VictoryShares US Small Cap Volatility Wtd ETF

CSA

Victory Capital

VictoryShares US Small Cap Volatility Wtd ETF (CSA) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 93.81%. Below: the fund under all five rulebooks, its facts and every holding with its own verdict.

Akinda fund screen

Akinda fund screen (AAOIFI-derived)Not halalCoverage: 93.81%

Halal 29.70%
Doubtful 4.37%
Not halal 59.73%
Not rated 6.19%

The bar is scaled to fit; the figures are as reported, and the buckets do not always total 100%.

Coverage is the share of the fund's weight we hold a usable verdict for. Below 95%, a fund is rated only when the weight we can see already breaches the 5% limit; otherwise it is not rated by this method.

Fund facts

Issuer: Victory Capital
Venue (where it trades): United States
Domicile (where it is registered): United States
Reporting currency: USD
Expense ratio: 0.55%
AUM: 20.14M USD
Holdings: 499 (469 screened)
Basket as of (provider): 23 Apr 2025
Basket fetched by Akinda: 30 Oct 2026
Verdict updated: 3 Nov 2026

Venue is where a fund trades; domicile is where it is registered. London-listed funds are domiciled in Ireland or Luxembourg, so use Venue for UK ETFs.

Five rulebooks

Rulebook	Verdict	Halal	Not halal
Akinda fund screen (AAOIFI)	Not halal	29.70%	59.73%
DJIM	Not halal	30.08%	60.12%
FTSE	Not halal	28.54%	60.88%
MSCI	Not halal	29.40%	59.62%
S&P	Not halal	33.31%	56.22%

Every bar uses the same 0–100% scale. Index rulebooks report only halal and not-halal weight; uncoloured weight is weight that rulebook does not classify. Coverage is published for the Akinda fund screen only.

The fund screen and the four index rulebooks answer different questions, so they are expected to disagree. A fund can be doubtful on our fund screen and halal under S&P; both are correct.

