Amana Growth Fund Stock Overview and Analysis

The Amana Growth Fund is a type of mutual fund that focuses on growth stocks.

The fund is managed by Amana Mutual Funds, a company that has been around since 1982 and has a strong track record of success.

Amana Growth Fund's main goal is to provide long-term growth by investing in a diversified portfolio of growth stocks.

The fund's investment strategy is based on the principles of socially responsible investing, which means it avoids investing in companies that engage in activities that harm people or the environment.

The Amana Growth Fund is a solid investment option. It was launched on September 25, 2013.

The fund is part of the Amana family, which is known for its conservative approach to investing. The fund's legal name is Amana Growth Fund.

Here are the key details about the fund:

The Amana Growth Fund stock has shown impressive performance over the years. With a 5-year annualized return of 14.3%, it's clear that this fund is a strong contender in the market.

The fund's ability to generate consistent returns is due in part to its focus on growth stocks, which have historically outperformed other asset classes.

Investors who have held onto their shares for the long term have seen significant gains, with a 10-year annualized return of 12.1%.

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Looking at the Net Income Ratio of AMIGX, we can see it's at 0.43%. This is a relatively low percentage compared to other companies in the same category.

The category low for Net Income Ratio is -6.13%, while the category high is 3.48%. This gives us a sense of the range of performance in this metric.

To put AMIGX's performance in perspective, its Net Income Ratio ranks 8th out of 45 companies in its category.

The Amana Growth Investor fund is an actively managed U.S. Equity Large Growth fund that seeks long-term capital growth consistent with Islamic principles. It was launched in 1994 and invests at least 80% of its total net assets in common stocks.

The fund has a diverse portfolio of 34 securities, with the top 10 holdings constituting 47.8% of its assets. It has a relatively low bond allocation, with 0.0% invested in domestic bonds, foreign bonds, and convertible bonds. The fund also has a cash allocation of 4.7%.

Here are some key statistics about the fund's portfolio composition:

The fund's management team has an average tenure of 7.89 years, with three members: Scott Klimo, Salam Monem, and Paul Christopher. The team has been in place since 2012, 2018, and 2020, respectively.

The Morningstar analysis of AMAGX gives us a clear picture of the fund's performance. The fund has returned 0.9% in the last month, which is 2.5 percentage points worse than the Large Growth category.

To understand the fund's performance over a longer period, we need to look at its returns over the past year, three years, five years, and ten years. The fund has returned 13.1% over the past year, 8.7% over the past three years, 15.7% per year over the past five years, and 14.9% per year over the past ten years.

These returns are graded by Morningstar, with an F grade indicating that the fund has performed worse than 80% of its peers. The fund's grade over the past year, three years, five years, and ten years are all F, except for the five-year grade which is C.

Here's a summary of the fund's returns and grades over different time periods:

The fund's expense ratio is also worth noting. The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses. The Amana Growth Investor expense ratio is 0.87%, which is 12% lower than its category average, making the fund expense ratio grade a C.

It's worth noting that high portfolio turnover can translate to higher expenses and lower after-tax returns. Amana Growth Investor has a portfolio turnover rate of 10%, which is lower than the average portfolio turnover of 45% for the Large Growth category.

Overall, the Morningstar analysis of AMAGX provides a detailed picture of the fund's performance and expenses.

Concentration Analysis is a crucial aspect of investment analysis. It helps us understand how concentrated an investment portfolio is.

The AMIGX fund has a relatively high concentration of assets, with a net asset value of $5.48 billion. This is a significant amount, and it's essential to consider how this concentration affects the overall portfolio.

A key metric to look at is the number of holdings. The AMIGX fund has 34 holdings, which is a relatively low number compared to the category high of 3061 holdings. This suggests that the fund is quite concentrated in its investments.

Here's a summary of the concentration metrics for the AMIGX fund:

The AMIGX fund's concentration is also evident in its weighting of top 10 holdings, which accounts for 46.29% of its net assets. This is a significant concentration, and it's essential to consider how this affects the overall portfolio risk.

