# EDGAR Filing Document

**Accession Number:** 0000811860
**File Stem:** 0001193125-26-023997
**Filing Date:** 2026-1
**Character Count:** 18180
**Document Hash:** 3b05b316d08f3e322002407cc7031afe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-023997.hdr.sgml**: 20260127

**ACCESSION NUMBER**: 0001193125-26-023997

**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:** 26564033

**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 Global High Income Fund (Series ID: S000036646)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000112018 | Saturna Global High Income Fund | SGHIX           |

## 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 Global High Income Fund

- **b. EDGAR series identifier (if any):** S000036646

- **c. LEI of Series:** 5493005SJTPZ4UZ2HX03

**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:** $12060619.88

**Total Liabilities:** $18054.44

**Net Assets:** $12042565.44

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 200.293247069885 | **1-Year:** 101.804947314644 | **5-Year:** 361.818178857785 | **10-Year:** 665.255545779648 | **30-Year:** 807.088946168287

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

- **3-Month:** 4.079884918844 | **1-Year:** 14.752849631180 | **5-Year:** 118.545999043614 | **10-Year:** 168.249606298910 | **30-Year:** 29.338906426409

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000112018 | 1.54%                | 1.35%                | 0.58%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $151987.85                                 |
| Month 2  | $-7.85                   | $131237.82                                 |
| Month 3  | $34539.88                | $-4843.07                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Orange SA                                        | Orange SA SPONSORED ADR                               | CUSIP: 684060106<br>LEI: 969500MCOONR8990S771 | Long             | EC               | CORP              | FR        |     20000 | NS      | $329800.00    | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Burlington Northern Santa Fe LLC                 | BNSF 5.05 03/01/41                                    | CUSIP: 12189LAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $198072.56    | 1.64%             | 2041-03-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Colombia (Republic Of)                           | COLOM 8.375 02/15/27                                  | CUSIP: 195325AL9<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    125000 | PA      | $129150.00    | 1.07%             | 2027-02-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| COLONY TEX LOC DEV CORP                          | TX CNYGEN 7.62 10/01/2042                             | CUSIP: 19625ABL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $49999.83     | 0.42%             | 2042-10-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Petrobras Global Finance B.V.                    | PETBRA 6.875 01/20/40                                 | CUSIP: 71645WAQ4<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |     50000 | PA      | $51402.15     | 0.43%             | 2040-01-20      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Petrobras Global Finance B.V.                    | PETBRA 6.75 01/27/41                                  | CUSIP: 71645WAS0<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |     80000 | PA      | $80927.28     | 0.67%             | 2041-01-27      | Fixed         | 6.75%                 | 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        |    200000 | PA      | $221835.94    | 1.84%             | 2030-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Argentina (Republic Of)                          | ARGENT 4.125 07/09/46                                 | CUSIP: 040114HW3<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    242500 | PA      | $166791.50    | 1.39%             | 2046-07-09      | Variable      | 4.13%                 | No            |                  2 | On Loan: No      |
| Argentina (Republic Of)                          | ARGENT 1 07/09/29                                     | CUSIP: 040114HX1<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |      9276 | PA      | $8070.12      | 0.07%             | 2029-07-09      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Ford Motor Company                               | F 6.375 02/01/29                                      | CUSIP: 345370BZ2<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    220000 | PA      | $228409.84    | 1.90%             | 2029-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Delta Air Lines Inc.                             | DAL 3.75 10/28/29                                     | CUSIP: 247361ZT8<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |    250000 | PA      | $244470.74    | 2.03%             | 2029-10-28      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| M.D.C. Holdings Inc.                             | MDC 3.85 01/15/30                                     | CUSIP: 552676AT5<br>LEI: 5299005FV4VNV75R8R35 | Long             | DBT              | CORP              | US        |    200000 | PA      | $193198.08    | 1.60%             | 2030-01-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Yum! Brands Inc.                                 | YUM 3.625 03/15/31                                    | CUSIP: 988498AN1<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    295000 | PA      | $279660.00    | 2.32%             | 2031-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Lincoln National Corp.                           | LNC F 04/20/67 *                                      | CUSIP: 534187BP3<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | DBT              | CORP              | US        |    250000 | PA      | $204178.22    | 1.70%             | 2067-04-20      | Floating      | 6.19%                 | No            |                  2 | On Loan: No      |
