# EDGAR Filing Document

**Accession Number:** 0000811860
**File Stem:** 0001193125-26-024000
**Filing Date:** 2026-1
**Character Count:** 20605
**Document Hash:** c18c5e2838788d29ba8bf2dda83b1eaf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-024000.hdr.sgml**: 20260127

**ACCESSION NUMBER**: 0001193125-26-024000

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260127

**DATE AS OF CHANGE**: 20260127

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SATURNA INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0000811860

**ORGANIZATION NAME:**
- **EIN:** 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:** 26564036

**BUSINESS ADDRESS:**
- **STREET 1:** 1300 NORTH STATE STREET
- **CITY:** BELLINGHAM
- **STATE:** WA
- **ZIP:** 98225-4730
- **BUSINESS PHONE:** 360-734-9900

**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

### Saturna Sustainable Bond Fund (Series ID: S000048620)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000153268 | Saturna Sustainable Bond Fund | SEBFX           |

## 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:** Saturna Sustainable Bond Fund

- **b. EDGAR series identifier (if any):** S000048620

- **c. LEI of Series:** 549300AZDXV23MHKFV54

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

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-11-30

**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:** $60182765.51

**Total Liabilities:** $35637.81

**Net Assets:** $60147127.70

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 2147.167624519746 | **1-Year:** 1973.209386095837 | **5-Year:** 6735.751747351566 | **10-Year:** 4778.326907124650 | **30-Year:** 443.655917995619

