Amana Mutual Funds Trust Developing World Fund
AMDWX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1300 North State St Bellingham WA United States of America 98225
- IPO Date
- Sep 29, 2009
- CIK
- 0000766285
- Website
- saturna.com
- Similar Companies
- Business
- Amana Mutual Funds Trust Developing World Fund (AMDWX) is a mutual fund that seeks long-term capital growth by investing primarily in common stocks of companies with significant exposure to developing economies and markets, consistent with Islamic principles. The fund, part of the Amana Mutual Funds Trust advised by Saturna Capital Corporation, allocates at least 80% of its net assets to equities where 50% or more of production assets or revenues derive from emerging markets; it follows a large-cap value style, diversifying across industries such as technology (36%), basic materials (20%), and consumer defensive (13%), with key geographic focuses including emerging Asia (23%), developed Asia (18%), and the United States (15%). Holdings emphasize Shariah-compliant securities, excluding companies involved in alcohol, tobacco, pork, gambling, or excessive debt, with top positions in firms like Taiwan Semiconductor Manufacturing, Delta Electronics, and Barrick Gold. Established in 2009 as the third fund in the Amana lineup—following the Amana Income Fund (1986) and Amana Growth Fund (1994)—the trust operates from headquarters in Bellingham, Washington, under Saturna Capital, founded in 1989, which manages approximately $5.8 billion in assets including subsidiaries in Malaysia and Nevada. The fund targets Muslim and values-aligned investors seeking exposure to diversified emerging markets through compliant vehicles, with total net assets around $156 million, an expense ratio of 1.20%, and availability via U.S. platforms like NASDAQ. Recent developments include shareholder approval in February 2025 for the election of independent trustees, reinforcing governance amid ongoing portfolio management by Scott Klimo (since 2012), Monem Salam (since 2017), and Levi Zurbrugg (since 2020). Saturna Capital, the adviser, marked milestones such as the Amana Participation Fund's tenth anniversary in 2025 and received honors at the Cambridge Islamic Funds Awards in February 2025, while sponsoring educational initiatives like the Imam's Generational Scholarship Fund for 2025-2026; the firm also issued its 2024 Sustainability and Stewardship Report highlighting low injury rates in portfolio companies. No major acquisitions, funding rounds, or product launches specific to AMDWX were reported in 2024-2025, with focus remaining on quarterly performance updates, including Q1 2025 commentary noting market variability.