Azzad Welcomes Greiner as Lead Portfolio Manager for Azzad Ethical Fund

6/5/2013 12:00:00 PM

Azzad Welcomes Greiner as Lead Portfolio Manager for Azzad Ethical Fund
Assisted by expanded equity research team, long-time team member replaces retiring Pappo

(Falls Church, Virginia, 6/5/13) Azzad Asset Management, advisor to the Azzad Funds and sponsor of the Ethical Wrap Program, announced that Christian Greiner has assumed day-to-day portfolio manager duties for the Azzad Ethical Fund (NASDAQ: ADJEX).

Greiner’s promotion to lead portfolio manager comes after former manager Joseph Pappo retired from the Fund’s sub-advisory firm, Ziegler Lotsoff Capital Management (ZLCM), in May. Greiner, who has been with ZLCM since 2003, has a long history with the Fund, providing fundamental research for the portfolio management team and participating in the stock selection decision making process. He has also worked on the quantitative side, contributing to stock scoring model research.

Previously, Greiner held positions with Checkfree Investment Services and Northern Trust. At ZLCM, he developed a proprietary system aggregating investment community sentiment for individual stocks, worked on quantitative tax-effective investment strategies, and managed long-short equity and other specialized equity products. Greiner holds a B.S. in Finance from DePaul University and an M.B.A from the University of Chicago. He has earned the Chartered Financial Analyst (CFA®) designation and is a member of the CFA® Society of Chicago.

Greiner will be assisted on the portfolio by Donald Reid, Ph.D., in addition to a new research team made up of Jeffrey Holmes, CFA®, David Drzadinski, CPA and CFA®, and Zachary Newcomer, CFA®. The latter three investment professionals are new additions to the strategy and offer a broad range of research experience and expertise.

Azzad Asset Management, advisor to the Azzad Funds and sponsor of the Ethical Wrap Program, has been committed since 1997 to providing investment services designed to help clients enjoy optimum performance without compromising their values. The firm, based outside Washington, DC, is a registered investment advisor with the SEC.

Please consider a Fund’s objectives, risks, charges and expenses carefully before you invest. 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 the investment advisor.

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.