(PUB) Investing 2016
4
Data through March 31, 2016 FINRA members: For internal or institutional use only. Amana Income Investor
Ticker AMANX
Yield 1.4%
Total Assets $1,284 mil
Mstar Category Large Blend
Benchmark 1: Russell 1000 TR USD Benchmark 2: S&P 500 TR USD Morningstar Analyst Rating 03-30-16 ´
Investment Style Equity
Historical Profile Return Risk Rating Above Avg Low QQQQ Above Avg
4 4 4 4 4 4 4 4
Growth of $10,000
20.0
Investment Values of Fund Investment Values of Benchmark 1
15.0
Morningstar Pillars Process
∞ Positive ∞ Positive ∞ Positive ∞ Positive § Negative
10.0
Performance
People Parent
Performance Quartile (within Category)
& & & * ( & ) ( ) ( & 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 03-16 27.73 30.98 23.51 28.69 31.78 31.75 34.24 43.77 46.64 42.40 44.15 21.20 14.12 -23.48 23.54 12.21 1.94 9.65 29.72 9.13 -2.86 4.13 5.74 8.35 14.12 -4.90 -3.89 0.44 -6.78 -3.39 -4.11 -3.78 2.95 5.41 8.63 13.52 -2.93 -2.85 -0.17 -6.36 -2.67 -4.56 -4.25 2.78 0.83 0.73 0.69 1.38 1.34 1.56 1.71 1.78 1.60 1.43 0.00 20.37 13.39 -24.17 22.16 10.87 0.38 7.94 27.94 7.53 -4.29 4.13 0.19 0.20 0.21 0.32 0.38 0.49 0.54 0.61 0.70 0.66 0.00 0.38 0.46 0.01 0.00 0.00 0.17 0.01 0.00 0.41 2.25 0.00 1.50 1.38 1.33 1.33 1.26 1.21 1.20 1.19 1.15 1.13 . 1.34 0.95 0.71 1.39 1.33 1.47 1.52 1.58 1.71 1.26 . 13 1 2 49 68 19 93 74 76 73 5
Price
History
Morningstar Analyst Rating Morningstar evaluates mutual funds based on five key pillars, which its analysts believe lead to funds that are more likely to outperform over the long term on a risk-adjusted basis. Analyst Rating Spectrum Œ „ ´ ‰ Á
NAV
Total Return % +/- Bmark 1 +/- Bmark 2 Income Return % Capital Return % Capital Gains $ Expense Ratio % Income Ratio % Turnover Rate % Net Assets $mil Total Rtn % Rank Cat Income $
Pillar Spectrum ∞ Positive
§ Negative
¶ Neutral
Performance 03-31-16 1st Qtr 2nd Qtr
3rd Qtr
4th Qtr
Total
2012 2013 2014 2015 2016
6.24 -3.10 4.53 1.89 9.65 10.46 1.70 5.89 9.06 29.72 1.28 4.64 -1.48 4.52 9.13 -0.19 -0.58 -7.87 6.26 -2.86
.
10
14
2
6
5
3
3
1
1
0
121
350
541 1,039 1,254 1,314 1,279 1,559 1,474 1,048 1,055
Rating and Risk Time Period Load-Adj Return %
Portfolio Analysis 02-29-16 Total Stocks: 45 Share change since 01-31-16
4.13
— — — —
Morningstar Rtn vs Cat
Morningstar Risk vs Cat
Morningstar Risk-Adj Rating
Sector
YTD Ret % % Assets
Trailing
Total Return%
+/- Bmark 1
+/- Bmark 2
%Rank Cat
Growth of $10,000
Illinois Tool Works Inc
Industrl
— 3.91 — 3.88 — 3.70 — 3.38 — 3.36 — 3.34 — 3.27 — 3.24 — 3.20 — 3.16 — 2.99 — 2.93 — 2.83 — 2.81 — 2.65 — 2.56 — 2.52 — 2.47 — 2.47 — 2.43 22.99 0.71 11.94 3.99 11.05 0.91 0.00 0.00 0.00 0.00 38.00 0.94 0.00 0.00 2.06 0.32 27.02 2.33 8.92 0.49 39.00 1.44 18.71 1.94 20.29 1.44 0.00 0.00 % of Stocks Rel Bmark 1
1 Yr 3 Yr 5 Yr
1.34 9.04 8.89 7.95 8.55
3 Mo 6 Mo
4.13 2.96 2.78 10.64 2.89 2.16 1.34 0.84 -0.44 9.04 -2.48 -2.79 8.89 -2.46 -2.69 7.95 0.89 0.94 8.34 2.06 1.96
5 10,413 4 11,064 20 10,134 69 12,963 69 15,305 5 21,485 3 33,267
Nike Inc B
Cnsmr Cyc Hlth Care
-Avg QQQ Low QQQ
Avg Avg High
Eli Lilly and Co
1 Yr
3M Co
Industrl Industrl
Low QQQQQ
10 Yr Incept
3 Yr Avg 5 Yr Avg 10 Yr Avg 15 Yr Avg
Honeywell International I Bristol-Myers Squibb Comp
Hlth Care Cnsmr Def Cnsmr Def Basic Mat Technology Cnsmr Cyc Cnsmr Def
Colgate-Palmolive Co Kimberly-Clark Corp PPG Industries Inc
Other Measures
Standard Index
Best Fit Index
Alpha
-2.1 0.96
-2.1 0.96
Beta
Tax Analysis
Tax Adj Rtn% %Rank Cat Tax-Cost Rat %Rank Cat
Y Microsoft Corp
R-Squared
93
93
3 Yr (estimated) 5 Yr (estimated) 10 Yr (estimated)
8.15 8.23 7.44
46 54
0.82 0.60 0.47
27 23 16
Genuine Parts Co General Mills Inc
Standard Deviation
11.27
2
Mean
9.04 0.82
Pfizer Inc
Hlth Care
