0001752724-23-109890.txt : 20230522 0001752724-23-109890.hdr.sgml : 20230522 20230522131807 ACCESSION NUMBER: 0001752724-23-109890 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230331 FILED AS OF DATE: 20230522 DATE AS OF CHANGE: 20230522 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: 23943583 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 2023-03-31 N 25362456.25 20177.11 25342279.14 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 11144.65000000 N Lululemon Athletica Inc 549300D9GZ4BMLDW5T40 Lululemon Athletica Inc 550021109 200.00000000 NS USD 72838.00000000 0.287416927252 Long EC CORP CA N 1 N N N Evolution AB 549300SUH6ZR1RF6TA88 Evolution AB 30051E104 1000.00000000 NS USD 133360.00000000 0.526235226371 Long EC CORP SE N 1 N N N Dechra Pharmaceuticals PLC 213800J4UVB5OWG8VX82 Dechra Pharmaceuticals PLC 000000000 6300.00000000 NS 206258.73000000 0.813891792685 Long EC CORP GB N 2 N N N Alimentation Couche-Tard Inc 549300OSW32RVX8CCZ87 Alimentation Couche-Tard Inc 01626P148 7400.00000000 NS 372053.27000000 1.468112903123 Long EC CORP CA N 1 N N N Sony Group Corp 529900R5WX9N2OI2N910 Sony Group Corp 835699307 6300.00000000 NS USD 571095.00000000 2.253526594214 Long EC CORP JP N 1 N N N Shell PLC 21380068P1DRHMJ8KU70 Shell PLC 780259305 12250.00000000 NS USD 704865.00000000 2.781379670336 Long EC CORP GB N 1 N N N Munich Re 529900MUF4C20K50JS49 Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen 000000000 800.00000000 NS 279708.64000000 1.103723301502 Long EC CORP DE N 2 N N N iShares MSCI India ETF 549300282VMCFH7S5848 iShares MSCI India ETF 46429B598 5600.00000000 NS USD 220416.00000000 0.869756026213 Long EC RF US N 1 N N N Euronet Worldwide Inc YG3575C4DSHJPA5KET68 Euronet Worldwide Inc 298736109 1775.00000000 NS USD 198622.50000000 0.783759419990 Long EC CORP US N 1 N N N CSPC Pharmaceutical Group Ltd 529900M3XQCW234H8O91 CSPC Pharmaceutical Group Ltd 000000000 262960.00000000 NS 257784.28000000 1.017210324990 Long EC CORP CN N 2 N N N Smith & Nephew PLC 213800ZTMDN8S67S1H61 Smith & Nephew PLC 000000000 25250.00000000 NS 350988.71000000 1.384992675919 Long EC CORP GB N 2 N N N Man Group PLC/Jersey 2549003YWC1DW6LALB09 Man Group PLC/Jersey 000000000 38950.00000000 NS 113470.13000000 0.447750296542 Long EC CORP GB N 2 N N N Partners Group Holding AG 549300I3IVVWZWDHI788 Partners Group Holding AG 000000000 490.00000000 NS 461444.08000000 1.820846804862 Long EC CORP CH N 2 N N N ASML Holding NV 724500Y6DUVHQD6OXN27 ASML Holding NV 000000000 1025.00000000 NS USD 697727.75000000 2.753216260248 Long EC CORP NL N 1 N N N Reckitt Benckiser Group PLC 5493003JFSMOJG48V108 Reckitt Benckiser Group PLC 000000000 3100.00000000 NS 235840.35000000 0.930620125747 Long EC CORP GB N 2 N N N Astellas Pharma Inc 529900IB708DY2HBBB35 Astellas Pharma Inc 000000000 17700.00000000 NS 251469.55000000 0.992292558261 Long EC CORP JP N 2 N N N Rio Tinto PLC 213800YOEO5OQ72G2R82 Rio Tinto PLC 767204100 4400.00000000 NS USD 301840.00000000 1.191053094840 Long