0001752724-22-260764.txt : 20221122 0001752724-22-260764.hdr.sgml : 20221122 20221122140632 ACCESSION NUMBER: 0001752724-22-260764 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220930 FILED AS OF DATE: 20221122 DATE AS OF CHANGE: 20221122 PERIOD START: 20230630 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: 221409536 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 S000003461 Sit International Growth Fund C000009595 Sit International Growth Fund SNGRX NPORT-P 1 primary_doc.xml NPORT-P false 0000877880 XXXXXXXX S000003461 C000009595 SIT MUTUAL FUNDS INC 811-06373 0000877880 254900G3NOOZ0B3T2Q46 80 S. Eighth Street Suite 3300 Minneapolis 55402 612-332-3223 Sit International Growth Fund S000003461 254900HEYR6MUMPY3L49 2023-06-30 2022-09-30 N 20257264.68 16978.68 20240286.00 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 4986.36000000 N Entain PLC 213800GNI3K45LQR8L28 Entain PLC 000000000 13925.00000000 NS 166493.81000000 0.822586251992 Long EC CORP GB N 2 N N N Baidu Inc 254900AL64IANZYI1E02 Baidu Inc 056752108 1575.00000000 NS USD 185046.75000000 0.914249680068 Long EC CORP CN N 1 N N N AstraZeneca PLC PY6ZZQWO2IZFZC3IOL08 AstraZeneca PLC 046353108 8300.00000000 NS USD 455172.00000000 2.248841740675 Long EC CORP GB N 1 N N N Alimentation Couche-Tard Inc 549300OSW32RVX8CCZ87 Alimentation Couche-Tard Inc 01626P148 7400.00000000 NS 297907.12000000 1.471852324616 Long EC CORP CA N 1 N N N Logitech International SA 549300SN6PRK6IJJC215 Logitech International SA 000000000 6650.00000000 NS USD 305900.00000000 1.511342280440 Long EC CORP CH N 1 N N N Stellantis NV 549300LKT9PW7ZIBDF31 Stellantis NV 000000000 16375.00000000 NS USD 193880.00000000 0.957891602915 Long EC CORP NL N 1 N N N Munich Re 529900MUF4C20K50JS49 Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen 000000000 435.00000000 NS 104713.49000000 0.517351829909 Long EC CORP DE N 2 N N N iShares MSCI India ETF 549300282VMCFH7S5848 iShares MSCI India ETF 46429B598 5600.00000000 NS USD 228368.00000000 1.128284452107 Long EC RF US N 1 N N N CRH PLC 549300MIDJNNTH068E74 CRH PLC 12626K203 4800.00000000 NS USD 154704.00000000 0.764337025672 Long EC CORP IE N 1 N N N CSPC Pharmaceutical Group Ltd 529900M3XQCW234H8O91 CSPC Pharmaceutical Group Ltd 000000000 262960.00000000 NS 260639.48000000 1.287726270271 Long EC CORP CN N 2 N N N Siemens AG W38RGI023J3WT1HWRP32 Siemens AG 000000000 3100.00000000 NS 303002.91000000 1.497028796925 Long EC CORP DE N 2 N N N Broadcom Inc 549300WV6GIDOZJTV909 Broadcom Inc 11135F101 1025.00000000 NS USD 455110.25000000 2.248536656053 Long EC CORP US N 1 N N N Keyence Corp 529900M7PQBS7A89DZ11 Keyence Corp 000000000 1000.00000000 NS 330560.54000000 1.633181171451 Long EC CORP JP N 2 N N N PING AN 529900M9MC28JLN35U89 Ping An Insurance Group Co of China Ltd 000000000 33500.00000000 NS 167124.63000000 0.825702907557 Long EC CORP CN N 2 N N N Novartis AG 5493007HIVTX6SY6XD66 Novartis AG 000000000 1950.00000000 NS 148662.13000000 0.734486311112 Long EC CORP CH N 2 N N N Tencent Holdings Ltd 254900N4SLUMW4XUYY11 Tencent Holdings Ltd 000000000 3200.00000000 NS 108084.22000000 