# EDGAR Filing Document

**Accession Number:** 0000877880
**File Stem:** 0000940400-26-020322
**Filing Date:** 2026-5
**Character Count:** 41488
**Document Hash:** ddbb3c46b04fe11bbd66e4fbfdde6498
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-020322.hdr.sgml**: 20260521

**ACCESSION NUMBER**: 0000940400-26-020322

**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:** 261007425

**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 Growth Fund (Series ID: S000003464)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000009598 | Sit Small Cap Growth Fund | SSMGX           |

## Nport-Ex

**SCHEDULE OF INVESTMENTS (Unaudited)** 

March 31, 2026

**Sit Small Cap Growth Fund** 

Investments are grouped by economic sectors.

---

| | | |
|:---|:---|:---|
| **Name of Issuer** | **Quantity** | **Fair Value ($)** |
|  **Common Stocks - 97.9%** |  |  |
|  **Commercial Services - 3.3%** |  |  |
|  ASGN, Inc. \* | 17500 | 677425 |
|  Booz Allen Hamilton Holding Corp. | 13150 | 1026095 |
|  Colliers International Group, Inc. | 11050 | 1181134 |
|  FTI Consulting, Inc. \* | 3075 | 543568 |
|  Outfront Media, Inc. | 26425 | 700262 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4128484 |
|  **Communications - 0.8%** |  |  |
|  Iridium Communications, Inc. | 35900 | 995866 |
|  **Consumer Durables - 1.9%** |  |  |
|  IMAX Corp. \* | 26125 | 993011 |
|  Take-Two Interactive Software, Inc. \* | 4075 | 804812 |
|  YETI Holdings, Inc. \* | 15850 | 579952 |
|  |  | 2377775 |
|  **Consumer Non-Durables - 0.5%** |  |  |
|  Sensient Technologies Corp. | 6775 | 585631 |
|  **Consumer Services - 1.5%** |  |  |
|  Covista, Inc. \* | 9475 | 1091994 |
|  Nexstar Media Group, Inc. | 4450 | 804693 |
|  |  | 1896687 |
|  **Electronic Technology - 17.8%** |  |  |
|  Arista Networks, Inc. \* | 44700 | 5488266 |
|  Ciena Corp. \* | 10300 | 3998769 |
|  Coherent Corp. \* | 17675 | 4210361 |
|  Entegris, Inc. | 5249 | 615393 |
|  MKS, Inc. | 13400 | 3079454 |
|  Monolithic Power Systems, Inc. | 4100 | 4482735 |
|  Synopsys, Inc. \* | 1002 | 397273 |
|  |  | 22272251 |
|  **Energy Minerals - 0.9%** |  |  |
|  Northern Oil & Gas, Inc. | 39300 | 1148739 |
|  **Finance - 6.3%** |  |  |
|  Air Lease Corp. | 9600 | 623424 |
|  Artisan Partners Asset Management, Inc. | 25750 | 937043 |
|  Axis Capital Holdings, Ltd. | 22125 | 2243696 |
|  Columbia Banking System, Inc. | 11625 | 318874 |
|  Hamilton Lane, Inc. | 7500 | 745500 |
|  Hanover Insurance Group, Inc. | 3200 | 554720 |
|  Old National Bancorp | 38250 | 845325 |
|  Stifel Financial Corp. | 17700 | 1308384 |
|  Western Alliance Bancorp | 3600 | 255060 |
|  |  | 7832026 |
|  **Health Services - 2.7%** |  |  |
|  Addus HomeCare Corp. \* | 15250 | 1428163 |
|  Encompass Health Corp. | 13525 | 1308273 |
|  Tenet Healthcare Corp. \* | 3575 | 674638 |
|  |  | 3411074 |
|  **Health Technology - 12.4%** |  |  |
|  Align Technology, Inc. \* | 2150 | 368574 |
|  Amneal Pharmaceuticals, Inc. \* | 46000 | 571780 |
|  Arcutis Biotherapeutics, Inc. \* | 23675 | 557783 |
|  ARS Pharmaceuticals, Inc. \* | 73100 | 586993 |

