0001752724-24-115621.txt : 20240523 0001752724-24-115621.hdr.sgml : 20240523 20240523151107 ACCESSION NUMBER: 0001752724-24-115621 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240328 FILED AS OF DATE: 20240523 DATE AS OF CHANGE: 20240523 PERIOD START: 20240630 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SIT MUTUAL FUNDS INC CENTRAL INDEX KEY: 0000877880 ORGANIZATION NAME: 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: 24977669 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 2024-06-30 2024-03-28 N 27986412.71 19776.31 27966636.40 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 6532.36000000 N Lululemon Athletica Inc 549300D9GZ4BMLDW5T40 Lululemon Athletica Inc 550021109 600.00000000 NS USD 234390.00000000 0.838105793802 Long EC CORP CA N 1 N N N Recruit Holdings Co Ltd 353800R2LRSMVVC4I806 Recruit Holdings Co Ltd 000000000 11200.00000000 NS 490453.16000000 1.753708071951 Long EC CORP JP N 1 N N N Glencore PLC 2138002658CPO9NBH955 Glencore PLC 37827X100 14500.00000000 NS USD 158775.00000000 0.567730054229 Long EC CORP CH N 1 N N N STERIS PLC N/A STERIS PLC 000000000 1175.00000000 NS USD 264163.50000000 0.944566576479 Long EC CORP US N 1 N N N Sony Group Corp 529900R5WX9N2OI2N910 Sony Group Corp 835699307 6300.00000000 NS USD 540162.00000000 1.931451434753 Long EC CORP JP N 1 N N N On Holding AG N/A On Holding AG 000000000 8625.00000000 NS USD 305152.50000000 1.091130501485 Long EC CORP CH N 1 N N N Munich Re 529900MUF4C20K50JS49 Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen 000000000 800.00000000 NS 390371.08000000 1.395845658436 Long EC CORP DE N 1 N N N Alimentation Couche-Tard Inc 549300OSW32RVX8CCZ87 Alimentation Couche-Tard Inc 01626P148 7400.00000000 NS 422349.86000000 1.510191837013 Long EC CORP CA N 1 N N N Schneider Electric SE 969500A1YF1XUYYXS284 Schneider Electric SE 000000000 3970.00000000 NS 897938.18000000 3.210747860976 Long EC CORP FR N 1 N N N Zurich Insurance Group AG 529900QVNRBND50TXP03 Zurich Insurance Group AG 000000000 680.00000000 NS 366672.95000000 1.311108510710 Long EC CORP CH N 1 N N N AXA SA F5WCUMTUM4RKZ1MAIE39 AXA SA 000000000 11750.00000000 NS 441331.91000000 1.578065748371 Long EC CORP FR N 1 N N N Budweiser Brewing Co APAC Ltd 549300YF1MR4GTF18132 Budweiser Brewing Co APAC Ltd 000000000 45100.00000000 NS 66380.30000000 0.237355322429 Long EC CORP HK N 1 N N N Westpac Banking Corp EN5TNI6CI43VEPAMHL14 Westpac Banking Corp 000000000 4425.00000000 NS 75260.69000000 0.269108837128 Long EC CORP AU N 1 N N N Iberdrola SA 5QK37QC7NWOJ8D7WVQ45 Iberdrola SA 000000000 45900.00000000 NS 569223.38000000 2.035365897630 Long EC CORP ES N 1 N N N Logitech International SA 549300SN6PRK6IJJC215 Logitech International SA 000000000 2325.00000000 NS USD 207785.25000000 0.742975476307 Long EC CORP CH N 1 N N N Stellantis NV 549300LKT9PW7ZIBDF31 Stellantis NV 000000000 16375.00000000 NS USD 463412.50000000 1.657019075772 Long EC CORP NL N 1 N N N Rio Tinto PLC 213800YOEO5OQ72G2R82 Rio Tinto PLC 767204100 4400.00000000 NS USD 280456.00000000 1.002823492924 