0.534005398935 Long EC CORP CN N 2 N N N Rio Tinto PLC 213800YOEO5OQ72G2R82 Rio Tinto PLC 767204100 4400.00000000 NS USD 242264.00000000 1.196939608462 Long EC CORP GB N 1 N N N Roche Holding AG 549300U41AUUVOAAOB37 Roche Holding AG 000000000 1350.00000000 NS 439469.24000000 2.171260030614 Long EC CORP CH N 2 N N N Terumo Corp 353800JX1R4582QVK932 Terumo Corp 000000000 13100.00000000 NS 368243.96000000 1.819361445781 Long EC CORP JP N 2 N N N Waste Connections Inc 549300HDLRTPBQU69P29 Waste Connections Inc 94106B101 2750.00000000 NS USD 371607.50000000 1.835979491594 Long EC CORP US N 1 N N N Accenture PLC N/A Accenture PLC 000000000 550.00000000 NS USD 141515.00000000 0.699174902963 Long EC CORP IE N 1 N N N BAE Systems PLC 8SVCSVKSGDWMW2QHOH83 BAE Systems PLC 000000000 52600.00000000 NS 462165.93000000 2.283396242523 Long EC CORP GB N 2 N N N Sony Group Corp 529900R5WX9N2OI2N910 Sony Group Corp 835699307 6300.00000000 NS USD 403515.00000000 1.993623015010 Long EC CORP JP N 1 N N N Reckitt Benckiser Group PLC 5493003JFSMOJG48V108 Reckitt Benckiser Group PLC 000000000 3100.00000000 NS 205472.65000000 1.015166732327 Long EC CORP GB N 2 N N N ENN Energy Holdings Ltd 549300V7BXPWT6WIPR03 ENN Energy Holdings Ltd 000000000 18400.00000000 NS 245330.54000000 1.212090283704 Long EC CORP CN N 2 N N N LG Chem Ltd 988400IES4EIG7O06940 LG Chem Ltd 000000000 975.00000000 NS 360004.44000000 1.778652930101 Long EC CORP KR N 2 N N N Nestle SA KY37LUS27QQX7BB93L28 Nestle SA 000000000 3600.00000000 NS 389366.36000000 1.923719654949 Long EC CORP CH N 2 N N N Recruit Holdings Co Ltd 353800R2LRSMVVC4I806 Recruit Holdings Co Ltd 000000000 11200.00000000 NS 322623.33000000 1.593966261148 Long EC CORP JP N 2 N N N Diageo PLC 213800ZVIELEA55JMJ32 Diageo PLC 25243Q205 2775.00000000 NS USD 471222.75000000 2.328142744623 Long EC CORP GB N 1 N N N BHP Group Ltd WZE1WSENV6JSZFK0JC28 BHP Group Ltd 088606108 4200.00000000 NS USD 210168.00000000 1.038364774094 Long EC CORP AU N 1 N N N Hexagon AB 549300WJFW6ILNI4TA80 Hexagon AB 000000000 26600.00000000 NS 248420.98000000 1.227359040282 Long EC CORP SE N 2 N N N Dechra Pharmaceuticals PLC 213800J4UVB5OWG8VX82 Dechra Pharmaceuticals PLC 000000000 6300.00000000 NS 182958.17000000 0.903930754733 Long EC CORP GB N 2 N N N Faurecia SE 969500F0VMZLK2IULV85 Faurecia SE 000000000 10366.00000000 NS 112210.09000000 0.554389844096 Long EC CORP FR N 2 N N N Shell PLC 21380068P1DRHMJ8KU70 Shell PLC 780259305 9100.00000000 NS USD 452816.00000000 2.237201588949 Long EC CORP GB N 1 N N N DBS Group Holdings Ltd 5493007FKT78NKPM5V55 DBS Group Holdings Ltd 000000000 15600.00000000 NS 360880.54000000 1.782981426250 Long EC CORP SG N 2 N N N Ashtead Group PLC 2138007UTBN8X9K1A235 Ashtead Group PLC 000000000 5500.00000000 NS 247004.06000000 1.220358546316 Long EC CORP GB N 2 N N N Ericsson 549300W9JLPW15XIFM52 Telefonaktiebolaget LM Ericsson 294821608 32350.00000000 NS USD 185689.00000000 0.917422807167 Long EC CORP SE N 1 N N N Atlassian Corp PLC 549300AGBII4MWBVJY22 Atlassian Corp PLC 000000000 1825.00000000 NS USD 384326.75000000 1.898820747888 Long EC CORP AU N 1 N N N Samsung