HLAL vs. MFDX ETF Comparison

Comparison of Wahed FTSE USA Shariah ETF (HLAL) to PIMCO Equitiy Series PIMCO RAFI Dynamic Multi-Factor International Equity ETF (MFDX)

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

$51.29

Average Daily Volume

68,589

Number of Holdings ^*

196

* may have additional holdings in another (foreign) market

MFDX

PIMCO Equitiy Series PIMCO RAFI Dynamic Multi-Factor International Equity ETF

MFDX Description

The investment seeks to track the investment results of the RAFI Dynamic Multi-Factor Emerging Markets Index. The fund seeks to achieve its investment objective by investing at least 80% of its total assets (exclusive of collateral held from securities lending) in the component securities of the RAFI Dynamic Multi-Factor Emerging Markets Index. The underlying index is constructed by RAFI Indices, LLC using a rules-based approach to construct factor portfolios within the underlying index. The underlying index consists of "factor portfolios," each of which emphasizes one of the following factors: value, low volatility, quality and momentum.

Grade (RS Rating)

Last Trade

$31.49

Average Daily Volume

19,260

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HLAL	MFDX
30 Days	1.01%	0.41%
60 Days	5.05%	7.45%
90 Days	0.25%	5.85%
12 Months	26.08%	24.55%

6 Overlapping Holdings

Symbol	Grade	Weight in HLAL	Weight in MFDX	Overlap
GRMN	D	0.12%	0.21%	0.12%
ICLR	F	0.11%	0.11%	0.11%
LULU	D	0.14%	0.06%	0.06%
MDT	B	0.52%	0.35%	0.35%
NXPI	F	0.27%	0.32%	0.27%
TT	A	0.4%	0.33%	0.33%