Long EC CORP GB N 1 N N N CRH PLC 549300MIDJNNTH068E74 CRH PLC 000000000 4800.00000000 NS USD 414048.00000000 1.480506965792 Long EC CORP IE N 1 N N N Novartis AG 5493007HIVTX6SY6XD66 Novartis AG 000000000 1325.00000000 NS 128364.20000000 0.458990484819 Long EC CORP CH N 1 N N N UCB SA 2138008J191VLSGY5A09 UCB SA 000000000 1200.00000000 NS 148104.53000000 0.529575769791 Long EC CORP BE N 1 N N N ST Engineering 254900OEXGGWCR24DG90 Singapore Technologies Engineering Ltd 000000000 104800.00000000 NS 312013.33000000 1.115662697284 Long EC CORP SG N 1 N N N PING AN 529900M9MC28JLN35U89 Ping An Insurance Group Co of China Ltd 000000000 33500.00000000 NS 141457.67000000 0.505808664212 Long EC CORP CN N 1 N N N Baidu Inc 254900AL64IANZYI1E02 Baidu Inc 056752108 1075.00000000 NS USD 113176.00000000 0.404682201968 Long EC CORP CN N 1 N N N Shiseido Co Ltd 5299008QCD0YDT5OF506 Shiseido Co Ltd 000000000 4100.00000000 NS 111857.58000000 0.399967941800 Long EC CORP JP N 1 N N N Reckitt Benckiser Group PLC 5493003JFSMOJG48V108 Reckitt Benckiser Group PLC 000000000 3100.00000000 NS 176539.44000000 0.631250170649 Long EC CORP GB N 1 N N N Keyence Corp 529900M7PQBS7A89DZ11 Keyence Corp 000000000 1000.00000000 NS 463007.00000000 1.655569133798 Long EC CORP JP N 1 N N N Diageo PLC 213800ZVIELEA55JMJ32 Diageo PLC 25243Q205 1840.00000000 NS USD 273681.60000000 0.978600343944 Long EC CORP GB N 1 N N N Atlassian Corp 549300V7ZY5P02D2MY38 Atlassian Corp 049468101 1825.00000000 NS USD 356075.75000000 1.273216217020 Long EC CORP AU N 1 N N N Infineon Technologies AG TSI2PJM6EPETEQ4X1U25 Infineon Technologies AG 000000000 4100.00000000 NS 139399.83000000 0.498450467929 Long EC CORP DE N 1 N N N iShares MSCI India ETF 549300282VMCFH7S5848 iShares MSCI India ETF 46429B598 3200.00000000 NS USD 165088.00000000 0.590303380209 Long EC RF US N 1 N N N Safran SA 969500UIC89GT3UL7L24 Safran SA 000000000 2590.00000000 NS 586926.23000000 2.098665787352 Long EC CORP FR N 1 N N N Coca-Cola Europacific Partners 549300LTH67W4GWMRF57 Coca-Cola Europacific Partners PLC 000000000 5400.00000000 NS USD 377730.00000000 1.350645085084 Long EC CORP GB N 1 N N N Siemens AG W38RGI023J3WT1HWRP32 Siemens AG 000000000 3100.00000000 NS 591831.22000000 2.116204507167 Long EC CORP DE N 1 N N N Forvia SE 969500F0VMZLK2IULV85 Forvia SE 000000000 7166.00000000 NS 108659.75000000 0.388533495576 Long EC CORP FR N 1 N N N Waste Connections Inc 549300HDLRTPBQU69P29 Waste Connections Inc 94106B101 2750.00000000 NS USD 473027.50000000 1.691399327521 Long EC CORP CA N 1 N N N DBS Group Holdings Ltd 5493007FKT78NKPM5V55 DBS Group Holdings Ltd 000000000 15600.00000000 NS 416269.58000000 1.488450645426 Long EC CORP SG N 1 N N N ENN Energy Holdings Ltd 549300V7BXPWT6WIPR03 ENN Energy Holdings Ltd 000000000 18400.00000000 NS 141757.27000000 0.506879940699 Long EC CORP CN N 1 N N N AIA Group Ltd ZP5ILWVSYE4LJGMMVD57 AIA Group Ltd 000000000 32200.00000000 NS 216191.60000000 0.773033971293 Long EC CORP HK N 1 N N N Dassault Systemes SE 96950065LBWY0APQIM86 Dassault Systemes SE 000000000 