NPORT-P false 0000811860 XXXXXXXX S000022512 C000065113 SATURNA INVESTMENT TRUST 811-05071 0000811860 549300DUR2XVDJBC5412 1300 NORTH STATE STREET BELLINGHAM 982254730 3607349900 Sextant Bond Income Fund S000022512 54930026MZ8MI1RLWU86 2020-11-30 2020-05-31 N 13489898.020000000000 3732.410000000000 13486165.610000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 N Affiliated Managers Group N/A 008252AN8 250000 NS USD 268405.82 1.9902307873 Long DBT CORP US N 2 2025-08-01 Fixed 3.500000000000 N N N N N N Alabama Power (SO) N/A 010392FL7 200000 NS USD 236094.47 1.7506419306 Long DBT CORP US N 2 2044-08-15 Fixed 4.150000000000 N N N N N N Apple N/A 037833BW9 350000 NS USD 456827.92 3.3873818045 Long DBT CORP US N 2 2036-02-23 Fixed 4.500000000000 N N N N N N Baker Hughes N/A 057224AK3 100000 NS USD 120871.38 0.8962620177 Long DBT CORP US N 2 2029-01-15 Fixed 6.875000000000 N N N N N N Bank Of New York Mellon MTN N/A 06406YAA0 250000 NS USD 275993.88 2.0464962984 Long DBT CORP US N 2 2029-08-23 Fixed 3.300000000000 N N N N N N Becton Dickinson N/A 075887AQ2 240000 NS USD 298468.39 2.2131449267 Long DBT CORP US N 2 2028-08-01 Fixed 6.700000000000 N N N N N N Blaine Co. ID SCD #61 Hailey N/A 092726AB4 250000 NS USD 251692.5 1.8663014179 Long DBT CORP US N 2 2020-08-01 Fixed 5.250000000000 N N N N N N Burlington Northern Santa Fe N/A 12189LAC5 310000 NS USD 403576.62 2.9925230912 Long DBT CORP US N 2 2041-03-01 Fixed 5.050000000000 N N N N N N Canadian Natural Resources N/A 136385AE1 225000 NS USD 245342.3 1.8192146463 Long DBT CORP CA N 2 2033-06-30 Fixed 6.450000000000 N N N N N N Deere & Co. N/A 244199AZ8 95000 NS USD 138988.01 1.0305969393 Long DBT CORP US N 2 2030-05-15 Fixed 8.100000000000 N N N N N N Entergy Louisiana N/A 29364WAK4 200000 NS USD 237280.88 1.7594391680 Long DBT CORP US N 2 2024-11-01 Fixed 5.400000000000 N N N N N N Florida Power & Light N/A 341081ER4 100000 NS USD 144157.92 1.0689318533 Long DBT CORP US N 2 2033-10-01 Fixed 5.950000000000 N N N N N N Home Depot Inc N/A 437076AS1 200000 NS USD 290599.48 2.1547969112 Long DBT CORP US N 2 N N N Idaho Hsg & Fin GARVEE BAB A-2 N/A 45129WJY7 180000 NS USD 180819 1.3407739845 Long DBT CORP US N 2 2020-07-15 Fixed 5.379000000000 N N N N N N Intel N/A 458140AN0 360000 NS USD 444286.98 3.2943906582 Long DBT CORP US N 2 2032-12-15 Fixed 4.000000000000 N N N N N N Johnson & Johnson N/A 478160AL8 226000 NS USD 311331.63 2.3085259295 Long DBT CORP US N 2 2033-05-15 Fixed 4.950000000000 N N N N N N Johnson & Johnson N/A 478160AT1 50000 NS USD 74452.96 0.5520691511 Long DBT CORP US N 2 2038-07-15 Fixed 5.850000000000 N N N N N N Johnson Co KS Bldg Ls/Pr RevBAB N/A 478497UA6 250000 NS USD 251050 1.8615372765 Long DBT CORP US N 2 2026-09-01 Fixed 4.600000000000 N N N N N N Lowe's N/A 548661CL9 250000 NS USD 323087.44 2.3956953321 Long DBT CORP US N 2 2036-10-15 Fixed 5.800000000000 N N N N N N Medtronic Inc (USA Registered 144a) N/A 585055BT2 260000 NS USD 331729.18 2.4597738868 Long DBT CORP US N 2 2035-03-15 Fixed 4.375000000000 N