# EDGAR Filing Document

**Accession Number:** 0000877880
**File Stem:** 0000940400-26-020328
**Filing Date:** 2026-5
**Character Count:** 37673
**Document Hash:** 73d595ac148f12121114da267536f5b4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-020328.hdr.sgml**: 20260521

**ACCESSION NUMBER**: 0000940400-26-020328

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260521

**DATE AS OF CHANGE**: 20260521

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SIT MUTUAL FUNDS INC
- **CENTRAL INDEX KEY:** 0000877880

**ORGANIZATION NAME:**
- **EIN:** 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:** 261007434

**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 Dividend Growth Fund (Series ID: S000003466)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000009600 | Sit Dividend Growth Fund - Class I | SDVGX           |
| C000033658 | Sit Dividend Growth Fund - Class S | SDVSX           |

## Nport-Ex

**SCHEDULE OF INVESTMENTS (Unaudited)** 

March 31, 2026

**Sit Dividend Growth Fund** 

Investments are grouped by economic sectors.

---

| | | |
|:---|:---|:---|
| **Name of Issuer** | **Quantity** | **Fair Value ($)** |
|  **Common Stocks - 98.7%** |  |  |
|  **Commercial Services - 1.1%** |  |  |
|  S&P Global, Inc. | 6025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2562673 |
|  **Communications - 0.9%** |  |  |
|  Verizon Communications, Inc. | 39000 | 1957800 |
|  **Consumer Non-Durables - 3.4%** |  |  |
|  Coca-Cola Co. | 38775 | 2948839 |
|  NIKE, Inc. | 31675 | 1673073 |
|  Procter & Gamble Co. | 19900 | 2874356 |
|  |  | 7496268 |
|  **Consumer Services - 2.5%** |  |  |
|  McDonald's Corp. | 8875 | 2758261 |
|  Visa, Inc. | 9150 | 2765496 |
|  |  | 5523757 |
|  **Electronic Technology - 19.8%** |  |  |
|  Analog Devices, Inc. | 4575 | 1455491 |
|  Apple, Inc. | 44700 | 11344413 |
|  Applied Materials, Inc. | 4950 | 1691860 |
|  Broadcom, Inc. | 28100 | 8697231 |
|  Cisco Systems, Inc. | 42975 | 3334430 |
|  Garmin, Ltd. | 7925 | 1838679 |
|  International Business Machines Corp. | 9650 | 2339063 |
|  Micron Technology, Inc. | 6725 | 2271974 |
|  NVIDIA Corp. | 48325 | 8427880 |
|  TE Connectivity, PLC | 14175 | 2962859 |
|  |  | 44363880 |
|  **Energy Minerals - 2.4%** |  |  |
|  Exxon Mobil Corp. | 31950 | 5420637 |
|  **Finance - 16.0%** |  |  |
|  American International Group, Inc. | 34300 | 2581075 |
|  Ameriprise Financial, Inc. | 2675 | 1188770 |
|  Arthur J Gallagher & Co. | 10275 | 2225359 |
|  Axis Capital Holdings, Ltd. | 14352 | 1455436 |
|  Bank of America Corp. | 57725 | 2814094 |
|  Bank of New York Mellon Corp. | 16625 | 1972224 |
|  CareTrust REIT, Inc. | 61075 | 2238399 |
|  Carlyle Group, Inc. | 36850 | 1783172 |
|  Citigroup, Inc. | 17975 | 2038545 |
|  Citizens Financial Group, Inc. | 28425 | 1704647 |
|  Equitable Holdings, Inc. | 51975 | 1928792 |
|  Goldman Sachs Group, Inc. | 2725 | 2305323 |
|  Intercontinental Exchange, Inc. | 10585 | 1664809 |
|  JPMorgan Chase & Co. | 12275 | 3610814 |
|  Morgan Stanley | 13700 | 2254609 |
|  Public Storage | 1100 | 297968 |
|  Realty Income Corp. | 31125 | 1904227 |
|  US Bancorp | 36425 | 1894464 |
|  |  | 35862727 |
|  **Health Services - 3.0%** |  |  |
|  Cardinal Health, Inc. | 14625 | 3090409 |
|  Quest Diagnostics, Inc. | 6575 | 1288568 |
|  UnitedHealth Group, Inc. | 8525 | 2306780 |
|  |  | 6685757 |

