Saturna Capital's 2022 Year in Review
January 31, 2023 - Saturna celebrated several achievements in 2022. Investor's Business Daily recognized Amana Growth and Sextant International on the Best Mutual Funds of 2022 Awards List and Morningstar named Amana Growth and Amana Income Funds in their article "2022’s Top Sustainable Funds Weather a Tough Market."
Amana Growth Fund was ranked the #1 Large Growth Fund as of June 30, 2022 and September 30, 2022 by US News and World Report.
Our podcast, Halal Money Matters, continued its exponential listener growth, and we added 4 new episodes covering topics such as the performance of Islamic investments, inflation, Zakat al-Fitr, and aligning goals with personal values.
Saturna Capital also launched a mobile app for Mac iOS and Google Android.
Our ability to weather stormy seas comes down to our crew that keeps us sailing, financial prudence that keeps our ship steady, the priority we place on sustainable business measures, and, above all, the confidence our shareowners place in us.
More on our Milestone Achievements:
About Investor’s Business Daily’s Best Mutual Funds Awards 2022
For a fund to receive an award, it must outperform a benchmark selected by Investor’s Business Daily over the 10-year period ended December 31, 2021. Amana Growth Fund outperformed the S&P 500 Index for the Best Growth Stock Funds, Best Large-Cap Funds, and Best US Diversified Mutual Funds categories. It was rated among 486 Growth Stock Funds, 697 Large-Cap Funds, and 1,287 US Diversified Mutual Funds. Sextant International Fund outperformed the MSCI EAFE Index and was rated among 613 International Stock Mutual Funds.
Morningstar is a leading mutual fund research and tracking firm. Morningstar estimates that there are 534 mutual funds with sustainable and/or ESG mandates. While Morningstar does not define the criteria to be considered a “Top Sustainable Fund,” they suggest that the label has been applied to funds that outperformed their respective Morningstar categories for the past year-to-date, 3-year, and/or 5-year periods ended June 7, 2022.
About US News & World Report Best Fund Rankings
The US News Mutual Fund Score is produced using an equal weighting of the overall ratings provided by their data sources, including Morningstar, Lipper, Zacks, CFRA, and TheStreet. Individual fund rating systems are normalized to a 100-point scale based on point totals assigned to individual scoring systems. For Morningstar's and CFRA's five-Star ranking and Zacks' five-point scale, each star or point awarded would receive 20 points. In TheStreet's A-to-E scale, a highly rated "A" fund would receive 100 points, while a low-rated "E" would receive 20 points. The five Lipper Leader categories are each worth a total of 20 points, giving 4 points to each 1-to-5 point scale assigned to each section of the Lipper rankings. The US News score is calculated by dividing total points awarded according to the above system by the number of data sources (five). The combined US News Mutual Fund Score ranks funds numerically based on this score. Funds with identical scores to one decimal place are awarded the same numerical ranking. The Amana Growth Fund was ranked first among 1,177 Large Growth Funds, scoring 9.3 out of 10, for the one year period ended June 30, 2022, and among 1,174 Large Growth Funds, scoring 9.4 out of 10, for the one year period ended September 30, 2022.