Understanding Dow Jones Islamic Fund Structure and Performance

The Dow Jones Islamic Fund is designed to track the performance of stocks that meet certain Islamic finance standards.

This fund excludes companies involved in industries like tobacco, alcohol, and gambling, which are considered haram, or forbidden, in Islamic finance.

The fund's structure is based on the Dow Jones Islamic Market Index, which screens stocks for compliance with Islamic finance principles.

The index has a screening process that evaluates companies based on their financial statements and industry classification.

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The Dow Jones Islamic Fund has some key details worth noting. The fund's legal name is Wahed Dow Jones Islamic World ETF.

Here are some specific details about the fund:

The Iman Fund is offered by Allied Asset Advisers, a subsidiary of the North American Islamic Trust (NAIT). Allied Asset Advisers is the registered investment adviser and manager of the Fund.

The Fund invests at least 80% of its net assets in domestic and foreign securities included in the Dow Jones Islamic Indexes.

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Up to 20% of its net assets can be invested in securities chosen by the Fund's Investment Adviser that meet Islamic principles.

The fund consists solely of common stocks.

It includes shares of stocks from the Dow Jones Islamic Market US Index, which tracks American companies that meet Islamic principles.

A Shariah Supervisory Board of six prominent Islamic scholars from six countries advises the indexes.

The investment adviser is advised by a board of trustees of prominent Islamic scholars from the United States.

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The operating fees for this fund are 0.25% of the net asset value, deducted quarterly. This fee is used to cover the fund's administrative and operational costs.

The fund's management company, XYZ Investment Management, charges an additional 0.50% of the net asset value, deducted quarterly, for their services. This fee is used to cover the cost of managing the fund's portfolio.

The total operating fees for this fund come out to 0.75% of the net asset value, deducted quarterly. This fee is significantly lower than the industry average, making it an attractive option for investors.

Investors should note that these fees are subject to change and may vary depending on the fund's performance and other market conditions.

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The Dow Jones Islamic Fund's performance metrics are a key aspect of understanding its investment strategy. The fund's one-year return was 4.00%, while its performance since inception is a respectable 30.84%.

The fund's maximum loss over the past year was -5.59%, which is a significant risk to consider. However, its batting average over the past year was 25.00%, indicating a decent level of consistency.

Here are some of the fund's key performance metrics:

The fund's risk-adjusted return over the past three years was -3.95%, indicating that its returns have not kept pace with the market's volatility.

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The performance of a fund is a crucial aspect to consider when making investment decisions. One year returns before taxes for the period ending December 31, 2004 were 5.45 percent.

The current performance of the fund is 4.00 percent. This is a relatively stable performance, indicating that the fund has been able to maintain its value over time.

Let's take a look at the fund's performance over a longer period. Since inception, the fund has returned 30.84 percent. This is a significant return, indicating that the fund has been able to grow in value over time.

Here are some key performance metrics for the fund:

The fund's beta, which measures its volatility relative to the market, has been relatively stable over the past year and three years, at 0.74 and 0.81, respectively. This indicates that the fund has been able to maintain a consistent level of risk.

The fund's high and low returns over the past year have been 11.89 and 10.23 percent, respectively. The maximum loss over the past year has been -5.59 percent.

Capital Gain Distribution Analysis is a crucial aspect of investment performance. UMMA, for instance, distributes capital gains annually.

Let's take a closer look at the distribution frequency. The data shows that UMMA, Category Low, and Category High all distribute capital gains annually.

Here's a breakdown of the distribution frequency:

This consistency in distribution frequency can be beneficial for investors who rely on predictable returns.

The Dow Jones Islamic Fund has a strong track record when it comes to returns. It has consistently outperformed the broader market.

One key factor contributing to its success is its focus on Shariah-compliant investments, which excludes companies that engage in interest-based activities. This approach allows the fund to tap into the growing demand for Islamic finance.

The fund's returns are also influenced by its diversified portfolio, which includes a mix of stocks from various industries. This diversification helps to minimize risk and maximize returns.

The fund's yield is also noteworthy, with a history of providing a steady stream of income to investors.

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The Total Return Ranking - Trailing Returns section provides a snapshot of a fund's performance over different time periods. This section is crucial in understanding how a fund has fared in comparison to its peers.

The YTD (Year to Date) return of 8.4% is a strong start to the year, but it's essential to note that this is not a reliable indicator of future performance.

The 1 Yr return of 10.0% is a significant improvement over the previous year, but it's worth mentioning that this return is not adjusted for inflation.

One of the most interesting things to note is the wide range of returns within the same category. For example, the Category Return Low is -31.2% over 1 Yr, while the Category Return High is 121.5%.

Here's a summary of the trailing returns:

The 3 Yr return of 5.1% is a relatively stable performance, but it's essential to note that this return is not available for the 5 Yr and 10 Yr periods.

Dividend Yield Analysis is a crucial aspect of evaluating investment returns. UMMA's Dividend Yield is 0.07%.

The category average for Dividend Yield is quite broad, ranging from 0.00% to 13.65%. This means UMMA's Dividend Yield is relatively low compared to its peers.

To put this into perspective, UMMA's Dividend Yield is 52.03% lower than the highest value in its category.

The Net Income Ratio is not applicable for UMMA, but the category average is a range of -0.93% to 6.38%.

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