Electronics Co Ltd 9884007ER46L6N7EI764 Samsung Electronics Co Ltd 796050888 185.00000000 NS USD 168193.40000000 0.830983317132 Long EC CORP KR N 2 N N N London Stock Exchange Group PL 213800QAUUUP6I445N30 London Stock Exchange Group PLC 000000000 5100.00000000 NS 430689.41000000 2.127882036844 Long EC CORP GB N 2 N N N Schneider Electric SE 969500A1YF1XUYYXS284 Schneider Electric SE 000000000 5000.00000000 NS 564753.90000000 2.790246639795 Long EC CORP FR N 2 N N N ASML Holding NV 724500Y6DUVHQD6OXN27 ASML Holding NV 000000000 1025.00000000 NS USD 425733.75000000 2.103397896650 Long EC CORP NL N 1 N N N Cellnex Telecom SA 5493008T4YG3AQUI7P67 Cellnex Telecom SA 000000000 9442.00000000 NS 291253.51000000 1.438979221933 Long EC CORP ES N 2 N N N Euronet Worldwide Inc YG3575C4DSHJPA5KET68 Euronet Worldwide Inc 298736109 1775.00000000 NS USD 134474.00000000 0.664387845112 Long EC CORP US N 1 N N N Compass Group PLC 2138008M6MH9OZ6U2T68 Compass Group PLC 000000000 5925.00000000 NS 117981.11000000 0.582902385865 Long EC CORP GB N 2 N N N Deutsche Post AG 8ER8GIG7CSMVD8VUFE78 Deutsche Post AG 000000000 6550.00000000 NS 197414.75000000 0.975355535984 Long EC CORP DE N 2 N N N Iberdrola SA 5QK37QC7NWOJ8D7WVQ45 Iberdrola SA 000000000 45900.00000000 NS 427980.04000000 2.114496010580 Long EC CORP ES N 2 N N N Astellas Pharma Inc 529900IB708DY2HBBB35 Astellas Pharma Inc 000000000 17700.00000000 NS 234477.17000000 1.158467671850 Long EC CORP JP N 2 N N N AIA Group Ltd ZP5ILWVSYE4LJGMMVD57 AIA Group Ltd 000000000 32200.00000000 NS 268094.21000000 1.324557419791 Long EC CORP HK N 2 N N N Safran SA 969500UIC89GT3UL7L24 Safran SA 000000000 3200.00000000 NS 291167.22000000 1.438552893966 Long EC CORP FR N 2 N N N RELX PLC 549300WSX3VBUFFJOO66 RELX PLC 000000000 12275.00000000 NS 299170.97000000 1.478096554564 Long EC CORP GB N 2 N N N Coca-Cola Europacific Partners 549300LTH67W4GWMRF57 Coca-Cola Europacific Partners PLC 000000000 5400.00000000 NS USD 230148.00000000 1.137078794242 Long EC CORP GB N 1 N N N Linde PLC 8945002PAZHZLBGKGF02 Linde PLC 000000000 500.00000000 NS USD 134795.00000000 0.665973791081 Long EC CORP GB N 1 N N N Elis SA 969500UX71LCE8MAY492 Elis SA 000000000 8125.00000000 NS 81918.07000000 0.404727828450 Long EC CORP FR N 2 N N N Mondelez International Inc 549300DV9GIB88LZ5P30 Mondelez International Inc 609207105 4800.00000000 NS USD 263184.00000000 1.300297831759 Long EC CORP US N 1 N N N Man Group PLC/Jersey 2549003YWC1DW6LALB09 Man Group PLC/Jersey 000000000 38950.00000000 NS 96443.20000000 0.476491290686 Long EC CORP GB N 2 N N N Smith & Nephew PLC 213800ZTMDN8S67S1H61 Smith & Nephew PLC 000000000 25250.00000000 NS 291455.36000000 1.439976490450 Long EC CORP GB N 2 N N N Colliers International Group I D3O8K13PHLEXXD1DT480 Colliers International Group Inc 194693107 1600.00000000 NS USD 146656.00000000 0.724574741681 Long EC CORP CA N 1 N N N Evolution AB 549300SUH6ZR1RF6TA88 Evolution AB 30051E104 500.00000000 NS USD 39340.00000000 0.194364842473 Long EC CORP SE N 1 N N N Budweiser Brewing Co APAC Ltd 549300YF1MR4GTF18132 Budweiser Brewing Co APAC Ltd 000000000 21500.00000000 