# EDGAR Filing Document

**Accession Number:** 0000766285
**File Stem:** 0001145549-25-049930
**Filing Date:** 2025-7
**Character Count:** 26953
**Document Hash:** d04b67bbfef45f892b243633e950f2ed
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-049930.hdr.sgml**: 20250730

**ACCESSION NUMBER**: 0001145549-25-049930

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250730

**DATE AS OF CHANGE**: 20250730

**PERIOD START**: 20250531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMANA MUTUAL FUNDS TRUST
- **CENTRAL INDEX KEY:** 0000766285

**ORGANIZATION NAME:**
- **EIN:** 356447892
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04276
- **FILM NUMBER:** 251165106

**BUSINESS ADDRESS:**
- **STREET 1:** 1300 NORTH STATE ST
- **CITY:** BELLINGHAM
- **STATE:** WA
- **ZIP:** 98225
- **BUSINESS PHONE:** 360-734-9900

**MAIL ADDRESS:**
- **STREET 1:** 1300 N STATE STREET
- **CITY:** BELLINGHAM
- **STATE:** WA
- **ZIP:** 98225

## Series and Classes Contracts Data

### Amana Participation Fund (Series ID: S000050991)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000160666 | Amana Participation Fund Investor Shares      | AMAPX           |
| C000160667 | Amana Participation Fund Institutional Shares | AMIPX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Amana Mutual Funds Trust

- **b. Investment Company Act file number:** 811-04276

- **c. CIK number of Registrant:** 0000766285

- **d. LEI of Registrant:** 549300XBCMMU088YXT31

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1300 North State Street

  - **City:** Bellingham

  - **State:** WA

  - **Foreign country:** US

  - **Zip / Postal Code:** 982254730

  - **Telephone number:** 3607349900

**Item A.2. Information about the Series.**

- **a. Name of Series:** Amana Participation Fund

- **b. EDGAR series identifier (if any):** S000050991

- **c. LEI of Series:** 549300I3KR1UNQ0LEQ66

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-05-31

- **b. Date as of which information is reported:** 2025-05-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $258034811.78

**Total Liabilities:** $748511.44

**Net Assets:** $257286300.34

**Amount of Assets Invested in Other Investment Companies:** $53505605.81

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 690.810464941983 | **1-Year:** 10429.812757923430 | **5-Year:** 26596.417392758251 | **10-Year:** 13434.096958374468 | **30-Year:** 10989.567898607552

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 2.546385893176 | **1-Year:** 4722.656818567163 | **5-Year:** 6764.622284440140 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000160666 | 0.53%                | 0.22%                | 0.11%                |
| Class ID C000160667 | 0.45%                | 0.34%                | 0.13%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-6308.82                | $366315.31                                 |
| Month 2  | $-30228.12               | $366315.31                                 |
| Month 3  | $-34985.59               | $-521218.04                                |

