Schedule
of
Investments
As
of
August
31,
2026
Amana
Income
Fund
August
31,
2026
Part
F
1
{Unaudited}
Continued
on
next
page.
Common
Stock
-
93.3%
Number
of
Shares
Market
Value
Percentage
of
Net
Assets
Consumer
Discretionary
Apparel,
Footwear
&
Acc
Design
Nike,
Class
B
570,000
$
22,264,200
1.0%
Home
Products
Stores
Home
Depot
110,000
36,061,300
1.5%
58,325,500
2.5%
Consumer
Staples
Packaged
Food
Danone
415,000
30,949,594
1.3%
Personal
Care
Products
Colgate-Palmolive
510,000
45,808,200
1.9%
Kenvue
1,675,000
31,624,000
1.3%
Kimberly-Clark
300,000
32,385,000
1.4%
Unilever
Plc
900,000
58,365,000
2.5%
168,182,200
7.1%
199,131,794
8.4%
Health
Care
Large
Pharma
AbbVie
230,000
58,976,600
2.5%
Eli
Lilly
193,555
223,890,875
9.5%
Johnson
&
Johnson
240,000
63,804,000
2.7%
Merck
&
Co
180,000
26,596,800
1.1%
Novartis
ADR
295,400
44,918,524
1.9%
418,186,799
17.7%
Medical
Devices
Abbott
Laboratories
350,000
38,626,000
1.6%
456,812,799
19.3%
Industrials
Commercial
&
Residential
Building
Equipment
&
Systems
Johnson
Controls
International
550,000
76,032,000
3.2%
Construction
&
Mining
Machinery
Komatsu
Ltd
1,150,000
53,202,622
2.2%
Courier
Services
United
Parcel
Service,
Class
B
340,000
35,438,200
1.5%
Diversified
Industrials
Illinois
Tool
Works
300,000
82,611,000
3.5%
Electrical
Power
Equipment
Schneider
Electric
SE
180,000
61,613,284
2.6%
Industrial
Wholesale
&
Rental
Ferguson
Enterprises
235,000
52,759,850
2.3%
W.W.
Grainger
80,000
104,759,200
4.4%
157,519,050
6.7%
Measurement
Instruments
Rockwell
Automation
300,000
127,329,000
5.4%
Rail
Freight
Canadian
National
Railway
400,000
49,900,000
2.1%
643,645,156
27.2%
Materials
Basic
&
Diversified
Chemicals
Air
Products
&
Chemicals
160,000
49,513,600
2.1%
Schedule
of
Investments
As
of
August
31,
2026
Amana
Income
Fund
2
August
31,
2026
Part
F
{Unaudited}
Common
Stock
-
93.3%
Number
of
Shares
Market
Value
Percentage
of
Net
Assets
Materials
(continued)
Basic
&
Diversified
Chemicals
(continued)
Linde
130,000
$
63,645,400
2.7%
113,159,000
4.8%
Cement
&
Aggregates
CRH
PLC
523,500
49,360,815
2.1%
162,519,815
6.9%
Technology
Communications
Equipment
Cisco
Systems
800,000
88,392,000
3.7%
Consumer
Electronics
Nintendo
750,000
42,291,065
1.8%
Infrastructure
Software
Microsoft
321,370
163,027,788
6.9%
Semiconductor
Devices
Broadcom
300,000
111,102,000
4.7%
Texas
Instruments
250,000
65,227,500
2.8%
176,329,500
7.5%
Semiconductor
Manufacturing
Taiwan
Semiconductor
ADR
518,800
215,468,016
9.1%
685,508,369
29.0%
Total
Common
Stock
(Cost
$889,364,689)
$2,205,943,433
93.3%
Bank
Time
Deposits
-
3.4%
Coupon
/
Maturity
Face
Amount
Market
Value
Percentage
of
Net
Assets
Bank
Time
Deposits
Kuwait
Finance
House
3.950%
due
09/08/2026
$
25,000,000
25,000,000
1.0%
Bank
ABC
3.740%
due
09/21/2026
25,000,000
25,000,000
1.1%
Kuwait
Finance
House
4.100%
due
09/28/2026
30,000,000
30,000,000
1.3%
Total
Bank
Time
Deposits
(Cost
$80,000,000)
$80,000,000
3.4%
Total
investments
(Cost
$969,364,689)
$2,285,943,433
96.7%
Other
assets
(net
of
liabilities)
77,706,425
3.3%
Total
net
assets
$2,363,649,858
100.0%
ADR:
American
Depositary
Receipt
Schedule
of
Investments
As
of
August
31,
2026
Amana
Growth
Fund
August
31,
2026
Part
F
3
{Unaudited}
Continued
on
next
page.
