ETF Evaluator: Amana Equity Income ETF (AMEI) Follow This ETF

Amana Equity Income ETF Overview

Amana Equity Income ETF (AMEI) is an actively managed U.S. Equity Large Value exchange-traded fund (ETF). Amana launched the ETF in 2026.

The investment seeks current income and preservation of capital, consistent with Islamic principles. The fund, under normal circumstances, to invest at least 80% of its total net assets in income-producing equity securities, primarily dividend-paying common stocks. It invests primarily in dividend-paying common stocks, including foreign stocks. Investment decisions are made in accordance with Islamic principles. Generally, Islamic principles require that investors share in profit and loss, that they receive no usury or interest, and that they do not invest in a business that is prohibited by Islamic principles. It is non-diversified.

About Amana Equity Income ETF (AMEI)

There are 5 members of the management team with an average tenure of 0.10 years: Monem Salam (2026), Bryce Fegley (2026), Austin Wen (2026), Devin Ryder (2026) and Levi Zurbrugg (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.

Amana Equity Income ETF has 32 securities in its portfolio. The top 10 holdings constitute 56.1% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

Amana Equity Income ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Amana Equity Income ETF has 25.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 68.0% There is 25.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Amana Equity Income ETF has 6.6% of the portfolio in cash.

Assets Under Management

The fund has $3 million in total assets, which is below the $5 billion average for the Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

AMEI Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Amana Equity Income ETF expense ratio is above average compared to funds in the Large Value category. Amana Equity Income ETF has an expense ratio of 0.76%, which is 104% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Amana Equity Income ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 40% for the Large Value category.

Recently, in the month of July 2026, Amana Equity Income ETF returned -0.8%, which earned it a grade of F, as the Large Value category had an average return of 2.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

Amana Equity Income ETF has a trailing yield of 0.00%, which is below the 1.70% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

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