Saturna Sustainable Bond Fund
Name
As of 12/20/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-0.6%
1 yr return
-0.3%
3 Yr Avg Return
-0.8%
5 Yr Avg Return
0.4%
Net Assets
$31.3 M
Holdings in Top 10
41.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.83%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 65.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/20/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SEBFX - Profile
Distributions
- YTD Total Return -0.6%
- 3 Yr Annualized Total Return -0.8%
- 5 Yr Annualized Total Return 0.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.99%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameSaturna Sustainable Bond Fund
-
Fund Family NameSaturna Sustainable Funds
-
Inception DateMar 27, 2015
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPatrick Drum
Fund Description
Under normal conditions, the Fund invests at least 80% of its net assets in bonds of issuers located throughout the world (including emerging markets) that the Fund’s Adviser believes demonstrate sustainable characteristics. The Fund typically invests in US and foreign government bonds, municipal bonds, asset-backed securities, high quality commercial paper, and bank obligations. For purposes of this investment policy, the Fund’s Adviser (Saturna Capital Corporation) considers issuers with sustainable characteristics to be those issuers that are more established, consistently profitable, financially strong, and with robust policies in the areas of the environment, social responsibility, and corporate governance (“ESG”).
The Fund’s Adviser employs a fundamental research driven approach to stock selection and portfolio construction. The Adviser’s focus on sustainability considers financial and nonfinancial characteristics from diverse sources including regulatory filings, market data, and data supplied by third-party vendors. The Adviser uses that information to identify issuers with strong balance sheets, capable management teams with a track record of success, good cash flow, prospects for sustainable above-average earnings growth, and to assess issuers’ business models, over the long term.
The Fund’s Adviser employs a proprietary sustainable rating system based on its own, as well as third-party, data to identify issuers believed to present low risks in ESG. The use of third-party data does not include third-party ESG ratings or criteria established by third parties for third-party ratings. The Fund’s ESG evaluation process considers risks and opportunities holistically, meaning an issuer will not necessarily be excluded from investment due to any one particular factor if the overall analysis results in a favorable evaluation by the Adviser. The Fund’s Adviser also uses negative screening to exclude security issuers primarily engaged in higher ESG risk businesses such as alcohol, tobacco, pornography, weapons, gambling, and fossil fuel exploration, production, or refining. The Fund generally does not invest in any issuer with exposure to the foregoing businesses, but may invest in an issuer if the issuer is not primarily engaged in higher ESG risk businesses.
Under normal conditions, the Fund maintains a dollar-weighted average maturity of three years or more, invests at least 65% of its assets in bonds within the four highest grades (AAA, AA, A, or BBB) at the time of purchase, and may invest up to 35% in unrated and high-yield bonds (“junk bonds”).
SEBFX - Performance
Return Ranking - Trailing
Period | SEBFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.6% | -59.5% | 0.9% | 21.36% |
1 Yr | -0.3% | -15.5% | 19.7% | 19.23% |
3 Yr | -0.8%* | -4.3% | 4.2% | 22.39% |
5 Yr | 0.4%* | -2.5% | 4.1% | 43.62% |