EC CORP GB N 1 N N N Roche Holding AG 549300U41AUUVOAAOB37 Roche Holding AG 000000000 1350.00000000 NS 385752.51000000 1.522169761720 Long EC CORP CH N 2 N N N Ashtead Group PLC 2138007UTBN8X9K1A235 Ashtead Group PLC 000000000 3800.00000000 NS 233338.75000000 0.920748874680 Long EC CORP GB N 2 N N N Waste Connections Inc 549300HDLRTPBQU69P29 Waste Connections Inc 94106B101 2750.00000000 NS USD 382442.50000000 1.509108545002 Long EC CORP US N 1 N N N Entain PLC 213800GNI3K45LQR8L28 Entain PLC 000000000 13925.00000000 NS 216257.02000000 0.853344795096 Long EC CORP GB N 2 N N N Globant SA 2221008DCMSPYS42DS88 Globant SA 000000000 2050.00000000 NS USD 336220.50000000 1.326717688423 Long EC CORP UY N 1 N N N Baidu Inc 254900AL64IANZYI1E02 Baidu Inc 056752108 1575.00000000 NS USD 237699.00000000 0.937954312186 Long EC CORP CN N 1 N N N Shiseido Co Ltd 5299008QCD0YDT5OF506 Shiseido Co Ltd 000000000 4100.00000000 NS 192221.32000000 0.758500523722 Long EC CORP JP N 2 N N N Logitech International SA 549300SN6PRK6IJJC215 Logitech International SA 000000000 6650.00000000 NS USD 386099.00000000 1.523537002599 Long EC CORP CH N 1 N N N Iberdrola SA 5QK37QC7NWOJ8D7WVQ45 Iberdrola SA 000000000 45900.00000000 NS 571813.32000000 2.256361066978 Long EC CORP ES N 2 N N N Nestle SA KY37LUS27QQX7BB93L28 Nestle SA 000000000 3600.00000000 NS 438950.03000000 1.732085845851 Long EC CORP CH N 2 N N N Atlassian Corp 549300V7ZY5P02D2MY38 Atlassian Corp 049468101 1825.00000000 NS USD 312385.25000000 1.232664387738 Long EC CORP AU N 1 N N N Diageo PLC 213800ZVIELEA55JMJ32 Diageo PLC 25243Q205 2775.00000000 NS USD 502774.50000000 1.983935609036 Long EC CORP GB N 1 N N N PING AN 529900M9MC28JLN35U89 Ping An Insurance Group Co of China Ltd 000000000 33500.00000000 NS 216718.65000000 0.855166375536 Long EC CORP CN N 2 N N N Accenture PLC N/A Accenture PLC 000000000 550.00000000 NS USD 157195.50000000 0.620289513550 Long EC CORP IE N 1 N N N Lynas Rare Earths Ltd 529900SGT9M1FJPXXI35 Lynas Rare Earths Ltd 000000000 46625.00000000 NS 198478.47000000 0.783191081210 Long EC CORP MY N 2 N N N Faurecia SE 969500F0VMZLK2IULV85 Faurecia SE 000000000 7166.00000000 NS 155742.54000000 0.614556169709 Long EC CORP FR N 2 N N N Mondelez International Inc 549300DV9GIB88LZ5P30 Mondelez International Inc 609207105 4800.00000000 NS USD 334656.00000000 1.320544210531 Long EC CORP US N 1 N N N RELX PLC 549300WSX3VBUFFJOO66 RELX PLC 000000000 12275.00000000 NS 397564.25000000 1.568778592500 Long EC CORP GB N 2 N N N ENN Energy Holdings Ltd 549300V7BXPWT6WIPR03 ENN Energy Holdings Ltd 000000000 18400.00000000 NS 251950.79000000 0.994191519271 Long EC CORP CN N 2 N N N Adyen NV 724500973ODKK3IFQ447 Adyen NV 000000000 84.00000000 NS 133848.02000000 0.528160941092 Long EC CORP NL N 2 N N N Dassault Systemes SE 96950065LBWY0APQIM86 Dassault Systemes SE 000000000 11700.00000000 NS 482637.25000000 1.904474523912 Long EC CORP FR N 2 N N N BAE Systems PLC 8SVCSVKSGDWMW2QHOH83 BAE Systems PLC 000000000 52600.00000000 NS 