# EDGAR Filing Document

**Accession Number:** 0000877880
**File Stem:** 0001752724-23-035244
**Filing Date:** 2023-2
**Character Count:** 26121
**Document Hash:** 3478ff26d42418dc4c892acdc634f949
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-035244.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001752724-23-035244

**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:** 23657205

**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 ESG Growth Fund (Series ID: S000054182)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000170242 | Sit ESG Growth Fund - Class I | IESGX           |
| C000170243 | Sit ESG Growth Fund - Class S | SESGX           |

## 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 ESG Growth Fund

- **b. EDGAR series identifier (if any):** S000054182

- **c. LEI of Series:** 549300JBIL8MOQCSWI92

**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:** $7579748.02

**Total Liabilities:** $7112.06

**Net Assets:** $7572635.96

**Cash Not Reported:** $1487.72

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000170242 | 8.28%                | 7.98%                | -4.32%               |
| Class ID C000170243 | 8.36%                | 7.92%                | -4.36%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-44905.25               | $613330.64                                 |
| Month 2  | $-3841.96                | $585993.88                                 |
| Month 3  | $-27106.22               | $-315381.30                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CRH PLC                                                        | CRH PLC                                                   | CUSIP: 12626K203<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |      1200 | NS      | $47748.00     | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp                                                     | FedEx Corp                                                | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |       375 | NS      | $64950.00     | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                                            | Cheniere Energy Inc                                       | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |       490 | NS      | $73480.40     | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                                              | Johnson & Johnson                                         | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      1175 | NS      | $207563.75    | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp                                           | Lockheed Martin Corp                                      | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |       185 | NS      | $90000.65     | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                                   | Alphabet Inc                                              | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      2500 | NS      | $220575.00    | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Group PLC                                              | Compass Group PLC                                         | CUSIP: 000000000<br>LEI: 2138008M6MH9OZ6U2T68 | Long             | EC               | CORP              | GB        |      1800 | NS      | $41726.91     | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                                         | UnitedHealth Group Inc                                    | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |       500 | NS      | $265090.00    | 3.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp                                                 | Starbucks Corp                                            | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |      1000 | NS      | $99200.00     | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Faurecia SE                                                    | Faurecia SE                                               | CUSIP: 000000000<br>LEI: 969500F0VMZLK2IULV85 | Long             | EC               | CORP              | FR        |      2358 | NS      | $35665.83     | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                                                | TJX Cos Inc/The                                           | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      1380 | NS      | $109848.00    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Terumo Corp                                                    | Terumo Corp                                               | CUSIP: 000000000<br>LEI: 353800JX1R4582QVK932 | Long             | EC               | CORP              | JP        |      2600 | NS      | $74212.13     | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE Inc                                                       | NIKE Inc                                                  | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |       850 | NS      | $99458.50     | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle SA                                                      | Nestle SA                                                 | CUSIP: 641069406<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |      1200 | NS      | $138408.00    | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| BAE Systems PLC                                                | BAE Systems PLC                                           | CUSIP: 05523R107<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |      3500 | NS      | $147507.50    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                                                | AstraZeneca PLC                                           | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |      2950 | NS      | $200010.00    | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                                                    | PepsiCo Inc                                               | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |       875 | NS      | $158077.50    | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp                                                | Sony Group Corp                                           | CUSIP: 835699307<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |      1925 | NS      | $146839.00    | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| RELX PLC                                                       | RELX PLC                                                  | CUSIP: 759530108<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |      4700 | NS      | $130284.00    | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                                         | Trane Technologies PLC                                    | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |       875 | NS      | $147078.75    | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                                      | Apple Inc                                                 | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      3600 | NS      | $467748.00    | 6.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                                                 | Microsoft Corp                                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      2000 | NS      | $479640.00    | 6.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Infineon Technologies AG                                       | Infineon Technologies AG                                  | CUSIP: 000000000<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |      1225 | NS      | $37280.29     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                                            | JPMorgan Chase & Co                                       | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      1075 | NS      | $144157.50    | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The                                             | Home Depot Inc/The                                        | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |       745 | NS      | $235315.70    | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Diageo PLC                                                     | Diageo PLC                                                | CUSIP: 25243Q205<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |       785 | NS      | $139879.15    | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| ST Engineering                                                 | Singapore Technologies Engineering Ltd                    | CUSIP: 000000000<br>LEI: 254900OEXGGWCR24DG90 | Long             | EC               | CORP              | SG        |     31200 | NS      | $78034.94     | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                                                    | NVIDIA Corp                                               | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      1000 | NS      | $146140.00    | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                                                  | Medtronic PLC                                             | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |      1225 | NS      | $95207.00     | 1.26%             |  |  |  | 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        |    188680 | NS      | $188679.81    | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                                   | Broadcom Inc                                              | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |        75 | NS      | $41934.75     | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Ericsson                                                       | Telefonaktiebolaget LM Ericsson                           | CUSIP: 294821608<br>LEI: 549300W9JLPW15XIFM52 | Long             | EC               | CORP              | SE        |     11175 | NS      | $65262.00     | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Post AG                                               | Deutsche Post AG                                          | CUSIP: 000000000<br>LEI: 8ER8GIG7CSMVD8VUFE78 | Long             | EC               | CORP              | DE        |      1550 | NS      | $58370.57     | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Iberdrola SA                                                   | Iberdrola SA                                              | CUSIP: 450737101<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |      4050 | NS      | $189378.00    | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                                      | Adobe Inc                                                 | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |       450 | NS      | $151438.50    | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                                                | ASML Holding NV                                           | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |        65 | NS      | $35516.00     | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Safran SA                                                      | Safran SA                                                 | CUSIP: 786584102<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |      2750 | NS      | $85910.00     | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Munich Re                                                      | Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | CUSIP: 000000000<br>LEI: 529900MUF4C20K50JS49 | Long             | EC               | CORP              | DE        |       275 | NS      | $89489.62     | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Keyence Corp                                                   | Keyence Corp                                              | CUSIP: 000000000<br>LEI: 529900M7PQBS7A89DZ11 | Long             | EC               | CORP              | JP        |       200 | NS      | $78360.26     | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Group Inc                                         | T Rowe Price Group Inc                                    | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |       475 | NS      | $51803.50     | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Recruit Holdings Co Ltd                                        | Recruit Holdings Co Ltd                                   | CUSIP: 000000000<br>LEI: 353800R2LRSMVVC4I806 | Long             | EC               | CORP              | JP        |      3100 | NS      | $98664.28     | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The                                    | Goldman Sachs Group Inc/The                               | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |       600 | NS      | $206028.00    | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                                                      | Chubb Ltd                                                 | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |       250 | NS      | $55150.00     | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                                                    | Novartis AG                                               | CUSIP: 66987V109<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |      1200 | NS      | $108864.00    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                                  | Accenture PLC                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |       575 | NS      | $153433.00    | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Europacific Partners                                 | Coca-Cola Europacific Partners PLC                        | CUSIP: 000000000<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |      2100 | NS      | $116172.00    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                                       | Visa Inc                                                  | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |       475 | NS      | $98686.00     | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Man Group PLC/Jersey                                           | Man Group PLC/Jersey                                      | CUSIP: 000000000<br>LEI: 2549003YWC1DW6LALB09 | Long             | EC               | CORP              | GB        |     44850 | NS      | $115871.15    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Allianz SE                                                     | Allianz SE                                                | CUSIP: 018820100<br>LEI: 529900K9B0N5BT694847 | Long             | EC               | CORP              | DE        |      8800 | NS      | $188760.00    | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| AES Corp/The                                                   | AES Corp/The                                              | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |      3025 | NS      | $86999.00     | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Entain PLC                                                     | Entain PLC                                                | CUSIP: 000000000<br>LEI: 213800GNI3K45LQR8L28 | Long             | EC               | CORP              | GB        |      4300 | NS      | $68697.98     | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens AG                                                     | Siemens AG                                                | CUSIP: 826197501<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |      1775 | NS      | $122102.25    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Smith & Nephew PLC                                             | Smith & Nephew PLC                                        | CUSIP: 000000000<br>LEI: 213800ZTMDN8S67S1H61 | Long             | EC               | CORP              | GB        |      5550 | NS      | $74443.82     | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                                                 | Salesforce Inc                                            | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |       850 | NS      | $112701.50    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Logitech International SA                                      | Logitech International SA                                 | CUSIP: 000000000<br>LEI: 549300SN6PRK6IJJC215 | Long             | EC               | CORP              | CH        |      1550 | NS      | $96487.50     | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                                                | CVS Health Corp                                           | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |      1550 | NS      | $144444.50    | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Astellas Pharma Inc                                            | Astellas Pharma Inc                                       | CUSIP: 000000000<br>LEI: 529900IB708DY2HBBB35 | Long             | EC               | CORP              | JP        |      6400 | NS      | $97848.22     | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Dexcom Inc                                                     | Dexcom Inc                                                | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |      1080 | NS      | $122299.20    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Lonza Group AG                                                 | Lonza Group AG                                            | CUSIP: 000000000<br>LEI: 549300EFW4H2TCZ71055 | Long             | EC               | CORP              | CH        |       185 | NS      | $90654.30     | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc                                                     | Ecolab Inc                                                | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |       325 | NS      | $47307.00     | 0.62%             |  |  |  | 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