Common
Stock
-
97.1%
Number
of
Shares
Market
Value
Percentage
of
Net
Assets
Communications
Internet
Media
&
Services
Alphabet,
Class
A
1,264,100
$
428,972,335
6.4%
Consumer
Discretionary
Automotive
Retailers
AutoZone
1
31,070
92,937,827
1.4%
Home
Products
Stores
Lowe's
465,800
95,349,260
1.4%
Specialty
Apparel
Stores
TJX
Companies
1,150,000
153,996,500
2.3%
342,283,587
5.1%
Consumer
Staples
Personal
Care
Products
Church
&
Dwight
1,318,950
131,604,831
2.0%
Health
Care
Large
Pharma
AbbVie
750,000
192,315,000
2.9%
AstraZeneca
PLC
535,000
86,739,550
1.3%
Eli
Lilly
251,150
290,512,740
4.3%
569,567,290
8.5%
Medical
Devices
Smith
&
Nephew
2,332,728
33,382,026
0.5%
Stryker
525,500
170,156,900
2.6%
203,538,926
3.1%
Specialty
&
Generic
Pharma
Sandoz
Group
AG
825,000
69,316,710
1.0%
842,422,926
12.6%
Industrials
Commercial
&
Residential
Building
Equipment
&
Systems
Johnson
Controls
International
1,343,165
185,679,130
2.8%
Trane
395,920
175,946,848
2.6%
361,625,978
5.4%
Construction
&
Mining
Machinery
United
Rentals
Inc
72,240
74,985,120
1.1%
Electrical
Power
Equipment
Schneider
Electric
SE
431,700
147,769,193
2.2%
Fabricated
Metal
&
Hardware
Prysmian
S.P.A
1,160,000
162,148,411
2.4%
Metalworking
Machinery
Lincoln
Electric
Holdings
373,720
105,101,276
1.6%
Waste
Management
Waste
Management
588,700
128,878,204
2.0%
980,508,182
14.7%
Schedule
of
Investments
As
of
August
31,
2026
Amana
Growth
Fund
4
August
31,
2026
Part
F
{Unaudited}
Common
Stock
-
97.1%
Number
of
Shares
Market
Value
Percentage
of
Net
Assets
Information
Technology
Application
Software
Constellation
Software
Inc.
30,631
$
69,369,120
1.0%
Semiconductor
Mfg
Applied
Materials
Inc
240,000
110,013,600
1.7%
179,382,720
2.7%
Materials
Cement
&
Aggregates
CRH
PLC
939,450
88,580,740
1.3%
Technology
Communications
Equipment
Apple
1,632,085
517,126,132
7.7%
Cisco
Systems
1,085,620
119,950,154
1.8%
Fujikura
Ltd
5,100,000
173,946,817
2.6%
811,023,103
12.1%
Infrastructure
Software
Microsoft
735,000
372,858,150
5.6%
Oracle
720,450
107,433,504
1.6%
ServiceNow
1
1,607,200
237,849,528
3.5%
718,141,182
10.7%
Semiconductor
Devices
Advanced
Micro
Devices
1
500,000
235,360,000
3.5%
Broadcom
1,088,015
402,935,475
6.1%
Nvidia
2,100,000
463,638,000
7.0%
1,101,933,475
16.6%
Semiconductor
Manufacturing
ASML
Holding
NY
237,770
403,260,298
6.0%
Taiwan
Semiconductor
ADR
1,105,356
459,076,454
6.9%
862,336,752
12.9%
3,493,434,512
52.3%
Total
Common
Stock
(Cost
$2,489,216,514)
$6,487,189,833
97.1%
Bank
Time
Deposits
-
0.8%
Coupon
/
Maturity
Face
Amount
Market
Value
Percentage
of
Net
Assets
Bank
Time
Deposits
Kuwait
Finance
House
3.950%
due
09/08/2026
$
18,750,000
18,750,000
0.2%
Bank
ABC
3.740%
due
09/21/2026
18,750,000
18,750,000
0.3%
Kuwait
Finance
House
4.100%
due
09/28/2026
18,750,000
18,750,000
0.3%
Total
Bank
Time
Deposits
(Cost
$56,250,000)
$56,250,000
0.8%
Total
investments
(Cost
$2,545,466,514)
$6,543,439,833
97.9%
Other
assets
(net
of
liabilities)
142,025,303
2.1%
Total
net
assets
$6,685,465,136
100.0%
1
Non-income
producing
ADR:
American
Depositary
Receipt
Consolidated
Schedule
of
Investments
As
of
August
31,
2026
Amana
Participation
Fund
August
31,
2026
Part
F
5
{Unaudited}
Continued
on
next
page.
