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Shareholder Fees(fees paid directly from your investment) 0 0 0 0 0 0 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0100 0 0.0029 0.0129 -0.0030 0.0099 September 30, 2028 Example: This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s net operating expenses remain the same. Although your actual cost may be higher or lower, based on these assumptions, your costs, whether or not you redeemed your shares, would be: 101 379 679 1530 Portfolio Turnover <div style="text-align:justify"><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-weight:400;line-height:120%">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes for Fund shares held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the example, affect the Fund’s performance. During the most recent fiscal year ended May 31, 2026, the Fund’s portfolio turnover rate was 41% of the average value of its portfolio.</span></div> 0.41 Principal Investment Strategies <div style="text-align:justify"><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-weight:400;line-height:120%">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 Fund’s investment advisor, Allied Asset Advisors, Inc. (the “Advisor”), anticipates will increase over the long term. Islamic principles generally preclude investments in certain businesses (</span><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-style:italic;font-weight:400;line-height:120%">e.g.</span><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-weight:400;line-height:120%">, 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. </span></div>Among the securities that meet Islamic principles, the Advisor will determine a security’s 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 Advisor’s 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. As with any mutual fund, you may lose money by investing in the Fund. <div style="text-align:justify"><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Equity Securities Risk:</span><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-weight:400;line-height:120%"> The value of the Fund’s shares will fluctuate with changes in the value of the equity securities in which it invests. Equity securities prices fluctuate for several reasons, including changes in investors’ perceptions of the financial condition of an issuer or the general condition of the relevant equity market, such as market volatility, or when political or economic events affecting an issuer occur.</span></div> <div style="text-align:justify"><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Market Risk:</span><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-weight:400;line-height:120%"> The return on and value of your investment in the Fund will fluctuate in response to stock market movements. Stocks and other equity securities are subject to market risks and fluctuations in value due to changes in earnings, economic conditions and other factors beyond the control of the Fund.</span></div> <div style="text-align:justify"><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Management Risk:</span><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-weight:400;line-height:120%"> The Fund’s ability to achieve its investment objective depends on the ability of the Advisor to correctly identify economic trends and select stocks, particularly in volatile stock markets. Your investment in the Fund varies with the success and failure of the Advisor’s investment strategies and the Advisor’s selection of the Fund’s portfolio securities. If the Advisor’s strategies do not produce the expected results, your investment could decline in value. It is possible that the Islamic principles restrictions placed on investments and reflected in the principal investment strategies may result in the Fund not performing as well as mutual funds that are not subject to such restrictions.</span></div> <div style="text-align:justify"><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Growth Stock Risk</span><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-weight:700;line-height:120%">: </span><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-weight:400;line-height:120%">The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform value stocks and stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors.</span></div> <div style="text-align:justify"><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Value Stock Risk</span><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-weight:700;line-height:120%">: </span><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-weight:400;line-height:120%">Value stocks may continue to be undervalued by the market for extended periods, including the entire period during which the stock is held by the Fund, or the events that would cause the </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-weight:400;line-height:120%">stock price to increase may not occur as anticipated or at all. Moreover, a stock that appears to be undervalued actually may be appropriately priced at a low level.</span></div> <div style="text-align:justify"><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Market Capitalization Risk</span><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-weight:700;line-height:120%">: </span><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-weight:400;line-height:120%">Exposure to stocks of mid and/or small capitalization companies may cause the Fund to be more vulnerable to adverse general market or economic developments because such securities may be less liquid and subject to greater price volatility than those of larger, more established companies. Stocks of mid and/or small capitalization companies may be subject to more abrupt or erratic market movements than those of larger, more established companies or the market averages in general. Such companies may have limited product lines, markets or financial resources, and they may be dependent on a limited management group.