11700.00000000 NS 518029.25000000 1.852311599402 Long EC CORP FR N 1 N N N BHP Group Ltd WZE1WSENV6JSZFK0JC28 BHP Group Ltd 088606108 4200.00000000 NS USD 242298.00000000 0.866382344070 Long EC CORP AU N 1 N N N Rentokil Initial PLC 549300VN4WV7Z6T14K68 Rentokil Initial PLC 000000000 47250.00000000 NS 281305.78000000 1.005862042100 Long EC CORP GB N 1 N N N Man Group PLC/Jersey 2549003YWC1DW6LALB09 Man Group PLC/Jersey 000000000 93600.00000000 NS 315898.98000000 1.129556574061 Long EC CORP GB N 1 N N N LG Chem Ltd 988400IES4EIG7O06940 LG Chem Ltd 000000000 975.00000000 NS 318662.95000000 1.139439671765 Long EC CORP KR N 1 N N N Globant SA 2221008DCMSPYS42DS88 Globant SA 000000000 2050.00000000 NS USD 413895.00000000 1.479959885343 Long EC CORP UY N 1 N N N Smith & Nephew PLC 213800ZTMDN8S67S1H61 Smith & Nephew PLC 000000000 25250.00000000 NS 316015.85000000 1.129974464859 Long EC CORP GB N 1 N N N AstraZeneca PLC PY6ZZQWO2IZFZC3IOL08 AstraZeneca PLC 046353108 10125.00000000 NS USD 685968.75000000 2.452811057392 Long EC CORP GB N 1 N N N Deutsche Post AG 8ER8GIG7CSMVD8VUFE78 Deutsche Post AG 000000000 6550.00000000 NS 282058.05000000 1.008551925822 Long EC CORP DE N 1 N N N Partners Group Holding AG 549300I3IVVWZWDHI788 Partners Group Holding AG 000000000 490.00000000 NS 699805.95000000 2.502288584121 Long EC CORP CH N 1 N N N Shell PLC 21380068P1DRHMJ8KU70 Shell PLC 780259305 12250.00000000 NS USD 821240.00000000 2.936499006366 Long EC CORP GB N 1 N N N Macquarie Group Ltd ACMHD8HWFMFUIQQ8Y590 Macquarie Group Ltd 000000000 2225.00000000 NS 289549.27000000 1.035338200342 Long EC CORP AU N 1 N N N London Stock Exchange Group PL 213800QAUUUP6I445N30 London Stock Exchange Group PLC 000000000 5100.00000000 NS 610867.98000000 2.184274044482 Long EC CORP GB N 1 N N N FIDELITY INVESTMENTS MONEY MARKET FUNDS - GOVERNMENT PORTFOLIO 549300FQDFZGLUOCWN51 FIDELITY GOVERNMENT PORT-I 316175108 356125.49000000 NS USD 356125.49000000 1.273394071801 Long STIV RF US N 1 N N N Hexagon AB 549300WJFW6ILNI4TA80 Hexagon AB 000000000 16200.00000000 NS 191754.48000000 0.685654424999 Long EC CORP SE N 1 N N N Adyen NV 724500973ODKK3IFQ447 Adyen NV 000000000 84.00000000 NS 142097.49000000 0.508096461682 Long EC CORP NL N 1 N N N Elis SA 969500UX71LCE8MAY492 Elis SA 000000000 8125.00000000 NS 184604.72000000 0.660089105316 Long EC CORP FR N 1 N N N Woodside Energy Group Ltd 2549005ZC5RXAOO7FH41 Woodside Energy Group Ltd 980228308 1517.00000000 NS USD 30294.49000000 0.108323680998 Long EC CORP AU N 1 N N N HDFC Bank Ltd 335800ZQ6I4E2JXENC50 HDFC Bank Ltd 40415F101 2400.00000000 NS USD 134328.00000000 0.480315180126 Long EC CORP IN N 1 N N N Broadcom Inc 549300WV6GIDOZJTV909 Broadcom Inc 11135F101 1025.00000000 NS USD 1358545.25000000 4.857735590970 Long EC CORP US N 1 N N N Lynas Rare Earths Ltd 529900SGT9M1FJPXXI35 Lynas Rare Earths Ltd 000000000 46625.00000000 NS 172880.30000000 0.618166223235 Long EC CORP MY N 1 N N N Accenture PLC 5493000EWHDSR3MZWH98 Accenture PLC 000000000 550.00000000 NS USD 190635.50000000 0.681653300287 Long EC CORP IE N 1 N