AMANX
$61.45
$1.47
$786.97 M
AMINX
$60.68
$1.46
$1.04 B

Overview

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.

Performance

Short Term Performance
as of 03/31/2025

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%

Average Annual Total Returns (Net of Fees)
as of 03/31/2025

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.

Average Annual Total Returns (Net of Fees)
as of 03/31/2025

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.

Fees & Minimums

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.

Principal Risks of Investing in the Fund

Expand

Market risk: The value of Income Fund shares rises and falls as the value of the securities in which the Fund invests goes up and down. Consider investing in the Fund only if you are willing to accept the risk that you may lose money. Fund share prices, yields, and total returns will change with the fluctuations in the securities markets as well as the fortunes of the industries and companies in which the Fund invests.

Investment strategy risk: : Islamic principles restrict the Income Fund’s ability to invest in certain market sectors, such as financial companies and conventional fixed-income securities. The adviser (Saturna Capital Corporation) believes that Islamic and sustainable investing may mitigate security-specific risks, but the screens used in connection with these strategies reduce the investable universe, which may limit investment opportunities and adversely affect the Fund’s performance. Because Islamic principles preclude the use of interest-paying instruments, cash reserves do not earn income.

Equity securities risk: Equity securities may experience significant volatility in response to economic or market conditions or adverse events that affect a particular industry, sector, or company. Larger companies may have slower rates of growth as compared to smaller, faster-growing companies. Smaller companies may have more limited financial resources, products, or services, and tend to be more sensitive to changing economic or market conditions.

Foreign investing risk: The Income Fund may invest in securities that are not traded in the United States when market conditions or investment opportunities arise that, in the judgment of the adviser, warrant such investment. Investments in the securities of foreign issuers may involve risks in addition to those normally associated with investments in the securities of US issuers. All foreign investments are subject to risks of: (1) foreign political and economic instability; (2) adverse movements in foreign exchange rates; (3) currency devaluation; (4) the imposition or tightening of exchange controls or other limitations on repatriation of foreign capital; (5) changes in foreign governmental attitudes toward private investment, including potential nationalization, increased taxation, or confiscation of assets; and (6) differing reporting, accounting, and auditing standards of foreign countries.