Management

John E. Love is the Trust's independent chairman, having joined the board in 1987. Mr. Love is president and CEO of the J.E. Love Company which manufacturers and markets specialty agricultural equipment. He is a retired Navy Rear Admiral and a Certified Professional Manager. He has a degree in Economics/ Business Administration from Whitworth University. Mr. Love has served on bank, community, and higher education institution boards.

Gary A. Goldfogel, MD, serves as the Medical Examiner for Northwest Washington State, and is the owner and president of Avocet Environmental Testing Laboratory. Dr. Goldfogel is a physician board certified in Surgical and Forensic Pathology and Laboratory Medicine. He has served on boards of various professional and community organizations.

Herbert G. Grubel, PhD, is a senior fellow of The Fraser Institute and professor emeritus of Economics at Simon Fraser University (Vancouver, BC). Dr. Grubel has held appointments and positions with universities, governments and institutes worldwide. He was a member of Canada's Parliament from 1993 to 1997. Dr. Grubel has published many books and professional articles in economics dealing with international trade and finance and a wide range of economic policy issues.MD, serves as the Medical Examiner for Northwest Washington State, and is the owner and president of Avocet Environmental Testing Laboratory. Dr. Goldfogel is a physician board certified in Surgical and Forensic Pathology and Laboratory Medicine. He has served on boards of various professional and community organizations.

Ronald H. Fielding, MA, MBA, CFA, has worked in the mutual fund industry as a portfolio manager and senior officer of fund advisers for over 25 years. He has served on the board of Investment Company Institute Mutual Insurance for 15 years, and is currently chairman. He has taught courses in finance and economics in Rochester, NY. He has served on philanthropic and educational institution boards.

Nicholas Kaiser, MBA, CFA, chairman of Saturna Capital, manages the Sextant Growth and Sextant International Funds. With more than 30 years of experience running mutual funds, Mr. Kaiser is an award winning portfolio manager who consistently puts his clients first. Mr. Kaiser graduated from Yale College, with a degree in economics and obtained his MBA from the University of Chicago in 1968, with dual majors in International Economics and Finance.

Mr. Kaiser established the Kaiser Professorship in International Business at Western Washington University and his industry activities include past service with the Investment Company Institute, CFA Institute, Financial Planning Association, and No-Load Mutual Fund Association.

Peter Nielsen, senior investment analyst & Sextant Core Fund portfolio manager, joined Saturna Capital in June 2007. He is the portfolio manager for Sextant Core Fund. Born in 1964 in British Columbia, he graduated from Trinity Western University with a degree in Business Administration and earned an MBA from Simon Fraser University. A Chartered Financial Analyst, Mr. Nielsen worked for BC Investment Management Corporation and Aquilini Investments before coming to Bellingham.

Phelps McIlvaine, vice president and manager of the Sextant Short-Term Bond and Sextant Bond Income Funds, joined Saturna Capital in 1993. He also acts as Chief Financial Officer for Saturna’s wholly-owned brokerage subsidiary, Saturna Brokerage Services. Mr. McIlvaine was born in Illinois in 1953, and has a BA in economics (University of Denver, 1975 Phi Beta Kappa).

Mr. McIlvaine entered the investment business in 1976 and traded U.S. bond and derivative markets from 1977 to 1986 for commercial banks in Boston and Chicago. From 1987 to 1993 he managed fixed-income derivative hedge funds in Chicago and London. He serves on the Endowment Committees of the Nooksack Salmon Enhancement Association, The Bellingham Interfaith Coalition, and the First Congregational Church of Bellingham.