Growth Fund: AMAGX (Inception: Feb. 3, 1994) The Amana Developing World Fund: AMDWX (Inception: Sept. 28, 2009) Organization and structure Saturna Capital Corporation is the investment adviser and administrator of the Amana Mutual Funds Trust and the Saturna Investment Trust. Saturna Capital Corporation, established in 1989, is administrator to $3.8 billion in assets under management as of September 2012. Saturna Sdn. Bhd., located in Kuala Lumpur, Malaysia is a wholly owned subsidiary of Saturna Capital Corporation. Saturna Brokerage Services is the distributor of the Amana Funds Trust and is a wholly owned subsidiary of Saturna Capital Corporation. Saturna Trust Company, headquartered in Reno, NV is a wholly owned subsidiary of Saturna Capital Corporation. Board of Trustees and Officers Independent Trustees: Talat M. Othman, Chairman (since 2001) Iqbal Unus, Ph.D. (since 1989) Miles Davis, Ph.D. (since 2008) M. Yaqub Mirza, Ph.D. (since 2009, also 1987 to 2003) Ronald H. Fielding, MA, MBA, CFA (since 2012) Interested Trustee: Nicholas F. Kaiser, CFA, Trustee (since 1989) Officers who are not trustees: Jane Carten, MBA, Vice President (since 2012) Christopher R. Fankhauser, Treasurer (since 2002) Ethel B. Bartholome, Secretary (since 2003) History The concept for the Amana Funds emerged in 1984 when two members of the North American Islamic Trust, Yaqub Mirza and Bassam Osman, presented the idea of a mutual fund for Muslim investors to Nicholas Kaiser, who was then portfolio manager of multiple mutual funds at Unified Management Corporation, based in Indianapolis, Indiana. Portfolio Managers The Amana Funds' portfolios have been managed since 1989 by Nicholas Kaiser, MBA, CFA, (Chairman and controlling shareowner of the Amana Funds’ Adviser, Saturna Capital Corporation). Mr. Kaiser founded Saturna Capital in 1989 after selling his controlling interest in Unified Management Corporation. His educational background includes an economics degree from Yale College and a master's degree in business administration from the University of Chicago (1968) with dual majors in economics and finance. Scott Klimo, CFA, has been the deputy portfolio manager of the Amana Funds since 2012. Mr. Klimo joined Saturna Capital, adviser to the Amana Funds, as director of research in 2012. He holds a BA in Asian Studies from Hamilton College, Clinton, NY, and attended the Chinese University of Hong Kong and the Mandarin Training Center, Taipei, Taiwan. Alumni Amana's past board membership has included the following interesting individuals: Yaqub Mirza, co-founder, trustee 1986–2003. Jamal M. Barzinji, trustee, 1984–2001. Abdul Wahab, trustee, 2005–2012. Abid Malik,