# EDGAR Filing Document

**Accession Number:** 0000877880
**File Stem:** 0001752724-23-035243
**Filing Date:** 2023-2
**Character Count:** 30390
**Document Hash:** 0fc0bd1db222585c185caf703996ee5f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-035243.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001752724-23-035243

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230223

**DATE AS OF CHANGE**: 20230223

**PERIOD START**: 20230630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SIT MUTUAL FUNDS INC
- **CENTRAL INDEX KEY:** 0000877880
- **IRS NUMBER:** 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:** 23657204

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

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

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

## Series and Classes Contracts Data

### Sit Dividend Growth Fund (Series ID: S000003466)

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Minneapolis

  - **State:** MN

  - **Foreign country:** US

  - **Zip / Postal Code:** 55402

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

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

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

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

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

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

- **a. Date of fiscal year-end:** 2023-06-30

- **b. Date as of which information is reported:** 2022-12-30

**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:** $219973608.77

**Total Liabilities:** $521686.15

**Net Assets:** $219451922.62

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000009600 | 8.62%                | 6.29%                | -4.11%               |
| Class ID C000033658 | 8.60%                | 6.26%                | -4.14%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-29035.56               | $17427075.75                               |
| Month 2  | $855141.39               | $12681031.27                               |
| Month 3  | $1252899.26              | $-11210409.44                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Bristol-Myers Squibb Co                                        | Bristol-Myers Squibb Co              | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     45475 | NS      | $3271926.25   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Re Group Ltd                                           | Everest Re Group Ltd                 | CUSIP: 000000000<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |      7325 | NS      | $2426552.75   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                                                   | QUALCOMM Inc                         | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      9475 | NS      | $1041681.50   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                                                | McDonald's Corp                      | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      9025 | NS      | $2378358.25   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Group Inc/The                                          | Carlyle Group Inc/The                | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |     49600 | NS      | $1480064.00   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The                                    | Goldman Sachs Group Inc/The          | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      3950 | NS      | $1356351.00   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Activision Blizzard Inc                                        | Activision Blizzard Inc              | CUSIP: 00507V109<br>LEI: 549300TPQQDBP9GNOF40 | Long             | EC               | CORP              | US        |     18475 | NS      | $1414261.25   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corp                                                     | Sysco Corp                           | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |     35825 | NS      | $2738821.25   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc                                   | Thermo Fisher Scientific Inc         | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      3900 | NS      | $2147691.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Booz Allen Hamilton Holding Co                                 | Booz Allen Hamilton Holding Corp     | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |     21225 | NS      | $2218437.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc                                                    | MetLife Inc                          | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |     25975 | NS      | $1879810.75   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The                                             | Home Depot Inc/The                   | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      7035 | NS      | $2222075.10   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FIDELITY INVESTMENTS MONEY MARKET FUNDS - GOVERNMENT PORTFOLIO | FIDELITY GOVERNMENT PORT-I           | CUSIP: 316175108<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    507625 | NS      | $507625.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                                                | CVS Health Corp                      | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |     26525 | NS      | $2471864.75   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                                  | Accenture PLC                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     11700 | NS      | $3122028.00   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                                            | Abbott Laboratories                  | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     27000 | NS      | $2964330.00   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Cos Inc                                               | Carlisle Cos Inc                     | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |      9300 | NS      | $2191545.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                                                 | ConocoPhillips                       | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     44200 | NS      | $5215600.00   | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Jacobs Solutions Inc                                           | Jacobs Solutions Inc                 | CUSIP: 46982L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14850 | NS      | $1783039.50   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp                                                 | Starbucks Corp                       | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |     19200 | NS      | $1904640.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp                                             | Union Pacific Corp                   | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     14925 | NS      | $3090519.75   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The                                        | Procter & Gamble Co/The              | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     23950 | NS      | $3629862.00   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp                                            | American Tower Corp                  | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |      9550 | NS      | $2023263.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                                     | Intuit Inc                           | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      5725 | NS      | $2228284.50   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                                   | Broadcom Inc                         | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     11550 | NS      | $6457951.50   | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp                                                     | FedEx Corp                           | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |      8176 | NS      | $1416083.20   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Garmin Ltd                                                     | Garmin Ltd                           | CUSIP: 000000000<br>LEI: 2549001E0HIPIJQ0W046 | Long             | EC               | CORP              | CH        |     13100 | NS      | $1208999.00   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals Inc                                 | Air Products and Chemicals Inc       | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |     12100 | NS      | $3729946.00   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management Inc                                           | Waste Management Inc                 | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |     12650 | NS      | $1984532.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                                                    | Oracle Corp                          | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     47025 | NS      | $3843823.50   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| East West Bancorp Inc                                          | East West Bancorp Inc                | CUSIP: 27579R104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27325 | NS      | $1800717.50   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Inc                                          | Quest Diagnostics Inc                | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |     14925 | NS      | $2334867.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                                             | NextEra Energy Inc                   | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41375 | NS      | $3458950.00   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc                                          | Applied Materials Inc                | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     23800 | NS      | $2317644.