Key stats
About Wahed Dow Jones Islamic World ETF
Expense ratio
0.65%
Home page
Inception date
Jan 7, 2022
UMMA, though actively managed, seeks to achieve similar returns as the Dow Jones Islamic Market International Titans 100 Index. In doing so, the fund invests in a portfolio that generally replicates the indexs holdings, which comprises 100 of the largest Shariah-compliant companies outside the US. This includes firms from developed, emerging, and frontier markets. The selection process starts by removing companies that derive more than 5% of their revenue from Shariah-prohibited activities such as: non-Islamic finance, alcohol, tobacco, weapon, pork-related products, and certain forms of entertainment. Remaining firms are then filtered using accounting-based screens that focus on certain financial ratios. In addition, companies are further screened to assess ESG risks relating to issues, such as illegal commercial practices, human rights, labor disputes, and workplace safety. UMMAs international exposure complements HLAL, its sibling fund that holds Shariah-compliant US securities.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Electronic Technology
Health Technology
Technology Services
Stocks99.23%
Electronic Technology25.73%
Health Technology19.91%
Technology Services13.77%
Producer Manufacturing9.74%
Consumer Non-Durables8.03%
Non-Energy Minerals4.49%
Transportation4.10%
Retail Trade3.76%
Process Industries2.67%
Energy Minerals2.20%
Commercial Services1.65%
Consumer Durables1.53%
Consumer Services0.70%
Finance0.54%
Distribution Services0.42%
Bonds, Cash & Other0.77%
Cash0.77%
Stock breakdown by region
Europe50.47%
North America25.39%
Asia19.38%
Oceania4.76%
Latin America0.00%
Africa0.00%
Middle East0.00%
Top 10 holdings
Dividends
Dividend payout history