Sextant Growth FundAs of September 25, 2020
- Targeted to investors seeking long-term capital growth
- Generally large-cap, and can invest in domestic stocks with market capitalizations greater than $1 billion
- Diversified across industries and companies
- Actively managed by the award-winning, values-based, global expertise of Saturna Capital
Long-term capital growth.
Principal Investment Strategies
The Growth Fund seeks capital growth by investing in common stocks of US companies. The Fund diversifies its investments across industries and companies. The Fund looks for companies with growing revenues and earnings, favoring 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. The Fund principally invests in securities of companies with market capitalizations greater than $1 billion.
Portfolio Manager since 2015
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 a private pilot. He is a supporter of various environmental organizations and served for several years on the Board of Directors of the Marin County Bicycle Coalition.Close
Deputy Portfolio Manager since 2018
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.Close
Short Term Performance
|As of August 31, 2020||Ticker||3 Month||6 Month||YTD|
|Sextant Growth Z Shares||SGZFX||22.54%||33.51%||25.32%|
|Sextant Growth Investor Shares||SSGFX||22.47%||33.39%||25.12%|
|S&P 500 Total Return||15.48%||19.63%||9.74%|
Average Annual Total Returns
|Month-end, as of August 31, 2020||Ticker||1 Year||3 Year||5 Year||10 Year||Expense Ratio²||30-Day Yield¹|
|Sextant Growth Z Shares||SGZFX||35.87%||22.93%||n/a||n/a||0.90%||0.31%|
|Sextant Growth Investor Shares||SSGFX||35.54%||22.64%||16.45%||14.90%||1.20%||0.09%|
|S&P 500 Total Return||21.94%||14.50%||14.44%||15.15%||n/a||n/a|
|Quarter-end, as of June 30, 2020||Ticker||1 Year||3 Year||5 Year||10 Year||Expense Ratio²||30-Day Yield¹|
|Sextant Growth Z Shares||SGZFX||19.04%||17.17%||n/a||n/a||0.90%||0.13%|
|Sextant Growth Investor Shares||SSGFX||18.72%||16.90%||11.58%||12.97%||1.20%||0.00%|
|S&P 500 Total Return||7.51%||10.72%||10.72%||13.98%||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
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 S&P 500 is an index comprised of 500 widely held common stocks considered to be representative of the US stock market in general. The Russell 1000 Growth Index measures the performance of the large-cap growth segment of the US equity universe. It includes those Russell 1000 Index companies with higher price-to-book ratios and higher forecasted growth values.
|Record Date||Ex, Pay and
|Investor Shares (SSGFX)|
|Z Shares (SGZFX)|
The Sextant Growth Fund intends to distribute its net investment income and net realized capital gains, if any, to its shareowners. Distributions from net capital gains are paid at the end of the year; income dividends are paid at the end of the year — as a result of its investment strategy, the Growth Fund may not pay income dividends.
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)
|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 (vary with performance)||0.69%||0.69%|
|Distribution (12b-1) Fees||0.25%||None|
|Total Annual Fund Operating Expenses||1.20%||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 for both Investor Shares and Z Shares is $1,000 (for tax-sheltered accounts, there is no minimum).
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.
Growth investing risk: The Fund may invest in growth stocks, which may be more volatile than slower-growing value stocks, especially when market expectations are not met.
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.