Investment Objective
Long-term capital growth.
Investment Approach
The Saturna International Fund diversifies its investments among many countries, predominantly those with mature markets (such as Europe and Canada), and may invest in companies in emerging markets. The Fund normally invests at least 80% of its net assets in equity securities with growing revenues and earnings, trading below the adviser’s assessment of intrinsic value.
- Targeted to investors seeking long-term capital growth
- Generally large-cap, and can invest in foreign stocks with market capitalizations greater than $1 billion
- Value investment style, favoring income-producing securities of more seasoned companies
- Incorporates a sustainable investing focus and generally avoids companies primarily engaged in alcohol, tobacco, pornography, weapons, gambling, and fossil fuel extraction, production, or refining
|
Ticker | 3 Month | 6 Month | YTD |
|---|---|---|---|---|
| Saturna International Investor | SSIFX | -3.16% | -4.27% | 11.39% |
| Saturna International Z | SIFZX | -3.10% | -4.10% | 11.62% |
| Bloomberg Developed Markets ex US Large & Mid Cap Index | DMXUT | -1.32% | 3.67% | 10.34% |
|
Bloomberg Developed Markets ex US Large & Mid Cap Total Return Index is a float market-cap-weighted equity benchmark that covers the top 85% of market cap of the measured market. Investors cannot invest directly in the Index. | ||||
|
Ticker | 1 Year | 3 Year | 5 Year | 10 Year | Expense Ratio2 | 30-Day Yield1 |
|---|---|---|---|---|---|---|---|
| Saturna International Investor | SSIFX | 6.59% | 17.58% | 6.48% | 10.68% | 1.01% | 0.81% |
| Saturna International Z | SIFZX | 6.88% | 17.86% | 6.73% | n/a | 0.80% | 1.05% |
| Bloomberg Developed Markets ex US Large & Mid Cap Index | DMXUT | 14.97% | 21.16% | 9.64% | 10.06% | n/a | n/a |
|
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 1-800-728-8762. 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. 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 30, 2026. | |||||||
|
Ticker | 1 Year | 3 Year | 5 Year | 10 Year | Expense Ratio2 | 30-Day Yield1 |
|---|---|---|---|---|---|---|---|
| Saturna International Investor | SSIFX | 16.70% | 19.34% | 8.06% | 10.85% | 1.01% | 0.98% |
| Saturna International Z | SIFZX | 16.98% | 19.63% | 8.31% | n/a | 0.80% | 1.22% |
| Bloomberg Developed Markets ex US Large & Mid Cap Index | DMXUT | 16.56% | 19.49% | 10.30% | 9.87% | n/a | n/a |
|
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 1-800-728-8762. 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. 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 30, 2026. | |||||||
Growth 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.
Holdings
as of 10/30/2026
Top Ten Holdings
| Holding | % of Net Assets |
|---|---|
| TAIWAN SEMICONDUCTOR ADS | 6.1% |
| FERGUSON ENTERPRISES INC | 4.8% |
| CRH PLC | 4.6% |
| ASML HOLDING NY | 4.6% |
| ANZ GROUP HOLDINGS | 4.5% |
| Holding | % of Net Assets |
|---|---|
| ESSILORLUXOTTICA | 4.3% |
| KOMATSU LTD. | 4% |
| SAMSUNG ELECTRONICS | 3.9% |
| ALTIUS MINERALS CORP COM ISIN | 3.8% |
| FUJIKURA LTD | 3.8% |
*Current portfolio holdings may not be indicative of future portfolio holdings.
