UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS
OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number: 811-05071
SATURNA INVESTMENT TRUST
(Exact Name of Registrant as Specified in Charter)
1300 N. State Street
Bellingham, Washington 98225-4730
(Address of Principal Executive Offices, including ZIP Code)
Nicholas F.
Kaiser
1300 N. State Street
Bellingham, Washington 98225-4730
(Name and Address of Agent for Service)
Registrant’s Telephone Number- (360) 734-9900
Date of fiscal year end: November
30, 2008
Date of reporting period: February 29, 2008
Item 1. Schedule
of Investments
Saturna Investment Trust, Sextant
Core Fund |
||||
| Common Stock | Quantity |
Market Value |
% Portfolio |
Industry |
| AT&T | 900 |
$31,347 |
0.85% |
Telecommunctns - Services |
| Adobe Systems | 800 |
$26,920 |
0.73% |
Computer - Software |
| Alcoa | 1,400 |
$51,996 |
1.41% |
Metal Ores - Non Ferrous |
| Anglo American PLC ADR | 1,119 |
$35,495 |
0.96% |
Metal Ores - Gold |
| Apple | 500 |
$62,510 |
1.70% |
Computer - Mini/Micro |
| Australia & New Zealand Banking | 350 |
$35,000 |
0.95% |
Banks - Foreign |
| BASF AG ADS | 200 |
$25,280 |
0.69% |
Chemicals - Diversified |
| Berkley WR Corp | 100,000 |
$103,112 |
2.80% |
Insurance - Propt/Casul/Title |
| Berkshire Hathaway Financial | 85,000 |
$88,395 |
2.40% |
Insurance - Multi Line |
| BHP Billiton Ltd. ADS | 650 |
$47,567 |
1.29% |
Metal Ores - Non Ferrous |
| Black & Decker Corp. | 350 |
$24,070 |
0.65% |
Tools - Hand Held |
| CRH PLC ADS | 600 |
$22,560 |
0.61% |
Building - Cement/Concrete/Ag |
| CSX Corp. | 95,000 |
$101,572 |
2.76% |
Transportation - Rail |
| Canadian National Railway | 800 |
$42,224 |
1.15% |
Transportation - Rail |
| Canon ADS | 600 |
$26,916 |
0.73% |
Office Automation |
| China Mobile ADS | 500 |
$37,310 |
1.01% |
Telecommunctns - Cellular |
| Chubb | 750 |
$38,175 |
1.04% |
Insurance - Propt/Casul/Title |
| ConocoPhillips | 750 |
$62,033 |
1.68% |
Oil & Gas - U S Integrated |
| Duke Realty | 400 |
$9,168 |
0.25% |
Real Estate - Equity REITs |
| Enel ADS | 600 |
$32,040 |
0.87% |
Utility - Electric Power |
| FPL Group | 600 |
$36,174 |
0.98% |
Utility - Electric Power |
| Federal Home Loan Bank | 100,000 |
$100,760 |
2.73% |
Finance - Mrtg & R.E. Service |
| Fedex | 400 |
$35,252 |
0.96% |
Transportation - Air Freight |
| Freeport-McMoRan Copper & Gold, | 200 |
$20,172 |
0.55% |
Metal Ores - Misc |
| Frontier Financial | 3,000 |
$44,940 |
1.22% |
Banks - West |
| Genentach Inc | 150,000 |
$154,843 |
4.20% |
Medical - Drugs |
| General Electric Capital Corp | 100,000 |
$107,256 |
2.91% |
Finance - Services |
| General Mills | 1,000 |
$55,990 |
1.52% |
Food - Misc Preparation |
| GlaxoSmithKline PLC ADS | 500 |
$21,955 |
0.60% |
Medical - Drugs |
| Harris | 550 |
$26,857 |
0.73% |
Telecommunctns - Equip |
| Hewlett-Packard | 1,000 |
$47,770 |
1.30% |
Computer - Mini/Micro |
| Honeywell International | 850 |
$48,909 |
1.33% |
Diversified Operations |
| IDACORP | 900 |
$26,820 |
0.73% |
Utility - Electric Power |
| ING Groep NV ADS | 400 |
$13,324 |
0.36% |
Insurance - Multi Line |
| Johnson & Johnson | 700 |
$43,372 |
1.18% |
Medical - Supplies |
| Kimberly-Clark | 625 |
$40,738 |
1.11% |
Paper & Paper Products |
| LAN Airlines SA ADS | 3,000 |
$40,140 |
1.09% |
Transportation - Airline |
| Eli Lilly | 650 |
$32,513 |
0.88% |
Medical - Drugs |
| Lowe's Companies | 900 |
$21,573 |
0.59% |
Buildg Prods - Retail/Whlsle |
| McGraw-Hill | 1,000 |
$40,930 |
1.11% |
Publishing - Books |
| Motorola Inc. | 100,000 |
$81,812 |
2.22% |
Telecommunctns - Equip |
