HLAL vs. RAFE ETF Comparison

Comparison of Wahed FTSE USA Shariah ETF (HLAL) to PIMCO RAFI ESG U.S. ETF (RAFE)

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

RAFE

PIMCO RAFI ESG U.S. ETF

RAFE Description

The investment seeks to provide total return that closely corresponds, before fees and expenses, to the total return of the RAFI ESG US Index. The fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its total assets in the component securities of the RAFI ESG US Index. The underlying index is constructed by RAFI Indices, LLC using a rules-based approach within publicly traded U.S. equities to create an integrated ESG strategy which overweights companies that rate well across various ESG themes and excludes companies with a major involvement in industries such as tobacco, gaming, weapons and fossil fuels.

Grade (RS Rating)

Last Trade

$36.85

Average Daily Volume

5,207

Number of Holdings ^*

233

* may have additional holdings in another (foreign) market

Performance

Period	HLAL	RAFE
30 Days	2.12%	2.88%
60 Days	2.04%	3.07%
90 Days	3.07%	4.25%
12 Months	23.14%	24.22%

93 Overlapping Holdings

Symbol	Grade	Weight in HLAL	Weight in RAFE	Overlap
A	C	0.19%	0.14%	0.14%
AAPL	C	14.99%	5.36%	5.36%
ABT	C	0.98%	0.95%	0.95%
ADBE	F	1.21%	0.59%	0.59%
ADI	C	0.5%	0.22%	0.22%
ADM	D	0.14%	0.21%	0.14%
ADP	B	0.54%	0.33%	0.33%
AKAM	D	0.07%	0.06%	0.06%
AMAT	D	0.68%	0.7%	0.68%
AMD	D	1.1%	0.12%	0.12%
APD	B	0.28%	0.28%	0.28%
BDX	D	0.33%	0.27%	0.27%
BIIB	F	0.14%	0.28%	0.14%
BSX	B	0.57%	0.14%	0.14%
CAH	C	0.13%	0.23%	0.13%
CDNS	D	0.32%	0.09%	0.09%
CF	C	0.07%	0.1%	0.07%
CHD	D	0.12%	0.05%	0.05%
CMI	C	0.19%	0.26%	0.19%
CRM	D	1.14%	0.24%	0.24%
CSCO	C	0.95%	1.98%	0.95%
CTVA	B	0.19%	0.04%	0.04%
DD	B	0.16%	0.51%	0.16%
DGX	B	0.08%	0.09%	0.08%
DHR	B	0.83%	0.35%	0.35%
DOV	B	0.12%	0.06%	0.06%
DOW	D	0.17%	0.47%	0.17%
DOX	C	0.05%	0.07%	0.05%
EA	D	0.18%	0.22%	0.18%
EL	F	0.09%	0.09%	0.09%
EW	F	0.19%	0.11%	0.11%
FAST	C	0.18%	0.07%	0.07%
FDX	C	0.31%	0.45%	0.31%
FLEX	C	0.06%	0.04%	0.04%
GEHC	C	0.17%	0.15%	0.15%
GILD	B	0.51%	0.71%	0.51%
GPC	D	0.09%	0.07%	0.07%
GWW	B	0.2%	0.14%	0.14%
HOLX	C	0.09%	0.08%	0.08%
HPQ	D	0.16%	0.52%	0.16%
HSIC	C	0.04%	0.04%	0.04%
IFF	B	0.12%	0.08%	0.08%
ILMN	C	0.09%	0.02%	0.02%
INTC	F	0.38%	1.59%	0.38%
IP	B	0.08%	0.28%	0.08%
ISRG	B	0.77%	0.1%	0.1%
JCI	B	0.22%	0.38%	0.22%
JNJ	C	1.93%	2.83%	1.93%
JNPR	B	0.06%	0.17%	0.06%
KDP	B	0.19%	0.12%	0.12%
KLAC	D	0.43%	0.15%	0.15%
KO	C	1.31%	0.94%	0.94%
LEA	F	0.03%	0.08%	0.03%
LIN	B	1.06%	1.08%	1.06%
LKQ	F	0.05%	0.07%	0.05%
LRCX	F	0.44%	0.44%	0.44%
MCK	F	0.31%	0.29%	0.29%
MDLZ	B	0.48%	0.28%	0.28%
META	B	5.25%	1.93%	1.93%
MMM	B	0.34%	0.96%	0.34%
MOS	F	0.04%	0.12%	0.04%
MRK	D	1.4%	1.62%	1.4%
MRVL	C	0.28%	0.06%	0.06%
MSFT	C	14.26%	4.9%	4.9%
MU	F	0.42%	0.76%	0.42%
NEM	B	0.28%	0.44%	0.28%
NKE	D	0.46%	0.38%	0.38%
NTAP	D	0.11%	0.25%	0.11%
NWSA	D	0.05%	0.02%	0.02%
OMC	B	0.09%	0.12%	0.09%
ON	D	0.13%	0.08%	0.08%
PFE	C	0.8%	2.06%	0.8%
PG	C	1.96%	2.43%	1.96%
PKG	B	0.08%	0.11%	0.08%
PLD	C	0.56%	0.14%	0.14%
PPG	D	0.14%	0.17%	0.14%
QCOM	D	0.81%	1.36%	0.81%
ROK	D	0.14%	0.04%	0.04%
SNPS	F	0.33%	0.06%	0.06%
SOLV	C	0.04%	0.1%	0.04%
SWK	B	0.07%	0.08%	0.07%
SYK	C	0.61%	0.17%	0.17%
TER	D	0.09%	0.09%	0.09%
TJX	B	0.63%	0.4%	0.4%
TSCO	C	0.13%	0.09%	0.09%
TSLA	C	2.79%	0.33%	0.33%
TXN	C	0.85%	0.73%	0.73%
UPS	D	0.45%	0.41%	0.41%
WAB	A	0.13%	0.01%	0.01%
WBA	F	0.03%	0.11%	0.03%
WDC	D	0.09%	0.3%	0.09%
WELL	C	0.35%	0.28%	0.28%
WY	C	0.1%	0.2%	0.1%

