NPORT-EX 2 SI91SIT09302022.htm FOR VALIDATION PURPOSES ONLY - [351958.GDG]
    

SCHEDULE OF INVESTMENTS (Unaudited)

September 30, 2022

 

Sit Global Dividend Growth Fund

Investments are grouped by geographic region

 

     
Name of Issuer       Quantity       Fair Value ($)

Common Stocks - 98.2%

    

Asia - 6.8%

   

Australia - 3.9%

   

Atlassian Corp., PLC *

    3,525       742,330  

BHP Group, Ltd. ADR

     6,150       307,746  

Macquarie Group, Ltd.

     3,900       380,485  

Woodside Energy Group, Ltd., ADR

     2,222       44,795  
   

 

 

 

      1,475,356  
   

 

 

 

Japan - 1.9%

   

Astellas Pharma, Inc.

     29,900       396,094  

Recruit Holdings Co., Ltd.

     10,800       311,101  
   

 

 

 

      707,195  
   

 

 

 

Singapore - 1.0%

   

Singapore Technologies Engineering, Ltd.

     158,600       394,035  
   

 

 

 

Europe - 32.7%

   

France - 0.8%

   

Faurecia SE *

    11,926       129,097  

Safran SA, ADR

     7,700       174,636  
   

 

 

 

      303,733  
   

 

 

 

Germany - 4.0%

    

adidas AG

     835       95,993  

Allianz SE, ADR

     35,000       546,350  

Deutsche Post AG

     4,050       122,066  

Infineon Technologies AG

     6,425       140,605  

Muenchener Rueckversicherungs AG

     650       156,468  

Siemens AG

     4,350       425,181  

Siemens Energy AG

     1,600       17,617  
   

 

 

 

      1,504,280  
   

 

 

 

Ireland - 5.7%

   

Accenture, PLC

     3,675       945,577  

Linde, PLC

     1,475       397,645  

Medtronic, PLC

     6,200       500,650  

Trane Technologies, PLC

     2,175       314,962  
   

 

 

 

      2,158,834  
   

 

 

 

Spain - 1.5%

   

Iberdrola SA

     60,400       563,181  
   

 

 

 

Sweden - 0.9%

   

Telefonaktiebolaget LM Ericsson, ADR

     57,600       330,624  
   

 

 

 

Switzerland - 6.9%

   

Chubb, Ltd.

     2,650       481,982  

Logitech International SA

     9,625       442,750  

Lonza Group AG

     950       462,546  

Nestle SA

     6,075       657,056  

Partners Group Holding AG

     725       583,469  
   

 

 

 

      2,627,803  
   

 

 

 

United Kingdom - 12.9%

   

AstraZeneca, PLC, ADR

     15,400       844,536  

BAE Systems, PLC

     74,675       656,126  

Diageo, PLC, ADR

     4,225       717,447  

HomeServe, PLC

     33,725       444,353  

London Stock Exchange Group, PLC

     6,875       580,586  

Man Group, PLC

     71,800       177,783  

 

 

 

     
Name of Issuer       Quantity       Fair Value ($)

RELX, PLC

     17,550       427,735  

Shell, PLC, ADR

     20,525       1,021,324  
   

 

 

 

      4,869,890  
   

 

 

 

North America - 58.7%

   

United States - 58.7%

   

Abbott Laboratories

     7,400       716,024  

AES Corp.

     5,100       115,260  

Alphabet, Inc. - Class A *

    9,000       860,850  

Apple, Inc.

     19,200       2,653,440  

Applied Materials, Inc.

     8,175       669,778  

Arthur J Gallagher & Co.

     3,775       646,356  

Bank of America Corp.

     16,300       492,260  

Broadcom, Inc.

     1,825       810,318  

Constellation Brands, Inc.

     2,750       631,620  

CVS Health Corp.

     6,625       631,826  

Equifax, Inc.

     1,000       171,430  

Euronet Worldwide, Inc. *

    2,800       212,128  

FedEx Corp.

     1,950       289,517  

Goldman Sachs Group, Inc.

     1,400       410,270  

Home Depot, Inc.

     2,550       703,647  

Honeywell International, Inc.

     3,200       534,304  

Johnson & Johnson

     6,925       1,131,268  

JPMorgan Chase & Co.

     7,350       768,075  

Lockheed Martin Corp.

     1,565       604,544  

McDonald’s Corp.

     1,860       429,176  

Microsoft Corp.

     10,725       2,497,853  

Mondelez International, Inc.

     7,100       389,293  

Otis Worldwide Corp.

     3,875       247,225  

PepsiCo, Inc.

     5,775       942,827  

Salesforce, Inc. *

    725       104,284  

Scotts Miracle-Gro Co.

     2,675       114,356  

Sherwin-Williams Co.

     1,875       383,906  

Starbucks Corp.

     2,950       248,567  

T Rowe Price Group, Inc.

     2,450       257,274  

Thermo Fisher Scientific, Inc.

     1,175       595,948  

Union Pacific Corp.

     4,050       789,021  

UnitedHealth Group, Inc.

     1,625       820,690  

Waste Management, Inc.

     5,100       817,071  

WEC Energy Group, Inc.

     6,150       549,994  
   

 

 

 

      22,240,400  
   

 

 

 

Total Common Stocks
(cost: $26,537,949)

       37,175,331  
   

 

 

 

Short-Term Securities - 1.6%

   

Fidelity Inst. Money Mkt. Gvt. Fund, 2.74%
(cost $621,127)

     621,127       621,127  
   

 

 

 

Total Investments in Securities - 99.8%
(cost $27,159,076)

       37,796,458  

Other Assets and Liabilities, net - 0.2%

       76,359  
   

 

 

 

Net Assets - 100.0%

       $37,872,817  
   

 

 

 

 

 

 

*

Non-income producing security.

 

 

ADR — American Depositary Receipt

 

 

PLC — Public Limited Company

 

 

   
SEPTEMBER 30, 2022    1
    

SCHEDULE OF INVESTMENTS (Unaudited)

September 30, 2022

Sit Global Dividend Growth Fund (Continued)

 

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

 

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

Technology Services

      15.0%  

Finance

      14.5                      

Electronic Technology

      13.3     

Health Technology

      12.3     

Producer Manufacturing

        9.2     

Consumer Non-Durables

        9.1     

Retail Trade

        3.5     

Utilities

        3.2     

Transportation

        3.2     

Consumer Services

        2.9     

Energy Minerals

        2.8     

Process Industries

        2.4     

Health Services

        2.2     

Industrial Services

        2.2     

Commercial Services

        1.6     

Non-Energy Minerals

        0.8     

Short-Term Securities

        1.6     
  

 

  
     99.8     
Other Assets and Liabilities, net        0.2     
  

 

  
     100.0%      
  

 

  
 

 

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

            

Australia

      1,094,871        380,485                  —                1,475,356    

France

      174,636        129,097                  —                303,733    

Germany

      546,350        957,930                  —                1,504,280    

Ireland

      2,158,834        —                  —                2,158,834    

Japan

      —        707,195                  —                707,195    

Singapore

      —        394,035                  —                394,035    

Spain

      —        563,181                  —                563,181    

Sweden

      330,624        —                  —                330,624    

Switzerland

      924,732        1,703,071                  —                2,627,803    

United Kingdom

      2,583,307        2,286,583                  —                4,869,890    

United States

      22,240,400        —                  —                22,240,400    

Short-Term Securities

      621,127        —                  —                621,127    
  

 

 

  

Total:

      30,674,881        7,121,577                  —                37,796,458    
  

 

 

  

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.

 

 

   
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