HLAL vs. CDEI ETF Comparison

Comparison of Wahed FTSE USA Shariah ETF (HLAL) to Morgan Stanley ETF Trust Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF (CDEI)

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

$50.50

Average Daily Volume

48,195

Number of Holdings ^*

205

* may have additional holdings in another (foreign) market

CDEI

Morgan Stanley ETF Trust Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF

CDEI Description

Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities included in the underlying index. The index is composed of common stocks of large companies that operate their businesses in a manner consistent with the Calvert Principles for Responsible Investment. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$67.76

Average Daily Volume

710

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HLAL	CDEI
30 Days	2.10%	2.63%
60 Days	9.31%	9.19%
90 Days	4.51%	4.27%
12 Months	19.75%	21.88%

3 Overlapping Holdings

Symbol	Grade	Weight in HLAL	Weight in CDEI	Overlap
AAPL	B	14.1%	13.51%	13.51%
LLY	B	3.31%	3.17%	3.17%
MSFT	A	15.02%	13.84%	13.84%

HLAL Overweight 202 Positions Relative to CDEI

Symbol	Grade	Weight
META	B	5.11%
GOOGL	A	4.81%
GOOG	A	4.1%
XOM	D	2.33%
TSLA	C	2.18%
PG	A	1.75%
JNJ	C	1.59%
MRK	A	1.47%
CVX	C	1.19%
AMD	B	1.12%
KO	A	1.11%
QCOM	B	1.08%
CRM	D	1.01%
TMO	D	1.0%
LIN	B	0.95%
ADBE	C	0.94%
AMAT	B	0.9%
CSCO	C	0.84%
ABT	C	0.84%
TXN	B	0.81%
DHR	B	0.78%
PFE	C	0.7%
NOW	C	0.69%
MU	B	0.67%
UBER	C	0.65%
LRCX	B	0.62%
COP	D	0.6%
INTC	F	0.56%
TJX	A	0.55%
SYK	B	0.55%
ADI	B	0.54%
BSX	A	0.51%
KLAC	B	0.5%
MDT	C	0.49%
NKE	C	0.49%
PLD	C	0.47%
ADP	B	0.46%
PANW	B	0.45%
UPS	D	0.44%
SNPS	B	0.41%
MDLZ	D	0.41%
BMY	D	0.39%
CDNS	B	0.38%
GILD	C	0.36%
MCK	A	0.35%
TT	B	0.34%
NXPI	B	0.34%
CEG	B	0.31%
BDX	C	0.3%
SLB	D	0.29%
MRVL	B	0.28%
APD	B	0.28%
CTAS	A	0.27%
MPC	C	0.27%
EMR	C	0.27%
FDX	C	0.26%
ROP	A	0.26%
PSX	C	0.26%
MMM	B	0.25%
CARR	B	0.24%
PCAR	D	0.24%
EW	B	0.23%
ADSK	B	0.22%
VLO	D	0.22%
TEL	A	0.21%
JCI	B	0.21%
ROST	A	0.21%
NEM	B	0.21%
OXY	D	0.19%
IDXX	D	0.19%
DHI	C	0.19%
GWW	C	0.18%
PWR	B	0.18%
DOW	D	0.18%
HES	D	0.18%
EA	B	0.17%
NUE	D	0.17%
CMI	C	0.17%
A	C	0.17%
IR	B	0.17%
DD	B	0.16%
ODFL	D	0.16%
FANG	C	0.16%
FAST	C	0.16%
LEN	D	0.16%
CTVA	C	0.16%
IT	C	0.15%
VMC	D	0.15%
XYL	B	0.15%
ON	D	0.15%
MLM	D	0.15%
LULU	F	0.15%
PPG	D	0.14%
HAL	D	0.14%
RMD	C	0.14%
HPQ	B	0.14%
KDP	A	0.14%
GEHC	C	0.14%
ADM	C	0.14%
BKR	C	0.14%
BIIB	C	0.14%
FSLR	C	0.14%
ANSS	C	0.13%
GLW	A	0.13%
TSCO	B	0.13%
WAB	C	0.13%
ROK	F	0.13%
DVN	D	0.13%
ICLR	B	0.12%
WDC	B	0.12%
NTAP	B	0.12%
CHD	A	0.12%
FTV	D	0.12%
EL	F	0.12%
TTWO	B	0.12%
CAH	B	0.11%
PHM	D	0.11%
IFF	B	0.11%
LYB	D	0.11%
DOV	B	0.11%
WST	D	0.11%
GRMN	B	0.11%
WY	D	0.1%
DLTR	F	0.1%
STE	C	0.1%
ZBH	F	0.1%
TER	B	0.1%
GPC	D	0.09%
ULTA	F	0.09%
ARE	C	0.09%
CTRA	D	0.09%
ALGN	F	0.09%
APTV	D	0.09%
PTC	C	0.09%
HUBB	C	0.09%
HOLX	C	0.08%
ILMN	F	0.08%
BLDR	F	0.08%
ATO	B	0.08%
OMC	C	0.08%
STLD	C	0.08%
TYL	B	0.08%
FLEX	B	0.07%
BURL	A	0.07%
BG	C	0.07%
ZBRA	D	0.07%
DGX	B	0.07%
IEX	D	0.07%
IP	A	0.07%
BMRN	C	0.07%
PKG	B	0.07%
MRO	B	0.07%
WRK	C	0.06%
JBHT	F	0.06%
POOL	D	0.06%
PNR	C	0.06%
SNA	D	0.06%
AKAM	F	0.06%
ALB	F	0.06%
SWK	D	0.06%
OKTA	F	0.06%
TRMB	C	0.06%
CF	D	0.06%
NWSA	B	0.05%
CRL	D	0.05%
WBA	D	0.05%
LKQ	F	0.05%
SJM	F	0.05%
JNPR	B	0.05%
IPG	F	0.05%
TECH	C	0.05%
ROL	A	0.05%
BWA	F	0.04%
DAL	D	0.04%
ALV	D	0.04%
GNRC	D	0.04%
HSIC	D	0.04%
DOX	D	0.04%
SCCO	C	0.04%
MOS	F	0.04%
TFX	D	0.04%
TWLO	F	0.04%
CHRW	B	0.04%
QRVO	B	0.04%
FFIV	D	0.04%
BIO	D	0.03%
LBRDK	D	0.03%
RHI	D	0.03%
LEA	F	0.03%
FMC	D	0.03%
SOLV	F	0.03%
PAYC	F	0.03%
EXAS	D	0.03%
DAY	F	0.03%
GFS	C	0.02%
LUV	B	0.02%
UAL	D	0.02%
WLK	D	0.02%
LEN	D	0.01%
AGR	D	0.01%
NWS	B	0.01%
LBRDA	D	0.0%

HLAL Underweight 7 Positions Relative to CDEI

Symbol	Grade	Weight
AVGO	B	-2.78%
JPM	B	-2.63%
UNH	D	-2.08%
V	C	-1.96%
MA	C	-1.68%
COST	B	-1.63%
HD	B	-1.51%