ADJEX Performance — Azzad Ethical Fund
Data updated: 2026-09-11
ADJEX returned +12.88% year to date and +12.07% over one year to Jun 2026. Annualised returns are +6.30% over 3 years and +2.27% over 5 years. The fund trailed its US Mid-Cap Growth category average: $100 invested three years ago grew to $120, against $152 for the category, and to $112 over one year, against $118. Volatility over the past three years was 18.02% a year. In the 12 months to Jun 2026 the fund lost a net $10.8M, and assets reached $148.79M.
ADJEX Growth of $100
What $100 invested in Azzad Ethical Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap Growth category average over the same months.
| Period | ADJEX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $112 | $118 |
| 3 years (Jul 2023 – Jun 2026) | $120 | $152 |
| 5 years (Jul 2021 – Jun 2026) | $112 | $129 |
| Since data start (Jan 2020 – Jun 2026) | $161 | $193 |
ADJEX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +12.88% |
| 1 year | +12.07% |
| 3 years (annualised) | +6.30% |
| 5 years (annualised) | +2.27% |
ADJEX Annual Returns
Calendar-year total returns of Azzad Ethical Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +12.88% |
| 2025 | +1.44% |
| 2024 | +1.80% |
| 2023 | +24.27% |
| 2022 | −27.82% |
| 2021 | +17.78% |
| 2020 | +30.43% |
ADJEX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −0.1% | +2.3% | −7.6% | +9.3% | +5.8% | +3.4% | — | — | — | — | — | — |
| 2025 | +4.4% | −6.0% | −6.8% | −0.5% | +7.5% | +4.5% | +4.1% | −0.2% | −0.7% | +0.2% | −1.7% | −2.3% |
| 2024 | −1.7% | +7.1% | +3.0% | −6.3% | +2.2% | −1.3% | −0.8% | +1.2% | +2.9% | −3.7% | +7.3% | −7.0% |
| 2023 | +8.5% | −0.5% | +3.7% | −1.9% | +1.6% | +8.0% | +1.9% | −4.8% | −6.6% | −6.6% | +11.5% | +9.1% |
| 2022 | −13.8% | −2.6% | +2.8% | −11.1% | −2.8% | −7.8% | +13.6% | −4.7% | −8.3% | +4.8% | +7.2% | −5.8% |
| 2021 | −0.1% | +2.9% | −1.7% | +5.0% | −2.2% | +5.9% | +3.9% | +2.0% | −4.5% | +6.8% | −3.3% | +2.5% |
| 2020 | +0.8% | −6.2% | −13.5% | +14.4% | +9.7% | +2.4% | +6.2% | +2.7% | −1.9% | −1.3% | +11.4% | +5.4% |
ADJEX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 18.02%
- 3-year Sharpe ratio: 0.10 (vs 4.5% risk-free rate)
- Best month: +11.51% (Nov 2023)
- Worst month: −7.63% (Mar 2026)
ADJEX Fund Flows
Monthly money in and out of Azzad Ethical Fund, from SEC Form N-PORT.
- 12-month net flow: −$10.8M
- 12-month gross sales (incl. reinvestments): $26.5M
- Sales ÷ redemptions: 0.71×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $2.0M | $2.4M | −$435K |
| May 2026 | $2.2M | $2.2M | −$33K |
| Apr 2026 | $3.5M | $3.7M | −$215K |
| Mar 2026 | $2.2M | $4.2M | −$1.9M |
| Feb 2026 | $2.0M | $3.8M | −$1.8M |
| Jan 2026 | $2.2M | $3.2M | −$1.1M |
| Dec 2025 | $2.1M | $2.6M | −$514K |
| Nov 2025 | $1.8M | $5.7M | −$3.9M |
| Oct 2025 | $2.0M | $2.8M | −$788K |
| Sep 2025 | $1.6M | $1.6M | $14K |
| Aug 2025 | $2.1M | $2.4M | −$350K |
| Jul 2025 | $2.8M | $2.6M | $210K |
ADJEX Assets Under Management
Net assets of Azzad Ethical Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $148.79M |
| 2026-03-31 | $124.98M |
| 2025-12-31 | $137.28M |
| 2025-09-30 | $147.97M |
| 2025-06-30 | $143.50M |
| 2025-03-31 | $129.54M |
| 2024-12-31 | $142.79M |
| 2024-09-30 | $150.10M |
| 2024-06-30 | $146.31M |
| 2024-03-31 | $154.89M |
| 2023-12-31 | $142.92M |
| 2023-09-30 | $124.67M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.