|As of June 30, 2016|
|Net Assets:||$9.16 Million|
|Minimum Initial Investment:||$1,000|
Portfolio Manager since 2008
Peter Nielsen, Senior Investment Analyst & Sextant Core Fund Portfolio Manager, joined Saturna Capital in June 2007. Born in 1964 in British Columbia, he graduated from Trinity Western University with a degree in Business Administration and earned an MBA from Simon Fraser University. A Chartered Financial Analyst® (CFA®) charterholder, Mr. Nielsen worked for BC Investment Management Corporation and Aquilini Investments before coming to Bellingham. Mr. Nielsen is a member of the Western Washington University College of Business and Economics Advisory Board. He enjoys bicycling, tennis, hiking and his family.
Deputy Portfolio Manager since 2015
Bryce Fegley, Tactician, Investment Analyst & Sextant Global High Income Fund Portfolio Manager, joined Saturna Capital in 2001 and worked in brokerage/trading and later as an investment analyst. Beginning in 2010, he spent two years as President of our Malaysian subsidiary, Saturna Sdn Bhd, directing its research and fund management operations. In 2012 he returned to Saturna Capital headquarters. Prior to joining Saturna, Mr. Fegley worked in brokerage operations in Seattle from 1997-2000. Originally from upstate New York, he studied at the University of Colorado at Boulder earning his BA in English Literature. Mr. Fegley earned a Certificate in Computational Finance and Risk Management from the University of Washington in 2015. His volunteer activities include a board role with the Whatcom Family YMCA. His hobbies include reading and playing piano, traveling with his family, bicycling, and cooking.
Targeted to investors seeking long-term capital appreciation
Diversified across industries and companies
Tactical allocation of stocks and bonds
Value investment style, favoring income-producing securities of more seasoned companies
Balanced approach moderated by secondary objective of capital preservation
Actively managed by the award-winning, values-based, global expertise of Saturna Capital
Long-term appreciation and capital preservation.
Principal Investment Strategies
The Core Fund invests in a mix of equity and debt securities. It normally invests 40% of its assets in equity securities of US companies, 20% in foreign equity securities, 25% in investment grade debt securities with maturities of three years or longer, and 15% in short-term debt securities with maturities of less than three years, including money market instruments and cash. The Fund follows a value investment style, principally investing in income producing securities of more seasoned companies.
Principal Risks of Investing
Market risk: The value of the Fund's shares rises and falls as the market value of the securities in which the Fund invests goes up and down. The market value of securities will fluctuate, sometimes significantly and unpredictably, with stocks generally being more volatile than bonds. When you redeem your shares, they may be worth more or less than what you paid for them. Only consider investing in the Fund if you are willing to accept the risk that you may lose money.
Equity securities risk: Equity securities may experience significant volatility in response to economic or market conditions or adverse events that affect a particular industry, sector, or company. Although the Fund may invest in companies of all sizes, the Fund tends to favor larger companies and, to a lesser extent, midsize companies. Larger companies may have slower rates of growth as compared to smaller, faster-growing companies. Midsize companies may have more limited financial resources, products, or services, and tend to be more sensitive to changing economic or market conditions.
Interest rate risk: Investing in bonds includes the risk that as interest rates rise, bond prices will fall. Conversely, during periods of declining interest rates bond prices generally rise, but bond issuers may call or prepay the bond and reissue debt at lower interest rates. The longer a bond’s maturity, the more sensitive the bond is to interest rate changes.
Credit risk: Investing in bonds includes the risk that an issuer will not pay interest or principal when due, or the issuer may default altogether. If an issuer's credit quality is perceived to decline, the value and liquidity of the issuer's bonds may also decline.