Investment objective & strategy
As of March 31, 2025 · prospectusObjective. Current income.
Strategy. The Fund invests at least 80% of its net assets in bonds, including corporate and government bonds. The Fund invests primarily in US bonds. Under normal circumstances, the Fund maintains a dollar weighted average maturity of six years or more. The Fund invests at least 80% of its net assets in bonds rated within the four highest grades assigned by a national bond rating agency (e.g. Standard & Poors: AAA, AA, A, or BBB) at the time of purchase, inclusive of cash, may invest up to 20% in unrated and high-yield bonds (junk bonds). Investment-grade investments may include split rated securities that are rated as investment grade by at least one credit rating agency but rated below investment grade by … The Fund invests at least 80% of its net assets in bonds, including corporate and government bonds. The Fund invests primarily in US bonds. Under normal circumstances, the Fund maintains a dollar weighted average maturity of six years or more. The Fund invests at least 80% of its net assets in bonds rated within the four highest grades assigned by a national bond rating agency (e.g. Standard & Poors: AAA, AA, A, or BBB) at the time of purchase, inclusive of cash, may invest up to 20% in unrated and high-yield bonds (junk bonds). Investment-grade investments may include split rated securities that are rated as investment grade by at least one credit rating agency but rated below investment grade by another agency.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| US TREASURY N/B | — | $773.43K | 6.76% |
| U.S. Treasury STRIPS Coupon | S | $622.35K | 5.44% |
| US TREASURY N/B | — | $459.20K | 4.01% |
| US TREASURY N/B | — | $433.45K | 3.79% |
| APPLE INC | — | $358.20K | 3.13% |
| MICROSOFT CORP | — | $352.25K | 3.08% |
| HOME DEPOT INC | — | $328.33K | 2.87% |
| BURLINGTON NORTH | — | $309.37K | 2.70% |
| MA MASHSG 5.99 12/01/2044 | MASHSG | $309.32K | 2.70% |
| MD MCDHSG 5.99 09/01/2044 | MCDHSG | $308.71K | 2.70% |
Portfolio moves
Nov 30, 2025 → Feb 28, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Saturna Core Fund · SCORX | 8% | 0.75% |
| Saturna Global High Income Fund · SGHIX | 8% | 0.75% |
| PIMCO Long-Term U.S. Government Portfolio · VPVLTDV, VPVLTIV, VPVLTAV | 5% | 2.43% |
Advisers
| Firm | Role |
|---|---|
| SATURNA CAPITAL CORPORATION | Adviser |
Footnotes
- Expense ratio as of March 31, 2025, from the fund's prospectus.
- Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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