---

---

| | | |
|:---|:---|:---|
| **Name of Issuer** | **Quantity** | **Fair Value ($)** |
|  Ascendis Pharma A/S, ADR \* | 6300 | 1440999 |
|  AtriCure, Inc. \* | 60800 | 1734624 |
|  Bio-Techne Corp. | 14800 | 773448 |
|  Butterfly Network, Inc. \* | 172575 | 697203 |
|  Establishment Labs Holdings, Inc. \* | 17900 | 1016362 |
|  Glaukos Corp. \* | 14565 | 1568068 |
|  Insulet Corp. \* | 3525 | 739686 |
|  PROCEPT BioRobotics Corp. \* | 28700 | 717787 |
|  STERIS, PLC | 3475 | 768427 |
|  Supernus Pharmaceuticals, Inc. \* | 34200 | 1767798 |
|  TG Therapeutics, Inc. \* | 8150 | 270743 |
|  TransMedics Group, Inc. \* | 11025 | 1095995 |
|  Vericel Corp. \* | 25975 | 835616 |
|  |  | 15511886 |
|  **Industrial Services - 17.1%** |  |  |
|  Argan, Inc. | 9975 | 5432884 |
|  EMCOR Group, Inc. | 5850 | 4319114 |
|  Golar LNG, Ltd. | 41100 | 2223921 |
|  Kodiak Gas Services, Inc. | 49050 | 2860596 |
|  TechnipFMC, PLC | 61580 | 4257025 |
|  Waste Connections, Inc. | 14025 | 2278221 |
|  |  | 21371761 |
|  **Non-Energy Minerals - 3.8%** |  |  |
|  Eagle Materials, Inc. | 10300 | 1951335 |
|  James Hardie Industries, PLC \* | 25022 | 473917 |
|  MP Materials Corp. \* | 33350 | 1609471 |
|  Trex Co., Inc. \* | 20825 | 758446 |
|  |  | 4793169 |
|  **Process Industries - 1.6%** |  |  |
|  CSW Industrials, Inc. | 3650 | 951117 |
|  Olin Corp. | 19775 | 587911 |
|  UFP Technologies, Inc. \* | 2550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;493680 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2032708 |
|  **Producer Manufacturing - 15.3%** |  |  |
|  AAR Corp. \* | 6975 | 763484 |
|  AeroVironment, Inc. \* | 6650 | 1217283 |
|  AZZ, Inc. | 18450 | 2308648 |
|  Belden, Inc. | 13600 | 1561688 |
|  Carlisle Cos., Inc. | 2200 | 733964 |
|  Crane Co. | 13700 | 2342700 |
|  Crane NXT Co. | 19075 | 774254 |
|  Donaldson Co., Inc. | 17275 | 1466129 |
|  Flowserve Corp. | 27475 | 2019687 |
|  Hubbell, Inc. | 4375 | 2146988 |
|  Lincoln Electric Holdings, Inc. | 5400 | 1345032 |
|  Regal Rexnord Corp. | 8340 | 1561748 |
|  Zurn Water Solutions Corp. | 19325 | 866533 |
|  |  | 19108138 |
|  **Retail Trade - 4.6%** |  |  |
|  Boot Barn Holdings, Inc. \* | 6775 | 991589 |
|  Casey's General Stores, Inc. | 4300 | 3129798 |
|  Ulta Beauty, Inc. \* | 3050 | 1594266 |
|  |  | 5715653 |
|  **Technology Services - 4.0%** |  |  |
|  Euronet Worldwide, Inc. \* | 5050 | 335169 |
|  Globant SA \* | 11350 | 523349 |

