About AMIDX
The Amana Mutual Funds Trust Developing World Fund Institutional is an open-end mutual fund specifically designed to provide long-term capital growth by investing primarily in equities of companies with significant operations or assets in developing economies. The fund typically allocates at least 80% of its net assets to common stocks of firms that derive at least half of their revenues or hold at least half of their production assets in emerging markets, with a focus on Asia and Latin America. Notably, investment decisions adhere to Islamic principles, shaping the fund’s selection process and overall portfolio composition.
This institutional share class is tailored for large investors, requiring a minimum initial investment of $100,000 and charging a competitive expense ratio. The fund adopts a diversified approach, currently holding positions across more than 40 equities, with sector allocations spanning technology, consumer defensive, healthcare, basic materials, and communications. It is particularly distinguished by its emphasis on large-cap growth companies and maintains one of the lower portfolio turnover rates in its category. As part of the Diversified Emerging Markets category, it plays a significant role for institutions seeking exposure to the growth potential of developing world markets while maintaining alignment with faith-based investment criteria.
Fund Family Amana
Category Diversified Emerging Mkts
Performance Rating Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol AMIDX
Share Class Institutional Shares
Index MSCI EM (Emerging Markets) NR USD
AMIDX had a total return of 20.06% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.13%.
