In the changing environment for investment products and uncertainty around the Department of Labor’s Fiduciary rule, Saturna prioritizes investors’ best interest,” says Saturna Capital’s CEO, Jane Carten.
Bellingham, WA (PRWEB)
August 09, 2017
Saturna Capital Corporation (Saturna), investment adviser to the Sextant, Saturna Sustainable, and Amana Mutual Funds, announces the launch of Z Shares for the Sextant Growth (SGZFX) and Sextant International Funds (SIFZX). The Z class shares are a lower-cost option with no sales loads and distribution or service fees (known as 12b-1 fees).
With the launch of the new shares, all of Saturna’s mutual funds now have a Clean share option for professional and individual investors. “Our Clean shares offering is intended to meet the growing demand for lower costs and fee transparency in the mutual fund industry. In the changing environment for investment products and uncertainty around the Department of Labor’s Fiduciary rule, Saturna prioritizes investors’ best interest,” says Saturna Capital’s CEO, Jane Carten.
The Z shares differ from Investor shares with lower expense ratios, potentially different distributions, different Net Asset Values (NAV) and returns, and different ticker symbols. The investment objective of each fund and minimum investment amounts remain the same. Shareholders of both funds were automatically moved to the new share class on July 11th unless otherwise requested.
“As a values-based investing firm, Saturna maintains a ‘clean culture’ in all aspects of the business and the Z share launch is part of that focus. This practice includes our Malaysian subsidiary, which recently launched a global, sustainable equity fund with an innovative fee structure for that market, with low and transparent…