Sextant Mutual Funds

Sextant Bond Income Fund (SBIFX): Performance

Average Annual Total Returns
Month-end as of 01/31/2012 10 Year 5 Year 3 Year 1 Year Expense Ratio
Sextant Bond Income Fund Up 5.54% Up 6.30% Up 9.01% Up 11.52% 1.24%
Citigroup BIG Bond Index Up 5.89% Up 6.87% Up 7.01% Up 8.65% N/A

Quarter-end as of 12/31/2011 10 Year 5 Year 3 Year 1 Year Expense Ratio
Sextant Bond Income Fund Up 5.51% Up 5.90% Up 8.39% Up 9.87% 1.24%
Citigroup BIG Bond Index Up 5.89% Up 6.68% Up 6.40% Up 7.85% N/A

Expense ratios shown are as of the Fund's most recent prospectus dated March 25, 2011.

The Adviser has voluntarily capped actual expenses of Sextant Bond Income at 0.90% through March 31, 2012.

Growth of $10,000

Sextant Bond Income Fund: Growth of $10,000

This chart illustrates the performance of a hypothetical $10,000 invested at the beginning of the period and redeemed at the end of the period, and assumes reinvestment of all dividends and capital gains.

Annual Total Returns

As of 12/31/2011

Sextant Bond Income Fund: Annual Total Returns

Performance data quoted represents past performance which is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance may be higher or lower than performance data quoted herein. Returns do not reflect the potential deduction of a 2% redemption fee on shares held less than 90 calendar days. Performance current to the most recent month-end can be obtained by calling toll free 1-800/SATURNA or by visiting Average Annual Returns.