UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number: 811-04276
AMANA MUTUAL FUNDS TRUST
(Exact Name of Registrant as Specified in Charter)
1300 N. State Street
Bellingham, Washington 98225-4730
(Address of Principal Executive Offices, including ZIP Code)
Nicholas F. Kaiser
1300 N. State Street
Bellingham, Washington 98225-4730
(Name and Address of Agent for Service)
Registrant’s Telephone Number- (360) 734-9900
Date of fiscal year end: May 31, 2007
Date of reporting period: August 31, 2006
Item 1. Schedule of Investments
The unaudited schedule of investments as of the close of the reporting period is as follows:
| Amana Mutual Funds Trust Growth Fund | ||||
| Common Stock | Quantity | Market Value | Portfolio % | Industry |
| Crane | 85,000 | $3,398,300 | 1.57% | Aerospace - Equipment |
| Harman International Industries | 38,000 | $3,082,560 | 1.43% | Audio/Video Home Products |
| Sony ADS | 60,000 | $2,604,600 | 1.21% | Audio/Video Home Products |
| Genuine Parts | 30,000 | $1,239,900 | 0.57% | Auto Parts - Retail/Whlsle |
| Supreme Industries | 24,000 | $155,280 | 0.07% | Auto/Truck - Manufacturing |
| Nissan Motor ADR | 160,000 | $3,643,200 | 1.69% | Auto/Truck - Mfg Foreign |
| Toyota Motor ADS | 30,000 | $3,250,200 | 1.51% | Auto/Truck - Mfg Foreign |
| Hansen Natural | 40,000 | $1,101,600 | 0.51% | Beverages - Soft Drink |
| PepsiCo | 70,000 | $4,569,600 | 2.12% | Beverages - Soft Drink |
| Building Materials Holding | 80,000 | $2,089,600 | 0.97% | Buildg Prods - Retail/Whlsle |
| Fastenal | 80,000 | $2,934,400 | 1.36% | Buildg Prods - Retail/Whlsle |
| Lowe's Companies | 120,000 | $3,247,200 | 1.50% | Buildg Prods - Retail/Whlsle |
| EMCOR Group | 84,000 | $4,656,960 | 2.16% | Building - Heavy Const |
| Washington Group Intl | 50,000 | $2,960,500 | 1.37% | Building - Heavy Const |
| Gartner Group | 30,000 | $467,700 | 0.22% | Business Services |
| Cisco Systems | 150,000 | $3,298,500 | 1.53% | Computer - Local Networks |
| International Business Machines | 40,000 | $3,238,800 | 1.50% | Computer - Mainframes |
| Quantum | 300,000 | $663,000 | 0.31% | Computer - Memory Devices |
| Apple Computer | 100,000 | $6,785,000 | 3.14% | Computer - Mini/Micro |
| Hewlett-Packard | 92,000 | $3,363,520 | 1.56% | Computer - Mini/Micro |
| Symbol Technologies | 70,000 | $840,700 | 0.39% | Computer - Peripheral |
| Adobe Systems | 110,000 | $3,568,400 | 1.65% | Computer - Software |
| Business Objects SA ADS | 120,000 | $3,343,200 | 1.55% | Computer - Software |
| Intuit | 160,000 | $4,841,600 | 2.24% | Computer - Software |
| Agilent Technologies | 80,000 | $2,572,800 | 1.19% | Elec Components - Misc |
| Advanced Micro Devices | 125,000 | $3,123,750 | 1.45% | Elec Components - Semicondtrs |
| Cree Research | 40,000 | $744,800 | 0.35% | Elec Components - Semicondtrs |
| Freescale Semiconductor | 100,000 | $3,091,000 | 1.43% | Elec Components - Semicondtrs |
| Taiwan Semiconductor ADS | 231,747 | $2,157,565 | 1.00% | Elec Components - Semicondtrs |
| Motorola | 130,000 | $3,039,400 | 1.41% | Electronics - Misc Products |
| Potash Corp of Saskatchewan | 29,000 | $2,841,130 | 1.32% | Fertilizers |
| Caribou Coffee | 50,000 | $382,500 | 0.18% | Food - Misc Preparation |
| Trimble Navigation | 85,000 | $4,162,450 | 1.93% | Instruments - Elec Measuring |
| SumTotal Systems | 15,000 | $97,350 | 0.05% | Internet Content |
| Manitowoc | 70,000 | $3,094,000 | 1.43% | Machinery - Const/Mining |
| Lincoln Electric Holdings | 60,000 | $3,301,800 | 1.53% | Machinery - Tools & Rel Prods |
| Regal-Beloit | 45,000 | $1,942,200 | 0.90% | Machinery - Tools & Rel Prods |
| Amgen | 55,000 | $3,741,650 | 1.73% | Medical - Biomed/Genetics |
| Genentech | 35,000 | $2,888,200 | 1.34% | Medical - Biomed/Genetics |
| Lilly (Eli) | 25,000 | $1,398,250 | 0.65% | Medical - Drugs |
| Novartis AG ADR | 55,000 | $3,141,600 | 1.46% | Medical - Drugs |
| Novo-Nordisk A/S ADR | 35,000 | $2,582,300 | 1.20% | Medical - Drugs |
