Fund Literature:

• Fact Sheet
• Summary Prospectus
• Statutory Prospectus
• Annual Report
• Semi-Annual Report
• Statement of Additional Information

Important Information About Amana Developing World Fund:

• Disclosure of Portfolio Holdings
• Form N-Q
• Month-end Portfolio Schedule
• Proxy Voting Guidelines
• Form N-PX
• Renewal of Investment Advisory Contract
• Board Governance Policy
• Business Continuity Plan Summary

Amana Developing World Fund (AMDWX): Objectives, Strategies & Risks

Investment Objective

Long-term capital growth.

Principal Investment Strategies

The Developing World Fund only buys stocks of companies with significant exposure (50% or more of assets or revenues) to countries with developing economies and/or markets. Investment decisions are made in accordance with Islamic principles. The Fund diversifies its investments across the countries of the developing world, industries, and companies, and generally follows a value investment style.

In determining whether a country is part of the developing world, the adviser will consider such factors as the country's per capita gross domestic product, the percentage of the country’s economy that is industrialized, market capitalization as a percentage of gross domestic product, the overall regulatory environment, and limits on foreign ownership and restrictions on repatriation of initial capital or income.

By allowing investments in companies headquartered in more advanced economies yet having the majority of assets or revenues in the developing world, the Developing World Fund seeks to reduce its foreign investing risk.

Principal Risks of Investing

The value of Developing World Fund shares rises and falls as the value of the stocks in which the Fund invests goes up and down. Only consider investing in the Fund if you are willing to accept the risk that you may lose money. Fund share prices, yields, and total returns will change with the fluctuations in the securities and currency markets as well as the fortunes of the industries and companies in which the Fund invests.

The Developing World Fund involves risks not typically associated with investing in U.S. securities. These include fluctuations in currency exchange rates, currency devaluation, less public information about securities, less governmental market supervision, and lack of uniform financial, accounting, social and political standards.

Foreign countries have risk of confiscatory taxation, seizure or nationalization of assets, establishment of exchange controls, adoption of government restrictions, or adverse political or social developments that affect investments. The risks of foreign investing are generally magnified in the smaller and more volatile securities markets of the developing world. The Developing World Fund’s restricted ability to invest in certain market sectors, such as financial companies and fixed-income securities, limits opportunities and may increase the risk of loss during economic downturns. Because Islamic principles preclude the use of interest-paying instruments, the Developing World Fund does not maximize current income because reserves remain in cash.

Portfolio Managers

Portfolio Manager since 1994: Nicholas Kaiser CFA

Deputy Portfolio Manager since 2012: Scott Klimo CFA