N N BAE Systems PLC 8SVCSVKSGDWMW2QHOH83 BAE Systems PLC 000000000 48500.00000000 NS 826086.64000000 2.953829084716 Long EC CORP GB N 1 N N N ASML Holding NV 724500Y6DUVHQD6OXN27 ASML Holding NV 000000000 1025.00000000 NS USD 994731.75000000 3.556851584769 Long EC CORP NL N 1 N N N Euronet Worldwide Inc YG3575C4DSHJPA5KET68 Euronet Worldwide Inc 298736109 1375.00000000 NS USD 151153.75000000 0.540478832842 Long EC CORP US N 1 N N N Mondelez International Inc 549300DV9GIB88LZ5P30 Mondelez International Inc 609207105 4800.00000000 NS USD 336000.00000000 1.201431574374 Long EC CORP US N 1 N N N Cellnex Telecom SA 5493008T4YG3AQUI7P67 Cellnex Telecom SA 000000000 5200.00000000 NS 183840.36000000 0.657355991512 Long EC CORP ES N 1 N N N Evolution AB 549300SUH6ZR1RF6TA88 Evolution AB 30051E104 1725.00000000 NS USD 214805.63000000 0.768078173319 Long EC CORP SE N 1 N N N Allianz SE 529900K9B0N5BT694847 Allianz SE 000000000 2250.00000000 NS 674335.19000000 2.411213062433 Long EC CORP DE N 1 N N N Terumo Corp 353800JX1R4582QVK932 Terumo Corp 000000000 21600.00000000 NS 393745.54000000 1.407911678645 Long EC CORP JP N 1 N N N Linde PLC 5299003QR1WT0EF88V51 Linde PLC 000000000 500.00000000 NS USD 232160.00000000 0.830132006865 Long EC CORP US N 1 N N N D'ieteren Group 549300DV5KJ23OKVTW34 D'ieteren Group 000000000 350.00000000 NS 77634.05000000 0.277595234870 Long EC CORP BE N 1 N N N Novo Nordisk A/S 549300DAQ1CVT6CXN342 Novo Nordisk A/S 670100205 3725.00000000 NS USD 478290.00000000 1.710216391986 Long EC CORP DK N 1 N N N RELX PLC 549300WSX3VBUFFJOO66 RELX PLC 000000000 9750.00000000 NS 422329.32000000 1.510118392356 Long EC CORP GB N 1 N N N Lonza Group AG 549300EFW4H2TCZ71055 Lonza Group AG 000000000 590.00000000 NS 353404.67000000 1.263665265087 Long EC CORP CH N 1 N N N TE Connectivity Ltd 894500ZRIX9K13RHXR17 TE Connectivity Ltd 000000000 1100.00000000 NS USD 159764.00000000 0.571266410858 Long EC CORP US N 1 N N N Ashtead Group PLC 2138007UTBN8X9K1A235 Ashtead Group PLC 000000000 2000.00000000 NS 142370.52000000 0.509072732107 Long EC CORP GB N 1 N N N Entain PLC 213800GNI3K45LQR8L28 Entain PLC 000000000 27600.00000000 NS 277777.00000000 0.993244221532 Long EC CORP GB N 1 N N N Nestle SA KY37LUS27QQX7BB93L28 Nestle SA 000000000 3600.00000000 NS 382214.34000000 1.366679691233 Long EC CORP CH N 1 N N N Compass Group PLC 2138008M6MH9OZ6U2T68 Compass Group PLC 000000000 10625.00000000 NS 311522.29000000 1.113906890855 Long EC CORP GB N 1 N N N Samsung Electronics Co Ltd 9884007ER46L6N7EI764 Samsung Electronics Co Ltd 796050888 185.00000000 NS USD 275095.00000000 0.983654223072 Long EC CORP KR N 1 N N N Colliers International Group I D3O8K13PHLEXXD1DT480 Colliers International Group Inc 194693107 1600.00000000 NS USD 195568.00000000 0.699290387313 Long EC CORP CA N 1 N N N Aptiv PLC N/A Aptiv PLC 000000000 1225.00000000 NS USD 97571.25000000 0.348884465777 Long EC CORP IE N 1 N N N 2024-05-23 SIT MUTUAL FUNDS INC Paul Rasmussen Paul Rasmussen VP, Treasurer & Chief Compliance Officer XXXX NPORT-EX 2 SI90SIT033124.htm HTML

