14 important things you should know about Allied Asset IMANX mutual fund

Updated: June 28, 2020
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Before we start: if you’re looking for IMANX “stock” price, you can quickly find it out by visiting Finny and typing "IMANX quote". If you’re looking for a quick scoop on IMANX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "IMANX". You’ll get all this info in one place.

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

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

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

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

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

Fact Sheet

1. Describe Allied Asset Advisors Funds: Iman Fund (IMANX).

The Fund seeks to match the total return of the Dow Jones Islamic Index. The Fund invests in firms included in its benchmark index and replicate its weightings. These will follow Islamic principles and uninvested cash will be in non-interest bearing accounts or in investments meeting Islamic criteria.

2. What are IMANX top holdings?

IMANX has 115 stock holdings and 0 bond holdings.

The top 10 holdings represent 28.27% of total assets. Here are the top holdings:

Name Symbol % Assets
Apple Inc AAPL 4.47%
Microsoft Corp MSFT 4.47%
Alphabet Inc A GOOGL 4.44%
TAL Education Group ADR TAL 3.07%
Facebook Inc A FB 2.86%
Adobe Inc ADBE 2.02%
Salesforce.com Inc CRM 1.98%
Ross Stores Inc ROST 1.68%
Entegris Inc ENTG 1.65%
The Home Depot Inc HD 1.63%

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

IMANX has generated the following returns:

  • 1-month return is 7.58%;
  • 3-month return is -18.21%;
  • 1-year return is -3.87%;
  • 3-year return is 7.63%;
  • 5-year return is 9.26%;
  • 10-year return is 10.74%;
  • 15-year return is 7.82%.

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

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

5. What is IMANX dividend yield?

IMANX yield is 0%.

6. What is IMANX minimum initial investment amount?

IMANX minimum initial investment amount is $3.00K.

7. What is IMANX expense ratio?

IMANX expense ratio is 1.34%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

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

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

  • 1-year ax cost ratio is 2.67%;
  • 3-year ax cost ratio is 2.72%.

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

  • 3-year beta is 1.18;
  • 5-year beta is 1.16;
  • 10-year beta is 1.13.

11. What is IMANX Sharpe ratio?

  • 3-year Sharpe ratio is 0.29;
  • 5-year Sharpe ratio is 0.44;
  • 10-year Sharpe ratio is 0.62.

Analysis

12. What is IMANX Finny Score? IMANX buy or sell?

IMANX Finny Score is 40. Our quantitative analysis shows 4 reasons to buy IMANX and 6 reasons to sell it, resulting in the Finny Score of 40.

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

The following are IMANX strengths from our perspective:

  • IMANX 5-year return is 9.26%, which is higher than the 5-year return of the benchmark index (DJ Islamic World TR USD), 8.03%.
  • IMANX 10-year return is 10.74%, which is higher than the 10-year return of the benchmark index (DJ Islamic World TR USD), 9.48%.
  • IMANX 15-year return is 7.82%, which is in line with the 15-year return of the benchmark index (DJ Islamic World TR USD), 8.09%.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

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

The following are IMANX weaknesses from our perspective:

  • IMANX net assets are $133.10 million. This fund is not a popular choice with retail investors.
  • IMANX 3-year return is 7.63%, which is lower than the 3-year return of the benchmark index (DJ Islamic World TR USD), 9.79%.
  • IMANX expense ratio is 1.34%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • IMANX 3-year Beta is 1.18, which is higher than the index (S&P 500 TR USD) 3-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 3 years.
  • IMANX 5-year Beta is 1.16, which is higher than the index (S&P 500 TR USD) 5-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 5 years.
  • IMANX 10-year Beta is 1.13, which is higher than the index (S&P 500 TR USD) 10-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 10 years.
In the IMANX review, we covered IMANX 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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