# EDGAR Filing Document

**Accession Number:** 0000877880
**File Stem:** 0000940400-26-020301
**Filing Date:** 2026-5
**Character Count:** 28152
**Document Hash:** a1179a4c86d665fd3591f0ea8e4a243a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-020301.hdr.sgml**: 20260521

**ACCESSION NUMBER**: 0000940400-26-020301

**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:** 261007396

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

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

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

## Series and Classes Contracts Data

### Sit ESG Growth Fund (Series ID: S000054182)

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

## Nport-Ex

**SCHEDULE OF INVESTMENTS (Unaudited)** 

March 31, 2026

**Sit ESG Growth Fund** 

Investments are grouped by geographic region.

---

| | | |
|:---|:---|:---|
| **Name of Issuer** | **Quantity** | **Fair Value ($)** |
|  **Common Stocks - 95.6%** |  |  |
|  **Asia - 7.9%** |  |  |
|  **Japan - 4.7%** |  |  |
|  Keyence Corp. | 200 | 71181 |
|  Recruit Holdings Co., Ltd. | 3100 | 135067 |
|  Sony Group Corp., ADR | 10875 | 225113 |
|  Terumo Corp. | 13400 | 180026 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;611387 |
|  **Singapore - 3.2%** |  |  |
|  Singapore Technologies Engineering, Ltd. | 49900 | 423513 |
|  **Europe - 29.8%** |  |  |
|  **Belgium - 1.1%** |  |  |
|  D'ieteren Group | 785 | 145345 |
|  **France - 1.7%** |  |  |
|  Safran SA, ADR | 2750 | 225583 |
|  **Germany - 5.8%** |  |  |
|  Allianz SE, ADR | 5525 | 232271 |
|  Deutsche Post AG | 1550 | 81696 |
|  Infineon Technologies AG | 1225 | 55573 |
|  Muenchener Rueckversicherungs AG | 275 | 173674 |
|  Siemens AG, ADR | 1775 | 216337 |
|  |  | 759551 |
|  **Ireland - 5.3%** |  |  |
|  Accenture, PLC | 750 | 148717 |
|  CRH, PLC | 1200 | 126144 |
|  Medtronic, PLC | 725 | 62821 |
|  Trane Technologies, PLC | 875 | 364648 |
|  |  | 702330 |
|  **Netherlands - 0.6%** |  |  |
|  ASML Holding NV | 65 | 85854 |
|  **Spain - 2.8%** |  |  |
|  Iberdrola SA, ADR | 4050 | 373572 |
|  **Switzerland - 3.0%** |  |  |
|  Chubb, Ltd. | 250 | 81483 |
|  Lonza Group AG | 185 | 118681 |
|  Nestle SA, ADR | 1200 | 118920 |
|  Ypsomed Holding AG | 207 | 72567 |
|  |  | 391651 |
|  **United Kingdom - 9.5%** |  |  |
|  AstraZeneca, PLC | 1500 | 295830 |
|  BAE Systems, PLC, ADR | 1450 | 168925 |
|  Coca-Cola Europacific Partners, PLC | 2100 | 190407 |
|  Compass Group, PLC | 3600 | 100443 |
|  Entain, PLC | 10225 | 76814 |
|  Man Group, PLC | 55725 | 187599 |
|  RELX, PLC, ADR | 4700 | 155805 |
|  Rentokil Initial, PLC, ADR | 2375 | 74765 |
|  |  | 1250588 |
|  **North America - 57.9%** |  |  |
|  **United States - 57.9%** |  |  |
|  AbbVie, Inc. | 160 | 34798 |
|  Alphabet, Inc. - Class A | 2500 | 718900 |

