|Amana Income Investor|
Amana Mutual Funds Trust1300 North State Street, P.O. Box 2838Bellingham, WA 98225
|Fund Inception Date:||Jun 23, 1986|
|Nicholas F. Kaiser|
Lead Manager since Jan 1, 1990
|Nicholas Kaiser CFA®, MBA, Director and Chairman of Saturna Capital, was born in Bellingham in 1946. Mr. Kaiser graduated from Yale College with a degree in economics and obtained his MBA from the University of Chicago in 1968, with dual majors in International Economics and Finance. Mr. Kaiser purchased control of Unified Management Corporation (Indianapolis) in 1976, and built it into a mid-sized investment management and brokerage firm. After selling Unified to a major insurance company, he returned to Bellingham and founded Saturna Capital in 1989.
Mr. Kaiser and his children control Saturna Capital through its voting stock. A Chartered Financial Analyst charterholder, he is Saturna’s chief investment officer. He serves Saturna’s mutual funds as trustee, president, and equity portfolio manager.
Mr. Kaiser’s industry activities include service with the Investment Company Institute (past Governor), CFA Institute (past chapter president), Financial Planning Association (past chapter president), and No-Load Mutual Fund Association (past national president). He currently serves on the volunteer boards of St. Paul’s Academy, the Mt. Baker Foundation, and Shawnigan Lake School. He supports a range of non-profit activities, such as the Kaiser Professorship in International Business at Western Washington University. A commercial pilot (retired), ocean sailor, and avid skier, he reads and travels extensively.
Mr. Kaiser has been named to Morningstar’s Ultimate Stockpicker’s list three years running (2010, 2011, and 2012); he has twice been nominated for Morningstar’s Domestic Stock Portfolio Manager of the Year (2006 and 2008) and twice been named to Barron’s Top 100 Portfolio Managers (2001 and 2002). Mr. Kaiser was Northwest Business Monthly’s Business Person of the Year in 2006, and received Whatcom Business Alliance’s Lifetime Achievement Award for 2013.|
|Min Initial Investment:||250|
|Min Initial Investment, IRA:||100|
|Min Initial Investment, AIP:||N/A|
|Min Subsequent Investment:||25|
|Min Subsequent Investment, IRA:||25|
|Min Subsequent Investment, AIP:||N/A||
|The investment seeks current income and preservation of capital, consistent with Islamic principles.
The fund normally invests at least 80% of its assets in income-producing securities, primarily dividend-paying common stocks. It invests mainly in common stocks, including foreign stocks. Investment decisions are made in accordance with Islamic principles. The fund diversifies its investments across industries and companies, and generally follows a large-cap value investment style.|
(May 28, 2015)
|Last Cap Gain
|Annual Holdings Turnover
(Sep 2, 2015)
|Average for Category:||44.01%|
|Annual Report Expense Ratio (net):||1.12%||1.04%|
|Prospectus Net Expense Ratio:||1.15%||N/A|
|Prospectus Gross Expense Ratio:||1.15%||N/A|
|Max 12b1 Fee:||0.25%||N/A|
|Max Front End Sales Load:||N/A||5.24%|
|Max Deferred Sales Load:
|3 Yr Expense Projection*:||365||494|
|5 Yr Expense Projection*:||633||776|
|10 Yr Expense Projection*:||1,398||1,570|