HLAL vs. QLC ETF Comparison

Comparison of Wahed FTSE USA Shariah ETF (HLAL) to FlexShares US Quality Large Cap Index Fund (QLC)

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

$52.60

Average Daily Volume

60,755

Number of Holdings ^*

198

* may have additional holdings in another (foreign) market

QLC

FlexShares US Quality Large Cap Index Fund

QLC Description

FlexShares Trust - FlexShares US Quality Large Cap Index Fund is an exchange traded fund launched by Northern Trust Corporation. The fund is managed by Northern Trust Investments, Incorporated. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in momentum stocks of large-cap companies. The fund seeks to track the performance of the Northern Trust Quality Large Cap Index, by employing representative sampling methodology. FlexShares Trust - FlexShares US Quality Large Cap Index Fund is domiciled in the United States.

Grade (RS Rating)

Last Trade

$67.43

Average Daily Volume

43,756

Number of Holdings ^*

164

* may have additional holdings in another (foreign) market

Performance

Period	HLAL	QLC
30 Days	2.35%	3.14%
60 Days	1.62%	4.71%
90 Days	3.31%	6.03%
12 Months	20.13%	34.37%

60 Overlapping Holdings

Symbol	Grade	Weight in HLAL	Weight in QLC	Overlap
AAPL	C	14.91%	7.51%	7.51%
ABT	B	0.9%	0.13%	0.13%
ADBE	C	0.98%	0.82%	0.82%
ADI	D	0.47%	0.47%	0.47%
ADM	D	0.11%	0.02%	0.02%
ADP	B	0.55%	0.05%	0.05%
AMAT	F	0.63%	0.66%	0.63%
CAH	B	0.13%	0.21%	0.13%
CMI	A	0.22%	0.31%	0.22%
COR	B	0.18%	0.56%	0.18%
CRM	B	1.36%	0.04%	0.04%
CSCO	B	1.04%	1.25%	1.04%
DELL	C	0.16%	0.33%	0.16%
DHR	F	0.67%	0.04%	0.04%
EA	A	0.2%	0.28%	0.2%
EBAY	D	0.14%	0.47%	0.14%
EMR	A	0.33%	0.02%	0.02%
EXPD	D	0.08%	0.38%	0.08%
FLEX	A	0.07%	0.07%	0.07%
GEHC	F	0.17%	0.07%	0.07%
GOOG	C	3.91%	2.82%	2.82%
GOOGL	C	4.63%	2.85%	2.85%
GWW	B	0.22%	0.64%	0.22%
HOLX	D	0.08%	0.2%	0.08%
ICLR	D	0.07%	0.14%	0.07%
IDXX	F	0.15%	0.18%	0.15%
IT	C	0.17%	0.19%	0.17%
JNJ	D	1.65%	1.48%	1.48%
KLAC	D	0.37%	0.64%	0.37%
LEN	D	0.0%	0.09%	0.0%
LEN	D	0.18%	0.09%	0.09%
LH	C	0.09%	0.33%	0.09%
LRCX	F	0.41%	0.72%	0.41%
LYB	F	0.1%	0.11%	0.1%
MCK	B	0.36%	0.77%	0.36%
META	D	5.55%	2.34%	2.34%
MMM	D	0.32%	0.25%	0.25%
MPC	D	0.25%	0.54%	0.25%
MRK	F	1.11%	0.88%	0.88%
MSFT	F	13.84%	4.69%	4.69%
NTAP	C	0.11%	0.17%	0.11%
NUE	C	0.16%	0.39%	0.16%
OMC	C	0.09%	0.39%	0.09%
OXY	D	0.15%	0.21%	0.15%
PCAR	B	0.25%	0.3%	0.25%
PG	A	1.81%	1.27%	1.27%
PHM	D	0.12%	0.23%	0.12%
PSX	C	0.25%	0.19%	0.19%
QCOM	F	0.77%	0.66%	0.66%
REGN	F	0.35%	0.06%	0.06%
RMD	C	0.16%	0.38%	0.16%
ROP	B	0.26%	0.03%	0.03%
SMCI	F	0.06%	0.02%	0.02%
STLD	B	0.1%	0.47%	0.1%
SYK	C	0.63%	0.05%	0.05%
TSLA	B	4.25%	0.73%	0.73%
UPS	C	0.43%	0.37%	0.37%
VLO	C	0.2%	0.53%	0.2%
WAB	B	0.15%	0.28%	0.15%
WY	D	0.1%	0.43%	0.1%

