NPORT-EX 2 SI02SIT093021.htm HTML
    

SCHEDULE OF INVESTMENTS (Unaudited)

September 30, 2021

 

Sit Dividend Growth Fund

Investments are grouped by economic sectors.

 

 

  
Name of Issuer       Quantity           Fair Value ($)  

 

  

Common Stocks - 99.4%

    

Commercial Services - 0.3%

    

Equifax, Inc.

     2,550       646,221  
   

 

 

  

Communications - 2.8%

    

American Tower Corp.

     12,700       3,370,707  

Verizon Communications, Inc.

     61,075       3,298,661  
   

 

 

  
      6,669,368  
   

 

 

  

Consumer Durables - 1.0%

    

Activision Blizzard, Inc.

     30,450       2,356,525  
   

 

 

  

Consumer Non-Durables - 5.7%

    

Mondelez International, Inc.

     51,025       2,968,635  

NIKE, Inc.

     13,675       1,986,020  

PepsiCo, Inc.

     27,300       4,106,193  

Procter & Gamble Co.

     31,375       4,386,225  
   

 

 

  
      13,447,073  
   

 

 

  

Consumer Services - 3.1%

    

McDonald’s Corp.

     13,450       3,242,929  

Visa, Inc.

     18,000       4,009,500  
   

 

 

  
      7,252,429  
   

 

 

  

Electronic Technology - 16.2%

    

Analog Devices, Inc.

     25,300       4,237,244  

Apple, Inc.

     87,475       12,377,712  

Applied Materials, Inc.

     37,550       4,833,812  

Broadcom, Inc.

     12,500       6,061,625  

Marvell Technology, Inc.

     32,475       1,958,567  

Qualcomm, Inc.

     14,975       1,931,476  

Skyworks Solutions, Inc.

     21,050       3,468,619  

TE Connectivity, Ltd.

     23,200       3,183,504  
   

 

 

  
      38,052,559  
   

 

 

  

Energy Minerals - 0.4%

    

ConocoPhillips

     13,075       886,093  
   

 

 

  

Finance - 16.4%

    

American Financial Group, Inc.

     11,750       1,478,502  

Ameriprise Financial, Inc.

     13,450       3,552,414  

BlackRock, Inc.

     2,815       2,360,828  

Chubb, Ltd.

     17,650       3,061,922  

Everest Re Group, Ltd.

     11,615       2,912,810  

Goldman Sachs Group, Inc.

     5,900       2,230,377  

JPMorgan Chase & Co.

     25,950       4,247,756  

MetLife, Inc.

     66,725       4,118,934  

Morgan Stanley

     40,375       3,928,891  

Realty Income Corp.

     52,500       3,405,150  

STORE Capital Corp.

     95,025       3,043,651  

Truist Financial Corp.

     69,800       4,093,770  
   

 

 

  
      38,435,005  
   

 

 

  

Health Services - 1.5%

    

UnitedHealth Group, Inc.

     9,200       3,594,808  
   

 

 

  

Health Technology - 13.6%

    

Abbott Laboratories

     26,400       3,118,632  

AbbVie, Inc.

     25,775       2,780,349  

Agilent Technologies, Inc.

     14,375       2,264,494  

AstraZeneca, PLC, ADR

     58,275       3,499,997  

Baxter International, Inc.

     44,800       3,603,264  

Bristol-Myers Squibb Co.

     46,300       2,739,571  

    

    

 

  
Name of Issuer       Quantity           Fair Value ($)  

 

  

Johnson & Johnson

     39,150       6,322,725  

Medtronic, PLC

     35,075       4,396,651  

Zimmer Biomet Holdings, Inc.

     21,675       3,172,353  
   

 

 

  
      31,898,036  
   

 

 

  

Industrial Services - 1.9%

    

Jacobs Engineering Group, Inc.

     16,750       2,219,877  

TC Energy Corp.

     47,875       2,302,309  
   

 

 

  
      4,522,186  
   

 

 

  

Non-Energy Minerals - 1.1%

    

BHP Group, Ltd., ADR

     48,500       2,595,720  
   

 

 

  

Process Industries - 1.5%

    

Air Products & Chemicals, Inc.

     13,475       3,451,082  
   

 

 

  

Producer Manufacturing - 7.7%

    

Carlisle Cos, Inc.

     13,765       2,736,344  

Dover Corp.

     14,150       2,200,325  

Eaton Corp., PLC

     17,900       2,672,649  

Honeywell International, Inc.

     8,050       1,708,854  

Parker-Hannifin Corp.

     10,225       2,859,115  

Raytheon Technologies Corp.

     35,375       3,040,835  

Siemens AG, ADR

     35,150       2,887,221  
   

 

 

  
      18,105,343  
   

 

 

  

Retail Trade - 5.8%

    

CVS Health Corp.

     27,125       2,301,828  

Dollar General Corp.

     10,150       2,153,221  

Home Depot, Inc.

     10,950       3,594,447  

Target Corp.

     14,375       3,288,569  

TJX Cos., Inc.

     33,175       2,188,886  
   

 

 

  
      13,526,951  
   

 

 

  

Technology Services - 13.4%

    

Accenture, PLC

     11,075       3,543,114  

Alphabet, Inc. - Class A *

     1,780       4,758,866  

Facebook, Inc. *

     6,950       2,358,760  

Genpact, Ltd.

     53,100       2,522,781  

Microsoft Corp.

     52,400       14,772,608  

Oracle Corp.

     39,075       3,404,605  
   

 

 

  
      31,360,734  
   

 

 

  

Transportation - 2.2%

    

FedEx Corp.

     11,175       2,450,566  

Union Pacific Corp.

     13,650       2,675,536  
   

 

 

  
      5,126,102  
   

 

 

  

Utilities - 4.8%

    

AES Corp.

     79,050       1,804,711  

Alliant Energy Corp.

     52,575       2,943,149  

Entergy Corp.

     32,100       3,187,851  

NextEra Energy, Inc.

     44,050       3,458,806  
   

 

 

  
      11,394,517  
   

 

 

  

Total Common Stocks
(cost: $166,741,299)

       233,320,752  
   

 

 

  
 

 

   
SEPTEMBER 30, 2021    1

    

SCHEDULE OF INVESTMENTS (Unaudited)

September 30, 2021

Sit Dividend Growth Fund (Continued)

 

 

  
Name of Issuer       Quantity           Fair Value ($)  

 

  

Short-Term Securities - 0.3%

    

Fidelity Inst. Money Mkt. Gvt. Fund, 0.01%
(cost $701,370)

     701,370       701,370  
   

 

 

  

Total Investments in Securities - 99.7%
(cost $167,442,669)

       234,022,122  

Other Assets and Liabilities, net - 0.3%

       783,911  
   

 

 

  

Total Net Assets - 100.0%

       $234,806,033  
   

 

 

  

 

*

Non-income producing security.

ADR — American Depositary Receipt

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, 2021 is as follows:

 

     Investment in Securities  
    

Level 1

Quoted

        Prices ($)        

     

Level 2

Other significant

  observable inputs ($)  

     

Level 3

Significant

    unobservable inputs ($)    

              Total ($)          
  

 

 

  

Common Stocks**

      233,320,752        —                  —                  233,320,752  

Short-Term Securities

      701,370        —                  —                  701,370  
  

 

 

  

Total:

      234,022,122        —                  —                  234,022,122  
  

 

 

  

 

**

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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