Amana Developing World Fund Institutional Class

Frequently Asked Questions About AMIDX

What does AMIDX invest in?

The fund invests at least 80% of total net assets in common stocks of companies with significant exposure (50% or more of production assets, or revenues) to countries with developing economies and/or markets. Investment decisions are made in accordance with Islamic principles. It diversifies its investments across the industries, companies, and countries of the developing world, and principally follows a large-cap value investment style.

What is the expense ratio of AMIDX?

Amana Developing World Fund Institutional Class (AMIDX) charges an expense ratio of 0.98%. This is the annual fee deducted from fund assets to cover management and operations.

How big is AMIDX?

Amana Developing World Fund Institutional Class (AMIDX) is one share class of a fund that manages $209.9M across all of its share classes (AMDWX reports the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is AMIDX actively managed or an index fund?

AMIDX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (AMIDX's is 0.98%) in exchange for the discretion to over- or under-weight positions.

When was AMIDX launched?

Amana Developing World Fund Institutional Class (AMIDX) launched in September 2013 and is managed by the fund issuer.

How has AMIDX performed?

AMIDX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.