Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
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%
Expense Ratio 0.98%
Front Load N/A
Deferred Load N/A
Turnover 3.00%
Redemption Fee N/A
Standard (Taxable)
$100,000
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
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.
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
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% |
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
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% |
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% |
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% |
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% |
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 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% |
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 |
AMIDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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 | Category Low | Category High | AMIDX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.92% | 0.00% | 9.74% | 72.93% |
AMIDX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
AMIDX | Category Low | Category High | AMIDX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.65% | -1.98% | 17.62% | 52.11% |
AMIDX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Dec 21, 2023 | $0.130 | OrdinaryDividend |
Dec 21, 2023 | $0.004 | CapitalGainLongTerm |
Dec 15, 2022 | $0.139 | OrdinaryDividend |
Dec 16, 2021 | $0.208 | OrdinaryDividend |
Dec 19, 2019 | $0.058 | OrdinaryDividend |
Dec 27, 2018 | $0.055 | OrdinaryDividend |
Dec 29, 2017 | $0.029 | OrdinaryDividend |
Dec 30, 2016 | $0.067 | OrdinaryDividend |
Dec 31, 2015 | $0.068 | OrdinaryDividend |
Dec 31, 2014 | $0.041 | OrdinaryDividend |
Dec 31, 2013 | $0.041 | OrdinaryDividend |
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.
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.
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.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 33.71 | 6.66 | 13.42 |
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