HLAL vs. AFLG ETF Comparison

Comparison of Wahed FTSE USA Shariah ETF (HLAL) to Active Factor Large Cap ETF (AFLG)

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

AFLG

Active Factor Large Cap ETF

AFLG Description

The investment seeks to provide capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by large capitalization companies. The manager defines large capitalization companies as those that, at the time of investment, have a minimum market capitalization equal to or greater than the minimum market capitalization of a widely recognized index of large capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$35.73

Average Daily Volume

35,934

Number of Holdings ^*

248

* may have additional holdings in another (foreign) market

Performance

Period	HLAL	AFLG
30 Days	2.35%	4.50%
60 Days	1.62%	5.60%
90 Days	3.31%	7.89%
12 Months	20.13%	37.65%

75 Overlapping Holdings

Symbol	Grade	Weight in HLAL	Weight in AFLG	Overlap
AAPL	C	14.91%	7.06%	7.06%
ADBE	C	0.98%	0.31%	0.31%
ADM	D	0.11%	0.06%	0.06%
AMAT	F	0.63%	0.34%	0.34%
BG	F	0.06%	0.07%	0.06%
BLDR	D	0.09%	0.33%	0.09%
BSX	B	0.6%	0.68%	0.6%
CAH	B	0.13%	0.11%	0.11%
CDNS	B	0.37%	0.05%	0.05%
CEG	D	0.33%	0.62%	0.33%
CF	B	0.07%	0.42%	0.07%
CMI	A	0.22%	0.51%	0.22%
COR	B	0.18%	0.57%	0.18%
CRM	B	1.36%	0.59%	0.59%
CSCO	B	1.04%	0.44%	0.44%
CTAS	B	0.34%	0.7%	0.34%
CVX	A	1.24%	0.45%	0.45%
DELL	C	0.16%	0.14%	0.14%
DHI	D	0.22%	0.32%	0.22%
DVN	F	0.11%	0.29%	0.11%
EA	A	0.2%	0.32%	0.2%
EBAY	D	0.14%	0.1%	0.1%
FDX	B	0.29%	0.24%	0.24%
FFIV	B	0.06%	0.6%	0.06%
GOOGL	C	4.63%	2.04%	2.04%
GRMN	B	0.14%	0.41%	0.14%
GWW	B	0.22%	0.2%	0.2%
HOLX	D	0.08%	0.04%	0.04%
HPQ	B	0.16%	0.49%	0.16%
IP	B	0.07%	0.34%	0.07%
IPG	D	0.05%	0.07%	0.05%
IT	C	0.17%	0.12%	0.12%
JNJ	D	1.65%	0.7%	0.7%
KLAC	D	0.37%	0.1%	0.1%
KO	D	1.1%	0.33%	0.33%
LEN	D	0.18%	0.32%	0.18%
LEN	D	0.0%	0.32%	0.0%
LH	C	0.09%	0.09%	0.09%
LKQ	D	0.04%	0.16%	0.04%
LYB	F	0.1%	0.07%	0.07%
MCK	B	0.36%	0.53%	0.36%
META	D	5.55%	1.8%	1.8%
MMM	D	0.32%	0.55%	0.32%
MPC	D	0.25%	0.13%	0.13%
MRK	F	1.11%	0.62%	0.62%
MSFT	F	13.84%	4.6%	4.6%
NTAP	C	0.11%	0.63%	0.11%
NUE	C	0.16%	0.37%	0.16%
NWSA	B	0.05%	0.2%	0.05%
NXPI	D	0.25%	0.05%	0.05%
PCAR	B	0.25%	0.39%	0.25%
PG	A	1.81%	0.84%	0.84%
PHM	D	0.12%	0.52%	0.12%
PKG	A	0.1%	0.36%	0.1%
PPG	F	0.13%	0.19%	0.13%
PSX	C	0.25%	0.09%	0.09%
QCOM	F	0.77%	0.88%	0.77%
QRVO	F	0.03%	0.05%	0.03%
RMD	C	0.16%	0.1%	0.1%
ROL	B	0.06%	0.06%	0.06%
ROST	C	0.21%	0.04%	0.04%
SCCO	F	0.04%	0.11%	0.04%
SNA	A	0.08%	0.63%	0.08%
SNPS	B	0.37%	0.06%	0.06%
STLD	B	0.1%	0.47%	0.1%
SYK	C	0.63%	0.15%	0.15%
TJX	A	0.61%	0.38%	0.38%
TT	A	0.42%	0.49%	0.42%
ULTA	F	0.07%	0.14%	0.07%
VLO	C	0.2%	0.31%	0.2%
VRT	B	0.22%	0.16%	0.16%
WAB	B	0.15%	0.38%	0.15%
WBA	F	0.03%	0.03%	0.03%
WELL	A	0.37%	0.32%	0.32%
XOM	B	2.42%	0.74%	0.74%

