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Amana Developing World Fund

mutual fund
AMIDX
Payout Change
Pending
Price as of:
$14.15 +0.1 +0.71%
primary theme
Emerging Markets Equity
share class
AMIDX (Mutual Fund)

Amana Developing World Fund

Payout Change
Pending
Price as of:
$14.15 +0.1 +0.71%
primary theme
Emerging Markets Equity
share class
AMIDX (Mutual Fund)

Amana Developing World Fund

Payout Change
Pending
Price as of:
$14.15 +0.1 +0.71%
primary theme
Emerging Markets Equity
share class

Name

As of 11/07/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$14.15

$132 M

0.92%

$0.13

0.98%

Vitals

YTD Return

12.8%

1 yr return

23.1%

3 Yr Avg Return

1.9%

5 Yr Avg Return

7.4%

Net Assets

$132 M

Holdings in Top 10

37.2%

52 WEEK LOW AND HIGH

$14.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.98%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 3.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$100,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 11/07/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$14.15

$132 M

0.92%

$0.13

0.98%

AMIDX - Profile

Distributions

  • YTD Total Return 12.8%
  • 3 Yr Annualized Total Return 1.9%
  • 5 Yr Annualized Total Return 7.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.65%
DIVIDENDS
  • Dividend Yield 0.9%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Amana Developing World Fund
  • Fund Family Name
    Amana
  • Inception Date
    Sep 25, 2013
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Scott Klimo

Fund Description

Under normal circumstances, the Developing World Fund invests at least 80% of total net assets in common stocks of companies with significant exposure (50% or more of production assets, or revenues) to countries with developing economies and/or markets. 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. To the extent prohibited by Islamic investment principles the Developing World Fund does not invest in issuers whose business involves alcoholic beverages, pornography, insurance, gambling, pork products, and interest-based banks or finance associations.

The Developing World Fund does not make any investments not permitted under Islamic principles, including those that pay interest. Islamic principles discourage speculation. The Fund tends to hold investments for several years.

The Developing World Fund diversifies its investments across the industries, companies, and countries of the developing world, and principally follows a large-cap value investment style. The Fund seeks companies demonstrating both Islamic and sustainable characteristics.

The Fund’s adviser (Saturna Capital Corporation) considers issuers with sustainable characteristics to be those issuers that are more established, consistently profitable, and financially strong, with robust policies in the areas of the environment, social responsibility, and corporate governance (collectively referred to herein as “Sustainability”). The Fund’s adviser employs a sustainable rating system based on its own, as well as third-party, data to identify issuers believed to present low Sustainability risks. The Fund’s adviser also uses negative screening to exclude security issuers primarily engaged in higher Sustainability risk businesses such as alcohol, tobacco, pornography, weapons, gambling, and fossil fuel extraction.

In determining whether a country is part of the developing world, the Fund’s adviser will consider such factors as the country’s per capita gross domestic product, the percentage of the country’s economy that is industrialized, market capitalization as a percentage of gross domestic product, the overall regulatory environment, and limits on foreign ownership and restrictions on repatriation of initial capital or income.

Through reference to data provided by various globally recognized organizations such as the International Monetary Fund, The World Bank, and the Organization for Economic Cooperation and Development, the adviser maintains a list of countries it considers to have developing economies and/or markets. The list, which changes over time, currently includes:

Argentina, Bahrain, Brazil, Chile, China, Colombia, Croatia, Czech Republic, Egypt, Ecuador, Greece, Hungary, India, Indonesia, Jordan, Kuwait, Malaysia, Malta, Mexico, Oman, Panama, Peru, Philippines, Poland, Qatar, Saudi Arabia, Slovenia, South Africa, South Korea, Taiwan, Thailand, Turkey, Vietnam, and United Arab Emirates.

By allowing investments in companies headquartered in more advanced economies yet having the majority of production assets or revenues in the developing world, the Developing World Fund seeks to reduce its foreign investing risk.

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AMIDX - Performance

Return Ranking - Trailing

Period AMIDX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.8% -12.2% 35.0% 44.99%
1 Yr 23.1% -6.9% 45.2% 27.64%
3 Yr 1.9%* -13.8% 11.8% 15.81%
5 Yr 7.4%* -5.0% 12.0% 10.68%
10 Yr 3.3%* -1.9% 6.8% 56.64%

* Annualized

Return Ranking - Calendar

Period AMIDX Return Category Return Low Category Return High Rank in Category (%)
2023 12.2% -6.5% 35.5% 23.88%
2022 -18.5% -50.1% -2.4% 12.46%
2021 5.9% -33.1% 22.5% 9.05%
2020 21.6% -22.1% 80.1% 35.26%
2019 18.1% -0.7% 42.0% 51.91%

Total Return Ranking - Trailing

Period AMIDX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.8% -12.2% 35.0% 44.99%
1 Yr 23.1% -6.9% 45.2% 27.64%
3 Yr 1.9%* -13.8% 11.8% 15.81%
5 Yr 7.4%* -5.0% 12.0% 10.68%
10 Yr 3.3%* -1.9% 6.8% 56.64%

