# EDGAR Filing Document

**Accession Number:** 0000877880
**File Stem:** 0001752724-23-035240
**Filing Date:** 2023-2
**Character Count:** 38888
**Document Hash:** c9da5602a1b44f52b1d44a46b578f2a2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-035240.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001752724-23-035240

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230223

**DATE AS OF CHANGE**: 20230223

**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:** 23657201

**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

## Series and Classes Contracts Data

### Sit Small Cap Dividend Growth Fund (Series ID: S000048642)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000153295 | Sit Small Cap Dividend Growth Fund - Class I | SSCDX           |
| C000153296 | Sit Small Cap Dividend Growth Fund - Class S | SDFSX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** SIT MUTUAL FUNDS INC

- **b. Investment Company Act file number:** 811-06373

- **c. CIK number of Registrant:** 0000877880

- **d. LEI of Registrant:** 254900G3NOOZ0B3T2Q46

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 80 S. Eighth Street

  - **City:** Minneapolis

  - **State:** MN

  - **Foreign country:** US

  - **Zip / Postal Code:** 55402

  - **Telephone number:** 612-332-3223

**Item A.2. Information about the Series.**

- **a. Name of Series:** Sit Small Cap Dividend Growth Fund

- **b. EDGAR series identifier (if any):** S000048642

- **c. LEI of Series:** 549300SLBKDDGWRKIP44

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-06-30

- **b. Date as of which information is reported:** 2022-12-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $19526413.68

**Total Liabilities:** $15852.53

**Net Assets:** $19510561.15

**Cash Not Reported:** $10039.68

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000153296 | 8.81%                | 6.42%                | -5.29%               |
| Class ID C000153295 | 8.79%                | 6.41%                | -5.23%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $20695.03                | $1574075.22                                |
| Month 2  | $-72210.85               | $1274584.37                                |
| Month 3  | $21163.61                | $-1124594.06                               |

