Azzad Mutual Funds
Besides investing in the portfolios of the Ethical Wrap Program, you may choose to invest in the Azzad mutual funds. As with all our investment products, the mutual funds follow our ethical investment philosophy. Please make sure you read the fund's prospectus carefully before investing.
Stocks in the Azzad funds' portfolios typically have "high earnings yield" or high earnings relative to the value of the companies. For example, a company that has a valuation of $1 billion and generates $100 million in earnings has an earnings yield of 10%. The higher the earnings yield, the better.
Azzad Ethical Mid Cap Fund
Azzad Ethical Income Fund
You may purchase the Azzad mutual funds directly from us or through one of the below brokerage firms. If you do not see your broker, please call us.
- HDVest - Wells Fargo
- Protected Investors of America NTF
- Scottrade NTF
- TD Ameritrade
- Wachovia Bank, N.A.
- MSCS Financial Services
- Ceridian Retirement Plan Services
- The Princeton Retirement Group
- Ameritas NTF N
- CommonWealth NTF
- CommonWealth PPS
- CommonWealth Universe
- DailyAccess Corporation FRIAG
- Fidelity Institutional FundsNetwork
- Fidelity Institutional FundsNetwork-NTF
- Fidelity Retail FundsNetwork
- Fidelity Retail FundsNetwork-NTF
- RI Securities LLC
- Securian Financial Services
- Chase Investment Services
- HSBC Securities
- Expert Plan, Inc.
- Pershing LLC
- Stockcross Financial Services
Mutual Fund |
Azzad Ethical Income Fund
Download Prospectus |
Investment Goal |
Current Income & Long term capital appreciation |
Inception Date |
07-03-2000 |
Cusip # |
055060107 |
Symbol |
AEIFX |
Asset Allocation |
Primarily Large Cap Dividend yielding companies |
Benchmark |
S&P 500 |
Minimum Investment |
Regular investment $1,000
Retirement & College $500 |
Mutual Fund |
Azzad Ethical Mid Cap Fund
Download Prospectus |
Investment Goal |
Long term capital appreciation |
Inception Date |
11-01-2000 |
Cusip # |
055060206 |
Symbol |
ADJEX |
Asset Allocation |
All Cap |
Benchmark |
S&P 400 |
Minimum Investment |
Regular investment $1,000
Retirement & College $500 |
Mr. Jamal Elbarmil serves as the Vice President of Azzad Asset Management and as portfolio manager for the Azzad Funds. He is responsible for the day to day management of the Azzad Funds’ portfolios aided by a team of equity analysts. He holds a Masters Degree in Information Systems from the American University in Washington DC and he is a PhD candidate at George Mason University in Virginia.
The Funds invests at least 80% of its assets in dividend paying companies. In selecting securities, the Fund’s portfolio manager looks for companies that have a history of consistent dividends and earnings. The Fund will invest primarily in the common stocks of large-capitalization companies, but may invest up to 25% of its assets in the common stocks of mid or small capitalization companies (mid capitalization companies are companies with a market capitalization of $500 million to $10 billion, small capitalization companies are companies with a market capitalization of less than $1 billion). The Fund is diversified, and with respect to 75% of its total assets, it does not invest more than 5% of total assets in the securities of any one issuer. In addition, the Fund will not invest more than 25% of its assets in any particular industry. The Fund may also invest in stocks of foreign companies including American Depositary Receipts (ADRs).
The Azzad Ethical Mid Cap Fund invests in small, mid and large companies. The fund chooses its investments from the ethically-screened list of securities. The fund manager then ranks the remaining companies based on earnings yield and return on capital (making accounting adjustments to correct for distortions such as goodwill, off balance sheet items, etc.).
The manager then conducts more extensive analysis of the top 15% - 20% of securities in the ranking. More extensive analysis involves examining balance sheets, income statements, cash flow statements and approximating the value of the company using a Dividend Discount Model, a cash flow model or a comparables model.
If a firm is fundamentally strong (strong balance sheet, cash flows and margins) and trades at or below its industry peers, the stock is placed on our watch list for purchase. Purchases are executed at opportune times. On average, the Azzad Ethical Mid Cap Fund holds 40-50 stocks with average weightings of 2%. The Azzad Ethical Mid Cap Fund uses the S&P 500 Index as its benchmark.
Ten largest holdings in the Azzad Ethical Income Fund
As of November 10, 2008
|
Name |
% |
| SOUTHWESTERN ENERGY CO. |
3.970% |
| GENERAL MILLS INC. |
3.800% |
| FMC CORP. |
3.350% |
| JOHNSON & JOHNSON |
3.150% |
| CHURCH & DWIGHT CO., INC. |
3.150% |
| FOMENTO ECONOMICO MEXICANO S.A |
2.960% |
| GRAINGER W.W. |
2.930% |
| HASBRO, INC. |
2.830% |
| REPUBLIC SERVICES, INC. |
2.640% |
| WABTEC CORP. |
2.630% |
Ten largest holdings in the Azzad Ethical Mid Cap Fund
As of November 10, 2008
Name |
% |
| CHURCH & DWIGHT CO., INC. |
6.50% |
| EXPRESS SCRIPTS, INC. |
3.80% |
| SOUTHWESTERN ENERGY CO. |
3.75% |
| FLOWSERVE CORP. |
3.36% |
| WABTEC CORP. |
3.16% |
| APPLE COMPUTER INC. |
2.67% |
| AMEDISYS, INC |
2.61% |
| WESTERN DIGITAL CORP. |
2.44% |
| CSX CORP. |
2.33% |
| FASTENAL CO. |
2.31% |
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Automatic reinvestment of dividends and capital gains distributions.
- Automatic Investment Plan in which you invest a specified amount of money in the fund once a month. These payments are withdrawn from your bank account by automated clearinghouse payment. This is an easy way to practice dollar cost averaging. Download an Automatic Investment Plan application to get started.
- Quarterly financial statements and online access to your account through our website.
- Fund commentary includes market outlook, funds' performance and news on portfolio holdings.
- A dedicated transfer agent can assist you with any account service questions you may have. Please call 888-350-3369.
- A wide variety of retirement accounts for individuals and businesses. Coverdell Education Savings Accounts (ESAs) can help parents utilize a tax smart way to save for a child's college education.
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