AMAL

Saturna Al-Kawthar Global Focused Equity UCITS ETF - Acc

An actively managed, global equity ETF focusing on Shariah-complaint stocks with positive ESG characteristics.

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Key Documents
Factsheet
As of 29/11/2021

Fund Overview

The Saturna Al-Kawthar Global Focused Equity UCITS ETF (ticker: AMAL) is an actively managed global equity ETF focusing on Shariah-compliant stocks with positive ESG characteristics.

The AMAL Shariah-compliant ETF 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 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.

It is managed by a highly experienced team from Saturna Capital Corporation; a $6 billion asset management firm with over 31 years’ experience managing Islamic and socially responsible investment strategies.

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Why Invest in the AMAL Shariah ETF?

A tested ESG Investment philosophy:

The Saturna philosophy and process aims to generate consistent and sustainable market beating returns by seeking investments that demonstrate Shariah Islamic-compliance, including sustainable financial characteristics such as management strength, low debt, strong balance sheets and no involvement in prohibited (haram) activities. Saturna have proprietary in-house Islamic and ESG screening models which  positively screen for Islamic and ESG factors.


Expert ESG and Islamic Finance Fund Managers:

Saturna Capital Corporation has 31 years’ experience managing Islamic and socially responsible investment strategies. This Shariah ETF will follow the same investment philosophy as Saturna Capital’s US-based Shariah-compliant Amana Funds: The Amana Income Fund, the Amana Growth Fund and the Amana Developing World Fund.


Shariah Compliant:

The screening process is overseen by a panel of Shariah scholars with expertise in Islamic Investments, which reviews the proposed equity securities to ascertain the on-going compliance of the ETF’s operations with the Principles of Shariah Investment.

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

Activity managed, means the investment manager has discretion over the funds investments

Further risks are disclosed in the KIID and Prospectus

As of 29/11/2021

Listings & Codes

Exchange Ticker RIC SEDOL ISIN Valoren WKN CCY Listing Date
LSE AMAL LN HAAMAL.L BMDNKB0 IE00BMYMHS24 - - USD 30/09/2020
LSE AMAP LN AMAP.L BMDNKC1 IE00BMYMHS24 - - GBP 30/09/2020
Borsa Italiana AMAL IM AMALI.MI BMWTXS7 IE00BMYMHS24 - - EUR 12/10/2020
Xetra ASWE GY ASWE.DE BMWTXV0 IE00BMYMHS24 - A2P5A6 EUR 12/10/2020

Registrations

Fund Overview
TickerAMAL
Asset ClassEquities
Base CurrencyUSD
Inception Date28/09/2020
Number of Holdings22
TER75 bps
Net Asset ValuesAs of 29/11/2021
NAV$8.25
Net Assets of Fund6,431,195.57 (USD)
Shares Outstanding780,000
Issuer AUM$732,401,172
Structure
Replication MethodPhysical
DomicileIreland
UCITS CompliantYes
Financial End Year31/03
Legal FormICAV
Legal And Tax Information
UCITS EligibleYes
ISA EligibleYes
SIPP EligibleYes
UK Fund Reporting Status
Key Service Providers
CustodianThe Bank of New York Mellon SA/NV, Dublin Branch
Portfolio ManagerSaturna Capital Corporation


AMAL Performance 1M 3M 6M YTD 12M Since Inception
(28/09/2020)
Saturna Al-Kawthar Global Focused Equity UCITS ETF - Acc 2.99% -3.74% -2.93% 1.73% 16.96% 11.17%

Insights

InsightsApril 2021

Global Equities Shariah Monthly Report | April
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InsightsMarch 2021

Global Equities Shariah Monthly Report | March
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InsightsFebruary 2021

Global Equities Shariah Monthly Report | February
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Press Releases

PressNovember 2021

Saturna Capital to launch actively managed Islamic global equity ETF with ESG characteristics, as HANetf CEO predicts big rise in active ETFs in Europe
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PressOctober 2020

Almalia to launch the world’s first actively managed global equity Shariah compliant ETF in Germany and Italy
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PressSeptember 2020

World’s first actively managed global equity Shariah compliant ETF has listed on London Stock Exchange
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Related Content

Listings & Codes

Exchange Ticker RIC SEDOL ISIN Valoren WKN CCY Listing Date
LSE AMAL LN HAAMAL.L BMDNKB0 IE00BMYMHS24 - - USD 30/09/2020
LSE AMAP LN AMAP.L BMDNKC1 IE00BMYMHS24 - - GBP 30/09/2020
Borsa Italiana AMAL IM AMALI.MI BMWTXS7 IE00BMYMHS24 - - EUR 12/10/2020
Xetra ASWE GY ASWE.DE BMWTXV0 IE00BMYMHS24 - A2P5A6 EUR 12/10/2020

ESG and SFDR

Shariah and ESG Screens

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.

How to Buy AMAL

HANetf funds are available to buy through self-directed platforms and brokers, and intermediary platforms across Europe listed in the link below. If you would like more information on how to trade with APs/market makers, please contact our Capital Markets Team at [email protected]

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Scott Klimo CFA

Chief Investment Officer

33-year industry veteran and Chief Investment Officer of Saturna Capital, assists Ms. Carten in managing the fund. Mr. Klimo earned his BA in Asian Studies from Hamilton College in Clinton, New York and also attended the Chinese University of Hong Kong and the Mandarin Training Center in Taipei, Taiwan. He spent the first several years of his career living and working in a variety of Asian countries and the past 20 years working as a senior analyst, research director, and portfolio manager covering global equities. Mr. Klimo is a Chartered Financial Analyst (CFA) charterholder.

Zahid Siddique MBA

Senior Equity Analyst and Portfolio Manager

Mr. Siddique, MBA began his investment career as an equity research analyst covering the buildings products sector at Gabelli Asset Management in New York in 2005.  He subsequently became the head of industrials equity research and then an associate portfolio manager for a $2 billion Gabelli global investment fund. In 2013, he moved to Dubai to gain international investment experience and focused on business development and investment activities in the Middle East. Mr. Siddique joined Saturna Capital’s Kuala Lumpur office in 2015 as a Senior Equity Analyst covering the telecom and industrials sectors. He was later named the Deputy Portfolio Manager of the Shariah-compliant Global Sustainable Fund, managed for Malaysia’s Employee Provident Fund, and Portfolio Manager for Saturna Sdn Bhd’s Shariah-compliant ASEAN Equity Fund. Mr. Siddique holds a BA in Mathematics from Hamilton College and an MBA from Columbia Business School.

About Saturna Capital

Saturna Capital's spirited ethic of philanthropy and community involvement has been a part of our corporate mission and culture since our founding in 1989. 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. www.saturna.com/

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