Investment objective & strategy
As of Sept. 25, 2025 · prospectusObjective. The Fund seeks growth of capital while adhering to Islamic principles.
Strategy. The Fund seeks to achieve its investment objective by investing in common stocks and equity-related securities of domestic and foreign issuers that meet Islamic principles and whose prices the Funds investment advisor, Allied Asset Advisors, Inc. (the Advisor), anticipates will increase over the long term. Islamic principles generally preclude investments in certain businesses ( e.g. , alcohol, pornography and gambling) and investments in interest bearing debt obligations or businesses that derive interest income as their primary source of income. The Fund may invest in companies of all market capitalizations. Any uninvested cash will be held in non-interest bearing deposits or invested in a manner following Islamic principles. There can be no guarantee that the Fund will achieve its investment objective. … The Fund seeks to achieve its investment objective by investing in common stocks and equity-related securities of domestic and foreign issuers that meet Islamic principles and whose prices the Funds investment advisor, Allied Asset Advisors, Inc. (the Advisor), anticipates will increase over the long term. Islamic principles generally preclude investments in certain businesses ( e.g. , alcohol, pornography and gambling) and investments in interest bearing debt obligations or businesses that derive interest income as their primary source of income. The Fund may invest in companies of all market capitalizations. Any uninvested cash will be held in non-interest bearing deposits or invested in a manner following Islamic principles. There can be no guarantee that the Fund will achieve its investment objective. Among the securities that meet Islamic principles, the Advisor will determine a securitys attractiveness for purchase based on a number of factors, including its anticipated value, record of earnings growth, and possible turn around, among other things. The Advisor may invest in growth or value stocks, but it anticipates that a majority of its investments will be of the growth type. The Fund may sell portfolio securities at any time when, in the Advisors judgment, their price has reached the intended target, their fundamentals have deteriorated, or there are better investment opportunities. The Fund normally does not invest in emerging markets securities except for those traded on U.S. exchanges.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| APPLE INC | — | $17.98M | 7.73% |
| TAIWAN SEMIC MFG CO LTD SP ADR | — | $17.77M | 7.64% |
| NVIDIA CORP | — | $14.25M | 6.13% |
| ALPHABET INC CL A | — | $12.63M | 5.43% |
| MICROSOFT CORP | — | $12.40M | 5.33% |
| EXXON MOBIL CORP | — | $10.76M | 4.63% |
| ALPHABET INC CL C | — | $8.41M | 3.62% |
| META PLATFORMS INC CL A | — | $7.18M | 3.09% |
| ASML HOLDING-NY | — | $5.97M | 2.57% |
| JOHNSON&JOHNSON | — | $5.77M | 2.48% |
Portfolio moves
Nov 30, 2025 → Feb 28, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Wahed FTSE USA Shariah ETF · HLAL | 53% | 0.50% |
| Sp Funds S&p 500 Sharia Industry Exclusions ETF · SPUS | 51% | 0.45% |
| ProShares S&P 500 Ex-Financials ETF · SPXN | 50% | 0.09% |
Advisers
| Firm | Role |
|---|---|
| ALLIED ASSET ADVISORS, INC. | Adviser |
Footnotes
- Expense ratio as of September 25, 2025, from the fund's prospectus.
- Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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