---

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

------

**SCHEDULE OF INVESTMENTS (Unaudited)** 

March 31, 2026

**Sit Small Cap Growth Fund (Continued)** 

---

| | | |
|:---|:---|:---|
| **Name of Issuer** | **Quantity** | **Fair Value ($)** |
|  HubSpot, Inc. \* | 3175 | 775017 |
|  nCino, Inc. \* | 35375 | 529917 |
|  PTC, Inc. \* | 14500 | 2066105 |
|  Sportradar Group AG \* | 47575 | 796405 |
|  |  | 5025962 |
|  **Transportation - 2.4%** |  |  |
|  Alaska Air Group, Inc. \* | 17675 | 650087 |
|  Knight-Swift Transportation Holdings, Inc. | 18725 | 1078185 |
|  TFI International, Inc. | 11225 | 1219372 |
|  |  | 2947644 |
|  **Utilities - 1.0%** |  |  |
|  Chesapeake Utilities Corp. | 4925 | 622372 |
|  IDACORP, Inc. | 4850 | 693405 |
|  |  | 1315777 |
|  **Total Common Stocks<br>(cost: $63,778,643)** |  | 122471231 |
|  **Short-Term Securities - 2.2%** |  |  |
|  Fidelity Inv. Money Mkt. Gvt. Fund, 3.53%<br>**(cost $2,793,783)** | 2793783 | 2793783 |
|  **Total Investments in Securities - 100.1%<br>(cost $66,572,426)** |  | 125265014 |
|  **Other Assets and Liabilities, net - (0.1)%** |  | (77304) |
|  **Net Assets - 100.0%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$125187710 |

---

\* 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\*\* | 122471231 |  |  | 122471231 |
|  Short-Term Securities | 2793783 |  |  | 2793783 |
|  Total: | 125265014 |  |  | 125265014 |

