Azzad Named to PSN Top Guns List of Best Performing Strategies for 1Q 2024

Azzad Named to PSN Top Guns List of Best Performing Strategies for 1Q 2024

Azzad Portfolios Achieve ‘Top Guns’ Status from Informa Investment Solutions

Azzad Named to PSN Top Guns List of Best Performing Strategies for 1Q 2024
Quarterly PSN Top Guns List published by Zephyr identifies best-in-class separate accounts, managed accounts, and managed ETF strategies.

Falls Church, VA—June 3, 2024— Azzad Asset Management is pleased to announce its strategies were named to the celebrated PSN Top Guns List of best performing strategies for 1Q 2024.  This highly anticipated list, published by Zephyr, remains one of the most important references for investors and asset managers.

The Azzad Large Cap Growth, Azzad Small Cap Value, Azzad Mid Cap Value and Azzad International strategies are actively managed and screened according to the firm’s Islamic investment guidelines. Exclusively available through the Azzad Ethical Wrap Program, these strategies form part of a diversified, risk-adjusted approach. This program combines holistic financial planning with Islamic investment management using a diverse mix of mutual funds and other investment portfolios.

“For over two decades, Azzad has sought to provide clients with consistent performance through various markets,” said CEO Bashar Qasem, CSAA. “We are honored to earn this recognition once again for several of our strategies. We believe that earning a Top Guns ranking from PSN is compelling evidence that investors adhering to Islamic screening principles need not sacrifice performance.”    

Through a combination of PSN’s proprietary performance screens, PSN Top Guns awards products in six proprietary categories in over 75 universes based on continued performance over time.

Azzad Large Cap Growth Strategy  

  • 4-Star Category for having an r-squared of 0.80 or greater relative to the style benchmark for the recent five-year period. Plus, returns must have exceeded the appropriate style benchmark for the three latest three-year rolling periods. The top ten returns for the latest three-year period then become the 4 Star Top Guns. The Large Cap Growth strategy received 4-star distinctions in both the large cap equity and US equity universes.
  • 3-Star Category for having one of the top-ten returns for the most recent three-year period in PSN’s large cap equity universe. The Large Cap Growth strategy received 3-star distinctions in the large cap equity, US equity and US growth equity universes.

Azzad Small Cap Value Strategy

  • 3-Star Category for having one of the top-ten returns for the most recent three-year period in PSN’s small cap equity universe.

Azzad Mid Cap Value Strategy

  • 4-Star Category for having an r-squared of 0.80 or greater relative to its style benchmark for the recent five-year period. Moreover, returns must have exceeded the appropriate style benchmark for the three latest three-year rolling periods. The top ten returns for the latest three-year period then become the 4 Star Top Guns.

 Azzad International Strategy

  • 3-Star Category for having one of the top-ten returns for the most recent three-year period in PSN’s international equity universe.

About Azzad

Since 1997, Azzad has been committed to providing investment services designed to help people enjoy optimum performance without compromising their Islamic values. In addition to investment management, the firm offers holistic financial planning services to American Muslim families across the United States. For more information, visit  azzadasset.com.

Past performance cannot guarantee future results. Third-party awards, rankings, and recognition should not be construed as a client endorsement or an indication of future performance. The complete list of PSN Top Guns and an overview of the methodology can be located at https://informaconnect.com/zephyr/psn-top-guns/.  

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