Fund Literature:

• Fact Sheet
• Summary Prospectus
• Statutory Prospectus
• Annual Report
• Semi-Annual Report
• Statement of Additional Information

Important Information About Sextant Short-Term Bond Fund:

• Disclosure of Portfolio Holdings
• Form N-Q
• Month-end Portfolio Schedule
• Renewal of Investment Advisory Contract
• Board Governance Policy
• Business Continuity Plan Summary

Sextant Short-Term Bond Fund (STBFX): Ratings & Awards

Morningstar Ratings

Month-end as of 04/30/2012	Overall	10 Year	5 Year	3 Year	1 Year
"Short-Term Bond" Category
Morningstar Rating™					N/A
% Rank in Category	N/A	49	44	78	65
Funds in Category	347	186	324	347	400

Quarter-end as of 03/31/2012	Overall	10 Year	5 Year	3 Year	1 Year
"Short-Term Bond" Category
Morningstar Rating™					N/A
% Rank in Category	N/A	45	44	73	67
Funds in Category	351	187	324	351	404

Performance data quoted represents past performance which is no guarantee of future results.

Morningstar is a leading provider of independent investment research on mutual funds and other securities. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% in each category receive 5 stars, the next 22.5% 4 stars, the next 35% 3 stars, the next 22.5% 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating metrics.