636256.90000000 2.510653822748 Long EC CORP GB N 2 N N N Rentokil Initial PLC 549300VN4WV7Z6T14K68 Rentokil Initial PLC 000000000 47250.00000000 NS 345328.85000000 1.362659009839 Long EC CORP GB N 2 N N N AXA SA F5WCUMTUM4RKZ1MAIE39 AXA SA 000000000 11750.00000000 NS 358581.61000000 1.414954069517 Long EC CORP FR N 2 N N N Safran SA 969500UIC89GT3UL7L24 Safran SA 000000000 3200.00000000 NS 473717.35000000 1.869276821484 Long EC CORP FR N 2 N N N Samsung Electronics Co Ltd 9884007ER46L6N7EI764 Samsung Electronics Co Ltd 796050888 185.00000000 NS USD 228527.70000000 0.901764591643 Long EC CORP KR N 2 N N N Siemens AG W38RGI023J3WT1HWRP32 Siemens AG 000000000 3100.00000000 NS 502212.12000000 1.981716471614 Long EC CORP DE N 2 N N N AstraZeneca PLC PY6ZZQWO2IZFZC3IOL08 AstraZeneca PLC 046353108 8300.00000000 NS USD 576103.00000000 2.273288037028 Long EC CORP GB N 1 N N N Aptiv PLC N/A Aptiv PLC 000000000 525.00000000 NS USD 58899.75000000 0.232416941170 Long EC CORP IE N 1 N N N Keyence Corp 529900M7PQBS7A89DZ11 Keyence Corp 000000000 1000.00000000 NS 490108.77000000 1.933956955064 Long EC CORP JP N 2 N N N FIDELITY INVESTMENTS MONEY MARKET FUNDS - GOVERNMENT PORTFOLIO 549300FQDFZGLUOCWN51 FIDELITY GOVERNMENT PORT-I 316175108 178962.45000000 NS USD 178962.45000000 0.706181354136 Long STIV RF US N 1 N N N Macquarie Group Ltd ACMHD8HWFMFUIQQ8Y590 Macquarie Group Ltd 000000000 2600.00000000 NS 307839.20000000 1.214725788076 Long EC CORP AU N 2 N N N LG Chem Ltd 988400IES4EIG7O06940 LG Chem Ltd 000000000 975.00000000 NS 535464.19000000 2.112928308625 Long EC CORP KR N 2 N N N STERIS PLC N/A STERIS PLC 000000000 1175.00000000 NS USD 224754.00000000 0.886873665775 Long EC CORP US N 1 N N N Hexagon AB 549300WJFW6ILNI4TA80 Hexagon AB 000000000 21800.00000000 NS 250905.07000000 0.990065134291 Long EC CORP SE N 2 N N N AIA Group Ltd ZP5ILWVSYE4LJGMMVD57 AIA Group Ltd 000000000 32200.00000000 NS 337692.94000000 1.332527899856 Long EC CORP HK N 2 N N N Elis SA 969500UX71LCE8MAY492 Elis SA 000000000 8125.00000000 NS 155391.41000000 0.613170619507 Long EC CORP FR N 2 N N N Woodside Energy Group Ltd 2549005ZC5RXAOO7FH41 Woodside Energy Group Ltd 980228308 1517.00000000 NS USD 34026.31000000 0.134266968696 Long EC CORP AU N 1 N N N Zurich Insurance Group AG 529900QVNRBND50TXP03 Zurich Insurance Group AG 000000000 680.00000000 NS 325855.13000000 1.285816197508 Long EC CORP CH N 2 N N N Schneider Electric SE 969500A1YF1XUYYXS284 Schneider Electric SE 000000000 5000.00000000 NS 835619.62000000 3.297334132355 Long EC CORP FR N 2 N N N Glencore PLC 2138002658CPO9NBH955 Glencore PLC 37827X100 14500.00000000 NS USD 165880.00000000 0.654558333461 Long EC CORP CH N 1 N N N Coca-Cola Europacific Partners 549300LTH67W4GWMRF57 Coca-Cola Europacific Partners PLC 000000000 5400.00000000 NS USD 319626.00000000 1.261236206239 Long EC CORP GB N 1 N N N Budweiser Brewing Co APAC Ltd 549300YF1MR4GTF18132 Budweiser Brewing Co APAC Ltd 000000000 21500.00000000 NS 65431.55000000 0.258191260693 Long EC CORP HK