About the Fund
OBJECTIVE/STRATEGY
Capital preservation and income. Our proprietary investment process embraces our ethical investing philosophy. The Fund does not engage in charging or paying of interest from lending, trading debt, money market instruments, future contracts and currency.
To help protect principal in volatile markets, the Fund manages a portion of the portfolio according to an absolute return strategy that is designed to offer the potential for positive returns regardless of market movements.
The Fund’s goal is to produce a return that is comparable to the return on bank accounts, certificates of deposits, and other such financial instruments (in which the Fund cannot invest) pursuant to the Fund’s ethical investment restrictions.
INVESTMENT PROCESS
PORTFOLIO
Largest Holdings (as of 3/31/2013)
Deposits & Notes
|
Kuveyt Turk Bank |
14% |
|
Turkiye Finans Bank |
13% |
|
Albaraka Turk Bank |
5% |
|
Asya Bank |
5% |
|
Kuwait Finance House |
1% |
Sukuks
|
Emirates Islamic Bank Sukuks |
8% |
|
Indonesian Sovereign Sukuks |
6% |
|
Malaysian Sovereign Sukuks |
5% |
|
Saudi Electric Sukuk |
5% |
|
Sime Darby Sukuk (Malaysia) |
3% |
Allocation
*The Fund’s Allocation is for illustrative purposes only and is subject to change. Sukuks are certificates that are linked to the return and cash flows of the financing to the assets purchased, or the returns generated from an asset purchased.
Credit Quality/Maturities
|
Credit Quality* |
% |
Maturity* |
% |
|
AAA |
3% |
Equal or less than 3 months |
3% |
|
AA |
3% |
Between
3 months-1 Yr |
43% |
|
A |
38% |
Between 1-2 Yrs |
3% |
|
BBB |
45% |
Between 2-5 Yrs |
25% |
|
Not Rated |
1% |
Between 5-10 Yrs |
20% |
|
Below Investment Grade |
10% |
Between 10-12 Yrs |
6% |
|
Total |
100% |
Total: |
100% |
*Fixed Income & Cash. Adjusted Weights.
IMPORTANT FUND DISCLOSURES
The Fund is non-diversified with a high concentration of securities in the financial sector which can expose the Fund to more volatility and/or market risk than diversified funds. The Fund may not achieve its objective and/or could lose money on your investment in the Fund. The Fund mainly invests in securities issued by foreign entities which expose the Fund to country specific risks such as market, economic, political, regulatory, geographical, and other risks. The Fund intends to invest in certain instruments that may be illiquid. As a result, if the Fund receives large amount of redemptions, the Fund may be forced to sell such illiquid investments at a significant loss to be able to meet such redemption requests. See the prospectus for more details about risks.
* Previously known as Wise Capital Fund.
Portfolio characteristics including holdings, sector allocation, and risk measurements are for illustrative purposes only and may change without prior notification. Portfolio characteristics are intended to provide a general view of the entire portfolio at a certain point in time. Characteristics are calculated using information obtained from various data sources.
The Bank of America Merrill Lynch US Corporate & Government Master Index tracks the performance of US dollar-denominated investment grade Government and Corporate public debt issued in the US Domestic bond market, excluding collateralized products.
The services and products described on this website are intended to be made available only to persons in the United States. This website should not be considered a solicitation or an offering of any of the Azzad Funds to investors residing outside the United States or where prohibited. AZZAD only transacts business in states where it is properly registered or notice filed, or excluded or exempted from registration requirements.
Azzad Asset Management is an independent investment advisory firm and adviser to the Azzad Funds. The Azzad Funds are described in a prospectus which contains more complete information about the Funds, including management fees and other charges and expenses. You should read the prospectus carefully before you invest or send money.