Investment Objective
Current income and preservation of capital, consistent with Islamic principles. Current income is its primary objective.
Investment Approach
- Characteristics of financial sustainability include management strength, low debt, and strong balance sheets
- Investments made in accordance with Islamic principles
- Diversified across industries and companies
- Targeted to investors seeking current income and preservation of capital
- Generally large-cap, but can invest in any capitalization domestic and foreign stocks
The Income Fund invests primarily in dividend-paying common stocks, including foreign stocks. Investment decisions are made in accordance with Islamic principles. Generally, Islamic principles require that investors share in profit and loss, that they receive no usury or interest, and that they do not invest in a business that is prohibited by Islamic principles. Some of the businesses not permitted are alcohol, pornography, insurance, gambling, pork processing, and interest-based banks or finance associations.
The Income Fund does not make any investments that pay interest. Islamic principles discourage speculation, and the Fund tends to hold investments for several years.
It is the policy of the Income Fund, under normal circumstances, to invest at least 80% of its total net assets in income-producing securities, primarily dividend-paying common stocks.
|
Ticker | 3 Month | 6 Month | YTD |
|---|---|---|---|---|
| Amana Income Investor | AMANX | -1.31% | -4.67% | -1.31% |
| Amana Income Institutional | AMINX | -1.25% | -4.55% | -1.25% |
| S&P 500 Total Return Index | SPTR | -4.27% | -1.97% | -4.27% |
|
Ticker | 1 Year | 3 Year | 5 Year | 10 Year | Expense Ratio2 | 30-Day Yield1 |
|---|---|---|---|---|---|---|---|
| Amana Income Investor | AMANX | 1.25% | 7.24% | 14.47% | 9.50% | 1.01% | 0.71% |
| Amana Income Institutional | AMINX | 1.52% | 7.50% | 14.74% | 9.76% | 0.76% | 0.96% |
| S&P 500 Total Return Index | SPTR | 8.25% | 9.06% | 18.59% | 12.50% | n/a | n/a |
|
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 Fund cannot guarantee that its investment objective will be met. Securities of the Fund are offered and sold only through the prospectus or summary prospectus. 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. ² Expense ratios shown are as stated in the Fund's most recent prospectus or summary prospectus dated September 27, 2024. | |||||||
|
Ticker | 1 Year | 3 Year | 5 Year | 10 Year | Expense Ratio2 | 30-Day Yield1 |
|---|---|---|---|---|---|---|---|
| Amana Income Investor | AMANX | 1.25% | 7.24% | 14.47% | 9.50% | 1.01% | 0.71% |
| Amana Income Institutional | AMINX | 1.52% | 7.50% | 14.74% | 9.76% | 0.76% | 0.96% |
| S&P 500 Total Return Index | SPTR | 8.25% | 9.06% | 18.59% | 12.50% | n/a | n/a |
|
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 Fund cannot guarantee that its investment objective will be met. Securities of the Fund are offered and sold only through the prospectus or summary prospectus. 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. ² Expense ratios shown are as stated in the Fund's most recent prospectus or summary prospectus dated September 27, 2024. | |||||||
Growth of $10,000
This chart illustrates the performance of a hypothetical $10,000 invested at the beginning of the period and redeemed at the end of the period, and assumes reinvestment of all dividends and capital gains.
The S&P 500 is an index comprised of 500 widely held common stocks considered to be representative of the US stock market in general. The Russell 1000 Value Index measures the performance of the large-cap value segment of the US equity universe. It includes those Russell 1000 Index companies with lower price-to-book ratios and lower expected growth values.
Holdings
as of 03/31/2025
Top Ten Holdings
| Holding | % of Net Assets |
|---|---|
| Eli Lilly | 13% |
| Cash & Equivalents | 9.8% |
| Microsoft | 8% |
| Taiwan Semiconductor ADS | 7.3% |
| W.W. Grainger | 4.2% |
| Holding | % of Net Assets |
|---|---|
| Rockwell Automation | 4.1% |
| Illinois Tool Works | 3.9% |
| Linde | 3.2% |
| Nintendo | 2.7% |
| Broadcom Ltd | 2.7% |
*Current portfolio holdings may not be indicative of future portfolio holdings.
