# EDGAR Filing Document

**Accession Number:** 0000877880
**File Stem:** 0001752724-25-203008
**Filing Date:** 2025-8
**Character Count:** 37561
**Document Hash:** 7fa0a711603155bbe9d0582fd9d45f8c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-203008.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0001752724-25-203008

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250825

**DATE AS OF CHANGE**: 20250825

**PERIOD START**: 20250630

**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:** 251251736

**BUSINESS ADDRESS:**
- **STREET 1:** 3300 IDS CTR, 80 SOUTH 8TH ST
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402-4130
- **BUSINESS PHONE:** 612-332-3223

**MAIL ADDRESS:**
- **STREET 1:** 3300 IDS CTR, 80 SOUTH 8TH ST
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402-4130

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SIT NEW BEGINNING MUTUAL FUNDS INC
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Minneapolis

  - **State:** MN

  - **Foreign country:** US

  - **Zip / Postal Code:** 55402

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

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

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

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

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

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

- **a. Date of fiscal year-end:** 2025-06-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $38154959.54

**Total Liabilities:** $29926.38

**Net Assets:** $38125033.16

**Cash Not Reported:** $7160.16

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000153296 | -1.48%               | 5.40%                | 5.43%                |
| Class ID C000153295 | -1.41%               | 5.40%                | 5.49%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-510766.09                                |
| Month 2  | $-332918.67              | $2140539.18                                |
| Month 3  | $137369.27               | $1777359.31                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Boot Barn Holdings Inc                                         | Boot Barn Holdings Inc                    | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |      1810 | NS      | $275120.00    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp                                                | Bio-Techne Corp                           | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |      4100 | NS      | $210945.00    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane NXT Co                                                   | Crane NXT Co                              | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |      3275 | NS      | $176522.50    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| AZEK Co Inc/The                                                | AZEK Co Inc/The                           | CUSIP: 05478C105<br>LEI: 5493002LDDDU1RX46815 | Long             | EC               | CORP              | US        |      5700 | NS      | $309795.00    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Co                                                       | Crane Co                                  | CUSIP: 224408104<br>LEI: 5493000CQRQOTHUODL75 | Long             | EC               | CORP              | US        |      3275 | NS      | $621889.75    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc                                   | Monolithic Power Systems Inc              | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |      1050 | NS      | $767949.00    | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Provident Financial Services I                                 | Provident Financial Services Inc          | CUSIP: 74386T105<br>LEI: 529900JOSO3SXEDVE477 | Long             | EC               | CORP              | US        |     19975 | NS      | $350161.75    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Globant SA                                                     | Globant SA                                | CUSIP: 000000000<br>LEI: 2221008DCMSPYS42DS88 | Long             | EC               | CORP              | LU        |      2625 | NS      | $238455.00    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| CubeSmart                                                      | CubeSmart                                 | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5250 | NS      | $223125.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| National Presto Industries Inc                                 | National Presto Industries Inc            | CUSIP: 637215104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       750 | NS      | $73470.00     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc                                            | Eagle Materials Inc                       | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |      2075 | NS      | $419378.25    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Silgan Holdings Inc                                            | Silgan Holdings Inc                       | CUSIP: 827048109<br>LEI: KAF673KJXD92C8KSLU49 | Long             | EC               | CORP              | US        |     11400 | NS      | $617652.00    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc                                  | Lincoln Electric Holdings Inc             | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |      1075 | NS      | $222869.00    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Co                                           | Commercial Metals Co                      | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |      3950 | NS      | $193194.50    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Inc                                                        | MKS Inc                                   | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |      3975 | NS      | $394956.00    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanover Insurance Group Inc/Th                                 | Hanover Insurance Group Inc/The           | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |      2475 | NS      | $420428.25    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Supernus Pharmaceuticals Inc                                   | Supernus Pharmaceuticals Inc              | CUSIP: 868459108<br>LEI: 549300GRM36VBKISYJ58 | Long             | EC               | CORP              | US        |     11525 | NS      | $363268.00    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Kodiak Gas Services Inc                                        | Kodiak Gas Services Inc                   | CUSIP: 50012A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18400 | NS      | $630568.00    | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Cos Inc                                               | Carlisle Cos Inc                          | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |       775 | NS      | $289385.00    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Zurn Elkay Water Solutions Cor                                 | Zurn Elkay Water Solutions Corp           | CUSIP: 98983L108<br>LEI: 549300AM3633XDFU1Q85 | Long             | EC               | CORP              | US        |      4700 | NS      | $171879.