HLAL Overweight 117 Positions Relative to RAFE

Symbol	Grade	Weight
GOOGL	D	4.16%
GOOG	D	3.51%
XOM	C	2.49%
CVX	D	1.17%
TMO	B	1.09%
NOW	B	0.84%
UBER	C	0.66%
COP	D	0.6%
MDT	C	0.57%
REGN	C	0.55%
PANW	D	0.49%
TT	B	0.36%
CTAS	B	0.32%
ROP	C	0.28%
SLB	F	0.28%
EMR	D	0.27%
NXPI	F	0.27%
MPC	F	0.27%
ADSK	C	0.26%
PSX	F	0.26%
CEG	C	0.26%
DHI	B	0.26%
GEV	B	0.25%
PCAR	D	0.23%
ROST	C	0.23%
LEN	B	0.21%
TEL	D	0.21%
VLO	F	0.21%
ODFL	D	0.18%
IDXX	C	0.18%
PWR	B	0.17%
RMD	C	0.17%
HES	F	0.17%
IT	B	0.17%
NUE	F	0.16%
OXY	F	0.16%
BKR	C	0.16%
IR	C	0.16%
GLW	C	0.15%
FANG	D	0.15%
VMC	D	0.14%
MLM	D	0.14%
LULU	D	0.14%
XYL	D	0.14%
PHM	B	0.13%
GRMN	D	0.13%
VLTO	C	0.12%
TYL	C	0.12%
FTV	C	0.12%
HAL	F	0.12%
TTWO	C	0.12%
ANSS	D	0.12%
DVN	F	0.12%
WST	D	0.11%
ICLR	D	0.11%
STE	C	0.11%
VST	C	0.11%
LYB	D	0.11%
MKC	C	0.1%
ZBH	F	0.1%
FSLR	C	0.1%
APTV	D	0.09%
BLDR	C	0.09%
PTC	D	0.09%
ATO	B	0.09%
HUBB	B	0.09%
ARE	C	0.09%
BURL	B	0.08%
CTRA	F	0.08%
STLD	F	0.08%
ALGN	D	0.08%
ULTA	D	0.08%
PODD	B	0.07%
ROL	C	0.07%
BG	D	0.07%
PNR	B	0.07%
IEX	D	0.07%
MRO	D	0.07%
BMRN	F	0.07%
ZBRA	B	0.07%
POOL	C	0.06%
SNA	C	0.06%
TRMB	C	0.06%
REG	C	0.06%
DLTR	F	0.06%
JBHT	D	0.06%
TWLO	D	0.05%
EXAS	C	0.05%
TFX	C	0.05%
OKTA	F	0.05%
TECH	C	0.05%
SW	B	0.05%
CHRW	B	0.05%
IPG	C	0.05%
FFIV	B	0.05%
FMC	C	0.04%
BWA	D	0.04%
SCCO	D	0.04%
PAYC	D	0.04%
GNRC	D	0.04%
DAY	D	0.04%
ALB	D	0.04%
CRL	F	0.04%
QRVO	F	0.04%
BIO	C	0.03%
RHI	D	0.03%
LBRDK	F	0.03%
ALV	F	0.03%
DAL	C	0.03%
UAL	C	0.02%
WLK	D	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 140 Positions Relative to RAFE

