Saturna Investment Trust
09/28/2026 | Press release | Distributed by Public on 09/28/2026 13:05
Summary Prospectus by Investment Company (Form 497K)
Saturna Investment Trust
Saturna International Fund (the "Fund")
Supplement Dated September 28, 2026, to the Summary Prospectus and Prospectus dated March 30, 2026
NOTICE REGARDING PORTFOLIO MANAGER CHANGES
Effective September 28, 2026, the Fund's adviser instituted a three person team of portfolio managers for the Fund sharing equal say and responsibility for portfolio decisions. The Funds' portfolio managers are: Mr. Levi Stewart Zurbrugg, Mr. Tae Han ("Simon") Kim, and Mr. Rajasekhar Ravishankar. Any references to deputy portfolio managers are hereby stricken.
Effective September 28, 2026, the following is added to the paragraph entitled "Portfolio Managers" on page 9 of the Fund's Summary Prospectus is replaced with the following:
Mr. Levi Stewart Zurbrugg MBA, CFA®, CPA®, a senior investment analyst and portfolio manager of Saturna, has been a portfolio manager of the fund since 2026. Mr. Tae Han ("Simon") Kim, CFA®, a senior investment analyst and portfolio manager at Saturna, has been a portfolio manager of the fund since 2026. Mr. Rajasekhar Ravishankar CFA®, an equity analyst and portfolio manager at Saturna, has been a portfolio manager of the fund since 2026.
* * * * * *
This Supplement should be read in conjunction with the current Summary Prospectus and Prospectus identified above, each dated March 30, 2026.
PLEASE KEEP THIS SUPPLEMENT FOR FUTURE REFERENCE.
Statement of Additional Information Revisions
Effective September 28, 2026, pages 20-21 of the Funds' Statement of Additional Information are hereby striken and replaced with the following:
Portfolio Managers
All Saturna Capital employees, including Mr. Bryce R. Fegley, Ms. Elizabeth W. Alm, Mr.Patrick T. Drum, Mr. William B. Jones IV, Mr. Tae Han ("Simon") Kim, Mr. Jason Mitchell, Mr. Levi Stewart Zurbrugg, Mr. Rajasekhar Ravishankar, Mr. Pierce S. McCrerey, and other portfolio managers are paid an annual salary, as set by the board of Saturna Capital. Saturna Capital also pays bonuses that are partly dependent on the profits of Saturna Capital and may also reflect the results of specific managed accounts or specific businesses of Saturna Capital. As owners of shares and/or stock options of Saturna Capital Corporation, Ms. Alm and Messrs. Drum, Fegley, Jones IV, Kim, Mitchell, Zurbrugg, Ravishankar, and McCrerey, may benefit from any increase in its value per share that might result from its operations or profits. They may also receive dividends on shares of Saturna Capital. All Saturna Capital employees are eligible for a retirement plan, health care and other benefits, and a stock option plan. Stock options are annually awarded on the basis of years of service, and not individual performance. Mutual fund portfolio managers are compensated with salary and discretionary bonus based on quantitative and qualitative factors.
Saturna Capital's portfolio managers may manage multiple accounts, including mutual funds and separate accounts for individuals, investment partnerships, pension funds, and charities. Portfolio managers make investment decisions for each account based on the investment objectives, policies, practices, and other relevant investment considerations that the managers believe are applicable to that account. The management of multiple accounts may give rise to potential conflicts of interest when the accounts have similar or different objectives, benchmarks, time horizons, and fees because the portfolio manager must allocate their time and investment ideas across multiple accounts. Consequently, a manager may purchase (or sell) a security for one account and not for another. The adviser has adopted policies designed to fairly allocate securities purchased or sold on an aggregated basis. Transactions executed for one account may adversely affect the value of securities held by other accounts. Securities selected for some accounts may outperform the securities selected for others. A portfolio manager's compensation plan may give rise to potential conflicts of interest. To reduce this risk, a mutual fund portfolio manager's account performance bonus depends upon the Fund's overall Morningstar™ rating, which derives from investment results over the last three, five, and ten years. A manager's compensation tends to increase with assets under management, which in turn may increase the value of Saturna Capital Corporation.