Holdings

1–50 of 499 holdings, largest first · basket as of 23 Apr 2025

No.	Holding	Weight	Akinda (AAOIFI)	DJIM	FTSE	MSCI	S&P
No.	Holding	Weight	Akinda (AAOIFI)	DJIM	FTSE	MSCI	S&P
1	IDAIDACORP INC	0.46%	Not halal	Not halal	Not halal	Not halal	Not halal
2	NJRNEW JERSEY RESOURCES CORP	0.43%	Not halal	Not halal	Not halal	Not halal	Not halal
3	PORPORTLAND GENERAL ELECTRIC	0.43%	Not halal	Not halal	Not halal	Not halal	Not halal
4	BKHBLACK HILLS CORP	0.41%	Not halal	Not halal	Not halal	Not halal	Not halal
5	TXNMTXNM ENERGY INC	0.41%	Not halal	Not halal	Not halal	Not halal	Not halal
6	NWNNORTHWEST NATURAL HOLDING	0.41%	Not halal	Not halal	Not halal	Not halal	Not halal
7	CPKCHESAPEAKE UTILITIES CORP	0.41%	Not halal	Not halal	Not halal	Not halal	Not halal
8	FLOFLOWERS FOODS INC.	0.41%	Not halal	Not halal	Not halal	Not halal	Not halal
9	NWENORTHWESTERN CORP.	0.40%	Not halal	Not halal	Not halal	Not halal	Not halal
10	FHIFEDERATED HERMES INC	0.40%	Not halal	Not halal	Not halal	Not halal	Not halal
11	OGSONE GAS INC	0.40%	Not halal	Not halal	Not halal	Not halal	Not halal
12	CWTCALIFORNIA WATER SERVICE	0.39%	Not halal	Not halal	Halal	Halal	Not halal
13	AWRAMERICAN STATES WATER CO	0.39%	Not halal	Not halal	Not halal	Not halal	Halal
14	MSGSMADISON SQ GARDEN SPORTS	0.39%	Halal	Not halal	Not halal	Not halal	Not halal
15	AVAAVISTA CORP	0.39%	Not halal	Not halal	Not halal	Not halal	Not halal
16	SRSPIRE INC	0.36%	Not halal	Not halal	Not halal	Not halal	Not halal
17	SONSONOCO PRODUCTS CO.	0.36%	Not halal	Not halal	Not halal	Not halal	Not halal
18	SXTSENSIENT TECHNOLOGIES	0.35%	Halal	Halal	Not halal	Not halal	Halal
19	FCFSFIRSTCASH HOLDINGS INC	0.35%	Not halal	Not halal	Not halal	Not halal	Not halal
20	AXSAXIS CAPITAL HOLDINGS LTD	0.35%	Not halal	Not halal	Not halal	Not halal	Not halal
21	SLGNSILGAN HOLDINGS INC	0.35%	Not halal	Not halal	Not halal	Not halal	Not halal
22	CWSTCASELLA WASTE SYSTEMS INC	0.34%	Halal	Halal	Halal	Halal	Halal
23	REYNREYNOLDS CONSUMER PRODUCT	0.34%	Not halal	Not halal	Not halal	Not halal	Halal
24	SWXSOUTHWEST GAS HOLDINGS IN	0.33%	Not halal	Not halal	Not halal	Not halal	Not halal
25	WMKWEIS MARKETS INC	0.33%	Halal	Halal	Halal	Halal	Halal
26	MMSIMERIT MEDICAL SYSTEMS INC	0.33%	Halal	Halal	Halal	Halal	Halal
27	THGHANOVER INSURANCE GROUP	0.33%	Not halal	Not halal	Not halal	Not halal	Not halal
28	FAFFIRST AMERICAN FINANCIAL	0.32%	Not halal	Not halal	Not halal	Not halal	Not halal
29	MMSMAXIMUS INC.	0.32%	Not halal	Not halal	Not halal	Not halal	Halal
30	MGEEMGE ENERGY INC	0.32%	Not halal	Halal	Halal	Halal	Halal
31	WTMWHITE MOUNTAINS INSURANCE	0.32%	Not halal	Not halal	Not halal	Not halal	Not halal
32	BRCBRADY CORP	0.32%	Not halal	Not halal	Not halal	Not halal	Not halal
33	SJWSJW GROUP	0.32%	Not rated	Not rated	Not rated	Not rated	Not rated
34	JJSFJ&J SNACK FOODS	0.32%	Halal	Halal	Halal	Halal	Halal
35	SAICSCIENCE APPLICATIONS INTE	0.31%	Not halal	Not halal	Not halal	Not halal	Not halal
36	TRTOOTSIE ROLL INDUSTRIES	0.31%	Halal	Halal	Halal	Halal	Halal
37	NEUNEWMARKET CORP	0.31%	Doubtful	Not rated	Not rated	Not rated	Not rated
38	CCCSCCC INTELLIGENT SOLUTIONS	0.31%	Not rated	Not rated	Not rated	Not rated	Not rated
39	ULSUL SOLUTIONS INC	0.30%	Halal	Not rated	Not rated	Not rated	Not rated
40	WDFCWD-40 CO	0.30%	Halal	Halal	Halal	Halal	Halal
41	PSMTPRICESMART INC.	0.30%	Halal	Halal	Halal	Halal	Halal
42	AGOASSURED GUARANTY LTD	0.30%	Not halal	Not halal	Not halal	Not halal	Not halal
43	WUWESTERN UNION CO	0.30%	Not halal	Not halal	Not halal	Not halal	Not halal
44	EXPOEXPONENT INC	0.30%	Halal	Halal	Halal	Halal	Halal
45	BCPCBALCHEM CORP	0.30%	Halal	Halal	Halal	Halal	Halal
46	ORAORMAT TECHNOLOGIES INC	0.30%	Not halal	Not halal	Not halal	Not halal	Not halal
47	AVTAVNET INC	0.30%	Not halal	Not halal	Halal	Halal	Not halal
48	FULHB FULLER CO	0.29%	Not halal	Not halal	Not halal	Not halal	Not halal
49	NMIHNMI HOLDINGS INC	0.29%	Not halal	Not halal	Not halal	Not halal	Not halal
50	WTSWATTS WATER TECH INC - A	0.29%	Halal	Halal	Halal	Halal	Halal

...

Not rated means we hold no usable verdict for that company; it is never treated as compliant.

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