About AMAGX
Amana Growth Fund Investor is a mutual fund that focuses on achieving long-term capital growth while adhering to Islamic investment principles. The fund typically allocates at least 80% of its assets to common stocks, including select international equities, ensuring investments comply with Shariah guidelines. It avoids companies involved in activities such as alcohol, gambling, and conventional financial services, and maintains a unique ethical stance by not investing in fossil fuels, military weapons, or other industries considered non-compliant with its principles. The portfolio is heavily weighted towards large-cap growth stocks, with significant holdings in leading technology and healthcare companies such as Apple, Microsoft, NVIDIA, and Eli Lilly. Amana Growth Fund Investor serves investors seeking exposure to growth-oriented equities within a socially responsible and faith-based investment framework. Its disciplined, low-turnover approach and focus on sectors like technology and healthcare position it as a notable player within the sustainable and ethical investing segment of the market.
Fund Family Amana
Category Multi-Cap Growth
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol AMAGX
Share Class Investor Shares
Index S&P 500 TR
AMAGX had a total return of 17.53% in the past year, including dividends. Since the fund's
inception, the average annual return has been 12.29%.
