SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
Sit ESG Growth Fund
Investments are grouped by geographic region.
Name of Issuer | Quantity | Fair Value ($) | ||||||
Common Stocks - 97.8% |
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Asia - 5.6% |
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Japan - 4.6% |
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Keyence Corp. |
200 | 92,601 | ||||||
Recruit Holdings Co., Ltd. |
3,100 | 135,750 | ||||||
Sony Group Corp., ADR |
1,925 | 165,050 | ||||||
Terumo Corp. |
5,200 | 94,791 | ||||||
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|
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488,192 |
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|
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Singapore - 1.0% |
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Singapore Technologies Engineering, Ltd. |
37,400 | 111,348 | ||||||
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|
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Europe - 35.7% |
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Denmark - 0.5% |
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Novo Nordisk A/S, ADR |
400 | 51,360 | ||||||
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|
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France - 1.8% |
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Forvia SE * |
2,358 | 35,755 | ||||||
Safran SA, ADR |
2,750 | 155,787 | ||||||
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|
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|
191,542 |
| ||||||
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|
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Germany - 6.3% |
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Allianz SE, ADR |
8,800 | 263,384 | ||||||
Deutsche Post AG |
1,550 | 66,747 | ||||||
Infineon Technologies AG |
1,225 | 41,650 | ||||||
Muenchener Rueckversicherungs AG |
275 | 134,190 | ||||||
Siemens AG, ADR |
1,775 | 169,388 | ||||||
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|
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|
675,359 |
| ||||||
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Ireland - 6.5% |
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Accenture, PLC |
750 | 259,957 | ||||||
CRH, PLC |
1,200 | 103,512 | ||||||
Medtronic, PLC |
725 | 63,184 | ||||||
Trane Technologies, PLC |
875 | 262,675 | ||||||
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|
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|
689,328 |
| ||||||
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Netherlands - 0.6% |
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ASML Holding NV |
65 | 63,081 | ||||||
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Spain - 1.9% |
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Iberdrola SA, ADR |
4,050 | 201,893 | ||||||
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|
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Switzerland - 4.0% |
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Chubb, Ltd. |
250 | 64,782 | ||||||
Logitech International SA |
850 | 75,965 | ||||||
Lonza Group AG |
185 | 110,813 | ||||||
Nestle SA, ADR |
1,200 | 127,440 | ||||||
Novartis AG, ADR |
450 | 43,529 | ||||||
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|
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|
422,529 |
| ||||||
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United Kingdom - 14.1% |
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AstraZeneca, PLC, ADR |
3,625 | 245,594 | ||||||
BAE Systems, PLC, ADR |
3,200 | 221,920 | ||||||
Coca-Cola Europacific Partners, PLC |
2,100 | 146,895 | ||||||
Compass Group, PLC |
3,600 | 105,551 | ||||||
Diageo, PLC, ADR |
785 | 116,761 | ||||||
Entain, PLC |
10,225 | 102,908 | ||||||
Man Group, PLC |
55,725 | 188,071 | ||||||
RELX, PLC, ADR |
4,700 | 203,463 | ||||||
Rentokil Initial, PLC, ADR |
2,375 | 71,606 |
Name of Issuer | Quantity | Fair Value ($) | ||||||
Smith & Nephew, PLC |
8,050 | 100,750 | ||||||
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|