Corporate
Sukuk
-
82.6%
Coupon
/
Maturity
Face
Amount
Market
Value
Percentage
of
Net
Assets
Communications
Saudi
Telecom
3.890%
due
05/13/2029
$
5,000,000
$
4,853,436
Saudi
Arabia
1.5%
Axiata
SPV2
2.163%
due
08/19/2030
5,000,000
4,482,030
Malaysia
1
1.4%
Otel
Sukuk
LTD
5.375%
due
01/24/2031
3,269,000
3,265,568
Cayman
Islands
1.0%
Al
Jawaher
Assets
4.662%
due
10/29/2030
3,000,000
2,919,377
Oman
0.9%
STC
Sukuk
Co
II
Ltd
5.083%
due
01/15/2036
1,000,000
979,042
Cayman
Islands
0.3%
STC
Sukuk
Co
II
Ltd
4.489%
due
01/15/2031
500,000
488,300
Cayman
Islands
0.2%
16,987,753
5.3%
Consumer
Staples
Almarai
Sukuk
5.233%
due
07/25/2033
7,380,000
7,367,777
Saudi
Arabia
2.3%
Almarai
Sukuk
Ltd
4.450%
due
09/24/2030
2,000,000
1,944,503
Cayman
Islands
0.6%
MAF
Sukuk
Ltd
4.875%
due
10/22/2035
1,000,000
954,526
Cayman
Islands
0.3%
10,266,806
3.2%
Energy
EDO
Sukuk
Ltd
5.662%
due
07/03/2031
7,500,000
7,614,210
Cayman
Islands
2.4%
SA
Global
2.694%
due
06/17/2031
7,500,000
6,706,043
Saudi
Arabia
1
2.1%
Indonesia
Govt
Sukuk
5.200%
due
07/23/2035
1,000,000
982,500
Indonesia
0.3%
SA
Global
Sukuk
Ltd
4.750%
due
10/02/2034
1,000,000
957,459
Cayman
Islands
0.3%
SA
Global
Sukuk
Ltd
4.625%
due
09/17/2035
1,000,000
941,521
Cayman
Islands
0.3%
EDO
Sukuk
Ltd
5.14
5.140%
due
01/22/2036
500,000
485,760
Cayman
Islands
0.1%
17,687,493
5.5%
Financials
Al
Rajhi
Sukuk
6.375%
due
11/16/2049
9,500,000
9,384,512
Saudi
Arabia
2.9%
SAIB
Tier
1
Sukuk
Ltd
6.375%
due
11/27/2049
9,000,000
9,131,325
Cayman
Islands
2.8%
KFH
Tier
1
Sukuk
2
Ltd
6.250%
due
11/20/2051
8,000,000
7,987,252
Cayman
Islands
2.5%
Aercap
Sukuk
Ltd
4.500%
due
10/03/2029
8,000,000
7,825,970
Cayman
Islands
2.4%
BAB
USD
AT1
Sukuk
Ltd
6.375%
due
01/15/2051
7,500,000
7,506,215
Cayman
Islands
2.3%
Emirates
REIT
Sukuk
III
7.500%
due
12/12/2028
7,000,000
7,020,241
Cayman
Islands
2.2%
SIB
Tier
1
Sukuk
6.125%
due
06/04/2050
5,000,000
5,052,853
