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Sextant International Fund
Sextant Growth Fund Overview
 

No Transaction Fee

Objective
Long-term capital growth.

Strategy
The International Fund diversifies its investments among many countries, favoring those with mature markets (such as Europe and Canada). The Fund invests at least 65% of its assets in such securities. It currently limits its investments to those securities of foreign issuers that trade and settle in the U.S. (such as American Depositary Receipts). The International Fund diversifies its investments across industries and companies, and generally follows a value investment style. The Fund favors 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.

Risk
The International Fund involves risks not typically associated with investing in U.S. securities. These include fluctuations in currency exchange rates, less public information about securities, less governmental market supervision, and lack of uniform financial, social and political standards. Foreign countries have risk of confiscatory taxation, seizure or nationalization of assets, establishment of exchange controls, adoption of government restrictions, or adverse political or social developments that affect investments. By limiting itself to foreign securities traded in the U.S., the International Fund reduces some of these risks but also reduces the opportunities available, especially from small companies and emerging markets.

Fund Manager - Nicholas Kaiser This link will open a new window.

  
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Annual Returns
 

Quarter Ending 03/31/2008

Sextant International Fund Variability of Returns Chart

Note: Highest return for a quarter was +33.4% (quarter ending Dec. 31, 1999)
Lowest return for a quarter was -25.1% (quarter ending Sept. 30, 2002)

  
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Morningstar Ratings™
 
Number of Funds in Category
Overall 4 Stars 561
3-Year 4 Stars 561
5-Year 4 Stars 455
10-Year 3 Stars 235

Morningstar Category: Foreign Large Blend || 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
8.566%
8.15%
7.26%
3 Year
16.09%
15.87%
13.93%
5 Year
23.58%
23.39%
21.00%
10 Year
8.24%
7.82%
6.97%
Life of Fund 10.50% 10.11% 9.17%

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: 1.50%
Portfolio Turnover Rate: 8%
 
  
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Fund Facts & Features
 

Fund Facts     Fund Features  
Fiscal Year End
November 30
   Minimum Initial Investment
$1,000
CUSIP
804096501
   Minimum Retirement
$100
Net Assets (04/30/2008)
$15.1 Million
   Minimum Additional Investment
$25
Fund Inception
Sept. 28, 1995
   Retirement Accounts
Yes
Fund Symbol
SSIFX
   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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