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Amana Growth Fund Institutional Class

AMIGX · NASDAQ

Market closed$104.97$-1.20 (-1.13%)

Key statistics

Previous close$106.17
Open$104.97
Day high$104.97
Day low$104.97
52-week high$110.76
52-week low$84.00
Market cap6.78B
Volume—
Average volume—
P/E ratio38.19
Forward P/E—
EPS2.75
Dividend yield0.00%

Market context

Why it moved

AMIGX edged lower amid broad market selling pressure and thin trading volume, with no fund-specific catalysts identified to offset the general risk-off sentiment weighing on the portfolio's valuations.

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What is happening

Recent company-specific developments and publisher coverage.

July 15, 2026Amana Growth Fund Institutional Class closed essentially unchanged amid a broadly constructive backdrop for financial services and asset management. The sector was energized by a wave of blowout Q2 earnings from major Wall Street firms — Goldman Sachs, JPMorgan, Morgan Stanley, and BlackRock all beat estimates — driven by record trading revenues, a surge in M&A advisory fees, and the landmark SpaceX IPO. BlackRock's iShares unit separately surpassed $6 trillion in AUM, underscoring robust inflows into managed funds. The XLF sector ETF closed near its 52-week high, though Natixis strategists note AI disruption concerns and private credit pressures as ongoing watchpoints for the asset management industry heading into H2 2026.

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July 14, 2026Amana Growth Fund Institutional Class held steady after hours as the broader financial services sector navigated a turbulent session shaped by a cooler-than-expected June CPI reading, record Q2 bank earnings from JPMorgan and Goldman Sachs, and ongoing US-Iran geopolitical tensions. Morningstar flagged financial stocks as the second-worst-performing sector over the past year, citing AI disruption concerns and cracks in private credit, while Wall Street banks' strong dealmaking and trading revenues provided a partial offset to broader market anxiety around elevated valuations and rising oil prices.

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July 13, 2026Amana Growth Fund Institutional Class closed flat amid a cautious market backdrop shaped by renewed U.S.-Iran military tensions, a sharp Asian semiconductor selloff, and anticipation of a pivotal Q2 earnings week. The financial services sector faced mixed sentiment as Morningstar flagged AI disruption concerns and private credit cracks as headwinds, while major U.S. banks—set to report Tuesday—are expected to post strong capital markets results driven by record dealmaking and trading activity, offering a potential tailwind for asset managers like Amana.

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July 9, 2026Amana Growth Fund Institutional Class held steady amid a volatile macro backdrop defined by escalating U.S.-Iran tensions, which have reignited oil-driven inflation fears and pushed Treasury yields higher. As a Shariah-compliant growth fund that avoids interest-bearing securities and certain sectors, AMIGX may offer relative resilience against rate-hike concerns, though broader uncertainty ahead of Q2 earnings season—led by major banks on July 14—and a rotation away from tech-heavy holdings weigh on investor sentiment in the asset management space.

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July 2, 2026Amana Growth Fund Institutional Class (AMIGX), a Shariah-compliant growth-oriented mutual fund with significant exposure to technology and large-cap equities, held steady as broader markets faced headwinds on the final session of a holiday-shortened week. Chip stocks dropped sharply amid concerns that Meta's AI cloud expansion and OpenAI efficiency gains could reduce urgency for new semiconductor purchases, while investors awaited the June nonfarm payrolls report — expected to show 114,000 jobs added — for clues on Fed rate policy. The finance sector posted strong Q2 gains of 10.9%, though asset management peers broadly declined following mixed Q1 earnings results, with Fed Chair Warsh's softened inflation rhetoric offering some relief to rate-sensitive equities.

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June 30, 2026Amana Growth Fund Institutional Class held steady on the final trading day of the first half of 2026, as the broader financial services sector navigated a mixed environment marked by Oppenheimer's sweeping downgrades of major investment banks, a fragile U.S.-Iran ceasefire boosting broader equity sentiment, and the S&P 500 on track for its best quarterly performance in years. The XLF sector ETF edged slightly lower in after-hours trading, reflecting continued caution around traditional financials even as asset managers benefited from a tech-led equity rally and improved AI-driven market confidence.

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June 29, 2026Amana Growth Fund Institutional Class closed essentially unchanged after a volatile session shaped by geopolitical relief and a tech-driven recovery. The U.S.-Iran agreement to halt tit-for-tat strikes in the Strait of Hormuz helped lift broader equities, with the S&P 500 rebounding after last week's losses of over 2%. As a growth-oriented fund with significant tech exposure, AMIGX navigates a market environment where AI-driven earnings optimism and Middle East de-escalation are supporting sentiment, even as Magnificent Seven names like Nvidia and Alphabet remain under pressure following last week's 8%+ declines. The financial services sector ETF (XLF) held steady in after-hours trading, consistent with broader market stabilization.

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June 24, 2026Amana Growth Fund Institutional Class closed holding steady amid a turbulent week for growth-oriented assets, as the broader market staged a partial recovery on Wednesday following Monday's AI-driven tech selloff that sent the Nasdaq down nearly 3% and the S&P 500 lower by over 1%. The Financial Services sector ETF (XLF) edged down slightly in after-hours, reflecting lingering caution; BlackRock fell 3.2% on the session amid rate-hike fears, AUM pressure, and insider selling, while the Fed's annual stress test reaffirmed banking sector resilience—offering a mixed backdrop for asset managers like Amana.

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Morningstar · December 6, 2023A Matter of FaithBloomberg.com · January 29, 2020Top Sustainable Investment Funds Are Beating the Market

Peers

S&P 500SPX · $7,457.69-1.01%Amana Mutual Funds Trust - Growth FundAMAGX · $104.04-1.14%Artisan International Fund Inv ShsARTIX · $34.00-0.56%American Century Select Fund R6 ClassASDEX · $139.18-1.48%American Funds 2065 Trgt Date Retire F1FAXTX · $21.74-1.05%Jensen Quality Growth FundJENIX · $44.14-1.47%Jensen Quality Growth Fund Cl JJENSX · $44.23-1.49%Jensen Quality Growth Fund Class YJENYX · $44.12-1.47%Mairs & Power Growth FundMPGFX · $196.29-1.09%PGIM Jennison International Opps ZPWJZX · $35.69-0.70%American Century Select Fund Investor ClassTWCIX · $131.12-1.48%