# EDGAR Filing Document

**Accession Number:** 0000877880
**File Stem:** 0000940400-26-020291
**Filing Date:** 2026-5
**Character Count:** 29775
**Document Hash:** be250f708cd84a9f1e37f69d6d39b484
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-020291.hdr.sgml**: 20260521

**ACCESSION NUMBER**: 0000940400-26-020291

**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:** 261007386

**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 Global Dividend Growth Fund (Series ID: S000023468)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000069003 | Sit Global Dividend Growth Fund - Class I | GDGIX           |
| C000071096 | Sit Global Dividend Growth Fund - Class S | GDGSX           |

## Nport-Ex

**SCHEDULE OF INVESTMENTS (Unaudited)** 

March 31, 2026

**Sit Global Dividend Growth Fund** 

Investments are grouped by geographic region.

---

| | | |
|:---|:---|:---|
| **Name of Issuer** | **Quantity** | **Fair Value ($)** |
|  **Common Stocks - 97.6%** |  |  |
|  **Asia - 4.3%** |  |  |
|  **Australia - 1.3%** |  |  |
|  Atlassian Corp. \* | 3445 | 235121 |
|  Macquarie Group, Ltd. | 3810 | 541237 |
|  |  | 776358 |
|  **Japan - 0.8%** |  |  |
|  Recruit Holdings Co., Ltd. | 10600 | 461842 |
|  **Singapore - 2.2%** |  |  |
|  Singapore Technologies Engineering, Ltd. | 155000 | 1315521 |
|  **Europe - 28.6%** |  |  |
|  **Belgium - 1.6%** |  |  |
|  D'ieteren Group | 5225 | 967424 |
|  **France - 1.0%** |  |  |
|  Safran SA, ADR | 7520 | 616865 |
|  **Germany - 5.5%** |  |  |
|  Allianz SE, ADR | 23840 | 1002234 |
|  Infineon Technologies AG | 6275 | 284672 |
|  Muenchener Rueckversicherungs AG | 1470 | 928366 |
|  Siemens AG | 4250 | 1035445 |
|  |  | 3250717 |
|  **Ireland - 3.8%** |  |  |
|  Accenture, PLC | 3285 | 651383 |
|  Linde, PLC | 1445 | 716373 |
|  Trane Technologies, PLC | 2125 | 885572 |
|  |  | 2253328 |
|  **Spain - 2.3%** |  |  |
|  Iberdrola SA | 59010 | 1350985 |
|  **Switzerland - 4.3%** |  |  |
|  Chubb, Ltd. | 2290 | 746380 |
|  Lonza Group AG | 930 | 596612 |
|  Nestle SA | 4885 | 479175 |
|  Partners Group Holding AG | 705 | 759878 |
|  |  | 2582045 |
|  **United Kingdom - 10.1%** |  |  |
|  AstraZeneca, PLC | 6500 | 1281930 |
|  BAE Systems, PLC | 27380 | 802741 |
|  Compass Group, PLC | 14170 | 395356 |
|  London Stock Exchange Group, PLC | 6715 | 792959 |
|  Man Group, PLC | 216290 | 728144 |
|  RELX, PLC | 14120 | 470245 |
|  Shell, PLC, ADR | 16175 | 1504275 |
|  |  | 5975650 |
|  **North America - 64.7%** |  |  |
|  **United States - 64.7%** |  |  |
|  Abbott Laboratories | 7230 | 742304 |
|  AbbVie, Inc. | 750 | 163118 |
|  Alphabet, Inc. - Class A | 8790 | 2527652 |
|  Apple, Inc. | 16875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4282706 |
|  Applied Materials, Inc. | 6100 | 2084919 |
|  Arthur J Gallagher & Co. | 2425 | 525206 |
|  Bank of America Corp. | 5900 | 287625 |