* Annualized

Total Return Ranking - Calendar

Period AMIDX Return Category Return Low Category Return High Rank in Category (%)
2023 13.4% -2.7% 42.0% 31.32%
2022 -17.4% -42.2% 1.9% 17.97%
2021 7.5% -32.5% 33.1% 15.18%
2020 21.6% -20.0% 81.6% 37.50%
2019 18.7% 2.3% 42.0% 65.34%

NAV & Total Return History


AMIDX - Holdings

Concentration Analysis

AMIDX Category Low Category High AMIDX % Rank
Net Assets 132 M 682 K 103 B 72.09%
Number of Holdings 40 9 7534 95.37%
Net Assets in Top 10 48.9 M 290 K 23.8 B 70.13%
Weighting of Top 10 37.18% 2.9% 101.1% 40.31%

Top 10 Holdings

  1. NVIDIA 8.57%
  2. Taiwan Semiconductor ADS 3.55%
  3. Weg S/A 3.27%
  4. Qualcomm 3.26%
  5. Unilever ADS 3.20%
  6. Colgate-Palmolive 3.16%
  7. ASML Holding NY 3.12%
  8. Clicks Group 3.05%
  9. BIM Birlesik Magazalar A.S. 3.02%
  10. Southern Copper 2.98%

Asset Allocation

Weighting Return Low Return High AMIDX % Rank
Stocks
95.35% 0.00% 107.82% 72.79%
Cash
4.65% -2.03% 98.08% 15.15%
Preferred Stocks
0.00% 0.00% 13.31% 100.00%
Other
0.00% -1.11% 26.93% 93.83%
Convertible Bonds
0.00% 0.00% 7.40% 100.00%
Bonds
0.00% 0.00% 88.10% 83.87%

Stock Sector Breakdown

Weighting Return Low Return High AMIDX % Rank
Technology
29.06% 0.00% 47.50% 14.06%
Healthcare
16.53% 0.00% 16.53% 0.28%
Consumer Defense
15.62% 0.00% 25.90% 4.12%
Basic Materials
13.11% 0.00% 30.03% 7.67%
Consumer Cyclical
7.89% 0.00% 48.94% 91.34%
Communication Services
6.79% 0.00% 39.29% 74.86%
Industrials
5.86% 0.00% 43.53% 52.84%
Real Estate
2.78% 0.00% 17.15% 21.16%
Financial Services
2.37% 0.00% 48.86% 99.57%
Utilities
0.00% 0.00% 39.12% 100.00%
Energy
0.00% 0.00% 24.80% 100.00%

Stock Geographic Breakdown

Weighting Return Low Return High AMIDX % Rank
Non US
54.89% 0.00% 100.18% 97.34%
US
40.46% 0.00% 100.95% 3.37%

AMIDX - Expenses

Operational Fees

AMIDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.98% 0.03% 29.98% 76.65%
Management Fee 0.80% 0.00% 2.00% 39.04%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.85% 0.01% 0.85% 100.00%

Sales Fees

AMIDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

AMIDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AMIDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 3.00% 0.00% 189.00% 0.69%

AMIDX - Distributions

Dividend Yield Analysis

AMIDX Category Low Category High AMIDX % Rank
Dividend Yield 0.92% 0.00% 9.74% 72.93%

Dividend Distribution Analysis

AMIDX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Annual Annual

Net Income Ratio Analysis

AMIDX Category Low Category High AMIDX % Rank
Net Income Ratio 0.65% -1.98% 17.62% 52.11%

Capital Gain Distribution Analysis

AMIDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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AMIDX - Fund Manager Analysis

Managers

Scott Klimo


Start Date

Tenure

Tenure Rank

Sep 14, 2012

9.72

9.7%

Mr. Klimo is vice president and chief investment officer of Saturna Capital and a deputy portfolio manager of Amana Income and Amana Developing World Funds. He joined Saturna Capital in 2012 as director of research. He received his BA in Asian Studies from Hamilton College in Clinton, NY and also attended the Chinese University of Hong Kong and the Mandarin Training Center in Taipei, Taiwan. Scott has more than 20 years experience in the financial industry with the first several years of his career spent living and working in a variety of Asian countries and the past 10 years working as a senior analyst, research director and portfolio manager covering global equities. He is a supporter of various environmental organizations and served for several years on the Board of Directors of the Marin County Bicycle Coalition. Outside of work, Mr. Klimo is an avid cyclist, private pilot, and scuba diver.From 2001 to 2011, he served as a senior investment analyst, research director, and portfolio manager at Avera Global Partners/Security Global Investors.

Monem Salam


Start Date

Tenure

Tenure Rank

Sep 21, 2017

4.69

4.7%

Mr. Monem Salam MBA, is a portfolio manager, investment analyst, and director for Saturna Capital Corporation. Mr. Salam is the president and executive director of Saturna Sdn. Bhd., Saturna Capital Corporation's wholly-owned Malaysian subsidiary.

Levi Zurbrugg


Start Date

Tenure

Tenure Rank

Apr 20, 2020

2.11

2.1%

Mr. Levi Stewart Zurbrugg MBA, CPA®, is a senior investment analyst and portfolio manager for Saturna Capital Corporation. Since April 2020, he has been a deputy portfolio manager for the Developing World Fund. From 2014 to 2017, Mr. Zurbrugg served as a sector analyst for Sustainability Accounting Standards Board.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.71 6.66 13.42