Fund Literature:

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

Important Information About Sextant Growth 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 Growth Fund (SSGFX): Objectives, Strategies & Risks

Investment Objective

Long-term capital growth.

Principal Investment Strategies

The Growth Fund primarily invests in common stocks of U.S. companies. The Growth Fund diversifies its investments across industries and companies, and generally follows a value investment style. The Growth Fund favors companies trading for less than the adviser’s assessment of intrinsic value, which typically means companies with low price/earning multiples, low price to cash flow, and higher dividend yields. The Growth Fund may invest in securities of smaller or newer companies as well as those of well-seasoned companies of any size.

Principal Risks of Investing

The Growth Fund may invest in smaller companies, which involve higher investment risks in that they often have limited product lines, markets and resources, or their securities may trade less frequently and have greater price fluctuation than those of larger companies. Growth stocks, which can be priced on future expectations rather than current results, may decline substantially when expectations are not met or general market conditions weaken.

Portfolio Managers

Portfolio Manager since 1994: Nicholas Kaiser