Long-term capital appreciation

AZZAD ETHICAL FUND

  • The Azzad Ethical Fund is an enhanced index fund that invests in mid-sized growth stocks. 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, adult entertainment, insurance, and weapons. We look at companies on a case-by-case basis and exclude some for human rights abuses or operating in an area of conflict. We also remove companies with high debt ratios.
  • 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 12/31/2019)*

Equity Lifestyle Properties 2.13%
KLA-Tencor Corporation 2.12%
TransUnion 2.03%
Booz Allen Hamilton Holding Corp 2.00%
Citrix Systems, Inc. 1.99%
Fastenal Co. 1.87%
Sun Communities, Inc. 1.82%
Dollar General 1.79%
Amphenol Corp. 1.77%
VeriSign, Inc. 1.69%

Sectors as a percentage of total portfolio* (as of 12/31/19)

 

 

*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)*

  • Basic materials
  • Consumer defensives
  • Consumer cyclicals
  • Healthcare
  • Industrials
  • Real estate
  • Technology

*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)*

ethical-fund-chart

*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.

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Fund Facts

Inception date: December 22, 2000
CUSIP: 055060206
Ticker symbol: ADJEX
Asset allocation: mid-cap growth
Minimum investment: $1,000
Retirement and college accounts: $500

Shareholder Services: 888-350-3369

2019 Distributions

Dividend 0
ST Cap Gain 0.06909
LT Cap Gain 0.870807

The Funds distribute capital gains, if any, annually. The Azzad Wise Capital Fund (WISEX) distributes dividends, if any, monthly, and the Azzad Ethical Fund (ADJEX) distributes dividends, if any, annually.

IMPORTANT INFORMATION

Before investing, carefully consider the Funds’ investment goals, risks, charges and expenses. For a prospectus or summary prospectus containing this and other information, call 888-862-9923 or download here. Read them carefully before investing. Investing carries risks, including possible loss of principal. The Azzad Funds are not FDIC insured, nor are they bank deposits or guaranteed by a bank or any other entity. Azzad Asset Management is the investment adviser to the Azzad Funds.

Please see our glossary for a definition of terms.