HLAL Overweight 123 Positions Relative to AFLG

Symbol	Grade	Weight
TSLA	B	4.25%
GOOG	C	3.91%
AMD	F	0.99%
LIN	D	0.97%
NOW	A	0.92%
ABT	B	0.9%
TMO	F	0.87%
ISRG	A	0.85%
TXN	C	0.81%
DHR	F	0.67%
PFE	D	0.63%
UBER	D	0.62%
COP	C	0.6%
ADP	B	0.55%
PANW	C	0.54%
MDT	D	0.49%
MU	D	0.49%
PLD	D	0.48%
ADI	D	0.47%
INTC	D	0.46%
UPS	C	0.43%
LRCX	F	0.41%
GEV	B	0.41%
NKE	D	0.4%
MDLZ	F	0.39%
REGN	F	0.35%
MRVL	B	0.35%
EMR	A	0.33%
APD	A	0.33%
ADSK	A	0.3%
BDX	F	0.29%
SLB	C	0.28%
CARR	D	0.28%
ROP	B	0.26%
JCI	C	0.25%
PWR	A	0.22%
NEM	D	0.22%
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%
GEHC	F	0.17%
A	D	0.17%
MLM	B	0.16%
GLW	B	0.16%
VMC	B	0.16%
DD	D	0.15%
OXY	D	0.15%
KDP	D	0.15%
FANG	D	0.15%
IDXX	F	0.15%
ROK	B	0.14%
TTWO	A	0.14%
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%
TYL	B	0.11%
ATO	A	0.1%
PTC	A	0.1%
ZBH	C	0.1%
WY	D	0.1%
WST	C	0.1%
BIIB	F	0.1%
IFF	D	0.1%
OMC	C	0.09%
MKC	D	0.09%
ZBRA	B	0.09%
FSLR	F	0.09%
STE	F	0.09%
WDC	D	0.09%
ILMN	D	0.09%
ALGN	D	0.08%
EXPD	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%
PODD	C	0.08%
JBHT	C	0.07%
EL	F	0.07%
FLEX	A	0.07%
MRO	B	0.07%
TER	D	0.07%
ICLR	D	0.07%
DLTR	F	0.06%
SMCI	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%
APTV	D	0.06%
DAL	C	0.05%
TECH	D	0.05%
JNPR	F	0.05%
OKTA	C	0.05%
BMRN	D	0.05%
TFX	F	0.04%
CRL	C	0.04%
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 174 Positions Relative to AFLG

