Sustainable, Responsible and Impact Mutual Fund and ETF Chart
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: AMANX
Assets under management (AUM): $1719.31M (in US$ millions) - See other performance data below
General Fund Type: Equity Large Cap
Specific Sizes or Types of Investments: --
Financial Objective: Current income and preservation of capital.
Specific ESG Focus: The Fund seeks companies demonstrating both Islamic and sustainable characteristics. The Fund’s adviser (Saturna Capital Corporation) considers issuers with sustainable characteristics to be those issuers that are more established, consistently profitable, and financially strong, and with robust policies in the areas of the environment, social responsibility, and corporate governance (“ESG”). The Fund’s adviser employs a sustainable rating system based on its own, as well as third-party, data to identify issuers believed to present low risks in ESG. The Fund’s adviser also uses negative screening to exclude security issuers primarily engaged in higher ESG risk businesses such as alcohol, tobacco, pornography, weapons, gambling, and fossil fuel extraction.
To invest, call: 1-800-SATURNA (1-800-728-8762)
Institution Name:
Saturna Capital
Mutual Funds Description: Saturna Capital, manager of the Amana, Saturna Sustainable, Sextant, and Idaho Tax-Exempt Funds, uses years of investment experience to aid investors in navigating today’s volatile markets. Founded in 1989 by professionals with extensive experience, Saturna has helped individuals and institutions build wealth, earn income, and preserve capital. We are long-term, values-based, and socially responsible investors. We view consideration of environmental, social, and governance (ESG) factors as essential in forming portfolios of high quality companies that are better positioned to reduce risk and identify opportunities. We believe that companies proactively managing business risks related to ESG issues make better contributions to the global economy and are more resilient. At Saturna, we believe in making your investment dollars work hard for you and that your interests always come first. Saturna strives to not only offer the best investment opportunities from mutual funds to IRAs, but to match those sound investments with superior customer service.
Contact info:
1300 North State Street
Bellingham,WA 98225
USA
Phone: 800-728-8762
Fax: 360-734-0755
Email: info@saturna.com
Web: http://www.saturna.com (Opens in a new window)
Account Minimums - [Return to Top]
Minimum Account: $100.00
Minimum IRA:
$0.00
Screening Venue: In-house
Screening Party:
Saturna Capital Research Team
Screening Database Used:
Saturna Capital's proprietary database, in conjunction with external sources including Bloomberg and Refinitiv.
Screening Process:
The Amana Income Fund seeks companies demonstrating both Islamic and sustainable characteristics.
The Fund’s adviser (Saturna Capital Corporation) considers issuers with sustainable characteristics to be those issuers that are more established, consistently profitable, and financially strong, and with robust policies in the areas of the environment, social responsibility, and corporate governance (“ESG”). The Fund’s adviser employs a sustainable rating system based on its own, as well as third-party, data to identify issuers believed to present low risks in ESG.
Islamic principles require investors to share in profit and loss, to exclude investments in prohibited activities, and to avoid speculation in favor of long-term investment.
Business sector and ESG screens eliminate companies primarily involved in certain activities including:
- Interest
- Gambling
- Pork
- Fossil fuel extraction
- Alcohol
- Tobacco
- Pornography
- Weapons
Financial screens eliminate companies with:
- Greater than 5% of their revenue coming from haram, or unacceptable, sources (such as those listed above)
- Greater than 33% total debt as compared to their market capitalization (trailing 12 month average)
- Greater than 45% accounts receivable as compared to their total assets (trailing 12 month average)
The guidelines developed for the Amana Funds help ensure that investments meet the requirements of the Islamic faith and were established by Saturna in collaboration with the Fiqh Council of North America (FCNA), a non-profit organization serving the Muslim community. To ensure that investments continue to meet the requirements of the Islamic faith, Saturna engages Amanie Advisors Sdn Bhd, a leading consultant specializing in Islamic finance.
Amana’s equity funds also support the fossil fuel divestment campaign by excluding energy extraction and refining companies.
Proxy Voting Information - [Return to Top]
Proxy Voting Guidelines or Policies: Open external link in new window
Proxy Voting Records: Open external link in new window
Specific Screening Information by Category - [Return to Top]
Environment
- Climate / Clean Technology: Combination of Positive and Restricted/Exclusionary Strategies
- Pollution / Toxics: Positive Investment
- Other Environmental: Positive Investment
Social
- Community Development: Positive Investment
- Diversity & Equal Employment Opportunity: Positive Investment
- Human Rights: Positive Investment
- Labor Relations: Positive Investment
- Conflict Risk: Positive Investment
Governance
- Board Issues: Positive Investment
- Executive Pay: Positive Investment
Products
- Alcohol: Restricted/Exclusionary Investment
- Animal Welfare: Positive Investment
- Defense/Weapons: Combination of Positive and Restricted/Exclusionary Strategies
- Gambling: Restricted/Exclusionary Investment
- Tobacco: Restricted/Exclusionary Investment
Other
Performance Data - [Return to Top]
Data provided by:
- Information current as of December 31, 2023
Year-to-date rate of return: 13.55%
1-year rate of return: 13.55%
3-year rate of return: 8.3%
5-year rate of return: 12.64%
10-year rate of return: 9.25%
Previous year rate of return: -8.75%
Management fee: 0.75%
Expense ratio: 1.02%
Standard deviation: 12.55%
Benchmark used: S&P 500 Composite Total Return | External link (Opens in a new window)
Disclaimer:
Please consider an investment's objectives, risks, charges, and expenses carefully before investing. To obtain this and other important information about Amana Income Fund in a current prospectus or summary prospectus, please visit www.amanafunds.com or call toll free 1-800-728-8762. Please read the prospectus or summary prospectus carefully before investing.
Investing involves risk, including possible loss of principal. The Amana Income Fund limits the securities it purchases to those consistent with Islamic and sustainable principles. This limits opportunities and may affect performance. Fund share prices, yields, and total returns will change with market fluctuations as well as the fortunes of the countries, industries, and companies in which it invests. Foreign investing involves risks not normally associated with investing solely in US securities. These include fluctuations in currency exchange rates, less public information about securities, less governmental market supervision, and the lack of uniform financial, social, and political standards. Foreign investing heightens the risk of confiscatory taxation, seizure or nationalization of assets, establishment of currency controls, or adverse political or social developments that affect investments.
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 their original cost. Current performance may be higher or lower than performance data quoted. Standardized returns current to the most recent month-end can be obtained by visiting www.amanafunds.com or by calling toll free 1-800-728-8762.
The Amana Income Fund is distributed by Saturna Brokerage Services, Inc., member FINRA/SIPC and a wholly-owned subsidiary of Saturna Capital Corporation, investment adviser to the Fund. Saturna Brokerage Services and US SIF are not affiliated.