# EDGAR Filing Document

**Accession Number:** 0000877880
**File Stem:** 0001752724-25-203012
**Filing Date:** 2025-8
**Character Count:** 32629
**Document Hash:** de8257df42e94c15db609f60bcc5867b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-203012.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0001752724-25-203012

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250825

**DATE AS OF CHANGE**: 20250825

**PERIOD START**: 20250630

**FILER**: 

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

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MN
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06373
- **FILM NUMBER:** 251251739

**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 International Growth Fund (Series ID: S000003461)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000009595 | Sit International Growth Fund | SNGRX           |

## 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 International Growth Fund

- **b. EDGAR series identifier (if any):** S000003461

- **c. LEI of Series:** 254900HEYR6MUMPY3L49

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

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

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

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $31861028.39

**Total Liabilities:** $22037.56

**Net Assets:** $31838990.83

**Cash Not Reported:** $10828.27

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000009595 | 3.58%                | 5.77%                | 2.89%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-25667.50               | $971456.97                                 |
| Month 2  | $-23192.08               | $1520547.63                                |
| Month 3  | $-16804.38               | $902419.31                                 |

### Schedule of Portfolio Investments

| Name                                                           | Title                                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Entain PLC                                                     | Entain PLC                                                | CUSIP: 000000000<br>LEI: 213800GNI3K45LQR8L28 | Long             | EC               | CORP              | GB        |     27600 | NS      | $341345.11    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolution AB                                                   | Evolution AB                                              | CUSIP: 30051E104<br>LEI: 549300SUH6ZR1RF6TA88 | Long             | EC               | CORP              | SE        |      2325 | NS      | $184605.00    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Ltd                                                  | AIA Group Ltd                                             | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |     32200 | NS      | $288776.36    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Diageo PLC                                                     | Diageo PLC                                                | CUSIP: 25243Q205<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |      1840 | NS      | $185545.60    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                                                           | Taiwan Semiconductor Manufacturing Co Ltd                 | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      1000 | NS      | $226490.00    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| FIDELITY INVESTMENTS MONEY MARKET FUNDS - GOVERNMENT PORTFOLIO | FIDELITY GOVERNMENT PORT-I                                | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |    512138 | NS      | $512138.30    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Munich Re                                                      | Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | CUSIP: 000000000<br>LEI: 529900MUF4C20K50JS49 | Long             | EC               | CORP              | DE        |       800 | NS      | $518863.42    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle SA                                                      | Nestle SA                                                 | CUSIP: 000000000<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |      3600 | NS      | $357663.37    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronet Worldwide Inc                                          | Euronet Worldwide Inc                                     | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |      1375 | NS      | $139397.50    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| AXA SA                                                         | AXA SA                                                    | CUSIP: 000000000<br>LEI: F5WCUMTUM4RKZ1MAIE39 | Long             | EC               | CORP              | FR        |     11750 | NS      | $576750.82    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens AG                                                     | Siemens AG                                                | CUSIP: 000000000<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |      3100 | NS      | $794780.53    | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                                   | Broadcom Inc                                              | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     10250 | NS      | $2825412.50   | 8.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S                                               | Novo Nordisk A/S                                          | CUSIP: 670100205<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |      5825 | NS      | $402041.50    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BHP Group Ltd                                                  | BHP Group Ltd                                             | CUSIP: 088606108<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |      2900 | NS      | $139461.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Galderma Group AG                                              | Galderma Group AG                                         | CUSIP: 000000000<br>LEI: 89450001OK6O8ELQ4584 | Long             | EC               | CORP              | CH        |      1350 | NS      | $195664.50    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| RELX PLC                                                       | RELX PLC                                                  | CUSIP: 000000000<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |      9750 | NS      | $527391.77    | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto PLC                                                  | Rio Tinto PLC                                             | CUSIP: 767204100<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |      4400 | NS      | $256652.00    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Heavy Industries Lt                                 | Mitsubishi Heavy Industries Ltd                           | CUSIP: 000000000<br>LEI: 353800TJ98PCAZROVE69 | Long             | EC               | CORP              | JP        |     18000 | NS      | $451234.33    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Terumo Corp                                                    | Terumo Corp                                               | CUSIP: 000000000<br>LEI: 353800JX1R4582QVK932 | Long             | EC               | CORP              | JP        |     24800 | NS      | $456373.04    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                                               | MercadoLibre Inc                                          | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |        40 | NS      | $104545.20    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                                  | Accenture PLC                                             | CUSIP: 000000000<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |       550 | NS      | $164389.50    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Globant SA                                                     | Globant SA                                                | CUSIP: 000000000<br>LEI: 2221008DCMSPYS42DS88 | Long             | EC               | CORP              | LU        |      2050 | NS      | $186222.00    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp                                                | Sony Group Corp                                           | CUSIP: 