Amana Income remains a solid fund in many ways, even after the departure of former lead portfolio manager Nick Kaiser. The Institutional shares maintain their Morningstar Analyst Rating of Bronze, and the more expensive Investor shares stay at Neutral.
Amana Income Investor AMANX
NAV / 1-Day Return
61.88
/
0.35
%
Total Assets
1.6 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.040%
Expense Ratio
1.040%
Fee Level
Above Average
Longest Manager Tenure
9.03
years
Category
Large Blend
Investment Style
Large BlendMin. Initial Investment
250
Status
Open
TTM Yield
0.83%
Turnover
5%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will AMANX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable AMANX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the AMANX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of AMANX’s parent organization’s priorities and whether they’re in line with investors’ interests.
This fund still has numerous positive features, even after the loss of its longtime lead manager.
