# EDGAR Filing Document

**Accession Number:** 0000877880
**File Stem:** 0001752724-25-203005
**Filing Date:** 2025-8
**Character Count:** 33027
**Document Hash:** ccf492bbec0d5e92f9f225ea0bc10413
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-203005.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0001752724-25-203005

**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:** 251251733

**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           |

## 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:** 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:** $114017498.96

**Total Liabilities:** $138337.10

**Net Assets:** $113879161.86

**Cash Not Reported:** $5182.50

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000009598 | 0.29%                | 5.74%                | 4.79%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $290789.75               | $32563.41                                  |
| Month 2  | $-1032128.24             | $6985224.32                                |
| Month 3  | $-1157843.50             | $6370794.90                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Belden Inc                                                     | Belden Inc                               | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |     13600 | NS      | $1574880.00   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Lease Corp                                                 | Air Lease Corp                           | CUSIP: 00912X302<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EC               | CORP              | US        |     33325 | NS      | $1949179.25   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Inc                                                    | Hubbell Inc                              | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |      4375 | NS      | $1786793.75   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corp                                                   | Insulet Corp                             | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |      3525 | NS      | $1107484.50   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| AtriCure Inc                                                   | AtriCure Inc                             | CUSIP: 04963C209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60800 | NS      | $1992416.00   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co Inc                                               | Donaldson Co Inc                         | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |     17275 | NS      | $1198021.25   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corp                                          | Stifel Financial Corp                    | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |     11800 | NS      | $1224604.00   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ARS Pharmaceuticals Inc                                        | ARS Pharmaceuticals Inc                  | CUSIP: 82835W108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18250 | NS      | $318462.50    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corp                                                 | Flowserve Corp                           | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |     27475 | NS      | $1438316.25   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| YETI Holdings Inc                                              | YETI Holdings Inc                        | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |     15850 | NS      | $499592.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Globant SA                                                     | Globant SA                               | CUSIP: 000000000<br>LEI: 2221008DCMSPYS42DS88 | Long             | EC               | CORP              | LU        |     11350 | NS      | $1031034.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Golar LNG Ltd                                                  | Golar LNG Ltd                            | CUSIP: 000000000<br>LEI: 213800C2VSFZG3EZLO34 | Long             | EC               | CORP              | BM        |     33600 | NS      | $1383984.00   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Cabot Corp                                                     | Cabot Corp                               | CUSIP: 127055101<br>LEI: K05C0SER542GQ6VLRO68 | Long             | EC               | CORP              | US        |      7700 | NS      | $577500.00    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Cos Inc                                               | Carlisle Cos Inc                         | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |      2200 | NS      | $821480.00    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Olin Corp                                                      | Olin Corp                                | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |     40475 | NS      | $813142.75    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group Inc                                                | EMCOR Group Inc                          | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |      7950 | NS      | $4252375.50   | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Boot Barn Holdings Inc                                         | Boot Barn Holdings Inc                   | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |      6775 | NS      | $1029800.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC Inc                                                        | PTC Inc                                  | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |     15375 | NS      | $2649727.50   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Alliance Bancorp                                       | Western Alliance Bancorp                 | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |      3600 | NS      | $280728.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software                                  | Take-Two Interactive Software Inc        | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |      4075 | NS      | $989613.75    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Vericel Corp                                                   | Vericel Corp                             | CUSIP: 92346J108<br>LEI: 54930076YM3PLTDR4B91 | Long             | EC               | CORP              | US        |     25975 | NS      | $1105236.25   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Kodiak Gas Services Inc                                        | Kodiak Gas Services Inc                  | CUSIP: 50012A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14700 | NS      | $503769.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Alaska Air Group Inc                                           | Alaska Air Group Inc                     | CUSIP: 011659109<br>LEI: 529900G48RT4KWLC6C27 | Long             | EC               | CORP              | US        |     17675 | NS      | $874559.00    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Knight-Swift Transportation Ho                                 | Knight-Swift Transportation Holdings Inc | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18725 | NS      | $828206.75    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCEPT BioRobotics Corp                                       | PROCEPT BioRobotics Corp                 | CUSIP: 74276L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21550 | NS      | $1241280.