Allied Asset Advisors Funds NPORTP Monthly portfolio investment report

Iman Fund

Schedule of Investments

August 31, 2023 (Unaudited)

(Classifications are based on the North American Industry Classificiation System)

Number of
Shares				Value
			COMMON STOCKS - 98.0%
			Agriculture, Construction and Mining Machinery Manufacturing - 0.7%
	10,900		The Toro Co.	$	1,115,288

			Apparel Accessories and Other Apparel Manufacturing - 0.9%
	2,520		Deckers Outdoor Corp. (a)		1,333,307

			Architectural and Structural Metals Manufacturing - 0.3%
	2,000		Lincoln Electric Holdings, Inc.		384,920

			Architectural, Engineering, and Related Services - 0.6%
	9,700		Exponent, Inc.		871,642

			Audio and Video Equipment Manufacturing - 1.4%
	25,400		Dolby Laboratories, Inc. - Class A		2,145,538

			Bakeries and Tortilla Manufacturing - 0.2%
	1,870		J&J Snack Foods Corp.		303,183

			Basic Chemical Manufacturing - 1.0%
	4,075		Linde PLC (b)		1,577,188

			Clothing Stores - 1.8%
	19,135		Ross Stores, Inc.		2,330,834
	5,900		The TJX Companies, Inc.		545,632
					2,876,466
			Communications Equipment Manufacturing - 8.3%
	65,370		Apple, Inc.		12,281,062
	6,390		QUALCOMM, Inc.		731,847
					13,012,909
			Computer and Peripheral Equipment Manufacturing - 4.4%
	74,400		Cisco Systems, Inc.		4,266,840
	9,600		Super Micro Computer, Inc. (a)		2,640,768
					6,907,608
			Computer Systems Design and Related Services - 1.3%
	2,415		Aspen Technology, Inc. (a)		468,510
	5,100		Cognizant Technology Solutions Corp. - Class A		365,211
	3,075		EPAM Systems, Inc. (a)		796,394
	755		ServiceNow, Inc. (a)		444,567
					2,074,682
			Cut and Sew Apparel Manufacturing - 1.5%
	3,650		Cintas Corp.		1,840,220
	1,250		Lululemon Athletica, Inc. (a)		476,575
					2,316,795
			Drugs and Druggists' Sundries Merchant Wholesalers - 2.8%
	49,000		Roche Holding AG - ADR (b)		1,794,870
	16,980		The Procter & Gamble Co.		2,620,693
					4,415,563
			Electrical Equipment Manufacturing - 0.7%
	12,000		Franklin Electric Co., Inc.		1,160,520

			Electronic Shopping and Mail-Order Houses - 0.3%
	11,853		JD.com, Inc. - ADR (b)		393,638

			Footwear Manufacturing - 1.4%
	12,190		NIKE, Inc. - Class B		1,239,845
	19,200		Skechers U.S.A., Inc. - Class A (a)		965,952
					2,205,797
			Freight Transportation Arrangement - 0.7%
	3,400		Expeditors International of Washington, Inc.		396,814
	3,780		JB Hunt Transport Services, Inc.		710,186
					1,107,000
			Gasoline Stations - 0.2%
	13,300		Magnolia Oil & Gas Corp. - Class A		303,240

			General Freight Trucking - 1.7%
	6,370		Old Dominion Freight Line, Inc.		2,722,347

			Industrial Machinery Manufacturing - 3.0%
	3,700		Applied Materials, Inc.		565,212
	4,485		ASML Holding NV (b)		2,962,477
	6,380		Axcelis Technologies, Inc. (a)		1,225,917
					4,753,606
			Medical Equipment and Supplies Manufacturing - 0.9%
	30,900		AngioDynamics, Inc. (a)		248,127
	2,225		Edwards Lifesciences Corp. (a)		170,146
	1,480		Intuitive Surgical, Inc. (a)		462,766
	8,500		Merit Medical Systems, Inc. (a)		554,880
					1,435,919
			Metal Ore Mining - 3.6%
	58,000		Alamos Gold, Inc. - Class A (b)		744,720
	27,100		BHP Group Ltd. - ADR (b)		1,557,979
	12,300		Franco-Nevada Corp. (b)		1,770,708
	8,400		Rio Tinto PLC - ADR (b)		525,000
	24,665		Wheaton Precious Metals Corp. (b)		1,074,901
					5,673,308
			Miscellaneous Durable Goods Merchant Wholesalers - 0.8%
	3,335		Pool Corp.		1,219,276

			Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers - 0.2%
	5,400		Copart, Inc. (a)		242,082

			Motor Vehicle Manufacturing - 2.3%
	19,500		Federal Signal Corp.		1,188,525
	9,565		Tesla, Inc. (a)		2,468,535
					3,657,060
			Motor Vehicle Parts Manufacturing - 0.3%
	3,550		Visteon Corp. (a)		494,409

			Navigational, Measuring, Electromedical, and Control Instruments Manufacturing - 2.8%
	6,700		Danaher Corp.		1,775,500
	2,365		IDEXX Laboratories, Inc. (a)		1,209,484
	39,200		MaxLinear, Inc. (a)		921,200
	5,230		Transcat, Inc. (a)		533,251
					4,439,435
			Nursing Care Facilities (Skilled Nursing Facilities) - 0.4%
	6,500		The Ensign Group, Inc.		651,430

			Office Administrative Services - 0.7%
	5,153		CorVel Corp. (a)		1,115,367

			Oil and Gas Extraction - 0.5%
	3,650		EOG Resources, Inc.		469,463
	1,265		Pioneer Natural Resources Co.		300,981
					770,444
			Other Financial Investment Activities - 1.0%
	3,150		Chemed Corp.		1,611,036

			Other General Purpose Machinery Manufacturing - 1.8%
	1,385		Mettler-Toledo International, Inc. (a)		1,680,670
	4,455		Nordson Corp.		1,087,644
					2,768,314
			Other Information Services - 4.1%
	14,145		CoStar Group, Inc. (a)		1,159,748
	17,875		Meta Platforms, Inc. - Class A (a)		5,289,034
					6,448,782
			Other Telecommunications - 0.1%
	1,155		ResMed, Inc.		184,326

			Petroleum and Coal Products Manufacturing - 5.6%
	19,200		Chevron Corp.		3,093,120
	50,200		Exxon Mobil Corp.		5,581,738
					8,674,858
			Pharmaceutical and Medicine Manufacturing - 9.9%
	12,905		Abbott Laboratories		1,327,925
	19,600		Amphastar Pharmaceuticals, Inc. (a)		1,044,876
	3,715		Eli Lilly & Co.		2,058,853
	24,850		Johnson & Johnson		4,017,748
	3,800		Lantheus Holdings, Inc. (a)		260,072
	4,600		Moderna, Inc. (a)		520,122
	13,455		Novo Nordisk A/S - ADR (b)		2,497,517
	1,090		Regeneron Pharmaceuticals, Inc. (a)		900,874
	1,300		Vertex Pharmaceuticals, Inc. (a)		452,842
	5,930		West Pharmaceutical Services, Inc.		2,412,917
					15,493,746
			Restaurants and Other Eating Places - 0.2%
	115		Chipotle Mexican Grill, Inc. (a)		221,564

			Semiconductor and Other Electronic Component Manufacturing - 14.6%
	7,200		Advanced Micro Devices, Inc. (a)		761,184
	42,315		Alphabet, Inc. - Class A (a)		5,762,033
	12,865		Alphabet, Inc. - Class C (a)		1,767,008
	4,350		Analog Devices, Inc.		790,743
	13,700		Formfactor, Inc. (a)		483,884
	1,240		Lam Research Corp.		870,976
	2,675		Monolithic Power Systems, Inc.		1,394,237
	8,255		NVIDIA Corp.		4,074,255
	52,800		Taiwan Semiconductor Manufacturing Co., Ltd. - ADR (b)		4,940,496
	5,315		Texas Instruments, Inc.		893,239
	17,100		Vicor Corp. (a)		1,158,867
					22,896,922
			Services to Buildings and Dwellings - 0.5%
	2,055		Automatic Data Processing, Inc.		523,224
	7,300		Rollins, Inc.		288,861
					812,085
			Shoe Stores - 0.8%
	13,200		Boot Barn Holdings, Inc. (a)		1,211,100

