Sextant Core Fund

As of November 24, 2020
Ticker
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Change
YTD
30-Day Yield
AUM

Overview

Investment Style

  • Targeted to investors seeking long-term capital appreciation
  • Diversified across industries and companies
  • Tactical allocation of stocks and bonds
  • Value investment style, favoring income-producing securities of more seasoned companies
  • Balanced approach moderated by secondary objective of capital preservation
 
Sextant Core Fund Ship's Wheel Logo

Investment Objective

Long-term appreciation and capital preservation.

Principal Investment Strategies

The Fund invests in a mix of equity and debt securities. It normally invests 40% of its assets in equity securities of US companies, 20% in foreign equity securities, and 40% in investment grade fixed income securities (those rated Baa or higher, including government and convertible bonds) including money market instruments and cash. When selecting equities, the Fund follows a value investment style and principally invests in income-producing securities of companies with market capitalizations greater than $5 billion.

Portfolio Managers


Christopher E. Paul MBA, CFA®
Portfolio Manager since 2016
Bryce Fegley MS, CFA®, CIPM®
Portfolio Manager since 2020

Performance

Short Term Performance

As of October 31, 2020 Ticker 3 Month 6 Month YTD
Sextant Core SCORX -0.57% 6.99% 1.38%
Dow Jones Moderate Portfolio 0.48% 9.82% 0.52%

Average Annual Total Returns

Month-end, as of October 31, 2020 Ticker 1 Year 3 Year 5 Year 10 Year Expense Ratio² 30-Day Yield¹
Sextant Core SCORX 4.44% 5.69% 6.45% 5.59% 0.90% 0.94%
Dow Jones Moderate Portfolio 4.28% 5.07% 6.60% 6.75% n/a n/a
Quarter-end, as of September 30, 2020 Ticker 1 Year 3 Year 5 Year 10 Year Expense Ratio² 30-Day Yield¹
Sextant Core SCORX 7.76% 6.88% 7.60% 5.97% 0.90% 1.13%
Dow Jones Moderate Portfolio 6.48% 5.67% 7.59% 7.05% 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 27, 2020.

Growth of $10,000

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Sextant Core Fund 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.

The Dow Jones Moderate Portfolio Index is a broad-based index of stock and bond prices that reflects no deductions for fees, expenses, or taxes. Investors cannot invest directly in the index.

Distributions

Record Date Ex, Pay and
Reinvest Date
Ordinary
Income
Qualified
Income
Short-Term
Capital Gains
Long-Term
Capital Gains
Total Distributions
(per share)
12/18/2019 12/19/2019 $0.01230 $0.19230 $0.04110 $0.57640 $0.82210
12/26/2018 12/27/2018 $0.02900 $0.14400 $0.00 $0.00 $0.17300
12/28/2017 12/29/2017 $0.02527 $0.14697 $0.00 $0.00 $0.17223
11/29/2017 11/30/2017 $0.00068 $0.00255 $0.00 $0.00 $0.00323
12/29/2016 12/30/2016 $0.03543 $0.13328 $0.00 $0.00 $0.16871

The Sextant Core 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.

Fees & Minimums

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
Management Fees (vary with performance) 0.62%
Other Expenses 0.28%
Total Annual Fund Operating Expenses 0.90%

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).

Minimum Initial Investment

The minimum initial investment is $1,000 (for tax-sheltered accounts, there is no minimum).

Literature

Summary Prospectus

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Prospectus

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Annual Report

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Semi-Annual Report

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Statement of Additional Information

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Principal Risks of Investing in the Fund

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. Larger companies may have slower rates of growth as compared to smaller, faster-growing companies. Smaller companies may have more limited financial resources, products, or services, and tend to be more sensitive to changing economic or market conditions. 

Interest rate risk: Investing in bonds includes the risk that as interest rates rise, bond prices will fall. Conversely, during periods of declining interest rates bond prices generally rise, but bond issuers may call or prepay the bond and reissue debt at lower interest rates. The longer a bond's maturity, the more sensitive the bond is to interest rate changes.

Credit risk: Investing in bonds includes the risk that an issuer will not pay interest or principal when due, or the issuer may default altogether. If an issuer's credit quality is perceived to decline, the value and liquidity of the issuer's bonds may also decline.

Foreign investing risk: Foreign investing involves risks not normally associated with US securities. These risks 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 investing heightens the risk of confiscatory taxation, seizure or nationalization of assets, currency controls, or adverse political or social developments that affect investments.

Liquidity risk: Liquidity risk exists when particular investments are difficult to sell and may be more difficult to value. If the Fund is forced to sell these investments during unfavorable conditions to meet redemptions or for other cash needs, the Fund may lose money on its investments. As a result, the Fund may be unable to achieve its objective.

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