HLAL Overweight 138 Positions Relative to QLC

Symbol	Grade	Weight
XOM	B	2.42%
CVX	A	1.24%
KO	D	1.1%
AMD	F	0.99%
LIN	D	0.97%
NOW	A	0.92%
TMO	F	0.87%
ISRG	A	0.85%
TXN	C	0.81%
PFE	D	0.63%
UBER	D	0.62%
TJX	A	0.61%
BSX	B	0.6%
COP	C	0.6%
PANW	C	0.54%
MDT	D	0.49%
MU	D	0.49%
PLD	D	0.48%
INTC	D	0.46%
TT	A	0.42%
GEV	B	0.41%
NKE	D	0.4%
MDLZ	F	0.39%
SNPS	B	0.37%
WELL	A	0.37%
CDNS	B	0.37%
MRVL	B	0.35%
CTAS	B	0.34%
APD	A	0.33%
CEG	D	0.33%
ADSK	A	0.3%
BDX	F	0.29%
FDX	B	0.29%
SLB	C	0.28%
CARR	D	0.28%
JCI	C	0.25%
NXPI	D	0.25%
PWR	A	0.22%
DHI	D	0.22%
VRT	B	0.22%
NEM	D	0.22%
ROST	C	0.21%
FAST	B	0.21%
AXON	A	0.2%
BKR	B	0.2%
KVUE	A	0.2%
HES	B	0.19%
IR	B	0.19%
EW	C	0.19%
ODFL	B	0.19%
CTVA	C	0.18%
LULU	C	0.17%
A	D	0.17%
MLM	B	0.16%
HPQ	B	0.16%
GLW	B	0.16%
VMC	B	0.16%
DD	D	0.15%
KDP	D	0.15%
FANG	D	0.15%
GRMN	B	0.14%
ROK	B	0.14%
TTWO	A	0.14%
PPG	F	0.13%
ON	D	0.13%
TSCO	D	0.13%
XYL	D	0.13%
ANSS	B	0.13%
VLTO	D	0.12%
DOW	F	0.12%
FTV	C	0.12%
CHD	B	0.12%
DOV	A	0.12%
HAL	C	0.12%
HUBB	B	0.11%
DVN	F	0.11%
TYL	B	0.11%
PKG	A	0.1%
ATO	A	0.1%
PTC	A	0.1%
ZBH	C	0.1%
WST	C	0.1%
BIIB	F	0.1%
IFF	D	0.1%
MKC	D	0.09%
ZBRA	B	0.09%
FSLR	F	0.09%
STE	F	0.09%
WDC	D	0.09%
ILMN	D	0.09%
BLDR	D	0.09%
ALGN	D	0.08%
GPC	D	0.08%
IEX	B	0.08%
BURL	A	0.08%
PNR	A	0.08%
TRMB	B	0.08%
DGX	A	0.08%
ARE	D	0.08%
SNA	A	0.08%
PODD	C	0.08%
JBHT	C	0.07%
EL	F	0.07%
MRO	B	0.07%
TER	D	0.07%
ULTA	F	0.07%
CF	B	0.07%
IP	B	0.07%
BG	F	0.06%
DLTR	F	0.06%
ALB	C	0.06%
SWK	D	0.06%
AKAM	D	0.06%
POOL	C	0.06%
REG	B	0.06%
RVTY	F	0.06%
ROL	B	0.06%
FFIV	B	0.06%
APTV	D	0.06%
DAL	C	0.05%
TECH	D	0.05%
IPG	D	0.05%
NWSA	B	0.05%
JNPR	F	0.05%
OKTA	C	0.05%
BMRN	D	0.05%
TFX	F	0.04%
SCCO	F	0.04%
CRL	C	0.04%
LKQ	D	0.04%
WBA	F	0.03%
QRVO	F	0.03%
UAL	A	0.03%
NWS	B	0.02%
GFS	C	0.02%
WLK	D	0.02%
LUV	C	0.02%
AGR	B	0.01%