N 2 N N N BHP Group Ltd WZE1WSENV6JSZFK0JC28 BHP Group Ltd 088606108 4200.00000000 NS USD 266322.00000000 1.050899954691 Long EC CORP AU N 1 N N N CRH PLC 549300MIDJNNTH068E74 CRH PLC 12626K203 4800.00000000 NS USD 244176.00000000 0.963512392279 Long EC CORP IE N 1 N N N Stellantis NV 549300LKT9PW7ZIBDF31 Stellantis NV 000000000 16375.00000000 NS USD 297861.25000000 1.175353046797 Long EC CORP NL N 1 N N N Broadcom Inc 549300WV6GIDOZJTV909 Broadcom Inc 11135F101 1025.00000000 NS USD 657578.50000000 2.594788323367 Long EC CORP US N 1 N N N Recruit Holdings Co Ltd 353800R2LRSMVVC4I806 Recruit Holdings Co Ltd 000000000 11200.00000000 NS 308101.24000000 1.215759791366 Long EC CORP JP N 2 N N N Allianz SE 529900K9B0N5BT694847 Allianz SE 000000000 2250.00000000 NS 519381.20000000 2.049465232115 Long EC CORP DE N 2 N N N TE Connectivity Ltd 894500ZRIX9K13RHXR17 TE Connectivity Ltd 000000000 1100.00000000 NS USD 144265.00000000 0.569266083776 Long EC CORP US N 1 N N N Linde PLC 5299003QR1WT0EF88V51 Linde PLC 000000000 500.00000000 NS USD 177720.00000000 0.701278677494 Long EC CORP US N 1 N N N Novartis AG 5493007HIVTX6SY6XD66 Novartis AG 000000000 1950.00000000 NS 179046.15000000 0.706511632244 Long EC CORP CH N 2 N N N London Stock Exchange Group PL 213800QAUUUP6I445N30 London Stock Exchange Group PLC 000000000 5100.00000000 NS 495361.70000000 1.954684885536 Long EC CORP GB N 2 N N N DBS Group Holdings Ltd 5493007FKT78NKPM5V55 DBS Group Holdings Ltd 000000000 15600.00000000 NS 387843.16000000 1.530419414360 Long EC CORP SG N 2 N N N Infineon Technologies AG TSI2PJM6EPETEQ4X1U25 Infineon Technologies AG 000000000 5700.00000000 NS 234071.68000000 0.923640998139 Long EC CORP DE N 2 N N N Terumo Corp 353800JX1R4582QVK932 Terumo Corp 000000000 13100.00000000 NS 354293.85000000 1.398034675739 Long EC CORP JP N 2 N N N Westpac Banking Corp EN5TNI6CI43VEPAMHL14 Westpac Banking Corp 000000000 4425.00000000 NS 64426.26000000 0.254224411482 Long EC CORP AU N 2 N N N ST Engineering 254900OEXGGWCR24DG90 Singapore Technologies Engineering Ltd 000000000 78400.00000000 NS 215824.04000000 0.851636266839 Long EC CORP SG N 2 N N N Lonza Group AG 549300EFW4H2TCZ71055 Lonza Group AG 000000000 590.00000000 NS 355179.82000000 1.401530691213 Long EC CORP CH N 2 N N N Compass Group PLC 2138008M6MH9OZ6U2T68 Compass Group PLC 000000000 10625.00000000 NS 267022.83000000 1.053665412352 Long EC CORP GB N 2 N N N Cellnex Telecom SA 5493008T4YG3AQUI7P67 Cellnex Telecom SA 000000000 5200.00000000 NS 202215.81000000 0.797938531427 Long EC CORP ES N 2 N N N Colliers International Group I D3O8K13PHLEXXD1DT480 Colliers International Group Inc 194693107 1600.00000000 NS USD 168880.00000000 0.666396258470 Long EC CORP CA N 1 N N N Deutsche Post AG 8ER8GIG7CSMVD8VUFE78 Deutsche Post AG 000000000 6550.00000000 NS 306773.49000000 1.210520523056 Long EC CORP DE N 2 N N N 2023-05-18 SIT MUTUAL FUNDS INC Paul Rasmussen Paul Rasmussen VP, Treasurer & Chief Compliance Officer XXXX NPORT-EX 2 SI90SIT033123.htm HTML