### Schedule of Portfolio Investments

| Name                                                           | Title                                                   | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| American Financial Group Inc/O                                 | American Financial Group Inc/OH                         | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |      1875 | NS      | $257400.00    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp                                                | Bio-Techne Corp                                         | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |      1300 | NS      | $107744.00    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntsman Corp                                                  | Huntsman Corp                                           | CUSIP: 447011107<br>LEI: 5299000V56320A7RIQ67 | Long             | EC               | CORP              | US        |      4650 | NS      | $127782.00    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corp                                                  | M&T Bank Corp                                           | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |      2174 | NS      | $315360.44    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Scotts Miracle-Gro Co/The                                      | Scotts Miracle-Gro Co/The                               | CUSIP: 810186106<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | EC               | CORP              | US        |      1300 | NS      | $63167.00     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Utilities Corp                                      | Chesapeake Utilities Corp                               | CUSIP: 165303108<br>LEI: 254900WW0FDCKAOCKE74 | Long             | EC               | CORP              | US        |       950 | NS      | $112271.00    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Instruments Inc                                            | MKS Instruments Inc                                     | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |      3275 | NS      | $277490.75    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group Inc                                                | EMCOR Group Inc                                         | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |      2075 | NS      | $307328.25    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc                                            | Eagle Materials Inc                                     | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |      1575 | NS      | $209238.75    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| AtriCure Inc                                                   | AtriCure Inc                                            | CUSIP: 04963C209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5500 | NS      | $244090.00    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc                                                      | Spire Inc                                               | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |      1325 | NS      | $91239.50     | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Tr                                 | Essential Properties Realty Trust Inc                   | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               | CORP              | US        |     10050 | NS      | $235873.50    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| PotlatchDeltic Corp                                            | PotlatchDeltic Corp                                     | CUSIP: 737630103<br>LEI: 54930084YA8UJOTXDM59 | Long             | EC               | CORP              | US        |      2810 | NS      | $123611.90    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Mativ Holdings Inc                                             | Mativ Holdings Inc                                      | CUSIP: 808541106<br>LEI: 549300Z1FU4IDULG1R21 | Long             | EC               | CORP              | US        |      3428 | NS      | $71645.20     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| FTI Consulting Inc                                             | FTI Consulting Inc                                      | CUSIP: 302941109<br>LEI: 549300K17GM8EQD0FQ48 | Long             | EC               | CORP              | US        |       850 | NS      | $134980.00    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corp                                             | Regal Rexnord Corp                                      | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |      1042 | NS      | $125019.16    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO Financial Group Inc                                        | CNO Financial Group Inc                                 | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               | CORP              | US        |     14000 | NS      | $319900.00    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Entegris Inc                                                   | Entegris Inc                                            | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |       991 | NS      | $64999.69     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Oil and Gas Inc                                       | Northern Oil and Gas Inc                                | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | EC               | CORP              | US        |     13075 | NS      | $402971.50    | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Lease Corp                                                 | Air Lease Corp                                          | CUSIP: 00912X302<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EC               | CORP              | US        |      4225 | NS      | $162324.50    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts Inc                                               | Vail Resorts Inc                                        | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |       700 | NS      | $166845.00    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Twist Bioscience Corp                                          | Twist Bioscience Corp                                   | CUSIP: 90184D100<br>LEI: 549300T23BL59LCOH584 | Long             | EC               | CORP              | US        |      1425 | NS      | $33929.25     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Boot Barn Holdings Inc                                         | Boot Barn Holdings Inc                                  | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |      3700 | NS      | $231324.00    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc                                  | Lincoln Electric Holdings Inc                           | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |      1325 | NS      | $191449.25    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Stepan Co                                                      | Stepan Co                                               | CUSIP: 858586100<br>LEI: IZU1EW9GB3WC7CYCSR17 | Long             | EC               | CORP              | US        |       950 | NS      | $101137.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Artisan Partners Asset Managem                                 | Artisan Partners Asset Management Inc                   | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |      6300 | NS      | $187110.00    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corp                                               | Black Hills Corp                                        | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |      3400 | NS      | $239156.00    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| FIDELITY INVESTMENTS MONEY MARKET FUNDS - GOVERNMENT PORTFOLIO | FIDELITY GOVERNMENT PORT-I                              | CUSIP: 316175108<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    282065 | NS      | $282064.90    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Cos Inc                                               | Carlisle Cos Inc                                        | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |      1175 | NS      | $276888.75    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corp                                          | Tenet Healthcare Corp                                   | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |      6400 | NS      | $312256.00    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Belden Inc                                                     | Belden Inc                                              | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |      3175 | NS      | $228282.50    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co Inc                                               | Donaldson Co Inc                                        | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |      2675 | NS      | $157477.25    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Avient