Fund Literature:

Solid results in a volatile market.

Rigorous screens. An experienced portfolio manager. A disciplined approach.

The Amana Funds favor companies with low price-to-earnings multiples, strong balance sheets and proven businesses. They follow a value-oriented approach consistent with Islamic principles. Generally, these principles require that investors avoid interest and investments in businesses such as liquor, pornography, gambling, and banks. The Funds avoid bonds and other fixed-income securities while seeking protection against inflation by making long-term equity investments.

Here are some results of these strategies:

Overall Morningstar Ratings™

Amana Income Fund		Amana Income Fund seeks current income by investing primarily in dividend-paying stocks. The Fund seeks capital preservation as a secondary objective. Established: 1986
among 1104 Large Value Funds

Amana Growth Fund		Amana Growth Fund seeks long-term capital appreciation by investing in companies expected to grow earnings and stock prices faster than the economy. Established: 1994
among 1548 Large Growth Funds

Average Annual Total Returns

Quarter ended 01/31/2010
Before tax	1 Year	3 Year	5 Year	10 Year	Expense Ratio¹
Amana Income Fund	27.09%	0.75%	7.44%	5.47%	1.33%
S&P 500 Index	33.14%	-7.24%	0.18%	-0.80%	N/A
Amana Growth Fund	32.09%	-0.12%	7.20%	3.17%	1.31%
Russell 2000 Index	37.82%	-7.75%	0.64%	3.35%	N/A
Amana Developing World Fund²	N/A	N/A	N/A	N/A	1.34%
MSCI Emerging Markets Index	80.38%	3.66%	14.17%	8.66%	N/A
¹ As of the Funds' most recent Prospectus dated September 28, 2009. ² Amana Developing World Fund commenced operations September 28, 2009 and consequently does not yet have historical returns to report. Performance data quoted represents past performance which is no guarantee of future results. Investment return and principal value of an investment fluctuate daily and an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance may be significantly higher or lower than data quoted herein. The Adviser has absorbed, currently or in the past, certain Fund expenses, without which total returns would have been lower. Returns quoted herein do not reflect the potential deduction of a 2% redemption fee on shares held less than 30 calendar days. A Fund’s performance depends primarily on what happens in the stock market. The market’s behavior is often volatile, particularly in the short-term and in periods of unusual market occurrences. Because of this, the value of your investment will rise and fall, and you could lose money. For performance current to the most recent-month end, please ask your representative, visit the Average Annual Returns Page or call us toll-free at 888-73/AMANA (888-732-6262).

Growth of $10,000

This chart illustrates the performance of a hypothetical $10,000 invested at the beginning of the period and redeemed at the end of the period, and assumes reinvestment of all dividends and capital gains. Comparison of any mutual fund to a market index must be made bearing in mind that the index is unmanaged, and expense-free. Conversely, the fund will (1) be actively managed, (2) have an objective other than mirroring the index, such as limiting risk, (3) bear various operational costs, (4) stand ready to buy and sell its securities to shareowners on a daily basis, and (5) provide a wide range of services.

A Few Words About Risk:

Investing in securities entails both market risks and risk of price variation in individual securities. Common stock investments involve greater risk, and commensurately greater opportunity for reward, than other investments such as short-term bonds and money market instruments.

Islamic principles restrict the Funds’ ability to invest in certain stocks and market sectors, such as financial companies and fixed-income securities. This may limit opportunities and possibly increase the risk of loss during market declines.

By diversifying its investments, each Fund reduces the risk of owning only a few securities. The Growth Fund typically invests in smaller and less seasoned companies than the Income Fund, which may lead to greater variability in Growth Fund’s returns. Growth stocks, which can be priced on future expectations rather than
current results, may decline substantially when expectations are not met or general market conditions weaken. The Growth Fund is suitable for investors seeking higher returns and willing to accept greater fluctuations in value (risk) than Income Fund investors.

Investing in foreign securities involves risks not typically associated directly with investing in U.S. securities. These risks include fluctuations in exchange rates of foreign currencies; less public information with respect to issuers of securities; less governmental supervision of exchanges, issuers, and brokers; and lack of uniform accounting, auditing, and financial reporting standards. There is also a risk of adverse political, social or diplomatic developments that affect investment in foreign countries.

During uncertain market or economic conditions, a Fund may adopt a temporary defensive position. The Funds cannot invest in interest-paying instruments frequently used by other mutual funds for this purpose. When markets are unattractive, the Adviser chooses between continuing to follow the Funds’ investment policy or converting securities to cash for temporary, defensive purposes. This choice is based on the Adviser’s evaluation of market conditions and the Funds’ portfolio holdings. While cash assets do not contribute to the Income Fund’s primary objective of current income (or the Growth Fund’s objective of long-term capital growth), they do assist its secondary objective of preservation of capital.

These criteria limit investment selection and income-earning opportunities more than is customary for other mutual funds. The Adviser, Saturna Capital Corporation, selects investments. To ensure that investments meet the requirements of the Islamic faith, the Adviser follows guidelines established by the Fiqh Council of North America, a non-profit organization serving the Muslim community.

Each Fund may maintain cash deposits in excess of federally insured limits.

Both Funds seek to minimize potential current income taxes paid by shareowners, where the basic strategies to be favored are (1) infrequent trading, (2) offseting capital gains with losses and (3) selling highest-cost tax-lots first.

Lipper Awards & Ratings

Awards for the Amana Income Fund:

Lipper™ Quintile Rankings Based on Total Return as of December 31, 2009
1 Year	3 Years	5 Years	10 Years
(Absolute Rank / Number of Funds in Category)
Amana Income Fund / Equity Income Funds
3rd	1st	1st	1st
(128/299)	(4/246)	(1/189)	(9/104)

Amana Growth Fund / Multi-Cap Growth Funds
4th	1st	1st	1st
(289/455)	(45/374)	(11/307)	(14/170)