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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$9.77

$212 M

1.43%

$0.14

0.82%

Vitals

YTD Return

0.9%

1 yr return

-4.7%

3 Yr Avg Return

-1.4%

5 Yr Avg Return

-0.4%

Net Assets

$212 M

Holdings in Top 10

40.6%

52 WEEK LOW AND HIGH

$9.8
$9.50
$10.25

Expenses

OPERATING FEES

Expense Ratio 0.82%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 19.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$5,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$9.77

$212 M

1.43%

$0.14

0.82%

AMAPX - Profile

Distributions

  • YTD Total Return 0.9%
  • 3 Yr Annualized Total Return -1.4%
  • 5 Yr Annualized Total Return 0.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.86%
DIVIDENDS
  • Dividend Yield 1.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Amana Participation Fund
  • Fund Family Name
    Amana
  • Inception Date
    Sep 28, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Patrick Drum

Fund Description

Under normal conditions, the Participation Fund invests at least 80% of its total net assets in short and intermediate-term Islamic income-producing investments. Up to 25% of the Fund's total net assets can be invested in a wholly-owned and controlled subsidiary (the "Subsidiary") that also invests in short and intermediate-term Islamic income-producing investments. The Fund (and the Subsidiary) invests primarily in notes and certificates issued for payment by foreign governments, their agencies, and financial institutions in transactions structured to be in accordance with Islamic principles. Examples of these notes and certificates include (a) sukuk, which link the returns and cash flows of financing to the assets purchased, or the returns generated from an asset purchased, (b) murabaha, which involves a purchase and sale contract, and (c) wakala, in which accounts are operated under the Islamic finance principle of wakala (an agency agreement).
These investments typically involve the purchase of financial certificates representing investments in tangible assets, project financing, sale and leaseback arrangements, and the distribution of profits (as opposed to the payment of interest) related to the underlying asset or project. Unlike an investment in a bond that represents a promise to pay interest, these investments involve the sharing of profits and losses in the assets or projects financed by the Fund's investment in the notes and certificates. In addition, the Fund may invest in time deposits with banks that involve underlying purchase and sale agreements to generate the return on the deposit.
Generally, Islamic principles require that investors participate in profit and loss, that they receive no usury or interest, and that they do not invest in a prohibited business. Some of the businesses not permitted are alcohol, pornography, insurance, gambling, pork processing, and interest-based banks or finance associations.
In accordance with Islamic principles, the Fund shall not purchase conventional bonds, debentures, or other interest-paying obligations of indebtedness. Islamic principles discourage speculation, and the Fund tends to hold investments for several years. Under normal circumstances the Fund maintains a dollar-weighted average maturity of two to five years.
The Participation Fund restricts its investments so that at least 50% are denominated in US dollars, with no more than 10% in any other single currency.
Under normal conditions, the Fund invests at least 65% of its assets in securities rated within the four highest grades (Aaa, Aa, A, Baa) by a nationally-recognized rating agency and may invest
up to 35% in unrated and high-yield notes and certificates, which may be considered equivalent to "junk bonds."
The Subsidiary's principal investment strategy and principal risks of investing are identical to those of the Fund, and the Subsidiary invests principally in sukuk, murabaha, and wakala. The Fund's investment in the Subsidiary may not exceed 25% of the value of its total net assets at the end of each quarter of its taxable year. The Subsidiary, on a consolidated basis, is also subject to the same requirements relating to liquidity, and the timing and method of valuation of portfolio investments described elsewhere in this Prospectus and in the Statement of Additional Information. The Fund is the sole shareholder of the Subsidiary and does not expect shares of the Subsidiary to be offered or sold to other investors.
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AMAPX - Performance

Return Ranking - Trailing

Period AMAPX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -23.5% 9.5% 92.54%
1 Yr -4.7% -26.4% 1.7% 4.24%
3 Yr -1.4%* -19.9% 14.2% 4.82%
5 Yr -0.4%* -21.0% 7.0% 5.57%
10 Yr N/A* -15.4% 5.8% N/A

