Amana Participation Fund Institutional Shares (AMIPX)
| Fund Assets | 322.38M |
| Expense Ratio | 0.59% |
| Min. Investment | $100,000 |
| Turnover | 22.00% |
| Dividend (ttm) | 0.38 |
| Dividend Yield | 3.92% |
| Dividend Growth | 5.98% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 9.79 |
| YTD Return | 0.41% |
| 1-Year Return | 3.64% |
| 5-Year Return | 7.92% |
| 52-Week Low | 9.75 |
| 52-Week High | 10.01 |
| Beta (5Y) | 0.10 |
| Holdings | 66 |
| 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 3.64% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.48%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| AMAPX | Investor Shares | 0.82% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.02576 | Jun 30, 2026 |
| May 29, 2026 | $0.10319 | May 29, 2026 |
| Apr 30, 2026 | $0.02579 | Apr 30, 2026 |
| Mar 31, 2026 | $0.02559 | Mar 31, 2026 |
| Feb 27, 2026 | $0.02366 | Feb 27, 2026 |
| Jan 30, 2026 | $0.02619 | Jan 30, 2026 |