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About Wahed Dow Jones Islamic World ETF
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Inception date
Jan 7, 2022
Structure
Open-Ended Fund
Replication method
Physical
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
US53656F2680
UMMA, though actively managed, seeks to achieve similar returns as the Dow Jones Islamic Market International Titans 100 Index. In doing so, the fund invests in a portfolio that generally replicates the indexs holdings, which comprises 100 of the largest Shariah-compliant companies outside the US. This includes firms from developed, emerging, and frontier markets. The selection process starts by removing companies that derive more than 5% of their revenue from Shariah-prohibited activities such as: non-Islamic finance, alcohol, tobacco, weapon, pork-related products, and certain forms of entertainment. Remaining firms are then filtered using accounting-based screens that focus on certain financial ratios. In addition, companies are further screened to assess ESG risks relating to issues, such as illegal commercial practices, human rights, labor disputes, and workplace safety. UMMAs international exposure complements HLAL, its sibling fund that holds Shariah-compliant US securities.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Electronic Technology
Health Technology
Producer Manufacturing
Stocks98.88%
Electronic Technology29.33%
Health Technology18.85%
Producer Manufacturing10.77%
Consumer Non-Durables8.63%
Technology Services7.84%
Non-Energy Minerals5.00%
Retail Trade4.30%
Transportation2.83%
Process Industries2.63%
Energy Minerals2.47%
Consumer Durables2.27%
Commercial Services1.59%
Consumer Services1.22%
Industrial Services0.61%
Finance0.55%
Bonds, Cash & Other1.12%
Cash1.12%
Stock breakdown by region
Europe52.55%
Asia35.25%
North America7.53%
Oceania4.67%
Latin America0.00%
Africa0.00%
Middle East0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
UMMA invests in stocks. The fund's major sectors are Electronic Technology, with 29.33% stocks, and Health Technology, with 18.85% of the basket. The assets are mostly located in the Europe region.
UMMA top holdings are Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR and Infineon Technologies AG, occupying 13.48% and 4.31% of the portfolio correspondingly.
UMMA last dividends amounted to 0.01 USD. The year before, the issuer paid 0.06 USD in dividends, which shows a 622.89% decrease.
UMMA assets under management is 153.66 M USD. It's risen 0.53% over the last month.
UMMA fund flows account for 37.83 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, UMMA pays dividends to its holders with the dividend yield of 0.83%. The last dividend (Jun 26, 2025) amounted to 0.01 USD. The dividends are paid annually.
UMMA shares are issued by Wahed Invest LLC under the brand Wahed. The ETF was launched on Jan 7, 2022, and its management style is Active.
UMMA expense ratio is 0.65% meaning you'd have to pay 0.65% of your investment to help manage the fund.
UMMA follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
UMMA invests in stocks.
UMMA price has risen by 2.29% over the last month, and its yearly performance shows a 2.94% increase. See more dynamics on UMMA price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −0.56% over the last month, have fallen by −0.56% over the last month, showed a 2.96% increase in three-month performance and has increased by 4.84% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −0.56% over the last month, have fallen by −0.56% over the last month, showed a 2.96% increase in three-month performance and has increased by 4.84% in a year.
UMMA trades at a premium (0.09%) meaning the ETF is trading at a higher price than the calculated NAV.