 Long EC CORP US N 1 N N N Astellas Pharma Inc 529900IB708DY2HBBB35 Astellas Pharma Inc 000000000 6400.00000000 NS 105337.96000000 1.150215894266 Long EC CORP JP N 2 N N N ST Engineering 254900OEXGGWCR24DG90 Singapore Technologies Engineering Ltd 000000000 31200.00000000 NS 87093.08000000 0.950994730642 Long EC CORP SG N 2 N N N Faurecia SE 969500F0VMZLK2IULV85 Faurecia SE 000000000 1815.00000000 NS 85391.41000000 0.932413699827 Long EC CORP FR N 2 N N N Keyence Corp 529900M7PQBS7A89DZ11 Keyence Corp 000000000 200.00000000 NS 119374.22000000 1.303481909177 Long EC CORP JP N 2 N N N Terumo Corp 353800JX1R4582QVK932 Terumo Corp 000000000 2600.00000000 NS 122767.78000000 1.340537180137 Long EC CORP JP N 2 N N N Starbucks Corp OQSJ1DU9TAOC51A47K68 Starbucks Corp 855244109 1600.00000000 NS USD 176496.00000000 1.927211277629 Long EC CORP US N 1 N N N Accenture PLC N/A Accenture PLC 000000000 575.00000000 NS USD 183954.00000000 2.008647353849 Long EC CORP IE N 1 N N N Siemens AG W38RGI023J3WT1HWRP32 Siemens AG 826197501 1775.00000000 NS USD 145798.50000000 1.592016325930 Long EC CORP DE N 1 N N N Microsoft Corp INR2EJN1ERAN0W5ZP974 Microsoft Corp 594918104 2000.00000000 NS USD 563840.00000000 6.156733335478 Long EC CORP US N 1 N N N NIKE Inc 787RXPR0UX0O0XUXPZ81 NIKE Inc 654106103 850.00000000 NS USD 123445.50000000 1.347937402392 Long EC CORP US N 1 N N N Medtronic PLC 549300GX3ZBSQWUXY261 Medtronic PLC 000000000 900.00000000 NS USD 112815.00000000 1.231859873797 Long EC CORP IE N 1 N N N Trane Technologies PLC 549300BURLR9SLYY2705 Trane Technologies PLC 000000000 875.00000000 NS USD 151068.75000000 1.649563722109 Long EC CORP IE N 1 N N N AbbVie Inc FR5LCKFTG8054YNNRU85 AbbVie Inc 00287Y109 750.00000000 NS USD 80902.50000000 0.883397982891 Long EC CORP US N 1 N N N UnitedHealth Group Inc 549300GHBMY8T5GXDE41 UnitedHealth Group Inc 91324P102 500.00000000 NS USD 195370.00000000 2.133301985940 Long EC CORP US N 1 N N N Vital Farms Inc 549300S6NYY7ER3XOT61 Vital Farms Inc 92847W103 2575.00000000 NS USD 45242.75000000 0.494018776804 Long EC CORP US N 1 N N N Nestle SA KY37LUS27QQX7BB93L28 Nestle SA 641069406 1200.00000000 NS USD 144252.00000000 1.575129641581 Long EC CORP CH N 1 N N N BAE Systems PLC 8SVCSVKSGDWMW2QHOH83 BAE Systems PLC 05523R107 3500.00000000 NS USD 106995.00000000 1.168309597101 Long EC CORP GB N 1 N N N Novartis AG 5493007HIVTX6SY6XD66 Novartis AG 66987V109 1800.00000000 NS USD 147204.00000000 1.607363390174 Long EC CORP CH N 1 N N N Safran SA 969500UIC89GT3UL7L24 Safran SA 786584102 2750.00000000 NS USD 87147.50000000 0.951588958487 Long EC CORP FR N 1 N N N Johnson & Johnson 549300G0CFPGEF6X2043 Johnson & Johnson 478160104 975.00000000 NS USD 157462.50000000 1.719378942320 Long EC CORP US N 1 N N N CRH PLC 549300MIDJNNTH068E74 CRH PLC 12626K203 1200.00000000 NS USD 56088.00000000 0.612441223255 Long EC CORP IE N 1 N N N Allianz SE 529900K9B0N5BT694847 Allianz SE 018820100 8800.00000000 NS USD 197648.00000000 2.158176132042 Long EC CORP DE N 1 N N N Alphabet Inc 5493006MHB84DD0ZWV18 Alphabet Inc 02079K305 125.00000000 NS USD 334190.00000000 3.649118035938 Long EC CORP US N 1 N N N CVS Health Corp 549300EJG376EN5NQE29 CVS Health Corp 126650100 1550.00000000 NS USD 131533.00000000 1.436247172629 Long EC CORP US N 1 N N N Lonza Group AG 549300EFW4H2TCZ71055 Lonza Group AG 000000000 185.00000000 NS 138770.32000000 1.515273579595 Long EC CORP CH N 2 N N N HomeServe PLC 213800EKBJTGNMXEDF11 HomeServe PLC 000000000 6525.00000000 NS 79521.70000000 0.868320625148 