 

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2024

Sit International Growth Fund

Investments are grouped by geographic region.

 

     
Name of Issuer    Quantity      Fair Value ($)  

Common Stocks - 97.4%

      

Asia - 20.0%

     

Australia - 5.2%

     

Atlassian Corp. *

     1,825        356,076  

BHP Group, Ltd., ADR

      4,200        242,298  

Lynas Rare Earths, Ltd. *

     46,625        172,880  

Macquarie Group, Ltd.

      2,225        289,549  

Rio Tinto, PLC, ADR

      4,400        280,456  

Westpac Banking Corp.

      4,425        75,261  

Woodside Energy Group, Ltd., ADR

      1,517        30,295  
     

 

 

  
     

 

 

 

1,446,815

 

 

     

 

 

  

China/Hong Kong - 2.4%

     

AIA Group, Ltd.

      32,200        216,192  

Baidu, Inc., ADR *

     1,075        113,176  

Budweiser Brewing Co. APAC, Ltd. 4

     45,100        66,380  

ENN Energy Holdings, Ltd.

      18,400        141,757  

Ping An Insurance Group Co. of China, Ltd.

      33,500        141,458  
     

 

 

  
     

 

 

 

678,963

 

 

     

 

 

  

India - 0.5%

     

HDFC Bank, Ltd., ADR

      2,400        134,328  
     

 

 

  

Japan - 7.2%

     

Keyence Corp.

      1,000        463,007  

Recruit Holdings Co., Ltd.

      11,200        490,453  

Shiseido Co., Ltd.

      4,100        111,858  

Sony Group Corp., ADR

      6,300        540,162  

Terumo Corp.

      21,600        393,745  
     

 

 

  
     

 

 

 

1,999,225

 

 

     

 

 

  

Singapore - 2.6%

     

DBS Group Holdings, Ltd.

      15,600        416,270  

Singapore Technologies Engineering, Ltd.

      104,800        312,013  
     

 

 

  
     

 

 

 

728,283

 

 

     

 

 

  

South Korea - 2.1%

     

LG Chem, Ltd.