HLAL Underweight 105 Positions Relative to QLC

Symbol	Grade	Weight
NVDA	C	-6.54%
BRK.A	B	-2.35%
AMZN	C	-2.34%
JPM	A	-2.1%
AVGO	D	-1.69%
BAC	A	-1.5%
C	A	-1.25%
LLY	F	-1.14%
ORCL	B	-1.12%
INTU	C	-1.08%
GE	D	-0.96%
CAT	B	-0.95%
SO	D	-0.84%
T	A	-0.78%
CMCSA	B	-0.78%
ITW	B	-0.77%
CI	F	-0.76%
COF	B	-0.72%
MS	A	-0.69%
NFLX	A	-0.69%
BK	A	-0.68%
GS	A	-0.68%
FICO	B	-0.68%
ACN	C	-0.68%
ETR	B	-0.66%
BKNG	A	-0.66%
HD	A	-0.66%
SPG	B	-0.64%
CBRE	B	-0.63%
AFL	B	-0.62%
PEG	A	-0.61%
LMT	D	-0.58%
AZO	C	-0.56%
PPL	B	-0.56%
SYF	B	-0.56%
AMGN	D	-0.55%
MET	A	-0.55%
AVB	B	-0.55%
LDOS	C	-0.54%
PM	B	-0.54%
NVR	D	-0.54%
APP	B	-0.53%
ESS	B	-0.53%
AIG	B	-0.52%
ED	D	-0.51%
FTNT	C	-0.5%
PSA	D	-0.48%
NRG	B	-0.47%
CHKP	D	-0.46%
KR	B	-0.46%
WFC	A	-0.45%
LOW	D	-0.45%
BMY	B	-0.44%
STT	A	-0.44%
HST	C	-0.44%
EQR	B	-0.44%
KMB	D	-0.43%
RCL	A	-0.4%
DVA	B	-0.39%
MELI	D	-0.38%
EXC	C	-0.38%
CSL	C	-0.35%
GIS	D	-0.34%
CTSH	B	-0.34%
FIS	C	-0.34%
CL	D	-0.33%
ALLY	C	-0.33%
MTD	D	-0.31%
CNC	D	-0.29%
MO	A	-0.29%
TAP	C	-0.28%
PRU	A	-0.28%
FITB	A	-0.27%
JBL	B	-0.27%
MAS	D	-0.24%
DASH	A	-0.24%
ABNB	C	-0.22%
MCHP	D	-0.22%
EIX	B	-0.21%
HOOD	B	-0.21%
HCA	F	-0.19%
ABBV	D	-0.19%
BBY	D	-0.19%
FI	A	-0.18%
DFS	B	-0.18%
PAYX	C	-0.16%
GILD	C	-0.15%
THC	D	-0.14%
UTHR	C	-0.13%
WSM	B	-0.13%
EME	C	-0.12%
ELV	F	-0.12%
MANH	D	-0.11%
CRBG	B	-0.09%
AOS	F	-0.08%
CE	F	-0.07%
ZM	B	-0.06%
TGT	F	-0.06%
EXPE	B	-0.05%
EVRG	A	-0.03%
JLL	D	-0.03%
MEDP	D	-0.02%
MAA	B	-0.02%
TXT	D	-0.02%
LAMR	D	-0.02%