Shariah ETF | AMAL

Saturna Al-Kawthar Global Focused Equity UCITS ETF – Acc

The Shariah ETF is an actively managed, global equity fund focusing on shariah-compliant stocks with positive ESG characteristics.

Case for our Shariah ETF

A tested ESG investment philosophy

The Active Shariah ETF aims to generate consistent and sustainable market beating returns by seeking investments that demonstrate Shariah Islamic compliance. Saturna have proprietary in-house models which positively screen for Islamic and ESG factors.

Expert ESG and Islamic finance fund managers

Saturna has 30 years’ experience managing Islamic and socially responsible investment strategies, including US-based Shariah-compliant Amana Funds: The Amana Income Fund, the Amana Growth Fund and Amana Developing World Fund.

Shariah compliant

Screening overseen by a panel of Shariah scholars with expertise in Islamic investments, reviewing proposed equity securities to ascertain the on-going compliance of the Active Shariah ETF’s operations with Shariah investing principles.

Case for Active

Versatile

Skilled fund managers, supported by in-depth research and analysis, can seek to identify opportunities and navigate market conditions.

Avoiding Risks

Active fund managers can adjust portfolios to respond to changes in macro or market conditions, which could reduce downside risk.

Alpha Potential

Screening overseen by a panel of Shariah scholars with expertise in Islamic investments, reviewing proposed equity securities to ascertain the on-going compliance of the Active Shariah operations with Shariah investing principles.

As of 20.06.2024

Shariah ETF Objective

Saturna Al-Kawthar Global Focused Equity UCITS ETF (AMAL) is an actively managed global equity ETF focusing on Shariah-compliant stocks with positive ESG characteristics. AMAL aims to achieve long-term capital appreciation and exhibits the primary features of Islamic financial products: it is asset backed, ethical, shares risks equitably, and is subject to good governance. The Active Shariah ETF typically invests in 30-45 stocks high quality, attractively priced global companies that are best-in-class on a variety of ESG, financial and valuation metrics and have solid growth prospects. The ETF invests globally and is benchmark agnostic in terms of geographic and industry allocations.

Key Information

Inception Date28/09/2020
Base currencyUSD
Net Assets of Fund$14,272,631
TER75 bps
DomicileIreland
SFDR ClassificationArticle 8
ISINIE00BMYMHS24

Key Risks

The value of equities and equity-related securities can be affected by daily stock and currency market movements. Investors capital is fully at risk and investors may not get back the amount originally invested. Exchange rate fluctuations could have a negative or positive effect on returns. For a complete overview of all the risks, please refer to the “Risk Factors” in the Prospectus.

Fund Information

TickerAMAL
Asset ClassActive
Income TreatmentAccumulating

Net Asset Values

NAV$9.15
Net Assets of Fund$14,272,631
Shares Outstanding1,560,000
Issuer AUM$1,579,409,739

Fund Structure

UCITS CompliantYes
UCITS EligibleYes
ISA EligibleYes
SIPP EligibleYes
UK Fund Reporting StatusYes
Shariah CompliantYes

Key Service Providers

CustodianJ.P. Morgan SE - Dublin Branch
Portfolio ManagerSaturna Capital Corporation
IssuerHANetf ICAV

Registrations

Austria
Denmark
Finland
France
Germany
Ireland
Italy
Luxembourg
Netherlands
Norway
Sweden
Switzerland
United Kingdom

Listings & Codes

ExchangeTickerRICSEDOLCCYListing Date
LSEAMAL LNHAAMAL.LBMDNKB0$2020-09-30
LSEAMAP LNAMAP.LBMDNKC1£2020-09-30
XetraASWE GYASWE.DEBMWTXV02020-10-12
Borsa ItalianaAMAL IMAMALI.MIBMWTXS72020-10-12
SIXAMAL SEAMALCHF.SBMX8CZ32022-03-01
Exchange LSE
Ticker AMAL LN
RIC HAAMAL.L
SEDOL BMDNKB0
CCY $
Listing Date 2020-09-30
Exchange LSE
Ticker AMAP LN
RIC AMAP.L
SEDOL BMDNKC1
CCY £
Listing Date 2020-09-30
Exchange Xetra
Ticker ASWE GY
RIC ASWE.DE
SEDOL BMWTXV0
CCY
Listing Date 2020-10-12
Exchange Borsa Italiana
Ticker AMAL IM
RIC AMALI.MI
SEDOL BMWTXS7
CCY
Listing Date 2020-10-12
Exchange SIX
Ticker AMAL SE
RIC AMALCHF.S
SEDOL BMX8CZ3
CCY
Listing Date 2022-03-01

Performance

AMAL (Fund)
1M2.81%
3M1.81%
6M14.35%
YTD8.16%
12M21.31%
3Y-1.92%
Since Inception (28/09/2020)13.08%

NAV

Source: HANetf, data as of 31.05.2024. Please note that all performance figures are showing net data. Performance before inception is based on back-tested data. Back-testing is the process of evaluating an investment strategy by applying it to historical data to simulate what the performance of such a strategy would have been. Back-tested data does not represent actual performance and should not be interpreted as an indication of actual or future performance. Past performance for the index is in USD. Past performance is not an indicator for future results and should not be the sole factor of consideration when selecting a product. Investors should read the prospectus of the Issuer (“Prospectus”) before investing and should refer to the section of the Prospectus entitled “Risk Factors” for further details of risks associated with an investment in this product. If fund is less than 12 months old, YTD field will be calculated since inception. When you invest in ETFs your capital is at risk.

Holdings As of 20.06.2024

No. of holdings: 39

NameWeight
TAIWAN SEMICONDUCTOR4.17%
MICROSOFT CORP COMMON3.96%
BROADCOM INC COMMON STOCK3.94%
TRANE TECHNOLOGIES PLC3.71%
ELI LILLY & CO COMMON3.67%
ASML HOLDING NV COMMON3.37%
ALPHABET INC COMMON STOCK3.32%
ASTRAZENECA PLC COMMON3.29%
WOLTERS KLUWER NV COMMON2.95%
BOSTON SCIENTIFIC CORP2.94%

SectorWeight
Technology43.20%
Health Care25.25%
Industrials13.88%
Consumer Discretionary6.05%
Consumer Staples5.61%
Communications3.32%
Materials1.87%
Other0.79%

Methodology

For the Shariah ETF, Saturna positively screen for Islamic and ESG factors such as low debt, excellent corporate governance, supply chain integrity, and a commitment to reducing environmental risk in the areas of carbon emissions, water and waste. Negative screening excludes companies engaged in prohibited activities including no alcohol, pork, gambling, weapons, tobacco, as well as high-risk ESG activities such as fossil fuel extraction and refining.

Knowledge hub

Explore our expert-written monthly fund reports, periodic reviews, and key insights.

About Partner

Saturna Capital’s spirited ethic of philanthropy and community involvement has been a part of their corporate mission and culture since being founded in 1989. Now a $6 billion asset management firm, Saturna endeavours to donate at least 5% of its pre-tax profits to local, community-based organizations each year. Saturna maintain a focus on supporting education in communities such as the provision of educational activities at the 133-acre mountain lake facility outside of Bellingham.

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