Fund Literature:

• Fact Sheet
• Prospectus
• Annual Report
• Semi-Annual Report
• Statement of Additional Information

Important Information About Sextant Core Fund:

• Disclosure of Portfolio Holdings
• Form N-Q
• Month-end Portfolio Schedule
• Proxy Voting Guidelines
• Form N-PX
• Renewal of Investment Advisory Contract
• Board Governance Policies
• Business Continuity Plan Summary

Sextant Core Fund (SCORX): Objectives, Strategies & Risks

Investment Objective

Long-term appreciation and capital preservation.

Principal Investment Strategies

The Core Fund invests in a mix of common stocks and other equity securities, plus bonds and other debt securities including short-term (money market) instruments. The stocks and bonds in the Core Fund are generally issues included in the Sextant Growth, International, Bond Income and Short-Term Bond Funds, and are selected using the same strategies. Under normal circumstances, the Core Fund invests approximately 40% of its assets in equities of U.S. companies, 20% in foreign equities traded in or outside the U.S., 25% in investment-grade debt securities (those rated BBB or higher, including government and convertible bonds) with maturities of three years or longer, and 15% in short-term debt securities including money market instruments and cash. To reduce risk, the Core Fund follows a value investment style, favoring income-producing securities and those of larger, more seasoned companies.

Principal Risks of Investing

The Core Fund involves the risks of both equity and debt investing, although it seeks to mitigate these risks by maintaining a widely diversified portfolio that includes domestic stocks, foreign stocks, short and long-term bonds, and money market instruments. The prices of equities are subject to market risk, and common stocks in particular may be subject to price declines that are steep, sudden, and/ or prolonged. International equities involve additional risks, such as currency exchange rates, less transparency and non-standard reporting, and varying financial, social and political standards. Governments can affect investments with confiscatory taxation, seizure of assets, exchange controls, and other restrictions on capital movement. Debt investments have interest rate risk, as bonds generally drop in price when rates increase. Debt investments also entail credit risk, which is the possibility that a bond will not be able to pay interest or principal when due. If the credit quality of a bond is perceived to decline, investors will demand a higher yield, which means a lower price on that bond to compensate for the higher level of risk.

Portfolio Managers

Portfolio Manager since 2008: Peter Nielsen