Symbol	Grade	Weight
NVDA	C	-5.45%
AMZN	C	-1.78%
BRK.A	B	-1.57%
APP	B	-1.29%
AVGO	D	-1.27%
VST	B	-1.26%
HIG	B	-1.11%
MO	A	-0.99%
NFLX	A	-0.91%
COST	B	-0.9%
UHS	D	-0.89%
ABBV	D	-0.82%
NRG	B	-0.81%
FICO	B	-0.8%
RL	B	-0.79%
AFL	B	-0.75%
BK	A	-0.73%
PGR	A	-0.73%
EME	C	-0.68%
ELV	F	-0.67%
RS	B	-0.66%
WMT	A	-0.61%
BMY	B	-0.58%
CL	D	-0.58%
APH	A	-0.58%
SPG	B	-0.58%
PEG	A	-0.57%
GILD	C	-0.57%
CAT	B	-0.56%
GDDY	A	-0.55%
ETN	A	-0.55%
CMCSA	B	-0.55%
FOXA	B	-0.55%
FE	C	-0.52%
ECL	D	-0.52%
MAS	D	-0.5%
VZ	C	-0.49%
MAA	B	-0.47%
BBY	D	-0.47%
NVR	D	-0.47%
TPR	B	-0.47%
KR	B	-0.47%
HWM	A	-0.46%
CTSH	B	-0.45%
VICI	C	-0.44%
IBM	C	-0.44%
GLPI	C	-0.42%
CNA	B	-0.42%
LLY	F	-0.42%
WSM	B	-0.41%
AXP	A	-0.41%
ICE	C	-0.4%
MSI	B	-0.39%
CSL	C	-0.39%
HSIC	B	-0.39%
IBKR	A	-0.39%
CBOE	B	-0.38%
AOS	F	-0.38%
HST	C	-0.37%
HLT	A	-0.36%
TRGP	B	-0.36%
FIS	C	-0.36%
RHI	B	-0.36%
OC	A	-0.36%
TMUS	B	-0.35%
PM	B	-0.35%
LMT	D	-0.34%
CMG	B	-0.32%
LOW	D	-0.31%
V	A	-0.3%
BRO	B	-0.3%
EVRG	A	-0.29%
RF	A	-0.29%
WU	D	-0.29%
SYF	B	-0.29%
AIG	B	-0.28%
VSCO	B	-0.28%
DECK	A	-0.28%
BKNG	A	-0.28%
CFG	B	-0.27%
UNH	C	-0.27%
OGN	D	-0.27%
MANH	D	-0.25%
SOLV	C	-0.25%
MTCH	D	-0.25%
ED	D	-0.25%
LII	A	-0.25%
ERIE	D	-0.24%
EIX	B	-0.23%
CME	A	-0.23%
ZM	B	-0.23%
PH	A	-0.23%
KEYS	A	-0.22%
INCY	C	-0.22%
ACN	C	-0.22%
MA	C	-0.21%
VRSN	F	-0.21%
VTR	C	-0.21%
ALNY	D	-0.21%
WPC	D	-0.21%
EXPE	B	-0.21%
TROW	B	-0.2%
SWKS	F	-0.2%
SHW	A	-0.19%
CNC	D	-0.19%
CVS	D	-0.18%
JBL	B	-0.18%
L	A	-0.18%
T	A	-0.18%
HUM	C	-0.17%
BAH	F	-0.17%
BEN	C	-0.17%
AZO	C	-0.17%
ACGL	D	-0.17%
TOL	B	-0.16%
AMP	A	-0.16%
GL	B	-0.16%
AIZ	A	-0.16%
CI	F	-0.15%
EG	C	-0.15%
CPT	B	-0.15%
GE	D	-0.15%
BBWI	D	-0.13%
ANET	C	-0.13%
LDOS	C	-0.13%
SO	D	-0.13%
FI	A	-0.12%
RPM	A	-0.11%
GEN	B	-0.1%
EQR	B	-0.1%
VTRS	A	-0.1%
KHC	F	-0.1%
ETSY	D	-0.09%
PRU	A	-0.09%
SSNC	B	-0.09%
CRBG	B	-0.09%
BLK	C	-0.09%
ALL	A	-0.08%
TPL	A	-0.08%
J	F	-0.08%
DXC	B	-0.08%
MOH	F	-0.08%
SPGI	C	-0.08%
CVNA	B	-0.07%
TXT	D	-0.07%
DINO	D	-0.06%
DASH	A	-0.06%
WSO	A	-0.06%
ZION	B	-0.06%
ORLY	B	-0.06%
UDR	B	-0.05%
PPL	B	-0.05%
DPZ	C	-0.05%
ESS	B	-0.05%
AVB	B	-0.05%
WTW	B	-0.05%
MCO	B	-0.05%
EPAM	C	-0.05%
STT	A	-0.05%
PSA	D	-0.05%
KMB	D	-0.05%
PINS	D	-0.04%
AMCR	D	-0.04%
PFG	D	-0.04%
IVZ	B	-0.04%
MET	A	-0.04%
DKS	C	-0.04%
UTHR	C	-0.04%
MOS	F	-0.03%
CDW	F	-0.03%
BWA	D	-0.03%
ALLE	D	-0.01%
EQH	B	-0.0%
TDG	D	-0.0%