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corp                                             | Regal Rexnord Corp                       | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |      6755 | NS      | $979204.80    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| nCino Inc                                                      | nCino Inc                                | CUSIP: 63947X101<br>LEI: 549300WVRR2WR3L6MZ46 | Long             | EC               | CORP              | US        |     15975 | NS      | $446820.75    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software Inc                                            | Paycom Software Inc                      | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |      6225 | NS      | $1440465.00   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Supernus Pharmaceuticals Inc                                   | Supernus Pharmaceuticals Inc             | CUSIP: 868459108<br>LEI: 549300GRM36VBKISYJ58 | Long             | EC               | CORP              | US        |     34775 | NS      | $1096108.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| TFI International Inc                                          | TFI International Inc                    | CUSIP: 87241L109<br>LEI: 5493007R9W7KO7SJN678 | Long             | EC               | CORP              | CA        |     16525 | NS      | $1481796.75   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections Inc                                          | Waste Connections Inc                    | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |     14025 | NS      | $2618748.00   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| CSW Industrials Inc                                            | CSW Industrials Inc                      | CUSIP: 126402106<br>LEI: 549300SYOEO3RVQ7FB83 | Long             | EC               | CORP              | US        |      3650 | NS      | $1046929.50   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp                                                | Bio-Techne Corp                          | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |     14800 | NS      | $761460.00    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| FTI Consulting Inc                                             | FTI Consulting Inc                       | CUSIP: 302941109<br>LEI: 549300K17GM8EQD0FQ48 | Long             | EC               | CORP              | US        |      3075 | NS      | $496612.50    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Co                                                       | Crane Co                                 | CUSIP: 224408104<br>LEI: 5493000CQRQOTHUODL75 | Long             | EC               | CORP              | US        |     13700 | NS      | $2601493.00   | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| STERIS PLC                                                     | STERIS PLC                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3475 | NS      | $834764.50    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane NXT Co                                                   | Crane NXT Co                             | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |     19075 | NS      | $1028142.50   | 0.90%             |  |  |  | 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        |   4892549 | NS      | $4892548.92   | 4.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Align Technology Inc                                           | Align Technology Inc                     | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |      2150 | NS      | $407059.50    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensient Technologies Corp                                     | Sensient Technologies Corp               | CUSIP: 81725T100<br>LEI: CMMZHMFZQG86EI7WZU92 | Long             | EC               | CORP              | US        |      6775 | NS      | $667473.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronet Worldwide Inc                                          | Euronet Worldwide Inc                    | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |      5050 | NS      | $511969.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Ascendis Pharma A/S                                            | Ascendis Pharma A/S                      | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             | EC               | CORP              | DK        |      6300 | NS      | $1087380.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Colliers International Group I                                 | Colliers International Group Inc         | CUSIP: 194693107<br>LEI: D3O8K13PHLEXXD1DT480 | Long             | EC               | CORP              | CA        |     11050 | NS      | $1442467.00   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Sarepta Therapeutics Inc                                       | Sarepta Therapeutics Inc                 | CUSIP: 803607100<br>LEI: 549300IKDPIED8J8IG21 | Long             | EC               | CORP              | US        |      9450 | NS      | $161595.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corp                                          | Encompass Health Corp                    | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |     13525 | NS      | $1658570.75   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Lantheus Holdings Inc                                          | Lantheus Holdings Inc                    | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Long             | EC               | CORP              | US        |     15825 | NS      | $1295434.50   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corp                                          | Tenet Healthcare Corp                    | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |     11275 | NS      | $1984400.00   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanover Insurance Group Inc/Th                                 | Hanover Insurance Group Inc/The          | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |      5425 | NS      | $921544.75    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                                                  | Coherent Corp                            | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |     20075 | NS      | $1790890.75   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Establishment Labs Holdings In                                 | Establishment Labs Holdings Inc          | CUSIP: 000000000<br>LEI: 549300BCBQ714JNJ7V58 | Long             | EC               | CORP              | CR        |     17900 | NS      | $764509.00    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Trex Co Inc                                                    | Trex Co Inc                              | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20825 | NS      | $1132463.50   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| TransMedics Group Inc                                          | TransMedics Group Inc                    | CUSIP: 89377M109<br>LEI: 549300060GVOSMWARH50 | Long             | EC               | CORP              | US        |      5625 | NS      | $753806.25    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Capital Holdings Ltd                                      | Axis Capital Holdings Ltd                | CUSIP: 000000000<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EC               | CORP              | BM        |     22125 | NS      | $2297017.50   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Exact Sciences Corp                                            | Exact Sciences Corp                      | CUSIP: 30063P105<br>LEI: 549300VM3X1FYD4N9Z14 | Long             | EC               | CORP              | US        |     12425 | NS      | $660264.50    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc                                  | Lincoln Electric Holdings Inc            | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |      5400 | NS      | $1119528.