Cayman
Islands
1.6%
Ajman
Senior
Sukuk
Ltd
5.125%
due
04/30/2030
5,000,000
4,972,125
Cayman
Islands
1.5%
ADIB
Capital
Invest
Three
7.250%
due
07/18/2070
4,550,000
4,618,473
Cayman
Islands
1.4%
Alinma
Bank
6.250%
due
09/03/2050
4,100,000
4,111,222
Saudi
Arabia
1.3%
DIB
Tier
1
Sukuk
6
5.250%
due
10/16/2049
3,980,000
3,966,300
Cayman
Islands
1.2%
BSF
Sukuk
Co
Ltd
5.375%
due
01/21/2030
3,500,000
3,542,478
Cayman
Islands
1.1%
Alpha
Star
HO
IX
Ltd
7.000%
due
08/26/2028
3,500,000
3,470,024
United
Arab
Emirates
1.1%
EI
Sukuk
Co
Ltd
5.431%
due
05/28/2029
3,000,000
3,017,571
Cayman
Islands
0.9%
Al
Rajhi
Tier
1
Sukuk
6.150%
due
01/14/2051
3,000,000
2,997,305
Saudi
Arabia
0.9%
Banque
Saudi
Fransi
4.750%
due
05/31/2028
2,500,000
2,491,857
Saudi
Arabia
0.8%
SIB
Sukuk
Co
III
Ltd
5.200%
due
02/26/2030
2,280,000
2,277,704
Cayman
Islands
0.7%
SRC
Sukuk
Ltd
5.000%
due
02/27/2028
2,250,000
2,252,412
Cayman
Islands
0.7%
Dubai
Islamic
Bank
5.493%
due
11/30/2027
2,000,000
2,020,432
United
Arab
Emirates
1
0.6%
EI
Sukuk
Co
Ltd
5.059%
due
03/25/2030
2,000,000
1,999,319
Cayman
Islands
0.6%
Khazanah
Global
Sukuk
4.687%
due
06/01/2028
2,000,000
1,997,784
Malaysia
0.6%
QIIB
Tier
1
Sukuk
Ltd
5.450%
due
10/02/2049
2,000,000
1,975,105
Qatar
0.6%
Aldar
Investment
Prop
Sukuk
5.250%
due
03/25/2035
2,000,000
1,958,413
Cayman
Islands
0.6%
Alinma
Tier
1
Sukuk
Ltd
6.500%
due
09/06/2049
1,960,000
1,946,429
Cayman
Islands
0.6%
Boubyan
Sukuk
Ltd
3.389%
due
03/29/2027
1,600,000
1,589,905
Cayman
Islands
0.5%
Suci
Second
Invest
Co
2033
6.250%
due
10/25/2033
1,500,000
1,581,432
Cayman
Islands
0.5%
FAB
Sukuk
Company
LTD
5.153%
due
01/16/2030
1,500,000
1,509,501
Cayman
Islands
0.5%
QIIB
Senior
ORYX
Ltd
5.247%
due
01/24/2029
1,500,000
1,509,441
Cayman
Islands
0.5%
Consolidated
Schedule
of
Investments
As
of
August
31,
2026
Amana
Participation
Fund
6
August
31,
2026
Part
F
{Unaudited}
Continued
on
next
page.
