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15 important things you should know about Amana AMIGX mutual fund

Updated: September 27, 2020
67
Bull Case
  • 3-year return above the benchmark
  • 5-year return above the benchmark
  • 10-year return above the benchmark
  • No sales load or distribution fees
Bear Case
  • Low net assets
  • High expense ratio

Before we start: if you’re looking for AMIGX “stock” price, you can quickly find it out by visiting Finny and typing "AMIGX quote". If you’re looking for a quick scoop on AMIGX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "AMIGX". You’ll get all this info in one place.

Are you looking to buy or sell AMIGX? Or perhaps you’re looking for AMIGX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this AMIGX 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: AMIGX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: AMIGX buy or sell; the pros and cons of investing in AMIGX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to AMIGX.

And here is the list of questions we’ll answer:

  1. Describe Amana Mutual Funds Trust: Growth Fund; Institutional Class Shares (AMIGX).
  2. What are AMIGX holdings?
  3. What is AMIGX performance? What are AMIGX historical returns?
  4. How many up and down years did AMIGX have historically?
  5. What is AMIGX dividend yield?
  6. What is AMIGX minimum initial investment amount?
  7. What is AMIGX expense ratio?
  8. Does AMIGX have any sales loads or 12b-1 distribution expenses?
  9. What is AMIGX tax efficiency (tax-cost ratio)?
  10. What is AMIGX beta? How would you assess AMIGX risk?
  11. What is AMIGX Sharpe ratio?
  12. What is AMIGX Finny Score? AMIGX buy or sell?
  13. What are the pros of investing in AMIGX? What are AMIGX buy reasons?
  14. What are the cons of investing in AMIGX? What are AMIGX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe Amana Mutual Funds Trust: Growth Fund; Institutional Class Shares (AMIGX).

The Fund seeks long-term capital growth. The Funds invest only in equity securities, including foreign securities, in pursuit of these goals. Investment decisions are made in accordance with Islamic principles.

2. What are AMIGX top holdings?

AMIGX has 34 stock holdings and 0 bond holdings.

The top 10 holdings represent 47.53% of total assets. Here are the top holdings:

Name Symbol % Assets
Apple Inc AAPL 7.42%
Adobe Inc ADBE 7.16%
Intuit Inc INTU 6.05%
ASML Holding NV ADR ASML 4.70%
The Estee Lauder Companies Inc Class A EL 4.20%
Church & Dwight Co Inc CHD 4.17%
Amgen Inc AMGN 3.78%
Agilent Technologies Inc A 3.67%
Cisco Systems Inc CSCO 3.32%
Novo Nordisk A/S ADR NVO 3.06%

3. What is AMIGX performance? What are AMIGX historical returns?

AMIGX has generated the following returns:

  • 1-month return is -2.24%;
  • 3-month return is 9.50%;
  • 1-year return is 24.91%;
  • 3-year return is 19.10%;
  • 5-year return is 17.71%;
  • 10-year return is 13.96%.

4. How many up and down years did AMIGX have historically?

In the last 10 years, AMIGX had 8 up years and 2 down years.

AMIGX up and down years

5. What is AMIGX dividend yield?

AMIGX yield is 0.59%.

6. What is AMIGX minimum initial investment amount?

AMIGX minimum initial investment amount is $100.00K.

7. What is AMIGX expense ratio?

AMIGX expense ratio is 0.79%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

AMIGX expenses

8. Does AMIGX have any sales loads or 12b-1 distribution expenses?

AMIGX 12b-1 distribution fee is 0. AMIGX front-end sales load is 0. AMIGX back-end sales load is 0.

9. What is AMIGX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 0.78%;
  • 3-year ax cost ratio is 1.34%.
AMIGX tax costs

10. What is AMIGX beta? How would you assess AMIGX risk?

  • 3-year beta is 0.87;
  • 5-year beta is 0.88;
  • 10-year beta is 0.90.
AMIGX Beta

11. What is AMIGX Sharpe ratio?

  • 3-year Sharpe ratio is 1.05;
  • 5-year Sharpe ratio is 1.02;
  • 10-year Sharpe ratio is 1.07.
AMIGX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 67. Our quantitative analysis shows 4 reasons to buy and 2 reasons to sell it, resulting in the Finny Score of 67.

13. What are the pros of investing in AMIGX? What are AMIGX buy reasons?

The following are AMIGX strengths from our perspective:

  • <strong>AMIGX 3-year return</strong> is 19.1%, which is higher than the 3-year return of the benchmark index (S&P 500 TR USD), 11.64%.
  • <strong>AMIGX 5-year return</strong> is 17.71%, which is higher than the 5-year return of the benchmark index (S&P 500 TR USD), 13.04%.
  • <strong>AMIGX 10-year return</strong> is 13.96%, which is higher than the 10-year return of the benchmark index (S&P 500 TR USD), 13.48%.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

14. What are the cons of investing in AMIGX? What are AMIGX negatives?

The following are AMIGX weaknesses from our perspective:

  • <strong>AMIGX net assets</strong> are $840.40 million. This fund is not a popular choice with retail investors.
  • <strong>AMIGX expense ratio</strong> is 0.79%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the AMIGX review, we covered AMIGX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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