Symbol	Grade	Weight
JPM	D	-3.02%
C	D	-2.39%
T	C	-2.04%
WFC	D	-1.87%
IBM	B	-1.59%
GM	C	-1.53%
ABBV	C	-1.52%
HD	B	-1.36%
BMY	C	-1.23%
ORCL	C	-1.22%
CI	C	-1.2%
BAC	D	-1.16%
CMCSA	D	-1.16%
AMGN	B	-1.06%
ELV	C	-1.05%
UNH	C	-1.03%
VZ	B	-0.99%
AVGO	C	-0.97%
TGT	C	-0.91%
LOW	B	-0.88%
F	F	-0.85%
V	C	-0.85%
DIS	D	-0.8%
ACN	C	-0.76%
LLY	C	-0.74%
MA	B	-0.6%
MET	B	-0.56%
BLK	B	-0.5%
NVDA	D	-0.5%
AXP	B	-0.5%
ALL	B	-0.49%
PRU	C	-0.45%
BBY	C	-0.45%
GS	C	-0.45%
CL	D	-0.42%
HPE	D	-0.42%
PYPL	B	-0.41%
DE	B	-0.4%
WM	D	-0.34%
FIS	B	-0.33%
CARR	B	-0.32%
TMUS	C	-0.32%
PGR	B	-0.3%
GIS	B	-0.29%
KMB	D	-0.29%
HUM	F	-0.28%
CBRE	A	-0.26%
CCI	C	-0.26%
EBAY	B	-0.24%
ECL	B	-0.24%
ITW	C	-0.23%
HIG	B	-0.22%
AMP	A	-0.21%
CVS	D	-0.21%
STT	B	-0.2%
EIX	C	-0.2%
LUMN	C	-0.2%
KHC	C	-0.19%
VTR	C	-0.19%
MAR	C	-0.19%
SYY	D	-0.19%
AMT	C	-0.18%
EQIX	C	-0.18%
IRM	C	-0.18%
JLL	B	-0.17%
DVA	B	-0.16%
BK	B	-0.16%
MSI	B	-0.16%
CTSH	C	-0.16%
SPGI	B	-0.16%
WHR	D	-0.15%
EQR	B	-0.14%
MCO	B	-0.14%
VFC	C	-0.14%
BALL	C	-0.14%
K	B	-0.14%
SHW	B	-0.14%
OC	D	-0.14%
TSN	C	-0.13%
DG	F	-0.13%
PARA	F	-0.13%
AVB	B	-0.13%
BAX	C	-0.13%
ARW	C	-0.13%
PFG	B	-0.13%
KSS	F	-0.13%
ZTS	C	-0.12%
AWK	B	-0.12%
NFLX	B	-0.12%
CDW	D	-0.1%
HLT	B	-0.1%
VTRS	D	-0.1%
GAP	F	-0.1%
PVH	F	-0.09%
LNC	D	-0.09%
HST	C	-0.09%
FITB	B	-0.09%
OTIS	C	-0.08%
AVT	C	-0.08%
SJM	C	-0.08%
WAT	C	-0.08%
MHK	C	-0.08%
FOXA	B	-0.08%
USFD	B	-0.07%
HAS	B	-0.07%
PAYX	C	-0.07%
TPR	C	-0.07%
EQH	C	-0.06%
O	C	-0.06%
MCHP	F	-0.06%
RSG	D	-0.06%
MAA	B	-0.06%
DXC	C	-0.05%
FL	D	-0.05%
XRX	D	-0.05%
HSY	C	-0.05%
CPB	C	-0.05%
ESS	B	-0.05%
DELL	D	-0.05%
BKNG	C	-0.05%
NWL	C	-0.04%
TROW	D	-0.04%
NTRS	A	-0.04%
OGN	D	-0.04%
CAG	C	-0.04%
KEYS	C	-0.04%
HUN	D	-0.04%
WU	F	-0.04%
KD	D	-0.03%
AAP	F	-0.03%
VNO	C	-0.03%
AGCO	D	-0.03%
ORLY	C	-0.02%
GT	F	-0.02%
KLG	C	-0.01%
HRL	C	-0.01%
NDAQ	A	-0.01%
MAN	C	-0.01%
KIM	C	-0.01%
ANET	B	-0.01%