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Sustainable & Responsible Mutual Fund Chart

Fund Profile:
Azzad Ethical Fund Download as PDF for Printing PDF Download

Jump to: General Fund Information | Fund Institution Information | Account Minimums | Methodology | Proxy Voting Information | Specific Screening Information by Category | Performance Data


General Fund Information - [Return to Top]

Ticker: ADJEX

Assets under management (AUM): $67.48M (in US$ millions) - See other performance data below

General Fund Type: Equity Mid-Small Cap

Specific Sizes or Types of Investments: Mid-cap equities

Financial Objective: Long-term growth

Specific ESG Focus: The Azzad Ethical Fund screens out investments that profit from products or industries that harm society and the environment and considers companies' debt ratios as well as their practices with respect to environmental responsibility, labor standards, and human rights. More details are below under "Screening Process." We believe that companies operating responsibly offer promising opportunities for sustainable growth over the long term. Investors in the Azzad Funds can align their investment goals with the broader objective of social well-being.

To invest, call: 888-862-9923

 


Institution Name:
Azzad Asset Management

Mutual Funds Description: Azzad has been managing socially responsible portfolios since 1997. We sponsor a wrap program for retail clients who demand a comprehensive investment solution using asset allocation, rebalancing, socially responsible screening and a unique broker platform. Azzad also manages and is the investment advisor to the Azzad Funds. For institutional clients, Azzad manages international and real estate model portfolios.

Contact info:
3141 Fairview Park Dr., Ste. 460
Falls Church, VA 22042
United States
Phone: (703)207-7005
Fax: (703)852-7478
Email: info@azzad.net
Web: http://www.azzadfunds.com (Opens in a new window)

 

Account Minimums - [Return to Top]

Minimum Account: $1,000

Minimum IRA: $500

 

Methodology - [Return to Top]

Screening Venue: In-house

Screening Party: Jamal Barmil, Portfolio Manager

Screening Database Used: A proprietary software called ISFA

Screening Process: We screen out companies that derive significant revenue (more than 5%) from areas that violate our ethical investment guidelines. These include interest (conventional financial institutions), alcohol, tobacco, pornography, pork products, gambling, and weapons. We consider a company's debt ratio as well as its practices with respect to environmental responsibility, labor standards, and human rights. With an eye toward social justice, we do not invest in securities that violate the UN Global Compact or that are involved in hydraulic fracturing (fracking), for-profit prisons, or other socially and environmentally destructive industries. Our ethical investment philosophy strives to identify companies that are financially responsible, which means that companies with high debt are excluded because we believe they may be in financial peril. Specifically: Debt to asset and debt to market cap (12 month trailing average) should be less than 30%. Interest income to sales ratio should be less than or equal to 5%. Accounts receivables to assets ratio should be less than or equal to 45%. Our ethical screening doesn’t stop once a portfolio is created; we regularly re-screen our portfolios. If we find a company is no longer compliant, we sell it. We believe that halal investing is part of the wider movement toward the promotion of sustainability as a key element of economic life.

 

Proxy Voting Information - [Return to Top]

Proxy Voting Guidelines or Policies: Full proxy voting policy: http://www.azzad.net/pages/ProxyVoting.aspx . Azzad engages in shareholder advocacy on behalf of investors in accordance with our ethical proxy voting guidelines.

Proxy Voting Records: Call fund company: (703) 207-7005 x101

 

Specific Screening Information by Category - [Return to Top]

Environment

  • Climate / Clean Technology: Restricted/Exclusionary Investment - UN Global Compact Principles. No companies involved in hydraulic fracturing (fracking).
  • Pollution / Toxics: Restricted/Exclusionary Investment - UN Global Compact Principles
  • Other Environmental: Restricted/Exclusionary Investment - UN Global Compact Principles

Social

  • Human Rights: Restricted/Exclusionary Investment - UN Global Compact Principles
  • Labor Relations: Restricted/Exclusionary Investment - UN Global Compact Principles
  • Sudan: No Investment

Governance

    Products

    • Alcohol: No Investment
    • Animal Welfare: Restricted/Exclusionary Investment
    • Defense/Weapons: No Investment
    • Gambling: No Investment
    • Tobacco: No Investment

    Other

    • Other/Qualitative: No investment (by fund policy) in conventional financial institutions. No investment (by fund policy) in pork products. No investment (by fund policy) in pornography. No investment (by fund policy) in companies involved in hydraulic fracturing (fracking). No investment (by fund policy) in international areas of conflict. No investment (by fund policy) in companies managing for-profit/private prisons.
    • Shareholder Engagement - Shareholder Resolutions: Filed or co-filed with companies on environmental, social or governance issues
    • Shareholder Engagement - Private Dialogue: Conducted with companies on environmental, social or governance issues

    Performance Data - [Return to Top]

    Data provided by: Bloomberg logo - Information current as of April 30, 2017

    Year-to-date rate of return: 10.63%

    1-year rate of return: 15.47%

    3-year rate of return: 4.4%

    5-year rate of return: 8.17%

    10-year rate of return: 6.86%

    Previous year rate of return: 2.48%

    Management fee: 0.8%

    Expense ratio: 0.99%

    Standard deviation: 9.07%

    Benchmark used: Russell Mid Cap Growth

    Disclaimer: The Azzad Funds are available through prospectus only. Please contact us for a free copy.


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