1 Percentage of total investments includes all stocks, plus cash minus all short positions.
2 Total represents the difference between the long exposure and the short exposure, which produces the net exposure.
| Holding | Market Value | Quantity |
|---|---|---|
| Eli Lilly | $246,125,310 | 298,005 |
| Cash & Equivalents | $184,355,894 | 0 |
| Microsoft | $150,156,000 | 400,000 |
| Taiwan Semiconductor ADS | $136,867,000 | 824,500 |
| W.W. Grainger | $79,026,400 | 80,000 |
| Rockwell Automation | $77,514,000 | 300,000 |
| Illinois Tool Works | $74,403,000 | 300,000 |
| Linde | $60,533,200 | 130,000 |
| Nintendo | $51,136,697 | 750,000 |
| Broadcom Ltd | $50,229,000 | 300,000 |
| Abbott Laboratories | $46,427,500 | 350,000 |
| Cisco Systems | $46,282,500 | 750,000 |
| McCormick & Co | $46,034,995 | 559,288 |
| Genuine Parts | $45,511,480 | 382,000 |
| Texas Instruments | $44,925,000 | 250,000 |
| Johnson Controls International | $44,060,500 | 550,000 |
| Kimberly-Clark | $42,666,000 | 300,000 |
| Holding | Market Value | Quantity |
|---|---|---|
| Procter & Gamble | $42,605,000 | 250,000 |
| Colgate-Palmolive | $42,165,000 | 450,000 |
| Kenvue Inc | $40,166,500 | 1,675,000 |
| Canadian National Railway | $37,424,640 | 384,000 |
| Amgen | $36,652,300 | 117,645 |
| Novartis ADS | $32,931,192 | 295,400 |
| Air Products & Chemicals | $32,441,200 | 110,000 |
| Ferguson Enterprises Inc | $32,046,000 | 200,000 |
| Eaton Corp PLC | $29,901,300 | 110,000 |
| United Parcel Service, Cl B | $28,597,400 | 260,000 |
| Unilever ADS | $28,286,250 | 475,000 |
| Johnson & Johnson | $27,363,600 | 165,000 |
| AbbVie | $20,952,000 | 100,000 |
| Merck & Co | $11,040,480 | 123,000 |
| Home Depot | $10,994,700 | 30,000 |
| Nike, Class B | $6,665,400 | 105,000 |
Sector Allocation
| Sector | % of Net Assets |
|---|---|
| Technology | 25.4% |
| Health Care | 22.3% |
| Industrials | 21.4% |
| Consumer Staples | 12.8% |
| Sector | % of Net Assets |
|---|---|
| Other | 9.8% |
| Materials | 4.9% |
| Consumer Discretionary | 3.3% |
*Current portfolio holdings may not be indicative of future portfolio holdings.
1 Percentage of total investments includes all stocks, plus cash minus all short positions.
2 Total represents the difference between the long exposure and the short exposure, which produces the net exposure.
Security and sector weightings are shown as a percentage of total net assets.
