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

Scott Klimo CFA®
Chief Investment Officer
Portfolio Manager, Amana Growth Fund

More About Mr. Klimo ▼

Scott Klimo, Vice President & 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 30 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 20 years working as a senior analyst, research director and portfolio manager covering global equities. Mr. Klimo is a Chartered Financial Analyst (CFA) charterholder and an avid cyclist. He is a supporter of various environmental organizations and served for several years on the Board of Directors of the Marin County Bicycle Coalition.

Christopher Paul

Christopher E. Paul MBA, CFA®
Portfolio Manager, Sextant International Fund

More About Mr. Paul ▼

Christopher E. Paul, Senior Investment Analyst, joined Saturna Capital in August 2016. He earned an MBA Finance from New York University and a BS Computer Science from Syracuse University. Mr. Paul is a Chartered Financial Analyst® (CFA®) charterholder and Portfolio Manager of the Sextant Core Fund. His experience includes research and management positions at asset management firms and investment banks, as well as finance and operations roles at technology companies. Outside of work, Mr. Paul is either reading or outdoors exploring the Pacific Northwest with his family.

Elizabeth Alm

Elizabeth Alm CFA®
Portfolio Manager, Sextant Bond Income Fund

More About Ms. Alm ▼

Elizabeth Alm, Senior Investment Analyst, joined Saturna Capital in April of 2018. Originally from Connecticut, she graduated from New York University with degrees in Economics and Anthropology including field work completed in Luxor, Egypt. Prior to joining Saturna, Ms. Alm spent 11 years at Wells Fargo Asset Management as a senior research analyst focusing on high yield municipal bonds. As part of her previous role, she also worked on the management of several municipal SMA strategies. Ms. Alm is a Chartered Financial Analyst® (CFA®) charterholder. Outside of work she enjoys mountaineering, photography, and international travel.

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.

Learn more about Amana Funds »

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.

Learn more about Sextant Funds »

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

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 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.