 

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2023

Sit International Growth Fund

Investments are grouped by geographic region.

 

     
Name of Issuer    Quantity      Fair Value ($)  

Common Stocks - 97.9%

      

Asia - 25.2%

     

Australia - 5.9%

     

Atlassian Corp. *

     1,825        312,385  

BHP Group, Ltd., ADR

      4,200        266,322  

Lynas Rare Earths, Ltd. *

     46,625        198,479  

Macquarie Group, Ltd.

      2,600        307,839  

Rio Tinto, PLC, ADR

      4,400        301,840  

Westpac Banking Corp.

      4,425        64,426  

Woodside Energy Group, Ltd., ADR

      1,517        34,027  
     

 

 

  
     

 

 

 

1,485,318

 

 

     

 

 

  

China/Hong Kong - 5.4%

      

AIA Group, Ltd.

      32,200        337,693  

Baidu, Inc., ADR *

     1,575        237,699  

Budweiser Brewing Co. APAC, Ltd.

      21,500        65,431  

CSPC Pharmaceutical Group, Ltd.

      262,960        257,784  

ENN Energy Holdings, Ltd.

      18,400        251,951  

Ping An Insurance Group Co. of China, Ltd.

      33,500        216,719  
     

 

 

  
     

 

 

 

1,367,277

 

 

     

 

 

  

Japan - 8.5%

      

Astellas Pharma, Inc.

      17,700        251,470  

Keyence Corp.

      1,000        490,109  

Recruit Holdings Co., Ltd.

      11,200        308,101  

Shiseido Co., Ltd.

      4,100        192,221  

Sony Group Corp., ADR

      6,300        571,095  

Terumo Corp.

      13,100        354,294  
     

 

 

  
     

 

 

 

2,167,290

 

 

     

 

 

  

Singapore - 2.4%

     

DBS Group Holdings, Ltd.

      15,600        387,843  

Singapore Technologies Engineering, Ltd.

      78,400        215,824  
     

 

 

  
     

 

 

 

603,667

 

 

     

 

 

  

South Korea - 3.0%

     

LG Chem, Ltd.

      975        535,464  

Samsung Electronics Co., Ltd., GDR

      185        228,528  
     

 

 

  
     

 

 

 

763,992

 

 

     

 

 

  

Europe - 62.7%

     

France - 9.7%

     

AXA SA

      11,750        358,582  

Dassault Systemes SE

      11,700        482,637  

Elis SA

      8,125        155,391  

Faurecia SE *

     7,166        155,743  

Safran SA

      3,200        473,717  

Schneider Electric SE

      5,000        835,620  
     

 

 

  
     

 

 

 

2,461,690

 

 

     

 

 

  

Germany - 7.3%

     

Allianz SE

      2,250        519,381  

Deutsche Post AG

      6,550        306,773  

Infineon Technologies AG

      5,700        234,072  

Muenchener Rueckversicherungs AG

      800        279,709  

Siemens AG

      3,100        502,212  
     

 

 

  
     

 

 

 

1,842,147

 

 

     

 

 

  

Ireland - 3.4%

     

Accenture, PLC

      550        157,195  
     
Name of Issuer    Quantity      Fair Value ($)  

Aptiv, PLC *

     525        58,900  

CRH, PLC, ADR

      4,800        244,176  

Linde, PLC

      500        177,720  

STERIS, PLC

      1,175        224,754  
     

 

 

  
     

 

 

 

862,745

 

 

     

 

 

  

Netherlands - 4.5%

     

Adyen NV *

     84        133,848  

ASML Holding NV

      1,025        697,728  

Stellantis NV

      16,375        297,861  
     

 

 

  
     

 

 

 

1,129,437

 

 

     

 

 

  

Spain - 3.0%

      

Cellnex Telecom SA

      5,200        202,216  

Iberdrola SA

      45,900        571,813  
     

 

 

  
     

 

 

 

774,029

 

 

     

 

 

  

Sweden - 1.5%

     

Evolution AB, ADR

      1,000        133,360  

Hexagon AB

      21,800        250,905  
     

 

 

  
     

 

 

 

384,265

 

 

     

 

 

  

Switzerland - 10.6%

     

Logitech International SA

      6,650        386,099  

Lonza Group AG

      590        355,180  

Nestle SA

      3,600        438,950  

Novartis AG

      1,950        179,046  

Partners Group Holding AG

      490        461,444  

Roche Holding AG

      1,350        385,753  

TE Connectivity, Ltd.

      1,100        144,265  

Zurich Insurance Group AG

      680        325,855  
     

 

 

  
     

 

 

 

2,676,592

 

 

     

 

 

  

United Kingdom - 22.7%

     

Ashtead Group, PLC

      3,800        233,339  

AstraZeneca, PLC, ADR

      8,300        576,103  

BAE Systems, PLC

      52,600        636,257  

Coca-Cola Europacific Partners, PLC

      5,400        319,626  

Compass Group, PLC

      10,625        267,023  

Dechra Pharmaceuticals, PLC

      6,300        206,259  

Diageo, PLC, ADR

      2,775        502,774  

Entain, PLC

      13,925        216,257  

Glencore, PLC, ADR

      14,500        165,880  

London Stock Exchange Group, PLC

      5,100        495,362  

Man Group, PLC

      38,950        113,470  

Reckitt Benckiser Group, PLC

      3,100        235,840  

RELX, PLC

      12,275        397,564  

Rentokil Initial, PLC

      47,250        345,329  

Shell, PLC, ADR

      12,250        704,865  

Smith & Nephew, PLC

      25,250        350,989  
     

 

