# EDGAR Filing Document

**Accession Number:** 0000811860
**File Stem:** 0001145549-23-003763
**Filing Date:** 2023-1
**Character Count:** 13967
**Document Hash:** 84e7b2e1f2c4e86000343a11b1b46733
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-003763.hdr.sgml**: 20230127

**ACCESSION NUMBER**: 0001145549-23-003763

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230127

**DATE AS OF CHANGE**: 20230127

**PERIOD START**: 20221130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SATURNA INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0000811860
- **IRS NUMBER:** 356447892
- **STATE OF INCORPORATION:** WA
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05071
- **FILM NUMBER:** 23561453

**BUSINESS ADDRESS:**
- **STREET 1:** 1300 NORTH STATE STREET
- **CITY:** BELLINGHAM
- **STATE:** WA
- **ZIP:** 98225-4730
- **BUSINESS PHONE:** 3607349900

**MAIL ADDRESS:**
- **STREET 1:** 1300 NORTH STATE STREET
- **CITY:** BELLINGHAM
- **STATE:** WA
- **ZIP:** 98225-4730

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NORTHWEST INVESTORS TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NORTHWEST INVESTORS TAX EXEMPT BUSINESS TRUST
- **DATE OF NAME CHANGE:** 19901024

## Series and Classes Contracts Data

### SEXTANT GROWTH FUND (Series ID: S000004771)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000012974 | Sextant Growth Fund Investor Shares | SSGFX           |
| C000188907 | Sextant Growth Fund Z Shares        | SGZFX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** SATURNA INVESTMENT TRUST

- **b. Investment Company Act file number:** 811-05071

- **c. CIK number of Registrant:** 0000811860

- **d. LEI of Registrant:** 549300DUR2XVDJBC5412

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1300 NORTH STATE STREET

  - **City:** BELLINGHAM

  - **State:** WA

  - **Foreign country:** US

  - **Zip / Postal Code:** 982254730

  - **Telephone number:** 3607349900

**Item A.2. Information about the Series.**

- **a. Name of Series:** Sextant Growth Fund

- **b. EDGAR series identifier (if any):** S000004771

- **c. LEI of Series:** 54930026SAOIBUGQV545

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2022-11-30

- **b. Date as of which information is reported:** 2022-11-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $54940104.44

**Total Liabilities:** $60761.98

**Net Assets:** $54879342.46

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000012974 | -9.49%               | 6.27%                | 5.79%                |
| Class ID C000188907 | -9.45%               | 6.28%                | 5.80%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-85322.25               | $-4994545.50                               |
| Month 2  | $124313.07               | $2925897.99                                |
| Month 3  | $-403369.69              | $3430618.83                                |

### Schedule of Portfolio Investments

| Name                           | Title                          | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Abbott Laboratories            | Abbott Laboratories            | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     20799 | NS      | $2237556.42   | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe                          | Adobe                          | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      4450 | NS      | $1534938.50   | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices         | Advanced Micro Devices         | CUSIP: 007903107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3500 | NS      | $271705.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp                 | Albemarle Corp                 | CUSIP: 012653101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3000 | NS      | $833970.00    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Class A              | Alphabet, Class A              | CUSIP: 02079K305<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31680 | NS      | $3199363.20   | 5.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com                     | Amazon.com                     | CUSIP: 023135106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26980 | NS      | $2604649.20   | 4.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health                | Elevance Health                | CUSIP: 036752103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2250 | NS      | $1199070.00   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple                          | Apple                          | CUSIP: 037833100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34700 | NS      | $5136641.00   | 9.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific              | Boston Scientific              | CUSIP: 101137107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12000 | NS      | $543240.00    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva                        | Corteva                        | CUSIP: 22052L104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27500 | NS      | $1846900.00   | 3.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale               | Costco Wholesale               | CUSIP: 22160K105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3509 | NS      | $1892228.25   | 3.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Edwards Lifesciences           | Edwards Lifesciences           | CUSIP: 28176E108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10500 | NS      | $811125.00    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International        | Honeywell International        | CUSIP: 438516106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3750 | NS      | $823312.50    | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's                         | Lowe's                         | CUSIP: 548661107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11200 | NS      | $2380560.00   | 4.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica            | Lululemon Athletica            | CUSIP: 550021109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2000 | NS      | $760620.00    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard, Class A            | Mastercard, Class A            | CUSIP: 57636Q104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8914 | NS      | $3176949.60   | 5.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft                      | Microsoft                      | CUSIP: 594918104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18920 | NS      | $4827248.80   | 8.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage               | Monster Beverage               | CUSIP: 61174X109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16100 | NS      | $1656046.00   | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions             | Motorola Solutions             | CUSIP: 620076307<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6000 | NS      | $1633200.00   | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Nike, Class B                  | Nike, Class B                  | CUSIP: 654106103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10276 | NS      | $1127174.44   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA                         | NVIDIA                         | CUSIP: 67066G104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2900 | NS      | $490767.00    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive            | O'Reilly Automotive            | CUSIP: 67103H107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1300 | NS      | $1123902.00   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle                         | Oracle                         | CUSIP: 68389X105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17500 | NS      | $1453025.00   | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Paypal                         | Paypal                         | CUSIP: 70450Y103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12000 | NS      | $940920.00    | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Qualcomm                       | Qualcomm                       | CUSIP: 747525103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3700 | NS      | $468013.00    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM International              | RPM International              | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |     18000 | NS      | $1865160.00   | 3.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker                        | Stryker                        | CUSIP: 863667101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3000 | NS      | $701670.00    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Companies                  | TJX Companies                  | CUSIP: 872540109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19000 | NS      | $1520950.00   | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments              | Texas Instruments              | CUSIP: 882508104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6600 | NS      | $1191036.00   | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Trimble                        | Trimble                        | CUSIP: 896239100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17000 | NS      | $1015750.00   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Horizon Therapeutics Plc       | Horizon Therapeutics Plc       | CUSIP: G46188101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18000 | NS      | $1805220.00   | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International | Johnson Controls International | CUSIP: G51502105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22500 | NS      | $1494900.00   | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-27

**Name of Applicant:** SATURNA INVESTMENT TRUST

**Signature:** Christopher Fankhauser

**Name of Signer:** Christopher Fankhauser

**Title:** Treasurer