Corporate
Sukuk
-
82.6%
Coupon
/
Maturity
Face
Amount
Market
Value
Percentage
of
Net
Assets
Financials
(continued)
Riyad
Sukuk
6.209%
due
07/14/2035
$
1,500,000
$
1,509,170
Cayman
Islands
0.5%
Suci
Second
Invest
Co
4.875%
due
05/08/2032
1,500,000
1,468,483
Saudi
Arabia
0.5%
Adnoc
Murban
Sukuk
Ltd
4.750%
due
05/06/2035
1,500,000
1,465,097
United
Arab
Emirates
0.5%
Suci
Second
Invest
Co
2036
5.133%
due
01/28/2036
1,500,000
1,464,266
Cayman
Islands
0.4%
Boubyan
Tier
1
Sukuk
Ltd
3.950%
due
04/01/2049
1,150,000
1,144,250
Cayman
Islands
0.4%
Riyad
T1
Sukuk
Ltd
5.500%
due
10/03/2049
1,050,000
1,030,285
Cayman
Islands
0.3%
Suci
Second
Invest
Co
2028
6.000%
due
10/25/2028
1,000,000
1,020,540
Cayman
Islands
0.3%
SRC
Sukuk
Ltd
5.375%
due
02/27/2035
1,000,000
996,283
Cayman
Islands
0.3%
Aldar
Investment
Prop
Sukuk
5.500%
due
05/16/2034
1,000,000
993,865
Cayman
Islands
0.3%
DAE
Sukuk
DIFC
4.500%
due
10/16/2030
1,000,000
967,644
United
Arab
Emirates
0.3%
Boubyan
Sukuk
Ltd
4.973%
due
06/04/2030
750,000
744,095
Cayman
Islands
0.2%
Apicorp
Sukuk
Ltd
4.686%
due
06/16/2031
500,000
495,169
Cayman
Islands
0.2%
QIB
Sukuk
LTD
4.485
4.485%
due
09/17/2029
500,000
492,158
Cayman
Islands
0.1%
123,504,905
38.2%
Industrials
DP
World
Crescent
Ltd
5.500%
due
09/13/2033
7,000,000
6,933,975
Cayman
Islands
2.1%
Ma'aden
Sukuk
Ltd
5.250%
due
02/13/2030
4,790,000
4,781,114
Cayman
Islands
1.5%
DP
World
Crescent
3.750%
due
01/30/2030
5,000,000
4,730,880
United
Arab
Emirates
1
1.5%
Ma'aden
Sukuk
Ltd
5.500%
due
02/13/2035
2,500,000
2,485,940
Cayman
Islands
0.8%
EDO
Sukuk
Ltd
5.875
5.875%
due
09/21/2033
2,000,000
2,042,940
Cayman
Islands
0.6%
SA
Global
Sukuk
Ltd
4.250%
due
10/02/2029
1,500,000
1,465,292
Cayman
Islands
0.4%
DP
World
Crescent
Ltd
3.875%
due
07/18/2029
1,000,000
956,740
Cayman
Islands
0.3%
Bapco
Energies
Sukuk
Ltd
6.250%
due
01/29/2035
1,000,000
953,868
Cayman
Islands
0.3%
24,350,749
7.5%
Materials
Equate
Sukuk
SPC
Ltd
5.000%
due
09/05/2031
8,500,000
8,437,481
United
Arab
Emirates
2.6%
Real
Estate
Aldar
3.875%
due
10/22/2029
7,500,000
7,192,601
United
Arab
Emirates
1
2.2%
Dar
Al-Arkan
Sukuk
Co
Lt
8.000%
due
02/25/2029
7,000,000
7,090,643
Cayman
Islands
2.2%
Alpha
Star
Holding
8.375%
due
04/12/2027
6,550,000
6,576,062
United
Arab
Emirates
2.0%
Majid
Al
Futtaim
4.638%
due
05/14/2029
6,650,000
6,549,072
United
Arab
Emirates
1
2.0%
EMAAR
3.700%
due
07/06/2031
6,000,000
5,601,457
United
Arab
Emirates
1
1.7%
Dar
Al-Arkan
Sukuk
Co
Lt
7.250%
due
07/02/2030
2,500,000
2,483,321
Cayman
Islands
0.8%
MAF
SUKUK
5.000%
due
06/01/2033
2,500,000
2,446,850
Cayman
Islands
0.8%
37,940,006
11.7%
Utilities
National
Central
Cooling
5.279%
due
03/05/2030
7,500,000
7,512,947
United
Arab
Emirates
1
2.3%
Saudi
Electricity
Sukuk
5.225%
due
02/18/2030
4,000,000
4,012,733
Cayman
Islands
1.2%
TNB
Global
Ventures
4.851%
due
11/01/2028
3,300,000
3,301,478
Malaysia
1
1.0%
Saudi
Electricity
Global
5.684%
due
04/11/2053
2,500,000
2,400,333
Saudi
Arabia
1
0.7%
Saudi
Electricity
Global
5.500%
due
04/08/2044
2,400,000
2,308,605
Saudi
Arabia
1
0.7%
Mazoon
Assets
Co
SAOC
5.500%
due
02/14/2029
2,140,000
2,142,568
