HLAL vs. EMLP ETF Comparison

Comparison of Wahed FTSE USA Shariah ETF (HLAL) to First Trust North American Energy Infrastructure Fund (EMLP)

HLAL

Wahed FTSE USA Shariah ETF

HLAL Description

The investment seeks to track the total return performance, before fees and expenses, of the FTSE USA Shariah Index. The index is composed of common stocks of large and mid-capitalization U.S. companies the characteristics of which meet the requirements of the Shariah and are consistent with Islamic principles as interpreted by subject-matter experts. Under normal circumstances, at least 80% of its total assets will be invested in the component securities of the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$52.05

Average Daily Volume

69,757

Number of Holdings ^*

210

* may have additional holdings in another (foreign) market

EMLP

First Trust North American Energy Infrastructure Fund

EMLP Description

The investment seeks total return. The fund invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in equity securities of companies deemed by the sub-advisor to be engaged in the energy infrastructure sector. These companies principally include publicly-traded master limited partnerships and limited liability companies taxed as partnerships ("MLPs"), MLP affiliates, Canadian income trusts and their successor companies, pipeline companies, utilities, and other companies. It is non-diversified.

Grade (RS Rating)

Last Trade

$33.44

Average Daily Volume

165,756

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HLAL	EMLP
30 Days	2.12%	3.27%
60 Days	2.04%	6.13%
90 Days	3.07%	10.22%
12 Months	23.14%	23.41%

4 Overlapping Holdings

Symbol	Grade	Weight in HLAL	Weight in EMLP	Overlap
ATO	B	0.09%	1.76%	0.09%
CEG	C	0.28%	0.24%	0.24%
PWR	B	0.18%	2.13%	0.18%
VST	C	0.13%	0.86%	0.13%

