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Salim Manzar accepting the 2009 Lipper Award for Amana Growth Fund.

Amana Trustee Salim Manzar (left) accepts Amana Growth's 3 Year Award from a Lipper Representative.

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News & Awards

Lipper Recognizes Amana Growth with Awards

Bellingham, WA (April 8, 2009) — Saturna Capital Corporation is pleased to announce that the Amana Growth Fund placed first for Best Multi-Cap Growth Fund in both the three and five year periods at the 2009 Lipper Fund Awards. The Fund, which is managed by Nicholas Kaiser, president of Saturna Capital Corporation, was chosen from 392 funds in its category over 3 years through December 31, 2008, and from 326 funds in the five-year period, for demonstrating consistently strong risk-adjusted returns compared with its peers. Lipper, a wholly-owned subsidiary of Reuters, presented the award to Saturna at a ceremony in New York City on April 2, 2009.

In addition, Saturna’s Amana Income Fund and Sextant International Fund received 2008 Lipper Performance Certificates for ranking number one for the five years ending December 31, 2008, among the 177 Equity Income funds and 190 International Multi-cap Core funds, respectively.

"We are very pleased to receive this prestigious award and recognition for our funds," said Mr. Kaiser. "It once again demonstrates our commitment to our shareholders to deliver strong and consistent investment returns."

Saturna Capital Corporation also recently received the 2008 Best US Islamic Equity Fund Award for the Amana Income fund in the one, three, and five-year categories (against 7 other Islamic mutual funds for each period) from Failaka Advisors, the Islamic fund monitoring and rating company. The award was presented to Saturna at the fourth annual Failaka Fund Awards ceremony in Kuala Lumpur, Malaysia.

The Amana Funds are designed for American Muslims who wish to invest according to Islamic principles. In addition to Amana’s awards from Lipper, Monem Salam, Director and Vice President of Islamic Investing for Saturna, was recently recognized by Institutional Investor News as one of the "Twenty Rising Stars" in the mutual fund industry. Moreover, The Amana Funds have, over the last couple of years, received strong long-term performance ratings from investment research firm Morningstar (both the Amana Income and the Amana Growth Funds rate 5 stars overall). In addition, Failaka International, an Islamic fund monitoring and rating company, has named Saturna Capital Best US Islamic Fund Manager for every year since 2005.

About Saturna Capital

Saturna Capital Corporation, established in 1989 in Bellingham, WA, is the investment adviser and administrator to over $1 billion in assets in the Amana Mutual Funds Trust, which includes the Amana Growth and Amana Income funds, and the Saturna Investment Trust. Saturna Investment Trust consists of six funds: Sextant Growth (domestic equities), Sextant International (ADRs and foreign stocks), Sextant Core (bonds and equities), 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 Documents & Forms. Please read the prospectus carefully before investing.

Average Annual Returns Before Taxes as of 12/31/2008: 1 Year 5 Years 10 Years Expense Ratio*
Amana Income Fund -23.48% 7.47% 4.49% 1.33%
Amana Growth Fund -29.66% 6.15% 6.98% 1.31%

Average Annual Returns Before Taxes as of 3/31/2009: 1 Year 5 Years 10 Years Expense Ratio*
Amana Income Fund -26.07% 5.69% 4.05% 1.33%
Amana Growth Fund -25.56% 4.97% 6.11% 1.31%

*Expense ratios are as of the Funds' prospectus dated 8/21/2008. To view updated information, please see each Fund's individual pages by following the links above or visit Average Annual Returns.

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. Returns quoted above do not reflect the potential deduction of a 2% redemption fee on shares held less than 90 calendar days. Current performance may be signaificantly higher or lower than data quoted herein. Performance current to the most recent month-end can be obtained by visiting Average Annual Returns.

Lipper™ Quintile Rankings Based on Total Return as of 12/31/2008
1 Year 3 Years 5 Years 10 Years
(Actual Rank / Number of Funds in Category)
Amana Income Fund / Equity Income Funds
1st 1st 1st 1st
(12/286) (1/229) (1/177) (6/99)
Amana Growth Fund / Multi-Cap Growth Funds
4th 1st 1st 1st
(11/506) (11/386) (1/320) (4/144)

Lipper™ Quintile Rankings Based on Total Return as of 3/31/2009
1 Year 3 Years 5 Years 10 Years
(Actual Rank / Number of Funds in Category)
Amana Income Fund / Equity Income Funds
1st 1st 1st 1st
(8/296) (1/234) (1/181) (6/103)
Amana Growth Fund / Multi-Cap Growth Funds
2nd 1st 1st 1st
(8/499) (10/387) (1/323) (5/146)

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 12/31/2008
Overall 3-Year 5-Year 10-Year
Amana Income Fund 5 Stars 5 Stars 5 Stars 5 Stars
Funds in Large Value category 1185 1185 963 451
Amana Growth Fund 5 Stars 5 Stars 5 Stars 5 Stars
Funds in Lage Growth category 1507 1507 1243 608

Morningstar Rankings™ as of 3/31/2009
Overall 3-Year 5-Year 10-Year
Amana Income Fund 5 Stars 5 Stars 5 Stars 5 Stars
Funds in Large Value category 1192 1192 964 459
Amana Growth Fund 5 Stars 5 Stars 5 Stars 5 Stars
Funds in Lage Growth category 1491 1491 1229 615

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 - U.S.":

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 Sharia compliant fund manager
  • Have provided a consistent and long-term return relative to prevailing market conditions
  • Manage more than one Sharia 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.

The "Best Fund Manager - U.S." award is given to the manager based in the U.S. with the most consistent performance in any geographic market across all Sharia compliant fund categories. The manager must have at least a 3-year history in managing such funds.