---

---

| | | |
|:---|:---|:---|
| **Name of Issuer** | **Quantity** | **Fair Value ($)** |
|  **Health Technology - 11.5%** |  |  |
|  Abbott Laboratories | 27175 | 2790057 |
|  AbbVie, Inc. | 12050 | 2620754 |
|  Agilent Technologies, Inc. | 19450 | 2216911 |
|  AstraZeneca, PLC | 16125 | 3180173 |
|  Eli Lilly & Co. | 3675 | 3380155 |
|  Johnson & Johnson | 15600 | 3813264 |
|  Medtronic, PLC | 31675 | 2744639 |
|  Merck & Co., Inc. | 19750 | 2375727 |
|  Stryker Corp. | 8100 | 2661579 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25783259 |
|  **Industrial Services - 3.4%** |  |  |
|  Waste Management, Inc. | 10225 | 2349603 |
|  Williams Cos., Inc. | 72800 | 5298384 |
|  |  | 7647987 |
|  **Process Industries - 2.5%** |  |  |
|  Avery Dennison Corp. | 15050 | 2598834 |
|  Linde, PLC | 6000 | 2974560 |
|  |  | 5573394 |
|  **Producer Manufacturing - 8.9%** |  |  |
|  Eaton Corp., PLC | 7750 | 2771942 |
|  Emerson Electric Co. | 14675 | 1922718 |
|  Flowserve Corp. | 27750 | 2039903 |
|  Honeywell International, Inc. | 12675 | 2864930 |
|  L3Harris Technologies, Inc. | 4850 | 1673978 |
|  Northrop Grumman Corp. | 2100 | 1432704 |
|  Parker-Hannifin Corp. | 1635 | 1463717 |
|  RTX Corp. | 14125 | 2724713 |
|  Siemens AG, ADR | 9675 | 1179189 |
|  Xylem, Inc. | 14825 | 1771588 |
|  |  | 19845382 |
|  **Retail Trade - 5.1%** |  |  |
|  Amazon.com, Inc. \* | 17675 | 3681172 |
|  eBay, Inc. | 22025 | 2004716 |
|  Home Depot, Inc. | 9625 | 3165566 |
|  TJX Cos., Inc. | 15775 | 2519267 |
|  |  | 11370721 |
|  **Technology Services - 11.3%** |  |  |
|  Accenture, PLC | 8200 | 1625978 |
|  Alphabet, Inc. - Class A | 19925 | 5729633 |
|  Genpact, Ltd. | 57775 | 2152119 |
|  Intuit, Inc. | 6600 | 2853708 |
|  Meta Platforms, Inc. | 4710 | 2694732 |
|  Microsoft Corp. | 27350 | 10124150 |
|  |  | 25180320 |
|  **Transportation - 2.2%** |  |  |
|  CH Robinson Worldwide, Inc. | 10900 | 1810163 |
|  CSX Corp. | 74575 | 3061304 |
|  |  | 4871467 |
|  **Utilities - 4.7%** |  |  |
|  Evergy, Inc. | 26355 | 2159002 |
|  IDACORP, Inc. | 7200 | 1029384 |
|  NextEra Energy, Inc. | 23900 | 2219832 |
|  NiSource, Inc. | 45300 | 2113698 |

---

MARCH 31, 2026<sub>1</sub>

------

**SCHEDULE OF INVESTMENTS (Unaudited)** 

March 31, 2026

**Sit Dividend Growth Fund (Continued)** 

---

| | | |
|:---|:---|:---|
| **Name of Issuer** | **Quantity** | **Fair Value ($)** |
|  PPL Corp. | 77600 | 2964320 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10486236 |
|  **Total Common Stocks<br>(cost: $162,271,242)** |  | 220632265 |
|  **Short-Term Securities** - **1.2%** |  |  |
|  Fidelity Inv. Money Mkt. Gvt. Fund, 3.53%<br>**(cost $2,618,411)** | 2618411 | 2618411 |
|  **Total Investments in Securities - 99.9%<br>(cost $164,889,653)** |  | 223250676 |
|  **Other Assets and Liabilities, net - 0.1%** |  | 214581 |
|  **Net Assets - 100.0%** |  | $223465257 |

---

\* 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 March 31, 2026 is as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Investment in Securities** | **Investment in Securities** | **Investment in Securities** | **Investment in Securities** |
|  | **Level 1** <br> Quoted <br> Prices ($)  | **Level 2** <br> Other significant <br> observable inputs ($)  | **Level 3**<br> Significant<br> unobservable inputs ($) | Total ($) |
|  Common Stocks\*\* | 220632265 |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220632265 |
|  Short-Term Securities | 2618411 |  |  | 2618411 |
|  Total: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;223250676 |  |  | 223250676 |

---

\*\* For equity securities categorized in a single level, refer to the detail above 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.