---

\*\* 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 Small Cap Growth Fund

- **b. EDGAR series identifier (if any):** S000003464

- **c. LEI of Series:** 254900ENW89B8U6ZTI79

**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:** $125379415.30

**Total Liabilities:** $197154.71

**Net Assets:** $125182260.59

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000009598 | 5.75%                | 5.78%                | -6.23%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1687583.34              | $5366010.83                                |
| Month 2  | $3187942.94              | $4153871.24                                |
| Month 3  | $969325.99               | $-9185570.29                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Insulet Corporation                      | Insulet Corporation COM                         | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |      3525 | NS      | $739686.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Ncino Inc.                               | Ncino Inc. COM                                  | CUSIP: 63947X101<br>LEI: 549300WVRR2WR3L6MZ46 | Long             | EC               | CORP              | US        |     35375 | NS      | $529917.50    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corporation             | Stifel Financial Corporation COM                | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |     17700 | NS      | $1308384.00   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Glaukos Corp.                            | Glaukos Corp. COM                               | CUSIP: 377322102<br>LEI: 5299004JA1LHE21M6T14 | Long             | EC               | CORP              | US        |     14565 | NS      | $1568067.90   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Steris PLC                               | Steris PLC ORD USD0.001                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |      3475 | NS      | $768426.75    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| AAR Corp.                                | AAR Corp. COM                                   | CUSIP: 000361105<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | EC               | CORP              | US        |      6975 | NS      | $763483.50    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co Inc                         | Donaldson Co Inc COM                            | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |     17275 | NS      | $1466129.25   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software Inc.       | Take-Two Interactive Software Inc. COM          | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |      4075 | NS      | $804812.50    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty Inc                          | Ulta Beauty Inc COM                             | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |      3050 | NS      | $1594265.50   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Butterfly Network Inc                    | Butterfly Network Inc COM CL A                  | CUSIP: 124155102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    172575 | NS      | $697203.00    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Alaska Air Group Inc.                    | Alaska Air Group Inc. COM                       | CUSIP: 011659109<br>LEI: 529900G48RT4KWLC6C27 | Long             | EC               | CORP              | US        |     17675 | NS      | $650086.50    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Amneal Pharmaceuticals Inc               | Amneal Pharmaceuticals Inc COM STK CL A         | CUSIP: 03168L105<br>LEI: 549300VV176ZO5WQHZ61 | Long             | EC               | CORP              | US        |     46000 | NS      | $571780.00    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| TransMedics Group Inc.                   | TransMedics Group Inc. COM                      | CUSIP: 89377M109<br>LEI: 549300060GVOSMWARH50 | Long             | EC               | CORP              | US        |     11025 | NS      | $1095995.25   | 0.88%             |  |  |  | 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        |     22125 | NS      | $2243696.25   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Emcor Group Inc                          | Emcor Group Inc COM                             | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |      5850 | NS      | $4319113.50   | 3.45%             |  |  |  | No            |                  1 | On Loan: No      |
| TFI International Inc                    | TFI International Inc COM                       | CUSIP: 87241L109<br>LEI: 5493007R9W7KO7SJN678 | Long             | EC               | CORP              | CA        |     11225 | NS      | $1219371.75   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| ARS Pharmaceuticals Inc                  | ARS Pharmaceuticals Inc COM                     | CUSIP: 82835W108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     73100 | NS      | $586993.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Alliance Bancorp                 | Western Alliance Bancorp COM                    | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |      3600 | NS      | $255060.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Inc.                                 | MKS Inc. COM                                    | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |     13400 | NS      | $3079454.00   | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Boot Barn Holdings Inc                   | Boot Barn Holdings Inc COM                      | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |      6775 | NS      | $991589.00    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hanover Insurance Group, Inc.        | The Hanover Insurance Group, Inc. COM           | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |      3200 | NS      | $554720.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| MP Materials Corp                        | MP Materials Corp COM CL A                      | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Long             | EC               | CORP              | US        |     33350 | NS      | $1609471.00   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                            | Coherent Corp COM                               | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |     17675 | NS      | $4210361.75   | 3.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubspot Inc                              | Hubspot Inc COM                                 | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |      3175 | NS      | $775017.50    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Align Technology Inc.                    | Align Technology Inc. COM                       | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |      2150 | NS      | $368574.50    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey'S General Stores Inc.              | Casey'S General Stores Inc. COM                 | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |      4300 | NS      | $3129798.00   | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Lease Corporation                    | Air Lease Corporation CL A                      | CUSIP: 00912X302<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EC               | CORP              | US        |      9600 | NS      | $623424.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Co.                                | Crane Co. COMMON STOCK                          | CUSIP: 224408104<br>LEI: 5493000CQRQOTHUODL75 | Long             | EC               | CORP              | US        |     13700 | NS      | $2342700.00   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Vericel Corporation                      | Vericel Corporation COM                         | CUSIP: 92346J108<br>LEI: 54930076YM3PLTDR4B91 | Long             | EC               | CORP              | US        |     25975 | NS      | $835615.75    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| IMAX Corporation                         | IMAX Corporation COM                            | CUSIP: 45245E109<br>LEI: 894500GS1ESLAPZCEI74 | Long             | EC               | CORP              | CA        |     26125 | NS      | $993011.25    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexstar Media Group Inc                  | Nexstar Media Group Inc COMMON STOCK            | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |      4450 | NS      | $804693.50    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Atricure Inc                             | Atricure Inc COM                                | CUSIP: 04963C209<br>LEI: 254900B2I6GPHK2EXM59 | Long             | EC               | CORP              | US        |     60800 | NS      | $1734624.00   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Entegris Inc                             | Entegris Inc COM                                | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |      5249 | NS      | $615392.76    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| KODIAK GAS SERVICES INC                  | Kodiak Gas Services Inc. COM                    | CUSIP: 50012A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     49050 | NS      | $2860596.00   | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp                          | Bio-Techne Corp COM                             | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |     14800 | NS      | $773448.00    | 0.62%             |  |  |  | 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        |   2819109 | NS      | $2819109.43   | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Old National Bancorp                     | Old National Bancorp COM                        | CUSIP: 680033107<br>LEI: 549300MMK90CL5KMVX16 | Long             | EC               | CORP              | US        |     38250 | NS      | $845325.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| CSW Industrials Inc.                     | CSW Industrials Inc. COM                        | CUSIP: 126402106<br>LEI: 549300SYOEO3RVQ7FB83 | Long             | EC               | CORP              | US        |      3650 | NS      | $951117.00    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| AeroVironment, Inc.                      | AeroVironment, Inc. COM                         | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |      6650 | NS      | $1217282.50   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                           | TechnipFMC PLC USD1                             | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |     61580 | NS      | $4257025.40   | 3.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Golar LNG Limited                        | Golar LNG Limited COM STK USD1.00               | CUSIP: 000000000<br>LEI: 213800C2VSFZG3EZLO34 | Long             | EC               | CORP              | BM        |     41100 | NS      | $2223921.00   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronet Worldwide, Inc.                  | Euronet Worldwide, Inc. COM                     | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |      5050 | NS      | $335168.50    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Addus Homecare Corp                      | Addus Homecare Corp COM                         | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |     15250 | NS      | $1428162.50   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Booz Allen Hamilton Holding Corp.        | Booz Allen Hamilton Holding Corp. CL A          | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |     13150 | NS      | $1026094.50   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane NXT Co                             | Crane NXT Co COM                                | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |     19075 | NS      | $774254.25    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc.            | Monolithic Power Systems Inc. COM               | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |      4100 | NS      | $4482735.00   | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Asgn Incorporated                        | Asgn Incorporated COM                           | CUSIP: 00191U102<br>LEI: LZBNYYCBUKY537072438 | Long             | EC               | CORP              | US        |     17500 | NS      | $677425.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Iridium Communications, Inc.             | Iridium Communications, Inc. COM                | CUSIP: 46269C102<br>LEI: 549300U620NVQ4J1CT96 | Long             | EC               | CORP              | US        |     35900 | NS      | $995866.00    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| ESTABLISHMENT LABS HOLDINGS INC          | Establishment Labs Hldgs Inc COM NPV            | CUSIP: 000000000<br>LEI: 549300BCBQ714JNJ7V58 | Long             | EC               | CORP              | VG        |     17900 | NS      | $1016362.00   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Globant S.A                              | Globant S.A USD1.20                             | CUSIP: 000000000<br>LEI: 2221008DCMSPYS42DS88 | Long             | EC               | CORP              | LU        |     11350 | NS      | $523348.50    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| OUTFRONT Media Inc                       | OUTFRONT Media Inc COM NEW                      | CUSIP: 69007J304<br>LEI: 549300RZWDYU5722I639 | Long             | EC               | CORP              | US        |     26425 | NS      | $700262.50    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Argan Inc                                | Argan Inc COM                                   | CUSIP: 04010E109<br>LEI: 529900E4KZWBV9KGBS83 | Long             | EC               | CORP              | US        |      9975 | NS      | $5432883.75   | 4.34%             |  |  |  | No            |                  1 | On Loan: No      |
| TG Therapeutics Inc                      | TG Therapeutics Inc COM                         | CUSIP: 88322Q108<br>LEI: 529900X21UKABN9NJ529 | Long             | EC               | CORP              | US        |      8150 | NS      | $270743.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| FTI Consulting, Inc.                     | FTI Consulting, Inc. COM                        | CUSIP: 302941109<br>LEI: 549300K17GM8EQD0FQ48 | Long             | EC               | CORP              | US        |      3075 | NS      | $543567.75    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Olin Corporation                         | Olin Corporation COM PAR $1                     | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |     19775 | NS      | $587910.75    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Incorporated                     | Hubbell Incorporated COM                        | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |      4375 | NS      | $2146987.50   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Supernus Pharmaceuticals, Inc            | Supernus Pharmaceuticals, Inc COM               | CUSIP: 868459108<br>LEI: 549300GRM36VBKISYJ58 | Long             | EC               | CORP              | US        |     34200 | NS      | $1767798.00   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Oil And Gas, Inc.               | Northern Oil And Gas, Inc. COM                  | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | EC               | CORP              | US        |     39300 | NS      | $1148739.