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Failaka Awards 2007

Saturna Capital Named Best Fund Manager - U.S.

Dubai, UAE; March 24, 2008Saturna Capital Corporation, adviser to the Amana Growth Fund (AMAGX) and Amana Income Fund (AMANX) has received the 2007 Best Fund Manager - U.S. Award from Failaka Advisors, the world leader in Islamic funds research. Nicolas Kaiser, the funds’ portfolio manager and president of Saturna Capital Corporation, has been awarded this distinction every year since the debut of the Failaka awards in 2005. 

“The Amana Funds have been empowering Muslim investors since 1986, and it is my privilege to accept this award that acknowledges the consistency and strength of our long-term performance,” said Kaiser. “It’s gratifying to be recognized for our core principles: our value-oriented philosophy and our ability to stay the course in a tumultuous market.”

The Amana Funds are designed for American Muslims who wish to invest according to Islamic principles. In addition to Amana’s awards from Failaka, Monem Salam, Director and Vice President of Islamic Investing for Saturna, was recently recognized by Institutional Investor News as one of the “Twenty Rising Stars” in the mutual fund industry. Moreover, The Amana Funds have, over the last couple of years, received strong long-term performance ratings from investment research firm Morningstar (both the Amana Income and the Amana Growth Funds rate 5 stars overall). In addition, Amana Income recently placed first for the second consecutive year for Best Equity Income over three-years at the 2008 Lipper Fund Awards.

Saturna Capital Corporation, established in 1989 in Bellingham, WA, is the investment adviser and administrator to over $1 billion in assets in the Amana Mutual Funds Trust, which includes the Amana Growth and Amana Income funds, and the Saturna Investment Trust. Saturna Investment Trust consists of six funds: Sextant Growth (domestic equities), Sextant International (ADRs and foreign stocks), Sextant Core (bonds and equities), Sextant Bond Income (long-term bonds), Sextant Short-Term Bond, and the Idaho Tax-Exempt Fund. Saturna Capital also manages private accounts for families, businesses and endowments. Saturna Brokerage Services provides general discount brokerage services and underwrites the Saturna mutual funds.

The Amana Funds limit the securities they purchase to those consistent with Islamic principles, which limits opportunities and may increase risk. Please consider an investment’s objectives, risks, charges and expenses carefully before investing. To obtain a free prospectus that contains this and other important information on Saturna’s funds, call toll free 800/SATURNA or visit the Document & Forms Center. Please read the prospectus carefully before investing.

Average Annual Returns Before Taxes as of 12/31/2007:
  1 Year 5 Years 10 Years Expense Ratio*
Amana Income Fund 14.12% 19.22% 8.75% 1.38%
Amana Growth Fund 12.24% 20.74% 12.55% 1.36%
*Expense ratios are as of the Funds' prospectus dated 8/20/2007. To view updated information, please see each Fund's individual pages by following the links above or our Average Annual Returns page.

Average Annual Returns as of 3/31/2008:
  1 Year 5 Years 10 Years Expense Ratio*
Amana Income Fund 5.48% 19.25% 7.00% 1.38%
Amana Growth Fund 3.00% 19.46% 10.81% 1.36%
*Expense ratios are as of the Funds' prospectus dated 8/20/2007. To view updated information, please see each Fund's individual pages by following the links above or our Average Annual Returns page.

Performance data quoted represents past performance which is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. The Adviser has absorbed, currently or in the past, certain Fund expenses, without which total returns would have been lower. Returns quoted above do not reflect the potential deduction of a 2% redemption fee on shares held less than 30 calendar days. Current performance may be signaificantly higher or lower than data quoted herein. Performance current to the most recent month-end can be obtained by visiting the Adviser's Average Annual Returns page. Please consider an investment's objectives, risks, charges and expenses carefully before investing. To obtain this and other important information about the Amana Funds in a free prospectus, please visit each individual Fund's page by following one of the links above, visit our Document & Forms Center or call 1-800-728-8762. Please read it carefully before you invest.

The Failaka criteria for "Best Fund Manager - U.S." are as follows:

The fund company must:

In the case of a tie, credence is given to:

The "Best Fund Manager - U.S." award is given to the manager based in the U.S. with the most consistent performance in any geographic market across all Sharia compliant fund categories. The manager must have at least a 3-year history in managing such funds.

Morningstar Rankings™ as of 12/31/2007
Category: Large Value Overall 3-Year 5-Year 10-Year
Amana Income Fund
Funds in category 1166 1166 922 419
Category: Large Growth Overall 3-Year 5-Year 10-Year
Amana Growth Fund
Funds in category 1449 1449 1215 554

Morningstar Rankings™ as of 3/31/2008
Category: Large Value Overall 3-Year 5-Year 10-Year
Amana Income Fund
Funds in category 1174 1174 926 432
Category: Large Growth Overall 3-Year 5-Year 10-Year
Amana Growth Fund
Funds in category 1442 1442 1207 564
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. These ratings change monthly. The top 10% of funds in an investment category receive five stars, the next 22.5% receive four stars, the next 35% receive three stars, the next 22.5% receive two stars, and the bottom 10% receive one star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Ratings. Morningstar does not guarantee the accuracy of this information.

 

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