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      <regZipOrPostalCode>982254730</regZipOrPostalCode>
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      <seriesId>S000004771</seriesId>
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      <repPdEnd>2026-11-30</repPdEnd>
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      <totLiabs>90195.600000000000</totLiabs>
      <netAssets>75703737.880000000000</netAssets>
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      <assetsInvested>0.000000000000</assetsInvested>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>STRYKER CORP</name>
        <lei>N/A</lei>
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          <ticker value="SYK"/>
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        <fairValLevel>1</fairValLevel>
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        <name>APPLE INC</name>
        <lei>N/A</lei>
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          <ticker value="AAPL"/>
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        <fairValLevel>1</fairValLevel>
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        <name>MICROSOFT CORP</name>
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      <invstOrSec>
        <name>ADOBE INC</name>
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          <ticker value="ADBE"/>
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        <fairValLevel>1</fairValLevel>
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        <name>MASTERCARD INC-A</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>ALPHABET INC-A</name>
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          <ticker value="GOOGL"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NEXTERA ENERGY</name>
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          <ticker value="NEE"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CORTEVA INC</name>
        <lei>N/A</lei>
        <title>CORTEVA INC</title>
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          <ticker value="CTVA"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NVIDIA</name>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Monolithic Power Systems</name>
        <lei>N/A</lei>
        <title>Monolithic Power Systems</title>
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          <ticker value="MPWR"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Monster Beverage</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Facebook Inc</name>
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        <title>Facebook Inc</title>
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          <ticker value="META"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Motorola Solutions Inc.</name>
        <lei>N/A</lei>
        <title>Motorola Solutions Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Boston Scientific Corp</name>
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        <title>Boston Scientific Corp</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Advanced Micro Devices</name>
        <lei>N/A</lei>
        <title>Advanced Micro Devices</title>
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          <ticker value="AMD"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Republic Services Inc</name>
        <lei>N/A</lei>
        <title>Republic Services Inc</title>
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          <ticker value="RSG"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>O'Reilly Automotive Inc.</name>
        <lei>N/A</lei>
        <title>O'Reilly Automotive Inc.</title>
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        <pctVal>2.4181897107</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ServiceNow</name>
        <lei>N/A</lei>
        <title>ServiceNow</title>
        <cusip>81762P102</cusip>
        <identifiers>
          <isin value="US81762P1021"/>
          <ticker value="NOW"/>
        </identifiers>
        <balance>10500</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1134105</valUSD>
        <pctVal>1.4980832278</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Broadcom Ltd</name>
        <lei>N/A</lei>
        <title>Broadcom Ltd</title>
        <cusip>11135F101</cusip>
        <identifiers>
          <isin value="US11135F1012"/>
          <ticker value="AVGO"/>
        </identifiers>
        <balance>12750</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4074262.5</valUSD>
        <pctVal>5.3818511663</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EMCOR GROUP INC</name>
        <lei>N/A</lei>
        <title>EMCOR GROUP INC</title>
        <cusip>29084Q100</cusip>
        <identifiers>
          <isin value="US29084Q1004"/>
          <ticker value="EME"/>
        </identifiers>
        <balance>1600</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1159392</valUSD>
        <pctVal>1.5314858057</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JOHNSON CONTROLS</name>
        <lei>N/A</lei>
        <title>JOHNSON CONTROLS</title>
        <cusip>G51502105</cusip>
        <identifiers>
          <isin value="IE00BY7QL619"/>
          <ticker value="JCI"/>
        </identifiers>
        <balance>12160</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1754688</valUSD>
        <pctVal>2.3178353528</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>QUANTA SERVICES</name>
        <lei>N/A</lei>
        <title>QUANTA SERVICES</title>
        <cusip>74762E102</cusip>
        <identifiers>
          <isin value="US74762E1029"/>
          <ticker value="PWR"/>
        </identifiers>
        <balance>3700</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2083396</valUSD>
        <pctVal>2.7520384836</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ferguson</name>
        <lei>N/A</lei>
        <title>Ferguson</title>
        <cusip>31488V107</cusip>
        <identifiers>
          <isin value="US31488V1070"/>
          <ticker value="FERG"/>
        </identifiers>
        <balance>6250</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1629750</valUSD>
        <pctVal>2.1527999087</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CRH</name>
        <lei>N/A</lei>
        <title>CRH</title>
        <cusip>G25508105</cusip>
        <identifiers>
          <isin value="IE0001827041"/>
          <ticker value="CRH"/>
        </identifiers>
        <balance>7000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>839860</valUSD>
        <pctVal>1.1094036088</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Amphenol Corp</name>
        <lei>N/A</lei>
        <title>Amphenol Corp</title>
        <cusip>032095101</cusip>
        <identifiers>
          <isin value="US0320951017"/>
          <ticker value="APH"/>
        </identifiers>
        <balance>13400</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1957204</valUSD>
        <pctVal>2.5853465824</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-03-01</ncom:dateSigned>
      <ncom:nameOfApplicant>SATURNA INVESTMENT TRUST</ncom:nameOfApplicant>
      <ncom:signature>Christopher Fankhauser</ncom:signature>
      <ncom:signerName>Christopher Fankhauser</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