* Annualized

Return Ranking - Calendar

Period AMAPX Return Category Return Low Category Return High Rank in Category (%)
2022 -6.5% -58.7% 15.1% 3.74%
2021 -0.5% -12.8% 25.4% 5.28%
2020 1.1% -12.0% 25.9% 23.49%
2019 1.0% -19.2% 4.2% 86.81%
2018 -0.5% -7.2% 9.9% 4.59%

Total Return Ranking - Trailing

Period AMAPX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -23.5% 9.5% 92.54%
1 Yr -4.7% -26.4% 1.7% 4.24%
3 Yr -1.4%* -19.9% 14.2% 4.82%
5 Yr 0.1%* -21.0% 7.0% 4.92%
10 Yr N/A* -15.4% 9.8% N/A

* Annualized

Total Return Ranking - Calendar

Period AMAPX Return Category Return Low Category Return High Rank in Category (%)
2022 -6.5% -58.7% 15.1% 3.74%
2021 -0.5% -12.8% 25.4% 5.28%
2020 1.1% -7.1% 25.9% 23.49%
2019 1.0% -19.2% 10.9% 87.12%
2018 -0.1% -7.2% 9.9% 4.26%

NAV & Total Return History


AMAPX - Holdings

Concentration Analysis

AMAPX Category Low Category High AMAPX % Rank
Net Assets 212 M 49.1 K 15.5 B 45.68%
Number of Holdings 33 3 2121 96.43%
Net Assets in Top 10 70.5 M -134 M 1.25 B 40.66%
Weighting of Top 10 40.58% 2.2% 100.0% 17.27%

Top 10 Holdings

  1. Icd Sukuk Co 5% 4.86%
  2. Eib Sukuk 4.68%
  3. Eib Sukuk 4.68%
  4. Eib Sukuk 4.68%
  5. Eib Sukuk 4.68%
  6. Eib Sukuk 4.68%
  7. Eib Sukuk 4.68%
  8. Eib Sukuk 4.68%
  9. Eib Sukuk 4.68%
  10. Eib Sukuk 4.68%

Asset Allocation

Weighting Return Low Return High AMAPX % Rank
Bonds
81.57% -0.02% 116.66% 85.71%
Cash
18.43% -16.66% 101.67% 13.22%
Stocks
0.00% -0.47% 2.07% 82.14%
Preferred Stocks
0.00% 0.00% 0.00% 74.66%
Other
0.00% -3.28% 3.53% 70.80%
Convertible Bonds
0.00% 0.00% 26.58% 90.08%

AMAPX - Expenses

Operational Fees

AMAPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.82% 0.01% 2.87% 67.58%
Management Fee 0.50% 0.00% 1.10% 17.25%
12b-1 Fee 0.25% 0.00% 1.00% 48.52%
Administrative Fee 0.50% 0.02% 0.65% 93.44%

Sales Fees

AMAPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.75% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

AMAPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% 40.00%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AMAPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 19.00% 0.00% 302.00% 6.29%

AMAPX - Distributions

Dividend Yield Analysis

AMAPX Category Low Category High AMAPX % Rank
Dividend Yield 1.43% 0.00% 29.94% 87.06%

Dividend Distribution Analysis

AMAPX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

AMAPX Category Low Category High AMAPX % Rank
Net Income Ratio 1.86% -2.28% 9.04% 97.49%

Capital Gain Distribution Analysis

AMAPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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AMAPX - Fund Manager Analysis

Managers

Patrick Drum


Start Date

Tenure

Tenure Rank

Sep 28, 2015

6.68

6.7%

Mr. Patrick T. Drum MBA, CFA®, CFP®, deputy portfolio manager of Sextant Global High Income Fund, joined Saturna Capital in 2014. He is also portfolio manager of Saturna Sustainable Bond Fund and Amana Participation Fund. From 2007 to 2014, Mr. Drum was a senior portfolio manager with the Arbor Group at UBS Financial Services specializing in the investment of non-US fixed income portfolios employing an ESG screening process.

Elizabeth Alm


Start Date

Tenure

Tenure Rank

May 31, 2019

3.0

3.0%

Ms. Elizabeth Alm CFA®, is a senior investment analyst and deputy portfolio manager for Saturna Capital Corporation. From 2007 to 2018, Ms. Alm was a senior research analyst with Wells Fargo Asset Management focusing on high-yield municipal bonds.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 23.87 6.37 6.11