---

---

| | | |
|:---|:---|:---|
| **Name of Issuer** | **Quantity** | **Fair Value ($)** |
|  Apple, Inc. | 3600 | 913644 |
|  Broadcom, Inc. | 1925 | 595807 |
|  Cheniere Energy, Inc. | 600 | 170256 |
|  Dexcom, Inc. \* | 1080 | 67824 |
|  Ecolab, Inc. | 325 | 86456 |
|  Eli Lilly & Co. | 178 | 163719 |
|  FedEx Corp. | 375 | 133568 |
|  Goldman Sachs Group, Inc. | 600 | 507594 |
|  Home Depot, Inc. | 745 | 245023 |
|  JPMorgan Chase & Co. | 1075 | 316222 |
|  Lockheed Martin Corp. | 275 | 166207 |
|  Microsoft Corp. | 2000 | 740340 |
|  NIKE, Inc. | 850 | 44897 |
|  NVIDIA Corp. | 9250 | 1613200 |
|  PepsiCo, Inc. | 875 | 135879 |
|  salesforce.com, Inc. | 850 | 158670 |
|  Starbucks Corp. | 1000 | 89590 |
|  T Rowe Price Group, Inc. | 475 | 42816 |
|  TJX Cos., Inc. | 1380 | 220386 |
|  UnitedHealth Group, Inc. | 500 | 135295 |
|  Visa, Inc. | 475 | 143564 |
|  Williams Cos., Inc. | 2675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;194687 |
|  |  | 7639342 |
|  **Total Common Stocks<br>(cost: $5,319,701)** |  | 12608716 |
|  **Short-Term Securities - 4.3%** |  |  |
|  Fidelity Inv. Money Mkt. Gvt. Fund, 3.53%<br>**(cost $562,922)** | 562922 | 562922 |
|  **Total Investments in Securities - 99.9%<br>(cost $5,882,623)** |  | 13171638 |
|  **Other Assets and Liabilities, net - 0.1%** |  | 12101 |
|  **Net Assets - 100.0%** |  | $13183739 |

---

\* 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 ESG 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; Belgium |  | 145345 |  | 145345 |
| &nbsp;&nbsp;&nbsp;&nbsp; France | 225583 |  |  | 225583 |
| &nbsp;&nbsp;&nbsp;&nbsp; Germany | 448608 | 310943 |  | 759551 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ireland | 702330 |  |  | 702330 |
| &nbsp;&nbsp;&nbsp;&nbsp; Japan | 225113 | 386274 |  | 611387 |
| &nbsp;&nbsp;&nbsp;&nbsp; Netherlands | 85854 |  |  | 85854 |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore |  | 423513 |  | 423513 |
| &nbsp;&nbsp;&nbsp;&nbsp; Spain | 373572 |  |  | 373572 |
| &nbsp;&nbsp;&nbsp;&nbsp; Switzerland | 200403 | 191248 |  | 391651 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Kingdom | 885732 | 364856 |  | 1250588 |
| &nbsp;&nbsp;&nbsp;&nbsp; United States | 7639342 |  |  | 7639342 |
|  Short-Term Securities | 562922 |  |  | 562922 |
|  Total: | 11349459 | 1822179 |  | 13171638 |

---

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 ESG Growth Fund

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

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

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

- **a. Date of fiscal year-end:** 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:** $13196440.76