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Banking System Inc                                    | Columbia Banking System Inc               | CUSIP: 197236102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17875 | NS      | $417917.50    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Hercules Capital Inc                                           | Hercules Capital Inc                      | CUSIP: 427096508<br>LEI: 549300UJ5OC256GR2B73 | Long             | EC               | CORP              | US        |      7725 | NS      | $141213.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Enpro Inc                                                      | Enpro Inc                                 | CUSIP: 29355X107<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | EC               | CORP              | US        |      2150 | NS      | $411832.50    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ Inc                                                        | AZZ Inc                                   | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |      3650 | NS      | $344852.00    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Cabot Corp                                                     | Cabot Corp                                | CUSIP: 127055101<br>LEI: K05C0SER542GQ6VLRO68 | Long             | EC               | CORP              | US        |      2450 | NS      | $183750.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Bank                                                   | Cadence Bank                              | CUSIP: 12740C103<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EC               | CORP              | US        |     17025 | NS      | $544459.50    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp                                              | Chord Energy Corp                         | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |      5500 | NS      | $532675.00    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Group Inc/The                                          | Carlyle Group Inc/The                     | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |      8075 | NS      | $415055.00    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Integrations Inc                                         | Power Integrations Inc                    | CUSIP: 739276103<br>LEI: 54930085LGXSCIHD5W31 | Long             | EC               | CORP              | US        |      7050 | NS      | $394095.00    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corp                                          | Tenet Healthcare Corp                     | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |      2875 | NS      | $506000.00    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| nCino Inc                                                      | nCino Inc                                 | CUSIP: 63947X101<br>LEI: 549300WVRR2WR3L6MZ46 | Long             | EC               | CORP              | US        |      6035 | NS      | $168798.95    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| CareTrust REIT Inc                                             | CareTrust REIT Inc                        | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               | CORP              | US        |     16900 | NS      | $517140.00    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Olin Corp                                                      | Olin Corp                                 | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |     11500 | NS      | $231035.00    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Horace Mann Educators Corp                                     | Horace Mann Educators Corp                | CUSIP: 440327104<br>LEI: 254900G5YAV3A2YK8T32 | Long             | EC               | CORP              | US        |     12900 | NS      | $554313.00    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corp                                          | Encompass Health Corp                     | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |      4275 | NS      | $524243.25    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Ingalls Industries                                  | Huntington Ingalls Industries Inc         | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |      1625 | NS      | $392372.50    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Avient Corp                                                    | Avient Corp                               | CUSIP: 05368V106<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | EC               | CORP              | US        |      8900 | NS      | $287559.00    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| iRadimed Corp                                                  | iRadimed Corp                             | CUSIP: 46266A109<br>LEI: 549300YVHWP0YJ1YW816 | Long             | EC               | CORP              | US        |      3450 | NS      | $206275.50    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Brink's Co/The                                                 | Brink's Co/The                            | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |      1825 | NS      | $162954.25    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| MP Materials Corp                                              | MP Materials Corp                         | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Long             | EC               | CORP              | US        |      6600 | NS      | $219582.00    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                                                  | Coherent Corp                             | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |      4475 | NS      | $399214.75    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc                                               | DT Midstream Inc                          | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5600 | NS      | $615496.00    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Belden Inc                                                     | Belden Inc                                | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |      3175 | NS      | $367665.00    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corp                                                 | Flowserve Corp                            | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |     12475 | NS      | $653066.25    | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO Financial Group Inc                                        | CNO Financial Group Inc                   | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               | CORP              | US        |     14000 | NS      | $540120.00    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexstar Media Group Inc                                        | Nexstar Media Group Inc                   | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |      1800 | NS      | $311310.00    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Healthcare Co Inc                                       | Acadia Healthcare Co Inc                  | CUSIP: 00404A109<br>LEI: 5493005CW985Y9D0NC11 | Long             | EC               | CORP              | US        |      3675 | NS      | $83385.75     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Old National Bancorp/IN                                        | Old National Bancorp/IN                   | CUSIP: 680033107<br>LEI: 549300MMK90CL5KMVX16 | Long             | EC               | CORP              | US        |     29350 | NS      | $626329.00    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensient Technologies Corp                                     | Sensient Technologies Corp                | CUSIP: 81725T100<br>LEI: CMMZHMFZQG86EI7WZU92 | Long             | EC               | CORP              | US        |      3650 | NS      | $359598.00    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Glaukos Corp                                                   | Glaukos Corp                              | CUSIP: 377322102<br>LEI: 5299004JA1LHE21M6T14 | Long             | EC               | CORP              | US        |      3025 | NS      | $312452.25    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Lease Corp                                                 | Air Lease Corp                            | CUSIP: 00912X302<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EC               | CORP              | US        |      8175 | NS      | $478155.75    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Capital Holdings Ltd                                      | Axis Capital Holdings Ltd                 | CUSIP: 000000000<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EC               | CORP              | BM        |      5625 | NS      | $583987.50    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| FIDELITY INVESTMENTS MONEY MARKET FUNDS - GOVERNMENT PORTFOLIO | FIDELITY GOVERNMENT PORT-I                | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |   2737879 | NS      | $2737878.98   | 7.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Oil & Gas Inc                                         | Northern Oil & Gas Inc                    | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | EC               | CORP              | US        |     14275 | NS      | $404696.25    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| HA Sustainable Infrastructure                                  | HA Sustainable Infrastructure Capital Inc | CUSIP: 41068X100<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | EC               | CORP              | US        |      4825 | NS      | $129599.50    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| CSW Industrials Inc                                            | CSW Industrials Inc                       | CUSIP: 126402106<br>LEI: 549300SYOEO3RVQ7FB83 | Long             | EC               | CORP              | US        |      1200 | NS      | $344196.00    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| YETI Holdings Inc                                              | YETI Holdings Inc                         | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |      4075 | NS      | $128444.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Henderson Group PLC                                      | Janus Henderson Group PLC                 | CUSIP: 000000000<br>LEI: 2138009WPYMWJN3RVF44 | Long             | EC               | CORP              | GB        |      6100 | NS      | $236924.00    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Alliance Bancorp                                       | Western Alliance Bancorp                  | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |      3625 | NS      | $282677.50    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Stepan Co                                                      | Stepan Co                                 | CUSIP: 858586100<br>LEI: IZU1EW9GB3WC7CYCSR17 | Long             | EC               | CORP              | US        |      3325 | NS      | $181478.50    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Colliers International Group I                                 | Colliers International Group Inc          | CUSIP: 194693107<br>LEI: D3O8K13PHLEXXD1DT480 | Long             | EC               | CORP              | CA        |      3600 | NS      | $469944.00    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Synovus Financial Corp                                         | Synovus Financial Corp                    | CUSIP: 87161C501<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EC               | CORP              | US        |      9775 | NS      | $505856.25    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Crocs Inc                                                      | Crocs Inc                                 | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Long             | EC               | CORP              | US        |      1700 | NS      | $172176.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| KBR Inc                                                        | KBR Inc                                   | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |     10775 | NS      | $516553.50    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corp                                             | Regal Rexnord Corp                        | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |      2350 | NS      | $340656.00    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| AeroVironment Inc                                              | AeroVironment Inc                         | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |      2775 | NS      | $790736.25    | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Argan Inc                                                      | Argan Inc                                 | CUSIP: 04010E109<br>LEI: 529900E4KZWBV9KGBS83 | Long             | EC               | CORP              | US        |      4300 | NS      | $948064.00    | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Communities Inc                                        | Century Communities Inc                   | CUSIP: 156504300<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | EC               | CORP              | US        |      2175 | NS      | $122496.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Knight-Swift Transportation Ho                                 | Knight-Swift Transportation Holdings Inc  | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3700 | NS      | $163651.