| Pharmaceutical Product Development | 90,000 | $3,430,800 | 1.59% | Medical - Drugs |
| Wyeth | 30,000 | $1,461,000 | 0.68% | Medical - Drugs |
| Barr Pharmaceuticals | 55,000 | $3,107,500 | 1.44% | Medical - Generic Drugs |
| Caremark Rx | 60,000 | $3,476,400 | 1.61% | Medical - Hlth Maint Orgs |
| Humana | 50,000 | $3,046,500 | 1.41% | Medical - Hlth Maint Orgs |
| IMS Health | 105,000 | $2,865,450 | 1.33% | Medical - Misc Products |
| Zimmer Holdings | 32,000 | $2,176,000 | 1.01% | Medical - Misc Products |
| DENTSPLY International | 100,000 | $3,258,000 | 1.51% | Medical - Supplies |
| Johnson & Johnson | 56,000 | $3,620,960 | 1.68% | Medical - Supplies |
| Anglo-American plc ADR | 180,000 | $3,902,400 | 1.81% | Metal Ores - Gold |
| Rio Tinto plc ADS | 15,000 | $3,021,750 | 1.40% | Metal Ores - Misc |
| Canon ADS | 85,000 | $4,222,800 | 1.96% | Office Automation |
| Staples | 100,000 | $2,256,000 | 1.05% | Office Equip & Supplies |
| EnCana | 80,000 | $4,219,200 | 1.96% | Oil & Gas - Canadn Integrated |
| BP plc ADS | 60,000 | $4,083,000 | 1.89% | Oil & Gas - Intl Integrated |
| Noble | 45,000 | $2,942,550 | 1.36% | Oil & Gas - Offshore Drillng |
| Patterson - UTI Energy | 80,000 | $2,192,000 | 1.02% | Oil & Gas - U S Explo & Prod |
| McGraw-Hill | 75,000 | $4,193,250 | 1.94% | Publishing - Books |
| Wiley (John) & Sons, Cl A | 33,000 | $1,138,500 | 0.53% | Publishing - Books |
| American Eagle Outfitters | 90,000 | $3,474,900 | 1.61% | Retail - Apparel/Shoe |
| Best Buy | 75,000 | $3,525,000 | 1.63% | Retail - Consumer Elect |
| Build-A-Bear-Workshop | 80,000 | $1,746,400 | 0.81% | Retail - Home Furnishings |
| Restoration Hardware | 70,000 | $492,100 | 0.23% | Retail - Home Furnishings |
| Bed Bath & Beyond | 70,000 | $2,361,100 | 1.09% | Retail - Misc/Diversified |
| Oakley | 80,000 | $1,316,000 | 0.61% | Retail - Misc/Diversified |
| PETsMART | 80,000 | $2,008,000 | 0.93% | Retail - Misc/Diversified |
| Clorox | 43,000 | $2,571,830 | 1.19% | Soap & Cleaning Preparatns |
| America Movil ADR Series L | 95,000 | $3,544,450 | 1.64% | Telecommunctns - Cellular |
| China Mobile (Hong Kong) Ltd | 100,000 | $3,331,000 | 1.54% | Telecommunctns - Cellular |
| Harris | 80,000 | $3,513,600 | 1.63% | Telecommunctns - Equip |
| Qualcomm | 100,000 | $3,767,000 | 1.75% | Telecommunctns - Equip |
| Coach | 45,000 | $1,358,550 | 0.63% | Textile - Apparel Mfg |
| LAN Airlines SA | 40,000 | $1,398,000 | 0.65% | Transportation - Airline |
| Canadian Pacific Railway Ltd | 40,000 | $1,963,600 | 0.91% | Transportation - Rail |
| Norfolk Southern | 50,000 | $2,136,500 | 0.99% | Transportation - Rail |
| United Parcel Service, Cl B | 44,000 | $3,082,200 | 1.43% | Transportation - Services |
| Avista | 80,000 | $1,939,200 | 0.90% | Utility - Electric Power |
| TOTAL | $215,790,555 | |||
Item 2. Controls and Procedures
Internal control over financial reporting is under the supervision of the principal executive and financial officers. On October 18, 2006, Mr. Nicholas Kaiser (President) and Mr. Christopher Fankhauser (Treasurer), reviewed the internal control procedures for Amana Mutual Funds Trust and found them reasonable and adequate.
Item 3. Exhibits
Certification of Principal Executive Officer and Principal Financial Officer of the Registrant as required by Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is attached hereto as Exhibit 99CERT.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934 and the Investment Company Act of 1940, the registrant has duly caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
AMANA MUTUAL FUNDS TRUST
By:
/s/ Nicholas Kaiser
Nichola Kaiser, President
Date: October 25, 2006
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Act of 1940, this report has been signed below by the following
persons on behalf of the registrant and in the capacities and on the dates
indicated.
By:
/s/ Nicholas Kaiser
Nicholas Kaiser, President
Date: October 25, 2006
By:
/s/ Christopher Fankhauser
Christopher Fankhauser, Treasurer
Date: October 25, 2006