Long EC CORP GB N 1 N N N Iberdrola SA 5QK37QC7NWOJ8D7WVQ45 Iberdrola SA 450737101 4050.00000000 NS USD 162972.00000000 1.779538778996 Long EC CORP ES N 1 N N N Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen 529900MUF4C20K50JS49 Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen 000000000 125.00000000 NS 34108.67000000 0.372442511382 Long EC CORP DE N 2 N N N salesforce.com Inc RCGZFPDMRW58VJ54VR07 salesforce.com Inc 79466L302 850.00000000 NS USD 230537.00000000 2.517300711125 Long EC CORP US N 1 N N N Home Depot Inc/The QEKMOTMBBKA8I816DO57 Home Depot Inc/The 437076102 745.00000000 NS USD 244553.70000000 2.670353144694 Long EC CORP US N 1 N N N Sony Group Corp 529900R5WX9N2OI2N910 Sony Group Corp 835699307 1925.00000000 NS USD 212866.50000000 2.324351370169 Long EC CORP JP N 1 N N N JPMorgan Chase & Co 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co 46625H100 1075.00000000 NS USD 175966.75000000 1.921432242587 Long EC CORP US N 1 N N N Lockheed Martin Corp DPRBOZP0K5RM2YE8UU08 Lockheed Martin Corp 539830109 185.00000000 NS USD 63843.50000000 0.697125788705 Long EC CORP US N 1 N N N FedEx Corp 549300E707U7WNPZN687 FedEx Corp 31428X106 375.00000000 NS USD 82233.75000000 0.897934289738 Long EC CORP US N 1 N N N Recruit Holdings Co Ltd 353800R2LRSMVVC4I806 Recruit Holdings Co Ltd 000000000 3100.00000000 NS 189490.16000000 2.069098298838 Long EC CORP JP N 2 N N N Shiseido Co Ltd 5299008QCD0YDT5OF506 Shiseido Co Ltd 000000000 1100.00000000 NS 73930.42000000 0.807267808810 Long EC CORP JP N 2 N N N PepsiCo Inc FJSUNZKFNQ5YPJ5OT455 PepsiCo Inc 713448108 875.00000000 NS USD 131608.75000000 1.437074308962 Long EC CORP US N 1 N N N Baxter International Inc J5OIVXX3P24RJRW5CK77 Baxter International Inc 071813109 850.00000000 NS USD 68365.50000000 0.746502824997 Long EC CORP US N 1 N N N FIDELITY INVESTMENTS MONEY MARKET FUNDS - GOVERNMENT PORTFOLIO N/A FIDELITY GOVERNMENT PORT-I 316175108 358235.54000000 NS USD 358235.54000000 3.911678297160 Long STIV RF US N 1 N N N Logitech International SA 549300SN6PRK6IJJC215 Logitech International SA 000000000 1550.00000000 NS USD 136632.50000000 1.491930099779 Long EC CORP CH N 1 N N N Coca-Cola Europacific Partners 549300LTH67W4GWMRF57 Coca-Cola Europacific Partners PLC 000000000 2100.00000000 NS USD 116109.00000000 1.267828020092 Long EC CORP GB N 1 N N N Ericsson 549300W9JLPW15XIFM52 Telefonaktiebolaget LM Ericsson 294821608 11175.00000000 NS USD 125160.00000000 1.366658527717 Long EC CORP SE N 1 N N N AstraZeneca PLC PY6ZZQWO2IZFZC3IOL08 AstraZeneca PLC 046353108 2950.00000000 NS USD 177177.00000000 1.934647315160 Long EC CORP GB N 1 N N N RELX PLC 549300WSX3VBUFFJOO66 RELX PLC 759530108 4700.00000000 NS USD 135642.00000000 1.481114541520 Long EC CORP GB N 1 N N N adidas AG 549300JSX0Z4CW0V5023 adidas AG 00687A107 650.00000000 NS USD 102778.00000000 1.122262944725 Long EC CORP DE N 1 N N N Visa Inc 549300JZ4OKEHW3DPJ59 Visa Inc 92826C839 875.00000000 NS USD 194906.25000000 2.128238164493 Long EC CORP US N 1 N N N Apple Inc HWUPKR0MPOU8FGXBT394 Apple Inc 037833100 3600.00000000 NS USD 509400.00000000 5.562287104662 Long EC CORP US N 1 N N N Goldman Sachs Group Inc/The 784F5XWPLTWKTBV3E584 Goldman Sachs Group Inc/The 38141G104 600.00000000 NS USD 226818.00000000 2.476691865931 Long EC CORP US N 1 N N N T Rowe Price Group Inc 549300SIV6FPS9Y7IH33 T Rowe Price Group Inc 74144T108 1175.00000000 NS USD 231122.50000000 2.523693956315 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 SI93SIT093021.htm HTML
    