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.131650345000 | **1-Year:** 980.221446746695 | **5-Year:** 851.522429822601 | **10-Year:** 133.130548952505 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000153268 | 1.04%                | 0.00%                | 0.62%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-82079.12               | $423412.15                                 |
| Month 2  | $-903.75                 | $-196753.49                                |
| Month 3  | $70113.92                | $26456.27                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Starbucks Corp.                                              | SBUX 2.45 06/15/26         | CUSIP: 855244AK5<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |    1200000 | PA      | $1189551.98   | 1.98%             | 2026-06-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Axa SA                                                       | AXASA V5.125 01/17/47 EMTN | CUSIP: F0609NBB3<br>LEI: F5WCUMTUM4RKZ1MAIE39 | Long             | DBT              | CORP              | FR        |    2750000 | PA      | $2764527.52   | 4.60%             | 2047-01-17      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Relx Capital Inc.                                            | RELLN 4 03/18/29           | CUSIP: 74949LAC6<br>LEI: 2R15C3RTKJN1RCBOV146 | Long             | DBT              | CORP              | US        |     400000 | PA      | $399104.22    | 0.66%             | 2029-03-18      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Stora Enso Oyj                                               | STERV 7.25 04/15/36 144A   | CUSIP: 86210MAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | FI        |     500000 | PA      | $561700.35    | 0.93%             | 2036-04-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Roche Holdings, Inc.                                         | ROSW 2.625 05/15/26 144A   | CUSIP: 771196BK7<br>LEI: PVJRP0EQNV6OGDPZGY95 | Long             | DBT              | CORP              | US        |     200000 | PA      | $198756.25    | 0.33%             | 2026-05-15      | Fixed         | 2.62%                 | Yes           |                  2 | On Loan: No      |
| International Bank for Reconstruction & Development          | IBRD 4.25 01/22/26 EMTN    | CUSIP: U4586HGL1<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |   20000000 | PA      | $1083416.20   | 1.80%             | 2026-01-22      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                                    | TD 1.128 12/09/25          | CUSIP: 89117FYZ6<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |     500000 | PA      | $357685.06    | 0.59%             | 2025-12-09      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| Natura Cosmeticos S A                                        | NATURA 4.125 05/03/28 REGS | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | BR        |    2000000 | PA      | $1889897.60   | 3.14%             | 2028-05-03      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Prologis, L.P.                                               | PLD 1.25 10/15/30          | CUSIP: 74340XBR1<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |     500000 | PA      | $437871.70    | 0.73%             | 2030-10-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| WLB Asset II C Pte Ltd                                       | WLBASC 3.9 12/23/25 144A   | CUSIP: N/A<br>LEI: 549300QP5TA3PCYZ7Y92       | Long             | DBT              | CORP              | SG        |     500000 | PA      | $496715.18    | 0.83%             | 2025-12-23      | Fixed         | 3.90%                 | Yes           |                  2 | On Loan: No      |
| Perusahaan Penerbit Surat Berharga Syariah Indonesia III     | INDOIS 3.55 06/09/51 REGS  | CUSIP: 71567RAT3<br>LEI: 254900G208H6Q0L5B953 | Long             | DBT              | NUSS              | ID        |     500000 | PA      | $366250.00    | 0.61%             | 2051-06-09      | Fixed         | 3.55%                 | Yes           |                  2 | On Loan: No      |
| MAF Global Securities Ltd.                                   | MAFUAE V7.875 PERP         | CUSIP: G5S64MAG1<br>LEI: 54930037VUDNYTS17017 | Long             | DBT              | CORP              | KY        |     847000 | PA      | $879806.00    | 1.46%             | 2500-12-31      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| International Bank for Reconstruction & Development          | IBRD 5 01/22/26 EMTN       | CUSIP: U4586HGN7<br>LEI: N/A                  | Long             | DBT              | NUSS              | XX        |    6000000 | PA      | $1107614.48   | 1.84%             | 2026-01-22      | Fixed         | 0.21%                 | No            |                  2 | On Loan: No      |
| First Abu Dhabi Bank P.J.S.C                                 | FABUH 5.125 10/13/27 emtN  | CUSIP: N/A<br>LEI: 2138002Y3WMK6RZS8H90       | Long             | DBT              | CORP              | AE        |    1750000 | PA      | $1782852.61   | 2.96%             | 2027-10-13      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Asian Development Bank                                       | ASIA 6 02/05/26 GMTN       | CUSIP: Y000A9K92<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |   14000000 | PA      | $2579240.72   | 4.29%             | 2026-02-05      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Chile (Republic Of)                                          | CHILE 4.34 03/07/42        | CUSIP: 168863DY1<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |     500000 | PA      | $448550.00    | 0.75%             | 2042-03-07      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| Commonwealth Bank of Australia                               | CBAAU F 12/23/26 MTN       | CUSIP: Q2692URM8<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |     850000 | PA      | $557021.56    | 0.93%             | 2026-12-23      | Floating      | 4.14%                 | No            |                  2 | On Loan: No      |
| Munich Reinsurance AG                                        | MUNRE V1 05/26/42          | CUSIP: D5557XAC3<br>LEI: 529900MUF4C20K50JS49 | Long             | DBT              | CORP              | DE        |    2600000 | PA      | $2589618.16   | 4.31%             | 2042-05-26      | Fixed         | 1.00%                 | Yes           |                  2 | On Loan: No      |