Distributions
| Record Date | Ex, Pay and Reinvest Date | Ordinary Income | Qualified Income | Short-Term Capital Gains | Long-Term Capital Gains | Total Distributions (per share) |
|---|---|---|---|---|---|---|
| 12/18/2024 | 12/19/2024 | $0.00 | $0.22 | $0.00 | $3.157 | $3.377 |
| 05/22/2024 | 05/23/2024 | $0.00 | $0.27 | $0.00 | $0.00 | $0.27 |
| 12/20/2023 | 12/21/2023 | $0.00 | $0.24 | $0.00 | $2.61 | $2.85 |
| 05/17/2023 | 05/18/2023 | $0.00 | $0.3 | $0.00 | $0.00 | $0.3 |
| 12/14/2022 | 12/15/2022 | $0.00 | $0.25 | $0.00 | $3.975 | $4.225 |
| 05/25/2022 | 05/26/2022 | $0.00 | $0.31 | $0.00 | $0.00 | $0.31 |
| 12/15/2021 | 12/16/2021 | $0.00 | $0.24 | $0.00 | $2.593 | $2.833 |
| 05/26/2021 | 05/27/2021 | $0.00 | $0.24 | $0.00 | $0.00 | $0.24 |
| Record Date | Ex, Pay and Reinvest Date | Ordinary Income | Qualified Income | Short-Term Capital Gains | Long-Term Capital Gains | Total Distributions (per share) |
|---|---|---|---|---|---|---|
| 12/18/2024 | 12/19/2024 | $0.00 | $0.36 | $0.00 | $3.157 | $3.517 |
| 05/22/2024 | 05/23/2024 | $0.00 | $0.32 | $0.00 | $0.00 | $0.32 |
| 12/20/2023 | 12/21/2023 | $0.00 | $0.37 | $0.00 | $2.61 | $2.98 |
| 05/17/2023 | 05/18/2023 | $0.00 | $0.35 | $0.00 | $0.00 | $0.35 |
| 12/14/2022 | 12/15/2022 | $0.00 | $0.39 | $0.00 | $3.975 | $4.365 |
| 05/25/2022 | 05/26/2022 | $0.00 | $0.38 | $0.00 | $0.00 | $0.38 |
| 12/15/2021 | 12/16/2021 | $0.00 | $0.39 | $0.00 | $2.593 | $2.983 |
| 05/26/2021 | 05/27/2021 | $0.00 | $0.3 | $0.00 | $0.00 | $0.3 |
The Amana Income Fund intends to distribute its net investment income and net realized capital gains, if any, to its shareowners. Distributions from net capital gains and income dividends are paid at the end of December and May.
Dividends paid by the Fund with respect to each class of shares are calculated in the same manner and at the same time.
Both dividends and capital gain distributions are paid in additional full and fractional shares of the share class owned. At your option, you may receive dividends and/or capital gain distributions in cash. You are notified of each dividend and capital gain distribution when paid. Returned dividend payments will be automatically reinvested into your account and invested in additional shares of the Fund; future dividends in such accounts will continue to be reinvested until the shareowner is located or the account is closed.
Distributions for the last five years are listed in the table above. For prior distributions, please contact a Saturna representative.
Regulations regarding distributions can be complex, and there are several methods for managing your tax liability. Please consult a tax advisor about your particular circumstances. You also may obtain helpful information by calling the Internal Revenue Service at 1-800-829-1040 or visiting www.irs.gov.
If applicable, distribution information will appear on Form 1099-DIV, typically sent in late January. For more information on tax documentation, please visit our Tax Documentation page.
The Fund pays per-share distributions to shareowners invested on the Record Date. On the Payable Date, the fund's share price is reduced by the amount of its distribution.
The following tables describe the fees and expenses mutual fund shareowners may pay. There are no shareowner fees (fees paid directly from an investment). The Fund imposes no sales charge (load) on purchases or reinvested dividends, or any deferred sales charge (load) upon redemption. There are no exchange fees or account fees. Investments in mutual funds are subject to ongoing expenses. Saturna endeavors to keep these fees low. We encourage you to compare the following fees with similar fees of other no-load mutual funds:
Shareowner Fees
(fees paid directly from your investment)
| None |
Annual Fund Operating Expenses
(expenses that you pay each year as a percentage of the value of your investment)
Investor Shares (AMANX) | Institutional Shares (AMINX) | |
| Management Fees | 0.75% | 0.75% |
| Distribution (12b-1) Fees | 0.25% | 0.00% |
| Other Expenses | 0.01% | 0.01% |
| Total Annual Fund Operating Expenses | 1.01% | 0.76% |
As stated in the Fund's most recent Prospectus dated September 27, 2024.
Investment Minimum
| The minimum initial investment for Investor Shares is $100 (for tax-sheltered accounts, there is no minimum). Institutional Shares are available with a minimum investment of $100,000. |