NS 55987.25000000 0.276612939164 Long EC CORP HK N 2 N N N Globant SA 2221008DCMSPYS42DS88 Globant SA 000000000 2050.00000000 NS USD 383514.00000000 1.894805241388 Long EC CORP UY N 1 N N N Lynas Rare Earths Ltd 529900SGT9M1FJPXXI35 Lynas Rare Earths Ltd 000000000 35775.00000000 NS 172522.32000000 0.852370959580 Long EC CORP MY N 2 N N N FIDELITY INVESTMENTS MONEY MARKET FUNDS - GOVERNMENT PORTFOLIO N/A FIDELITY GOVERNMENT PORT-I 316175108 171121.94000000 NS USD 171121.94000000 0.845452183827 Long STIV RF US N 1 N N N AXA SA F5WCUMTUM4RKZ1MAIE39 AXA SA 000000000 11750.00000000 NS 256536.77000000 1.267456250371 Long EC CORP FR N 2 N N N Shiseido Co Ltd 5299008QCD0YDT5OF506 Shiseido Co Ltd 000000000 4100.00000000 NS 143693.65000000 0.709938831891 Long EC CORP JP N 2 N N N Allianz SE 529900K9B0N5BT694847 Allianz SE 000000000 2250.00000000 NS 354452.35000000 1.751222043008 Long EC CORP DE N 2 N N N Rentokil Initial PLC 549300VN4WV7Z6T14K68 Rentokil Initial PLC 000000000 27450.00000000 NS 145498.10000000 0.718853972715 Long EC CORP GB N 2 N N N Interroll Holding AG 529900MU4QAEI94TB543 Interroll Holding AG 000000000 75.00000000 NS 142474.58000000 0.703915843876 Long EC CORP CH N 2 N N N TE Connectivity Ltd 894500ZRIX9K13RHXR17 TE Connectivity Ltd 000000000 1100.00000000 NS USD 121396.00000000 0.599774133626 Long EC CORP US N 1 N N N BRP Inc 529900EPQGESIRCPY551 BRP Inc 05577W200 1675.00000000 NS 103178.59000000 0.509768439042 Long EC CORP CA N 1 N N N STERIS PLC N/A STERIS PLC 000000000 1175.00000000 NS USD 195379.00000000 0.965297624747 Long EC CORP US N 1 N N N Infineon Technologies AG TSI2PJM6EPETEQ4X1U25 Infineon Technologies AG 000000000 5700.00000000 NS 124739.00000000 0.616290698659 Long EC CORP DE N 2 N N N Partners Group Holding AG 549300I3IVVWZWDHI788 Partners Group Holding AG 000000000 490.00000000 NS 394344.46000000 1.948314663142 Long EC CORP CH N 2 N N N Westpac Banking Corp EN5TNI6CI43VEPAMHL14 Westpac Banking Corp 000000000 4425.00000000 NS 58542.74000000 0.289238699492 Long EC CORP AU N 2 N N N ST Engineering 254900OEXGGWCR24DG90 Singapore Technologies Engineering Ltd 000000000 78400.00000000 NS 194781.19000000 0.962344059762 Long EC CORP SG N 2 N N N Lonza Group AG 549300EFW4H2TCZ71055 Lonza Group AG 000000000 590.00000000 NS 287265.85000000 1.419277622855 Long EC CORP CH N 2 N N N Woodside Energy Group Ltd 2549005ZC5RXAOO7FH41 Woodside Energy Group Ltd 980228308 1517.00000000 NS USD 30582.72000000 0.151098260172 Long EC CORP AU N 1 N N N Zurich Insurance Group AG 529900QVNRBND50TXP03 Zurich Insurance Group AG 000000000 680.00000000 NS 271082.57000000 1.339321835669 Long EC CORP CH N 2 N N N Macquarie Group Ltd ACMHD8HWFMFUIQQ8Y590 Macquarie Group Ltd 000000000 2600.00000000 NS 253656.58000000 1.253226263700 Long EC CORP AU N 2 N N N Dassault Systemes SE 96950065LBWY0APQIM86 Dassault Systemes SE 000000000 13125.00000000 NS 453141.60000000 2.238810261870 Long EC CORP FR N 2 N N N 2022-11-18 SIT MUTUAL FUNDS INC Paul Rasmussen Paul Rasmussen VP, Treasurer & Chief Compliance Officer XXXX NPORT-EX 2 SI90SIT09302022.htm FOR VALIDATION PURPOSES ONLY - [351958.INTL]
    

