September 17, 2019 – Morningstar, Inc., a global mutual fund research and rating firm, mentions Amana Income Fund in “Our Ultimate Stock-Pickers’ Top 10 Dividend-Yielding Stocks” published by their Ultimate Stock-Pickers Team. The article names the Morningstar team’s top 10 income stocks and discusses their selection process that screens from a pool of “the highest-quality names that are currently held with conviction by our top managers.”
The article links to Morningstar’s elite Ultimate Stock-Pickers Investment Management Roster of 26 names, on which Nick Kaiser is the only manager to hold two spots as manager of Amana Income Fund and Amana Growth Fund. For each of the past 10 years, Kaiser has earned recognition on the list, which also includes Berkshire Hathaway’s Warren Buffett.
Nick Kaiser founded Saturna Capital in 1989. He has been named to Morningstar's Ultimate Stock-Picker's list from 2010 through 2019. He has twice been nominated for Morningstar's Domestic Stock Portfolio Manager of the Year (2006 & 2008) and twice been named to Barron's Top 100 Portfolio Managers (2001 & 2002). In addition to the Amana Income and Amana Growth Funds, he is portfolio manager of Sextant International Fund.
A Few Words About Risk:
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.
The Amana Funds limit the securities they purchase 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.
As of 8/30/19, none of Saturna’s affiliated mutual funds’ portfolios owned shares of Berkshire Hathaway.