### Schedule of Portfolio Investments

| Name                                                     | Title                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SA Global Sukuk Ltd.                                     | ARAMCO 2.694 06/17/31 REGS | CUSIP: G7777XAB2<br>LEI: 5493007DFAVKU7UOGR47 | Long             | DBT              | CORP              | KY        |   8500000 | NS      | $7512376.50   | 2.92%             | 2031-06-17      | Fixed         | 2.69%                 | Yes           |                  2 | On Loan: No      |
| Almarai Sukuk Ltd                                        | ALMARA 5.233 07/25/33      | CUSIP: G0R9ZGAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | SA        |   7380000 | NS      | $7393800.60   | 2.87%             | 2033-07-25      | Fixed         | 5.23%                 | Yes           |                  2 | On Loan: No      |
| Dar Al-Arkan Sukuk Company Ltd.                          | DARALA 8 02/25/29 EMTN     | CUSIP: G26588AF3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   7000000 | NS      | $7209125.00   | 2.80%             | 2029-02-25      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| EDO Sukuk Ltd.                                           | ENEDEV 5.662 07/03/31 REGS | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |   7000000 | NS      | $7043540.00   | 2.74%             | 2031-07-03      | Fixed         | 5.66%                 | Yes           |                  2 | On Loan: No      |
| DAE Sukuk (DIFC) Ltd.                                    | DUBAEE 3.75 02/15/26 REGS  | CUSIP: M2R73JAA1<br>LEI: 635400AMGMPG1J5EQD94 | Long             | DBT              | CORP              | AE        |   6700000 | NS      | $6641817.20   | 2.58%             | 2026-02-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| MAF Sukuk Ltd.                                           | MAFUAE 4.638 05/14/29      | CUSIP: G5765UAC4<br>LEI: 549300IS9H0W5N2N4K34 | Long             | DBT              | CORP              | KY        |   6650000 | NS      | $6574988.00   | 2.56%             | 2029-05-14      | Fixed         | 4.64%                 | Yes           |                  2 | On Loan: No      |
| Emaar Sukuk Limited                                      | EMAAR 3.7 07/06/31 EMTN    | CUSIP: G3115SAE7<br>LEI: 549300NZHOOO6634T541 | Long             | DBT              | CORP              | KY        |   7000000 | NS      | $6538588.00   | 2.54%             | 2031-07-06      | Fixed         | 3.70%                 | Yes           |                  2 | On Loan: No      |
| TNB Global Ventures Capital Berhad                       | TNBMK 4.851 11/01/28       | CUSIP: Y8850AAB0<br>LEI: 5493004U8XEGPFWIBZ14 | Long             | DBT              | CORP              | MY        |   6300000 | NS      | $6331631.36   | 2.46%             | 2028-11-01      | Fixed         | 4.85%                 | Yes           |                  2 | On Loan: No      |
| Alpha Star Holding VIII Ltd.                             | DAMACR 8.375 04/12/27      | CUSIP: M085A1AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | AE        |   6050000 | NS      | $6242777.20   | 2.43%             | 2027-04-12      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Air Lease Corp. Sukuk Ltd.                               | AL 5.85 04/01/28 REGS      | CUSIP: G0136NAA7<br>LEI: 549300FDSPH65OVJVS35 | Long             | DBT              | CORP              | KY        |   6000000 | NS      | $6101642.76   | 2.37%             | 2028-04-01      | Fixed         | 5.85%                 | Yes           |                  2 | On Loan: No      |
| AerCap Sukuk Ltd.                                        | AERCAP 4.5 10/03/29 REGS   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | BM        |   6200000 | NS      | $6058825.75   | 2.35%             | 2029-10-03      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| TNB Global Ventures Capital Berhad                       | TNBMK 3.244 10/19/26 EMTN  | CUSIP: Y8850AAA2<br>LEI: 5493004U8XEGPFWIBZ14 | Long             | DBT              | CORP              | MY        |   6140000 | NS      | $6023060.02   | 2.34%             | 2026-10-19      | Fixed         | 3.24%                 | Yes           |                  2 | On Loan: No      |
| Aldar Investment Properties                              | ALDAR 3.875 10/22/29       | CUSIP: G0222QAA5<br>LEI: 54930010JDA2VE3MB531 | Long             | DBT              | CORP              | KY        |   6000000 | NS      | $5762490.00   | 2.24%             | 2029-10-22      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Axiata SPV2 Berhad                                       | AXIATA 2.163 08/19/30 EMTN | CUSIP: Y0488DAD7<br>LEI: 254900P49KQFQ10AF282 | Long             | DBT              | CORP              | MY        |   6000000 | NS      | $5282752.02   | 2.05%             | 2030-08-19      | Fixed         | 2.16%                 | Yes           |                  2 | On Loan: No      |