The Amana Growth Investor fund is an actively managed U.S. Equity Large Growth fund that has been around since 1994.

It's designed to seek long-term capital growth, all while staying true to Islamic principles. The fund invests at least 80% of its total net assets in common stocks, including foreign stocks.

Amana Growth Investor diversifies its investments across various industries and companies, primarily following a large-cap value investment style. This approach aims to minimize risk and maximize returns over the long term.

The fund has a team of experienced managers, with an average tenure of 7.9 years. This level of stability is reassuring for investors who want to know their fund is in good hands.

Here are the key managers behind the fund:

The longest-tenured manager has been with the fund for an impressive 12.4 years, providing continuity and expertise that's hard to find in a rapidly changing market.

The Amana Growth Investor fund employs a large-cap value investment style, focusing on long-term capital growth while adhering to Islamic principles.

The fund diversifies its investments across various industries and companies, aiming to minimize risk.

A key aspect of the fund's strategy is its investment in common stocks, including foreign stocks, which makes up at least 80% of its total net assets.

The fund's investment decisions are guided by Islamic principles, which means it avoids certain industries and investments that are not compliant with these principles.

The fund's management team, comprising three managers, has an average tenure of 7.9 years, with the longest tenure being 12.4 years.

The Amana Growth Fund stock portfolio is made up of some of the biggest names in tech and healthcare.

Apple is the largest holding in the fund, making up 7.94% of the portfolio.

Eli Lilly and Novo Nordisk ADS are also significant holdings, taking up 5.74% and 4.90% of the portfolio respectively.

Here's a breakdown of the top 10 holdings in the fund:

Our portfolio is comprised of a diverse range of holdings, each contributing significantly to its overall performance.

The top 10 holdings account for a substantial portion of the portfolio's value.

Apple is the largest holding, making up 7.94% of the portfolio.

Eli Lilly and Novo Nordisk ADS are the second and third largest holdings, respectively, with 5.74% and 4.90% of the portfolio.

The top 10 holdings include a mix of technology, healthcare, and finance companies.

Here are the top 10 holdings in our portfolio, ranked by percentage:

The amount of assets under management can have a significant impact on your investments. The Amana Growth Investor fund has $2 billion in total assets, which is above the $2 billion average for the Large Growth category.

Having a large amount of assets can be beneficial as it allows the fund to grow and invest more. However, it can also make it difficult for the manager to fully employ the desired active strategy, especially in categories like small-cap investing.

A higher asset base can also lead to higher average expense ratios. In the case of the Amana Growth Investor fund, this is not a concern as its expense ratio is not mentioned in the provided information.

The fund's ability to distribute its dividend income annually and its capital gains semi-annually is a positive aspect of its management. This regular distribution can help investors receive a steady income from their investments.

It's essential to consider the relationship between risk and return, as well as the impact of costs and taxes on your realized returns.

The Amana Growth Fund has a total expense ratio of 0.8551%. This includes various fees that eat into your investment returns.

The total expense ratio breaks down into several components, including advisor fee expense, which accounts for 0.5824% of the total.

Distribution fee expense is another significant component, making up 0.2508% of the total expense ratio.

Other fee expenses, such as custodian fee expense, auditor fee expense, and board of directors fee expense, also contribute to the total expense ratio.

Here's a breakdown of the fees:

Note that the total expense ratio is 0.8551%, which means that 85.51 cents of every dollar invested goes towards paying fees.

It's worth noting that high annual expense ratios can reduce your rate of return, making it difficult to overcome excessive fees.

The Amana Growth Fund stock offers a range of distributions that make it a compelling investment option.

The fund's total return has been impressive over the years, with a 5-year annualized total return of 14.9% and a 3-year annualized total return of 11.6%.

A key aspect of the fund's distribution strategy is its capital gain distribution frequency, which is done annually.

The fund's dividend yield is a notable 3.9%, making it an attractive option for income investors.

Here's a summary of the fund's distribution details:

The fund's dividend distribution frequency is also annual, providing stability and predictability for investors.