</span></div> <div style="text-align:justify"><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Recent Market Events Risk: </span><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-weight:400;line-height:120%">Securities are subject to market fluctuations caused by such factors as economic, political, regulatory or market developments. Shares of the Fund could decline in value or underperform other investments due to such factors. In addition, local, regional or global events such as war, acts of terrorism, spread of infectious diseases or other public health issues, recessions, geopolitical disputes, tariffs and other restrictions on trade, sanctions, or the threat or potential of one or more of such events and developments, or other events could have a significant negative impact on the Fund and its investments.</span></div> <span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Foreign Securities Risk:</span><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-weight:700;line-height:120%"> </span>The Fund’s investments in securities of non-U.S. companies (“foreign securities”) involve risks relating to adverse political, social and economic developments abroad, as well as risks resulting from the differences between the regulations to which U.S. and non-U.S. companies and markets are subject, including changes in foreign exchange rates. Non-U.S. markets may also be less liquid and more volatile than U.S. markets. <div style="text-align:justify"><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Systems and Cybersecurity Risk</span><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-weight:700;line-height:120%">: </span><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-weight:400;line-height:120%">The Fund and the Advisor are susceptible to operational risks through breaches in cybersecurity. A breach in cybersecurity refers to both intentional and unintentional events that may cause the affected party to lose proprietary information, suffer data corruption or lose operational capacity. Such events could cause the Fund to incur regulatory penalties, reputational damage, additional compliance costs associated with corrective measures and/or financial loss. Cybersecurity breaches may involve unauthorized access to the Fund’s digital information systems through “hacking” or malicious software coding but may also result from outside attacks such as denial-of-service attacks through efforts to make network services unavailable to intended users. In addition, cybersecurity breaches of the issuers of securities in which the Fund invests or the Fund’s third-party service providers, such as its administrator, transfer agent, or custodian, as applicable, can also subject the Fund to many of the same risks associated with direct cybersecurity breaches.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-weight:400;line-height:120%">In addition, the rapid development and increasingly widespread use of artificial intelligence, including machine learning technology and generative artificial intelligence, could exacerbate these risks or result in cybersecurity incidents that implicate personal data.</span></div> <div style="text-align:justify"><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">AI Technologies Development Risk. </span><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-weight:400;line-height:120%">Artificial intelligence, including machine learning technology and generative artificial intelligence (collectively, “artificial intelligence”), is rapidly evolving. While the full extent of current or future risks related thereto is not possible to predict, artificial intelligence could significantly disrupt the business models and markets in which the Fund invests and subject the Fund or issuers in which it invests to increased competition, legal and regulatory risks and compliance costs, any of which could have a material adverse effect on the Fund or the business, financial condition and results of operations of the issuers in which it invests. The Fund, the Advisor, distributor, and other service providers, or the issuers of securities in which the Fund invests may utilize artificial intelligence technologies in business operations. It is possible that the information provided through the use of artificial intelligence could be insufficient, </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-weight:400;line-height:120%">incomplete, inaccurate or biased, or constitute infringement of third-party intellectual property rights, leading to adverse effects for a Fund, including, potentially, operational errors, cybersecurity vulnerabilities and investment losses. Moreover, technological developments in, and the increasingly widespread use of, artificial intelligence technologies may pose risks to the Advisor and the Fund. For instance, the Fund may also be exposed to competitive risks related to the adoption of artificial intelligence or other new technologies by others within industry. In addition, investments in technology systems and artificial intelligence by the Advisor may not deliver the benefits the Fund expects. The economy may be significantly impacted by the advanced development and increased regulation of artificial intelligence technologies. As artificial intelligence technologies are used more widely, the profitability and growth of a Fund’s holdings may be impacted, which could significantly impact the overall performance of the Fund. The legal and regulatory frameworks within which artificial intelligence technologies operate continue to rapidly evolve, and it is not possible to predict the full extent of current or future risks related thereto.