Amana Mutual Funds Trust
09/30/2026 | Press release | Distributed by Public on 09/30/2026 11:20
Summary Prospectus by Investment Company (Form 497K)
Amana Mutual Funds Trust
Amana Growth ETF (the "Fund")
Supplement Dated September 30, 2026, to the Summary Prospectus and Prospectus dated June 10, 2026
NOTICE REGARDING PORTFOLIO MANAGER CHANGES
Effective September 30, 2026, the Fund's adviser instituted a three person team of portfolio managers for the Fund sharing equal say and responsibility for portfolio decisions. The Funds' portfolio managers are: Mr. Monem A. Salam, Mr. Levi Stewart Zurbrugg, and Mr. Jason S. Mitchell. Any references to deputy portfolio managers are hereby stricken.
There are no changes to the Fund's Subadviser's portfolio managers.
Effective September 30, 2026, the paragraph entitled "Portfolio Managers" for the Investment Adviser on page 14 of the Fund's Summary Prospectus is hereny striken and replaced with:
Saturna employs a team-based portfolio management structure, with teams of three managers sharing equal input and responsibility for portfolio management decisions. Mr. Monem A. Salam, MBA, executive vice president and portfolio manager at Saturna, has been a portfolio manager of the fund since September of 2026. Previously he has been a deputy portfolio manager of the Fund. Mr. Levi Stewart Zurbrugg MBA, CFA®, CPA®, a senior investment analyst and portfolio manager at Saturna, has been a portfolio manager of the fund since September of 2026. Mr. Jason S. Mitchell MBA, a senior investment analyst and portfolio manager at Saturna, has been a portfolio manager of the fund since September of 2026. Previously he has been a deputy portfolio manager of the Fund.
* * * * * *
This Supplement should be read in conjunction with the current Summary Prospectus and Prospectus identified above, each dated June 10, 2026.
PLEASE KEEP THIS SUPPLEMENT FOR FUTURE REFERENCE.
Statement of Additional Information Revisions
Effective September 30, 2026, pages 18-19 of the Funds' Statement of Additional Information are hereby striken and replaced with the following:
Portfolio Managers
All Saturna Capital employees, including Mr. Bryce R. Fegley, Mr. Monem A. Salam, Mr. Tae Han ("Simon") Kim, Mr. Jason S. Mitchell, Mr. Levi Stewart Zurbrugg, and Mr. Rajasekhar Ravishankar are paid an annual salary, as set by the board of Saturna Capital. Saturna Capital also pays bonuses that are partly dependent on the profits of Saturna Capital and may also reflect the results of specific managed accounts or specific businesses of Saturna Capital. As owners of shares and/or stock options of Saturna Capital Corporation, Messrs. Fegley, Salam, Kim, Mitchell, Zurbrugg, and Ravishankar, may benefit from any increase in its value per share that might result from its operations or profits. They may also receive dividends on shares of Saturna Capital. All Saturna Capital employees are eligible for a retirement plan, health care and other benefits, and a stock option plan. Stock options are annually awarded on the basis of years of service, and not individual performance. Mutual fund portfolio managers are compensated with salary and discretionary bonus baswed on quantitative and qualitative factors.
Saturna Capital's portfolio managers may manage multiple accounts, including mutual funds and separate accounts for individuals, investment partnerships, pension funds, and charities. Portfolio managers make investment decisions for each account based on the investment objectives, policies, practices, and other relevant investment considerations that the managers believe are applicable to that account. The management of multiple accounts may give rise to potential conflicts of interest when the accounts have similar or different objectives, benchmarks, time horizons, and fees because the portfolio manager must allocate their time and investment ideas across multiple accounts. Consequently, a manager may purchase (or sell) a security for one account and not for another. The adviser has adopted policies designed to fairly allocate securities purchased or sold on an aggregated basis. Transactions executed for one account may adversely affect the value of securities held by other accounts. Securities selected for some accounts may outperform the securities selected for others. A portfolio manager's compensation plan may give rise to potential conflicts of interest. To reduce this risk, a mutual fund portfolio manager's account performance bonus depends upon the Fund's overall Morningstar™ rating, which derives from investment results over the last three, five, and ten years. A manager's compensation tends to increase with assets under management, which in turn may increase the value of Saturna Capital Corporation.
The Remainder of this Page is Intentionally Blank
| Portfolio Managers | ||||
| Portfolio Manager: | Trust portfolios served as primary manager (assets): | Other investment company portfolios served as primary manager (assets): | Other pooled investment vehicles served as primary manager (assets): | Other accounts (assets): |
| Bryce R. Fegley |
Amana Equity Income ETF ($4,944,338) 1 Amana Growth ETF ($6,830,715)1
Amana Income Fund |
Saturna Core Fund ($43,585,641)2 |
None |
Two ($20,319,353)2 |
| Monem A. Salam |
Amana Equity Income ETF ($4,944,338)1 Amana Growth ETF ($6,830,714.70)1 Amana Developing World ETF ($4,267,197)1
Amana Income Fund
Amana Developing World Fund |
None | None |
Sixty-Six |
| Tae Han "Simon" Kim |
Amana Growth ETF ($6,830,715)1 Amana Developing World ETF1 ($4,267,196.72)
Amana Income Fund
Amana Developing World Fund |
Saturna Growth Fund
Saturna International Fund |
None |
One ($1,288,115.86)2 |
| Jason S. Mitchell |
Amana Equity Income ETF ($4,944,338)1
Amana Growth Fund |
Saturna Growth Fund ($84,754,285)2 |
Four ($77,731,686)1 |
None |
| Mr. Rajasekhar Ravishankar |
Amana Developing World ETF ($4,267,197)1
Amana Developing World Fund |
Saturna International Fund ($118,840,751)2 |
None | None |
| Levi S. Zurbrugg |
Amana Equity Income ETF ($4,944,338)1
Amana Growth Fund
Amana Developing World Fund |
Saturna International Fund ($118,840,751)2 |
Four ($77,731,686)2, 3 |
Eighteen ($66,048,436)2 |
1 Assets under management as of August 31, 2026.
2 Assets under management as of May 31, 2026.
3 Asset manmaged with a performance fee.
Portfolio Manager Ownership (as of September 25, 2026)
| Bryce R. Fegley |
Amana Growth Fund Investor Shares: $1-$10,000 Amana Growth Fund Institutional Shares: $100,001-$500,000 Amana Developing World Fund Institutional Shares: $1-$10,000 |
| Jason S. Mitchell | Amana Growth Fund Institutional Shares: $10,001-$50,000 |
| Tae Han "Simon" Kim | None |
| Rajasekhar Ravishankar | None |
| Monem A. Salam |
Amana Income Fund Investor Shares: $1-$10,000 Amana Income Fund Institutional Shares: over $1,000,000 Amana Growth Fund Investor Shares: $100,001-$500,000 Amana Growth Fund Institutional Shares: over $1,000,000 Amana Developing World Fund Investor Shares: $10,001-$50,000 Amana Developing World Fund Institutional Shares: $100,001-$500,000 Amana Participation Fund Investor Shares $1-$10,000 Amana Participation Fund Institutional Shares $10,001-$50,000 |
| Levi Stewart Zurbrugg |
Amana Growth Fund Investor Shares: $1-$10,000 Amana Growth Fund Institutional Shares: $100,001-$500,000 Amana Developing World Fund Institutional Shares: $10,001-$50,000 |
Amana Mutual Funds Trust published this content on September 30, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on September 30, 2026 at 17:20 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]