| As of 07/02/2009 | Symbol | Price | Change | YTD | Dividend 6/30/2009 |
| Amana Income | AMANX | $24.01 | N/A | ||
| Amana Growth | AMAGX | $17.40 | N/A | ||
(Quarter
ended June 30, 2009) |
|||
1
Year |
5
Year |
10
Year |
|
| -16.99% | 7.99% | 4.15% | |
| -18.75% | 6.92% | 5.54% | |
After tax
on distributions |
|||
| -17.14% | 7.73% | 3.42% | |
| -18.82% | 6.88% | 5.43% | |
After tax
on distributions and sales of shares |
|||
| -17.14% | 6.89% | 3.01% | |
| -18.82% | 5.99% | 4.81% | |
Benchmark
comparisons |
|||
S&P 500 Index |
-26.21% | -2.24% | -2.22% |
Russell 2000 Index |
-25.01% | -1.67% | 2.44% |
Dow Jones Islamic Index
US |
-25.63% | -0.79% | -2.83% |
As of the Funds’ most recent Prospectus dated August, 21 2008, the expense ratios were 1.33% for Amana Income and 1.31%
for Amana Growth. |
|||
The Amana Funds invest according
to Islamic principles, or Sharia. Generally, these principles require
that investors avoid interest (riba) and investments in businesses such
as liquor, pornography, gambling, and banks. The Funds avoid bonds and
other fixed-income securities. The Funds seek protection against inflation
by making long-term equity investments. Of course, no mutual fund can
guarantee that it will achieve its objectives.
The primary objective of the Growth Fund is long-term capital growth. It favors companies expected to grow earnings and stock prices faster than the economy. Growth investing offers greater opportunity for long-term gain, with a related increase in price volatility.
The Income Fund seeks current income and preservation of capital. It invests only in dividend-paying common stocks, which are expected to have more stable stock prices.