Corp                                                    | Avient Corp                                             | CUSIP: 05368V106<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | EC               | CORP              | US        |      2125 | NS      | $71740.00     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Knight-Swift Transportation Ho                                 | Knight-Swift Transportation Holdings Inc                | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3700 | NS      | $193917.00    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Hercules Capital Inc                                           | Hercules Capital Inc                                    | CUSIP: 427096508<br>LEI: 549300UJ5OC256GR2B73 | Long             | EC               | CORP              | US        |      7725 | NS      | $102124.50    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| KBR Inc                                                        | KBR Inc                                                 | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |     10775 | NS      | $568920.00    | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanover Insurance Group Inc/Th                                 | Hanover Insurance Group Inc/The                         | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |      1275 | NS      | $172290.75    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| STORE Capital Corp                                             | STORE Capital Corp                                      | CUSIP: 862121100<br>LEI: 5493004EA6C9IHDZ7N66 | Long             | EC               | CORP              | US        |      6225 | NS      | $199573.50    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Brink's Co/The                                                 | Brink's Co/The                                          | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |      1825 | NS      | $98020.75     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Cabot Corp                                                     | Cabot Corp                                              | CUSIP: 127055101<br>LEI: K05C0SER542GQ6VLRO68 | Long             | EC               | CORP              | US        |       700 | NS      | $46788.00     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Silgan Holdings Inc                                            | Silgan Holdings Inc                                     | CUSIP: 827048109<br>LEI: KAF673KJXD92C8KSLU49 | Long             | EC               | CORP              | US        |      5800 | NS      | $300672.00    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Inmode Ltd                                                     | Inmode Ltd                                              | CUSIP: 000000000<br>LEI: 984500DD95A35E9BD358 | Long             | EC               | CORP              | IL        |      6250 | NS      | $223125.00    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Alliance Bancorp                                       | Western Alliance Bancorp                                | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |      2775 | NS      | $165279.00    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Science Applications Internati                                 | Science Applications International Corp                 | CUSIP: 808625107<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | EC               | CORP              | US        |       500 | NS      | $55465.00     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Bank                                                   | Cadence Bank                                            | CUSIP: 12740C103<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EC               | CORP              | US        |      7300 | NS      | $180018.00    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| AGCO Corp                                                      | AGCO Corp                                               | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |      1350 | NS      | $187231.50    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Provident Financial Services I                                 | Provident Financial Services Inc                        | CUSIP: 74386T105<br>LEI: 529900JOSO3SXEDVE477 | Long             | EC               | CORP              | US        |     11075 | NS      | $236562.00    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corp                                          | Encompass Health Corp                                   | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |      4200 | NS      | $251202.00    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| MDC Holdings Inc                                               | MDC Holdings Inc                                        | CUSIP: 552676108<br>LEI: 5299005FV4VNV75R8R35 | Long             | EC               | CORP              | US        |      4050 | NS      | $127980.00    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| National Presto Industries Inc                                 | National Presto Industries Inc                          | CUSIP: 637215104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       750 | NS      | $51345.00     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corp                                          | Stifel Financial Corp                                   | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |      6000 | NS      | $350220.00    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Physicians Realty Trust                                        | Physicians Realty Trust                                 | CUSIP: 71943U104<br>LEI: 549300ITOVH0OY7PZC34 | Long             | EC               | CORP              | US        |     11250 | NS      | $162787.50    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| STERIS PLC                                                     | STERIS PLC                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       975 | NS      | $180072.75    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc                                      | Halozyme Therapeutics Inc                               | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |      6175 | NS      | $351357.50    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| MYR Group Inc                                                  | MYR Group Inc                                           | CUSIP: 55405W104<br>LEI: 529900G1IMMZHOQ17I54 | Long             | EC               | CORP              | US        |      1400 | NS      | $128898.00    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| EnPro Industries Inc                                           | EnPro Industries Inc                                    | CUSIP: 29355X107<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | EC               | CORP              | US        |      2050 | NS      | $222814.50    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Altair Engineering Inc                                         | Altair Engineering Inc                                  | CUSIP: 021369103<br>LEI: 549300FJ89HZ6GU9S994 | Long             | EC               | CORP              | US        |       800 | NS      | $36376.00     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Olin Corp                                                      | Olin Corp                                               | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |      7625 | NS      | $403667.50    | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| H&E Equipment Services Inc                                     | H&E Equipment Services Inc                              | CUSIP: 404030108<br>LEI: 254900KVLRCDMQRYY541 | Long             | EC               | CORP              | US        |      6750 | NS      | $306450.00    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Inc                                                    | Hubbell Inc                                             | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |      1025 | NS      | $240547.00    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Holdings Co                                              | Crane Holdings Co                                       | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |      3275 | NS      | $328973.75    | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Old National Bancorp/IN                                        | Old National Bancorp/IN                                 | CUSIP: 680033107<br>LEI: 549300MMK90CL5KMVX16 | Long             | EC               | CORP              | US        |     20675 | NS      | $371736.50    | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexstar Media Group Inc                                        | Nexstar Media Group Inc                                 | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |      2250 | NS      | $393817.50    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Capital Holdings Ltd                                      | Axis Capital Holdings