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Utilities Corporation         | Chesapeake Utilities Corporation COM            | CUSIP: 165303108<br>LEI: 254900WW0FDCKAOCKE74 | Long             | EC               | CORP              | US        |      4925 | NS      | $622372.25    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corporation             | Tenet Healthcare Corporation COM NEW            | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |      3575 | NS      | $674638.25    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensient Technologies Corp               | Sensient Technologies Corp COM                  | CUSIP: 81725T100<br>LEI: CMMZHMFZQG86EI7WZU92 | Long             | EC               | CORP              | US        |      6775 | NS      | $585631.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Colliers International Group Inc         | Colliers International Group Inc SUB VTG SHS    | CUSIP: 194693107<br>LEI: D3O8K13PHLEXXD1DT480 | Long             | EC               | CORP              | CA        |     11050 | NS      | $1181134.50   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Banking System Inc.             | Columbia Banking System Inc. COM                | CUSIP: 197236102<br>LEI: 254900CTRJTQZ3BJ2V17 | Long             | EC               | CORP              | US        |     11625 | NS      | $318873.75    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCEPT BIOROBOTICS CORP                 | Procept Biorobotics Corp. COM                   | CUSIP: 74276L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28700 | NS      | $717787.00    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| TREX COMPANY INC                         | Trex Company, Inc. COM                          | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20825 | NS      | $758446.50    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corporation             | Encompass Health Corporation COM                | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |     13525 | NS      | $1308273.25   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc.                     | Eagle Materials Inc. COM                        | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |     10300 | NS      | $1951335.00   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| James Hardie Industries PLC              | James Hardie Industries PLC COM EUR0.59         | CUSIP: 000000000<br>LEI: 635400NSGXKTVOO7JU45 | Long             | EC               | CORP              | IE        |     25022 | NS      | $473916.68    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Zurn Elkay Water Solutions Corporation   | Zurn Elkay Water Solutions Corporation COM      | CUSIP: 98983L108<br>LEI: 549300AM3633XDFU1Q85 | Long             | EC               | CORP              | US        |     19325 | NS      | $866533.00    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Yeti Holdings Inc                        | Yeti Holdings Inc COM                           | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |     15850 | NS      | $579951.50    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ Inc                                  | AZZ Inc COM                                     | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |     18450 | NS      | $2308648.50   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Technologies Inc.                    | UFP Technologies Inc. COM                       | CUSIP: 902673102<br>LEI: 549300RJ8LY41HS70C91 | Long             | EC               | CORP              | US        |      2550 | NS      | $493680.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Idacorp Inc                              | Idacorp Inc COM                                 | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |      4850 | NS      | $693404.50    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Lane Inc                        | Hamilton Lane Inc CL A                          | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Long             | EC               | CORP              | US        |      7500 | NS      | $745500.00    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Companies Inc.                  | Carlisle Companies Inc. COM                     | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |      2200 | NS      | $733964.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                             | Synopsys Inc COM                                | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |      1002 | NS      | $397272.96    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                      | Arista Networks Inc COM SHS                     | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     44700 | NS      | $5488266.00   | 4.38%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCUTIS BIOTHERAPEUTICS INC              | Arcutis Biotherapeutics Inc. COM                | CUSIP: 03969K108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23675 | NS      | $557783.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corporation                | Regal Rexnord Corporation COM                   | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |      8340 | NS      | $1561748.40   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Covista Inc.                             | Covista Inc. COM                                | CUSIP: 00737L103<br>LEI: 549300Z467EZLMODV621 | Long             | EC               | CORP              | US        |      9475 | NS      | $1091993.75   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Ascendis Pharma A/S                      | Ascendis Pharma A/S SPONSORED ADR               | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             | EC               | CORP              | DK        |      6300 | NS      | $1440999.00   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC | Knight-Swift Transportation Holdings Inc. CL A  | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18725 | NS      | $1078185.50   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| WASTE CONNECTIONS INC                    | Waste Connections Inc. COM                      | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |     14025 | NS      | $2278221.00   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corporation                        | Ciena Corporation COM NEW                       | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |     10300 | NS      | $3998769.00   | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Sportradar Group AG                      | Sportradar Group AG CLASS A ORD SHS             | CUSIP: 000000000<br>LEI: 549300H1P33YOAT7Z533 | Long             | EC               | CORP              | CH        |     47575 | NS      | $796405.50    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Artisan Partners Asset Management Inc.   | Artisan Partners Asset Management Inc. CL A     | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |     25750 | NS      | $937042.50    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Belden Inc.                              | Belden Inc. COM                                 | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |     13600 | NS      | $1561688.00   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC Inc                                  | PTC Inc COM                                     | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |     14500 | NS      | $2066105.00   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc.           | Lincoln Electric Holdings Inc. COM              | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |      5400 | NS      | $1345032.00   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corporation                    | Flowserve Corporation COM                       | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |     27475 | NS      | $2019687.25   | 1.61%             |  |  |  | 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