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      <regCik>0000766285</regCik>
      <regLei>549300XBCMMU088YXT31</regLei>
      <regStreet1>1300 North State Street</regStreet1>
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      <regZipOrPostalCode>982254730</regZipOrPostalCode>
      <regPhone>3607349900</regPhone>
      <seriesName>Amana Developing World Fund</seriesName>
      <seriesId>S000026568</seriesId>
      <seriesLei>549300KIS1TDJBZ0X078</seriesLei>
      <repPdEnd>2027-05-31</repPdEnd>
      <repPdDate>2026-08-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
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      <totLiabs>298027.220000000000</totLiabs>
      <netAssets>208457124.290000000000</netAssets>
      <assetsAttrMiscSec>0.000000000000</assetsAttrMiscSec>
      <assetsInvested>0.000000000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.000000000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.000000000000</amtPayOneYrCtrldComp>
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        <fairValLevel>2</fairValLevel>
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        <name>IHH HEALTHCARE B</name>
        <lei>N/A</lei>
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          <isin value="MYL5225OO007"/>
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        <fairValLevel>2</fairValLevel>
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        <name>BIMB HLDGS BHD</name>
        <lei>N/A</lei>
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        <invCountry>MY</invCountry>
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        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SERCOMM</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <ticker value="5388"/>
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        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ADVANTECH</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002395001"/>
          <ticker value="2395"/>
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        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAMSUNG ELECTRON</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <isin value="KR7005930003"/>
          <ticker value="005930 KS"/>
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        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ASML HOLDING-NY</name>
        <lei>N/A</lei>
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        <cusip>N07059210</cusip>
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          <isin value="USN070592100"/>
          <ticker value="ASML"/>
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        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>TAIWAN SEMIC-ADR</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TELEKOMUNIKA-ADR</name>
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          <ticker value="TLK"/>
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        <assetCat>EC</assetCat>
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        <invCountry>ID</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Delta Electronics</name>
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          <isin value="TW0002308004"/>
          <ticker value="2308 TT"/>
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        <assetCat>EC</assetCat>
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        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SAUDI TELECOM</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Monolithic Power Systems</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Syarikat Takaful Malaysia Ke</name>
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        <title>Syarikat Takaful Malaysia Ke</title>
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          <ticker value="STMB MK"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>Infosys</name>
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          <ticker value="INFY"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sociedad Quimica Y Minera de Chile</name>
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        <title>Sociedad Quimica Y Minera de Chile</title>
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          <ticker value="SQM"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>CL</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
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        <name>Southern Copper</name>
        <lei>N/A</lei>
        <title>Southern Copper</title>
        <cusip>84265V105</cusip>
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          <ticker value="SCCO"/>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ultratech Cement Ltd</name>
        <lei>N/A</lei>
        <title>Ultratech Cement Ltd</title>
        <cusip>N/A</cusip>
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          <ticker value="UTCEM IN"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jabil Inc</name>
        <lei>N/A</lei>
        <title>Jabil Inc</title>
        <cusip>466313103</cusip>
        <identifiers>
          <isin value="US4663131039"/>
          <ticker value="JBL"/>
        </identifiers>
        <balance>28600</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8730436</valUSD>
        <pctVal>4.1881207129</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bim Birlesik Magazalar AS</name>
        <lei>N/A</lei>
        <title>Bim Birlesik Magazalar AS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TREBIMM00018"/>
          <ticker value="BIMAS TI"/>
        </identifiers>
        <balance>740000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="48.26"/>
        <valUSD>6215720.29</valUSD>
        <pctVal>2.9817739793</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WEG SA</name>
        <lei>N/A</lei>
        <title>WEG SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRWEGEACNOR0"/>
          <ticker value="WEGE3 BZ"/>
        </identifiers>
        <balance>700000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.18155"/>
        <valUSD>6761490.25</valUSD>