</span></div> <div style="text-align:justify"><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Portfolio Turnover Risk</span><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-weight:700;line-height:120%">:</span><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-weight:400;line-height:120%"> High portfolio turnover may result in the Fund paying higher levels of transaction costs and may generate greater tax liabilities for shareholders. Portfolio turnover risk may cause the Fund’s performance to be less than expected.</span></div> <div style="text-align:justify"><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-style:italic;font-weight:700;line-height:115%">Concentrated Ownership Risk: </span><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-weight:400;line-height:115%">The North American Islamic Trust, Inc. (“NAIT”), an affiliate of the Advisor, owns a substantial portion of the shares of the Fund. As a result of such concentrated ownership, a substantial redemption of the Fund’s shares by NAIT could have a significant negative impact on the Fund’s net asest value, liquidity and brokerage costs. Large redemptions could also result in tax consequences to shareholders subject to tax on distributions from the Fund and impact the Fund’s ability to implement its investment strategy. While the Fund maintains certain cash and/or cash equivalents to meet redemption requests, a redemption by NAIT may cause the Fund to sell securities that it might otherwise hold. The Fund reserves the right to satisfy redemption requests in-kind in order to minimize the effect of large redemptions on the Fund and its remaining shareholders. For more information about NAIT, please refer to Management of the Fund.</span></div> <div style="text-align:justify"><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Operational Risk</span><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-weight:700;line-height:120%">:</span><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-weight:400;line-height:120%"> The Fund is exposed to operational risks arising from a number of factors, including, but not limited to, human error, processing and communication errors, errors of the Fund’s service providers, counterparties or other third parties, failed or inadequate processes and technology or systems failures. The Fund and the Advisor seek to reduce these operational risks through controls and procedures. However, these measures do not address every possible risk and may be inadequate to address significant operational risks.</span></div> Performance <div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-weight:400;line-height:120%">The following performance information indicates some of the risks of investing in the Fund by showing the variability of the Fund’s return. The bar chart illustrates how the Fund’s total return has varied from year to year. The table illustrates the Fund’s average annual total return over time compared with a broad-based securities market index. The Fund’s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available on the Fund’s website at </span><span style="color:#0000ee;font-family:'Garamond',serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline">www.investaaa.com</span><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-weight:400;line-height:120%"> and by calling 1-888-FUNDS-85.</span></div> The following performance information indicates some of the risks of investing in the Fund by showing the variability of the Fund’s return. The Fund’s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. www.investaaa.com 1-888-FUNDS-85 Calendar Year Annual Returns* <span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-weight:400;line-height:120%">The Fund’s calendar year-to-date return as of June 30, 2026 was 21.26%.</span> year-to-date return 2026-06-30 0.2126 <div style="text-align:justify"><span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-weight:400;line-height:120%">During the periods shown in the bar chart, the Fund’s highest quarterly return was 18.40% for the quarter ended March 31, 2019 and the lowest quarterly return was -22.35% for the quarter ended June 30, 2022.</span></div> highest quarterly return 0.1840 2019-03-31 lowest quarterly return -0.2235 2022-06-30 Average Annual Total Returns for the Periods ended December 31, 2025 Return Before Taxes 0.1791 0.0858 0.1246 Return After Taxes on Distributions 0.1788 0.0741 0.1071 Return After Taxes on Distributionsand Sale of Fund Shares 0.1063 0.0638 0.0966 Dow Jones Islamic MarketTM World Index (reflects no deduction for fees, expenses or taxes) (reflects no deduction for fees, expenses or taxes) 0.1938 0.1016 0.1300 <span style="color:#000000;font-family:'Garamond',serif;font-size:11pt;font-weight:400;line-height:120%">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. Furthermore, the after-tax returns shown are not relevant to those who hold their shares through tax-deferred arrangements such as 401(k) plans or IRAs.</span> After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Furthermore, the after-tax returns shown are not relevant to those who hold their shares through tax-deferred arrangements such as 401(k) plans or IRAs. The Advisor has agreed to reduce the annual rate of its advisory fee to an annual rate of 0.70% of the Fund’s daily average net assets through September 30, 2028. The Advisor may extend or otherwise amend the terms of this arrangement, subject to approval of the Fund’s Board of Trustees, including a majority of the Trustees who are not interested persons (as defined in the Investment Company Act of 1940, as amended) after the term. The Fund’s calendar year-to-date return as of June 30, 2026 was 21.26%.