SCHEDULE OF INVESTMENTS (Unaudited)

September 30, 2021

 

Sit ESG Growth Fund

Investments are grouped by geographic region.

 

 

  
Name of Issuer       Quantity           Fair Value ($)  

 

  

Common Stocks - 95.9%

    

Asia - 9.9%

   

Japan - 9.0%

   

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  
   

 

 

  
      823,767  
   

 

 

  

Singapore - 0.9%

   

Singapore Technologies Engineering, Ltd.

     31,200       87,093  
   

 

 

  

Europe - 30.3%

   

France - 1.9%

   

Faurecia SE

     1,815       85,391  

Safran SA, ADR

     2,750       87,148  
   

 

 

  
      172,539  
   

 

 

  

Germany - 5.2%

    

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  
   

 

 

  
      480,333  
   

 

 

  

Ireland - 5.5%

   

Accenture, PLC

     575       183,954  

CRH, PLC, ADR

     1,200       56,088  

Medtronic, PLC

     900       112,815  

Trane Technologies, PLC

     875       151,069  
   

 

 

  
      503,926  
   

 

 

  

Spain - 1.8%

   

Iberdrola SA, ADR

     4,050       162,972  
   

 

 

  

Sweden - 1.3%

   

Telefonaktiebolaget LM Ericsson, ADR

     11,175       125,160  
   

 

 

  

Switzerland - 6.2%

   

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  
   

 

 

  
      566,859  
   

 

 

  

United Kingdom - 8.4%

   

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  
   

 

 

  
      766,949  
   

 

 

  

North America - 55.7%

   

United States - 55.7%

    

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  
   

 

 

  
      5,098,463  
   

 

 

  

Total Common Stocks
(cost: $5,170,523)

       8,788,061  
   

 

 

  

Short-Term Securities - 4.0%

   

Fidelity Inst. Money Mkt. Gvt. Fund, 0.01%
(cost $363,314)

     363,314       363,314  
   

 

 

  

Total Investments in Securities - 99.9%
(cost $5,533,837)

       9,151,375  

Other Assets and Liabilities, net - 0.1%

       6,728  
   

 

 

  

Total Net Assets - 100.0%

       $9,158,103  
   

 

 

  

 

 

 

* 

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
  

 

   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

           

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  
 

 

 

  

Total:

               8,195,112        956,263                —                9,151,375  
 

 

 

  

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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