 

  
     

 

 

 

5,766,937

 

 

     

 

 

  

Latin America - 1.3%

     

Argentina - 1.3%

     

Globant SA *

     2,050        336,220  
     

 

 

  

North America - 8.7%

     

Canada - 4.0%

     

Alimentation Couche-Tard, Inc.

      7,400        372,053  

Colliers International Group, Inc.

      1,600        168,880  

Lululemon Athletica, Inc. *

     200        72,838  
 

 

 

   
MARCH 31, 2023    1

 

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2023

Sit International Growth Fund (Continued)

 

     
Name of Issuer    Quantity      Fair Value ($)  

Waste Connections, Inc.

      2,750        382,443  
     

 

 

  
     

 

 

 

996,214

 

 

     

 

 

  

United States - 4.7%

      

Broadcom, Inc.

      1,025        657,579  

Euronet Worldwide, Inc. *

     1,775        198,622  

Mondelez International, Inc.

      4,800        334,656  
     

 

 

  
     

 

 

 

1,190,857

 

 

     

 

 

  

Total Common Stocks
(cost: $17,833,425)

         24,808,677  
     

 

 

  

Investment Companies 0.8%

      

iShares MSCI India ETF
(cost $166,868)

      5,600        220,416  
     

 

 

  

Short-Term Securities - 0.8%

      

Fidelity Inst. Money Mkt. Gvt. Fund, 4.72%
(cost $191,174)

      191,174        191,174  
     

 

 

  

Total Investments in Securities - 99.5%
(cost $18,191,467)

         25,220,267  

Other Assets and Liabilities, net - 0.5%

         123,724  
     

 

 

  

Net Assets - 100.0%

         $25,343,991  
     

 

 

  

    

 

   

 

*

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

    16.2%

Health Technology

    12.4   

Producer Manufacturing

    12.4   

Electronic Technology

    11.2   

Technology Services

    8.6 

Consumer Non-Durables

    8.2 

Non-Energy Minerals

    4.6 

Consumer Services

    4.0 

Consumer Durables

    3.4 

Utilities

    3.3 

Energy Minerals

    2.9 

Process Industries

    2.8 

Commercial Services

    2.6 

Retail Trade

    1.8 

Industrial Services

    1.5 

Transportation

    1.2 

Communications

    0.8 

Investment Companies

    0.8 

Short-Term Securities

    0.8 
  

 

  

 

99.5 

Other Assets and Liabilities, net

    0.5
  

 

  

 

100.0%

  

 

 

 

 

   
2   

 

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2023

Sit International Growth Fund (Continued)

 

A summary of the levels for the Fund’s investments as of March 31, 2023 is as follows:

 

     Investment in Securities  
    

 

Level 1

     

 

Level 2

     

 

Level 3

         
     Quoted
        Prices ($)        		      Other significant
observable inputs ($)		      Significant
unobservable inputs ($)		              Total ($)          

Common Stocks

            

Argentina

      336,220        —                —                336,220  

Australia

      914,574        570,744                —                1,485,318  

Canada

      996,214        —                —                996,214  

China/Hong Kong

      237,699        1,129,578                —                1,367,277  

France

      —        2,461,690                —                2,461,690  

Germany

      —        1,842,147                —                1,842,147  

Ireland

      862,745        —                —                862,745  

Japan

      571,095        1,596,195                —                2,167,290  

Netherlands

      995,589        133,848                —                1,129,437  

Singapore

      —        603,667                —                603,667  

South Korea

      —        763,992                —                763,992  

Spain

      —        774,029                —                774,029  

Sweden

      133,360        250,905                —                384,265  

Switzerland

      530,364        2,146,228                —                2,676,592  

United Kingdom

      2,269,248        3,497,689                —                5,766,937  

United States

      1,190,857        —                —                1,190,857  

Investment Companies

      220,416        —                —                220,416  

Short-Term Securities

      191,174        —                —                191,174  

Total:

      9,449,555        15,770,712                —                25,220,267  

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.

 

 

   
MARCH 31, 2023    3