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Morningstar

Azzad Wise Capital WISEX

Morningstar Medalist Rating
Medalist Rating as of | See Azzad Investment Hub
  • NAV / 1-Day Return 10.45  /  0.03 %
  • Total Assets 235.2 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 2.25%
  • Effective Duration —

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 10:20 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.

A sound investment process and strong management team underpin Azzad Wise Capital's Morningstar Medalist Rating of Bronze.

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 41
  • Bond Holdings 73
  • Other Holdings 44
  • % Assets in Top 10 Holdings 19.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash & Cash Equivalents

3.95
9,154,957
Cash and Equivalents

AHB Sukuk Company Ltd. 4.375%

3.56
8,261,322
Cash and Equivalents

EQUATE SUKUK SPC LTD., 3.944%, 2/21/2024

3.32
7,698,298
Corporate

ESIC SUKUK LTD. SR. UNSECURED NOTE, SERIES EMTN, 3.939%, 7/30/2024

3.03
7,037,107
Corporate

QIB SUKUK LTD SR. UNSECD NOTE SERIES EMTN, 3.982%, 3/26/2024

3.03
7,018,208
Corporate

SA Global Sukuk Ltd. 0.946%

2.67
6,185,075
Government

Aldar Investment Properties LLC 4.75%

2.57
5,952,288
Corporate

EMG Sukuk Ltd. 4.564

2.42
5,610,225
Corporate

Tabreed Sukuk SPC Ltd. 5.5%

2.04
4,724,251
Corporate

Axiata SPV2 Berhad 4.357%

1.92
4,453,927
Corporate