10 Yr | N/A* | -3.0% | 2.7% | N/A |
* Annualized
Return Ranking - Calendar
Period | SEBFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.1% | -15.2% | 0.9% | 19.00% |
2022 | -9.1% | -10.9% | 12.2% | 49.48% |
2021 | -4.3% | -10.8% | 14.8% | 53.65% |
2020 | 5.9% | -15.3% | 0.6% | 71.10% |
2019 | 4.4% | -44.4% | 14.4% | 81.60% |
Total Return Ranking - Trailing
Period | SEBFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.6% | -59.5% | 0.9% | 16.50% |
1 Yr | -0.3% | -16.6% | 30.5% | 16.59% |
3 Yr | -0.8%* | -5.2% | 10.9% | 21.26% |
5 Yr | 0.4%* | -2.8% | 7.4% | 39.69% |
10 Yr | N/A* | -3.0% | 3.6% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | SEBFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.9% | -15.2% | 0.9% | 19.00% |
2022 | -8.5% | -10.9% | 12.2% | 49.48% |
2021 | -1.9% | -10.8% | 14.8% | 53.65% |
2020 | 7.0% | -15.3% | 3.8% | 78.61% |
2019 | 7.2% | -44.4% | 14.4% | 85.89% |
NAV & Total Return History
SEBFX - Holdings
Concentration Analysis
SEBFX | Category Low | Category High | SEBFX % Rank | |
---|---|---|---|---|
Net Assets | 31.3 M | 74.5 K | 14.7 B | 91.67% |
Number of Holdings | 45 | 4 | 4562 | 90.05% |
Net Assets in Top 10 | 14.1 M | -112 M | 3.66 B | 70.14% |
Weighting of Top 10 | 41.18% | 4.7% | 100.0% | 49.04% |
Top 10 Holdings
- AXASA V5.125 01/17/47 EMTN 4.95%
- MUNRE V1 05/26/42 4.71%
- CM V4.375 10/28/80 4.46%
- UU 6.875 08/15/28 4.41%
- IADB 7.5 12/05/24 GMTN 4.39%
- IBRD 5 10/07/26 GMTN 3.84%
- STT F 06/15/47 3.72%
- FABUH 5.125 10/13/27 emtN 3.70%
- MAFUAE V7.875 PERP 3.61%
- SBUX 2.45 06/15/26 3.38%
Asset Allocation
Weighting | Return Low | Return High | SEBFX % Rank | |
---|---|---|---|---|
Bonds | 96.08% | 0.00% | 220.33% | 83.89% |
Convertible Bonds | 7.59% | 0.00% | 11.19% | 0.95% |
Cash | 3.92% | -130.07% | 95.62% | 29.86% |
Stocks | 0.00% | 0.00% | 7.47% | 99.53% |
Preferred Stocks | 0.00% | 0.00% | 2.87% | 99.53% |
Other | 0.00% | -9.71% | 100.00% | 91.94% |
Bond Sector Breakdown
Weighting | Return Low | Return High | SEBFX % Rank | |
---|---|---|---|---|
Corporate | 48.75% | 0.00% | 98.62% | 3.85% |
Government | 21.90% | 0.30% | 99.47% | 96.63% |
Municipal | 10.82% | 0.00% | 7.95% | 0.96% |
Derivative | 0.00% | 0.00% | 74.77% | 100.00% |
Cash & Equivalents | 0.00% | 0.00% | 95.62% | 16.35% |
Securitized | 0.00% | 0.00% | 52.02% | 100.00% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | SEBFX % Rank | |
---|---|---|---|---|
US | 55.47% | -5.52% | 107.53% | 51.18% |
Non US | 40.62% | 0.00% | 112.80% | 69.67% |
SEBFX - Expenses
Operational Fees
SEBFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.83% | 0.02% | 3.65% | 67.94% |
Management Fee | 0.55% | 0.00% | 2.08% | 59.51% |
12b-1 Fee | N/A | 0.00% | 1.00% | 43.89% |
Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
SEBFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.00% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
SEBFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
SEBFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 65.00% | 6.00% | 354.00% | 48.52% |
SEBFX - Distributions
Dividend Yield Analysis
SEBFX | Category Low | Category High | SEBFX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 17.40% | 99.53% |
Dividend Distribution Analysis
SEBFX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
SEBFX | Category Low | Category High | SEBFX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.99% | -1.08% | 5.77% | 35.29% |
Capital Gain Distribution Analysis
SEBFX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 19, 2024 | $0.291 | OrdinaryDividend |
Dec 21, 2023 | $0.340 | OrdinaryDividend |
Dec 15, 2022 | $0.058 | OrdinaryDividend |
Dec 16, 2021 | $0.234 | OrdinaryDividend |
Jan 27, 2021 | $0.011 | OrdinaryDividend |