| Perusahaan Penerbit Surat Berharga Syariah Indonesia III | INDOIS 4.55 03/29/26 REGS  | CUSIP: 71567RAF3<br>LEI: 254900G208H6Q0L5B953 | Long             | DBT              | NUSS              | ID        |   5185000 | NS      | $5195370.00   | 2.02%             | 2026-03-29      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| FAB Sukuk Company Limited                                | FABUH 4.581 01/17/28 EMTN  | CUSIP: G3323NAH9<br>LEI: 549300JEV79SSEDKS489 | Long             | DBT              | CORP              | KY        |   1000000 | NS      | $1003956.00   | 0.39%             | 2028-01-17      | Fixed         | 4.58%                 | Yes           |                  2 | On Loan: No      |
| EI Sukuk Co Ltd.                                         | EIBUH 2.082 11/02/26 EMTN  | CUSIP: G29511AD7<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1000000 | NS      | $961250.00    | 0.37%             | 2026-11-02      | Fixed         | 2.08%                 | Yes           |                  2 | On Loan: No      |
| Alpha Star Holding IX Ltd.                               | DAMACR 7 08/26/28          | CUSIP: M085BFAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | AE        |    750000 | NS      | $756195.00    | 0.29%             | 2028-08-26      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Sharjah Sukuk Programme Limited                          | SHARSK 3.234 10/23/29      | CUSIP: G8110JAF8<br>LEI: N/A                  | Long             | DBT              | NUSS              | KY        |    710000 | NS      | $654057.75    | 0.25%             | 2029-10-23      | Fixed         | 3.23%                 | Yes           |                  2 | On Loan: No      |
| Maaden Sukuk Ltd.                                        | MAADEN 5.5 02/13/35 REGS   | CUSIP: M6779VAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | SA        |    500000 | NS      | $505000.00    | 0.20%             | 2035-02-13      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| DP World Crescent Limited                                | DPWDU 5.5 09/13/33         | CUSIP: G28288AE1<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    500000 | NS      | $500622.50    | 0.19%             | 2033-09-13      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Oman Sovereign Sukuk S.A.O.C                             | OMANGS 4.875 06/15/30 REGS | CUSIP: M7S2D9AF0<br>LEI: 549300KM6RUZQLK8LU36 | Long             | DBT              | NUSS              | OM        |   5150000 | NS      | $5133411.85   | 2.00%             | 2030-06-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| DIB Sukuk Co Ltd                                         | DIBUH 5.493 11/30/27       | CUSIP: G2802SAM9<br>LEI: 549300U3ZMUHC2JQLL56 | Long             | DBT              | CORP              | KY        |   5000000 | NS      | $5077000.00   | 1.97%             | 2027-11-30      | Fixed         | 5.49%                 | Yes           |                  2 | On Loan: No      |
| Khazanah Global Sukuk Bhd                                | KNBZMK 4.687 06/01/28 EMTN | CUSIP: Y46976AA7<br>LEI: 213800VIN16ILYRCKD86 | Long             | DBT              | CORP              | MY        |   5000000 | NS      | $5001257.17   | 1.94%             | 2028-06-01      | Fixed         | 4.69%                 | Yes           |                  2 | On Loan: No      |
| EQUATE Sukuk SPC Ltd.                                    | EQPCKW 5 09/05/31          | CUSIP: M40519AB2<br>LEI: N/A                  | Long             | DBT              | CORP              | AE        |   5000000 | NS      | $4969250.00   | 1.93%             | 2031-09-05      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| KSA Sukuk Limited                                        | KSA 3.628 04/20/27 REGS    | CUSIP: G5321UAC1<br>LEI: 635400XBJFPNCGN9CK71 | Long             | DBT              | NUSS              | KY        |   5000000 | NS      | $4918180.00   | 1.91%             | 2027-04-20      | Fixed         | 3.63%                 | Yes           |                  2 | On Loan: No      |
| STC Sukuk Co Ltd.                                        | STCAB 3.89 05/13/29 REGS   | CUSIP: G7734TAB3<br>LEI: 549300XDIYY7XEYHTO45 | Long             | DBT              | CORP              | KY        |   5000000 | NS      | $4863562.00   | 1.89%             | 2029-05-13      | Fixed         | 3.89%                 | Yes           |                  2 | On Loan: No      |
| Saudi Electricity Global Sukuk Company 2                 | SECO 5.06 04/08/43 REGS    | CUSIP: G781A6AB9<br>LEI: 549300NU3VI6NLNU1575 | Long             | DBT              | CORP              | KY        |   5000000 | NS      | $4637370.00   | 1.80%             | 2043-04-08      | Fixed         | 5.06%                 | Yes           |                  2 | On Loan: No      |
| Boubyan Sukuk Ltd.                                       | BOUSUK 3.389 03/29/27 EMTN | CUSIP: G077C1AB1<br>LEI: 549300T2HAD9JJ1YV324 | Long             | DBT              | CORP              | KY        |   4600000 | NS      | $4487898.00   | 1.74%             | 2027-03-29      | Fixed         | 3.39%                 | Yes           |                  2 | On Loan: No      |
