Morningstar

Amana Participation Fund Institutional Shares AMIPX

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  • NAV / 1-Day Return$9.59  /  −0.10%
  • Fund Size$325.1M
  • Adjusted Expense Ratio0.570%
  • Net Expense Ratio0.550%
  • Fee Level: DistributionBelow Average
  • Share Class TypeInstitutional
  • Morningstar CategoryGlobal Bond
  • Fixed-Income Style Box (Funds)—
  • Minimum Initial Investment$100,000
  • Investment StatusOpen
  • TTM Yield4.04%
  • Average Effective Duration3.67 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis AMIPX

Will AMIPX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable AMIPX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the AMIPX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of AMIPX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A plain-vanilla approach to an unusual asset class.

Analyst Saraja Samant

Saraja Samant

Analyst

Summary

For investors seeking Shariah-compliant fixed-income exposure, this strategy offers a prudent investment approach managed by an experienced team. Those with the flexibility to own conventional bonds, however, may prefer to avoid the high concentration risk inherent in this fund’s investment universe.

by Saraja Samant
Rated on Published on

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Portfolio Holdings AMIPX

More AMIPX Holdings
  • Current Portfolio Date
  • Equity Holdings—
  • Bond Holdings—
  • Other Holdings—
  • % Assets in Top 10 Holdings28.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash At Bank

5.3213M
Cash and Equivalents

Equate Sukuk 5%

3.308M
Corporate

EDO Sukuk Ltd. 5.662%

3.007M
Corporate

National Central Cooling Company PJSC (Tabreed) 5.279%

2.987M
Corporate

AerCap Sukuk Ltd. 4.5%

2.937M
Corporate

Almarai Sukuk 5.233%

2.887M
Corporate

Dar Al-Arkan Sukuk 8%

2.827M
Corporate

Dp World Crescent 5.5%

2.697M
Corporate

Aldar Invst Propty 3.875%

2.677M
Corporate

Sa Global Sukuk 2.694%

2.637M
Corporate

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