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15 important things you should know about Azzad Fund ADJEX mutual fund
- No Bull case arguments for now!
- Low net assets
- 3-year return below the benchmark
- 5-year return below the benchmark
- 10-year return below the benchmark
- 15-year return below the benchmark
- High expense ratio
- Sales load and/or distribution fees
Before we start: if you’re looking for ADJEX “stock” price, you can quickly find it out by visiting Finny and typing "ADJEX quote". If you’re looking for a quick scoop on ADJEX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "ADJEX". You’ll get all this info in one place.
Are you looking to buy or sell ADJEX? Or perhaps you’re looking for ADJEX fact sheet, and learn about its alternatives? If so, you came to the right place.
In this ADJEX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.
Here is what you’ll be able to find in this review:
- Fact Sheet: ADJEX performance, returns, expense ratio, holdings and dividend yield;
- Analysis: ADJEX buy or sell; the pros and cons of investing in ADJEX mutual fund;
- Alternatives: other ETFs and mutual funds you should consider as alternatives to ADJEX.
And here is the list of questions we’ll answer:
- Describe Azzad Funds: Azzad Ethical Fund (ADJEX).
- What are ADJEX holdings?
- What is ADJEX performance? What are ADJEX historical returns?
- How many up and down years did ADJEX have historically?
- What is ADJEX dividend yield?
- What is ADJEX minimum initial investment amount?
- What is ADJEX expense ratio?
- Does ADJEX have any sales loads or 12b-1 distribution expenses?
- What is ADJEX tax efficiency (tax-cost ratio)?
- What is ADJEX beta? How would you assess ADJEX risk?
- What is ADJEX Sharpe ratio?
- What is ADJEX Finny Score? ADJEX buy or sell?
- What are the pros of investing in ADJEX? What are ADJEX buy reasons?
- What are the cons of investing in ADJEX? What are ADJEX sell reasons?
So let’s start. Scroll down to the question that interests you the most.
Fact Sheet
1. Describe Azzad Funds: Azzad Ethical Fund (ADJEX).
The Fund seeks to provide its shareholders with long-term total returns that, after expenses, match or exceed the annualized performance of the Standard & Poor's Midcap 400 Index.
2. What are ADJEX top holdings?
ADJEX has 91 stock holdings and 0 bond holdings.
The top 10 holdings represent 21.02% of total assets. Here are the top holdings:
| Name | Symbol | % Assets |
|---|---|---|
| Square Inc A | SQ | 2.73% |
| Cadence Design Systems Inc | CDNS | 2.28% |
| EPAM Systems Inc | EPAM | 2.26% |
| Fastenal Co | FAST | 2.16% |
| KLA Corp | KLAC | 2.13% |
| Citrix Systems Inc | CTXS | 2.09% |
| Dollar General Corp | DG | 2.02% |
| TransUnion | TRU | 1.80% |
| DexCom Inc | DXCM | 1.79% |
| Equity Lifestyle Properties Inc | ELS | 1.76% |
3. What is ADJEX performance? What are ADJEX historical returns?
ADJEX has generated the following returns:
- 1-month return is 2.74%;
- 3-month return is 7.34%;
- 1-year return is 24.30%;
- 3-year return is 15.61%;
- 5-year return is 13.50%;
- 10-year return is 11.82%;
- 15-year return is 9.00%.
4. How many up and down years did ADJEX have historically?
In the last 10 years, ADJEX had 8 up years and 2 down years.
5. What is ADJEX dividend yield?
ADJEX yield is 0%.
6. What is ADJEX minimum initial investment amount?
ADJEX minimum initial investment amount is $3.00K.
7. What is ADJEX expense ratio?
ADJEX expense ratio is 0.99%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.
8. Does ADJEX have any sales loads or 12b-1 distribution expenses?
ADJEX 12b-1 distribution fee is 0.15. ADJEX front-end sales load is 0. ADJEX back-end sales load is 0.
9. What is ADJEX tax efficiency (tax-cost ratio)?
- 1-year ax cost ratio is 1.51%;
- 3-year ax cost ratio is 2.13%.
10. What is ADJEX beta? How would you assess ADJEX risk?
- 3-year beta is 1.06;
- 5-year beta is 1.06;
- 10-year beta is 1.09.
11. What is ADJEX Sharpe ratio?
- 3-year Sharpe ratio is 0.77;
- 5-year Sharpe ratio is 0.69;
- 10-year Sharpe ratio is 0.83.
Analysis
12. What is Finny Score? buy or sell?
Finny Score is 0. Our quantitative analysis shows 0 reasons to buy and 7 reasons to sell it, resulting in the Finny Score of 0.
13. What are the pros of investing in ADJEX? What are ADJEX buy reasons?
We don't see any strong reasons to buy ADJEX.
14. What are the cons of investing in ADJEX? What are ADJEX negatives?
The following are ADJEX weaknesses from our perspective:
- ADJEX net assets are $104.30 million. This fund is not a popular choice with retail investors.
- ADJEX 3-year return is 15.61%, which is lower than the 3-year return of the benchmark index (Russell Mid Cap Growth TR USD), 18.3%.
- ADJEX 5-year return is 13.5%, which is lower than the 5-year return of the benchmark index (Russell Mid Cap Growth TR USD), 16.37%.
- ADJEX 10-year return is 11.82%, which is lower than the 10-year return of the benchmark index (Russell Mid Cap Growth TR USD), 14.85%.
- ADJEX 15-year return is 9%, which is lower than the 15-year return of the benchmark index (Russell Mid Cap Growth TR USD), 11.1%.
- ADJEX expense ratio is 0.99%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
- Warning: this fund has a 12b1 sales fee. The maximum 12b1 fee is 0.15%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund.