PM Table:
| Portfolio Managers (as of November 30, 2025) | ||||
| Portfolio Manager: | Trust portfolios served as primary manager (assets): | Other investment company portfolios served as primary manager (assets): | Other pooled investment vehicles served as primary manager (assets): | Other accounts (assets): |
| Elizabeth W. Alm |
Saturna Bond Income ($12,301,699)A Saturna Short-Term Bond Fund ($14,414,327) A Saturna Core Fund ($31,290,511)B Saturna Global Sustainable Bond FundC ($60,147,128)B |
Amana Participation Fund ($267,741,244) B | None | None |
| Jane K. Carten |
Saturna Sustainable Equity Fund ($25,663,665)D |
None | None | None |
| Patrick T. Drum |
Saturna Global Sustainable Bond FundC ($60,147,128) |
Amana Participation Fund ($267,741,244) | None | None |
| Bryce R. Fegley |
Saturna Global High Income Fund ($12,042,565) E Saturna Core Fund ($31,290,511) |
Amana Income Fund ($2,187,058,534)B |
None |
Three ($19,973,388) |
| William B. Jones IV |
Saturna Growth Fund ($86,589,255) |
None |
Four ($89,284,118)B, F |
None |
| Dan Kim | Saturna International Fund ($80,944,210)G | None | None | Thirty-Three ($70,378,223) G |
| Tae Han "Simon" Kim |
Saturna International Fund ($80,944,210)H Saturna Growth Fund ($86,589,255)B |
Amana Income Fund ($2,187,058,534)B Amana Growth Fund ($6,054,394,688)B |
None | None |
| Pierce S. McCrerey |
Saturna Core Fund ($31,290,511)B Saturna Global Sustainable Bond FundC ($60,147,128)B |
Amana Participation Fund ($267,741,244) B | None | None |
| Jason S. Mitchell |
Saturna Growth Fund ($86,589,255) B |
Amana Growth Fund ($6,054,394,688)B |
Four ($89,284,118)B,F |
None |
| Mr. Rajasekhar Ravishankar | Saturna International Fund ($80,944,210)B |
Amana Developing World ($156,607,527)B |
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| Levi S. Zurbrugg | Saturna International Fund ($80,944,210)B | Amana Growth Fund ($6,054,394,688)B |
Four ($89,284,118)F |
Thirteen ($41,327,820) |
A Portfolio Manager of Saturna Bond Income and Saturna Short-Term Bond Fund until March 20, 2026, which merged into the Saturna Global Sustainable Bond Fund.
B Portfolio Manager as of September 28, 2026.
C As of March 30, 2026, the Saturna Sustainable Bond Fund was renamed the Saturna Global Sustainable Bond Fund.
D Portfolio Manager of Saturna Sustainable Equity Fund until March 20, 2026, which merged into the Saturna International Fund.
E Portfolio Manager of Saturna Global High Income Fund until March 20, 2026, which merged into the Saturna Core Fund.
F Assets managed by the team include assets managed in exchange for a performance fee.
G Portfolio Manager until April 6, 2026.
H Portfolio Manager as of April 6, 2026.
PM Ownership Table
| Portfolio Manager Fund Ownership (as of November 30, 2025) | |
| Dollar range of equity securities in Saturna Investment Trust Funds owned beneficially by Portfolio Managers | |
| Elizabeth W. Alm | Saturna Short-Term Bond*: $1-$10,000 |
| Saturna Sustainable Equity*: $1-$10,000 | |
| Jane K. Carten | Saturna Growth Z Shares: $500,001-$1,000,000 |
| Saturna International Z Shares: $50,001-$100,000 | |
| Saturna Core: $100,001-$500,000 | |
| Saturna Bond Income*: $1-$10,000 | |
| Saturna Global High Income*: $10,001-$50,000 | |
| Saturna Sustainable Equity*: over $1,000,000 | |
| Saturna Sustainable Bond*: $50,001-$100,000 | |
| Patrick T. Drum | Saturna Core: $1-$10,000 |
| Bryce R. Fegley | Saturna International: $10,001-$50,000 |
| Saturna International Z Shares: $100,001-$500,000 | |
| Saturna Global High Income*: $100,001-$500,000 | |
| William B. Jones IV | Saturna Sustainable Equity*: $10,001-$50,000 |
| Dan Kim (until April 6, 2026) | Saturna International Z Shares: $100,001-$500,000 |
| Pierce McCrerey | Saturna Growth Z Shares: $10,001-$50,000 |
| Saturna International Z Shares: $10,001-$50,000 | |
| Saturna Sustainable Equity*: $1-$10,000 | |
| Saturna Sustainable Bond*: $10,001-$50,000 | |
| Levi S. Zurbrugg | Saturna International Z Shares: $1-$10,000 |
| Saturna Core: $100,001-$500,000 | |
| Saturna Bond Income*: $10,001-$50,000 | |
| Saturna Sustainable Bond*: $10,001-$50,000 | |
*As of March 20, 2026, the Saturna Bond Income Fund and the Saturna Short-Term Bond Fund merged into the Saturna Sustainable Bond Fund, and the Saturna Global High Income Fund merged into the Saturna Core Fund, and Saturna Sustainable Equity Fund merged into the Saturna International Fund. As of March 30, 2026, the Saturna Sustainable Bond Fund was renamed the Saturna Global Sustainable Bond Fund.
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