# EDGAR Filing Document

**Accession Number:** 0000811860
**File Stem:** 0001145549-25-049940
**Filing Date:** 2025-7
**Character Count:** 16993
**Document Hash:** f4a39eafb77ea073ae0cac99884d6e50
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-049940.hdr.sgml**: 20250730

**ACCESSION NUMBER**: 0001145549-25-049940

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250730

**DATE AS OF CHANGE**: 20250730

**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:** 251165121

**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 Short-Term Bond Fund (Series ID: S000022511)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000065112 | Saturna Short-Term Bond Fund | STBFX           |

## 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 Short-Term Bond Fund

- **b. EDGAR series identifier (if any):** S000022511

- **c. LEI of Series:** 549300WJJ8Z2FG4M0C17

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

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

- **b. Date as of which information is reported:** 2025-05-31

**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:** $13997266.40

**Total Liabilities:** $12863.95

**Net Assets:** $13984402.45

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 73.620895267998 | **1-Year:** 363.462765142414 | **5-Year:** 664.970751211027 | **10-Year:** 16.243541341130 | **30-Year:** 0.000000000000

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

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000065112 | 0.26%                | 0.86%                | -0.12%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.02                    | $13732.93                                  |
| Month 2  | $-1482.92                | $58787.75                                  |
| Month 3  | $0.00                    | $-40934.61                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Federal Farm Credit Banks             | FFCB 4.8 11/13/29         | CUSIP: 3133ERA50<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    400000 | NS      | $398897.28    | 2.85%             | 2029-11-13      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Federal Farm Credit Banks             | FFCB 4.93 02/25/30        | CUSIP: 3133ER4R9<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    200000 | NS      | $200448.22    | 1.43%             | 2030-02-25      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks               | FHLB 4.5 12/04/29 0000    | CUSIP: 3130B47A3<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    250000 | NS      | $249519.95    | 1.78%             | 2029-12-04      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks               | FHLB 4 09/17/29 0000      | CUSIP: 3130B2XB6<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    250000 | NS      | $245968.36    | 1.76%             | 2029-09-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Constellation Energy Generation LLC   | CEG 3.25 06/01/25         | CUSIP: 30161MAS2<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |    250000 | NS      | $250000.00    | 1.79%             | 2025-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds          | T 6.25 05/15/30           | CUSIP: 912810FM5<br>LEI: N/A                  | Long             | DBT              | UST               | US        |    500000 | NS      | $550273.44    | 3.93%             | 2030-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds          | T 6.125 08/15/29          | CUSIP: 912810FJ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    950000 | NS      | $1029673.84   | 7.36%             | 2029-08-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds          | T 5.25 02/15/29           | CUSIP: 912810FG8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    300000 | NS      | $314496.09    | 2.25%             | 2029-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds          | T 5.5 08/15/28            | CUSIP: 912810FE3<br>LEI: N/A                  | Long             | DBT              | UST               | US        |    300000 | NS      | $314871.09    | 2.25%             | 2028-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Take-Two Interactive Software Inc.    | TTWO 3.7 04/14/27         | CUSIP: 874054AG4<br>LEI: BOMSTHHJK882EWYX3334 | Long             | DBT              | CORP              | US        |    350000 | NS      | $344372.27    | 2.46%             | 2027-04-14      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CALIF UNI SCH DIST          | CA SDGEDU 3.96 07/01/2029 | CUSIP: 797356NZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | NS      | $296871.57    | 2.12%             | 2029-07-01      | Fixed         | 3.96%                 | No            |                  2 | On Loan: No      |
| Koninklijke KPN N.V.                  | KPN 8.375 10/01/30        | CUSIP: 780641AH9<br>LEI: 549300YO0JZHAL7FVP81 | Long             | DBT              | CORP              | NL        |    550000 | NS      | $640609.31    | 4.58%             | 2030-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| QUALCOMM Inc.                         | QCOM 3.25 05/20/27        | CUSIP: 747525AU7<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |    100000 | NS      | $98285.30     | 0.70%             | 2027-05-20      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes          | T 3.625 03/31/28          | CUSIP: 91282CGT2<br>LEI: N/A                  | Long             | DBT              | UST               | US        |    300000 | NS      | $297960.94    | 2.13%             | 2028-03-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes          | T 2.375 05/15/27          | CUSIP: 912828X88<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    650000 | NS      | $631083.98    | 4.51%             | 2027-05-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes          | T 2.625 12/31/25          | CUSIP: 9128285T3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    750000 | NS      | $742866.21    | 5.31%             | 2025-12-31      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes          | T 2.25 08/15/27           | CUSIP: 9128282R0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    750000 | NS      | $723896.48    | 5.18%             | 2027-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.           | VZ 4.016 12/03/29         | CUSIP: 92343VEU4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    100000 | NS      | $97818.48     | 0.70%             | 2029-12-03      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| United Utilities Group PLC            | UU 6.875 08/15/28         | CUSIP: 91311QAC9<br>LEI: 213800KYT12UFB2VE455 | Long             | DBT              | CORP              | GB        |    200000 | NS      | $213376.62    | 1.53%             | 2028-08-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Visa Inc                              | V 3.15 12/14/25           | CUSIP: 92826CAD4<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | DBT              | CORP              | US        |    350000 | NS      | $347686.55    | 2.49%             | 2025-12-14      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Biogen Inc                            | BIIB 4.05 09/15/25        | CUSIP: 09062XAF0<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | DBT              | CORP              | US        |    100000 | NS      | $99943.16     | 0.71%             | 2025-09-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                 | BAC 3.5 04/19/26 GMTN     | CUSIP: 06051GFX2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    400000 | NS      | $396226.23    | 2.83%             | 2026-04-19      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Dupont De Nemours Inc                 | DD 4.493 11/15/25         | CUSIP: 26078JAC4<br>LEI: 5493004JF0SDFLM8GD76 | Long             | DBT              | CORP              | US        |    308000 | NS      | $307753.11    | 2.20%             | 2025-11-15      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| The Procter & Gamble Co.              | PG 2.8 03/25/27           | CUSIP: 742718FG9<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |    300000 | NS      | $293316.54    | 2.10%             | 2027-03-25      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Paypal Holdings Inc.                  | PYPL 2.65 10/01/26        | CUSIP: 70450YAD5<br>LEI: 5493005X2GO78EFZ3E94 | Long             | DBT              | CORP              | US        |    300000 | NS      | $293518.89    | 2.10%             | 2026-10-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| O'Reilly Automotive Inc.              | ORLY 3.6 09/01/27         | CUSIP: 67103HAF4<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |    150000 | NS      | $147165.70    | 1.05%             | 2027-09-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP Funding LLC                | NXPI 5.35 03/01/26        | CUSIP: 62947QBB3<br>LEI: 724500RKKW4NOJ9YQF60 | Long             | DBT              | CORP              | NL        |    100000 | NS      | $100509.72    | 0.72%             | 2026-03-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp.                       | MSFT 3.3 02/06/27         | CUSIP: 594918BY9<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    100000 | NS      | $98777.17     | 0.71%             | 2027-02-06      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| The Kroger Co.                        | KR 7.7 06/01/29 +B        | CUSIP: 501044BT7<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |    100000 | NS      | $109711.71    | 0.78%             | 2029-06-01      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| Johnson & Johnson                     | JNJ 2.45 03/01/26         | CUSIP: 478160BY9<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |     50000 | NS      | $49224.57     | 0.35%             | 2026-03-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                  | JPM 3.3 04/01/26          | CUSIP: 46625HQW3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    350000 | NS      | $346822.55    | 2.48%             | 2026-04-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.      | FHLMC 4.5 09/05/28        | CUSIP: 3134HBBM2<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    250000 | NS      | $249745.50    | 1.79%             | 2028-09-05      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association | FNMA 4.625 03/02/29       | CUSIP: 3135GAZT1<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    300000 | NS      | $299794.46    | 2.14%             | 2029-03-02      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Federal Farm Credit Banks             | FFCB 4.93 02/25/30        | CUSIP: 3133ER4R9<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    350000 | NS      | $349968.89    | 2.50%             | 2030-02-25      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                           | Freddie Mac               | CUSIP: 3134HAW33<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | NS      | $300805.13    | 2.15%             | 2029-12-18      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

**Name of Applicant:** SATURNA INVESTMENT TRUST

**Signature:** Christopher Fankhauser

**Name of Signer:** Christopher Fankhauser

**Title:** Treasurer