Daily Prices & Stats
As of July 25, 2016
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June 30, 2016
|Amana Developing World Investor Shares||AMDWX||$9.80||$-0.01||▼||11.74%||▲||0.20%||n/a|
|Amana Developing World Institutional Shares||AMIDX||$9.85||$-0.02||▼||11.93%||▲||0.48%||n/a|
|Amana Growth Investor Shares||AMAGX||$34.17||$-0.05||▼||7.62%||▲||0.48%||n/a|
|Amana Growth Institutional Shares||AMIGX||$34.25||$-0.04||▼||7.77%||▲||0.73%||n/a|
|Amana Income Investor Shares||AMANX||$46.68||$-0.03||▼||10.81%||▲||1.21%||n/a|
|Amana Income Institutional Shares||AMINX||$46.64||$-0.03||▼||10.97%||▲||1.45%||n/a|
|Amana Participation Investor Shares||AMAPX||$10.14||$0.01||▲||3.06%||▲||2.22%||$0.02133 INC|
|Amana Participation Institutional Shares||AMIPX||$10.17||$0.00||◆||3.14%||▲||2.49%||$0.02089 INC|
|Idaho Tax-Exempt||NITEX||$5.57||$0.00||◆||2.60%||▲||1.07%||$0.01070 TXFR|
|Saturna Sustainable Bond||SEBFX||$9.86||$0.01||▲||3.17%||▲||3.36%||$0.01885 INC|
|Saturna Sustainable Equity||SEEFX||$9.48||$-0.01||▼||-0.94%||▼||0.65%||n/a|
|Sextant Bond Income||SBIFX||$5.32||$0.00||◆||7.54%||▲||1.89%||$0.01224 INC|
|Sextant Global High Income||SGHIX||$9.69||$-0.02||▼||13.33%||▲||3.54%||n/a|
|Sextant Short-Term Bond||STBFX||$5.06||$0.00||◆||1.53%||▲||0.76%||$0.00325 INC|
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¹ A Fund's 30-Day Yield, sometimes referred to as "standardized yield" or "SEC yield,” is expressed as an annual percentage rate using a method of calculation adopted by the Securities and Exchange Commission (SEC). The 30-Day Yield provides an estimate of a Fund's investment income rate, but may not equal the actual income distribution rate. Without the voluntary expense cap, the 30-Day Yield for Saturna Sustainable Bond Fund would have been 3.01%, Saturna Sustainable Equity Fund would have been 0.00%, Sextant Bond Income Fund would have been 1.89%, Sextant Global High Income Fund would have been 3.33%, Sextant Short-Term Bond Fund would have been 0.38% .
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 our Month-End Returns Page or by calling toll free 1-800-728-8762. Saturna Capital, the Funds' adviser, has absorbed, currently or in the past, certain Fund expenses, without which total returns would have been lower.
A Few Words About Risk
By diversifying its investments, each Fund seeks to reduce the risk of owning only a few securities. Diversification does not assure a profit or protect against a loss in a declining market.
The Funds (except Sextant Growth and Idaho Tax-Exempt Funds) may invest in non-US companies and in foreign markets. Investing in foreign securities involves risks not typically associated directly with investing in US 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.
The Amana Growth and Sextant Growth Funds typically invest in smaller and less seasoned companies than the Income Fund, which may lead to greater variability in the Growth Funds' 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 Sextant Core Fund involves the risks of both equity and debt investing, although it seeks to mitigate these risks by maintaining a widely diversified portfolio that includes domestic stocks, foreign stocks, short and long-term bonds, and money market instruments.
Investment in the Sextant Global High Income Fund entails the risks of both equity and debt securities, although it seeks to mitigate these risks through a widely diversified portfolio that includes foreign and domestic stocks and bonds. Issuers of high-yield securities are generally not as strong financially as those issuing higher quality securities. Investments in high-yield securities can be speculative in nature. High-yield bonds may have low or no ratings, and may be considered "junk bonds."
The risks inherent in the Sextant Short-Term Bond, Sextant Bond Income, Saturna Sustainable Bond, and Idaho Tax-Exempt Funds depend primarily on the terms and quality of the obligations in their portfolios, as well as on bond market conditions. When interest rates rise, bond prices fall. When interest rates fall, bond prices go up. Bonds with longer maturities (such as those held by the Bond Income Fund) usually are more sensitive to interest rate changes than bonds with shorter maturities (such as those held by the Short-Term Bond Fund). The Funds entail credit risk, which is the possibility that a bond will not be able to pay interest or principal when due. If the credit quality of a bond is perceived to decline, investors will demand a higher yield, which means a lower price on that bond to compensate for the higher level of risk.
In addition to the fixed-income market risks above, the Amana Participation Fund entails risks specific to investing in sukuk. Sukuk structures may be significantly more complicated than conventional bonds and often include a series of entities created specifically to support the sukuk structure. In addition, sukuk are largely created in or otherwise subject to the risks of developing economies, many of which have weak or inconsistent accounting, legal, and financial infrastructure. The structural complexity of sukuk, along with the weak infrastructure of the sukuk market, increases risks of investing in sukuk, including operational, legal, and investment risks.
The Idaho Tax-Exempt Fund's investments are susceptible to factors adversely affecting Idaho, such as political, economic, and financial trends unique to this relatively small state. Investing only in Idaho bonds means that the Fund's investments are more concentrated than other mutual funds, and relatively few bond price changes may lead to underperformance compared to investments selected in greater number and/or from a wider universe.
Islamic principles restrict the Amana Funds' ability to invest in certain stocks and market sectors, such as financial companies and fixed-income securities. This limits opportunities and may affect performance.