Oman
0.7%
Saudi
Electricity
Sukuk
5.489%
due
02/18/2035
2,000,000
2,004,775
Cayman
Islands
0.6%
Saudi
Electricity
4.518%
due
01/22/2032
1,500,000
1,449,280
Cayman
Islands
0.5%
TNB
Global
Ventures
Cap
3.244%
due
10/19/2026
1,140,000
1,138,284
Malaysia
0.4%
Consolidated
Schedule
of
Investments
As
of
August
31,
2026
Amana
Participation
Fund
August
31,
2026
Part
F
7
{Unaudited}
Corporate
Sukuk
-
82.6%
Coupon
/
Maturity
Face
Amount
Market
Value
Percentage
of
Net
Assets
Utilities
(continued)
Saudi
Electricity
5.065%
due
01/22/2036
$
1,000,000
$
966,538
Cayman
Islands
0.3%
Saudi
Electricity
Global
5.060%
due
04/08/2043
500,000
461,965
Saudi
Arabia
1
0.2%
27,699,506
8.6%
Total
Corporate
Sukuk
(Cost
$270,475,665)
$266,874,699
82.6%
Government
Sukuk
-
12.4%
Coupon
/
Maturity
Face
Amount
Market
Value
Percentage
of
Net
Assets
Government
Hazine
Mustesarligi
Varl
6.500%
due
04/26/2030
5,000,000
5,001,576
Turkey
1.5%
Perusahaan
Penerbit
SBSN
5.600%
due
11/15/2033
4,000,000
4,039,120
Indonesia
1.3%
KSA
Sukuk
LTD
4.511%
due
05/22/2033
3,500,000
3,369,097
Cayman
Islands
1.0%
Perusahaan
Penerbit
SBSN
3.550%
due
06/09/2051
4,280,000
2,846,243
Indonesia
0.9%
KSA
Sukuk
LTD
5.250%
due
06/04/2034
2,650,000
2,646,112
Cayman
Islands
0.8%
Oman
Sovereign
Sukuk
4.875%
due
06/15/2030
2,650,000
2,634,496
Oman
0.8%
Perusahaan
Penerbit
SBSN
2.550%
due
06/09/2031
2,700,000
2,413,152
Indonesia
0.7%
Kingdom
of
Saudi
Arabia
4.303%
due
01/19/2029
2,200,000
2,172,219
Saudi
Arabia
1
0.7%
Saudi
Government
Sukuk
2036
5.590%
due
04/25/2036
8,000,000
2,108,420
Saudi
Arabia
0.7%
RAK
Capital
5.000%
due
03/12/2035
1,500,000
1,485,187
Cayman
Islands
0.5%
CBB
INTL
SUKUK
PROG
WLL
3.875%
due
05/18/2029
1,500,000
1,398,770
Bahrain
0.4%
KSA
Sukuk
LTD
5.250%
due
06/04/2030
1,250,000
1,260,341
Cayman
Islands
0.4%
Cbb
Intl
Sukuk
Prog
WLL
6.250%
due
07/07/2033
1,200,000
1,171,856
Bahrain
0.4%
KSA
IJARAH
Sukuk
Ltd
4.875%
due
09/09/2035
1,200,000
1,161,330
Cayman
Islands
0.4%
Hazine
Mustesarligi
Varl
8.509%
due
01/14/2029
1,000,000
1,049,740
Turkey
0.3%
Sharjah
Sukuk
Program
6.092%
due
03/19/2034
1,000,000
1,032,496
Cayman
Islands
0.3%
CBB
Intl
Sukuk
Prog
WLL
5.875%
due
06/05/2032
1,000,000
964,139
Bahrain
0.3%
Sharjah
Sukuk
Program
3.886%
due
04/04/2030
1,000,000
952,129
Cayman
Islands
0.3%
Sharjah
Sukuk
Program
3.234%
due
10/23/2029
1,000,000
939,408
Cayman
Islands
0.3%
Sharjah
Sukuk
Program
3.200%
due
07/13/2031
750,000
678,036
Cayman
Islands
0.2%
Saudi
Government
Sukuk
2029
3.900%
due
01/23/2029
2,500,000
645,126
Saudi
Arabia
0.2%
Total
Government
Sukuk
(Cost
$41,269,664)
$39,968,993
12.4%
Total
investments
(Cost
$311,745,329)
$306,843,692
95.0%
Other
assets
(net
of
liabilities)
16,260,736
5.0%
Total
net
assets
$323,104,428
100.0%
1
Denotes
a
country
or
region
of
primary
exposure
Notes
To
Financial
Statements
8
August
31,
2026
Part
F
Note
1
–
Organization
Amana
Mutual
Funds
Trust
(the
“Trust”)
was
organized
as
a
Delaware
Statutory
Trust
on
March
11,
2013,
and
is
the
successor
to
Amana
Mutual
Funds
Trust,
an
Indiana
Business
Trust
organized
on
July
26,
1984,
pursuant
to
a
reorganization
on
July
19,
2013.
