IMPORTANT DISCLOSURES

The performance data quoted represents past performance, which is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and principal value of an investment in the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. To obtain recent month end performance, call 888-350-3369.

Azzad Asset Management (the “Adviser”) has contractually agreed to limit the total operating expenses of the Azzad Ethical Fund to 0.99% through 12/1/2023 and Azzad Wise Capital Fund to 1.29% through 12/01/2023, excluding indirect expenses. The gross expense ratio for the previous fiscal year ending 6/30/2018 was 1.15% for Azzad Ethical Fund and 1.44% for Azzad Wise Capital Fund. Absent this arrangement, the performance shown would have been lower. For more detailed information on fund expenses, please see the fund’s prospectus.

The Russell MidCap© Growth Index measures the performance of the mid cap growth segment of the U.S. equity universe. It includes those Russell MidCap® Index companies with higher price to book ratios and higher forecasted growth values. Russell Investment Group is the source and owner of the Russell Index data contained or reflected in this material and all trademarks and copyrights related thereto. Russell Investment Group is not responsible for the formatting or configuration of this material or for any inaccuracy in Azzad Asset Management’s presentation thereof.

The Dow Jones Islamic Market U.S. Mid-Cap Growth Index is designed to measure the performance of mid-cap U.S. equity securities that are screened for adherence to Shariah investment guidelines and are classified as “growth” based on a multi-factor analysis. The Dow Jones Islamic Market Target Risk Indices were launched Dec. 27, 2017. All information presented prior to an index’s Launch Date is hypothetical (back-tested), not actual performance. The back-test calculations are based on the same methodology that was in effect on the index Launch Date. Complete index methodology details are available at www.spdji.com.

The Bank of America Merrill Lynch US Corporate and Government 1-3 Year Index tracks the performance of US dollar-denominated investment grade government and corporate public debt issued in the US domestic bond market, excluding collateralized products. The index does not reflect the deduction of expenses, which have been deducted from the Fund’s returns. The index’s returns assume reinvestment of all distributions and dividends; you cannot invest directly in an index.

The Dow Jones Sukuk Index is designed to track the performance of global Islamic fixed income securities, also known as sukuk. The index measures an investment (excluding reinvestment) in U.S. dollar-denominated, investment-grade sukuk that have been screened for Shariah compliance. The Dow Jones Islamic Market Target Risk Indices were launched Dec. 27, 2017. All information presented prior to an index’s launch date is hypothetical (back-tested), not actual performance. The back-test calculations are based on the same methodology that was in effect on the index launch date. Complete index methodology details are available at www.spdji.com.

The hypothetical charts above do not imply any future performance. They illustrate the performance of a hypothetical $10,000 investment made in each Fund since inception and assume reinvestment of dividends and capital gains. They do not reflect the effect of any redemption fees, which would lower these figures. The initial investment used in the above charts may be higher or lower than the initial minimum amount required to invest in each fund. The performance of an index is not an exact representation of any particular investment, as you cannot invest directly in an index. Past performance cannot be used to predict future returns. Before making an investment decision, it’s important to check the fund’s prospectus for factors such as investment objectives, costs and expenses, liquidity, fluctuation of principal or return, and tax features.