**Total Liabilities:** $12702.39

**Net Assets:** $13183738.37

**Cash Not Reported:** $3661.49

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000170242 | 0.49%                | -0.49%               | -5.25%               |
| Class ID C000170243 | 0.50%                | -0.54%               | -5.27%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $35163.87                | $38803.78                                  |
| Month 2  | $31917.68                | $-109442.25                                |
| Month 3  | $-34483.18               | $-702229.11                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Price T Rowe Group Inc.                 | Price T Rowe Group Inc. COM                     | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |       475 | NS      | $42816.50     | 0.32%             |  |  |  | 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        |    559507 | NS      | $559507.02    | 4.24%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                         | AstraZeneca PLC ORD USD0.25                     | CUSIP: 000000000<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |      1500 | NS      | $295830.00    | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle SA                               | Nestle SA SPONSORED ADR                         | CUSIP: 641069406<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |      1200 | NS      | $118920.00    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                                 | CRH PLC ORD EUR 0.32                            | CUSIP: 000000000<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |      1200 | NS      | $126144.00    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Rentokil Initial PLC                    | Rentokil Initial PLC SPONSORED ADR              | CUSIP: 760125104<br>LEI: 549300VN4WV7Z6T14K68 | Long             | EC               | CORP              | GB        |      2375 | NS      | $74765.00     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc.                 | UnitedHealth Group Inc. COM                     | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |       500 | NS      | $135295.00    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corporation                       | FedEx Corporation COM                           | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |       375 | NS      | $133567.50    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                         | Eli Lilly & Co. COM                             | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |       178 | NS      | $163719.06    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                           | Alphabet Inc. CAP STK CL A                      | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      2500 | NS      | $718900.00    | 5.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Terumo Corp.                            | Terumo Corp. NPV                                | CUSIP: 000000000<br>LEI: 353800JX1R4582QVK932 | Long             | EC               | CORP              | JP        |     13400 | NS      | $180025.77    | 1.37%             |  |  |  | No            |                  2 | On Loan: No      |
| D'Ieteren Group                         | D'Ieteren Group NPV                             | CUSIP: 000000000<br>LEI: 549300DV5KJ23OKVTW34 | Long             | EC               | CORP              | BE        |       785 | NS      | $145345.10    | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp.                            | NVIDIA Corp. COM                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      9250 | NS      | $1613200.00   | 12.24%            |  |  |  | No            |                  1 | On Loan: No      |
| Singapore Technologies Engineering Ltd. | Singapore Technologies Engineering Ltd. NPV     | CUSIP: 000000000<br>LEI: 254900OEXGGWCR24DG90 | Long             | EC               | CORP              | SG        |     49900 | NS      | $423513.02    | 3.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens AG                              | Siemens AG SPONSORED ADR                        | CUSIP: 826197501<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |      1775 | NS      | $216337.00    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico Inc                             | Pepsico Inc COM                                 | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |       875 | NS      | $135878.75    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp.                        | Sony Group Corp. SPONSORED ADR                  | CUSIP: 835699307<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |     10875 | NS      | $225112.50    | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Companies Inc. (The)           | Williams Companies Inc. (The) COM               | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |      2675 | NS      | $194686.50    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Munich Reinsurance AG                   | Munich Reinsurance AG NPV(REGD)                 | CUSIP: 000000000<br>LEI: 529900MUF4C20K50JS49 | Long             | EC               | CORP              | DE        |       275 | NS      | $173673.86    | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Infineon Technologies AG                | Infineon Technologies AG ORD NPV (REGD)         | CUSIP: 000000000<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |      1225 | NS      | $55573.52     | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Microsoft Corp.                         | Microsoft Corp. COM                             | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      2000 | NS      | $740340.00    | 5.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Iberdrola, S.A.                         | Iberdrola, S.A. SPON ADR                        | CUSIP: 450737101<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |      4050 | NS      | $373572.00    | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Allianz SE                              | Allianz SE UNSPONSRD ADS                        | CUSIP: 018820100<br>LEI: 529900K9B0N5BT694847 | Long             | EC               | CORP              | DE        |      5525 | NS      | $232271.00    | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| The TJX Companies Inc.                  | The TJX Companies Inc. COM                      | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      1380 | NS      | $220386.00    | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                              | Apple Inc. COM                                  | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      3600 | NS      | $913644.00    | 6.93%             |  |  |  | No            |                  1 | On Loan: No      |