HLAL Overweight 206 Positions Relative to EMLP

Symbol	Grade	Weight
MSFT	C	14.75%
AAPL	C	14.72%
META	B	5.32%
GOOGL	D	4.3%
GOOG	D	3.62%
TSLA	C	2.9%
XOM	C	2.35%
PG	C	1.88%
JNJ	C	1.87%
MRK	D	1.37%
KO	C	1.27%
AMD	D	1.18%
CRM	D	1.15%
CVX	D	1.14%
ADBE	F	1.11%
TMO	B	1.05%
LIN	B	1.04%
ABT	C	0.95%
CSCO	C	0.94%
NOW	B	0.84%
QCOM	D	0.82%
TXN	C	0.82%
DHR	B	0.81%
ISRG	B	0.77%
PFE	C	0.77%
AMAT	D	0.7%
UBER	C	0.67%
TJX	B	0.63%
SYK	C	0.6%
COP	D	0.57%
BSX	B	0.56%
PLD	C	0.55%
MDT	C	0.55%
REGN	C	0.54%
ADP	B	0.53%
GILD	B	0.52%
ADI	C	0.5%
PANW	D	0.48%
MDLZ	B	0.46%
KLAC	D	0.45%
LRCX	F	0.45%
MU	F	0.44%
UPS	D	0.44%
NKE	D	0.44%
INTC	F	0.39%
TT	B	0.37%
WELL	C	0.35%
SNPS	D	0.34%
MMM	B	0.34%
CDNS	D	0.33%
CTAS	B	0.32%
MCK	F	0.31%
BDX	D	0.31%
FDX	C	0.3%
APD	B	0.29%
NEM	B	0.29%
MRVL	C	0.29%
DHI	B	0.27%
MPC	F	0.27%
SLB	F	0.27%
ROP	C	0.27%
GEV	B	0.27%
ADSK	C	0.26%
NXPI	F	0.26%
EMR	D	0.26%
PSX	F	0.25%
ROST	C	0.23%
PCAR	D	0.22%
JCI	B	0.22%
LEN	B	0.21%
VLO	F	0.2%
TEL	D	0.2%
CMI	C	0.19%
EW	F	0.19%
GWW	B	0.19%
ODFL	D	0.18%
IT	B	0.18%
EA	D	0.18%
FAST	C	0.18%
A	C	0.18%
KDP	B	0.18%
CTVA	B	0.18%
IDXX	C	0.18%
IR	C	0.17%
RMD	C	0.17%
HES	F	0.17%
GEHC	C	0.17%
DD	B	0.16%
BKR	C	0.16%
NUE	F	0.16%
DOW	D	0.16%
LULU	D	0.15%
HPQ	D	0.15%
GLW	C	0.15%
OXY	F	0.15%
ON	D	0.14%
TSCO	C	0.14%
PPG	D	0.14%
ROK	D	0.14%
VMC	D	0.14%
ADM	D	0.14%
MLM	D	0.14%
XYL	C	0.14%
FANG	D	0.14%
CAH	C	0.13%
BIIB	F	0.13%
PHM	B	0.13%
WAB	B	0.13%
VLTO	C	0.12%
DVN	F	0.12%
TTWO	C	0.12%
CHD	D	0.12%
DOV	B	0.12%
FTV	C	0.12%
IFF	B	0.12%
GRMN	D	0.12%
ANSS	D	0.12%
WY	C	0.11%
STE	C	0.11%
LYB	D	0.11%
NTAP	D	0.11%
ICLR	D	0.11%
FSLR	C	0.11%
TYL	C	0.11%
HAL	F	0.11%
BLDR	C	0.1%
ARE	C	0.1%
HUBB	B	0.1%
ZBH	F	0.1%
WST	D	0.1%
APTV	D	0.09%
HOLX	B	0.09%
OMC	B	0.09%
GPC	D	0.09%
TER	D	0.09%
EL	F	0.09%
PTC	D	0.09%
ILMN	C	0.09%
WDC	D	0.09%
MKC	C	0.09%
STLD	F	0.08%
IP	B	0.08%
DGX	B	0.08%
BURL	B	0.08%
ULTA	D	0.08%
PKG	B	0.08%
ALGN	D	0.08%
AKAM	D	0.07%
PODD	B	0.07%
PNR	B	0.07%
CF	C	0.07%
IEX	D	0.07%
MRO	C	0.07%
SWK	B	0.07%
BMRN	F	0.07%
CTRA	D	0.07%
ZBRA	B	0.07%
FLEX	C	0.06%
FFIV	B	0.06%
JNPR	B	0.06%
POOL	C	0.06%
SNA	C	0.06%
JBHT	D	0.06%
REG	C	0.06%
BG	D	0.06%
TRMB	C	0.06%
DLTR	F	0.06%
ROL	C	0.06%
DOX	C	0.05%
NWSA	D	0.05%
TWLO	D	0.05%
TFX	C	0.05%
LKQ	F	0.05%
SW	B	0.05%
OKTA	F	0.05%
TECH	C	0.05%
CHRW	B	0.05%
EXAS	C	0.05%
IPG	C	0.05%
FMC	C	0.04%
SOLV	C	0.04%
SCCO	D	0.04%
GNRC	D	0.04%
PAYC	D	0.04%
MOS	F	0.04%
DAY	D	0.04%
HSIC	C	0.04%
CRL	F	0.04%
ALB	D	0.04%
QRVO	F	0.04%
LEA	F	0.03%
BIO	C	0.03%
RHI	D	0.03%
WBA	F	0.03%
ALV	F	0.03%
LBRDK	F	0.03%
DAL	C	0.03%
BWA	D	0.03%
WLK	D	0.02%
UAL	C	0.02%
LUV	C	0.02%
LEN	B	0.01%
AGR	B	0.01%
NWS	D	0.01%
GFS	F	0.01%
LBRDA	F	0.0%

HLAL Underweight 46 Positions Relative to EMLP

Symbol	Grade	Weight
EPD	B	-8.43%
ET	B	-6.83%
OKE	B	-5.16%
PAGP	C	-4.66%
KMI	B	-4.48%
SRE	C	-4.05%
DTM	B	-3.97%
MPLX	B	-3.84%
TRGP	B	-3.11%
NFG	B	-2.99%
PEG	B	-2.69%
PPL	C	-2.54%
AEP	C	-2.44%
WMB	B	-2.18%
SO	B	-1.92%
LNT	B	-1.73%
LNG	C	-1.46%
WEC	C	-1.39%
ETR	B	-1.36%
CMS	C	-1.28%
XEL	B	-1.26%
EVRG	B	-1.2%
SUN	D	-1.17%
DTE	C	-1.15%
OGS	B	-1.1%
AES	C	-1.1%
FLR	D	-1.07%
CQP	F	-0.87%
WLKP	D	-0.83%
DUK	C	-0.78%
NEP	D	-0.76%
HESM	D	-0.69%
CNP	C	-0.63%
WTRG	D	-0.63%
D	C	-0.54%
CWEN	C	-0.53%
AROC	D	-0.51%
IDA	C	-0.5%
NJR	B	-0.47%
AEE	C	-0.28%
CPK	B	-0.25%
USAC	D	-0.12%
EXC	C	-0.11%
UGI	C	-0.08%
AWK	B	-0.06%
ENLC	B	-0.0%