FOR IMMEDIATE RELEASE
Azzad Portfolios Achieve ‘Top Guns’ Designation from Informa Investment Solutions
Four strategies excel across multiple categories and reporting periods
Falls Church, Va., 2/28/24– Azzad Asset Management announced today that four of its investment strategies have been awarded “Top Guns” designation by Informa Financial Intelligence’s PSN manager database, North America’s longest running database of investment managers.
PSN Top Guns performance rankings are tabulated for thousands of strategies across 75 peer groups subdivided by increasingly rigorous screens and reported in ascending classes from 1-6 stars, indicating time period. Achieving “Top Guns” status means that the Azzad portfolios were among the top performers within one or more peer groups reporting to PSN for various periods ending December 31, 2023.
“Congratulations to Azzad Asset Management for being recognized as a PSN Top Gun,” said Ryan Nauman, Market Strategist at Informa Financial Intelligence’s Zephyr. “This highly esteemed designation allows us to recognize success, excellence and performance of leading investment managers each quarter.”
The following Azzad investment portfolios were awarded Top Guns status:
Large Cap Growth
- Top ten performer within the US Growth 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 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)
Small Cap Value
- Top ten performer within the Small Cap Equity Universe based on return for the most recent three-year period (3 Stars)
Innovation
- Top ten performer within the US Equity Universe based on return for the most recent quarter (1 Stars)
- Top ten performer within the US Growth Universe based on return for the most recent quarter (1 Stars)
- Top ten performer within the US Equity Universe based on return for the most recent one-year period (2 Stars)
- Top ten performer within the US Growth Universe based on return for the most recent one-year period (2 Stars)
International
- Top ten performer within the International Equity Universe based on return for the most recent quarter (1 Stars)
- Top ten performer within the International Equity Universe based on return for the most recent three-year period (3 Stars)
Azzad serves as the investment adviser to two Islamic mutual funds and sponsors an Ethical Wrap Program composed of over a dozen equity models. All potential investments are screened in accordance with the firm’s Islamic investing guidelines.
Through a combination of Informa Financial Intelligence’s proprietary performance screens, PSN Top Guns ranks products in six categories in over 50 universes. Informa Financial Intelligence is part of Informa plc, a leading provider of critical decision-making solutions and custom services to financial institutions.
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.
The content of the Investment Manager Top Guns is intended for use by qualified investment professionals. Please consult with an investment professional before making any investment using content or implied content from any Investment Manager Top Guns. The complete list of PSN Top Guns and an overview of the methodology can be located here.
About Azzad
Azzad is 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 high net worth families across the United States. Azzad is a member of the Interfaith Center on Corporate Responsibility and follows guidelines from the Accounting and Auditing Organization for Islamic Financial Institutions.
Contact: Azzad Investment Communications Director Joshua Brockwell, 703-207-7005, ext. 109, joshua@azzadasset.com.
