Azzad Asset Management is pleased to announce that its strategies were named to the celebrated PSN Top Guns List of best performing strategies for the second quarter of 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.
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.
The following Azzad investment portfolios were awarded Top Guns status:
Large Cap Growth
- Top ten performer within the Large Cap Equity Universe based on return for the most recent three-year period (3 Stars)
- Top ten performer within the Large Cap Equity Universe based on return for the most recent three-year period, plus superior three-year rolling returns relative to the benchmark and an r-squared of at least 0.80 for the most recent five-year period (4 Stars)
- Top ten performer within the US Equity Universe based on return for the most recent three-year period (3 Stars)
- Top ten performer within the US Equity Universe based on return for the most recent three-year period, plus superior three-year rolling returns relative to the benchmark and an r-squared of at least 0.80 for the most recent five-year period (4 Stars)
- Top ten performer within the US Growth Universe based on return for the most recent three-year period (3 Stars)
Small Cap Value
- Top ten performer within the Small Cap Equity Universe based on return for the most recent quarter (1 Star)
- Top ten performer within the Small Cap Equity Universe based on return for the most recent three-year period (3 Stars)
Mid Cap Value
- Top ten performer within the Mid Cap Equity Universe based on return for the most recent three-year period, plus an r-squared of at least 0.80, superior returns for the three latest three-year rolling periods and a standard deviation for the five-year period equal or less than the median standard deviation for the peer group (5 Stars)
- Top performer within the Mid Cap Equity Universe based on an r-squared of 0.80 or greater relative to the style benchmark for the recent five-year period, returns in excess of the benchmark for the three latest three-year rolling periods, and a standard deviation for the five-year period equal or less than the median standard deviation for the peer group (6 Stars)
International
- Top ten performer within the International Universe based on return for the most recent one-year period (2 Stars)
- Top ten performer within the International Equity Universe based on return for the most recent three-year period (3 Stars)
- Top ten performer within the International Equity Universe based on return for the most recent three-year period, plus superior three-year rolling returns relative to the benchmark and an r-squared of at least 0.80 for the most recent five-year period (4 Stars)
All potential investments are screened in accordance with the firm’s Islamic investing guidelines.
Past performance does not guarantee future results. All investments carry risks, including possible loss of principal.
PSN and Informa Investment Solutions have no affiliation with Azzad Asset Management, but rather evaluate investment managers’ performance on an objective basis.
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/.
About Azzad Asset Management
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.
