Fund Evaluator:
Saturna Global Sustainable Bond (SEBFX)
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Best Performing in Global Bond Over the Last Year
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| 3.7% | Invesco Global Strategic Income Y (OSIYX) |
| 2.7% | Amana Participation Investor (AMAPX) |
| 2.6% | DoubleLine Global Bond N (DLGBX) |
Fund Details
Saturna Global Sustainable Bond Overview
Saturna Global Sustainable Bond (SEBFX) is an actively managed Taxable Bond Global Bond fund. Saturna Capital launched the fund in 2015.
The investment seeks current income and capital preservation. The fund invests at least 80% of its net assets in bonds of issuers located throughout the world that the adviser believes demonstrate sustainable characteristics. The adviser 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"). It invests at least 65% of its assets in bonds within the four highest grades (AAA, AA, A, or BBB) and may invest up to 35% in unrated and junk bonds.
About Saturna Global Sustainable Bond (SEBFX)
There are 3 members of the management team with an average tenure of 6.09 years: Patrick Drum (2015), Elizabeth Alm (2019), Pierce McCrerey (2026). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Bloomberg Global Aggregate TR USD index with a weighting of 100%. Saturna Global Sustainable Bond has 93 securities in its portfolio. The top 10 holdings constitute 34.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is considered to have an ESG focus with its investment selection and management.
Saturna Global Sustainable Bond is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Saturna Global Sustainable Bond has 71.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 97.4% (26.3% domestic bond, 71.1% foreign bond and 0.0% convertible bond). Saturna Global Sustainable Bond has 2.6% of the portfolio in cash.
Assets Under Management
The fund has $101 million in total assets, which is below the $422 million average for the Global Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
SEBFX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Saturna Global Sustainable Bond expense ratio is above average compared to funds in the Global Bond category. Saturna Global Sustainable Bond has an expense ratio of 0.60%, which is 38% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Saturna Global Sustainable Bond has a portfolio turnover rate of 37%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 152% for the Global Bond category.
Recently, in the month of July 2026, Saturna Global Sustainable Bond returned -0.3%, which earned it a grade of B, as the Global Bond category had an average return of -0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Saturna Global Sustainable Bond has a trailing yield of 3.84%, which is below the 4.17% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Saturna Global Sustainable Bond Grades
Year to date, the fund has returned 1.4%, 1.6 percentage points better than the category, which translates into a grade of A. The fund has returned 5.1% over the past year (grade of A), 4.2% over the past three years (grade of B) and 1.2% per year over the past five years (grade of B) and 2.0% per year over the past 10 years (grade of B).
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SEBFX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| SEBFX Return (NAV) | -0.3% | 0.1% | 5.1% | 4.2% | 1.2% | 2.0% |
| SEBFX Grade | B | B | A | B | B | B |
| +/- Category | 0.0% | 0.3% | 2.3% | 0.4% | 1.9% | 1.1% |
| Global Bond Avg | -0.3% | -0.2% | 2.9% | 3.8% | -0.7% | 0.9% |
| SEBFX Tax Cost Ratio | na | na | 1.5% | 1.4% | 1.0% | 0.9% |
SEBFX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SEBFX Return (NAV) | 1.4% | 10.1% | -0.7% | 6.9% | -8.5% | -1.9% | 6.8% | 7.1% | -3.2% | 5.9% | 1.9% |
| SEBFX Grade | A | B | C | B | A | B | D | C | D | F | F |
| +/- Category | 1.6% | 0.6% | 0.3% | 0.4% | 5.3% | 2.6% | -1.0% | -0.1% | -1.0% | -2.0% | -1.8% |
| Global Bond Avg | -0.2% | 9.5% | -1.0% | 6.5% | -13.9% | -4.5% | 7.8% | 7.2% | -2.1% | 7.9% | 3.7% |
| Risk Measures | |
| Standard Deviation: | 4.8% |
| Total Risk Index: | 0.39 - Low |
| Category Risk Index: | 0.69 - Low |
| Category Risk Grade: | A (20% Rank) |
| Beta: | 0.74 |
| R-Squared: | 74% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | na |
| Yield: | 3.8% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $101 Mil |
| Fund Total Assets: | $ 102 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 37% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 11.4 years | |||
| Average Tenure: 6.1 years | |||
| Managers (Year): Drum Patrick (2015), Alm Elizabeth (2019), McCrerey Pierce (2026) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 93 |
| % in Top 10 Holdings: | 34.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 71.1% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 26.3% |
| Foreign Bond: | 71.1% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.6% |
Purchase Information
| Fund Family: | Saturna Capital |
| Phone Number: | 800-728-8762 |
| Website: | www.saturna.com |
| Status: | Open |
| Inception Date: | March 27, 2015 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.60% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 0.96% |
| Share Class: | Saturna Global Sustainable Bond |
| Min. Subsequent Purchase: | $ 25 |
| Min. Subsequent IRA Purchase: | $ 0 |