Note
2
–
Significant
Accounting
Policies
Security
valuation:
Investments
in
securities
traded
on
a
national
securities
exchange
and
over-the-counter
securities
for
which
sale
prices
are
available
are
valued
at
that
price.
Securities
for
which
there
are
no
sales
are
valued
at
latest
bid
price.
Foreign
markets
may
close
before
the
time
as
of
which
the
Funds’
share
prices
are
determined.
Because
of
this,
events
occurring
after
the
close
and
before
the
determination
of
the
Funds’
share
prices
may
have
a
material
effect
on
the
values
of
some
or
all
of
the
Funds’
foreign
securities.
To
account
for
this,
the
Funds
may
use
outside
pricing
services
for
valuation
of
their
non-US
securities.
In
cases
in
which
there
is
not
a
readily
available
market
price,
a
fair
value
for
such
security
is
determined
in
good
faith
by
the
Adviser,
whom
the
Board
of
Trustees
has
designated
as
the
Funds’
valuation
designee
to
perform
fair
value
determinations
relating
to
all
Fund
investments.
Security
transactions
are
recorded
on
trade
date.
Realized
gains
and
losses
on
sales
of
securities
are
recorded
on
the
identified
cost
basis.
Sukuk
certificates
in
which
the
Participation
Fund
invests
are
valued
based
on
evaluated
prices
supplied
by
an
independent
pricing
service,
which
include
valuations
provided
by
market
makers
and
other
participants,
provided
that
there
is
sufficient
market
activity
on
which
the
pricing
service
can
base
such
valuations.
Where
market
activity
is
insufficient
for
making
such
determinations,
the
independent
pricing
service
uses
proprietary
valuation
methodologies
and
may
consider
a
variety
of
factors,
such
as
yield
curves,
credit
spreads,
estimated
default
rates,
anticipated
market
interest
rate
volatility,
coupon
rates,
and
other
factors
in
order
to
calculate
the
security’s
fair
value.
Bank
time
deposits
are
accounted
for
on
cost
basis,
which
approximates
market
value.
Bank
time
deposits
will
be
categorized
as
Fair
Value
Level
2.
Fair
Value
Measurements
Disclosure:
Accounting
Standards
Codification
(ASC)
820
establishes
a
three-
tier
framework
for
measuring
fair
value
based
on
a
hierarchy
of
inputs.
The
hierarchy
distinguishes
between
market
data
obtained
from
independent
sources
(observable
inputs)
and
the
Funds’
own
market
assumptions
(unobservable
inputs).
These
inputs
are
used
in
determining
the
value
of
the
Funds’
investments
and
are
summarized
below.
Level
1
−
Unadjusted
quoted
prices
in
active
markets
for
identical
assets
or
liabilities
that
the
Trust
has
the
ability
to
access.
Level
2
−
Observable
inputs
other
than
quoted
prices
in
Level
1
that
are
observable
for
the
asset
or
liability,
either
directly
or
indirectly.
These
inputs
may
include
quoted
prices
for
the
identical
instrument
on
an
inactive
market,
prices
for
similar
instruments,
interest
rates,
prepayment
speeds,
credit
risk,
yield
curves,
default
rates,
and
similar
data.
Level
3
−
Unobservable
inputs
for
the
asset
or
liability,
to
the
extent
relevant
observable
inputs
are
not
available,
representing
the
Trust’s
own
assumptions
about
the
assumptions
a
market
participant
would
use
in
valuing
the
asset
or
liability,
and
would
be
based
on
the
best
information
available.
The
availability
of
observable
inputs
can
vary
from
security
to
security
and
is
affected
by
a
wide
variety
of
factors,
including,
for
example,
the
type
of
security,
whether
the
security
is
new
and
not
yet
established
in
the
marketplace,
the
liquidity
of
markets,
and
other
characteristics
particular
to
the
security.
