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Sextant Bond Income Fund
Sextant Growth Fund Overview
 

No Transaction Fee

Objective
 Seeks long-term capital appreciation and capital preservation.

Strategy
The Core Fund invests in a mix of common stocks and other equity securities, plus bonds and other debt securities including shortterm (money market) instruments. The stocks and bonds in the Core Fund are generally issues included in the Sextant Growth, International, Bond Income and Short-Term Bond Funds, and are selected using the same strategies. Under normal circumstances, the Core Fund invests approximately 40% of its assets in equities of U.S. companies, 20% in foreign equities (limited to those that trade and settle in the U.S.), 25% in investment-grade debt securities (those rated BBB or higher, including government and convertible bonds) with maturities of three years or longer, and 15% in short-term debt securities including money market instruments and cash. To reduce risk, the Core Fund follows a value investment style, favoring income-producing securities and those of larger, more seasoned companies.

Risk
The Core Fund involves the risks of both equity and debt investing, although it seeks to mitigate these risks by maintaining a widely diversified portfolio that includes domestic stocks, foreign stocks, short and long term bonds, and money market instruments. The prices of equities are subject to market risk, and common stocks in particular may be subject to price declines that are steep, sudden, and/or prolonged. International equities involve additional risks, such as currency exchange rates, less transparency and non-standard reporting, and varying financial, social and political standards. Governments can affect investments with confiscatory taxation, seizure of assets, exchange controls, and other restrictions on capital movement. Debt investments have interest rate risk, as bonds generally drop in price when rates increase. Debt investments also entail 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.

Fund Manager - Peter Nielsen This link will open a new window.

  
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Annual Returns
 

Quarter Ending 3/31/2009

Sextant Core Fund Volatility Chart

Note: Highest return for a quarter was +6.5% (quarter ending Sept. 30, 2007)
Lowest return for a quarter was -9.2% (quarter ending Dec. 31, 2008)

The Sextant Core Fund began operations on March 30, 2007.

  
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Performance
 

Quarter-End Average Annual Total Returns
as of 3/31/2009

Note: The Sextant Core Fund began operations on March 30, 2007.
Return Before Taxes
Return After Taxes on Distributions
Return After Taxes on
Distributions & Sale of
Fund Shares
1 Year
-21.27%
-21.77%
-13.68%
3 Year
N/A
N/A
N/A
5 Year
N/A
N/A
N/A
10 Year
N/A
N/A
N/A
Life of Fund
-9.90%
-10.39%
-8.58%

Read more about after-tax returns.

  
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Expense Ratio & Turnover Rate
 

As of 3/27/2009

Maximum Sales Charge (Load) On Purchases: 0%
Maximum Deferred Sales Charge: 0%
Early Redemption Fee (on shares held less than 90 days): 2%
Expense Ratio: 1.54%
Portfolio Turnover Rate: 16%
 
  
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Fund Facts & Features
 

Fund Facts     Fund Features  
Fiscal Year End
November 30
   Minimum Initial Investment
$1,000
CUSIP
804096600
   Minimum Retirement
$100
Net Assets (05/31/2009)
$3.6 Million
   Minimum Additional Investment
$25
Fund Inception
Mar. 30, 2007
   Retirement Accounts
Yes
Fund Symbol
SCORX
   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 90 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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