Saturna Investment Trust

Saturna Investment Trust, headquartered in Bellingham, WA is a business trust administering seven open-end management companies (mutual funds): Sextant Growth Fund (SSGFX), Sextant International Fund (SSIFX), Sextant Core Fund (SCORX), Sextant Global High Income Fund (SGHIX), Sextant Short-Term Bond Fund (STBFX), Sextant Bond Income Fund (SBIFX) and the Idaho Tax-Exempt Fund (NITEX).[1]

History

Saturna Investment Trust was established February 20, 1987, under the original name of Northwest Investors Tax-Exempt Business Trust. Its name was later changed to Northwest Investors Trust on October 12, 1990. The Trust adopted its current name of Saturna Investment Trust on September 28, 1995 at the time the Sextant Fund Series was created.[1]

The Trust administers the following seven funds:[2][3]

Idaho Tax-Exempt Fund

Sextant Growth Fund

Sextant Bond Income Fund

Sextant Short-Term Bond Fund

Sextant International Fund

Sextant Core Fund

Sextant Global High Income Fund

Performance

Performance of the Sextant Funds and the Idaho Tax Exempt Fund is best evaluated by consulting a variety of sources.

The ticker symbols for the funds are:

Organization and Structure

Saturna Capital Corporation is the investment advisor and administrator of the Saturna Investment Trust as well as the Amana Mutual Funds Trust. Saturna Capital Corporation, established in 1989, is administrator to $3.8 billion in assets under management as of September 11, 2012.[4]

Saturna Sdn. Bhd., located in Kuala Lumpur, Malaysia is a wholly owned subsidiary of Saturna Capital Corporation.[5]

Saturna Brokerage Services is the distributor of Saturna Investment Trust and is a wholly owned subsidiary of Saturna Capital Corporation.[3]

Saturna Trust Company, headquartered in Reno, NV is a wholly owned subsidiary of Saturna Capital Corporation.[6]

Board of Trustees and Officers [1]

Independent Trustees

  • John E. Love, Chairman (since 1987)
  • Ronald H. Fielding, MBA, CFA (since 2009)
  • Gary A. Goldfogel, MD (since 1995)
  • Herbert Grubel, PhD (since 2005)

Interested Trustee

  • Nicholas F. Kaiser, MBA, CFA, President (since 1990)

Officers Who Are Not Trustees

  • Phelps S. McIlvaine, Vice President (since 1994)
  • Ethel Bartholome, Secretary (since 2001)
  • Christopher R. Fankhauser, Treasurer (since 2002)
  • James D. Winship, Chief Compliance Officer (since 2004)

Portfolio Managers [7]

Nicholas Kaiser

The Sextant Growth Fund and Sextant International Fund portfolios have been managed since 1989 and 1995, respectively, by Nicholas Kaiser, MBA, CFA, (Founder, chairman and controlling shareowner of Saturna Capital Corporation). His educational background includes an economics degree from Yale College and a master's degree in business administration from the University of Chicago (1968) with dual majors in economics and finance.

Phelps McIlvaine

The Idaho Tax-Exempt Fund, Sextant Bond Fund and Sextant Short-Term Bond Fund portfolios have been managed since 1995 by Phelps McIlvaine (Director and vice president of Saturna Capital Corporation and chief financial officer of Saturna Brokerage Services). His educational background includes a BA in economics from the University of Denver, 1975 Phi Beta Kappa).

Peter Nielsen

The Sextant Core Fund has been managed by Peter Nielsen, MBA, CFA, since 2008. His educational background includes a BA in Business Administration from Trinity Western University (British Columbia) and a master’s degree in business administration from Simon Fraser University (British Columbia).

Bryce Fegley and John Scott

The Sextant Global High Income Fund has been jointly managed by Bryce Fegley, CFA, and John Scott, CFA, since 2012. Mr. Fegley joined Saturna Capital as a broker/trader in 2001 and later became an investment analyst. In 2010 he was promoted to president of Saturna's investment management subsidiary, Saturna Sdn. Bhd., located in Kuala Lumpur, Malaysia. He returned to Saturna Capital headquarters in Bellingham, Washington, in 2012. He holds a BA in English Literature from the University of Colorado at Boulder. Mr. Scott joined Saturna Capital as an investment analyst in 2009. He holds a BA in Business Administration with a concentration in finance from the University of Washington.

References

  1. 1 2 3 , www.sextantmutualfunds.com, Saturna Investment Trust, Sextant Statement of Additional Information, March 30, 2012.
  2. ↑ , www.idahotaxexemptfund.com, Idaho Tax Exempt Fund, Idaho Tax Exempt Fund Prospectus, March 30, 2012.
  3. 1 2 , www.sextantmutualfunds.com, Saturna Investment Trust, Sextant Funds Prospectus, March 30, 2012.
  4. ↑ Globe Newswire “Saturna Capital Expands Global Investment and Research Team.” NBCNews.com Sept. 11, 2012.
  5. ↑ http://www.saturna.com.my. Saturna Sdn. Bhd. http://www.saturna.com.my/about.shtml. September 14, 2010.
  6. ↑ http://www.saturnatrust.com. The Saturna Trust Company. http://www.saturnatrust.com/about.shtml., August 27, 2009.
  7. ↑ http://www.saturna.com. Saturna Capital Corporation. http://www.saturna.com/staff.shtml., September 19, 2012.

External links

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