Amana Participation Fund Institutional Shares (AMIPX)
| Fund Assets | 299.81M |
| Expense Ratio | 0.58% |
| Min. Investment | $100,000 |
| Turnover | 22.00% |
| Dividend (ttm) | 0.35 |
| Dividend Yield | 3.63% |
| Dividend Growth | 13.34% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 31, 2026 |
| Previous Close | 9.78 |
| YTD Return | -1.41% |
| 1-Year Return | 3.02% |
| 5-Year Return | 7.08% |
| 52-Week Low | 9.74 |
| 52-Week High | 10.01 |
| Beta (5Y) | 0.11 |
| Holdings | 45 |
| 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 3.02% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.37%.
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% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 31, 2026 | $0.02559 | Mar 31, 2026 |
| Feb 27, 2026 | $0.02366 | Feb 27, 2026 |
| Jan 30, 2026 | $0.02619 | Jan 30, 2026 |
| Dec 31, 2025 | $0.02616 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02486 | Nov 28, 2025 |
| Oct 31, 2025 | $0.02587 | Oct 31, 2025 |