N N N N N Microsoft N/A 594918AM6 50000 NS USD 73822.62 0.5473951762 Long DBT CORP US N 2 2041-02-08 Fixed 5.300000000000 N N N N N N Microsoft N/A 594918BK9 350000 NS USD 459760.11 3.4091240112 Long DBT CORP US N 2 2035-11-03 Fixed 4.200000000000 N N N N N N Statoil (Norsk Hydro Yankee) N/A 656531AJ9 224000 NS USD 299378.63 2.2198943618 Long DBT CORP NO N 2 2029-01-15 Fixed 7.150000000000 N N N N N N Oklahoma City Fin Auth Ed Lease Rev N/A 67868UCB7 160000 NS USD 177444.8 1.3157542709 Long DBT CORP US N 2 2022-09-01 Fixed 6.600000000000 N N N N N N Praxair Inc. (Linde Ag) N/A 74005PBD5 350000 NS USD 389296.7 2.8866373976 Long DBT CORP US N 2 2042-11-07 Fixed 3.550000000000 N N N N N N Puget Sound Energy (Macquarie) N/A 745332CE4 300000 NS USD 349368.7 2.5905710348 Long DBT CORP US N 2 2041-11-15 Fixed 4.434000000000 N N N N N N Quebec Canada Yankee N/A 748148PD9 175000 NS USD 214714.45 1.5921089523 Long DBT CORP CA N 2 2024-02-09 Fixed 7.125000000000 N N N N N N San Marcos Texas ULTD GO BAB N/A 798764V37 200000 NS USD 201954 1.4974901380 Long DBT CORP US N 2 2030-08-15 Fixed 6.028000000000 N N N N N N Merck & Co. (Schering) N/A 806605AG6 215000 NS USD 328894.52 2.4387548656 Long DBT CORP US N 2 2033-12-01 Fixed 6.500000000000 N N N N N N UBS AG Stamford CT N/A 870845AC8 200000 NS USD 253284.3 1.8781046246 Long DBT CORP CH N 2 2026-09-01 Fixed 7.750000000000 N N N N N N Teva Pharmaceutical N/A 88166JAA1 250000 NS USD 246250 1.8259452473 Long DBT CORP IL N 2 2021-11-10 Fixed 3.650000000000 N N N N N N Unilever Capital N/A 904764AH0 200000 NS USD 287749.91 2.1336673323 Long DBT CORP US N 2 2032-11-15 Fixed 5.900000000000 N N N N N N United States Treasury Bond N/A 912810FG8 170000 NS USD 237667.97 1.7623094427 Long DBT CORP US N 2 2029-02-15 Fixed 5.250000000000 N N N N N N United States Treasury Bond N/A 912810FJ2 225000 NS USD 337086.91 2.4995014873 Long DBT CORP US N 2 2029-08-15 Fixed 6.125000000000 N N N N N N United States Treasury Bond N/A 912810FM5 75000 NS USD 115898.44 0.8593876373 Long DBT CORP US N 2 2030-05-15 Fixed 6.250000000000 N N N N N N United States Treasury Bond N/A 912810FP8 400000 NS USD 596468.75 4.4228194080 Long DBT CORP US N 2 2031-02-15 Fixed 5.375000000000 N N N N N N United States Treasury Bond N/A 912810QB7 770000 NS USD 1191875.78 8.8377661558 Long DBT CORP US N 2 2039-05-15 Fixed 4.250000000000 N N N N N N United States Treasury Bond N/A 912810QT8 145000 NS USD 196033.2 1.4535873700 Long DBT CORP US N 2 2041-11-15 Fixed 3.125000000000 N N N N N N United States Treasury Bond N/A 912810SE9 260000 NS USD 382098.44 2.8332622559 Long DBT CORP US N 2 2048-11-15 Fixed 3.375000000000 N N N N N N United States Treasury Note N/A 912828PX2 370000 NS USD 378946.49 2.8098905275 Long DBT CORP US N 2 2021-02-15 Fixed 3.625000000000 N N N N N N United Technologies Corp N/A 913017BK4 250000 NS USD 346799.01 2.5715167678 Long DBT CORP US N 2 2036-06-01 Fixed 6.050000000000 N N N N N N 2020-06-15 SATURNA INVESTMENT TRUST Christopher Fankhauser Christopher Fankhauser Treasurer