Ltd                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |      6300 | NS      | $341271.00    | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| MP Materials Corp                                              | MP Materials Corp                                       | CUSIP: 553368101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3575 | NS      | $86801.00     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensient Technologies Corp                                     | Sensient Technologies Corp                              | CUSIP: 81725T100<br>LEI: CMMZHMFZQG86EI7WZU92 | Long             | EC               | CORP              | US        |      2450 | NS      | $178654.00    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| World Fuel Services Corp                                       | World Fuel Services Corp                                | CUSIP: 981475106<br>LEI: D3W7PCXCBRQLL17DZ313 | Long             | EC               | CORP              | US        |      8675 | NS      | $237087.75    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ Inc                                                        | AZZ Inc                                                 | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |      3650 | NS      | $146730.00    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores Inc                                     | Casey's General Stores Inc                              | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |      1025 | NS      | $229958.75    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| AZEK Co Inc/The                                                | AZEK Co Inc/The                                         | CUSIP: 05478C105<br>LEI: 5493002LDDDU1RX46815 | Long             | EC               | CORP              | US        |      5700 | NS      | $115824.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Marten Transport Ltd                                           | Marten Transport Ltd                                    | CUSIP: 573075108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8450 | NS      | $167141.00    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Crocs Inc                                                      | Crocs Inc                                               | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Long             | EC               | CORP              | US        |      1375 | NS      | $149091.25    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                                                   | Evercore Inc                                            | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |      1900 | NS      | $207252.00    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| nCino Inc                                                      | nCino Inc                                               | CUSIP: 63947X101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4800 | NS      | $126912.00    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Addus HomeCare Corp                                            | Addus HomeCare Corp                                     | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |      2450 | NS      | $243750.50    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Colliers International Group I                                 | Colliers International Group Inc                        | CUSIP: 194693107<br>LEI: D3O8K13PHLEXXD1DT480 | Long             | EC               | CORP              | CA        |      2050 | NS      | $188682.00    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| CubeSmart                                                      | CubeSmart                                               | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5250 | NS      | $211312.50    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Horace Mann Educators Corp                                     | Horace Mann Educators Corp                              | CUSIP: 440327104<br>LEI: 254900G5YAV3A2YK8T32 | Long             | EC               | CORP              | US        |      2700 | NS      | $100899.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Hannon Armstrong Sustainable I                                 | Hannon Armstrong Sustainable Infrastructure Capital Inc | CUSIP: 41068X100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4825 | NS      | $139828.50    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Piper Sandler Cos                                              | Piper Sandler Cos                                       | CUSIP: 724078100<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |      1450 | NS      | $188775.50    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| TFI International Inc                                          | TFI International Inc                                   | CUSIP: 87241L109<br>LEI: 5493007R9W7KO7SJN678 | Long             | EC               | CORP              | CA        |      3475 | NS      | $348334.00    | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| YETI Holdings Inc                                              | YETI Holdings Inc                                       | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |      2700 | NS      | $111537.00    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                                                  | Coherent Corp                                           | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |      2450 | NS      | $85995.00     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Integrations Inc                                         | Power Integrations Inc                                  | CUSIP: 739276103<br>LEI: 54930085LGXSCIHD5W31 | Long             | EC               | CORP              | US        |      3400 | NS      | $243848.00    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Associated Banc-Corp                                           | Associated Banc-Corp                                    | CUSIP: 045487105<br>LEI: 549300N3CIN473IW5094 | Long             | EC               | CORP              | US        |     10100 | NS      | $233209.00    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Globant SA                                                     | Globant SA                                              | CUSIP: 000000000<br>LEI: 2221008DCMSPYS42DS88 | Long             | EC               | CORP              | UY        |      1625 | NS      | $273260.00    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp                                              | Chord Energy Corp                                       | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |      2810 | NS      | $384436.10    | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc                                   | Monolithic Power Systems Inc                            | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |      1200 | NS      | $424332.00    | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Booz Allen Hamilton Holding Co                                 | Booz Allen Hamilton Holding Corp                        | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |      3200 | NS      | $334464.00    | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Atrion Corp                                                    | Atrion Corp                                             | CUSIP: 049904105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       250 | NS      | $139862.50    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadstone Net Lease Inc                                       | Broadstone Net Lease Inc                                | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               | CORP              | US        |     11800 | NS      | $191278.00    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Seres Therapeutics Inc                                         | Seres Therapeutics Inc                                  | CUSIP: 81750R102<br>LEI: 549300GMXBE5NUWISF13 | Long             | EC               | CORP              | US        |     31400 | NS      | $175840.00    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Group Inc/The                                          | Carlyle Group Inc/The                                   | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |      8075 | NS      | $240958.00    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Co                                           | Commercial Metals Co                                    | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |      3950 | NS      | $190785.00    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Thor Industries Inc                                            | Thor Industries Inc                                     | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |      2300 | NS      | $173627.00    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-22

**Name of Applicant:** SIT MUTUAL FUNDS INC

**Signature:** Paul Rasmussen

**Name of Signer:** Paul Rasmussen

**Title:** VP, Treasurer & Chief Compliance Officer