Saturna International Fund Z Shares (SIFZX) is a mutual fund managed by Saturna Capital Corporation that seeks long-term capital growth by investing primarily in equity securities of non-U.S. companies domiciled or conducting a majority of their business outside the United States. The fund normally allocates at least 80% of its net assets to such equities, focusing on established companies across sectors including industrials (approximately 39%), information technology (37%), health care (8%), materials (8%), and consumer discretionary (7%); it emphasizes large- and mid-cap stocks from developed markets, with benchmark comparisons to the MSCI EAFE Index and Bloomberg Developed Markets ex-US Large & Mid Cap Index. Geographic exposure centers on international developed markets such as Europe, Japan, and Asia ex-Japan, with top holdings typically representing quality growth stocks exhibiting strong earnings and cash flow growth.
Saturna Capital Corporation, founded in 1989 and headquartered in Bellingham, Washington, serves as the investment adviser, managing a suite of sustainable and value-oriented funds including the Saturna Sustainable, Saturna, and Amana families for individuals and institutions. The firm maintains a presence in Kuala Lumpur, Malaysia, through its wholly-owned subsidiary Saturna Sdn. Bhd., a licensed Islamic fund manager established in 2010 that oversees Sharia-compliant products like the ASEAN Equity Fund and ICD Global Sustainable Fund.
In recent developments, Saturna Capital marked the 10th anniversary of the Amana Participation Fund in September 2025, highlighting a decade of global sukuk investments under portfolio managers Patrick T. Drum and Elizabeth Wroblewski Alm. The firm expanded its portfolio in the second quarter of 2025 by acquiring a new position in Barrick Mining Corporation valued at approximately $3.7 million and adding shares in Monolithic Power Systems. Additionally, in November 2025, portfolio manager Elizabeth Alm discussed sukuk markets on the EisnerAmper Podcast, while the company released its fiscal year 2024-2025 review underscoring commitments to ethical and values-driven investing.