| Nike, Class B | 900 |
$54,180 |
1.47% |
Shoes & Related Apparel |
| Nomura Holdings ADR | 700 |
$10,962 |
0.30% |
Finance - Investment Bkrs |
| Norsk Hydro ASA ADS | 2,000 |
$28,000 |
0.76% |
Oil & Gas - Intl Integrated |
| Novartis AG ADR | 300 |
$14,745 |
0.40% |
Medical - Drugs |
| Novo Nordisk A/S ADS | 400 |
$27,348 |
0.74% |
Medical - Drugs |
| Nucor | 800 |
$51,656 |
1.40% |
Steel - Producers |
| Orient-Express Hotels Ltd., Class A | 1,000 |
$54,170 |
1.47% |
Hotels & Motels |
| Panamerican Beverages (KOF) | 94,000 |
$98,309 |
2.67% |
Beverages - Soft Drink |
| Parker Hannifin | 450 |
$29,084 |
0.79% |
Instruments - Control |
| Pearson PLC ADS | 2,100 |
$27,804 |
0.75% |
Publishing - Books |
| PepsiCo | 1,000 |
$69,560 |
1.89% |
Beverages - Soft Drink |
| Petro-Canada | 800 |
$38,432 |
1.04% |
Oil & Gas - Canadn Integrated |
| Pfizer | 1,900 |
$42,332 |
1.15% |
Medical - Drugs |
| Praxair | 700 |
$56,196 |
1.53% |
Chemicals - Specialty |
| Procter & Gamble | 900 |
$59,562 |
1.62% |
Cosmetics & Toiletries |
| RPM International | 1,000 |
$20,910 |
0.57% |
Buildg Prods - Retail/Whlsle |
| Rockwell Collins | 400 |
$23,560 |
0.64% |
Aerospace - Equipment |
| Staples | 90,000 |
$99,137 |
2.69% |
Office Equip & Supplies |
| StatoilHydo ASA ADS | 603 |
$18,416 |
0.50% |
Oil & Gas - Intl Integrated |
| Taiwan Semiconductor ADS | 1,507 |
$14,678 |
0.40% |
Elec Components - Semicondtrs |
| Telefonica SA ADS | 500 |
$43,370 |
1.18% |
Utility - Telephone |
| Telefonos de Mexico, Class L ADS | 1,200 |
$39,840 |
1.08% |
Utility - Telephone |
| 3M | 600 |
$47,040 |
1.28% |
Diversified Operations |
| Tomkins PLC ADS | 750 |
$10,118 |
0.27% |
Diversified Operations |
| Toronto-Dominion Bank | 550 |
$36,867 |
1.00% |
Banks - Foreign |
| Toyota Motor ADS | 200 |
$21,710 |
0.59% |
Auto/Truck - Mfg Foreign |
| Unilever PLC ADS | 1,600 |
$50,368 |
1.37% |
Food - Misc Preparation |
| US T Bond 5.25% 11/15/28 | 187,000 |
$208,549 |
5.66% |
U S Government |
| US T-Note | 110,000 |
$114,323 |
3.10% |
U S Government |
| US T-Note 4.875% 5/31/08 | 98,000 |
$98,704 |
2.68% |
U S Government |
| US T-Note 4.50% 11/30/11 | 98,000 |
$106,307 |
2.88% |
U S Government |
| United Technologies | 525 |
$37,018 |
1.00% |
Aerospace - Equipment |
| UnitedHealth Group | 1,000 |
$46,480 |
1.26% |
Medical - Hlth Maint Orgs |
| Noble | 800 |
$39,320 |
1.07% |
Oil & Gas - Offshore Drillng |
TOTAL |
$3,684,840 |
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Item 2. Controls and Procedures
Internal control over financial reporting is
under the supervision of the principal executive
and financial officers. On April 3, 2008,
Mr. Nicholas Kaiser (President) and Mr. Christopher
Fankhauser (Treasurer), reviewed the internal
control procedures for Saturna Investment Trust
and found them reasonable and adequate.
Item 3. Exhibits
Certification of Principal Executive Officer and Principal Financial
Officer of the Registrant as required by Rule 30a-2(a) under the Investment
Company
Act of 1940 (17 CFR 270.30a-2(a)) is attached hereto as Exhibit 99CERT.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and
the Investment Company Act of 1940, the registrant has duly caused this
report to be signed on its behalf by the undersigned, thereunto duly
authorized.
SATURNA INVESTMENT TRUST
By:
/s/ Nicholas Kaiser
Nichola Kaiser, President
Date: April 15, 2008
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By:
/s/ Nicholas Kaiser
Nicholas Kaiser, President
Date: April 15, 2008
By:
/s/ Christopher Fankhauser
Christopher Fankhauser, Treasurer
Date: April 15, 2008
