# EDGAR Filing Document

**Accession Number:** 0000811860
**File Stem:** 0001145549-23-003770
**Filing Date:** 2023-1
**Character Count:** 18959
**Document Hash:** 630afb49c0ab803c3f3a4266d856694a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-003770.hdr.sgml**: 20230127

**ACCESSION NUMBER**: 0001145549-23-003770

**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:** 23561471

**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

### Saturna Sustainable Equity Fund (Series ID: S000048619)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000153267 | Saturna Sustainable Equity Fund | SEEFX           |

## 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 Equity Fund

- **b. EDGAR series identifier (if any):** S000048619

- **c. LEI of Series:** 549300WQW5C37OV3BE37

**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:** $19806056.52

**Total Liabilities:** $23833.16

**Net Assets:** $19782223.36

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000153267 | -7.71%               | 5.69%                | 8.32%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1.70                   | $-1444199.31                               |
| Month 2  | $10447.62                | $970624.70                                 |
| Month 3  | $-442998.39              | $1959451.11                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Adidas ADS                       | Adidas ADS                       | CUSIP: 00687A107<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |      3145 | NS      | $202883.95    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe                            | Adobe                            | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      1000 | NS      | $344930.00    | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple                            | Apple                            | CUSIP: 037833100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3028 | NS      | $448234.84    | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Assa Abloy ADR                   | Assa Abloy ADR                   | CUSIP: 045387107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44500 | NS      | $509525.00    | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Aviva PLC ADR                    | Aviva PLC ADR                    | CUSIP: 05382A302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45600 | NS      | $491112.00    | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| BioNTech SE                      | BioNTech SE                      | CUSIP: 09075V102<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |       800 | NS      | $133616.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| CGI Group Inc Class A            | CGI Group Inc Class A            | CUSIP: 12532H104<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      6000 | NS      | $523860.00    | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Danone ADS                       | Danone ADS                       | CUSIP: 23636T100<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |     31200 | NS      | $326664.00    | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Dassault Systemes ADR            | Dassault Systemes ADR            | CUSIP: 237545108<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |      7530 | NS      | $277254.60    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Company              | Walt Disney Company              | CUSIP: 254687106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2600 | NS      | $254462.00    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab                           | Ecolab                           | CUSIP: 278865100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1500 | NS      | $224745.00    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| GlaxoSmithKline ADS              | GlaxoSmithKline ADS              | CUSIP: 37733W204<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |      9200 | NS      | $318228.00    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Haleon Plc ADR                   | Haleon Plc ADR                   | CUSIP: 405552100<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |     11500 | NS      | $79235.00     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot                       | Home Depot                       | CUSIP: 437076102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1500 | NS      | $485985.00    | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                | Johnson & Johnson                | CUSIP: 478160104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2300 | NS      | $409400.00    | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| L'Oreal ADR                      | L'Oreal ADR                      | CUSIP: 502117203<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |      5400 | NS      | $401814.00    | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's                           | Lowe's                           | CUSIP: 548661107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2400 | NS      | $510120.00    | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard, Class A              | Mastercard, Class A              | CUSIP: 57636Q104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       860 | NS      | $306504.00    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft                        | Microsoft                        | CUSIP: 594918104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1438 | NS      | $366891.32    | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Nintendo ADR                     | Nintendo ADR                     | CUSIP: 654445303<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     56625 | NS      | $607586.25    | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis ADS                     | Novartis ADS                     | CUSIP: 66987V109<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |      4300 | NS      | $385108.00    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk ADS                 | Novo Nordisk ADS                 | CUSIP: 670100205<br>LEI: N/A                  | Long             | EC               | CORP              | DK        |      5100 | NS      | $635460.00    | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Novozymes A/S ADR                | Novozymes A/S ADR                | CUSIP: 670108109<br>LEI: N/A                  | Long             | EC               | CORP              | DK        |      6550 | NS      | $378524.50    | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Paypal                           | Paypal                           | CUSIP: 70450Y103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2900 | NS      | $227389.00    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer                           | Pfizer                           | CUSIP: 717081103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8000 | NS      | $401040.00    | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Reckitt Benckiser Group ADR      | Reckitt Benckiser Group ADR      | CUSIP: 756255204<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |     16700 | NS      | $244154.00    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holding ADS                | Roche Holding ADS                | CUSIP: 771195104<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |      9000 | NS      | $368280.00    | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric ADR           | Schneider Electric ADR           | CUSIP: 80687P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17100 | NS      | $499662.00    | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Shaw Communications Inc. Class B | Shaw Communications Inc. Class B | CUSIP: 82028K200<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      5000 | NS      | $136450.00    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens ADR                      | Siemens ADR                      | CUSIP: 826197501<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |      5300 | NS      | $367555.00    | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony ADS                         | Sony ADS                         | CUSIP: 835699307<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      4000 | NS      | $332280.00    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks                        | Starbucks                        | CUSIP: 855244109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3213 | NS      | $328368.60    | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| STMicroelectronics (NY shares)   | STMicroelectronics (NY shares)   | CUSIP: 861012102<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |      3900 | NS      | $151632.00    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Companies                    | TJX Companies                    | CUSIP: 872540109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5000 | NS      | $400250.00    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor ADS         | Taiwan Semiconductor ADS         | CUSIP: 874039100<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      1825 | NS      | $151438.50    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply                   | Tractor Supply                   | CUSIP: 892356106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2500 | NS      | $565775.00    | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Unicharm ADS                     | Unicharm ADS                     | CUSIP: 90460M204<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     40500 | NS      | $300510.00    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever ADS                     | Unilever ADS                     | CUSIP: 904767704<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |      6600 | NS      | $332508.00    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture, Class A               | Accenture, Class A               | CUSIP: G1151C101<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |      1600 | NS      | $481488.00    | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb                            | Chubb                            | CUSIP: H1467J104<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |      2000 | NS      | $439180.00    | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity                  | TE Connectivity                  | CUSIP: H84989104<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |      3200 | NS      | $403584.00    | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors               | NXP Semiconductors               | CUSIP: N6596X109<br>LEI: N/A                  | Long             | EC               | CORP              | NL        |      1800 | NS      | $316512.00    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolters Kluwer                   | Wolters Kluwer                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | NL        |      5000 | NS      | $545255.75    | 2.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Murata Manufacturing             | Murata Manufacturing             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      4000 | NS      | $217133.15    | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| DSM Koninklijke                  | DSM Koninklijke                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | NL        |      1928 | NS      | $247437.53    | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Legrand                          | Legrand                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | FR        |      6200 | NS      | $499867.57    | 2.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Vestas Wind Systems              | Vestas Wind Systems              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | DK        |     11000 | NS      | $282775.76    | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Johnson Matthey                  | Johnson Matthey                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | GB        |     21031 | NS      | $527520.60    | 2.67%             |  |  |  | No            |                  2 | 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