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Artisan Partners Asset Managem                                 | Artisan Partners Asset Management Inc     | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |      5350 | NS      | $237165.50    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Tr                                 | Essential Properties Realty Trust Inc     | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               | CORP              | US        |     10050 | NS      | $320695.50    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Booz Allen Hamilton Holding Co                                 | Booz Allen Hamilton Holding Corp          | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |      2700 | NS      | $281151.00    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                                                   | Evercore Inc                              | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |      2315 | NS      | $625096.30    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Piper Sandler Cos                                              | Piper Sandler Cos                         | CUSIP: 724078100<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |      1450 | NS      | $403013.00    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntsman Corp                                                  | Huntsman Corp                             | CUSIP: 447011107<br>LEI: 5299000V56320A7RIQ67 | Long             | EC               | CORP              | US        |      4650 | NS      | $48453.00     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores Inc                                     | Casey's General Stores Inc                | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |      1025 | NS      | $523026.75    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group Inc                                                | EMCOR Group Inc                           | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |      1850 | NS      | $989546.50    | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corp                                          | Stifel Financial Corp                     | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |      5300 | NS      | $550034.00    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Entegris Inc                                                   | Entegris Inc                              | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |      1875 | NS      | $151218.75    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Iridium Communications Inc                                     | Iridium Communications Inc                | CUSIP: 46269C102<br>LEI: 549300U620NVQ4J1CT96 | Long             | EC               | CORP              | US        |      7050 | NS      | $212698.50    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co Inc                                               | Donaldson Co Inc                          | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |      4700 | NS      | $325945.00    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts Inc                                               | Vail Resorts Inc                          | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |      1100 | NS      | $172843.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Vericel Corp                                                   | Vericel Corp                              | CUSIP: 92346J108<br>LEI: 54930076YM3PLTDR4B91 | Long             | EC               | CORP              | US        |     10825 | NS      | $460603.75    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Inc                                                    | Hubbell Inc                               | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |       850 | NS      | $347148.50    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| STERIS PLC                                                     | STERIS PLC                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       975 | NS      | $234214.50    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Lantheus Holdings Inc                                          | Lantheus Holdings Inc                     | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Long             | EC               | CORP              | US        |      4250 | NS      | $347905.00    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc                                           | BWX Technologies Inc                      | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |      3150 | NS      | $453789.00    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| FTI Consulting Inc                                             | FTI Consulting Inc                        | CUSIP: 302941109<br>LEI: 549300K17GM8EQD0FQ48 | Long             | EC               | CORP              | US        |      1000 | NS      | $161500.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| TFI International Inc                                          | TFI International Inc                     | CUSIP: 87241L109<br>LEI: 5493007R9W7KO7SJN678 | Long             | EC               | CORP              | CA        |      3475 | NS      | $311603.25    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| AtriCure Inc                                                   | AtriCure Inc                              | CUSIP: 04963C209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17300 | NS      | $566921.00    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadstone Net Lease Inc                                       | Broadstone Net Lease Inc                  | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               | CORP              | US        |     18800 | NS      | $301740.00    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Golar LNG Ltd                                                  | Golar LNG Ltd                             | CUSIP: 000000000<br>LEI: 213800C2VSFZG3EZLO34 | Long             | EC               | CORP              | BM        |     10650 | NS      | $438673.50    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                                                 | TechnipFMC PLC                            | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |     19550 | NS      | $673302.00    | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Utilities Corp                                      | Chesapeake Utilities Corp                 | CUSIP: 165303108<br>LEI: 254900WW0FDCKAOCKE74 | Long             | EC               | CORP              | US        |      3075 | NS      | $369676.50    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Addus HomeCare Corp                                            | Addus HomeCare Corp                       | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |      5545 | NS      | $638728.55    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-25

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

**Signature:** Paul Rasmussen

**Name of Signer:** Paul Rasmussen

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