Azzad Funds Performance
Find performance data for the Azzad Mutual Funds including daily price (net asset value), quarterly performance, and the growth of a hypothetical $10,000 invested in each fund at its inception.
Daily Price (NAV)
|Azzad Ethical Fund||ADJEX||$13.78||$0.18|
|Azzad Wise Capital Fund||WISEX||$10.48||$0.01|
ADJEX Quarterly Performance
|As of 12/31/2017||TOTAL RETURNS||AVERAGE ANNUALIZED RETURNS|
|Azzad Ethical Fund||6.12%||23.19%||23.19%||11.52%||7.42%|
|Russell MidCap® Growth Index||6.81%||25.27%||25.27%||15.32%||9.11%|
|Morningstar Mid-Cap Growth Category®||6.05%||24.48%||24.48%||13.41%||7.16%|
WISEX Quarterly Performance
|As of 9/30/2017||TOTAL RETURNS||AVERAGE ANNUALIZED RETURNS|
|Quarter||YTD||1 Year||3 Year||5 Year||Since Inception*|
|Azzad Wise Capital Fund||0.69%||2.66%||2.66%||1.30%||1.72%||1.93%|
|BofAML® US Corp & Govt 1-3 Yr Index||-0.18%||0.86%||0.86%||0.93%||0.86%||1.19%|
|Morningstar® Short Term Bond Category||-0.03%||1.66%||1.66%||1.31%||1.08%||1.70%|
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ADJEX Quick Facts
Inception date: December 22, 2000
Ticker symbol: ADJEX
Asset allocation: Mid-cap growth
Benchmark: Russell MidCap® Growth Index
Minimum initial investment: $1,000
Retirement & college accounts: $500
Additional minimum investments: $50
Shareholder services: 888-350-3369
WISEX Quick Facts
Inception date: April 6, 2010
Ticker symbol: WISEX
Asset allocation: Fixed income
Benchmark: BofAML US Corp & Gov’t 1-3 Year
Minimum initial investment: $4,000
Retirement & college accounts: $4,000
Minimum additional investment: $300
Shareholder services: 888-350-3369
Growth of $10,000
Compare the growth of a hypothetical $10,000 investment in the Azzad Ethical Fund (ADJEX) versus its benchmark and category. ADJEX was launched 12/22/2000.
Compare the growth of a hypothetical $10,000 investment in the Azzad Wise Capital Fund (WISEX) versus its benchmark and category. WISEX was launched 4/6/2010.
The performance data quoted represents past performance, which is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and principal value of an investment in the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. To obtain recent month end performance, call 888-350-3369.
Azzad Asset Management (the “Adviser”) has contractually agreed to limit the total operating expenses of the Azzad Ethical Fund to 0.99% through 12/1/2018 and Azzad Wise Capital Fund to 1.29% through 12/01/2018, excluding indirect expenses. The gross expense ratio for the previous fiscal year ending 6/30/2016 was 1.16% for Azzad Ethical Fund and 1.42% for Azzad Wise Capital Fund. Absent this arrangement, the performance shown would have been lower. For more detailed information on fund expenses, please see the fund’s prospectus.
The above hypothetical charts do not imply any future performance. They illustrate the performance of a hypothetical $10,000 investment made in each Fund since inception and assume reinvestment of dividends and capital gains. They do not reflect the effect of any redemption fees, which would lower these figures. The initial investment used in the above charts may be higher or lower than the initial minimum amount required to invest in each fund. The performance of an index is not an exact representation of any particular investment, as you cannot invest directly in an index. Past performance cannot be used to predict future returns. Before making an investment decision, it’s important to check the fund’s prospectus for factors such as investment objectives, costs and expenses, liquidity, fluctuation of principal or return, and tax features.
The Morningstar MidCap Growth category measures the performance of mid-cap funds seeking capital appreciation by investing in mid-sized domestic stocks that are growth-oriented. The US mid-cap range represents the 20% of the US equity market that falls between small caps (the bottom 10% of capitalization) and large caps (the top 70% of capitalization). Growth is defined based on high price/book and price/cash-flow ratios. The Category returns are provided as supplemental information. The Russell MidCap© Growth Index measures the performance of the mid cap growth segment of the U.S. equity universe. It includes those Russell MidCap® Index companies with higher price to book ratios and higher forecasted growth values. Russell Investment Group is the source and owner of the Russell Index data contained or reflected in this material and all trademarks and copyrights related thereto. Russell Investment Group is not responsible for the formatting or configuration of this material or for any inaccuracy in Azzad Asset Management’s presentation thereof.
The Morningstar Short-Term Bond Category measures the performance of bond funds investing primarily in corporate and other investment-grade U.S. fixed-income issues and typically have durations of 1.0 to 3.5 years. These portfolios are less sensitive to interest rates than portfolios with longer durations. The Category returns are provided as supplemental information. The Bank of America Merrill Lynch US Corporate and Government 1-3 Year 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.