      975        318,663  

Samsung Electronics Co., Ltd., GDR 4

     185        275,095  
     

 

 

  
     

 

 

 

593,758

 

 

     

 

 

  

Europe - 64.6%

     
Belgium - 0.8%      

D’ieteren Group

      350        77,634  

UCB SA

      1,200        148,105  
     

 

 

  
     

 

 

 

225,739

 

 

     

 

 

  

Denmark - 1.7%

     

Novo Nordisk A/S, ADR

      3,725        478,290  
     

 

 

  

France - 9.8%

     

AXA SA

      11,750        441,332  

Dassault Systemes SE

      11,700        518,029  

Elis SA

      8,125        184,605  

Forvia SE *

     7,166        108,660  

Safran SA

      2,590        586,926  

Schneider Electric SE

      3,970        897,938  
     

 

 

  
     

 

 

 

2,737,490

 

 

     

 

 

  

Germany - 7.4%

     

Allianz SE

      2,250        674,335  
     
Name of Issuer    Quantity      Fair Value ($)  

Deutsche Post AG

      6,550        282,058  

Infineon Technologies AG

      4,100        139,400  

Muenchener Rueckversicherungs AG

      800        390,371  

Siemens AG

      3,100        591,831  
     

 

 

  
     

 

 

 

2,077,995

 

 

     

 

 

  

Ireland - 4.2%

     

Accenture, PLC

      550        190,636  

Aptiv, PLC *

     1,225        97,571  

CRH, PLC

      4,800        414,048  

Linde, PLC

      500        232,160  

STERIS, PLC

      1,175        264,163  
     

 

 

  
     

 

 

 

1,198,578

 

 

     

 

 

  

Netherlands - 5.7%

     

Adyen NV *, 4

     84        142,097  

ASML Holding NV

      1,025        994,732  

Stellantis NV

      16,375        463,413  
     

 

 

  
     

 

 

 

1,600,242

 

 

     

 

 

  

Spain - 2.7%

     

Cellnex Telecom SA 4

     5,200        183,840  

Iberdrola SA

      45,900        569,224  
     

 

 

  
     

 

 

 

753,064

 

 

     

 

 

  

Sweden - 1.5%

     

Evolution AB, ADR

      1,725        214,806  

Hexagon AB

      16,200        191,754  
     

 

 

  
     

 

 

 

406,560

 

 

     

 

 

  

Switzerland - 9.3%

     

Logitech International SA

      2,325        207,785  

Lonza Group AG

      590        353,405  

Nestle SA

      3,600        382,214  

Novartis AG

      1,325        128,364  

On Holding AG *

     8,625        305,153  

Partners Group Holding AG

      490        699,806  

TE Connectivity, Ltd.

      1,100        159,764  

Zurich Insurance Group AG

      680        366,673  
     

 

 

  
     

 

 

 

2,603,164

 

 

     

 

 

  

United Kingdom - 21.5%

     

Ashtead Group, PLC

      2,000        142,370  

AstraZeneca, PLC, ADR

      10,125        685,969  

BAE Systems, PLC

      48,500        826,087  

Coca-Cola Europacific Partners, PLC

      5,400        377,730  

Compass Group, PLC

      10,625        311,522  

Diageo, PLC, ADR

      1,840        273,682  

Entain, PLC

      27,600        277,777  

Glencore, PLC, ADR

      14,500        158,775  

London Stock Exchange Group, PLC

      5,100        610,868  

Man Group, PLC

      93,600        315,899  

Reckitt Benckiser Group, PLC

      3,100        176,539  

RELX, PLC

      9,750        422,329  

Rentokil Initial, PLC

      47,250        281,306  

Shell, PLC, ADR

      12,250        821,240  

Smith & Nephew, PLC

      25,250        316,016  
     

 

 

  
     

 

 

 

5,998,109

 

 

     

 

 

  
 

 

 

   

MARCH 31, 2024

   1

 

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2024

Sit International Growth Fund (Continued)

 

     
Name of Issuer    Quantity      Fair Value ($)  

Latin America - 1.5%

     

Argentina - 1.5%

     

Globant SA *

     2,050        413,895  
     

 

 

  

North America - 11.3%

     

Canada - 4.7%

     

Alimentation Couche-Tard, Inc.

