Amana Income is trading at 68.10 as of the 23rd of November 2024; that is 0.71 percent up since the beginning of the trading day. The fund's open price was 67.62. Amana Income has about a 22 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Amana Income Fund are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of October 2024 and ending today, the 23rd of November 2024. Click here to learn more.
The fund normally invests at least 80 percent of its total net assets in income-producing securities, primarily dividend-paying common stocks. It invests primarily in dividend-paying common stocks, including foreign stocks. Investment decisions are made in accordance with Islamic principles. More on Amana Income Fund
Amana Income Fund [AMINX] is traded in USA and was established 23rd of November 2024. Amana Income is listed under Amana category by Fama And French industry classification. The fund is listed under Large Blend category and is part of Amana family. This fund presently has accumulated 1.69 B in assets under management (AUM) with minimum initial investment of 100 K. Amana Income is currently producing year-to-date (YTD) return of 13.58% with the current yeild of 0.01%, while the total return for the last 3 years was 7.23%.
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Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Amana Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Amana Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Amana Income Fund Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Other Information on Investing in Amana Mutual Fund
Amana Income financial ratios help investors to determine whether Amana Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Amana with respect to the benefits of owning Amana Income security.