Three Saturna Funds Receive IBD’s Best Mutual Funds of 2021 Awards
Amana Growth, Sextant International, and Sextant Bond Income Among Funds Recognized
Los Angeles, Calif. (March 22, 2021) – Investor’s Business Daily has announced that Amana Growth, Sextant International, and Sextant Bond Income Funds are among the recipients of their Best Mutual Funds 2021 Awards for long-term performance.
Amana Growth Fund was among the finalists in three categories – Best Growth Stock Funds, Best Large-Cap Funds, and Best US Diversified Funds. Sextant International appeared in the list of Best International Funds and Sextant Bond Income was on the list of Best US Taxable Bond Funds.
“At Saturna Capital, we follow a long-term, value-oriented, and sustainable approach to investing, striving to deliver strong and consistent investment returns to our shareholders despite what the markets might throw at us,” said Jane Carten, president of Saturna Capital. “We are honored to be recognized for our efforts.”
“We’re pleased to be acknowledged for providing value to our shareowners, especially after a year as volatile as 2020,” says Scott Klimo, Saturna’s chief investment officer and portfolio manager of the Amana Growth Fund. “Awards like these help us to differentiate our firm by demonstrating our long track record of success and consistent performance.”
Meet the Portfolio Managers
Scott Klimo CFA®
Chief Investment Officer
Portfolio Manager, Amana Growth Fund
Christopher E. Paul MBA, CFA®
Portfolio Manager, Sextant International Fund
Elizabeth Alm CFA®
Portfolio Manager, Sextant Bond Income Fund
About Amana Funds
Since 1986, the Amana Funds have served Muslim American investors and have garnered appeal beyond this demographic, growing to over $4.6 billion in assets as the largest fund family of its kind in the US. To ensure the Amana Funds’ investments meet the requirements of the Islamic faith, Saturna Capital engages Amanie Advisors Sdn Bhd, a leading consultant specializing in Islamic finance.
About Sextant Funds
Formed in 1995, the Sextant Funds provide basic elements to build a low-expense, balanced investment program emphasizing a value approach to investing. With more than $188 million in assets under management, the Sextant Funds’ investment process focuses on fundamentals at both the issuer and industry level, seeking issuers with sustainable competitive advantages, high-quality operations (including diverse and high-functioning management teams), strong free cash flows, attractive growth rates, increasing dividends, low price volatility, and low debt.
About Investor’s Business Daily’s Best Mutual Funds Awards 2021
For a fund to receive an award, it must outperform a benchmark selected by Investor’s Business Daily over the 10-year period ended December 31, 2020. Amana Growth Fund outperformed the S&P 500 Index for the Best Growth Stock Funds, Best Large-Cap Funds, and Best US Diversified Mutual Funds categories. It was rated among 506 Growth Stock Funds, 700 Large-Cap Funds, and 1,286 US Diversified Mutual Funds. Sextant International Fund outperformed the MSCI EAFE Index and was rated among 585 International Mutual Funds. Sextant Bond Income Fund outperformed the Bloomberg Barclays US Aggregate Bond Index and was rated among 668 US Taxable Bond Funds.
Performance Summary
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| Average Annual Returns as of 12/31/2020 | |||||
| 1 Year | 3 Year | 5 Year | 10 Year | Expense Ratio | |
| Amana Growth Investor Shares (AMAGX) | 32.86% | 21.89% | 20.25% | 14.36% | 0.99%¹ |
| Amana Growth Institutional Shares (AMIGX) | 33.19% | 22.19% | 20.53% | n/a | 0.76%¹ |
| S&P 500 Index | 18.40% | 14.14% | 15.20% | 13.87% | n/a |
| Sextant International Investor Shares (SSIFX) | 15.09% | 11.93% | 13.51% | 6.16% | 0.83%² |
| Sextant International Z Shares (SIFZX) | 15.32% | 12.20% | n/a | n/a | 0.63%² |
| MSCI EAFE Index | 8.28% | 4.78% | 7.96% | 6.00% | n/a |
| Sextant Bond Income (SBIFX) | 8.85% | 5.86% | 5.32% | 4.49% | 0.63%² |
| FTSE US Broad Investment Grade Bond Index | 7.74% | 5.44% | 4.51% | 3.87% | n/a |
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| Average Annual Returns as of 03/31/2021 | |||||
| 1 Year | 3 Year | 5 Year | 10 Year | Expense Ratio | |
| Amana Growth Investor Shares (AMAGX) | 59.45% | 22.80% | 20.78% | 14.40% | 0.99%¹ |
| Amana Growth Institutional Shares (AMIGX) | 59.81% | 23.08% | 21.06% | n/a | 0.76%¹ |
| S&P 500 Index | 56.35% | 16.73% | 16.28% | 13.90% | n/a |
| Sextant International Investor Shares (SSIFX) | 43.05% | 10.99% | 12.62% | 5.84% | 0.83%² |
| Sextant International Z Shares (SIFZX) | 43.30% | 11.26% | n/a | n/a | 0.63%² |
| MSCI EAFE Index | 45.15% | 6.58% | 9.37% | 6.01% | n/a |
| Sextant Bond Income (SBIFX) | 0.44% | 4.16% | 3.17% | 3.70% | 0.63%² |
| FTSE US Broad Investment Grade Bond Index | 0.76% | 4.72% | 3.16% | 3.46% | n/a |
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1 Expense ratios for Amana Growth Fund are restated to reflect a reduction in the Advisory and Administrative Services fee, which became effective on December 1, 2020.
² Expense ratios shown for Sextant International Fund and Sextant Bond Income Fund are as stated in the Fund's most recent prospectus or summary prospectus dated March 30, 2021.
Performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of investments in the Fund fluctuate daily and an investor's shares, when redeemed, may be worth more or less than the original cost and you may lose money. Current performance may be higher or lower than performance data quoted herein. Performance data current to the most recent month-end may be obtained by calling toll free 1-800-728-8762 or by visiting www.saturna.com.
Please consider an investment’s objectives, risks, charges, and expenses carefully before investing. To obtain a free prospectus or summary prospectus that contains this and other important information about Saturna’s affiliated funds, call toll free 800-728-8762 or visit www.saturna.com. Please read the prospectus or summary prospectus carefully before investing.
The Amana Mutual Funds limit the securities they purchase to those consistent with Islamic and sustainable principles. This limits opportunities and may affect performance.
Investing involves risk, including possible loss of principal. Generally, an investment that offers a higher potential return will have a higher risk of loss. Stock prices fluctuate, sometimes quickly and significantly, for a broad range of reasons that may affect individual companies, industries, or sectors. When interest rates rise, bond prices fall. When interest rates fall, bond prices go up. A bond fund's price will typically follow the same pattern. Investing in foreign securities involves risks not typically associated directly with investing in US securities. These risks include currency and market fluctuations, and political or social instability.