Azzad Wise Capital Fund wins 2014 Lipper Fund Award

6/2/2014 3:08:53 PM

Azzad Wise Capital Fund wins 2014 Lipper Fund Award

Halal fixed-income fund top performer in Global Bond (Sukuk) category

 

FALLS CHURCH, Va., June 2, 2014 /PRNewswire/ -- The Azzad Wise Capital Fund (NASDAQ: WISEX), America's first Halal, socially responsible fixed-income mutual fund, has won the 2014 Lipper Fund Award in the Global Bond (Sukuk) category for the one-year period ending 12/31/13. The Fund’s investment advisor, Azzad Asset Management, made the announcement at their offices in Falls Church, Virginia.

In a statement, Azzad said:

First, we would like to thank Lipper for this important recognition. Next, we accept this award on behalf of the Fund’s shareholders—those who have not wavered in their commitment to the Azzad mission. As part of that mission to help investors grow their wealth in accordance with their values, the Azzad team will continue to seek out opportunities that reward principled investing. We remain committed to generating returns while managing risks for Azzad Wise Capital Fund shareholders.

Over its history, the Azzad Wise Capital Fund has proven to be an important diversification and income-generating tool for investors in search of alternative investments and emerging market yield. It is the first and only Halal, socially responsible fixed-income investment option for those who observe the Islamic prohibition on the giving and taking of usury, or interest. Although it does not invest in securities that deal with debt instruments created from interest-based lending, the Azzad Wise Capital Fund invests in securities that seek to share in the gains from its ventures, which include Sukuk and Islamic bank deposits.

The Azzad Wise Capital Fund celebrated its four-year anniversary in April. Azzad Asset Management launched its first Halal mutual fund, the Azzad Ethical Fund (NASDAQ: ADJEX) on December 22, 2000.
 

About the 2014 Lipper Fund Awards: The Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global family of awards that celebrate exceptional performance throughout the professional investment community. The Thomson Reuters Awards for Excellence recognize the world's top funds, fund management firms, sell-side firms, research analysts, and investor relations teams. The Thomson Reuters Awards for excellence also include the Extel Survey Awards, the StarMine Analyst Awards, and the StarMine Broker Rankings. For more information, please contact markets.awards@thomsonreuters.com or visit excellence.thomsonreuters.com. The 2014 Lipper Fund Award winners are selected based on the highest risk-adjusted performance among funds within a given category for the 1-, 2-, 3-, 5-, and 10-year periods ending 12/31/13. The Azzad Wise Capital Fund is the winner of the Lipper Global Islamic Fund Award for the 1-year period in the Bond Global (Sukuk) category. A high Lipper rating does not necessarily imply that the fund had the best total performance or that the fund achieved positive results for the period. Past performance is no guarantee of future results. For current to most recent month-end performance on the Azzad Wise Capital Fund, please visit our website: www.azzadfunds.com.

About Azzad: Azzad Asset Management, investment advisor to the Azzad Funds and sponsor of the Azzad Ethical Wrap Program, is committed to providing investment services designed to help people enjoy optimum performance without compromising their values. Azzad is a member of the Forum for Sustainable and Responsible Investment and the Accounting and Auditing Organization for Islamic Financial Institutions. The firm, based outside Washington, DC, is a registered investment advisor with the U.S. Securities and Exchange Commission.

Please consider a Fund's objectives, risks, charges and expenses carefully before you invest. Fixed income investments entail interest rate risk, the risk of issuer default, issuer credit risk, and price volatility risk. Funds investing in bonds can lose their value as interest rates rise and an investor can lose principal. The prospectus contains this and other important information. For a hard copy, please call 1-888-350-3369. Read the prospectus carefully before investing or sending money. The Azzad Funds are self-distributed. Azzad Asset Management serves as investment advisor.

 

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Contact: Investment Communications Director, Joshua Brockwell, 703-207-7005, ext. 109, joshua@azzad.net; Chief Compliance Officer, Manal Fouz, 703-207-7005, ext. 115, manal@azzad.net.

Opinions expressed are those of the author or fund manager, are subject to change, are not guaranteed and should not be considered recommendations to buy or sell any security and should not be considered investment advice.

Fund holdings and sector allocations are subject to change and are not a recommendation to buy or sell any security. Click here for Azzad Ethical Fund current top 10 holdings. Click here for the Azzad Wise Capital Fund current top 10 holdings.

Past performance does not guarantee future results.

The Azzad Ethical Fund is non-diversified and may invest a larger percentage of its assets in fewer companies exposing it 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. Stock markets and investments in individual stocks can decline significantly in response to issuer, market, economic, political, regulatory, geographical, and other conditions. Investments in mid-cap companies can be more volatile than investments in larger companies. Investments in growth companies can be more sensitive to the company’s earnings and more volatile than the stock market in general. Because the portfolio may invest substantial amount of its asset in issuers located in a single country or in a limited number of countries, it may be more volatile that a portfolio that is more geographically diversified. See the prospectus for more details about risks.

Investments in smaller and medium sized companies involve additional risks such as limited liquidity and greater volatility. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in lower rated and non-rated securities present a great risk of loss to principal and interest than higher rated securities.

The Azzad Wise Capital 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 issues 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.