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Reinsurance Group of America I                                 | Reinsurance Group of America Inc     | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |     20575 | NS      | $2923501.75   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp                                          | Northrop Grumman Corp                | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |      3790 | NS      | $2067861.90   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group I                                 | PNC Financial Services Group Inc/The | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |     12400 | NS      | $1958456.00   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp PLC                                                 | Eaton Corp PLC                       | CUSIP: 000000000<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | US        |     17425 | NS      | $2734853.75   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp                                                   | Entergy Corp                         | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |     31375 | NS      | $3529687.50   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                                         | UnitedHealth Group Inc               | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      7725 | NS      | $4095640.50   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp                                                    | Target Corp                          | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |      8775 | NS      | $1307826.00   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                                               | Exxon Mobil Corp                     | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     40850 | NS      | $4505755.00   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                                                      | Chubb Ltd                            | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |      9100 | NS      | $2007460.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                                      | Apple Inc                            | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     79025 | NS      | $10267718.25  | 4.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial Inc                                       | Ameriprise Financial Inc             | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |      8575 | NS      | $2669997.75   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                                               | Wells Fargo & Co                     | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     55550 | NS      | $2293659.50   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc                                             | Analog Devices Inc                   | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     23425 | NS      | $3842402.75   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands Inc                                       | Constellation Brands Inc             | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |      9250 | NS      | $2143687.50   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson PLC                                       | Willis Towers Watson PLC             | CUSIP: 000000000<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | GB        |      8803 | NS      | $2153037.74   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                                                 | Microsoft Corp                       | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     48400 | NS      | $11607288.00  | 5.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                                                     | Pfizer Inc                           | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     43225 | NS      | $2214849.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                                              | Johnson & Johnson                    | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     36675 | NS      | $6478638.75   | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Genpact Ltd                                                    | Genpact Ltd                          | CUSIP: 000000000<br>LEI: 529900OSEC6Q0L4L5B35 | Long             | EC               | CORP              | US        |     54175 | NS      | $2509386.00   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp                                           | Parker-Hannifin Corp                 | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |      5850 | NS      | $1702350.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                                                  | Medtronic PLC                        | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |     46050 | NS      | $3579006.00   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The                                           | Williams Cos Inc/The                 | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     93250 | NS      | $3067925.00   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                                   | Alphabet Inc                         | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     37400 | NS      | $3299802.00   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens AG                                                     | Siemens AG                           | CUSIP: 826197501<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |     27800 | NS      | $1912362.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group I                                 | American International Group Inc     | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |     43600 | NS      | $2757264.00   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp                                          | General Dynamics Corp                | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |     12200 | NS      | $3026942.00   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                                                | Xcel Energy Inc                      | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |     45075 | NS      | $3160208.25   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp                                             | Realty Income Corp                   | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |     50350 | NS      | $3193700.50   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions Inc                                         | Skyworks Solutions Inc               | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |     22600 | NS      | $2059538.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies Inc                                       | Agilent Technologies Inc             | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |     14875 | NS      | $2226043.75   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity Ltd                                            | TE Connectivity Ltd                  | CUSIP: 000000000<br>LEI: 894500ZRIX9K13RHXR17 | Long             | EC               | CORP              | US        |     29050 | NS      | $3334940.00   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                                                    | PepsiCo Inc                          | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     21175 | NS      | $3825475.50   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd                                                    | Nutrien Ltd                          | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |     23050 | NS      | $1683341.50   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equitie                                 | Alexandria Real Estate Equities Inc  | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |     19650 | NS      | $2862415.50   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                                                | TJX Cos Inc/The                      | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     38350 | NS      | $3052660.00   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                                                | AstraZeneca PLC                      | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |     53675 | NS      | $3639165.00   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc                                     | Mondelez International Inc           | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |     49800 | NS      | $3319170.00   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                 | Morgan Stanley                       | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     37375 | NS      | $3177622.50   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                                       | Visa Inc                             | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     14555 | NS      | $3023946.80   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare Inc                                             | HCA Healthcare Inc                   | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |      7850 | NS      | $1883686.00   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| AES Corp/The                                                   | AES Corp/The                         | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |     51975 | NS      | $1494801.00   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc                                            | Gilead Sciences Inc                  | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     24475 | NS      | $2101178.75   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-22

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

**Signature:** Paul Rasmussen

**Name of Signer:** Paul Rasmussen

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