HLAL vs. IXP ETF Comparison

Comparison of Wahed FTSE USA Shariah ETF (HLAL) to iShares Global Telecom ETF (IXP)

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

$52.26

Average Daily Volume

60,676

Number of Holdings ^*

198

* may have additional holdings in another (foreign) market

IXP

iShares Global Telecom ETF

IXP Description

The investment seeks to track the investment results of an index composed of global equities in the telecommunications sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the S&P Global 1200 Telecommunications Sector IndexTM, which measures the performance of companies that S&P Dow Jones Indices LLC ("S&P"), deems to be part of the telecommunications sector of the economy and that S&P believes are important to global markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$94.74

Average Daily Volume

12,811

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HLAL	IXP
30 Days	0.79%	3.11%
60 Days	1.20%	4.91%
90 Days	3.58%	8.18%
12 Months	20.04%	33.50%

9 Overlapping Holdings

Symbol	Grade	Weight in HLAL	Weight in IXP	Overlap
EA	A	0.19%	0.91%	0.19%
GOOG	B	3.92%	10.69%	3.92%
GOOGL	B	4.64%	12.94%	4.64%
IPG	D	0.05%	0.24%	0.05%
META	C	5.71%	22.4%	5.71%
NWS	B	0.02%	0.08%	0.02%
NWSA	A	0.05%	0.25%	0.05%
OMC	D	0.09%	0.44%	0.09%
TTWO	A	0.14%	0.68%	0.14%

HLAL Overweight 189 Positions Relative to IXP

Symbol	Grade	Weight
AAPL	C	14.59%
MSFT	D	13.9%
TSLA	B	3.95%
XOM	A	2.4%
PG	C	1.75%
JNJ	D	1.66%
CRM	B	1.33%
CVX	A	1.19%
MRK	F	1.15%
KO	D	1.1%
AMD	F	1.05%
CSCO	B	1.04%
LIN	D	0.97%
ADBE	D	0.96%
TMO	D	0.93%
NOW	B	0.9%
TXN	C	0.89%
ABT	B	0.89%
ISRG	A	0.84%
QCOM	F	0.84%
DHR	D	0.7%
AMAT	F	0.7%
PFE	F	0.67%
UBER	F	0.64%
SYK	A	0.6%
TJX	A	0.59%
BSX	A	0.58%
COP	B	0.58%
MU	D	0.55%
ADP	B	0.55%
PANW	A	0.54%
INTC	C	0.5%
ADI	D	0.5%
MDT	D	0.5%
PLD	D	0.48%
LRCX	F	0.45%
UPS	C	0.43%
NKE	F	0.41%
GEV	A	0.41%
KLAC	F	0.41%
TT	A	0.41%
MDLZ	F	0.39%
SNPS	C	0.38%
REGN	F	0.38%
WELL	A	0.37%
MRVL	B	0.36%
CDNS	B	0.36%
CTAS	B	0.35%
MCK	A	0.35%
MMM	D	0.33%
CEG	C	0.33%
EMR	A	0.32%
APD	A	0.31%
BDX	F	0.3%
CARR	D	0.29%
FDX	B	0.29%
ADSK	A	0.29%
NXPI	F	0.27%
ROP	C	0.27%
SLB	C	0.27%
PCAR	C	0.26%
JCI	B	0.25%
MPC	C	0.24%
GWW	B	0.23%
NEM	D	0.23%
PSX	C	0.23%
CMI	A	0.22%
DHI	D	0.22%
ROST	D	0.21%
FAST	B	0.21%
PWR	A	0.21%
ODFL	B	0.2%
VRT	A	0.2%
KVUE	A	0.2%
BKR	A	0.19%
AXON	A	0.19%
VLO	C	0.19%
EW	C	0.18%
HES	B	0.18%
A	F	0.18%
CTVA	C	0.18%
LEN	D	0.18%
IT	C	0.18%
COR	B	0.18%
IR	B	0.18%
LULU	C	0.17%
GLW	B	0.17%
MLM	B	0.17%
GEHC	C	0.17%
NUE	D	0.17%
VMC	B	0.17%
WAB	B	0.16%
IDXX	F	0.16%
HPQ	B	0.16%
DELL	C	0.16%
RMD	C	0.16%
GRMN	B	0.15%
OXY	D	0.15%
DD	D	0.15%
FANG	C	0.15%
KDP	D	0.15%
TSCO	D	0.14%
ROK	B	0.14%
EBAY	D	0.14%
PPG	F	0.13%
CAH	B	0.13%
ANSS	B	0.13%
XYL	D	0.13%
ON	F	0.13%
CHD	A	0.12%
VLTO	C	0.12%
TYL	B	0.12%
FTV	C	0.12%
PHM	D	0.12%
DOV	B	0.12%
DOW	F	0.12%
ILMN	C	0.11%
DVN	F	0.11%
ADM	D	0.11%
HUBB	B	0.11%
BIIB	F	0.11%
NTAP	C	0.11%
HAL	C	0.11%
BLDR	F	0.1%
STE	D	0.1%
ATO	A	0.1%
STLD	B	0.1%
ZBH	C	0.1%
LYB	F	0.1%
WDC	F	0.1%
PTC	B	0.1%
WY	D	0.1%
WST	C	0.1%
IFF	D	0.1%
MKC	C	0.09%
ARE	F	0.09%
LH	B	0.09%
ZBRA	B	0.09%
FSLR	F	0.09%
PKG	A	0.09%
EXPD	D	0.08%
GPC	F	0.08%
PNR	B	0.08%
IEX	B	0.08%
TER	F	0.08%
ICLR	D	0.08%
DGX	A	0.08%
TRMB	B	0.08%
HOLX	D	0.08%
ULTA	F	0.08%
SNA	B	0.08%
PODD	B	0.08%
EL	F	0.07%
RVTY	D	0.07%
CF	A	0.07%
APTV	F	0.07%
JBHT	C	0.07%
FLEX	A	0.07%
MRO	A	0.07%
IP	A	0.07%
ALGN	D	0.07%
BURL	B	0.07%
DLTR	F	0.06%
BMRN	F	0.06%
JNPR	D	0.06%
AKAM	F	0.06%
REG	A	0.06%
POOL	D	0.06%
SWK	F	0.06%
ROL	B	0.06%
FFIV	A	0.06%
CRL	D	0.05%
ALB	B	0.05%
TECH	F	0.05%
SMCI	F	0.05%
OKTA	D	0.05%
BG	D	0.05%
TFX	F	0.04%
SCCO	F	0.04%
DAL	A	0.04%
LKQ	F	0.04%
WBA	F	0.03%
QRVO	F	0.03%
UAL	A	0.03%
GFS	C	0.02%
WLK	F	0.02%
LUV	B	0.02%
AGR	A	0.01%
LEN	D	0.0%

HLAL Underweight 15 Positions Relative to IXP

Symbol	Grade	Weight
NFLX	A	-5.0%
DIS	B	-4.88%
VZ	C	-3.94%
CMCSA	B	-3.88%
T	A	-3.8%
TMUS	B	-2.7%
CHTR	B	-0.88%
BIDU	D	-0.56%
WBD	B	-0.48%
LYV	A	-0.47%
CHT	D	-0.34%
FOXA	B	-0.24%
MTCH	F	-0.19%
PARA	D	-0.15%
FOX	A	-0.13%