HLAL Overweight 190 Positions Relative to MFDX

Symbol	Grade	Weight
AAPL	C	14.95%
MSFT	D	14.6%
META	A	5.66%
GOOGL	B	4.31%
GOOG	B	3.65%
TSLA	C	3.24%
XOM	A	2.34%
PG	C	1.85%
JNJ	D	1.76%
MRK	F	1.32%
KO	C	1.26%
AMD	D	1.18%
CRM	B	1.17%
CVX	B	1.13%
TMO	C	1.04%
LIN	B	1.04%
ADBE	F	1.04%
CSCO	A	0.97%
ABT	B	0.88%
TXN	C	0.85%
QCOM	D	0.85%
NOW	C	0.83%
DHR	C	0.79%
ISRG	A	0.78%
PFE	D	0.75%
AMAT	B	0.75%
UBER	C	0.7%
TJX	C	0.61%
SYK	C	0.59%
BSX	A	0.56%
COP	D	0.56%
PLD	D	0.53%
ADI	C	0.51%
ADP	A	0.51%
REGN	D	0.49%
PANW	D	0.48%
LRCX	D	0.48%
MU	D	0.48%
NKE	D	0.48%
KLAC	B	0.47%
INTC	D	0.46%
MDLZ	C	0.45%
UPS	D	0.44%
CEG	B	0.38%
SNPS	F	0.35%
WELL	C	0.35%
CDNS	D	0.34%
MMM	C	0.34%
CTAS	B	0.33%
GEV	B	0.32%
BDX	B	0.31%
APD	C	0.3%
CARR	A	0.3%
NEM	C	0.29%
MRVL	C	0.28%
MCK	F	0.28%
ROP	C	0.27%
EMR	B	0.27%
FDX	D	0.27%
SLB	D	0.27%
MPC	F	0.26%
ADSK	B	0.26%
PSX	D	0.25%
DHI	C	0.25%
ROST	C	0.23%
PCAR	D	0.23%
JCI	B	0.23%
PWR	B	0.2%
LEN	B	0.2%
CMI	B	0.2%
KVUE	C	0.2%
TEL	D	0.2%
GWW	A	0.2%
A	B	0.19%
IDXX	D	0.19%
GEHC	C	0.19%
VLO	F	0.19%
EW	F	0.18%
ODFL	D	0.18%
KDP	C	0.18%
CTVA	A	0.18%
FAST	B	0.18%
HES	D	0.17%
EA	D	0.17%
IR	A	0.17%
IT	C	0.17%
GLW	B	0.16%
RMD	C	0.16%
HPQ	C	0.16%
NUE	D	0.16%
DD	B	0.16%
BKR	B	0.16%
VRT	B	0.16%
FANG	D	0.15%
XYL	C	0.15%
EBAY	A	0.15%
DELL	C	0.15%
MLM	D	0.15%
VMC	D	0.15%
OXY	F	0.15%
PPG	D	0.14%
ON	F	0.14%
TSCO	A	0.14%
WAB	A	0.14%
BIIB	F	0.13%
ADM	D	0.13%
ANSS	D	0.13%
AXON	A	0.13%
PHM	A	0.13%
ROK	D	0.13%
HAL	F	0.12%
FSLR	C	0.12%
TTWO	F	0.12%
DOV	C	0.12%
CAH	B	0.12%
IFF	C	0.12%
FTV	B	0.12%
VLTO	A	0.12%
STE	D	0.11%
WY	B	0.11%
TYL	B	0.11%
LYB	D	0.11%
DVN	F	0.11%
NTAP	D	0.11%
CHD	C	0.11%
MKC	C	0.1%
EL	D	0.1%
ARE	D	0.1%
WDC	C	0.1%
ZBH	F	0.1%
WST	D	0.1%
SMCI	F	0.1%
HUBB	A	0.1%
BLDR	B	0.1%
PKG	C	0.09%
APTV	D	0.09%
ULTA	D	0.09%
GPC	D	0.09%
OMC	C	0.09%
ILMN	B	0.09%
TER	C	0.09%
ATO	A	0.09%
PTC	D	0.09%
PODD	C	0.08%
DGX	B	0.08%
BURL	D	0.08%
EXPD	C	0.08%
ALGN	D	0.08%
HOLX	D	0.08%
STLD	B	0.08%
ZBRA	A	0.08%
TRMB	B	0.07%
SNA	A	0.07%
MRO	D	0.07%
AKAM	D	0.07%
CF	A	0.07%
IEX	D	0.07%
PNR	C	0.07%
SWK	A	0.07%
FLEX	C	0.06%
JNPR	B	0.06%
FFIV	B	0.06%
BMRN	F	0.06%
REG	C	0.06%
BG	F	0.06%
POOL	B	0.06%
JBHT	D	0.06%
ROL	B	0.06%
DLTR	F	0.06%
NWSA	D	0.05%
ALB	D	0.05%
LKQ	F	0.05%
TFX	C	0.05%
IPG	C	0.05%
TECH	C	0.05%
OKTA	F	0.05%
DAL	C	0.04%
SCCO	B	0.04%
QRVO	F	0.04%
CRL	F	0.04%
WBA	F	0.03%
IP	C	0.02%
GFS	F	0.02%
LUV	B	0.02%
UAL	B	0.02%
WLK	C	0.02%
LEN	B	0.01%
DOW	B	0.01%
AGR	C	0.01%
NWS	D	0.01%

HLAL Underweight 46 Positions Relative to MFDX

Symbol	Grade	Weight
UL	C	-1.18%
ABBV	A	-0.67%
NVS	D	-0.65%
MUFG	D	-0.32%
ARM	C	-0.28%
MFG	D	-0.28%
SMFG	D	-0.24%
BCS	C	-0.24%
TM	D	-0.21%
HMC	D	-0.19%
WCN	D	-0.19%
CNI	D	-0.16%
SE	B	-0.16%
SPOT	B	-0.16%
DEO	B	-0.15%
LOGI	D	-0.14%
CHKP	C	-0.13%
TEVA	D	-0.1%
GOLD	C	-0.1%
LYG	C	-0.1%
RBA	D	-0.09%
WFG	A	-0.08%
E	B	-0.08%
CCEP	C	-0.06%
NMR	F	-0.06%
STLA	F	-0.06%
ALLE	A	-0.05%
ALV	F	-0.04%
QGEN	D	-0.04%
WIX	D	-0.04%
FRO	D	-0.03%
PDS	F	-0.03%
AEI	B	-0.03%
CYBR	C	-0.03%
AGCO	D	-0.03%
TNK	B	-0.02%
ASND	C	-0.02%
DOOO	F	-0.02%
MNDY	C	-0.02%
SONY	C	-0.02%
SFL	D	-0.01%
AER	D	-0.01%
YY	C	-0.01%
IAG	C	-0.01%
MBAVU	C	-0.0%
CSIQ	D	-0.0%