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Trending ETFs

Saturna Sustainable Bond Fund

mutual fund
SEBFX
Payout Change
Suspended
Price as of:
$9.26 -0.01 -0.11%
primary theme
N/A
share class
SEBFX (Mutual Fund)

Saturna Sustainable Bond Fund

Payout Change
Suspended
Price as of:
$9.26 -0.01 -0.11%
primary theme
N/A
share class
SEBFX (Mutual Fund)

Saturna Sustainable Bond Fund

Payout Change
Suspended
Price as of:
$9.26 -0.01 -0.11%
primary theme
N/A
share class

Name

As of 12/09/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.26

$31.3 M

0.00%

0.83%

Vitals

YTD Return

0.2%

1 yr return

3.0%

3 Yr Avg Return

-0.5%

5 Yr Avg Return

0.6%

Net Assets

$31.3 M

Holdings in Top 10

41.2%

52 WEEK LOW AND HIGH

$9.3
N/A
N/A

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 12/09/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.26

$31.3 M

0.00%

0.83%

SEBFX - Profile

Distributions

  • YTD Total Return 0.2%
  • 3 Yr Annualized Total Return -0.5%
  • 5 Yr Annualized Total Return 0.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.99%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Saturna Sustainable Bond Fund
  • Fund Family Name
    Saturna Sustainable Funds
  • Inception Date
    Mar 27, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Patrick 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”). 

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SEBFX - Performance

Return Ranking - Trailing

Period SEBFX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -59.5% 0.9% 21.36%
1 Yr 3.0% -15.5% 19.7% 19.23%
3 Yr -0.5%* -4.3% 4.2% 22.39%
5 Yr 0.6%* -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 0.2% -59.5% 0.9% 16.50%
1 Yr 3.0% -16.6% 30.5% 16.59%
3 Yr -0.5%* -5.2% 10.9% 21.26%
5 Yr 0.6%* -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

  1. AXASA V5.125 01/17/47 EMTN 4.95%
  2. MUNRE V1 05/26/42 4.71%
  3. CM V4.375 10/28/80 4.46%
  4. UU 6.875 08/15/28 4.41%
  5. IADB 7.5 12/05/24 GMTN 4.39%
  6. IBRD 5 10/07/26 GMTN 3.84%
  7. STT F 06/15/47 3.72%
  8. FABUH 5.125 10/13/27 emtN 3.70%
  9. MAFUAE V7.875 PERP 3.61%
  10. 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

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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