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Argan Inc                                                      | Argan Inc                                | CUSIP: 04010E109<br>LEI: 529900E4KZWBV9KGBS83 | Long             | EC               | CORP              | US        |     14525 | NS      | $3202472.00   | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| AeroVironment Inc                                              | AeroVironment Inc                        | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |      6650 | NS      | $1894917.50   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores Inc                                     | Casey's General Stores Inc               | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |      4300 | NS      | $2194161.00   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Zurn Elkay Water Solutions Cor                                 | Zurn Elkay Water Solutions Corp          | CUSIP: 98983L108<br>LEI: 549300AM3633XDFU1Q85 | Long             | EC               | CORP              | US        |     19325 | NS      | $706715.25    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Entegris Inc                                                   | Entegris Inc                             | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |      5249 | NS      | $423331.85    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| MP Materials Corp                                              | MP Materials Corp                        | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Long             | EC               | CORP              | US        |     33350 | NS      | $1109554.50   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| KBR Inc                                                        | KBR Inc                                  | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |     38450 | NS      | $1843293.00   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Addus HomeCare Corp                                            | Addus HomeCare Corp                      | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |     15250 | NS      | $1756647.50   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot Inc                                                    | HubSpot Inc                              | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |      3175 | NS      | $1767300.25   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty Inc                                                | Ulta Beauty Inc                          | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |      3050 | NS      | $1426851.00   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Oil & Gas Inc                                         | Northern Oil & Gas Inc                   | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | EC               | CORP              | US        |     39300 | NS      | $1114155.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc                                   | Monolithic Power Systems Inc             | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |      5025 | NS      | $3675184.50   | 3.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ASGN Inc                                                       | ASGN Inc                                 | CUSIP: 00191U102<br>LEI: LZBNYYCBUKY537072438 | Long             | EC               | CORP              | US        |     17500 | NS      | $873775.00    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Utilities Corp                                      | Chesapeake Utilities Corp                | CUSIP: 165303108<br>LEI: 254900WW0FDCKAOCKE74 | Long             | EC               | CORP              | US        |      4925 | NS      | $592083.50    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Booz Allen Hamilton Holding Co                                 | Booz Allen Hamilton Holding Corp         | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |     13150 | NS      | $1369309.50   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                                                 | TechnipFMC PLC                           | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |     73550 | NS      | $2533062.00   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corp                                                     | Ciena Corp                               | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |     14150 | NS      | $1150819.50   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc                                            | Eagle Materials Inc                      | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |     10300 | NS      | $2081733.00   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Glaukos Corp                                                   | Glaukos Corp                             | CUSIP: 377322102<br>LEI: 5299004JA1LHE21M6T14 | Long             | EC               | CORP              | US        |      9000 | NS      | $929610.00    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Crocs Inc                                                      | Crocs Inc                                | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Long             | EC               | CORP              | US        |      6575 | NS      | $665916.00    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| ANSYS Inc                                                      | ANSYS Inc                                | CUSIP: 03662Q105<br>LEI: 549300VJV8H15Z5FJ571 | Long             | EC               | CORP              | US        |      2950 | NS      | $1036099.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Inc                                                        | MKS Inc                                  | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |     13400 | NS      | $1331424.00   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Artisan Partners Asset Managem                                 | Artisan Partners Asset Management Inc    | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |     25750 | NS      | $1141497.50   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexstar Media Group Inc                                        | Nexstar Media Group Inc                  | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |      5350 | NS      | $925282.50    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| AZEK Co Inc/The                                                | AZEK Co Inc/The                          | CUSIP: 05478C105<br>LEI: 5493002LDDDU1RX46815 | Long             | EC               | CORP              | US        |     24200 | NS      | $1315270.00   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Old National Bancorp/IN                                        | Old National Bancorp/IN                  | CUSIP: 680033107<br>LEI: 549300MMK90CL5KMVX16 | Long             | EC               | CORP              | US        |     12225 | NS      | $260881.50    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                                            | Arista Networks Inc                      | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     48900 | NS      | $5002959.00   | 4.39%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ Inc                                                        | AZZ Inc                                  | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |     18450 | NS      | $1743156.00   | 1.53%             |  |  |  | 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