| European Investment Bank                                     | EIB 4.5 02/16/28 EMTN      | CUSIP: L32482EG9<br>LEI: N/A                  | Long             | DBT              | NUSS              | XX        |   46000000 | PA      | $2343685.04   | 3.90%             | 2028-02-16      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Stora Enso Oyj                                               | STERV 7.25 04/15/36 REGS   | CUSIP: X8662DAW7<br>LEI: 7437000ZP669LKUTZ738 | Long             | DBT              | CORP              | FI        |     300000 | PA      | $337020.22    | 0.56%             | 2036-04-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Export-Import Bank of Korea                                  | EIBKOR 5.125 01/11/33      | CUSIP: 302154DW6<br>LEI: 549300APVP4R32PI3Y06 | Long             | DBT              | NUSS              | KR        |     500000 | PA      | $528273.77    | 0.88%             | 2033-01-11      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| International Bank for Reconstruction & Development          | IBRD 5 10/07/26 GMTN       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | XX        | 4000000000 | PA      | $1020089.78   | 1.70%             | 2026-10-07      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Abu Dhabi Future Energy Company - PJSC - Masdar              | MASDAR 4.875 07/25/29 EMTN | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | AE        |    2000000 | PA      | $2038889.92   | 3.39%             | 2029-07-25      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Nokia Corp                                                   | NOKIA 4.375 08/21/31 EMTN  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | FI        |    2000000 | PA      | $2439089.02   | 4.06%             | 2031-08-21      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| International Finance Corp.                                  | IFC 7.02 04/06/28 GMTN     | CUSIP: U4R843HZ8<br>LEI: N/A                  | Long             | DBT              | NUSS              | XX        |   10000000 | PA      | $526687.06    | 0.88%             | 2028-04-06      | Fixed         | 7.02%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH                                  | CT CTSHSG 5.92 11/15/2055  | CUSIP: 20775H7Z0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     250000 | PA      | $252724.90    | 0.42%             | 2055-11-15      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH                                  | CT CTSHSG 5.8 11/15/2045   | CUSIP: 20775H7X5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     250000 | PA      | $252152.58    | 0.42%             | 2045-11-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| National Central Cooling Company PJSC (Tabreed)              | TABRED 5.279 03/05/30      | CUSIP: M8T08RAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | AE        |    2000000 | PA      | $2056088.60   | 3.42%             | 2030-03-05      | Fixed         | 5.28%                 | Yes           |                  2 | On Loan: No      |
| ILLINOIS HSG DEV AUTH                                        | IL ILSHSG 5.93 10/01/2050  | CUSIP: 45203MN64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     500000 | PA      | $503323.25    | 0.84%             | 2050-10-01      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| International Finance Corp.                                  | IFC 7 07/20/27 GMTN        | CUSIP: U4R843CL4<br>LEI: N/A                  | Long             | DBT              | NUSS              | XX        |    5000000 | PA      | $268190.26    | 0.45%             | 2027-07-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| African Development Bank                                     | AFDB V5.75 PERP            | CUSIP: 008281BF3<br>LEI: N/A                  | Long             | DBT              | NUSS              | XX        |    2500000 | PA      | $2506017.50   | 4.17%             | 2500-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| RELX Finance BV                                              | RELLN 0.875 03/10/32       | CUSIP: N7S84NJT6<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |    1000000 | PA      | $1008372.24   | 1.68%             | 2032-03-10      | Fixed         | 0.88%                 | Yes           |                  2 | On Loan: No      |
| First Nations Finance Authority Inc.                         | FNFACA 4.05 06/01/35       | CUSIP: 32117DAF1<br>LEI: N/A                  | Long             | DBT              | MUN               | CA        |    1500000 | PA      | $1101281.97   | 1.83%             | 2035-06-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY                                          | OH OHSHSG 6.22 09/01/2055  | CUSIP: 67756UEU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     500000 | PA      | $519455.75    | 0.86%             | 2055-09-01      | Fixed         | 6.22%                 | No            |                  2 | On Loan: No      |
| United Utilities Group PLC                                   | UU 6.875 08/15/28          | CUSIP: 91311QAC9<br>LEI: 213800KYT12UFB2VE455 | Long             | DBT              | CORP              | GB        |    1400000 | PA      | $1496785.37   | 2.49%             | 2028-08-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Queensland Treasury Corporation                              | QTC 2.5 03/06/29           | CUSIP: Q7943QXB0<br>LEI: 98INKCEEHOU5YJS0HQ88 | Long             | DBT              | NUSS              | AU        |    1750000 | PA      | $1089861.90   | 1.81%             | 2029-03-06      | Fixed         | 2.50%                 | Yes           |                  2 | On Loan: No      |
| Koninklijke KPN N.V.                                         | KPN 8.375 10/01/30         | CUSIP: 780641AH9<br>LEI: 549300YO0JZHAL7FVP81 | Long             | DBT              | CORP              | NL        |    2250000 | PA      | $2641772.88   | 4.39%             | 2030-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| State Street Corp.                                           | STT F 06/15/47             | CUSIP: 857477AY9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    3000000 | PA      | $2649774.84   | 4.41%             | 2047-06-15      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| Telecom Italia Capital S.A.                                  | TITIM 6 09/30/34           | CUSIP: 87927VAM0<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     250000 | PA      | $256779.50    | 0.43%             | 2034-09-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Telecom Italia S.p.A.                                        | TITIM 1.625 01/18/29 EMTN  | CUSIP: T9344YAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | IT        |    2100000 | PA      | $2326244.80   | 3.87%             | 2029-01-18      | Fixed         | 1.62%                 | Yes           |                  2 | On Loan: No      |
| Fs Luxembourg SARL                                           | FSBIOE 8.875 02/12/31 REGS | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | LU        |    2000000 | PA      | $2066124.00   | 3.44%             | 2031-02-12      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Coty Inc / Hfc Prestige Prods Inc / Hfc Pretige Intl U S LLC | COTY 6.625 07/15/30 144A   | CUSIP: 22207AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1000000 | PA      | $1027637.00   | 1.71%             | 2030-07-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-30

**Name of Applicant:** SATURNA INVESTMENT TRUST

**Signature:** Christopher Fankhauser

**Name of Signer:** Christopher Fankhauser

**Title:** Treasurer