**2**

## 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 Dividend Growth Fund

- **b. EDGAR series identifier (if any):** S000003466

- **c. LEI of Series:** 254900F35QCGD0T7UH74

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

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2026-03-31

**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:** $223675601.89

**Total Liabilities:** $138271.89

**Net Assets:** $223537330.00

**Cash Not Reported:** $348147.69

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000009600 | 2.01%                | 0.52%                | -5.19%               |
| Class ID C000033658 | 1.97%                | 0.53%                | -5.24%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3047619.05              | $1457842.08                                |
| Month 2  | $872825.49               | $184677.14                                 |
| Month 3  | $2054976.19              | $-14595978.51                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NVIDIA Corp.                          | NVIDIA Corp. COM                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     48325 | NS      | $8427880.00   | 3.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                        | Morgan Stanley COM NEW                          | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     13700 | NS      | $2254609.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                        | S&P Global Inc COM                              | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      6025 | NS      | $2562673.50   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                         | Alphabet Inc. CAP STK CL A                      | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     19925 | NS      | $5729633.00   | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                    | Meta Platforms Inc CL A                         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      4710 | NS      | $2694732.30   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp.                 | Parker-Hannifin Corp. COM                       | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |      1635 | NS      | $1463717.40   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Companies Inc. (The)         | Williams Companies Inc. (The) COM               | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     72800 | NS      | $5298384.00   | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| L3 Harris Technologies Inc            | L3 Harris Technologies Inc COM                  | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |      4850 | NS      | $1673977.50   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                     | Exxon Mobil Corp. COM                           | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     31950 | NS      | $5420637.00   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corporation                 | Flowserve Corporation COM                       | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |     27750 | NS      | $2039902.50   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp.                             | RTX Corp. COM                                   | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |     14125 | NS      | $2724712.50   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co.                  | Emerson Electric Co. COM                        | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |     14675 | NS      | $1922718.50   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| The Procter & Gamble Co.              | The Procter & Gamble Co. COM                    | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     19900 | NS      | $2874356.00   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Group Inc                     | Carlyle Group Inc COM                           | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |     36850 | NS      | $1783171.50   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.             | Goldman Sachs Group, Inc. COM                   | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      2725 | NS      | $2305322.75   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                 | Bank of America Corp. COM                       | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     57725 | NS      | $2814093.75   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health, Inc.                 | Cardinal Health, Inc. COM                       | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |     14625 | NS      | $3090408.75   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                    | NextEra Energy Inc COM                          | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     23900 | NS      | $2219832.00   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                        | Citigroup Inc. COM NEW                          | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     17975 | NS      | $2038544.75   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corporation                       | PPL Corporation COM                             | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |     77600 | NS      | $2964320.00   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group Inc          | Citizens Financial Group Inc COM                | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |     28425 | NS      | $1704647.25   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Avery Dennison Corporation            | Avery Dennison Corporation COM                  | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |     15050 | NS      | $2598834.00   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc.                       | Home Depot Inc. COM                             | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      9625 | NS      | $3165566.25   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies Inc.             | Agilent Technologies Inc. COM                   | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |     19450 | NS      | $2216911.00   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc         | Intercontinental Exchange Inc COM               | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     10585 | NS      | $1664808.80   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                              | Visa Inc COM CL A                               | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      9150 | NS      | $2765496.00   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                            | Apple Inc. COM                                  | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     44700 | NS      | $11344413.00  | 5.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Incorporated        | Quest Diagnostics Incorporated COM              | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |      6575 | NS      | $1288568.50   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc.                | Applied Materials Inc. COM                      | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |      4950 | NS      | $1691860.50   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Caretrust Reit Inc                    | Caretrust Reit Inc COM                          | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               | CORP              | US        |     58125 | NS      | $2130281.25   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bancorp.                         | U.S. Bancorp. COM NEW                           | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |     36425 | NS      | $1894464.25   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| GENPACT LTD                           | Genpact Ltd. COM STK USD0.01                    | CUSIP: 000000000<br>LEI: 529900OSEC6Q0L4L5B35 | Long             | EC               | CORP              | BM        |     57775 | NS      | $2152118.75   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                             | Linde PLC COM EUR0.001                          | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |      6000 | NS      | $2974560.00   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| The TJX Companies Inc.                | The TJX Companies Inc. COM                      | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     16475 | NS      | $2631057.50   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corporation PLC                 | Eaton Corporation PLC COM USD0.01               | CUSIP: 000000000<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |      7750 | NS      | $2771942.50   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| The Bank of New York Mellon Corp.     | The Bank of New York Mellon Corp. COM           | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |     17575 | NS      | $2084922.25   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corporation          | Northrop Grumman Corporation COM                | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |      2100 | NS      | $1432704.00   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc.          | Honeywell International Inc. COM                | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     12675 | NS      | $2864930.25   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Garmin Ltd                            | Garmin Ltd COM CHF10.00                         | CUSIP: 000000000<br>LEI: 2549001E0HIPIJQ0W046 | Long             | EC               | CORP              | CH        |      7925 | NS      | $1838679.25   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                          | Broadcom Inc COM                                | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     28100 | NS      | $8697231.00   | 3.89%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group Inc.     | American International Group Inc. COM NEW       | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |     34300 | NS      | $2581075.00   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                            | Intuit Inc COM                                  | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      6600 | NS      | $2853708.00   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc.                           | AbbVie Inc. COM                                 | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     12575 | NS      | $2734936.75   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp.                      | McDonald's Corp. COM                            | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      8875 | NS      | $2758261.25   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial, Inc.            | Ameriprise Financial, Inc. COM                  | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |      2375 | NS      | $1055450.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corporation             | Realty Income Corporation COM                   | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |     31125 | NS      | $1904227.50   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Gallagher Aj &Co                      | Gallagher Aj &Co COM                            | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |     10275 | NS      | $2225359.50   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens AG                            | Siemens AG SPONSORED ADR                        | CUSIP: 826197501<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |      9675 | NS      | $1179189.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc.                   | Analog Devices Inc. COM                         | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |      4575 | NS      | $1455490.50   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                   | Cisco Systems, Inc. COM                         | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     42975 | NS      | $3334430.25   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc.                | Micron Technology Inc. COM                      | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      6725 | NS      | $2271974.00   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                        | Public Storage COM                              | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |      1100 | NS      | $297968.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                       | Microsoft Corp. COM                             | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     27350 | NS      | $10124149.50  | 4.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Colchester Street Trust      | Fidelity Colchester Street Trust MNY MRKT FDS I | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |   2270263 | NS      | $2270262.84   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                      | Amazon.com, Inc. COM                            | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     17675 | NS      | $3681172.25   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc.           | Verizon Communications Inc. COM                 | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     39000 | NS      | $1957800.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc.                             | eBay Inc. COM                                   | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |     22025 | NS      | $2004715.50   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings Inc                | Equitable Holdings Inc COM                      | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |     51975 | NS      | $1928792.25   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                   | Abbott Laboratories COM                         | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     27175 | NS      | $2790057.25   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corporation                   | Stryker Corporation COM                         | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |      8100 | NS      | $2661579.00   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corporation                       | CSX Corporation COM                             | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |     74575 | NS      | $3061303.75   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management, Inc.                | Waste Management, Inc. COM                      | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |     10225 | NS      | $2349602.75   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Idacorp Inc                           | Idacorp Inc COM                                 | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |      7200 | NS      | $1029384.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co (The)                    | Coca-Cola Co (The) COM                          | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     38775 | NS      | $2948838.75   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                         | Accenture PLC CLS'A'USD0.0000225                | CUSIP: 000000000<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |      8200 | NS      | $1625978.00   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                     | Johnson & Johnson COM                           | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     15600 | NS      | $3813264.00   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Nike, Inc.                            | Nike, Inc. CL B                                 | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |     31675 | NS      | $1673073.50   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                       | AstraZeneca PLC ORD USD0.25                     | CUSIP: 000000000<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |     16125 | NS      | $3180172.50   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc.                         | NiSource Inc. COM                               | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |     45300 | NS      | $2113698.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc                      | Merck & Co., Inc COM                            | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     19750 | NS      | $2375727.50   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                         | Medtronic PLC USD0.0001                         | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |     31675 | NS      | $2744638.75   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc                            | Evergy Inc COM                                  | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |     26355 | NS      | $2159001.60   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                       | Eli Lilly & Co. COM                             | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      3675 | NS      | $3380154.75   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc.               | UnitedHealth Group Inc. COM                     | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      8525 | NS      | $2306779.75   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| C.H. Robinson Worldwide Inc           | C.H. Robinson Worldwide Inc COM NEW             | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               | CORP              | US        |     10900 | NS      | $1810163.00   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| AXIS Capital Holdings Limited         | AXIS Capital Holdings Limited COM USD0.0125     | CUSIP: 000000000<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EC               | CORP              | BM        |     14352 | NS      | $1455436.32   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                  | JPMorgan Chase & Co. COM                        | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     12275 | NS      | $3610814.00   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity PLC                   | TE Connectivity PLC ORD SHS                     | CUSIP: 000000000<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |     14725 | NS      | $3077819.50   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp. | International Business Machines Corp. COM       | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      9650 | NS      | $2339063.50   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem, Inc.                           | Xylem, Inc. COM                                 | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |     14825 | NS      | $1771587.50   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-21

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

**Signature:** Paul Rasmussen

**Name of Signer:** Paul Rasmussen

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