Fund Assets | 282.68M |
Expense Ratio | 0.58% |
Min. Investment | $100,000 |
Turnover | 17.00% |
Dividend (ttm) | 0.37 |
Dividend Yield | 3.68% |
Dividend Growth | 14.13% |
Payout Frequency | Monthly |
Ex-Dividend Date | Aug 29, 2025 |
Previous Close | 9.94 |
YTD Return | 4.84% |
1-Year Return | 4.12% |
5-Year Return | 9.18% |
52-Week Low | 9.43 |
52-Week High | 9.94 |
Beta (5Y) | 0.09 |
Holdings | 47 |
Inception Date | Sep 28, 2015 |
About AMIPX
Amana Participation Fund Institutional Shares is an actively managed mutual fund focused on capital preservation and current income within an Islamic finance framework. It primarily invests in short- and intermediate‑term income‑producing securities that comply with Sharia principles, emphasizing sukuk and other Islamic participation certificates rather than conventional interest‑bearing bonds. The strategy targets a lower‑volatility profile than equities while maintaining prudent interest‑rate exposure, reflected by a modest effective duration profile. The portfolio is diversified across sectors influenced by sukuk issuance, including financials, government, real estate, utilities, communications, and energy, and is managed by a dedicated team experienced in halal fixed‑income markets. As part of the Amana family, the fund offers institutional investors a distinct avenue to access global Islamic fixed‑income markets, aligning with faith‑based guidelines without sacrificing modern portfolio construction standards. It plays a niche yet important role in the market by providing U.S. investors with a non‑equity, halal income solution that aims to balance income generation with capital stability.
Performance
AMIPX had a total return of 4.12% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.99%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
Symbol | Share Class | Expense Ratio |
---|---|---|
AMAPX | Investor Shares | 0.83% |
Top 10 Holdings
38.05% of assetsName | Symbol | Weight |
---|---|---|
Cash At Bank | n/a | 5.11% |
EDO Sukuk Ltd. 5.662% | ENEDEV.5.662 07.03.31 144A | 4.44% |
Equate Sukuk Spc Ltd | n/a | 4.31% |
AerCap Sukuk Ltd. 4.5% | AERCAP.4.5 10.03.29 REGS | 3.97% |
SA Global Sukuk Ltd. 2.694% | ARAMCO.2.694 06.17.31 144A | 3.66% |
Almarai Sukuk Ltd 5.233% | ALMARA.5.233 07.25.33 | 3.61% |
Dar Al-Arkan Sukuk Company Ltd. 8% | DARALA.8 02.25.29 EMTN | 3.45% |
Maf Sukuk 4.638% | MAFUAE.4.638 05.14.29 | 3.17% |
Emaar Sukuk Limited 3.7% | EMAAR.3.7 07.06.31 EMTN | 3.17% |
DAE Sukuk (DIFC) Ltd. 3.75% | DUBAEE.3.75 02.15.26 144A | 3.16% |
Dividend History
Ex-Dividend | Amount | Pay Date |
---|---|---|
Aug 29, 2025 | $0.02573 | Aug 29, 2025 |
Jul 31, 2025 | $0.02584 | Jul 31, 2025 |
Jun 30, 2025 | $0.0246 | Jun 30, 2025 |
May 30, 2025 | $0.10316 | May 30, 2025 |
Apr 30, 2025 | $0.02374 | Apr 30, 2025 |
Mar 31, 2025 | $0.02381 | Mar 31, 2025 |