        <pctVal>3.2435879911</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KIMBERLY-CLA M-A</name>
        <lei>N/A</lei>
        <title>KIMBERLY-CLA M-A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MXP606941179"/>
          <ticker value="KIMBERA"/>
        </identifiers>
        <balance>2500000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="16.99645"/>
        <valUSD>5865929.99</valUSD>
        <pctVal>2.8139743412</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CLICKS GROUP LTD</name>
        <lei>N/A</lei>
        <title>CLICKS GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000134854"/>
          <ticker value="CLS"/>
        </identifiers>
        <balance>270000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.10375"/>
        <valUSD>3327599.89</valUSD>
        <pctVal>1.5962994315</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KPJ HEALTHCARE</name>
        <lei>N/A</lei>
        <title>KPJ HEALTHCARE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL5878OO003"/>
          <ticker value="KPJ"/>
        </identifiers>
        <balance>4825992</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.026"/>
        <valUSD>3235744.92</valUSD>
        <pctVal>1.5522352287</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANGKOK DUS-NVDR</name>
        <lei>N/A</lei>
        <title>BANGKOK DUS-NVDR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0264010R10"/>
          <ticker value="BDMS-R"/>
        </identifiers>
        <balance>6700000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16"/>
        <valUSD>3957113.8</valUSD>
        <pctVal>1.8982866685</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Antofagasta plc</name>
        <lei>N/A</lei>
        <title>Antofagasta plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0000456144"/>
          <ticker value="ANTO LN"/>
        </identifiers>
        <balance>148000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73801"/>
        <valUSD>7901244.74</valUSD>
        <pctVal>3.7903452650</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BARRICK GOLD CRP</name>
        <lei>N/A</lei>
        <title>BARRICK GOLD CRP</title>
        <cusip>06849F108</cusip>
        <identifiers>
          <isin value="CA06849F1080"/>
          <ticker value="B"/>
        </identifiers>
        <balance>210000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9414300</valUSD>
        <pctVal>4.5161805009</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>APL Apollo Tubes Ltd</name>
        <lei>N/A</lei>
        <title>APL Apollo Tubes Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE702C01027"/>
          <ticker value="APAT IN"/>
        </identifiers>
        <balance>285000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="95.18125"/>
        <valUSD>6645990.81</valUSD>
        <pctVal>3.1881811824</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNILEVER PLC-ADR</name>
        <lei>N/A</lei>
        <title>UNILEVER PLC-ADR</title>
        <cusip>904767803</cusip>
        <identifiers>
          <isin value="US9047678035"/>
          <ticker value="UL"/>
        </identifiers>
        <balance>98044</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6358153.4</valUSD>
        <pctVal>3.0501012722</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Samsung Biologics Co Ltd</name>
        <lei>N/A</lei>
        <title>Samsung Biologics Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7207940008"/>
          <ticker value="207940 KS"/>
        </identifiers>
        <balance>3600</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1368.599997"/>
        <valUSD>3991135.99</valUSD>
        <pctVal>1.9146076219</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Va Tech Wabag Ltd</name>
        <lei>N/A</lei>
        <title>Va Tech Wabag Ltd</title>
        <cusip>Y9356W111</cusip>
        <identifiers>
          <isin value="INE956G01038"/>
          <ticker value="VATW IN"/>
        </identifiers>
        <balance>197000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="95.18125"/>
        <valUSD>4086078.06</valUSD>
        <pctVal>1.9601527527</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank ABC</name>
        <lei>N/A</lei>
        <title>Bank ABC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="N/A"/>
          <other otherDesc="N/A" value="ABC09212026"/>
        </identifiers>
        <balance>500000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>500000</valUSD>
        <pctVal>0.2398574775</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.0374</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KFH</name>
        <lei>N/A</lei>
        <title>KFH</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="N/A"/>
          <other otherDesc="N/A" value="KFH09282026"/>
        </identifiers>
        <balance>1000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1000000</valUSD>
        <pctVal>0.4797149550</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.041</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KFH</name>
        <lei>N/A</lei>
        <title>KFH</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="N/A"/>
          <other otherDesc="N/A" value="KFH09082026"/>
        </identifiers>
        <balance>500000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>500000</valUSD>
        <pctVal>0.2398574775</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.0395</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alinma Bank</name>
        <lei>N/A</lei>
        <title>Alinma Bank</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA122050HV19"/>
          <ticker value="ALINMA AB"/>
        </identifiers>
        <balance>740000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7546"/>
        <valUSD>5033727.14</valUSD>
        <pctVal>2.4147541885</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-08-31</ncom:dateSigned>
      <ncom:nameOfApplicant>Amana Mutual Funds Trust</ncom:nameOfApplicant>
      <ncom:signature>Christopher Fankhauser</ncom:signature>
      <ncom:signerName>Christopher Fankhauser</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