			Soap, Cleaning Compound, and Toilet Preparation Manufacturing - 0.8%
	780		The Estee Lauder Companies, Inc. - Class A		125,214
	8,125		Inter Parfums, Inc.		1,135,306
					1,260,520
			Software Publishers - 11.3%
	1,915		Adobe, Inc. (a)		1,071,136
	4,010		ANSYS, Inc. (a)		1,278,669
	4,590		Cadence Design Systems, Inc. (a)		1,103,620
	950		Intuit, Inc.		514,719
	4,600		Manhattan Associates, Inc. (a)		932,052
	30,745		Microsoft Corp.		10,076,981
	6,490		Salesforce, Inc. (a)		1,437,275
	8,100		Shopify, Inc. - Class A (a)(b)		538,569
	1,660		Tyler Technologies, Inc. (a)		661,394
					17,614,415
			Support Activities for Crop Production - 0.3%
	8,500		Corteva, Inc.		429,335

			Support Activities for Mining - 0.3%
	30,500		SSR Mining, Inc. (b)		452,925

			Warehousing and Storage - 1.0%
	8,185		Landstar System, Inc.		1,553,595

			TOTAL COMMON STOCKS (Cost $123,790,987)		153,313,490

			REAL ESTATE INVESTMENT TRUST (REIT) - 1.5%
			Lessors of Real Estate - 1.5%
	8,570		Public Storage		2,368,577

			TOTAL REITS (Cost $2,622,109)		2,368,577

			Total Investments (Cost ($126,413,096) - 99.5%		155,682,067
			Other Assets in Excess of Liabilities - 0.5%		749,834
			TOTAL NET ASSETS - 100.0%	$	156,431,901


			Percentages are stated as a percent of net assets.


		PLC -	Public Limitied Company
		ADR -	American Depository Receipt
		(a)	Non Income Producing
		(b)	Foreign Issued Securities

			The accompanying notes are an integral part of these financial statements.

Summary of Fair Value Exposure at August 31, 2023 (Unaudited)

The Trust has performed an analysis of all existing investments to determine the significance and character of all inputs to their fair value determination. Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels listed below:

Level 1 - Unadjusted quoted prices in active markets for identical securities the Fund has the ability to access
Level 2 - Other significant observable inputs (including quoted prices for similar securities in active markets, quoted prices for identical or similar instruments in markets that are not active, model-derived valuations in which all significant inputs and significant value drivers are observable in active markets, interest rates, prepayment speeds, credit risk, etc.)
Level 3 - Significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments.)

Inputs that are used in determining a fair value of an investment may include price information, credit data, volatility statistics and other factors. These inputs can be either observable or unobservable. The availability of observable inputs can vary between investments and is affected by various factors such as the type of investment or similar investments in the marketplace. The inputs will be considered by the Adviser, along with any other relevant factors in the calculation of an investment's fair value. The Fund uses prices and inputs that are current as of the measurement date, which may include periods of market dislocations. During these periods, the availability of prices and inputs may be reduced for many investments. This condition could cause an investment to be reclassified between the various levels within the hierarchy.

Investments falling into the Level 3 category are primarily supported by quoted prices from brokers and dealers participating in the market for those investments. However, they may be classified as Level 3 investments due to lack of market transparanecy and corroboration to support these quoted prices. Additionally, valuation models may be used as the pricing source for any remaining investments classified as Level 3. These models rely on one or more significant unobservable inputs and/or significant asumptions by the Adviser. Inputs used in valuations may include, but are not limited to, financial statement analysis, capital account balances, discount rates and estimated cash flows, and comparable company data.

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Fund's net assets as of August 31, 2023:

	Level 1		Level 2		Level 3		Total
Common Stocks	$	153,313,490	$	-	$	-	$	153,313,490
REIT		2,368,577		-		-	$	2,368,577
Total*	$	155,682,067	$	-	$	-	$	155,682,067

* Additional information regarding the industry and/or geographical
classification of these investments is disclosed in the Schedule of
Investments.

The Fund did not hold any investments during the period ended August 31, 2023 with significant unobservable inputs which would be classified as Level 3. The Fund did not hold any derivative instruments during the reporting period.

Allied Asset Advisors Funds NPORT-PMonthly portfolio investment report