Long-term capital appreciation

AZZAD ETHICAL FUND

  • The Azzad Ethical Fund is a growth-oriented stock fund that invests primarily in mid-sized companies. It trades on the NASDAQ exchange under the ticker symbol ADJEX.
  • ADJEX is sub-advised by Ziegler Capital Management, a Chicago-based institutional money manager.
  • All potential investments are screened to exclude companies that profit from interest, alcohol, tobacco, gambling, pornography, weapons, prisons, war/international conflict, hydraulic fracturing, and other areas that cause societal or environmental harm. Companies with high debt ratios are also excluded.
  • The fund’s objective is long-term capital appreciation (growth), making it a sound investment to use in accounts for retirement, education, and other long-term goals.

OBJECTIVE/STRATEGY

The Azzad Ethical Fund pursues long-term capital appreciation by investing primarily in the common stocks of mid cap companies. Using quantitative and fundamental analysis, the portfolio manager seeks to identify fast growing companies with strong business models. These are companies with products or services in high demand, above average and sustainable earnings growth and selling at attractive valuations.

INVESTMENT PROCESS

We believe stock prices follow earnings growth, and that mid-cap companies can grow faster and more aggressively than large ones. Using quantitative and fundamental analysis, our investment process is designed to be disciplined, repeatable and focused on selecting companies with optimal risk/reward profiles.

Read more about our investment process.

PORTFOLIO: Largest Holdings (as of 09/30/2016)*

International Flavors & Fragrances Inc 2.75%
LKQ Corp 2.25%
AutoZone Inc 2.11%
Equifax Inc 2.05%
The Cooper Companies Inc 1.98%
Foot Locker Inc 1.91%
Microchip Technology Inc 1.84%
Alaska Air Group Inc 1.82%
Seattle Genetics Inc 1.80%
Dollar General Corp 1.80%

Sectors (all values in percentages)*

 

 

*Fund holdings and allocations are subject to change and are not a recommendation to buy or sell any security. Figures may not equal 100 due to rounding.

Sectors (all values in percentages)*

*Fund holdings and allocations are subject to change and are not a recommendation to buy or sell any security. Figures may not equal 100 due to rounding.

I Want To…

Fund Facts

Inception date: December 22, 2000
CUSIP: 055060206
Ticker symbol: ADJEX
Asset allocation: mid-cap growth
AUM as of 9/30/16: $65,051,119.93
Minimum investment: $1,000
Retirement and college accounts: $500

Shareholder Services: 888-350-3369

2016 Distributions

Azzad Ethical Fund (ADJEX) 2015 Distributions

Dividend 0
ST Cap Gain 0
LT Cap Gain 0.08
Total 0.08

PLEASE NOTE: On the day the distribution is declared, the amount of the distribution is deducted from fund assets and calculated as a per share amount to be passed through to shareholders. On this day, the fund’s share price will decline by the amount of the distribution (plus or minus any share price change related to market activity).

As a shareholder, you are entitled to your share of a Fund’s net income and capital gains on its investments. A Fund is required to pass through substantially all of its earnings along to its investors as distributions. When a Fund earns dividends from stocks and distributes these earnings to shareholders, it is called a dividend distribution. A Fund realizes capital gains when it sells securities for a higher price than it paid. When net long-term capital gains are distributed to shareholders, it is called a capital gain distribution. Net short-term capital gains are considered ordinary income and are included in dividend distributions.

IMPORTANT INFORMATION

Before investing, carefully consider the Fund’s investment goals, risks, charges and expenses. For a prospectus or summary prospectus containing this and other information, contact your financial advisor or download them from our literature center. Read them carefully before investing.

Investments carry risks, including possible loss of principal. Investments in small and mid-capitalization companies may increase the risk of greater price fluctuations. Investments in the Fund are not FDIC insured, nor are they bank deposits or guaranteed by a bank or any other entity.

The performance of any index is not indicative of the performance of any particular investment. Index returns reflect the reinvestment of income dividends and capital gains, if any, but do not reflect fees, brokerage commissions, or other expenses of investing. Investors may not make direct investments into any index.

There is no guarantee that the Fund will meet its investment objectives. Diversification does not assure or guarantee better performance and cannot eliminate the risk of investment losses.

Please see our glossary for a definition of terms.

Azzad Asset Management is the investment advisor to the Azzad Funds. The Azzad Funds are self-distributed.