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Morningstar

Azzad Wise Capital WISEX

Morningstar Medalist Rating
Medalist Rating as of | See Azzad Investment Hub
  • NAV / 1-Day Return 10.64  /  −0.09 %
  • Total Assets 257.0 Mil
  • Adj. Expense Ratio
    0.890%
  • Expense Ratio 0.890%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 4,000
  • Status Open
  • TTM Yield 2.89%
  • Effective Duration —

USD | NAV as of Apr 24, 2024 | 1-Day Return as of Apr 24, 2024, 10:23 PM GMT+0

Morningstar’s Analysis WISEX

Will WISEX outperform in 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 WISEX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the WISEX 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 WISEX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in Azzad Wise Capital's People Pillar is partially offset by an Average Process Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings WISEX

More WISEX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 18.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash & Cash Equivalents

3.51 9.0 Mil
Cash and Equivalents

EQUATE SUKUK SPC LTD. REGS, 3.944%, 02/21/2024

3.05 7.8 Mil
Cash and Equivalents

QIB SUKUK, LTD., UNSECD. NOTE, SERIES EMTN, 3.982%, 03/26/2024

2.77 7.1 Mil
Cash and Equivalents

ESIC SUKUK LTD., 3.939%, 07/30/2024

2.77 7.1 Mil
Corporate

SA Global Sukuk Ltd. 0.946%

2.49 6.4 Mil
Government

Aldar Investment Properties LLC 4.75%

2.34 6.0 Mil
Corporate

IDB Trust Services Ltd 1.957%

2.33 5.9 Mil
Government

EMG Sukuk Ltd. 4.564%

2.22 5.7 Mil
Corporate

Axiata SPV2 Berhad 4.357%

2.17 5.5 Mil
Corporate

DIB Sukuk Co Ltd 2.95%

2.10 5.3 Mil
Corporate