| Axiata SPV2 Berhad                                       | AXIATA 4.357 03/24/26 EMTN | CUSIP: Y0488DAC9<br>LEI: 254900P49KQFQ10AF282 | Long             | DBT              | CORP              | MY        |   4357000 | NS      | $4342866.34   | 1.69%             | 2026-03-24      | Fixed         | 4.36%                 | Yes           |                  2 | On Loan: No      |
| BSF Sukuk Co Ltd.                                        | BSFR 4.75 05/31/28         | CUSIP: G1655AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   4000000 | NS      | $3989640.00   | 1.55%             | 2028-05-31      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| DP World Crescent LTD                                    | DPWDU 3.7495 01/30/30 REGS | CUSIP: G28288AD3<br>LEI: 21380096JRTWB8TL9236 | Long             | DBT              | CORP              | KY        |   4000000 | NS      | $3778949.80   | 1.47%             | 2030-01-30      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Perusahaan Penerbit Surat Berharga Syariah Indonesia III | INDOIS 3.55 06/09/51 REGS  | CUSIP: 71567RAT3<br>LEI: 254900G208H6Q0L5B953 | Long             | DBT              | NUSS              | ID        |   5280000 | NS      | $3660290.00   | 1.42%             | 2051-06-09      | Fixed         | 3.55%                 | Yes           |                  2 | On Loan: No      |
| KSA Sukuk Limited                                        | KSA 4.303 01/19/29 REGS    | CUSIP: G5321UAE7<br>LEI: 635400XBJFPNCGN9CK71 | Long             | DBT              | NUSS              | KY        |   3200000 | NS      | $3164934.40   | 1.23%             | 2029-01-19      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| Perusahaan Penerbit Surat Berharga Syariah Indonesia III | INDOIS 4.45 02/20/29 REGS  | CUSIP: 71567RAM8<br>LEI: 254900G208H6Q0L5B953 | Long             | DBT              | NUSS              | ID        |   3050000 | NS      | $3047969.37   | 1.18%             | 2029-02-20      | Fixed         | 4.45%                 | Yes           |                  2 | On Loan: No      |
| Hazine Mustesarligi Varlik Kiralama AS                   | TURKSK 6.5 04/26/30 REGS   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | TR        |   2500000 | NS      | $2495125.00   | 0.97%             | 2030-04-26      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Saudi Electricity Sukuk Programme Co.                    | SECO 5.684 04/11/53        | CUSIP: G781ATAA1<br>LEI: 549300KZ4IZK3RMUO096 | Long             | DBT              | CORP              | KY        |   2500000 | NS      | $2376575.00   | 0.92%             | 2053-04-11      | Fixed         | 5.68%                 | Yes           |                  2 | On Loan: No      |
| Saudi Electricity Company                                | SECO 5.5 04/08/44 REGS     | CUSIP: G781A6AD5<br>LEI: 549300BJ6IA5S2UFVN71 | Long             | DBT              | NUSS              | SA        |   2400000 | NS      | $2325177.60   | 0.90%             | 2044-04-08      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| EI Sukuk Co Ltd.                                         | EIBUH 5.431 05/28/29       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |   2000000 | NS      | $2044400.00   | 0.79%             | 2029-05-28      | Fixed         | 5.43%                 | Yes           |                  2 | On Loan: No      |
| QIIB Senior Oryx Ltd.                                    | QIIKQD 5.247 01/24/29 EMTN | CUSIP: G7307ZAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1500000 | NS      | $1524750.00   | 0.59%             | 2029-01-24      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Maaden Sukuk Ltd.                                        | MAADEN 5.25 02/13/30 REGS  | CUSIP: M6779VAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | SA        |   1500000 | NS      | $1515907.50   | 0.59%             | 2030-02-13      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Sharjah Sukuk Programme Limited                          | SHARSK 3.854 04/03/26 EMTN | CUSIP: G8110JAD3<br>LEI: N/A                  | Long             | DBT              | NUSS              | KY        |   1200000 | NS      | $1185793.97   | 0.46%             | 2026-04-03      | Fixed         | 3.85%                 | Yes           |                  2 | On Loan: No      |
| QIB Sukuk Ltd.                                           | QIBKQD 5.581 11/22/28      | CUSIP: G7304ZBH5<br>LEI: 549300XDP1VCBZLCP049 | Long             | DBT              | CORP              | KY        |   1000000 | NS      | $1031690.00   | 0.40%             | 2028-11-22      | Fixed         | 5.58%                 | Yes           |                  2 | On Loan: No      |