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|
1,503,519 |
| ||||||
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|
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North America - 56.5% |
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United States - 56.5% |
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Adobe, Inc. * |
450 | 227,070 | ||||||
AES Corp. |
3,025 | 54,238 | ||||||
Alphabet, Inc. - Class A * |
2,500 | 377,325 | ||||||
Apple, Inc. |
3,600 | 617,328 | ||||||
Broadcom, Inc. |
125 | 165,676 | ||||||
Cheniere Energy, Inc. |
775 | 124,992 | ||||||
Dexcom, Inc. * |
1,080 | 149,796 | ||||||
Ecolab, Inc. |
325 | 75,042 | ||||||
FedEx Corp. |
375 | 108,653 | ||||||
Gilead Sciences, Inc. |
1,190 | 87,168 | ||||||
Goldman Sachs Group, Inc. |
600 | 250,614 | ||||||
Home Depot, Inc. |
745 | 285,782 | ||||||
Johnson & Johnson |
1,175 | 185,873 | ||||||
JPMorgan Chase & Co. |
1,075 | 215,322 | ||||||
Lockheed Martin Corp. |
275 | 125,089 | ||||||
Microsoft Corp. |
2,000 | 841,440 | ||||||
NIKE, Inc. |
850 | 79,883 | ||||||
NVIDIA Corp. |
1,000 | 903,560 | ||||||
PepsiCo, Inc. |
875 | 153,134 | ||||||
salesforce.com, Inc. |
850 | 256,003 | ||||||
Starbucks Corp. |
1,000 | 91,390 | ||||||
T Rowe Price Group, Inc. |
475 | 57,912 | ||||||
TJX Cos., Inc. |
1,380 | 139,960 | ||||||
UnitedHealth Group, Inc. |
500 | 247,350 | ||||||
Visa, Inc. |
475 | 132,563 | ||||||
Williams Cos., Inc. |
1,800 | 70,146 | ||||||
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|
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|
6,023,309 |
| ||||||
|
|
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Total Common Stocks |
10,421,460 | |||||||
|
|
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Short-Term Securities - 2.2% |
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Fidelity Inst. Money Mkt. Gvt. Fund, 5.25% |
236,831 | 236,831 | ||||||
|
|
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Total Investments in Securities - 100.0% |
10,658,291 | |||||||
Other Assets and Liabilities, net - (0.0)% |
(1,874) | |||||||
|
|
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Net Assets - 100.0% |
$10,656,417 | |||||||
|
|
* | Non-income producing security. |
ADR American Depositary Receipt |
PLC Public Limited Company |
Numeric footnotes not disclosed are not applicable to this Schedule of Investments.
MARCH 31, 2024 |
1 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
Sit ESG Growth Fund (Continued)
Portfolio Structure - By Sector | (% of Total Net Assets) | |
Technology Services |
19.7% | |
Electronic Technology |
18.4 | |
Finance |
11.0 | |
Health Technology |
10.6 | |
Producer Manufacturing |
10.2 | |
Consumer Services |
6.0 | |
Consumer Non-Durables |
5.9 | |
Retail Trade |
4.0 | |
Utilities |
2.4 | |
Health Services |
2.3 | |
Industrial Services |
1.8 | |
Transportation |
1.6 | |
Consumer Durables |
1.5 | |
Non-Energy Minerals |
1.0 | |
Process Industries |
0.7 | |
Commercial Services |
0.7 | |
Short-Term Securities |
2.2 | |
| ||
100.0 | ||
Other Assets and Liabilities, net |
(0.0) | |
| ||
100.0% | ||
|
A summary of the levels for the Funds investments as of March 31, 2024 is as follows:
Investment in Securities | ||||||||||||||||
Level 1 | Level 2 | Level 3 | ||||||||||||||
Quoted Prices ($) |
Other significant observable inputs ($) |
Significant unobservable inputs ($) |
Total ($) | |||||||||||||
Common Stocks |
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Denmark |
51,360 | | | 51,360 | ||||||||||||
France |
191,542 | | | 191,542 | ||||||||||||
Germany |
675,359 | | | 675,359 | ||||||||||||
Ireland |
689,328 | | | 689,328 | ||||||||||||
Japan |
488,192 | | | 488,192 | ||||||||||||
Netherlands |
63,081 | | | 63,081 | ||||||||||||
Singapore |
111,348 | | | 111,348 | ||||||||||||
Spain |
201,893 | | | 201,893 | ||||||||||||
Switzerland |
422,529 | | | 422,529 | ||||||||||||
United Kingdom |
1,503,519 | | | 1,503,519 | ||||||||||||
United States |
6,023,309 | | | 6,023,309 | ||||||||||||
Short-Term Securities |
236,831 | | | 236,831 | ||||||||||||
Total: |
10,658,291 | | | 10,658,291 |
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.
2 |