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Sextant Bond Income Fund
Sextant Growth Fund Overview
 

No Transaction Fee

Objective
Current income.

Strategy
The Bond Income Fund invests primarily in marketable debt securities. The Bond Income Fund’s current policy is to maintain a dollar-weighted average maturity* of ten years or more. The Bond Income Fund invests at least 65% of assets in bonds rated within the three highest grades (AAA, AA or A); and may not invest in a security rated at time of purchase below the fourth highest grade (BBB).

Risk
The risks inherent in the Bond Income Fund depend primarily on the terms and quality of the obligations in its portfolio, as well as on bond market conditions. When interest rates rise, bond prices fall. When interest rates fall, bond prices go up. Bonds with longer maturities, such as those held by the Bond Income Fund, usually are more sensitive to interest rate changes than bonds with shorter maturities. The Fund entails credit risk, which is the possibility that a bond will not be able to pay interest or principal when due. If the credit quality of a bond is perceived to decline, investors will demand a higher yield, which means a lower price on that bond to compensate for the higher level of risk.

*The sum of the market value of each bond times its number of years to anticipated maturity, divided by the portfolio’s total market value.

Fund Manager - Phelps McIlvaine This link will open a new window.

  
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Annual Returns
 

Quarter Ending 03/31/2008

Sextant Bond Income Fund Variability of Returns Chart

Note: Highest return for a quarter was +5.9% (quarter ending Sep. 30, 2002)
Lowest return for a quarter was -3.6% (quarter ending Jun. 30, 2004).

  
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Morningstar Ratings™
 
Number of Funds in Category
Overall 2 Stars 984
3-Year 2 Stars 984
5-Year 2 Star 832
10-Year 3 Stars 439

Morningstar Category: Intermediate-Term Bond || Rankings as of 04/30/2008

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. These ratings change monthly. The top 10% of funds in an investment category receive five stars, the next 22.5% receive four stars, the next 35% receive three stars, the next 22.5% receive two stars, and the bottom 10% receive one star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Ratings. Morningstar does not guarantee the accuracy of this information.

  
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Performance
 

Quarter-End Average Annual Total Returns
as of 03/31/2008
Return Before Taxes
Return After Taxes on Distributions
Return After Taxes on
Distributions & Sale of
Fund Shares
1 Year
5.41%
3.70%
3.57%
3 Year
3.79%
2.16%
2.16%
5 Year
3.39%
1.79%
1.76%
10 Year
5.33%
3.27%
2.84%
Life of Fund
5.36%
3.57%
2.82%

Read more about after-tax returns.

  
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Expense Ratio & Turnover Rate
 

As of 03/28/2008

Maximum Sales Charge (Load) On Purchases: 0%
Maximum Deferred Sales Charge: 0%
Early Redemption Fee (on shares held less than 30 days): 2%
Expense Ratio: 1.38%
Portfolio Turnover Rate: 22%
 
  
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Fund Facts & Features
 

Fund Facts     Fund Features  
Fiscal Year End
November 30
   Minimum Initial Investment
$1,000
CUSIP
804096303
   Minimum Retirement
$100
Net Assets (04/30/2008)
$3.5 Million
   Minimum Additional Investment
$25
Fund Inception
Sept. 28, 1995
   Retirement Accounts
Yes
Fund Symbol
SBIFX
   Check Writing
Yes

 
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Performance data quoted represents past performance which is no guarantee of future results. Investment return and principal value of an investment fluctuate daily and an investor's shares, when redeemed, may be worth more or less than the original cost. The Adviser has absorbed, currently or in the past, certain Fund expenses, without which total returns would have been lower. Returns do not reflect the potential deduction of a 2% redemption fee on shares held less than 30 calendar days. Current performance may be higher or lower than performance data quoted herein. Standardized returns current to the most recent month-end can be obtained by visiting our Average Annual Returns Page or by calling toll free 1-800-SATURNA. Please carefully consider an investment's objectives, risks, charges and expenses before investing. You can find this and other important information on the Sextant Funds in the prospectus. Please read it carefully before investing.


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