Wahed FTSE USA Shariah ETFWahed FTSE USA Shariah ETFWahed FTSE USA Shariah ETF

Wahed FTSE USA Shariah ETF

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Key stats


Assets under management (AUM)
‪738.48 M‬USD
Fund flows (1Y)
Dividend yield (indicated)
0.55%
Discount/Premium to NAV
Shares outstanding
‪11.88 M‬
Expense ratio
0.50%

About Wahed FTSE USA Shariah ETF


Issuer
Wahed Invest LLC
Brand
Wahed
Home page
Inception date
Jul 16, 2019
Structure
Open-Ended Fund
Index tracked
FTSE USA Shariah Index
Replication method
Physical
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Wahed Invest LLC
Distributor
Quasar Distributors LLC
ISIN
US53656F6079
HLAL invests in US equities that conform to Shariah standards. Securities are screened to determine their Shariah status based on their business activities and certain financial ratios. More importantly, businesses involved in certain activities are prohibited from inclusion in the index. Examples of such activities include conventional finance, alcohol production or sale, pork-related products or non-halal food-related businesses, casino management, adult entertainment, tobacco production/sales, and weapons-related businesses. HLAL includes large- and midcap equities.

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Classification


Asset Class
Equity
Category
Size and style
Focus
Total market
Niche
Broad-based
Strategy
ESG
Geography
U.S.
Weighting scheme
Market cap
Selection criteria
Principles-based
What's in the fund
Exposure type
StocksBonds, Cash & Other
Technology Services
Electronic Technology
Health Technology
Stock breakdown by region
97%2%
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
HLAL assets under management is ‪738.48 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
HLAL invests in stocks. See more details in our Analysis section.
HLAL expense ratio is 0.50%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, HLAL isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, HLAL pays dividends to its holders with the dividend yield of 0.55%.
HLAL shares are issued by Wahed Invest LLC
HLAL follows the FTSE USA Shariah Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jul 16, 2019.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.