SCHEDULE OF INVESTMENTS (Unaudited)

September 30, 2022

 

Sit International Growth Fund

Investments are grouped by geographic region.

 

     
Name of Issuer       Quantity     Fair Value ($)
     

Common Stocks - 97.4%

    

Asia - 27.3%

   

Australia - 6.7%

   

Atlassian Corp., PLC *

    1,825       384,327  

BHP Group, Ltd., ADR

     4,200       210,168  

Lynas Rare Earths, Ltd. *

    35,775       172,522  

Macquarie Group, Ltd.

     2,600       253,656  

Rio Tinto, PLC, ADR

     4,400       242,264  

Westpac Banking Corp.

     4,425       58,543  

Woodside Energy Group, Ltd., ADR

     1,517       30,583  
   

 

 

 

      1,352,063  
   

 

 

 

China/Hong Kong - 6.4%

   

AIA Group, Ltd.

     32,200       268,094  

Baidu, Inc., ADR *

    1,575       185,047  

Budweiser Brewing Co. APAC, Ltd.

     21,500       55,987  

CSPC Pharmaceutical Group, Ltd.

     262,960       260,639  

ENN Energy Holdings, Ltd.

     18,400       245,331  

Ping An Insurance Group Co. of China, Ltd.

     33,500       167,125  

Tencent Holdings, Ltd.

     3,200       108,084  
   

 

 

 

      1,290,307  
   

 

 

 

Japan - 8.9%

   

Astellas Pharma, Inc.

     17,700       234,477  

Keyence Corp.

     1,000       330,560  

Recruit Holdings Co., Ltd.

     11,200       322,623  

Shiseido Co., Ltd.

     4,100       143,694  

Sony Group Corp., ADR

     6,300       403,515  

Terumo Corp.

     13,100       368,244  
   

 

 

 

      1,803,113  
   

 

 

 

Singapore - 2.7%

   

DBS Group Holdings, Ltd.

     15,600       360,881  

Singapore Technologies Engineering, Ltd.

     78,400       194,781  
   

 

 

 

      555,662  
   

 

 

 

South Korea - 2.6%

   

LG Chem, Ltd.

     975       360,005  

Samsung Electronics Co., Ltd., GDR

     185       168,193  
   

 

 

 

      528,198  
   

 

 

 

Europe - 59.5%

   

France - 8.7%

   

AXA SA

     11,750       256,537  

Dassault Systemes SE

     13,125       453,142  

Elis SA

     8,125       81,918  

Faurecia SE *

    10,366       112,210  

Safran SA

     3,200       291,167  

Schneider Electric SE

     5,000       564,754  
   

 

 

 

      1,759,728  
   

 

 

 

Germany - 5.4%

   

Allianz SE

     2,250       354,452  

Deutsche Post AG

     6,550       197,415  

Infineon Technologies AG

     5,700       124,739  

Muenchener Rueckversicherungs AG

     435       104,713  

Siemens AG

     3,100       303,003  
   

 

 

 

      1,084,322  
   

 

 

 

 

 

     
Name of Issuer        Quantity      Fair Value ($)

Ireland - 3.1%

     

Accenture, PLC

      550        141,515  

CRH, PLC, ADR

      4,800        154,704  

Linde, PLC

      500        134,795  

STERIS, PLC

      1,175        195,379  
     

 

 

 

        626,393  
     

 

 

 

Netherlands - 3.1%

     

ASML Holding NV

      1,025        425,734  

Stellantis NV

      16,375        193,880  
     

 

 

 

        619,614  
     

 

 

 

Spain - 3.6%

     

Cellnex Telecom SA

      9,442        291,254  

Iberdrola SA

      45,900        427,980  
     

 

 

 

        719,234  
     

 

 

 

Sweden - 2.3%

     

Evolution AB, ADR

      500        39,340  

Hexagon AB

      26,600        248,421  

Telefonaktiebolaget LM Ericsson, ADR

      32,350        185,689  
     

 

 

 

        473,450  
     

 

 

 

Switzerland - 12.3%

     

Interroll Holding AG

      75        142,475  

Logitech International SA

      6,650        305,900  

Lonza Group AG

      590        287,266  

Nestle SA

      3,600        389,366  

Novartis AG

      1,950        148,662  

Partners Group Holding AG

      490        394,344  

Roche Holding AG

      1,350        439,469  

TE Connectivity, Ltd.

