NPORT-EX 2 SI92SIT09302022.htm FOR VALIDATION PURPOSES ONLY - [351958.SCDG]
    

SCHEDULE OF INVESTMENTS (Unaudited)

September 30, 2022

 

Sit Small Cap Dividend Growth Fund

Investments are grouped by economic sectors.

 

     
Name of Issuer       Quantity         Fair Value ($)

Common Stocks - 95.1%

    

Commercial Services - 5.1%

    

Booz Allen Hamilton Holding Corp.

     3,200       295,520  

Brink’s Co.

     1,825       88,403  

Colliers International Group, Inc.

     2,050       187,903  

FTI Consulting, Inc. *

    850       140,853  

World Fuel Services Corp.

     8,675       203,342  
   

 

 

 

      916,021  
   

 

 

 

Consumer Durables - 3.0%

    

BRP, Inc.

     1,275       78,489  

Helen of Troy, Ltd. *

    750       72,330  

MDC Holdings, Inc.

     4,050       111,051  

National Presto Industries, Inc.

     750       48,787  

Thor Industries, Inc.

     2,300       160,954  

YETI Holdings, Inc. *

    2,700       77,004  
   

 

 

 

      548,615  
   

 

 

 

Consumer Non-Durables - 2.0%

    

Crocs, Inc. *

    1,375       94,408  

Sensient Technologies Corp.

     2,450       169,883  

Wolverine World Wide, Inc.

     5,800       89,262  
   

 

 

 

      353,553  
   

 

 

 

Consumer Services - 2.9%

    

Nexstar Media Group, Inc.

     2,250       375,412  

Vail Resorts, Inc.

     700       150,948  
   

 

 

 

      526,360  
   

 

 

 

Electronic Technology - 6.1%

    

Coherent Corp. *

    2,450       85,382  

Entegris, Inc.

     991       82,273  

MKS Instruments, Inc.

     3,275       270,646  

Monolithic Power Systems, Inc.

     1,200       436,080  

Power Integrations, Inc.

     3,400       218,688  
   

 

 

 

      1,093,069  
   

 

 

 

Energy Minerals - 2.4%

    

Northern Oil & Gas, Inc.

     1,800       49,338  

Oasis Petroleum, Inc.

     2,810       384,324  
   

 

 

 

      433,662  
   

 

 

 

Finance - 28.0%

    

Air Lease Corp.

     4,225       131,017  

American Financial Group, Inc.

     1,875       230,494  

Artisan Partners Asset Management, Inc.

     6,300       169,659  

Associated Banc-Corp.

     10,100       202,808  

Axis Capital Holdings, Ltd.

     6,300       309,645  

Broadstone Net Lease, Inc.

     11,800       183,254  

Carlyle Group, Inc.

     8,075       208,658  

CNO Financial Group, Inc.

     14,000       251,580  

CubeSmart

     5,250       210,315  

Essential Properties Realty Trust, Inc.

     10,050       195,473  

Evercore Partners, Inc.

     2,425       199,456  

H&E Equipment Services, Inc.

     8,700       246,558  

Hannon Armstrong Sust. Inf. Cap., Inc.

     4,825       144,412  

Hanover Insurance Group, Inc.

     1,275       163,378  

Hercules Capital, Inc.

     13,100       151,698  

M&T Bank Corp.

     2,174       383,320  

Old National Bancorp

     20,675       340,517  

Physicians Realty Trust

     11,250       169,200  

 

 

     
Name of Issuer       Quantity         Fair Value ($)

Piper Sandler Cos

     1,450       151,873  

PotlatchDeltic Corp.

     2,810       115,322  

Provident Financial Services, Inc.

     11,075       215,963  

Stifel Financial Corp.

     6,000       311,460  

STORE Capital Corp.

     6,225       195,029  

Western Alliance Bancorp

     2,775       182,429  
   

 

 

 

      5,063,518  
   

 

 

 

Health Services - 4.2%

    

Addus HomeCare Corp. *

    2,575       245,243  

Encompass Health Corp.

     4,200       189,966  

Tenet Healthcare Corp. *

    6,400       330,112  
   

 

 

 

      765,321  
   

 

 

 

Health Technology - 6.4%

    

AtriCure, Inc. *

    3,500       136,850  

Atrion Corp.

     250       141,250  

Bio-Techne Corp.

