# EDGAR Filing Document

**Accession Number:** 0000811860
**File Stem:** 0001193125-26-024001
**Filing Date:** 2026-1
**Character Count:** 21878
**Document Hash:** 7fbb4142d2a440fb402e7994109d20e0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-024001.hdr.sgml**: 20260127

**ACCESSION NUMBER**: 0001193125-26-024001

**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:** 26564037

**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 Bond Income Fund (Series ID: S000022512)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000065113 | Saturna Bond Income Fund | SBIFX           |

## 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 Bond Income Fund

- **b. EDGAR series identifier (if any):** S000022512

- **c. LEI of Series:** 54930026MZ8MI1RLWU86

**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:** $12319943.20

**Total Liabilities:** $18244.28

**Net Assets:** $12301698.92

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 105.378813028949 | **1-Year:** 144.411553549310 | **5-Year:** 1638.539081634426 | **10-Year:** 3981.877170344555 | **30-Year:** 581.247053147902

**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 C000065113 | 1.66%                | 0.75%                | 0.52%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $25.05                   | $158327.26                                 |
| Month 2  | $55.46                   | $50100.78                                  |
| Month 3  | $99.95                   | $39164.35                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Apple Inc.                                        | AAPL 4.5 02/23/36         | CUSIP: 037833BW9<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    350000 | PA      | $357684.54    | 2.91%             | 2036-02-23      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp.                                   | MSFT 4.2 11/03/35         | CUSIP: 594918BK9<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    350000 | PA      | $354288.62    | 2.88%             | 2035-11-03      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Burlington Northern Santa Fe LLC                  | BNSF 5.05 03/01/41        | CUSIP: 12189LAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    310000 | PA      | $307012.46    | 2.50%             | 2041-03-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Florida Power & Light Co.                         | NEE 5.95 10/01/33         | CUSIP: 341081ER4<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    100000 | PA      | $110019.15    | 0.89%             | 2033-10-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                      | T 2.875 05/15/52          | CUSIP: 912810TG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    400000 | PA      | $288281.24    | 2.34%             | 2052-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| BellSouth LLC                                     | T 6.875 10/15/31          | CUSIP: 079860AD4<br>LEI: 549300K521AGBDAYHX03 | Long             | DBT              | CORP              | US        |    200000 | PA      | $218427.05    | 1.78%             | 2031-10-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association             | FN MA5538                 | CUSIP: 31418FEL7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    250000 | PA      | $215224.76    | 1.75%             | 2044-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                           | FHLB 5 10/14/44           | CUSIP: 3130B3A86<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    250000 | PA      | $249580.35    | 2.03%             | 2044-10-14      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon Corp.                 | BK 3.3 08/23/29 MTN       | CUSIP: 06406YAA0<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    250000 | PA      | $243302.60    | 1.98%             | 2029-08-23      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Medtronic, Inc.                                   | MDT 4.375 03/15/35        | CUSIP: 585055BT2<br>LEI: D56MRZY2INAN94ZONZ37 | Long             | DBT              | CORP              | US        |    260000 | PA      | $257593.51    | 2.09%             | 2035-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| UBS AG Stamford Branch                            | UBS 7.75 09/01/26         | CUSIP: 870845AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | CH        |    200000 | PA      | $204562.32    | 1.66%             | 2026-09-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Unilever Capital Corporation                      | UNANA 5.9 11/15/32        | CUSIP: 904764AH0<br>LEI: MYF1DAS6G5WY7PRWCU78 | Long             | DBT              | CORP              | US        |    200000 | PA      | $219438.26    | 1.78%             | 2032-11-15      | Fixed         | 5.90%                 | 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        |     75000 | PA      | $83188.48     | 0.68%             | 2030-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                      | T 5.375 02/15/31          | CUSIP: 912810FP8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    400000 | PA      | $432812.50    | 3.52%             | 2031-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                      | T 3.125 11/15/41          | CUSIP: 912810QT8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    145000 | PA      | $122168.16    | 0.99%             | 2041-11-15      | Fixed         | 3.12%                 | 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        |    560000 | PA      | $454518.75    | 3.69%             | 2048-11-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp.                                   | MSFT 5.3 02/08/41         | CUSIP: 594918AM6<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |     50000 | PA      | $53418.10     | 0.43%             | 2041-02-08      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Puget Energy Inc                                  | PSD 4.434 11/15/41        | CUSIP: 745332CE4<br>LEI: 8MNFJR7KOMBQ7X62LK44 | Long             | DBT              | CORP              | US        |    300000 | PA      | $264674.47    | 2.15%             | 2041-11-15      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| Linde Inc.                                        | LIN 3.55 11/07/42         | CUSIP: 74005PBD5<br>LEI: ZU69GUVJQGZ6Z1UOOO79 | Long             | DBT              | CORP              | US        |    350000 | PA      | $284338.52    | 2.31%             | 2042-11-07      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                      | T 4.25 05/15/39           | CUSIP: 912810QB7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    770000 | PA      | $766029.69    | 6.23%             | 2039-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Alabama Power Co.                                 | SO 4.15 08/15/44          | CUSIP: 010392FL7<br>LEI: 0RL818ELFOHP5JHOFU19 | Long             | DBT              | CORP              | US        |    200000 | PA      | $170075.57    | 1.38%             | 2044-08-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Johnson & Johnson                                 | JNJ 5.85 07/15/38         | CUSIP: 478160AT1<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |     50000 | PA      | $55701.22     | 0.45%             | 2038-07-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Home Depot Inc.                                   | HD 5.875 12/16/36         | CUSIP: 437076AS1<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    300000 | PA      | $327913.67    | 2.67%             | 2036-12-16      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Kimberly-Clark Corporation                        | KMB 5.3 03/01/41          | CUSIP: 494368BG7<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101770.34    | 0.83%             | 2041-03-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| The Procter & Gamble Co.                          | PG 5.5 02/01/34           | CUSIP: 742718CB3<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |    200000 | PA      | $215410.83    | 1.75%             | 2034-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Koninklijke KPN N.V.                              | KPN 8.375 10/01/30        | CUSIP: 780641AH9<br>LEI: 549300YO0JZHAL7FVP81 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $234824.26    | 1.91%             | 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        |    150000 | PA      | $132488.74    | 1.08%             | 2047-06-15      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| Chubb INA Holdings LLC                            | CB 4.35 11/03/45          | CUSIP: 00440EAW7<br>LEI: CZCBJZWDMLTHWJDXU843 | Long             | DBT              | CORP              | US        |    100000 | PA      | $88618.46     | 0.72%             | 2045-11-03      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                      | NY NYC 5.85 06/01/2040    | CUSIP: 64966HYV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $211339.72    | 1.72%             | 2040-06-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST CMNTY DEV ADMIN DEPT HSG & CMNTY DEV  | MD MCDHSG 5.99 09/01/2044 | CUSIP: 57419UDG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $304494.90    | 2.48%             | 2044-09-01      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                          | MN MNSHSG 5.92 07/01/2049 | CUSIP: 60416UNK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $304421.58    | 2.47%             | 2049-07-01      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST HSG FIN AGY                      | MA MASHSG 5.99 12/01/2044 | CUSIP: 57587GT47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $305594.10    | 2.48%             | 2044-12-01      | Fixed         | 5.99%                 | 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        |    240000 | PA      | $242929.10    | 1.97%             | 2066-10-01      | Fixed         | 5.95%                 | 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    | 2.05%             | 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        |    200000 | PA      | $201722.06    | 1.64%             | 2045-11-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Security Stripped Interest Security | S 0 02/15/45              | CUSIP: 912834PH5<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   1550000 | PA      | $606752.40    | 4.93%             | 2045-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                      | TII 2.125 02/15/54        | CUSIP: 912810TY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    250000 | PA      | $244146.47    | 1.98%             | 2054-02-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| NXP B V / NXP Funding LLC & NXP USA Inc           | NXPI 3.25 05/11/41        | CUSIP: 62954HAU2<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |    300000 | PA      | $229332.52    | 1.86%             | 2041-05-11      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Baker Hughes Holdings LLC                         | BHI 6.875 01/15/29        | CUSIP: 057224AK3<br>LEI: 549300XU3XH6F05YEQ93 | Long             | DBT              | CORP              | US        |    100000 | PA      | $107922.71    | 0.88%             | 2029-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Canadian Natural Resources Limited                | CNQCN 6.45 06/30/33       | CUSIP: 136385AE1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    225000 | PA      | $245767.35    | 2.00%             | 2033-06-30      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Equinor ASA                                       | EQNR 7.15 01/15/29        | CUSIP: 656531AJ9<br>LEI: 549300N1SDN71ZZ8BO45 | Long             | DBT              | CORP              | NO        |    224000 | PA      | $244398.79    | 1.99%             | 2029-01-15      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| Deere & Company                                   | DE 8.1 05/15/30           | CUSIP: 244199AZ8<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | DBT              | CORP              | US        |     95000 | PA      | $110609.39    | 0.90%             | 2030-05-15      | Fixed         | 8.10%                 | No            |                  2 | On Loan: No      |
| RTX Corp.                                         | RTX 6.05 06/01/36         | CUSIP: 913017BK4<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    250000 | PA      | $274926.00    | 2.23%             | 2036-06-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Lowes Companies, Inc.                             | LOW 5.8 10/15/36          | CUSIP: 548661CL9<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    250000 | PA      | $270145.27    | 2.20%             | 2036-10-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Becton, Dickinson and Company                     | BDX 6.7 08/01/28          | CUSIP: 075887AQ2<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |    240000 | PA      | $253604.17    | 2.06%             | 2028-08-01      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Johnson & Johnson                                 | JNJ 4.95 05/15/33         | CUSIP: 478160AL8<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |    226000 | PA      | $240101.55    | 1.95%             | 2033-05-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Merck & Co., Inc                                  | MRK 6.5 12/01/33          | CUSIP: 806605AG6<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |    215000 | PA      | $245350.87    | 1.99%             | 2033-12-01      | Fixed         | 6.50%                 | No            |                  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