| DexCom Inc                              | DexCom Inc COM                                  | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |      1080 | NS      | $67824.00     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc.                             | AbbVie Inc. COM                                 | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |       160 | NS      | $34798.40     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                            | Broadcom Inc COM                                | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      1925 | NS      | $595806.75    | 4.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                     | Cheniere Energy Inc COM NEW                     | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |       600 | NS      | $170256.00    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| DHL GROUP                               | DHL GROUP                                       | CUSIP: 000000000<br>LEI: 8ER8GIG7CSMVD8VUFE78 | Long             | EC               | CORP              | DE        |      1550 | NS      | $81695.74     | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.               | Goldman Sachs Group, Inc. COM                   | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |       600 | NS      | $507594.00    | 3.85%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                    | JPMorgan Chase & Co. COM                        | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      1075 | NS      | $316222.00    | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                           | Medtronic PLC USD0.0001                         | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |       725 | NS      | $62821.25     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                  | Trane Technologies PLC COM USD1                 | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |       875 | NS      | $364647.50    | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Keyence Corp.                           | Keyence Corp. NPV                               | CUSIP: 000000000<br>LEI: 529900M7PQBS7A89DZ11 | Long             | EC               | CORP              | JP        |       200 | NS      | $71181.47     | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Home Depot Inc.                         | Home Depot Inc. COM                             | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |       745 | NS      | $245023.05    | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                           | Accenture PLC CLS'A'USD0.0000225                | CUSIP: 000000000<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |       750 | NS      | $148717.50    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Safran SA                               | Safran SA SPON ADR                              | CUSIP: 786584102<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |      2750 | NS      | $225582.50    | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corporation             | Lockheed Martin Corporation COM                 | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |       275 | NS      | $166207.25    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Lonza Group AG                          | Lonza Group AG CHF1 (REGD)                      | CUSIP: 000000000<br>LEI: 549300EFW4H2TCZ71055 | Long             | EC               | CORP              | CH        |       185 | NS      | $118680.94    | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| BAE Systems PLC                         | BAE Systems PLC SPONSORED ADR                   | CUSIP: 05523R107<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |      1450 | NS      | $168925.00    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Europacific Partners PLC      | Coca-Cola Europacific Partners PLC COM EUR0.01  | CUSIP: 000000000<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |      2100 | NS      | $190407.00    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                | Visa Inc COM CL A                               | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |       475 | NS      | $143564.00    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MAN GROUP PLC                           | Man Group PLC (New) ORD USD0.0342857142         | CUSIP: 000000000<br>LEI: 2549003YWC1DW6LALB09 | Long             | EC               | CORP              | JE        |     55725 | NS      | $187599.16    | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Starbucks Corp.                         | Starbucks Corp. COM                             | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |      1000 | NS      | $89590.00     | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Recruit Holdings Co Ltd.                | Recruit Holdings Co Ltd. NPV                    | CUSIP: 000000000<br>LEI: 353800R2LRSMVVC4I806 | Long             | EC               | CORP              | JP        |      3100 | NS      | $135066.91    | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Entain PLC                              | Entain PLC ORD EUR0.01                          | CUSIP: 000000000<br>LEI: 213800GNI3K45LQR8L28 | Long             | EC               | CORP              | IM        |     10225 | NS      | $76814.32     | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Compass Group PLC                       | Compass Group PLC ORD GBP0.1105                 | CUSIP: 000000000<br>LEI: 2138008M6MH9OZ6U2T68 | Long             | EC               | CORP              | GB        |      3600 | NS      | $100443.34    | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Ecolab Inc.                             | Ecolab Inc. COM                                 | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |       325 | NS      | $86456.50     | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc.                         | Salesforce Inc. COM                             | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |       850 | NS      | $158669.50    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Nike, Inc.                              | Nike, Inc. CL B                                 | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |       850 | NS      | $44897.00     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding N.V.                       | ASML Holding N.V. NY REGISTRY SHS               | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |        65 | NS      | $85853.95     | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Ypsomed Holding AG                      | Ypsomed Holding AG CHF14.15 (REGD)              | CUSIP: 000000000<br>LEI: 391200QLIOTTBNPNSI14 | Long             | EC               | CORP              | CH        |       207 | NS      | $72567.23     | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Relx PLC                                | Relx PLC SPONSORED ADR                          | CUSIP: 759530108<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |      4700 | NS      | $155805.00    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd. Switzerland                  | Chubb Ltd. Switzerland ORD CHF24.15             | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |       250 | NS      | $81482.50     | 0.62%             |  |  |  | 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