      7,400        422,350  

Colliers International Group, Inc.

      1,600        195,568  

Lululemon Athletica, Inc. *

     600        234,390  

Waste Connections, Inc.

      2,750        473,027  
     

 

 

  
     

 

 

 

1,325,335

 

 

     

 

 

  

United States - 6.6%

     

Broadcom, Inc.

      1,025        1,358,545  

Euronet Worldwide, Inc. *

     1,375        151,154  

Mondelez International, Inc.

      4,800        336,000  
     

 

 

  
     

 

 

 

1,845,699

 

 

     

 

 

  

Total Common Stocks
(cost: $17,719,502)

         27,245,532  
     

 

 

  

Investment Companies  0.6%

      

iShares MSCI India ETF
(cost $95,267)

      3,200        165,088  
     

 

 

  

Short-Term Securities - 1.3%

     

Fidelity Inst. Money Mkt. Gvt. Fund, 5.25%
(cost $363,493)

      363,493        363,493  
     

 

 

  

Total Investments in Securities - 99.3%
(cost $18,178,262)

         27,774,113  

Other Assets and Liabilities, net - 0.7%

         194,397  
     

 

 

  

Net Assets - 100.0%

         $27,968,510  
     

 

 

  

                

 

*

Non-income producing security.

4 

144A Restricted Security. The total value of such securities as of March 31, 2024 was $667,412 and represented 2.4% of net assets. These securities have been determined to be liquid by the Adviser in accordance with guidelines established by the Board of Directors.

 

 

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

    17.6%

Producer Manufacturing

    12.9  

Electronic Technology

    12.9  

Health Technology

    9.9 

Technology Services

    8.5 

Consumer Non-Durables

    7.2 

Consumer Services

    4.7 

Non-Energy Minerals

    4.5 

Consumer Durables

    3.6 

Energy Minerals

    3.0 

Utilities

    2.5 

Commercial Services

    2.4 

Retail Trade

    2.3 

Process Industries

    2.0 

Industrial Services

    1.7 

Transportation

    1.0 

Communications

    0.7 

Investment Companies

    0.6 

Short-Term Securities

    1.3 
  

 

  

 

99.3  

Other Assets and Liabilities, net

    0.7 
  

 

  

 

100.0% 

  

 

 

 

 

 

   

2

  

 

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2024

Sit International Growth Fund (Continued)

 

A summary of the levels for the Fund’s investments as of March 31, 2024 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

      413,895        —          —          413,895  

Australia

      1,446,815        —          —          1,446,815  

Belgium

      225,739        —          —          225,739  

Canada

      1,325,335        —          —          1,325,335  

China/Hong Kong

      678,963        —          —          678,963  

Denmark

      478,290        —          —          478,290  

France

      2,737,490        —          —          2,737,490  

Germany

      2,077,995        —          —          2,077,995  

India

      134,328        —          —          134,328  

Ireland

      1,198,578        —          —          1,198,578  

Japan

      1,999,225        —          —          1,999,225  

Netherlands

      1,600,242        —          —          1,600,242  

Singapore

      728,283        —          —          728,283  

South Korea

      593,758        —          —          593,758  

Spain

      753,064        —          —          753,064  

Sweden

      406,560        —          —          406,560  

Switzerland

      2,603,164        —          —          2,603,164  

United Kingdom

      5,998,109        —          —          5,998,109  

United States

      1,845,699        —          —          1,845,699  

Investment Companies

      165,088        —          —          165,088  

Short-Term Securities

      363,493        —          —          363,493  

Total:

   

 

 

 

27,774,113

 

 

   

 

 

 

—  

 

 

   

 

 

 

—  

 

 

   

 

 

 

27,774,113

 

 

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, 2024

   3