About the Fund

OBJECTIVE/STRATEGY

Capital preservation and income. Our proprietary investment process embraces our ethical investing philosophy. The Fund does not engage in charging or paying of interest from lending, trading debt, money market instruments, future contracts and currency.

The Fund’s goal is to produce a return that is comparable to the return on bank accounts, certificates of deposits, and other such financial instruments (in which the Fund cannot invest) pursuant to the Fund’s ethical investment restrictions.

INVESTMENT PROCESS

PORTFOLIO

Largest Holdings (as of 12/31/2013)

Deposits & Notes

Kuveyt Turk Bank 13%
Turkiye Finans Bank 8%
Asya Bank 4%
Albaraka Turk Bank 3%

Sukuks

Emirates Islamic Bank Sukuks 7%
Saudi Electric Sukuks 5%
Malaysian Sovereign Sukuks 4%
Indonesian Sovereign Sukuks 4%
Sime Darby Sukuk (Malaysia) 4%

Allocation

Allocation (as a % of total portfolio)

*The Fund’s Allocation is for illustrative purposes only and is subject to change. Sukuks are certificates that are linked to the return and cash flows of the financing to the assets purchased, or the returns generated from an asset purchased.

Credit Quality/Maturities

Credit Quality* % Maturity* %
AAA 22% Equal or less than 3 months 49%
AA 1% Between 3 months-1 Yr 5%
A 27% Between 1-2 Yrs 3%
BBB 39% Between 2-5 Yrs 25%
Not Rated 3% Between 5-10 Yrs 17%
Below Investment Grade 8% Between 10-12 Yrs 0%
Total 100% Total: 100%

*Fixed Income & Cash. Adjusted Weights.

IMPORTANT FUND DISCLOSURES

The Fund is non-diversified with a high concentration of securities in the financial sector which can expose the Fund to more volatility and/or market risk than diversified funds. The Fund may not achieve its objective and/or could lose money on your investment in the Fund. The Fund mainly invests in securities issued by foreign entities which expose the Fund to country specific risks such as market, economic, political, regulatory, geographical, and other risks. The Fund intends to invest in certain instruments that may be illiquid. As a result, if the Fund receives large amount of redemptions, the Fund may be forced to sell such illiquid investments at a significant loss to be able to meet such redemption requests. See the prospectus for more details about risks.

* Previously known as Wise Capital Fund.

Portfolio characteristics including holdings, sector allocation, and risk measurements are for illustrative purposes only and may change without prior notification. Portfolio characteristics are intended to provide a general view of the entire portfolio at a certain point in time. Characteristics are calculated using information obtained from various data sources.

The Bank of America Merrill Lynch US Corporate & Government Master Index tracks the performance of US dollar-denominated investment grade Government and Corporate public debt issued in the US Domestic bond market, excluding collateralized products.

The services and products described on this website are intended to be made available only to persons in the United States. This website should not be considered a solicitation or an offering of any of the Azzad Funds to investors residing outside the United States or where prohibited. AZZAD only transacts business in states where it is properly registered or notice filed, or excluded or exempted from registration requirements.

Azzad Asset Management is an independent investment advisory firm and adviser to the Azzad Funds. The Azzad Funds are described in a prospectus which contains more complete information about the Funds, including management fees and other charges and expenses. You should read the prospectus carefully before you invest or send money.

Fund Facts

Inception Date: April 1, 2010
CUSIP: 055060305
Ticker Symbol: WISEX
Asset Allocation: Fixed Income
Benchmark: BofAML US Corp & Gov 1-3 yr
Minimum Investment: $4,000
Retirement & College Accounts: $4,000
Add’l automated min. investments*: $300
> Download Prospectus
> Download Fact Sheet
Shareholder Services: 888-350-3369

2013 Distributions

As a shareholder, you are entitled to your share of a Fund’s net income and capital gains on its investments. A Fund is required to pass through substantially all of its earnings along to its investors as distributions. When a Fund earns dividends from stocks and distributes these earnings to shareholders, it is called a dividend distribution. A Fund realizes capital gains when it sells securities for a higher price than it paid. When net long-term capital gains are distributed to shareholders, it is called a capital gain distribution. Net short-term capital gains are considered ordinary income and are included in dividend distributions.

The Funds distribute capital gains, if any, annually. The Azzad Wise Capital Fund (WISEX) distributes dividends, if any, monthly, and the Azzad Ethical Fund (ADJEX) distributes dividends, if any, annually.

Distributions (dividends, short-term capital gains, and long-term capital gains) are listed below:

Azzad Wise Capital Fund (WISEX) 2013 Distributions

Dividend0.00797
ST Cap Gain0.10718
LT Cap Gain0.00195
Total 0.1171

PLEASE NOTE: On the day the distribution is declared, the amount of the distribution is deducted from fund assets and calculated as a per share amount to be passed through to shareholders. On this day, the fund's share price will decline by the amount of the distribution (plus or minus any share price change related to market activity).