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Lipper Recognizes Amana Income With Fund Award

NEW YORK (March 21, 2007)Lipper, Inc., honored the Amana Income Fund with a Lipper Fund Award for the Fund's 3 Year Performance in the U.S. Equity Income category. Chosen from 180 funds in its category, the Amana Income Fund was rated the Best Fund over 3 Years for demonstrating consistently strong risk-adjusted returns compared with peers. Lipper presented the award to portfolio manager Nicholas Kaiser during a March 21, 2007 ceremony at the Mandarin Oriental Hotel in New York.

"At Saturna Capital, we follow a long-term, value-oriented approach to investing, striving to deliver strong and consistent investment returns to our shareholders," said Mr. Kaiser. "We are honored to receive this prestigious award that recognizes our efforts."

The U.S.-registered Amana Funds are designed for Muslim American investors who wish to invest according to Islamic principles (sharia). In addition to the Amana Income Fund's Best Fund Over 3 Years in the Equity Income category from Lipper, the Amana Funds have received strong long-term performance ratings from Morningstar (both Amana Income and Amana Growth are rated 5 Stars Overall). Saturna Capital, adviser to the Amana Funds, was honored with the 2005 Best Islamic Fund Manager by Failaka International, an Islamic fund monitoring and rating company based in Chicago. The Amana Income Fund returned 21.20% while the Amana Growth Fund returned 15.41% in 2006.

Saturna Capital, established in 1989 in Bellingham, WA, is the investment adviser and administrator of the Amana Mutual Funds Trust, which includes the Amana Growth and Amana Income funds, and the Saturna Investment Trust. Saturna Investment Trust consists of five funds: Sextant Growth (domestic equities), Sextant International (ADRs and foreign stocks), 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 as of 12/31/2006:
  1 Year 5 Years 10 Years Expense Ratio*
Amana Income Fund 21.20% 12.17% 9.70% 1.50%
Amana Growth Fund 15.41% 11.34% 13.13% 1.42%

*Expense ratios are as of the Funds' prospectus dated 8/15/2006. Earnings credits for custody fees further reduced operating expense to 1.37% for the Income Fund. 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 and is no guarantee of future results. Investment return and principal value of investments in the Fund fluctuate daily and an investor's shares, when redeemed, may be worth more or less than the original cost and you may lose money. Returns do not reflect the potential deduction of a 2% redemption fee on shares held less than 30 days. Current performance may be higher or lower than performance data quoted herein. Performance data current to the most recent month-end may be obtained by calling toll free 888-73-AMANA or by visiting www.amanafunds.com or the Average Annual Returns Page.

Lipper™ Quintile Rankings Based on Total Return as of 12/31/2006
1 Year 3 Years 5 Years 10 Years
(Actual Rank / Number of Funds in Category)
Amana Income Fund / Equity Income Funds
1st 1st 1st 2nd
(43/237) (1/188) (14/127) (30/80)
Amana Growth Fund / Multi-Cap Growth Funds
1st 1st 1st 1st
(22/489) (1/394) (13/310) (9/118)

Lipper, Inc., is a nationally recognized data and research provider that ranks the performance of mutual funds within a universe of funds that have similar investment objectives. 20% of the funds in each Lipper category are in the 1st quintile. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper. Users acknowledge that they have not relied upon any warranty, condition, guarantee, or representation made by Lipper. Any use of the data for analyzing, managing, or trading financial instruments is at the user's own risk. This is not an offer to buy or sell securities.

Morningstar Rankings™ as of 12/31/2006
Overall 3-Year 5-Year 10-Year
Amana Income Fund
Funds in Large Value category 1111 1111 835 397
Amana Growth Fund
Funds in Lage Growth category 1405 1405 1109 447

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..

The Failaka criteria for "Best Islamic Fund Manager" are as follows:

The fund company must:

  • Have been duly nominated by fully and accurately completing the required nomination form
  • Have been established for over 5-years as a Shariah compliant fund manager
  • Have provided a consistent and long-term return relative to prevailing market conditions
  • Manage more than one Shariah compliant fund
  • Have surpassed the benchmark for its equity fund(s) in the year for which the award is given.

In the case of a tie, credence is given to

  • the higher returning fund/family of funds
  • the better relative performance as compared to the relevant benchmark
  • asset growth over the past year
  • any notable achievement or advancement in the field of Islamic compliant asset management.