# EDGAR Filing Document

**Accession Number:** 0000811860
**File Stem:** 0001145549-23-003773
**Filing Date:** 2023-1
**Character Count:** 17921
**Document Hash:** 612b0b41c25f2d7c6c8a1f1ec12d2424
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-003773.hdr.sgml**: 20230127

**ACCESSION NUMBER**: 0001145549-23-003773

**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:** 23561478

**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

### Sextant Bond Income Fund (Series ID: S000022512)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000065113 | Sextant 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:** Sextant 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:** 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:** $9826556.19

**Total Liabilities:** $12322.91

**Net Assets:** $9814233.28

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.000000000000 | **1-Year:** 105.747963334671 | **5-Year:** 462.640607748525 | **10-Year:** 3649.512972088963 | **30-Year:** 999.380234377279

**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 | -5.73%               | -1.63%               | 4.54%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-599107.35                                |
| Month 2  | $0.00                    | $-191298.45                                |
| Month 3  | $0.00                    | $397424.69                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Chubb INA Holdings Inc                  | CB 4.35 11/03/45     | CUSIP: 00440EAW7<br>LEI: CZCBJZWDMLTHWJDXU843 | Long             | DBT              | CORP              | US        |    100000 | NS      | $87934.79     | 0.90%             | 2045-11-03      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Affiliated Managers Group, Inc.         | AMG 3.5 08/01/25     | CUSIP: 008252AN8<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | DBT              | CORP              | US        |    250000 | NS      | $240439.23    | 2.45%             | 2025-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Alabama Power Company                   | SO 4.15 08/15/44     | CUSIP: 010392FL7<br>LEI: 0RL818ELFOHP5JHOFU19 | Long             | DBT              | CORP              | US        |    200000 | NS      | $167559.20    | 1.71%             | 2044-08-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Apple Inc.                              | AAPL 4.5 02/23/36    | CUSIP: 037833BW9<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    350000 | NS      | $351858.23    | 3.59%             | 2036-02-23      | Fixed         | 4.50%                 | 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 | NS      | $104346.21    | 1.06%             | 2029-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon Corporation | BK 3.3 08/23/29 MTN  | CUSIP: 06406YAA0<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    250000 | NS      | $224765.43    | 2.29%             | 2029-08-23      | Fixed         | 3.30%                 | 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 | NS      | $252031.62    | 2.57%             | 2028-08-01      | Fixed         | 6.70%                 | 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 | NS      | $304746.84    | 3.11%             | 2041-03-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Canadian Natural Resources Limited      | CNQCN 6.45 06/30/33  | CUSIP: 136385AE1<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |    225000 | NS      | $231594.41    | 2.36%             | 2033-06-30      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Deere & Company                         | DE 8.1 05/15/30      | CUSIP: 244199AZ8<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | DBT              | CORP              | US        |     95000 | NS      | $113492.92    | 1.16%             | 2030-05-15      | Fixed         | 8.10%                 | No            |                  2 | On Loan: No      |
| Entergy Louisiana, LLC                  | ETR 5.4 11/01/24     | CUSIP: 29364WAK4<br>LEI: 0V5453U14HDZO63CGH17 | Long             | DBT              | CORP              | US        |    200000 | NS      | $201709.47    | 2.06%             | 2024-11-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Florida Power & Light Company           | NEE 5.95 10/01/33    | CUSIP: 341081ER4<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    100000 | NS      | $105734.74    | 1.08%             | 2033-10-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Home Depot Inc                          | HD 5.875 12/16/36    | CUSIP: 437076AS1<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    300000 | NS      | $324494.34    | 3.31%             | 2036-12-16      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Intel Corporation                       | INTC 4 12/15/32      | CUSIP: 458140AN0<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    360000 | NS      | $334831.49    | 3.41%             | 2032-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Johnson & Johnson                       | JNJ 4.95 05/15/33    | CUSIP: 478160AL8<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |    226000 | NS      | $237446.31    | 2.42%             | 2033-05-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Johnson & Johnson                       | JNJ 5.85 07/15/38    | CUSIP: 478160AT1<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |     50000 | NS      | $55451.25     | 0.57%             | 2038-07-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Kimberly-Clark Corporation              | KMB 5.3 03/01/41     | CUSIP: 494368BG7<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | DBT              | CORP              | US        |    100000 | NS      | $100632.01    | 1.03%             | 2041-03-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Lowes Companies, Inc.                   | LOW 5.8 10/15/36     | CUSIP: 548661CL9<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    250000 | NS      | $246117.09    | 2.51%             | 2036-10-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Medtronic PLC                           | MDT 4.375 03/15/35   | CUSIP: 585055BT2<br>LEI: D56MRZY2INAN94ZONZ37 | Long             | DBT              | CORP              | IE        |    260000 | NS      | $249391.85    | 2.54%             | 2035-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Microsoft Corporation                   | MSFT 5.3 02/08/41    | CUSIP: 594918AM6<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |     50000 | NS      | $53799.36     | 0.55%             | 2041-02-08      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Microsoft Corporation                   | MSFT 4.2 11/03/35    | CUSIP: 594918BK9<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    350000 | NS      | $344411.33    | 3.51%             | 2035-11-03      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Norsk Hydro ASA                         | EQNR 7.15 01/15/29   | CUSIP: 656531AJ9<br>LEI: 549300N1SDN71ZZ8BO45 | Long             | DBT              | CORP              | NO        |    224000 | NS      | $249539.26    | 2.54%             | 2029-01-15      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| Linde Inc.                              | LIN 3.55 11/07/42    | CUSIP: 74005PBD5<br>LEI: ZU69GUVJQGZ6Z1UOOO79 | Long             | DBT              | CORP              | US        |    350000 | NS      | $283152.30    | 2.89%             | 2042-11-07      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| The Procter & Gamble Company            | PG 5.5 02/01/34      | CUSIP: 742718CB3<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |    200000 | NS      | $211151.65    | 2.15%             | 2034-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puget Energy Inc                        | PSD 4.434 11/15/41   | CUSIP: 745332CE4<br>LEI: 8MNFJR7KOMBQ7X62LK44 | Long             | DBT              | CORP              | US        |    300000 | NS      | $252967.92    | 2.58%             | 2041-11-15      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| Quebec (Province Of)                    | Q 7.125 02/09/24 +NN | CUSIP: 748148PD9<br>LEI: 549300WN65YFEQH74Y36 | Long             | DBT              | MUN               | CA        |    175000 | NS      | $179652.83    | 1.83%             | 2024-02-09      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Merck & Co., Inc                        | MRK 6.5 12/01/33     | CUSIP: 806605AG6<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |    215000 | NS      | $244959.89    | 2.50%             | 2033-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| State Street Corporation                | STT F 06/15/47       | CUSIP: 857477AY9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | NS      | $75080.34     | 0.77%             | 2037-06-15      | Floating      | 4.29%                 | 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 | NS      | $215220.19    | 2.19%             | 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 | NS      | $217502.29    | 2.22%             | 2032-11-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds            | T 5.25 02/15/29      | CUSIP: 912810FG8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    170000 | NS      | $182417.97    | 1.86%             | 2029-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds            | T 6.125 08/15/29     | CUSIP: 912810FJ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    225000 | NS      | $254865.24    | 2.60%             | 2029-08-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds            | T 6.25 05/15/30      | CUSIP: 912810FM5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     75000 | NS      | $86830.08     | 0.88%             | 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 | NS      | $445312.50    | 4.54%             | 2031-02-15      | Fixed         | 5.38%                 | 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 | NS      | $807898.44    | 8.23%             | 2039-05-15      | Fixed         | 4.25%                 | 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 | NS      | $127605.66    | 1.30%             | 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: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    560000 | NS      | $505115.63    | 5.15%             | 2048-11-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Raytheon Technologies Corporation       | RTX 6.05 06/01/36    | CUSIP: 913017BK4<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    250000 | NS      | $267450.88    | 2.73%             | 2036-06-01      | Fixed         | 6.05%                 | 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