Sextant Mutual Funds

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 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.

Sextant Mutual Funds

Performance

Month ended 01/31/2012 10 Year 5 Year 3 Year 1 Year Expense Ratio
Equity Funds
Sextant Growth Up 4.94% Up 0.81% Up 14.02% Up 1.21% 1.01%
S&P 500 Index Up 3.52% Up 0.33% Up 19.22% Up 4.22% N/A
Sextant International Up 7.99% Up 2.11% Up 11.29% Down -4.40% 1.03%
NYSE Arca International Market Index Up 5.77% Down -1.64% Up 12.10% Down -6.79% N/A
Balanced Fund
Sextant Core Fund N/A N/A Up 12.14% Up 3.33% 1.21%
Dow Jones Moderate Portfolio Index Up 6.87% Up 3.50% Up 15.82% Up 3.62% N/A
Bond Funds
Sextant Short-Term Bond Fund Up 3.55% Up 3.92% Up 3.56% Up 2.11% 1.34%
Citigroup Gov./Corp. 1-3 Years Index Up 3.64% Up 4.01% Up 2.73% Up 1.71% N/A
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
Legend: Up Up   Down Down   No Change No Change

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

The Adviser has voluntarily capped actual expenses of Sextant Short-Term Bond at 0.75% and actual expenses of Bond Income at 0.90% through March 31, 2012.

Sextant Core Fund began operations March 30, 2007.