To
the
extent
that
valuation
is
based
on
models
or
inputs
that
are
less
observable
or
unobservable
in
the
market,
the
determination
of
fair
value
requires
more
judgment.
Accordingly,
the
degree
of
judgment
exercised
in
determining
fair
value
is
greatest
for
instruments
categorized
in
Level
3.
The
inputs
used
to
measure
fair
value
may
fall
into
different
levels
of
the
fair
value
hierarchy.
In
such
cases,
for
disclosure
purposes,
the
level
in
the
fair
value
hierarchy
within
which
the
fair
value
measurement
falls
in
its
entirety,
is
determined
based
on
the
lowest
level
input
that
is
significant
to
the
fair
value
measurement
in
its
entirety.
The
inputs
or
methodology
used
for
valuing
securities
are
not
necessarily
an
indication
of
the
risk
associated
with
investing
in
those
securities.
The
following
is
a
summary
of
the
inputs
used
as
of
August
31,
2026
,
in
valuing
the
Funds’
investments
carried
at
fair
value:
Share
Valuation
Inputs
as
of
August
31,
2026
Level
1
Level
2
Level
3
Funds
Quoted
Price
Significant
Observable
Input
Significant
Unobservable
Input
Total
Income
Fund
Bank
Time
Deposits
1
$–
$80,000,000
$–
$80,000,000
Common
Stock
Consumer
Discretionary
$58,325,500
$–
$–
$58,325,500
Consumer
Staples
$168,182,200
$30,949,594
$–
$199,131,794
Health
Care
$456,812,799
$–
$–
$456,812,799
Industrials
$528,829,250
$114,815,906
$–
$643,645,156
Materials
$162,519,815
$–
$–
$162,519,815
Technology
$643,217,304
$42,291,065
$–
$685,508,369
Total
Common
Stock
$2,017,886,868
$188,056,565
$–
$2,205,943,433
Total
Assets
$2,017,886,868
$268,056,565
$–
$2,285,943,433
Notes
To
Financial
Statements
(continued)
August
31,
2026
Part
F
9
Growth
Fund
Bank
Time
Deposits
1
$–
$56,250,000
$–
$56,250,000
Common
Stock
Communications
$428,972,335
$–
$–
$428,972,335
Consumer
Discretionary
$342,283,587
$–
$–
$342,283,587
Consumer
Staples
$131,604,831
$–
$–
$131,604,831
Health
Care
$739,724,190
$102,698,736
$–
$842,422,926
Industrials
$670,590,578
$309,917,604
$–
$980,508,182
Information
Technology
$179,382,720
$–
$–
$179,382,720
Materials
$88,580,740
$–
$–
$88,580,740
Technology
$3,319,487,695
$173,946,817
$–
$3,493,434,512
Total
Common
Stock
$5,900,626,676
$586,563,157
$–
$6,487,189,833
Total
Assets
$5,900,626,676
$642,813,157
$–
$6,543,439,833
Developing
World
Fund
Bank
Time
Deposits
1
$–
$2,000,000
$–
$2,000,000
Common
Stock
Communications
$1,749,600
$5,581,021
$–
$7,330,621
Consumer
Staples
$6,358,153
$15,409,250
$–
$21,767,403
Financials
$–
$6,983,248
$–
$6,983,248
Health
Care
$–
$15,687,814
$–
$15,687,814
Industrials
$–
$7,426,833
$–
$7,426,833
Materials
$26,701,484
$19,711,467
$–
$46,412,951
Technology
$41,454,019
$37,467,497
$–
$78,921,516
Utilities
$–
$7,784,215
$–
$7,784,215
Total
Common
Stock
$76,263,256
$116,051,345
$–
$192,314,601
Total
Assets
$76,263,256
$118,051,345
$–
$194,314,601
Participation
Fund
Corporate
Sukuk
1
$–
$266,874,699
$–
$266,874,699
Government
Sukuk
1
$–
$39,968,993
$–
$39,968,993
Total
Assets
$–
$306,843,692
$–
$306,843,692
1
See
the
Schedule
of
Investments
for
additional
details.
Note
2
–
Significant
Accounting
Policies
(continued)