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Sextant  Mutual Funds Navigating Today's Volatile Markets

Sextant Growth Fund

Overview

Fund Facts

As of September 30, 2016
Net Assets: $35.95 Million
Ticker Symbol: SSGFX
CUSIP: 804096105
Inception Date: April 1, 1987†
Minimum Initial Investment: $1,000
30-Day Yield¹: 0.42%

† The Sextant Growth Fund began operation under its current objective Sept. 28, 1995. Previously, it was the Northwest Growth Fund.

Portfolio Manager

Scott Klimo CFA®

Portfolio Manager since 2015

Scott Klimo, Chief Investment Officer, joined Saturna Capital in May 2012. He received his BA in Asian Studies from Hamilton College in Clinton, NY and also attended the Chinese University of Hong Kong and the Mandarin Training Center in Taipei, Taiwan. Scott has over 25 years experience in the financial industry with the first several years of his career spent living and working in a variety of Asian countries and the past 10 years working as a senior analyst, research director and portfolio manager covering global equities. Mr. Klimo is a chartered financial analyst (CFA) charterholder and a private pilot. He is a supporter of various environmental organizations and served for several years on the Board of Directors of the Marin County Bicycle Coalition. Outside of work Mr. Klimo is an avid cyclist and scuba diver; pursuits he shares with his wife and two teenage children.

Tyler Howard MBA, CFA®

Deputy Portfolio Manager since 2015

Tyler Howard, Investment Analyst, joined Saturna Capital in June 2012. He earned his MBA from Western Washington University and his BS in Business Administration from California State University of Monterey Bay. Mr. Howard is a Chartered Financial Analyst® (CFA®) charterholder. Prior to joining Saturna, he worked for five years as a Research Associate and Consultant at a small-cap, value-oriented wealth manager. In his spare time, he enjoys reading, playing golf, sports, and spending time with his wife and two high-maintenance dogs.

Investment Style

Targeted to investors seeking long-term capital growth

Generally large-cap, but can invest in any capitalization domestic stocks

Diversified across industries and companies

Actively managed by the award-winning, values-based, global expertise of Saturna Capital

Investment Objective

Long-term capital growth.

Principal Investment Strategies

The Growth Fund seeks capital growth by investing in common stocks of US companies. The Fund diversifies its investments across industries and companies and generally follows a value investment style. The Fund looks for companies with growing revenues and earnings, favoring companies trading for less than the adviser's assessment of intrinsic value, which typically means companies with low price/earning multiples, low price to cash flow, and higher dividend yields. The Fund may invest in securities of smaller or newer companies as well as those of well-seasoned companies of any size.

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 havemore limited financial resources, products, or services, and tend to be more sensitive to changing economic or market conditions. The Fund also tends to favor growth stocks, which tend to trade based on future earnings expectations, and may be more volatile than slower-growing value stocks, especially when market expectations are not met.

Performance

Daily Price and Stats

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As of December 02, 2016 Ticker Price Change YTD 30-Day Yield¹ Dividend
November 30, 2016
Sextant Growth SSGFX $22.42 $0.00 -1.68% 0.24%

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Average Annual Total Returns

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Month-end, as of November 30, 2016 Ticker 1 Year 3 Year 5 Year 10 Year Expense
Ratio²
30-Day
Yield¹
Sextant Growth SSGFX -3.22% 3.72% 10.21% 5.05% 0.90% 0.28%
S&P 500 Index 8.06% 9.05% 14.43% 6.88% n/a n/a
Russell 1000 Growth Index 4.21% 9.11% 14.13% 8.23% n/a n/a
Quarter-end, as of September 30, 2016 Ticker 1 Year 3 Year 5 Year 10 Year Expense
Ratio²
30-Day
Yield¹
Sextant Growth SSGFX 3.98% 6.62% 12.20% 5.73% 0.90% 0.42%
S&P 500 Index 15.43% 11.15% 16.35% 7.23% n/a n/a
Russell 1000 Growth Index 13.75% 11.81% 16.57% 8.84% n/a n/a

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Growth of $10,000

Growth of $10,000Growth of $10,000

This chart illustrates the performance of a hypothetical $10,000 invested at the beginning of the period and redeemed at the end of the period, and assumes reinvestment of all dividends and capital gains.

Annual Total Returns

As of September 30, 2016

Annual Total ReturnsAnnual Total Returns

The S&P 500 is an index comprised of 500 widely held common stocks considered to be representative of the US stock market in general. The Russell 1000 Growth Index measures the performance of the large-cap growth segment of the US equity universe. It includes those Russell 1000 Index companies with higher price-to-book ratios and higher forecasted growth values.

