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In The News
Jun. 5, 2012 — Industry Veteran Joins Amana Funds Board of Trustees
Apr. 30, 2012 — Investment News — This Islamic Mutual Fund is a 1-Percenter Even OWS Would Love: "What do a Muslim-guided mutual fund and the Occupy Wall Street movement have in common? A strict aversion to financials, among other things. In the fund's case, this aversion has led it to the top 1% of returns amongst large-cap mutual funds over the past 10 years. The $1.4 billion Amana Trust Income Fund (Ticker:AMANX) has an annualized return of 8.92% over the last 10 years, which ranks it in the top 1% of large-cap-blend mutual funds, according to Morningstar Inc."
Mar. 12, 2012 — Amana Income Fund Collects Fourth Lipper Award
Mar. 8, 2012 — Morningstar — This Muslim-oriented mutual fund is an excellent core holding for any investor: "Despite all the constraints, Kaiser's skillful stock-picking has led to some of the best five-, 10-, and 15-year returns in the large-blend category, though those returns haven't been entirely smooth. Such ups and downs are really a result of market volatility because this has long been one of the least volatile funds in its peer group. [Amana Income Fund] is an excellent core stock fund not just for Muslim investors, but for anyone seeking stability and a decent yield."
Feb. 15, 2012 — Saturna Capital Receives Best Islamic Asset Manager Award
Jan. 4, 2012 — Seeking Alpha — Five Stock Picks from Saturna Capital With Price Picks: "Of all the funds that I follow, I am most influenced by Saturna Capital's Amana Funds. Saturna Capital Corporation is the manager of these Morningstar five star rated funds (Amana Trust Income (AMANX) and Amana Trust Growth (AMAGX)). These funds are known for their low turnover and are run by a very respectable asset manager in Mr. Nicholas Kaiser."
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 conventional 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.
Each Fund seeks 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.
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. Current performance may be higher or lower than performance data quoted herein; performance current to the most recent month-end can be obtained by visiting www.saturna.com or by calling toll free (800) SATURNA.