HLAL vs. INNO ETF Comparison

Comparison of Wahed FTSE USA Shariah ETF (HLAL) to Harbor Disruptive Innovation ETF (INNO)

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

INNO

Harbor Disruptive Innovation ETF

INNO Description

INNO invests in stocks of any size with growth potential linked to disruptive innovation. The fund aims to achieve enhanced risk-adjusted investment outcome by utilizing an active multi-manager approach in which the advisor allocates assets among subadvisors. Each subadvisor represents a strategy that targets associated disruptive companies in technology, advanced therapies, analog-to-digital transition, structural changes and secular trends, and products or services with large demand. The advisor determines and adjusts allocations based on qualitative and quantitative assessments of each strategy, as well as in combination. The fund may invest up to 25% in foreign markets, including developing countries. INNO utilizes the same investment strategy and portfolio management team as its mutual fund counterpart, Harbor Disruptive Innovation Fund.

Grade (RS Rating)

Last Trade

$17.23

Average Daily Volume

29,808

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HLAL	INNO
30 Days	2.35%	8.00%
60 Days	1.62%	8.03%
90 Days	3.31%	10.18%
12 Months	20.13%	29.81%

19 Overlapping Holdings

Symbol	Grade	Weight in HLAL	Weight in INNO	Overlap
AMAT	F	0.63%	0.61%	0.61%
AMD	F	0.99%	1.36%	0.99%
CDNS	B	0.37%	3.13%	0.37%
CRM	B	1.36%	0.9%	0.9%
DHR	F	0.67%	2.42%	0.67%
GEV	B	0.41%	0.67%	0.41%
GOOG	C	3.91%	3.38%	3.38%
GOOGL	C	4.63%	1.96%	1.96%
ICLR	D	0.07%	0.46%	0.07%
LIN	D	0.97%	2.53%	0.97%
LRCX	F	0.41%	2.42%	0.41%
META	D	5.55%	2.01%	2.01%
MSFT	F	13.84%	1.92%	1.92%
NOW	A	0.92%	3.73%	0.92%
OKTA	C	0.05%	0.53%	0.05%
PANW	C	0.54%	0.8%	0.54%
PODD	C	0.08%	0.58%	0.08%
TSLA	B	4.25%	0.46%	0.46%
TXN	C	0.81%	2.3%	0.81%

HLAL Overweight 179 Positions Relative to INNO

Symbol	Grade	Weight
AAPL	C	14.91%
XOM	B	2.42%
PG	A	1.81%
JNJ	D	1.65%
CVX	A	1.24%
MRK	F	1.11%
KO	D	1.1%
CSCO	B	1.04%
ADBE	C	0.98%
ABT	B	0.9%
TMO	F	0.87%
ISRG	A	0.85%
QCOM	F	0.77%
SYK	C	0.63%
PFE	D	0.63%
UBER	D	0.62%
TJX	A	0.61%
BSX	B	0.6%
COP	C	0.6%
ADP	B	0.55%
MDT	D	0.49%
MU	D	0.49%
PLD	D	0.48%
ADI	D	0.47%
INTC	D	0.46%
UPS	C	0.43%
TT	A	0.42%
NKE	D	0.4%
MDLZ	F	0.39%
SNPS	B	0.37%
KLAC	D	0.37%
WELL	A	0.37%
MCK	B	0.36%
REGN	F	0.35%
MRVL	B	0.35%
CTAS	B	0.34%
EMR	A	0.33%
APD	A	0.33%
CEG	D	0.33%
MMM	D	0.32%
ADSK	A	0.3%
BDX	F	0.29%
FDX	B	0.29%
SLB	C	0.28%
CARR	D	0.28%
ROP	B	0.26%
PSX	C	0.25%
JCI	C	0.25%
MPC	D	0.25%
NXPI	D	0.25%
PCAR	B	0.25%
PWR	A	0.22%
DHI	D	0.22%
VRT	B	0.22%
CMI	A	0.22%
NEM	D	0.22%
GWW	B	0.22%
ROST	C	0.21%
FAST	B	0.21%
AXON	A	0.2%
BKR	B	0.2%
EA	A	0.2%
VLO	C	0.2%
KVUE	A	0.2%
HES	B	0.19%
IR	B	0.19%
EW	C	0.19%
ODFL	B	0.19%
LEN	D	0.18%
COR	B	0.18%
CTVA	C	0.18%
LULU	C	0.17%
GEHC	F	0.17%
A	D	0.17%
IT	C	0.17%
RMD	C	0.16%
NUE	C	0.16%
MLM	B	0.16%
HPQ	B	0.16%
GLW	B	0.16%
DELL	C	0.16%
VMC	B	0.16%
DD	D	0.15%
OXY	D	0.15%
KDP	D	0.15%
WAB	B	0.15%
FANG	D	0.15%
IDXX	F	0.15%
EBAY	D	0.14%
GRMN	B	0.14%
ROK	B	0.14%
TTWO	A	0.14%
PPG	F	0.13%
ON	D	0.13%
TSCO	D	0.13%
CAH	B	0.13%
XYL	D	0.13%
ANSS	B	0.13%
VLTO	D	0.12%
PHM	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%
NTAP	C	0.11%
ADM	D	0.11%
STLD	B	0.1%
LYB	F	0.1%
PKG	A	0.1%
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%
LH	C	0.09%
STE	F	0.09%
WDC	D	0.09%
ILMN	D	0.09%
BLDR	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%
HOLX	D	0.08%
DGX	A	0.08%
ARE	D	0.08%
SNA	A	0.08%
JBHT	C	0.07%
EL	F	0.07%
FLEX	A	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%
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%
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%
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%
LEN	D	0.0%

HLAL Underweight 49 Positions Relative to INNO

Symbol	Grade	Weight
NVDA	C	-4.35%
SHOP	B	-3.91%
AMZN	C	-2.97%
FI	A	-2.94%
MELI	D	-2.85%
PGR	A	-2.82%
DASH	A	-2.82%
URI	B	-2.81%
TEAM	A	-2.23%
IOT	A	-2.16%
TOST	B	-2.03%
ASND	D	-1.55%
CMG	B	-1.51%
DDOG	A	-1.38%
TSM	B	-1.33%
PCOR	B	-1.2%
CGNX	C	-1.2%
NET	B	-1.17%
NFLX	A	-1.14%
HUBS	A	-1.11%
GTLS	B	-1.09%
S	B	-0.84%
SAP	B	-0.84%
SE	B	-0.83%
MEDP	D	-0.82%
ORCL	B	-0.81%
MNDY	C	-0.8%
ZS	C	-0.79%
MTSI	B	-0.77%
SQ	B	-0.65%
ROKU	D	-0.65%
LSCC	D	-0.64%
NU	C	-0.63%
DT	C	-0.62%
MDB	C	-0.62%
GLBE	B	-0.57%
LLY	F	-0.54%
DKNG	B	-0.5%
CRWD	B	-0.45%
SAIA	B	-0.45%
SNOW	C	-0.43%
LEGN	F	-0.41%
MRNA	F	-0.39%
TDG	D	-0.33%
RCKT	F	-0.33%
DXCM	D	-0.32%
CHKP	D	-0.32%
PCVX	D	-0.25%
BCYC	F	-0.16%