---

---

| | | |
|:---|:---|:---|
| **Name of Issuer** | **Quantity** | **Fair Value ($)** |
|  Broadcom, Inc. | 17285 | 5349880 |
|  Cheniere Energy, Inc. | 2830 | 803041 |
|  ConocoPhillips | 4025 | 531300 |
|  Eli Lilly & Co. | 800 | 735816 |
|  FedEx Corp. | 1900 | 676742 |
|  Goldman Sachs Group, Inc. | 1370 | 1159006 |
|  Home Depot, Inc. | 2490 | 818936 |
|  Honeywell International, Inc. | 4330 | 978710 |
|  JPMorgan Chase & Co. | 7180 | 2112069 |
|  Lockheed Martin Corp. | 1525 | 921695 |
|  McDonald's Corp. | 2100 | 652659 |
|  Microsoft Corp. | 9375 | 3470344 |
|  Mondelez International, Inc. | 6940 | 400022 |
|  NVIDIA Corp. | 16125 | 2812200 |
|  Otis Worldwide Corp. | 3785 | 291748 |
|  PepsiCo, Inc. | 4765 | 739957 |
|  Salesforce, Inc. | 705 | 131602 |
|  Sherwin-Williams Co. | 1835 | 588209 |
|  Stryker Corp. | 1050 | 345020 |
|  Thermo Fisher Scientific, Inc. | 1145 | 562802 |
|  Union Pacific Corp. | 3960 | 960775 |
|  UnitedHealth Group, Inc. | 2580 | 698122 |
|  Waste Management, Inc. | 3815 | 876649 |
|  WEC Energy Group, Inc. | 3010 | 348468 |
|  Williams Cos., Inc. | 12000 | 873360 |
|  |  | 38452662 |
|  **Total Common Stocks<br>(cost: $23,475,503)** |  | 58003397 |
|  **Short-Term Securities - 2.2%** |  |  |
|  Fidelity Inv. Money Mkt. Gvt. Fund, 3.53%<br>**(cost $1,328,568)** | 1328568 | 1328568 |
|  **Total Investments in Securities - 99.8%<br>(cost $24,804,071)** |  | 59331965 |
|  **Other Assets and Liabilities, net - 0.2%** |  | 98456 |
|  **Net Assets - 100.0%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$59430421 |

---

\* Non-income producing security.

ADR — American Depositary Receipt

PLC — Public Limited Company

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

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

------

**SCHEDULE OF INVESTMENTS (Unaudited)** 

March 31, 2026

**Sit Global Dividend Growth Fund (Continued)** 

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 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Australia | 235121 | 541237 |  | 776358 |
| &nbsp;&nbsp;&nbsp;&nbsp; Belgium |  | 967424 |  | 967424 |
| &nbsp;&nbsp;&nbsp;&nbsp; France | 616865 |  |  | 616865 |
| &nbsp;&nbsp;&nbsp;&nbsp; Germany | 1002234 | 2248483 |  | 3250717 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ireland | 2253328 |  |  | 2253328 |
| &nbsp;&nbsp;&nbsp;&nbsp; Japan |  | 461842 |  | 461842 |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore |  | 1315521 |  | 1315521 |
| &nbsp;&nbsp;&nbsp;&nbsp; Spain |  | 1350985 |  | 1350985 |
| &nbsp;&nbsp;&nbsp;&nbsp; Switzerland | 746380 | 1835665 |  | 2582045 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Kingdom | 2786205 | 3189445 |  | 5975650 |
| &nbsp;&nbsp;&nbsp;&nbsp; United States | 38452662 |  |  | 38452662 |
|  Short-Term Securities | 1328568 |  |  | 1328568 |
|  Total: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47421363 | 11910602 |  | 59331965 |

---

Level 1 securities of foreign issuers are primarily American Depositary Receipts (ADRs), Public Limited Companies (PLCs) or Global Depositary Receipts (GDRs).

There were no transfers into or out of level 3 during the reporting period.

For additional information about significant accounting policies, including valuation of investments, refer to the Fund's most recent annual report.