| Banque Saudi Fransi                                      | BSFR 5.375 01/21/30 EMTN   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | SA        |   1000000 | NS      | $1015627.97   | 0.39%             | 2030-01-21      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| ADIB Capital Invest 3 Ltd.                               | ADIBUH V7.25 PERP          | CUSIP: G0093YAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1000000 | NS      | $1042800.00   | 0.41%             | 2500-12-31      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| National Commercial Bank Tier 1 Sukuk Limited            | SNBAB V3.5 PERP            | CUSIP: G64047AA4<br>LEI: 549300DJLY2JZABDD193 | Long             | DBT              | CORP              | KY        |   5550000 | NS      | $5342430.00   | 2.08%             | 2500-12-31      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Boubyan Tier 1 Sukuk Limited                             | BOUSKK V3.95 PERP          | CUSIP: G077C2AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   3850000 | NS      | $3721025.00   | 1.45%             | 2500-12-31      | Fixed         | 3.95%                 | Yes           |                  2 | On Loan: No      |
| Emirates REIT Sukuk III Ltd.                             | REITDU 7.5 12/12/28        | CUSIP: G3100GAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   5500000 | NS      | $2506225.00   | 0.97%             | 2028-12-12      | Variable      | 7.50%                 | Yes           |                  3 | On Loan: No      |
| SAIB Tier 1 Sukuk Ltd.                                   | SIBCAB V6.375 PERP         | CUSIP: G77940AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   2500000 | NS      | $5555485.95   | 2.16%             | 2500-12-31      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Malaysia Sovereign Sukuk Bhd                             | MALAYS 4.236 04/22/45 REGS | CUSIP: Y5749LAB7<br>LEI: N/A                  | Long             | DBT              | NUSS              | MY        |   5000000 | NS      | $4281030.86   | 1.66%             | 2045-04-22      | Fixed         | 4.24%                 | Yes           |                  2 | On Loan: No      |
| SIB Tier 1 Sukuk Co                                      | SIB V5 PERP                | CUSIP: G8135XAA9<br>LEI: 549300ZK67JZJXTH2F28 | Long             | DBT              | CORP              | KY        |   5200000 | NS      | $5187312.00   | 2.02%             | 2500-12-31      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Kfh Tier 1 Sukuk Limited                                 | KFHKK V3.6 PERP            | CUSIP: G5258VAA0<br>LEI: 549300JVNRIBUMSCDU79 | Long             | DBT              | CORP              | KY        |  10000000 | NS      | $9676600.00   | 3.76%             | 2500-12-31      | Fixed         | 3.60%                 | Yes           |                  2 | On Loan: No      |
| Al Rajhi Tier 1 Sukuk Ltd.                               | RJHIAB V6.375 PERP         | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |   6000000 | NS      | $6054432.00   | 2.35%             | 2500-12-31      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| DP World Salaam                                          | DPWDU V6 PERP              | CUSIP: G2828BAA2<br>LEI: 549300SUYBT9X88E9435 | Long             | DBT              | CORP              | KY        |   6800000 | NS      | $6777560.00   | 2.63%             | 2500-12-31      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Bank ABC                                                 | Bank ABC                   | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | CORP              | US        |   2000000 | NS      | $2000000.00   | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Ahli United                                              | Ahli United                | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | CORP              | US        |   1000000 | NS      | $1000000.00   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank ABC                                                 | Bank ABC                   | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | CORP              | US        |   1500000 | NS      | $1500000.00   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Gulf International Bank                                  | Gulf International Bank    | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | CORP              | US        |   1000000 | NS      | $1000000.00   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank ABC                                                 | Bank ABC                   | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | CORP              | US        |   2000000 | NS      | $2000000.00   | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank ABC                                                 | Bank ABC                   | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | CORP              | US        |   2500000 | NS      | $2500000.00   | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-26

**Name of Applicant:** Amana Mutual Funds Trust

**Signature:** Christopher Fankhauser

**Name of Signer:** Christopher Fankhauser

**Title:** Treasurer