Holdings

As of September 30, 2016

Top Ten Holdings

Apple 5.4%
TJX Companies 4.9%
Facebook, Class A 4.6%
Alphabet, Class A 4.5%
Starbucks 4.2%
Nike, Class B 3.6%
Amazon.com 3.6%
RPM International 3.5%
Stanley Black & Decker 3.4%
Adobe Systems 3.3%
Total 41.0%

View full month-end portfolio schedule. This link will open a new browser window.

Sector Allocation

Consumer Discretionary 36.1% 19.9% Sextant Growth Fund Sector Allocation
Technology 11.7% color box key
Health Care 11.5% color box key
Communications 9.1% color box key
Financials 8.3% color box key
Consumer Staples 5.8% color box key
Materials 4.5% color box key
Industrials 4.1% color box key
Cash and equivalents 8.9% color box key

Security and sector weightings are shown as a percentage of total net assets.

Distributions

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Record Date Ex, Pay and
Reinvest Date
Ordinary
Income
Qualified
Income
Short-Term
Capital Gains
Long-Term
Capital Gains
Total Distributions
(per share)
Sextant Growth (SSGFX)
11/29/2016 11/30/2016 $0.00 $0.02000 $0.00 $0.71708 $0.73708
11/27/2015 11/30/2015 $0.00 $0.03540 $0.00 $2.06500 $2.10040
11/26/2014 11/28/2014 $0.00 $0.01272 $0.00 $1.44514 $1.45786
11/27/2013 11/29/2013 $0.00 $0.12800 $0.00 $2.28364 $2.41164
11/29/2012 11/30/2012 $0.00 $0.08255 $0.00 $0.00 $0.08255
11/29/2011 11/30/2011 $0.00 $0.09170 $0.00 $0.01205 $0.10375
11/29/2010 11/30/2010 $0.00 $0.04830 $0.00 $0.00 $0.04830
11/27/2009 11/30/2009 $0.00363 $0.00 $0.00 $0.00 $0.00363

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The Sextant Growth Fund intends to distribute its net investment income and net realized capital gains, if any, to its shareowners. Distributions from net capital gains are paid at the end of November; income dividends are paid at the end of November — as a result of its investment strategy, the Growth Fund may not pay income dividends.

Distributions for the last five years are listed in the table above. For prior distributions, please contact a Saturna representative.

Regulations regarding distributions can be complex, and there are several methods for managing your tax liability. Please consult a tax advisor about your particular circumstances. You also may obtain helpful information by calling the Internal Revenue Service at 1-800-829-1040 or visiting www.irs.gov.

If applicable, distribution information will appear on Form 1099-DIV, typically sent in late January. For more information on tax documentation, please visit our Tax Documentation page.

The Fund pays per-share distributions to shareowners invested on the Record Date. On the Payable Date, the fund's share price is reduced by the amount of its distribution.

Fees and Expenses

The following tables describe the fees and expenses mutual fund shareowners may pay. There are no shareowner fees (fees paid directly from an investment). The Fund imposes no sales charge (load) on purchases or reinvested dividends, or any deferred sales charge (load) upon redemption. There are no exchange fees or account fees. Investments in mutual funds are subject to ongoing expenses. Saturna endeavors to keep these fees low. We encourage you to compare the following fees with similar fees of other no-load mutual funds:

Shareowner Fees (fees paid directly from your investment)
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price): 0%
Maximum Deferred Sales Charge (Load): 0%
Maximum Sales Charge (Load) Imposed on Reinvested Dividends/Distributions: 0%
Early Redemption Fee: 0%
Exchange Fee (between Saturna's affiliated funds): 0%
Maximum Account Fee: 0%
Annual Fund Operating Expenses (expenses deducted from Fund Assets)²
Sextant Growth SSGFX
Management Fees3 0.47%
Distribution (12b-1) Fees 0.25%
Other Expenses 0.18%
Total Annual Fund Operating Expenses3 0.90%

¹ A Fund's 30-Day Yield, sometimes referred to as "standardized yield" or "SEC yield,” is expressed as an annual percentage rate using a method of calculation adopted by the Securities and Exchange Commission (SEC). The 30-Day Yield provides an estimate of a Fund's investment income rate, but may not equal the actual income distribution rate.

² Expense ratios shown are as stated in the Fund's most recent prospectus or summary prospectus dated March 29, 2016.

³ Please see the Statement of Additional Information for the actual amount of fees paid to the adviser for the most recent fiscal year.

Performance data quoted represents past performance which is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than performance data quoted. Standardized returns current to the most recent month-end can be obtained by visiting our Month-End Returns Page or by calling toll free 1-800-SATURNA. The Fund cannot guarantee that its investment objective will be met. Securities of the Fund are offered and sold only through the prospectus or summary prospectus.

Check out the background of Saturna Brokerage Services, Inc. or any firm or investment professional on FINRA's BrokerCheck.