A distribution is when a company earns a profit and chooses to either:
This allocation of capital and income can happen throughout the calendar year and shareholders can receive distributions on a regular basis, such as monthly, quarterly, or annually.
Iman Fund automatically reinvests all distributions in additional shares of the Fund, unless you, as a shareholder, elect to receive them in cash. You may change the distribution option on your account by writing or calling the Transfer Agent at anytime. However, any change must be received five (5) days prior to the record date of the distribution.
If the U.S. Postal Service is unable to deliver a check to you, or the check remains outstanding for six months, we will reinvest the check at the “then current net asset value,” and will also reinvest all subsequent distributions in shares of the Fund until you provide us with different instructions.
In general, Fund distributions are considered ordinary income or capital gains and are therefore taxable to you. You will pay the same tax whether you reinvest your distributions in additional Fund shares or receive them in cash.
A portion of the ordinary income dividends paid to you by the Fund may be eligible for taxation at long-term capital gain rates. Any long-term capital gains the Fund distributes are taxable to you as long-term capital gains no matter how long you have owned your shares.
If you purchase shares shortly before a distribution’s record date, you will be subject to income taxes on the distribution, even though the value of your investment (plus cash received, if any) remains the same.
Important! If you do not provide your correct social security number or taxpayer identification number, or if the IRS instructs the Fund to do so, the Fund, by law, must withhold a percentage of your taxable distributions.
The Fund invests in foreign securities, which involve greater volatility and political, economic, and currency risks and differences in accounting methods. It is possible that the Islamic Shari’ah restrictions placed on investments and reflected in the main investment strategies may result in the Fund not performing as well as mutual funds not subject to such restrictions.
Past performance is not indicative of future results.
Diversification does not assure a profit or protect against a loss in a declining market.
The Fund is not available for sale to investors residing outside the United States.
The prospectus contains more complete information, including risks, fees, and expenses related to an ongoing investment in the Fund. You may also receive the prospectus or summary prospectus by calling (877) 417-6161. Please read the prospectus carefully before you invest or send money.
While the fund is no-load, management fees and other expenses still apply. Please refer to the prospectus for further details.
Allied Asset Advisors, LLC, an SEC registered investment advisor, is advisor to Iman Fund.
Iman Fund is distributed by Quasar Distributors, LLC.
The Iman FundAllied Asset Advisors, Inc.8925 S. Kostner AvenueHometown, IL 60456
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Call: (877) 417-6161 Office: (630) 789-0453 Fax: (630) 789-9455