Fund Literature:

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

Important Information About Sextant International 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 International Fund (SSIFX): Ratings & Awards

Morningstar Ratings

Month-end as of 11/30/2011	Overall	10 Year	5 Year	3 Year	1 Year
"Foreign Large Blend" Category
Morningstar Rating™					N/A
% Rank in Category	N/A	5	1	72	29
Funds in Category	729	315	547	729	808

Quarter-end as of 12/31/2011	Overall	10 Year	5 Year	3 Year	1 Year
"Foreign Large Blend" Category
Morningstar Rating™					N/A
% Rank in Category	N/A	4	1	49	8
Funds in Category	737	317	563	737	817

Lipper Rankings

Month-end as of 11/30/2011	10 Year	5 Year	3 Year	1 Year
"International Large-Cap Growth" Category
Quintile Rank	1st	1st	5th	2nd
(Absolute Rank/Funds in Category)	(7/114)	(2/186)	(193/223)	(76/247)

Quarter-end as of 12/31/2011	10 Year	5 Year	3 Year	1 Year
"International Large-Cap Growth" Category
Quintile Rank	1st	1st	4th	1st
(Absolute Rank/Funds in Category)	(7/112)	(2/190)	(170/222)	(30/241)

Performance data quoted represents past performance which is no guarantee of future results.

Morningstar is a leading provider of independent investment research on mutual funds and other securities. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% in each category receive 5 stars, the next 22.5% 4 stars, the next 35% 3 stars, the next 22.5% 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating metrics.

Lipper, a Thomson Reuters Company, is a nationally recognized organization that ranks the performance of mutual funds within a universe of funds that have similar investment objectives. 20% of the funds in each Lipper category are in the 1st quintile. Rankings are historical and are based on total return with capital gains and dividends reinvested. Rankings do not consider any sales charges.