1 Percentage of total investments includes all stocks, plus cash minus all short positions.
2 Total represents the difference between the long exposure and the short exposure, which produces the net exposure.
| Holding | Market Value | Quantity |
|---|---|---|
| TAIWAN SEMICONDUCTOR ADS | $7,286,784 | 17,942 |
| FERGUSON ENTERPRISES INC | $5,799,924 | 24,300 |
| CRH PLC | $5,539,410 | 61,000 |
| ASML HOLDING NY | $5,486,914 | 3,504 |
| ANZ GROUP HOLDINGS | $5,421,832 | 189,200 |
| ESSILORLUXOTTICA | $5,112,718 | 25,000 |
| KOMATSU LTD. | $4,725,612 | 122,360 |
| SAMSUNG ELECTRONICS | $4,723,972 | 28,900 |
| ALTIUS MINERALS CORP COM ISIN | $4,575,076 | 129,751 |
| FUJIKURA LTD | $4,562,461 | 188,321 |
| ALINMA BANK | $4,535,369 | 785,471 |
| AGNICO-EAGLE MINES | $4,399,108 | 26,600 |
| FUJI ELECTRIC CO., LTD. | $4,369,285 | 56,842 |
| CHUBB | $4,187,380 | 11,500 |
| KANSAI PAINT CO., LTD. | $4,010,783 | 218,000 |
| AIR PRODUCTS & CHEMICALS | $3,800,324 | 12,010 |
| PRYSMIAN S.P.A. | $3,344,728 | 27,142 |
| HERMES INTERNATIONAL | $3,324,258 | 2,300 |
| SAP ADS | $3,244,451 | 13,805 |
| ABB LTD REG | $2,789,777 | 32,500 |
| Holding | Market Value | Quantity |
|---|---|---|
| LINDE | $2,608,740 | 5,073 |
| SANDOZ GROUP AG | $2,441,341 | 24,472 |
| NOVO NORDISK ADS | $2,419,240 | 60,481 |
| SCHNEIDER ELECTRIC | $2,285,898 | 8,615 |
| GIVAUDAN (REG) | $1,688,009 | 350 |
| ASSA ABLOY AB - B | $1,626,596 | 40,800 |
| HEXAGON AB | $1,597,800 | 143,717 |
| EATON CORP PLC | $1,317,093 | 3,560 |
| ASTRAZENECA PLC | $1,245,889 | 6,675 |
| SAMSUNG BIOLOGICS CO., LTD. | $1,178,321 | 1,070 |
| DANONE SA | $1,095,079 | 15,000 |
| BANCO SANTANDER S.A. | $959,697 | 85,000 |
| DELTA ELECTRONICS | $946,746 | 23,600 |
| KURITA WATER INDUSTRIES LTD. | $905,512 | 25,600 |
| SCHNEIDER ELECTRIC ADR | $900,315 | 17,100 |
| SIEMENS ADR | $872,313 | 5,896 |
| DOLLARAMA INC. | $683,372 | 4,600 |
| GLAXOSMITHKLINE ADS | $506,685 | 10,234 |
| CASH & EQUIVALENTS | $2,694,225 | 0 |
Sector Allocation
| Sector | % of Net Assets |
|---|---|
| Industrials | 25.5% |
| Materials | 22.3% |
| Technology | 21.9% |
| Financials | 12.6% |
| Sector | % of Net Assets |
|---|---|
| Health Care | 10.8% |
| Consumer Discretionary | 2.8% |
| Consumer Staples | 1.5% |
| Other | 2.3% |
*Current portfolio holdings may not be indicative of future portfolio holdings.
1 Percentage of total investments includes all stocks, plus cash minus all short positions.
2 Total represents the difference between the long exposure and the short exposure, which produces the net exposure.
Security and sector weightings are shown as a percentage of total net assets.
Distributions
| Record Date | Ex, Pay and Reinvest Date | Ordinary Income | Qualified Income | Short-Term Capital Gains | Long-Term Capital Gains | Total Distributions (per share) |
|---|---|---|---|---|---|---|
| 03/17/2026 | 03/18/2026 | $0.00 | $0.072 | $0.00 | $0.00 | $0.072 |
| 12/17/2025 | 12/18/2025 | $0 | $0.13 | $0.09 | $3.506 | $3.726 |
| 12/18/2024 | 12/19/2024 | $0 | $0.02 | $0.00 | $0.118 | $0.138 |
| 12/20/2023 | 12/21/2023 | $0 | $0.12 | $0.00 | $0.00 | $0.12 |
| Record Date | Ex, Pay and Reinvest Date | Ordinary Income | Qualified Income | Short-Term Capital Gains | Long-Term Capital Gains | Total Distributions (per share) |
|---|---|---|---|---|---|---|
| 03/17/2026 | 03/18/2026 | $0.00 | $0.0553 | $0.00 | $0.00 | $0.0553 |
| 12/17/2025 | 12/18/2025 | $0 | $0.073 | $0.09 | $3.506 | $3.669 |
| 12/18/2024 | 12/19/2024 | $0.00 | $0.00 | $0.00 | $0.118 | $0.118 |
| 12/20/2023 | 12/21/2023 | $0 | $0.075 | $0.00 | $0.00 | $0.075 |
The Saturna International Fund intends to distribute its net investment income and net realized capital gains, if any, to its shareowners. Distributions from income dividends and net capital gains are paid at the end of the year.
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.
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)
| None |
Annual Fund Operating Expenses
(expenses that you pay each year as a percentage of the value of your investment)
Investor Shares | Z Shares | |
| Management Fees | 0.50% | 0.50% |
| Distribution (12b-1) Fees | 0.25% | None |
| Other Expenses | 0.26% | 0.30% |
| Total Annual Fund Operating Expenses1 | 1.01% | 0.75% |
1 The adviser has contractually agreed through March 31, 2027, to waive fees and/or reimburse expenses of the Fund's Z Shares to the extent necessary to ensure that the net operating expenses of the Fund’s Z Shares, excluding brokerage commissions, taxes, and extraordinary expenses, do not exceed the net operating expense ratio of 0.75%. This expense limitation agreement may be changed or terminated only with approval of the Board of Trustees.
When you buy shares through a financial intermediary, that intermediary may charge a transaction fee or commission which is not reflected in the expenses table. Purchases and redemptions of Fund shares will be made at the daily net asset value established by the Fund (before imposition of a commission).
Investment Minimum
| The minimum initial investment for both Investor Shares and Z Shares is $1,000 (for tax-sheltered accounts, there is no minimum). |