835699307<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |     35325 | NS      | $919509.75    | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Reckitt Benckiser Group PLC                                    | Reckitt Benckiser Group PLC                               | CUSIP: 000000000<br>LEI: 5493003JFSMOJG48V108 | Long             | EC               | CORP              | GB        |      3100 | NS      | $210845.90    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| ENN Energy Holdings Ltd                                        | ENN Energy Holdings Ltd                                   | CUSIP: 000000000<br>LEI: 549300V7BXPWT6WIPR03 | Long             | EC               | CORP              | CN        |     18400 | NS      | $146966.54    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                                                | ASML Holding NV                                           | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      1025 | NS      | $821424.75    | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Infineon Technologies AG                                       | Infineon Technologies AG                                  | CUSIP: 000000000<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |      5950 | NS      | $253122.90    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Baidu Inc                                                      | Baidu Inc                                                 | CUSIP: 056752108<br>LEI: 254900AL64IANZYI1E02 | Long             | EC               | CORP              | CN        |      1075 | NS      | $92192.00     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Lonza Group AG                                                 | Lonza Group AG                                            | CUSIP: 000000000<br>LEI: 549300EFW4H2TCZ71055 | Long             | EC               | CORP              | CH        |       590 | NS      | $420127.29    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity PLC                                            | TE Connectivity PLC                                       | CUSIP: 000000000<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |      1100 | NS      | $185537.00    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlassian Corp                                                 | Atlassian Corp                                            | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | AU        |      1425 | NS      | $289403.25    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                                                | AstraZeneca PLC                                           | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |     10125 | NS      | $707535.00    | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Elis SA                                                        | Elis SA                                                   | CUSIP: 000000000<br>LEI: 969500UX71LCE8MAY492 | Long             | EC               | CORP              | FR        |     12125 | NS      | $347639.55    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Stellantis NV                                                  | Stellantis NV                                             | CUSIP: 000000000<br>LEI: 549300LKT9PW7ZIBDF31 | Long             | EC               | CORP              | NL        |     16375 | NS      | $164241.25    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Alimentation Couche-Tard Inc                                   | Alimentation Couche-Tard Inc                              | CUSIP: 01626P148<br>LEI: 549300OSW32RVX8CCZ87 | Long             | EC               | CORP              | CA        |      7400 | NS      | $367839.91    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| D'ieteren Group                                                | D'ieteren Group                                           | CUSIP: 000000000<br>LEI: 549300DV5KJ23OKVTW34 | Long             | EC               | CORP              | BE        |      2150 | NS      | $461944.87    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections Inc                                          | Waste Connections Inc                                     | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |      2750 | NS      | $513480.00    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Dassault Systemes SE                                           | Dassault Systemes SE                                      | CUSIP: 000000000<br>LEI: 96950065LBWY0APQIM86 | Long             | EC               | CORP              | FR        |     11700 | NS      | $423521.32    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd                                     | Samsung Electronics Co Ltd                                | CUSIP: 796050888<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |       185 | NS      | $203685.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| London Stock Exchange Group PL                                 | London Stock Exchange Group PLC                           | CUSIP: 000000000<br>LEI: 213800QAUUUP6I445N30 | Long             | EC               | CORP              | GB        |      4200 | NS      | $613121.58    | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE                                          | Schneider Electric SE                                     | CUSIP: 000000000<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |      3970 | NS      | $1055945.01   | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| PING AN                                                        | Ping An Insurance Group Co of China Ltd                   | CUSIP: 000000000<br>LEI: 529900M9MC28JLN35U89 | Long             | EC               | CORP              | CN        |     33500 | NS      | $212737.02    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd                                                  | HDFC Bank Ltd                                             | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |      2400 | NS      | $184008.00    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Lynas Rare Earths Ltd                                          | Lynas Rare Earths Ltd                                     | CUSIP: 000000000<br>LEI: 529900SGT9M1FJPXXI35 | Long             | EC               | CORP              | AU        |     46625 | NS      | $264208.56    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Group PLC                                              | Compass Group PLC                                         | CUSIP: 000000000<br>LEI: 2138008M6MH9OZ6U2T68 | Long             | EC               | CORP              | GB        |     10625 | NS      | $359797.30    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                                                        | CRH PLC                                                   | CUSIP: 000000000<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | US        |      2800 | NS      | $257040.00    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Iberdrola SA                                                   | Iberdrola SA                                              | CUSIP: 000000000<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |     45900 | NS      | $880766.17    | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| DBS Group Holdings Ltd                                         | DBS Group Holdings Ltd                                    | CUSIP: 000000000<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |     17160 | NS      | $606099.57    | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| UCB SA                                                         | UCB SA                                                    | CUSIP: 000000000<br>LEI: 2138008J191VLSGY5A09 | Long             | EC               | CORP              | BE        |      2025 | NS      | $398233.97    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Safran SA                                                      | Safran SA                                                 | CUSIP: 000000000<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |      2590 | NS      | $841740.69    | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Allianz SE                                                     | Allianz SE                                                | CUSIP: 000000000<br>LEI: 529900K9B0N5BT694847 | Long             | EC               | CORP              | DE        |      1935 | NS      | $784318.57    | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Europacific Partners                                 | Coca-Cola Europacific Partners PLC                        | CUSIP: 000000000<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |      5400 | NS      | $500688.00    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc                                     | Mondelez International Inc                                | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |      4800 | NS      | $323712.00    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ST Engineering                                                 | Singapore Technologies Engineering Ltd                    | CUSIP: 000000000<br>LEI: 254900OEXGGWCR24DG90 | Long             | EC               | CORP              | SG        |    104800 | NS      | $642070.00    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                                                      | Shell PLC                                                 | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |     12250 | NS      | $862522.50    | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Man Group PLC/Jersey                                           | Man Group PLC/Jersey                                      | CUSIP: 000000000<br>LEI: 2549003YWC1DW6LALB09 | Long             | EC               | CORP              | GB        |     93600 | NS      | $217259.75    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Smith & Nephew PLC                                             | Smith & Nephew PLC                                        | CUSIP: 000000000<br>LEI: 213800ZTMDN8S67S1H61 | Long             | EC               | CORP              | GB        |     10175 | NS      | $155449.52    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Macquarie Group Ltd                                            | Macquarie Group Ltd                                       | CUSIP: 000000000<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | EC               | CORP              | AU        |      2225 | NS      | $334948.50    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Ascendis Pharma A/S                                            | Ascendis Pharma A/S                                       | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             | EC               | CORP              | DK        |      1000 | NS      | $172600.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Cellnex Telecom SA                                             | Cellnex Telecom SA                                        | CUSIP: 000000000<br>LEI: 5493008T4YG3AQUI7P67 | Long             | EC               | CORP              | ES        |      5200 | NS      | $201829.95    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| BAE Systems PLC                                                | BAE Systems PLC                                           | CUSIP: 000000000<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |     28250 | NS      | $731534.94    | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Colliers International Group I                                 | Colliers International Group Inc                          | CUSIP: 194693107<br>LEI: D3O8K13PHLEXXD1DT480 | Long             | EC               | CORP              | CA        |      1600 | NS      | $208864.00    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| STERIS PLC                                                     | STERIS PLC                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       825 | NS      | $198181.50    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Hon Hai Precision Industry Co                                  | Hon Hai Precision Industry Co Ltd                         | CUSIP: 438090805<br>LEI: 30030004CM3GSZXX7O56 | Long             | EC               | CORP              | TW        |     11750 | NS      | $126900.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Recruit Holdings Co Ltd                                        | Recruit Holdings Co Ltd                                   | CUSIP: 000000000<br>LEI: 353800R2LRSMVVC4I806 | Long             | EC               | CORP              | JP        |     11200 | NS      | $663810.28    | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ypsomed Holding AG                                             | Ypsomed Holding AG                                        | CUSIP: 000000000<br>LEI: 391200QLIOTTBNPNSI14 | Long             | EC               | CORP              | CH        |       325 | NS      | $173057.53    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Keyence Corp                                                   | Keyence Corp                                              | CUSIP: 000000000<br>LEI: 529900M7PQBS7A89DZ11 | Long             | EC               | CORP              | JP        |      1000 | NS      | $401652.72    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                                      | Linde PLC                                                 | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | US        |       500 | NS      | $234590.00    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Westpac Banking Corp                                           | Westpac Banking Corp                                      | CUSIP: 000000000<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | EC               | CORP              | AU        |      4425 | NS      | $98610.94     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Societe Generale SA                                            | Societe Generale SA                                       | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | EC               | CORP              | FR        |      5525 | NS      | $315971.84    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI India ETF                                         | iShares MSCI India ETF                                    | CUSIP: 46429B598<br>LEI: 549300282VMCFH7S5848 | Long             | EC               | RF                | US        |      3200 | NS      | $178176.00    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Partners Group Holding AG                                      | Partners Group Holding AG                                 | CUSIP: 000000000<br>LEI: 549300I3IVVWZWDHI788 | Long             | EC               | CORP              | CH        |       490 | NS      | $639170.71    | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Rentokil Initial PLC                                           | Rentokil Initial PLC                                      | CUSIP: 000000000<br>LEI: 549300VN4WV7Z6T14K68 | Long             | EC               | CORP              | GB        |     47250 | NS      | $228364.01    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexagon AB                                                     | Hexagon AB                                                | CUSIP: 000000000<br>LEI: 549300WJFW6ILNI4TA80 | Long             | EC               | CORP              | SE        |     16200 | NS      | $162943.48    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| On Holding AG                                                  | On Holding AG                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |      8625 | NS      | $448931.25    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Zurich Insurance Group AG                                      | Zurich Insurance Group AG                                 | CUSIP: 000000000<br>LEI: 529900QVNRBND50TXP03 | Long             | EC               | CORP              | CH        |       255 | NS      | $178238.07    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Adyen NV                                                       | Adyen NV                                                  | CUSIP: 000000000<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |        84 | NS      | $154200.25    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Post AG                                               | Deutsche Post AG                                          | CUSIP: 000000000<br>LEI: 8ER8GIG7CSMVD8VUFE78 | Long             | EC               | CORP              | DE        |      6550 | NS      | $302527.60    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** Paul Rasmussen

**Name of Signer:** Paul Rasmussen

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