      1,100        121,396  

Zurich Insurance Group AG

      680        271,083  
     

 

 

 

        2,499,961  
     

 

 

 

United Kingdom - 21.0%

     

Ashtead Group, PLC

      5,500        247,004  

AstraZeneca, PLC, ADR

      8,300        455,172  

BAE Systems, PLC

      52,600        462,166  

Coca-Cola Europacific Partners, PLC

      5,400        230,148  

Compass Group, PLC

      5,925        117,981  

Dechra Pharmaceuticals, PLC

      6,300        182,958  

Diageo, PLC, ADR

      2,775        471,223  

Entain, PLC

      13,925        166,494  

London Stock Exchange Group, PLC

      5,100        430,689  

Man Group, PLC

      38,950        96,443  

Reckitt Benckiser Group, PLC

      3,100        205,473  

RELX, PLC

      12,275        299,171  

Rentokil Initial, PLC

      27,450        145,498  

Shell, PLC, ADR

      9,100        452,816  

Smith & Nephew, PLC

      25,250        291,455  
     

 

 

 

        4,254,691  
     

 

 

 

Latin America - 1.9%

     

Argentina - 1.9%

     

Globant SA *

     2,050        383,514  
     

 

 

 

North America - 8.7%

     

Canada - 4.5%

     

Alimentation Couche-Tard, Inc.

      7,400        297,907  

BRP, Inc.

      1,675        103,179  
 

 

   
SEPTEMBER 30, 2022    1
    

SCHEDULE OF INVESTMENTS (Unaudited)

September 30, 2022

Sit International Growth Fund (Continued)

 

     
Name of Issuer       Quantity     Fair Value ($)

Colliers International Group, Inc.

     1,600       146,656  

Waste Connections, Inc.

     2,750       371,607  
   

 

 

 

      919,349  
   

 

 

 

United States - 4.2%

   

Broadcom, Inc.

     1,025       455,111  

Euronet Worldwide, Inc. *

    1,775       134,474  

Mondelez International, Inc.

     4,800       263,184  
   

 

 

 

      852,769  
   

 

 

 

Total Common Stocks
(cost: $17,745,638)

       19,722,368  
   

 

 

 

Investment Companies 1.1%

    

iShares MSCI India ETF
(cost $166,867)

     5,600       228,367  
   

 

 

 

Short-Term Securities - 0.9%

   

Fidelity Inst. Money Mkt. Gvt. Fund, 2.74%
(cost $176,977)

     176,977       176,977  
   

 

 

 

Total Investments in Securities - 99.4%
(cost $18,089,482)

       20,127,712  

Other Assets and Liabilities, net - 0.6%

       115,054  
   

 

 

 

Net Assets - 100.0%

       $20,242,766  
   

 

 

 

 

 

 

*

Non-income producing security.

 

 

ADR — American Depositary Receipt

 

 

GDR — Global Depositary Receipt

 

 

PLC — Public Limited Company

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

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

Finance

      16.1%                       

Health Technology

      14.1  

Producer Manufacturing

      11.5  

Electronic Technology

      10.5  

Technology Services

      10.4  

Consumer Non-Durables

        8.7  

Non-Energy Minerals

        3.9  

Consumer Durables

        3.5  

Utilities

        3.3  

Consumer Services

        3.1  

Process Industries

        2.4  

Energy Minerals

        2.4  

Commercial Services

        1.8  

Industrial Services

        1.8  

Retail Trade

        1.5  

Communications

        1.4  

Transportation

        1.0  

Investment Companies

        1.1  

Short-Term Securities

        0.9  
  

 

  
     99.4  

Other Assets and Liabilities, net

        0.6  
  

 

  
     100.0%  
  

 

  
 

 

   
2   
    

SCHEDULE OF INVESTMENTS (Unaudited)

September 30, 2022

Sit International Growth Fund (Continued)

 

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

            

Argentina

      383,514        —                      —        383,514    

Australia

      867,342        484,721                      —        1,352,063    

Canada

      919,349        —                      —        919,349    

China/Hong Kong

      185,047        1,105,260                      —        1,290,307    

France

      —        1,759,728                      —        1,759,728    

Germany

      —        1,084,322                      —        1,084,322    

Ireland

      626,393        —                      —        626,393    

Japan

      403,515        1,399,598                      —        1,803,113    

Netherlands

      619,614        —                      —        619,614    

Singapore

      —        555,662                      —        555,662    

South Korea

      —        528,198                      —        528,198    

Spain

      —        719,234                      —        719,234    

Sweden

      225,029        248,421                      —        473,450    

Switzerland

      427,296        2,072,665                      —        2,499,961    

United Kingdom

      1,609,359        2,645,332                      —        4,254,691    

United States

      852,769        —                      —        852,769    

Investment Companies

      228,367        —                      —        228,367    

Short-Term Securities

      176,977        —                      —        176,977    
  

 

 

  

Total:

      7,524,571        12,603,141                      —        20,127,712    
  

 

 

  

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.

 

 

   
SEPTEMBER 30, 2022    3