Saturna Growth Fund - Z Shares · NASDAQ:SGZFX

Saturna Growth Fund - Z Shares — Saturna Capital — Debt Investor Presentation (September 2021)

14 slides from Saturna Growth Fund - Z Shares's debt investor presentation, Sep 15, 2021

Slide 1: State of the Municipal Bond Market
State of the Municipal Bond Market Current Landscape and Themes for 2021 Presented in support of: September 15, 2021 © 2021 Saturna Capital Corporation
Slide 2: Today's Presenters
Today’s Presenters Elizabeth W. Alm CFA® Gus Grefthen Senior Investment Analyst Investment Product Portfolio Manager Wholesaler • Education: degrees in Economics • Education: BA in Kinesiology – from and Anthropology from New York Western Washington University University • Nearly 5 years experience
Slide 3: Important Disclosures
Please consider an investment’s objectives, risks, charges, and expenses carefully before Important investing. For this and other important information about Saturna’s Funds, please obtain and carefully read a free prospectus or summary prospectus from your financial adviser, at www.saturna.com, or
Slide 8: Positive Year to Date Returns
Positive Year As of July 31, 2021 1 Month YTD US Long Aggregate 2.78% -1.98% to Date US Treasurys 1.36% -1.25% Returns US Corporate Investment Grade Idaho Tax-Exempt Fund 1.37% 0.50% 0.08% 0.87% Municipal Bonds 0.83% 1.90% US Corporate High Yield 0.38% 4.01% Municipal High Yield (non-Investment Grad
Slide 9: Munis Benefit from being uncorrelated
Correlation Matrix of Select Asset Classes Munis Benefit US Corporate US Corporate Aggregate Idaho Tax- from being S&P 500 Treasury High Yield Investment Grade Municipal Bond Exempt Fund uncorrelated S&P 500 1.00 0.03 0.12 0.58 0.13 0.15 US Treasury 0.03 1.00 0.96 0.07 0.42 0.39 to other asset US Co
Slide 10: Standardized Performance
Standardized As of June 30, 2021 1 Year 5 Year 10 Year Expense Ratio S&P 500 Index 40.79% 17.64% 14.83% n/a Performance US Corporate High Yield 15.37% 7.48% 6.65% n/a Municipal High Yield 14.34% 6.19% 6.97% n/a S&P Idaho Municipal Index 4.62% 3.19% 4.60% n/a Municipal Bonds 4.17% 3.25% 4.28% n/a US
Slide 11: Why Idaho Tax-Exempt Fund?
Why Idaho Tax-Free Yield Tax Equivalent Yield = Tax-Exempt (1 – investor’s federal tax bracket %) Fund? Tax Free Yield Tax Bracket Tax Equivalent Yield 0.67% 25% 0.89% 0.67% 28% 0.93% 0.67% 35% 1.03% The information and example above are provided for illustrative and educational purposes. They are n
Slide 12: Risks of Investing in the Idaho Tax-Exempt Fund
Risks: Fund share prices, yields, and total returns will change with market fluctuations as well as the fortunes of the countries, industries, and companies in which it invests. Idaho Tax-Exempt Fund risks depend primarily on the terms and quality of the Risks of obligations in the Fund’s portfolio,

Saturna Capital — Debt Investor Presentation (September 2021) on 6ix

Saturna Growth Fund - Z Shares — Saturna Capital — Debt Investor Presentation (September 2021)

Slide 1: State of the Municipal Bond Market

Slide 2: Today's Presenters

Slide 3: Important Disclosures

Slide 4: State Tax Revenue Changes

Slide 5: State Tax Revenue Changes

Slide 6: Demographic Shifts

Slide 7: Demographic Shifts - COVID-19

Slide 8: Positive Year to Date Returns

Slide 9: Munis Benefit from being uncorrelated

Slide 10: Standardized Performance

Slide 11: Why Idaho Tax-Exempt Fund?

Slide 12: Risks of Investing in the Idaho Tax-Exempt Fund

Slide 13: Climate Impact are Uneven

Slide 14: Thank You!