| SK Telecom Co Ltd                                | SK Telecom Co Ltd SPONSORED ADR                       | CUSIP: 78440P306<br>LEI: 9884003WEA1PHW006037 | Long             | EC               | CORP              | KR        |     11000 | NS      | $222090.00    | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corporation                     | NSC 5.1 08/01/18                                      | CUSIP: 655844CB2<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |    275000 | PA      | $243945.24    | 2.03%             | 2118-08-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| CSX Corporation                                  | CSX 4.65 03/01/68                                     | CUSIP: 126408HL0<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |    250000 | PA      | $209855.10    | 1.74%             | 2068-03-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Comcast Corporation                              | CMCSA 4.65 07/15/42                                   | CUSIP: 20030NBE0<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    250000 | PA      | $221388.69    | 1.84%             | 2042-07-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Southern Copper Corporation                      | Southern Copper Corporation COM                       | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |      3000 | NS      | $404340.00    | 3.36%             |  |  |  | No            |                  1 | On Loan: No      |
| GSK plc                                          | GSK plc SPONSORED ADR                                 | CUSIP: 37733W204<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               | CORP              | GB        |      6500 | NS      | $311090.00    | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Home Loan Banks                          | FHLB 4.5 12/04/29 0000                                | CUSIP: 3130B47A3<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    100000 | PA      | $100491.65    | 0.83%             | 2029-12-04      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST HSG DEV AUTH                         | VA VASHSG 5.95 10/01/2066                             | CUSIP: 92812WUR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101220.46    | 0.84%             | 2066-10-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST CMNTY DEV ADMIN DEPT HSG & CMNTY DEV | MD MDSDEV 6.36 09/01/2053                             | CUSIP: 57419T5T4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $143846.32    | 1.19%             | 2053-09-01      | Fixed         | 6.36%                 | 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    | 2.09%             | 2045-11-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Kimberly-Clark de Mexico S.A.B. de C.V.          | Kimberly-Clark de Mexico S.A.B. de C.V. COM SER'A'NPV | CUSIP: P60694117<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    125000 | NS      | $256406.75    | 2.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Skandinaviska Enskilda Banken AB (publ)          | Skandinaviska Enskilda Banken AB (publ) SER'A'NPV     | CUSIP: W25381141<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | EC               | CORP              | SE        |     25000 | NS      | $498004.25    | 4.14%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                     | T 3.375 11/15/48                                      | CUSIP: 912810SE9<br>LEI: N/A                  | Long             | DBT              | UST               | US        |    250000 | PA      | $202910.15    | 1.68%             | 2048-11-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Netflix, Inc.                                    | NFLX 4.375 11/15/26                                   | CUSIP: 64110LAN6<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    250000 | PA      | $251218.20    | 2.09%             | 2026-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Telenor ASA                                      | Telenor ASA ORD NOK6                                  | CUSIP: R21882106<br>LEI: 549300IM1QSBY4SLPM26 | Long             | EC               | CORP              | NO        |     20000 | NS      | $289218.70    | 2.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Nintendo Co Ltd.                                 | Nintendo Co Ltd. NPV                                  | CUSIP: J51699106<br>LEI: 353800FEEXU6I9M0ZF27 | Long             | EC               | CORP              | JP        |      5000 | NS      | $424205.46    | 3.52%             |  |  |  | No            |                  2 | On Loan: No      |
| ANZ Group Holdings Ltd.                          | ANZ Group Holdings Ltd. SPONSORED ADS                 | CUSIP: 03736N104<br>LEI: 9845005D9C6BAA10BK72 | Long             | EC               | CORP              | AU        |     15000 | NS      | $343200.00    | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                              | Cisco Systems, Inc. COM                               | CUSIP: 17275R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5000 | NS      | $384700.00    | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| BHP Group Ltd.                                   | BHP Group Ltd. SPONSORED ADS                          | CUSIP: 088606108<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |      5500 | NS      | $301015.00    | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| South32 Ltd.                                     | South32 Ltd. SPONSORED ADR                            | CUSIP: 84473L105<br>LEI: 213800LAZNPXSBKVHR17 | Long             | EC               | CORP              | AU        |     19000 | NS      | $201780.00    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Bimbo S.A.B de C.V.                        | BIMBOA 4.875 06/27/44 REGS                            | CUSIP: P4949BAK0<br>LEI: 5493000RIXURZEBFEV60 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $182803.60    | 1.52%             | 2044-06-27      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Novartis AG                                      | Novartis AG SPONSORED ADR                             | CUSIP: 66987V109<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |      2500 | NS      | $326000.00    | 2.71%             |  |  |  | No            |                  1 | 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