     325       92,300  

Halozyme Therapeutics, Inc. *

    6,175       244,160  

Inmode, Ltd. *

    6,250       181,937  

Seres Therapeutics, Inc. *

    22,800       146,376  

STERIS, PLC

     975       162,123  

Twist Bioscience Corp. *

    1,425       50,217  
   

 

 

 

      1,155,213  
   

 

 

 

Industrial Services - 4.8%

    

EMCOR Group, Inc.

     2,400       277,152  

KBR, Inc.

     10,775       465,696  

MYR Group, Inc. *

    1,400       118,622  
   

 

 

 

      861,470  
   

 

 

 

Non-Energy Minerals - 2.8%

    

AZEK Co., Inc. *

    5,700       94,734  

Commercial Metals Co.

     3,950       140,146  

Eagle Materials, Inc.

     1,575       168,808  

MP Materials Corp. *

    3,575       97,598  
   

 

 

 

      501,286  
   

 

 

 

Process Industries - 5.4%

    

Avient Corp.

     2,125       64,388  

Cabot Corp.

     700       44,723  

Huntsman Corp.

     4,650       114,111  

Mativ Holdings, Inc.

     3,428       75,690  

Olin Corp.

     7,625       326,960  

Scotts Miracle-Gro Co.

     1,300       55,575  

Silgan Holdings, Inc.

     5,800       243,832  

Stepan Co.

     475       44,493  
   

 

 

 

      969,772  
   

 

 

 

Producer Manufacturing - 11.0%

    

AGCO Corp.

     1,350       129,829  

AZZ, Inc.

     3,650       133,262  

Belden, Inc.

     3,175       190,563  

Carlisle Cos, Inc.

     1,175       329,482  

Crane Holdings Co.

     3,275       286,694  

Donaldson Co., Inc.

     3,275       160,508  

EnPro Industries, Inc.

     2,050       174,209  

Hubbell, Inc.

     1,225       273,175  

Lincoln Electric Holdings, Inc.

     1,325       166,579  

Regal Rexnord Corp.

     1,042       146,255  
   

 

 

 

      1,990,556  
   

 

 

 

 

 

   
SEPTEMBER 30, 2022    1
    

SCHEDULE OF INVESTMENTS (Unaudited)

September 30, 2022

Sit Small Cap Dividend Growth Fund (Continued)

 

     
Name of Issuer       Quantity         Fair Value ($)

Retail Trade - 2.3%

    

Boot Barn Holdings, Inc. *

    3,700       216,302  

Casey’s General Stores, Inc.

     1,025       207,583  
   

 

 

 

      423,885  
   

 

 

 

Technology Services - 3.0%

    

Altair Engineering, Inc. *

    800       35,376  

Globant SA *

    1,625       304,005  

nCino, Inc. *

    4,800       163,728  

Science Applications International Corp.

     500       44,215  
   

 

 

 

      547,324  
   

 

 

 

Transportation - 4.0%

    

Knight-Swift Transportation Holdings, Inc.

     4,925       240,980  

Marten Transport, Ltd.

     8,450       161,902  

TFI International, Inc.

     3,475       314,418  
   

 

 

 

      717,300  
   

 

 

 

Utilities - 1.7%

    

Black Hills Corp.

     3,400       230,282  

Spire, Inc.

     1,325       82,587  
   

 

 

 

      312,869  
   

 

 

 

Total Common Stocks
(cost: $15,280,699)

       17,179,794  
   

 

 

 

Short-Term Securities - 4.8%

   

Fidelity Inst. Money Mkt. Gvt. Fund, 2.74%
(cost $869,887)

     869,887       869,887  
   

 

 

 

Total Investments in Securities - 99.9%
(cost $16,150,586)

       18,049,681  

Other Assets and Liabilities, net - 0.1%

       13,064  
   

 

 

 

Net Assets - 100.0%

       $18,062,745  
   

 

 

 

 

 

*

Non-income producing security.

 

 

PLC — Public Limited Company

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

 

 

A summary of the levels for the Fund’s investments as of September 30, 2022 is as follows:

 

     Investment in Securities  
    

Level 1

Quoted

      Prices ($)      

      Level 2
Other significant
observable inputs ($)		     

Level 3

Significant
unobservable inputs ($)

          Total ($)          
  

 

 

  

Common Stocks**

     17,179,794        —                  —                  17,179,794    

Short-Term Securities

      869,887        —                  —                  869,887    
  

 

 

  

Total:

      18,049,681        —                  —                  18,049,681    
  

 

 

  

 

**

For equity securities categorized in a single level, refer to the Schedule of Investments for further breakdown.

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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