Sharpe Ratio
Rockwell Automation Inc
Industrl
Potential Capital Gain Exposure: 57% of assets
Novartis AG ADR
Hlth Care
Morningstar's Take by David Kathman, CFA 03-30-16 Amana Income has been managed since its 1989 inception by Nick Kaiser, who has put together an outstanding long-term record here and at Amana Growth AMAGX (launched in 1994). While Kaiser doesn’t have any immediate plans to retire, the length of his tenure means that succession planning has become a valid concern. Such concerns, along with the fund’s middling recent performance and still-high expenses, have led us to downgrade its Morningstar Analyst Rating from Silver to Bronze. Advisor Saturna Capital has moved over the past few years toaddress thesuccession issue. In2012, theyhired Scott Klimo as director of research and deputy portfolio manager on the Amana funds, and Klimo’s status as heir apparent to Kaiser has now been cemented by his promotion to chief investment officer in 2016. Kaiser is moving to the bigger-picture role of global strategist, while continuing as lead manager of this fund and Amana Growth. Meanwhile Paul Meeks, who was hired at the same time as Klimo as a technology analyst and portfolio manager, has left the firm, which is in the process of
Canadian National Railway E.I. du Pont de Nemours & Air Products & Chemicals Carlisle Companies Inc
Industrl
Basic Mat Basic Mat Cnsmr Cyc Cnsmr Def
replacing him as part of a broader attempt to beef up the staff of investment professionals. This fund holds only dividend-paying stocks, and like Amana Growth, it’s required to invest in accordance with Islamic law, meaning it can’t hold stocks that get more than 5% of their sales from alcohol, tobacco, gambling, pornography, pork, or other prohibited things. It also can’t hold financial stocks, or those with too much leverage, due to the Islamic prohibition on paying or receiving interest. Turnover is very low, partly due to Kaiser’s long- term perspective, but also because excessive trading is considered akin to gambling. This patient, fundamentally driven strategy has good things to offer lots of investors, and has led to excellent long-term results, especially in down markets such as 2008, with extremely low volatility. On the other hand, it tends to underperform its large-growth Morningstar Categorypeers inbullmarketsdrivenby risky,speculative fare, which is why it lagged from 2009 through 2015.
Y JM Smucker Co
Current Investment Style
Sector Weightings h Cyclical r BasicMat t CnsmrCyc y FinanSvcs u Real Est j Sensitive i CommSrvs o Energy p Industrl a Technlgy k Defensive s CnsmrDef d Hlthcare f Utilities
Market Cap % Giant 42.7 Large 35.1 Mid 22.2 Small 0.0 Micro 0.0 Avg $mil: 47,455
Value Blend Growth
Large Mid Small
Value Measures
Rel Category
Price/Earnings 18.69
1.14 1.90 1.38 1.48 1.15 0.99 -0.29 -0.13 0.32 0.24
Price/Book Price/Sales
4.41 2.10
Price/Cash Flow 13.37 Dividend Yield % 2.76
Growth Measures
% Rel Category
Long-Term Erngs 9.76
Book Value
-1.28 -0.37 1.62
Composition - Net
Sales
Cash 1.8 Stocks 98.2 Bonds 0.0 Other 0.0 Foreign 10.6 (% of Stock)
Address:
Amana Mutual Funds Trust Bellingham, WA 98225
Minimum Purchase: Min Auto Inv Plan:
$250
Add: $25 IRA: $100
Cash Flow
— Add: —
Historical Erngs 1.58
888-732-6262
Sales Fees:
No-load
Web Address:
www.amanafunds.com
Management Fee:
0.95% mx./0.65% mn. Mgt:0.83% Dist:0.25%
Profitability
%
Inception:
06-23-86
Actual Fees:
Return on Equity Return on Assets
28.33
Advisor:
Saturna Capital Corp (Washington)
Expense Projections: Income Distribution:
3Yr:$359 5Yr:$622 10Yr:$1375
9.25
Subadvisor:
None
Semi-Annually
Net Margin
12.69
A
ß ® Mutual Funds
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