**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 Global Dividend Growth Fund

- **b. EDGAR series identifier (if any):** S000023468

- **c. LEI of Series:** 254900TZG570AN0A5V42

**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:** $59481252.23

**Total Liabilities:** $52298.03

**Net Assets:** $59428954.20

**Cash Not Reported:** $26016.56

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000071096 | 1.50%                | 0.56%                | -4.93%               |
| Class ID C000069003 | 1.53%                | 0.55%                | -4.93%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $115166.16               | $813028.16                                 |
| Month 2  | $0.00                    | $308070.08                                 |
| Month 3  | $-185514.46              | $-2911553.64                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Recruit Holdings Co Ltd.                | Recruit Holdings Co Ltd. NPV                      | CUSIP: 000000000<br>LEI: 353800R2LRSMVVC4I806 | Long             | EC               | CORP              | JP        |     10600 | NS      | $461841.68    | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Union Pacific Corporation               | Union Pacific Corporation COM                     | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |      3960 | NS      | $960775.20    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc.             | Mondelez International Inc. CL A                  | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |      6940 | NS      | $400021.60    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc            | Thermo Fisher Scientific Inc COM                  | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      1145 | NS      | $562801.85    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc.                 | UnitedHealth Group Inc. COM                       | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      2580 | NS      | $698122.20    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                           | Alphabet Inc. CAP STK CL A                        | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      8790 | NS      | $2527652.40   | 4.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Group PLC                       | Compass Group PLC ORD GBP0.1105                   | CUSIP: 000000000<br>LEI: 2138008M6MH9OZ6U2T68 | Long             | EC               | CORP              | GB        |     14170 | NS      | $395356.15    | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.               | Goldman Sachs Group, Inc. COM                     | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      1370 | NS      | $1159006.30   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Iberdrola, S.A.                         | Iberdrola, S.A. EUR0.75                           | CUSIP: 000000000<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |     59010 | NS      | $1350984.80   | 2.27%             |  |  |  | No            |                  2 | On Loan: No      |
| ConocoPhillips                          | ConocoPhillips COM                                | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |      4025 | NS      | $531300.00    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc.                  | Applied Materials Inc. COM                        | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |      6100 | NS      | $2084919.00   | 3.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Gallagher Aj &Co                        | Gallagher Aj &Co COM                              | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |      2425 | NS      | $525206.50    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico Inc                             | Pepsico Inc COM                                   | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      4765 | NS      | $739956.85    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| BAE Systems PLC                         | BAE Systems PLC ORD GBP0.025                      | CUSIP: 000000000<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |     27380 | NS      | $802740.70    | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Lonza Group AG                          | Lonza Group AG CHF1 (REGD)                        | CUSIP: 000000000<br>LEI: 549300EFW4H2TCZ71055 | Long             | EC               | CORP              | CH        |       930 | NS      | $596612.30    | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Safran SA                               | Safran SA SPON ADR                                | CUSIP: 786584102<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |      7520 | NS      | $616865.60    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                           | Accenture PLC CLS'A'USD0.0000225                  | CUSIP: 000000000<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |      3285 | NS      | $651382.65    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens AG                              | Siemens AG NPV(REGD)                              | CUSIP: 000000000<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |      4250 | NS      | $1035444.89   | 1.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Waste Management, Inc.                  | Waste Management, Inc. COM                        | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |      3815 | NS      | $876648.85    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Infineon Technologies AG                | Infineon Technologies AG ORD NPV (REGD)           | CUSIP: 000000000<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |      6275 | NS      | $284672.50    | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| D'Ieteren Group                         | D'Ieteren Group NPV                               | CUSIP: 000000000<br>LEI: 549300DV5KJ23OKVTW34 | Long             | EC               | CORP              | BE        |      5225 | NS      | $967424.40    | 1.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Chubb Ltd. Switzerland                  | Chubb Ltd. Switzerland ORD CHF24.15               | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |      2290 | NS      | $746379.70    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                            | NVIDIA Corp. COM                                  | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     16125 | NS      | $2812200.00   | 4.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                               | Linde PLC COM EUR0.001                            | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |      1445 | NS      | $716373.20    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| London Stock Exchange Group PLC         | London Stock Exchange Group PLC ORD GBP0.06918604 | CUSIP: 000000000<br>LEI: 213800QAUUUP6I445N30 | Long             | EC               | CORP              | GB        |      6715 | NS      | $792959.34    | 1.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Microsoft Corp.                         | Microsoft Corp. COM                               | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      9375 | NS      | $3470343.75   | 5.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc.            | Honeywell International Inc. COM                  | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      4330 | NS      | $978709.90    | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                         | AstraZeneca PLC ORD USD0.25                       | CUSIP: 000000000<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |      6500 | NS      | $1281930.00   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                     | Cheniere Energy Inc COM NEW                       | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      2830 | NS      | $803040.80    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                         | Eli Lilly & Co. COM                               | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |       800 | NS      | $735816.00    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                  | Trane Technologies PLC COM USD1                   | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |      2125 | NS      | $885572.50    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                     | Abbott Laboratories COM                           | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      7230 | NS      | $742304.10    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc.                         | Home Depot Inc. COM                               | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      2490 | NS      | $818936.10    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                              | Apple Inc. COM                                    | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     16875 | NS      | $4282706.25   | 7.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Relx PLC                                | Relx PLC ORD GBP0.1444                            | CUSIP: 000000000<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |     14120 | NS      | $470244.93    | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Otis Worldwide Corp.                    | Otis Worldwide Corp. COM                          | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |      3785 | NS      | $291747.80    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| MAN GROUP PLC                           | Man Group PLC (New) ORD USD0.0342857142           | CUSIP: 000000000<br>LEI: 2549003YWC1DW6LALB09 | Long             | EC               | CORP              | JE        |    216290 | NS      | $728143.97    | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| ATLASSIAN CORP                          | Atlassian Corporation CL A                        | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |      3445 | NS      | $235121.25    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc.                   | WEC Energy Group Inc. COM                         | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |      3010 | NS      | $348467.70    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                    | JPMorgan Chase & Co. COM                          | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      7180 | NS      | $2112068.80   | 3.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Partners Group Holding AG               | Partners Group Holding AG CHF0.01 (REGD)          | CUSIP: 000000000<br>LEI: 549300I3IVVWZWDHI788 | Long             | EC               | CORP              | CH        |       705 | NS      | $759877.83    | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America Corp.                   | Bank of America Corp. COM                         | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |      5900 | NS      | $287625.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corporation                       | FedEx Corporation COM                             | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |      1900 | NS      | $676742.00    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Allianz SE                              | Allianz SE UNSPONSRD ADS                          | CUSIP: 018820100<br>LEI: 529900K9B0N5BT694847 | Long             | EC               | CORP              | DE        |     23840 | NS      | $1002233.60   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Companies Inc. (The)           | Williams Companies Inc. (The) COM                 | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     12000 | NS      | $873360.00    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Munich Reinsurance AG                   | Munich Reinsurance AG NPV(REGD)                   | CUSIP: 000000000<br>LEI: 529900MUF4C20K50JS49 | Long             | EC               | CORP              | DE        |      1470 | NS      | $928365.71    | 1.56%             |  |  |  | No            |                  2 | On Loan: No      |
| The Sherwin-Williams Company            | The Sherwin-Williams Company COM                  | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |      1835 | NS      | $588209.25    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| NESTLE' CAPITAL MARKETS SA              | Nestle SA CHF0.10 (REGD)                          | CUSIP: 000000000<br>LEI: 549300PZN3NFSOUXLC42 | Long             | EC               | CORP              | CH        |      4885 | NS      | $479174.79    | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Salesforce Inc.                         | Salesforce Inc. COM                               | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |       705 | NS      | $131602.35    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corporation             | Lockheed Martin Corporation COM                   | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      1525 | NS      | $921694.75    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Singapore Technologies Engineering Ltd. | Singapore Technologies Engineering Ltd. NPV       | CUSIP: 000000000<br>LEI: 254900OEXGGWCR24DG90 | Long             | EC               | CORP              | SG        |    155000 | NS      | $1315521.42   | 2.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Macquarie Group Ltd.                    | Macquarie Group Ltd. NPV                          | CUSIP: 000000000<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | EC               | CORP              | AU        |      3810 | NS      | $541236.54    | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Broadcom Inc                            | Broadcom Inc COM                                  | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     17285 | NS      | $5349880.35   | 9.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                               | Shell PLC SPON ADS                                | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |     16175 | NS      | $1504275.00   | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc.                             | AbbVie Inc. COM                                   | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |       750 | NS      | $163117.50    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corporation                     | Stryker Corporation COM                           | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |      1050 | NS      | $345019.50    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp.                        | McDonald's Corp. COM                              | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      2100 | NS      | $652659.00    | 1.10%             |  |  |  | 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        |   1302558 | NS      | $1302558.44   | 2.19%             |  |  |  | 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