Nov 30, 2020 | $0.001 | OrdinaryDividend |
Oct 30, 2020 | $0.001 | OrdinaryDividend |
Sep 30, 2020 | $0.019 | OrdinaryDividend |
Aug 31, 2020 | $0.003 | OrdinaryDividend |
Jun 30, 2020 | $0.003 | OrdinaryDividend |
Apr 30, 2020 | $0.007 | OrdinaryDividend |
Mar 31, 2020 | $0.018 | OrdinaryDividend |
Feb 28, 2020 | $0.018 | OrdinaryDividend |
Jan 31, 2020 | $0.020 | OrdinaryDividend |
Dec 31, 2019 | $0.014 | OrdinaryDividend |
Nov 29, 2019 | $0.008 | OrdinaryDividend |
Oct 31, 2019 | $0.019 | OrdinaryDividend |
Sep 30, 2019 | $0.019 | OrdinaryDividend |
Aug 30, 2019 | $0.021 | OrdinaryDividend |
Jul 31, 2019 | $0.025 | OrdinaryDividend |
May 31, 2019 | $0.024 | OrdinaryDividend |
Apr 30, 2019 | $0.023 | OrdinaryDividend |
Mar 29, 2019 | $0.024 | OrdinaryDividend |
Feb 28, 2019 | $0.023 | OrdinaryDividend |
Jan 31, 2019 | $0.026 | OrdinaryDividend |
Dec 31, 2018 | $0.025 | OrdinaryDividend |
Oct 31, 2018 | $0.021 | OrdinaryDividend |
Aug 31, 2018 | $0.025 | OrdinaryDividend |
Jul 31, 2018 | $0.026 | OrdinaryDividend |
Jun 29, 2018 | $0.021 | OrdinaryDividend |
May 31, 2018 | $0.025 | OrdinaryDividend |
Apr 30, 2018 | $0.025 | OrdinaryDividend |
Mar 29, 2018 | $0.022 | OrdinaryDividend |
Feb 28, 2018 | $0.021 | OrdinaryDividend |
Jan 31, 2018 | $0.029 | OrdinaryDividend |
Dec 29, 2017 | $0.022 | OrdinaryDividend |
Nov 30, 2017 | $0.024 | OrdinaryDividend |
Oct 31, 2017 | $0.025 | OrdinaryDividend |
Sep 29, 2017 | $0.023 | OrdinaryDividend |
Aug 31, 2017 | $0.019 | OrdinaryDividend |
Jul 31, 2017 | $0.025 | OrdinaryDividend |
Jun 30, 2017 | $0.021 | OrdinaryDividend |
May 31, 2017 | $0.024 | OrdinaryDividend |
Apr 28, 2017 | $0.019 | OrdinaryDividend |
Mar 31, 2017 | $0.024 | OrdinaryDividend |
Feb 28, 2017 | $0.021 | OrdinaryDividend |
Jan 31, 2017 | $0.024 | OrdinaryDividend |
Dec 30, 2016 | $0.010 | CapitalGainShortTerm |
Dec 30, 2016 | $0.005 | CapitalGainLongTerm |
Dec 30, 2016 | $0.020 | OrdinaryDividend |
Nov 30, 2016 | $0.017 | OrdinaryDividend |
Oct 31, 2016 | $0.023 | OrdinaryDividend |
Sep 30, 2016 | $0.019 | OrdinaryDividend |
Aug 31, 2016 | $0.022 | OrdinaryDividend |
Jul 29, 2016 | $0.019 | OrdinaryDividend |
Jun 30, 2016 | $0.019 | OrdinaryDividend |
May 31, 2016 | $0.022 | OrdinaryDividend |
Apr 29, 2016 | $0.017 | OrdinaryDividend |
Mar 31, 2016 | $0.020 | OrdinaryDividend |
Feb 29, 2016 | $0.019 | OrdinaryDividend |
Jan 29, 2016 | $0.017 | OrdinaryDividend |
Dec 31, 2015 | $0.019 | OrdinaryDividend |
Nov 30, 2015 | $0.017 | OrdinaryDividend |
Oct 30, 2015 | $0.018 | OrdinaryDividend |
Sep 30, 2015 | $0.017 | OrdinaryDividend |
Aug 31, 2015 | $0.017 | OrdinaryDividend |
Jul 31, 2015 | $0.017 | OrdinaryDividend |
Jun 30, 2015 | $0.016 | OrdinaryDividend |
May 29, 2015 | $0.016 | OrdinaryDividend |
Apr 30, 2015 | $0.005 | OrdinaryDividend |
SEBFX - Fund Manager Analysis
Managers
Patrick Drum
Start Date
Tenure
Tenure Rank
Mar 27, 2015
7.18
7.2%
Mr. Patrick T. Drum MBA, CFA®, CFP®, deputy portfolio manager of Sextant Global High Income Fund, joined Saturna Capital in 2014. He is also portfolio manager of Saturna Sustainable Bond Fund and Amana Participation Fund. From 2007 to 2014, Mr. Drum was a senior portfolio manager with the Arbor Group at UBS Financial Services specializing in the investment of non-US fixed income portfolios employing an ESG screening process.
Elizabeth Alm
Start Date
Tenure
Tenure Rank
Dec 31, 2019
2.42
2.4%
Ms. Elizabeth Alm CFA®, is a senior investment analyst and deputy portfolio manager for Saturna Capital Corporation. From 2007 to 2018, Ms. Alm was a senior research analyst with Wells Fargo Asset Management focusing on high-yield municipal bonds.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.02 | 28.31 | 6.8 | 3.67 |