HLAL vs. TCAF ETF Comparison

Comparison of Wahed FTSE USA Shariah ETF (HLAL) to T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Capital Appreciation Equity ETF (TCAF)

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

TCAF

T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Capital Appreciation Equity ETF

TCAF Description

The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in equity securities. The fund may purchase the stocks of companies of any size, but typically focuses on large U.S. companies. The fund may at times invest significantly in certain sectors, including the information technology and healthcare sectors. It is non-diversified.

Grade (RS Rating)

Last Trade

$33.89

Average Daily Volume

565,915

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HLAL	TCAF
30 Days	2.35%	1.74%
60 Days	1.62%	2.92%
90 Days	3.31%	3.99%
12 Months	20.13%	28.41%

36 Overlapping Holdings

Symbol	Grade	Weight in HLAL	Weight in TCAF	Overlap
AAPL	C	14.91%	5.34%	5.34%
ABT	B	0.9%	1.24%	0.9%
ADSK	A	0.3%	0.95%	0.3%
AMD	F	0.99%	1.02%	0.99%
ANSS	B	0.13%	0.32%	0.13%
BDX	F	0.29%	2.48%	0.29%
BIIB	F	0.1%	0.53%	0.1%
CDNS	B	0.37%	0.12%	0.12%
CRM	B	1.36%	1.63%	1.36%
DHR	F	0.67%	2.63%	0.67%
DLTR	F	0.06%	0.25%	0.06%
FTV	C	0.12%	2.71%	0.12%
GEHC	F	0.17%	0.54%	0.17%
GOOGL	C	4.63%	3.12%	3.12%
IEX	B	0.08%	0.33%	0.08%
IR	B	0.19%	1.19%	0.19%
KDP	D	0.15%	0.46%	0.15%
KLAC	D	0.37%	0.12%	0.12%
LIN	D	0.97%	1.24%	0.97%
LRCX	F	0.41%	0.32%	0.32%
MCK	B	0.36%	1.05%	0.36%
META	D	5.55%	2.3%	2.3%
MLM	B	0.16%	1.2%	0.16%
MSFT	F	13.84%	8.23%	8.23%
NKE	D	0.4%	0.36%	0.36%
NXPI	D	0.25%	0.53%	0.25%
PTC	A	0.1%	1.67%	0.1%
ROP	B	0.26%	1.74%	0.26%
RVTY	F	0.06%	2.44%	0.06%
SLB	C	0.28%	0.15%	0.15%
SYK	C	0.63%	0.15%	0.15%
TMO	F	0.87%	0.93%	0.87%
TT	A	0.42%	0.05%	0.05%
TYL	B	0.11%	0.06%	0.06%
VLTO	D	0.12%	1.49%	0.12%
VMC	B	0.16%	0.11%	0.11%

HLAL Overweight 162 Positions Relative to TCAF

Symbol	Grade	Weight
TSLA	B	4.25%
GOOG	C	3.91%
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%
NOW	A	0.92%
ISRG	A	0.85%
TXN	C	0.81%
QCOM	F	0.77%
PFE	D	0.63%
AMAT	F	0.63%
UBER	D	0.62%
TJX	A	0.61%
BSX	B	0.6%
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%
GEV	B	0.41%
MDLZ	F	0.39%
SNPS	B	0.37%
WELL	A	0.37%
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%
FDX	B	0.29%
CARR	D	0.28%
PSX	C	0.25%
JCI	C	0.25%
MPC	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%
EW	C	0.19%
ODFL	B	0.19%
LEN	D	0.18%
COR	B	0.18%
CTVA	C	0.18%
LULU	C	0.17%
A	D	0.17%
IT	C	0.17%
RMD	C	0.16%
NUE	C	0.16%
HPQ	B	0.16%
GLW	B	0.16%
DELL	C	0.16%
DD	D	0.15%
OXY	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%
PHM	D	0.12%
DOW	F	0.12%
CHD	B	0.12%
DOV	A	0.12%
HAL	C	0.12%
HUBB	B	0.11%
DVN	F	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%
ZBH	C	0.1%
WY	D	0.1%
WST	C	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%
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%
PODD	C	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%
ICLR	D	0.07%
BG	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%
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%
OKTA	C	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 57 Positions Relative to TCAF

Symbol	Grade	Weight
NVDA	C	-6.12%
AMZN	C	-4.51%
UNH	C	-2.95%
AEE	A	-1.91%
WCN	A	-1.64%
INTU	C	-1.55%
MA	C	-1.53%
LLY	F	-1.5%
CNP	B	-1.49%
RTX	C	-1.47%
V	A	-1.44%
AVGO	D	-1.39%
DTE	C	-1.31%
NOC	D	-1.18%
NI	A	-1.09%
ICE	C	-1.06%
YUM	B	-1.04%
MMC	B	-0.98%
HLT	A	-0.92%
CMS	C	-0.82%
MCD	D	-0.78%
TDY	B	-0.71%
AMT	D	-0.7%
SCI	B	-0.68%
AVTR	F	-0.67%
ELV	F	-0.67%
ABBV	D	-0.67%
AJG	B	-0.62%
HUM	C	-0.55%
SBAC	D	-0.55%
KKR	A	-0.49%
RSG	A	-0.44%
AUR	C	-0.41%
SBUX	A	-0.38%
EXC	C	-0.34%
BKNG	A	-0.34%
CSX	B	-0.28%
MAR	B	-0.28%
ARGX	A	-0.26%
ACN	C	-0.25%
CME	A	-0.24%
WTW	B	-0.21%
AME	A	-0.2%
MS	A	-0.2%
SPGI	C	-0.2%
CMG	B	-0.16%
MSCI	C	-0.14%
DIS	B	-0.14%
LNT	A	-0.12%
WEC	A	-0.12%
XEL	A	-0.11%
TW	A	-0.1%
INFA	D	-0.1%
GS	A	-0.1%
PNC	B	-0.1%
BA	F	-0.09%
APH	A	-0.04%