DeltaShares S&P 400 Managed Risk ETF

DMRM

DeltaShares S&P 400 Managed Risk ETF (DMRM) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 75.73%. 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: 75.73%

Halal 27.91%
Doubtful 5.30%
Not halal 42.52%
Not rated 24.27%

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: —
Venue (where it trades): United States
Domicile (where it is registered): United States
Reporting currency: USD
Expense ratio: 0.45%
AUM: 4.51M USD
Holdings: 402 (325 screened)
Basket as of (provider): 17 Apr 2023
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	27.91%	42.52%
DJIM	Not halal	28.34%	44.15%
FTSE	Not halal	25.28%	47.07%
MSCI	Not halal	26.67%	45.69%
S&P	Not halal	30.55%	41.75%

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 402 holdings, largest first · basket as of 17 Apr 2023

No.	Holding	Weight	Akinda (AAOIFI)	DJIM	FTSE	MSCI	S&P
No.	Holding	Weight	Akinda (AAOIFI)	DJIM	FTSE	MSCI	S&P
1	TECH—	0.69%	Halal	Halal	Halal	Halal	Halal
2	MOH—	0.59%	Not halal	Not halal	Not halal	Not halal	Not halal
3	CGNX—	0.58%	Halal	Halal	Halal	Halal	Halal
4	FICO—	0.57%	Halal	Halal	Not halal	Not halal	Halal
5	SBNY—	0.57%	Not rated	Not rated	Not rated	Not rated	Not rated
6	XPO—	0.57%	Halal	Halal	Not halal	Not halal	Halal
7	SEDG—	0.56%	Halal	Not halal	Halal	Halal	Halal
8	FAU1—	0.54%	Not rated	Not rated	Not rated	Not rated	Not rated
9	CPT—	0.51%	Not halal	Not halal	Not halal	Not halal	Not halal
10	GGG—	0.51%	Halal	Halal	Halal	Halal	Halal
11	CDAY—	0.50%	Not rated	Not rated	Not rated	Not rated	Not rated
12	FDS—	0.50%	Doubtful	Not halal	Not halal	Not halal	Not halal
13	MASI—	0.50%	Not rated	Not rated	Not rated	Not rated	Not rated
14	BRO—	0.49%	Not halal	Not halal	Not halal	Not halal	Not halal
15	STLD—	0.48%	Halal	Halal	Halal	Halal	Halal
16	WSM—	0.48%	Halal	Halal	Halal	Halal	Halal
17	LII—	0.47%	Halal	Halal	Not halal	Not halal	Halal
18	MPW—	0.47%	Not rated	Not rated	Not rated	Not rated	Not rated
19	TTC—	0.47%	Halal	Halal	Halal	Halal	Halal
20	NDSN—	0.46%	Halal	Halal	Not halal	Not halal	Halal
21	RH—	0.46%	Not halal	Not halal	Not halal	Not halal	Not halal
22	RPM—	0.46%	Doubtful	Halal	Halal	Halal	Halal
23	TREX—	0.46%	Halal	Halal	Halal	Halal	Halal
24	AXON—	0.44%	Doubtful	Halal	Not halal	Not halal	Halal
25	CREE—	0.44%	Not rated	Not rated	Not rated	Not rated	Not rated
26	DAR—	0.43%	Not halal	Not halal	Not halal	Not halal	Not halal
27	DECK—	0.43%	Halal	Halal	Not halal	Not halal	Halal
28	FIVE—	0.43%	Halal	Halal	Halal	Halal	Halal
29	JAZZ—	0.43%	Not halal	Not halal	Not halal	Not halal	Not halal
30	CABO—	0.41%	Not halal	Not halal	Not halal	Not halal	Not halal
31	LAD—	0.41%	Not halal	Not halal	Not halal	Not halal	Not halal
32	OC—	0.41%	Not halal	Not halal	Not halal	Not halal	Not halal
33	WTRG—	0.41%	Not halal	Not halal	Not halal	Not halal	Not halal
34	CLF—	0.40%	Not halal	Not halal	Not halal	Not halal	Not halal
35	EWBC—	0.40%	Not halal	Not halal	Not halal	Not halal	Not halal
36	HUBB—	0.40%	Halal	Halal	Halal	Halal	Halal
37	JLL—	0.40%	Halal	Halal	Halal	Halal	Halal
38	RGEN—	0.40%	Halal	Halal	Halal	Halal	Halal
39	TRGP—	0.40%	Not halal	Not halal	Not halal	Not halal	Not halal
40	CSL—	0.39%	Halal	Halal	Not halal	Not halal	Halal
41	AZPN—	0.38%	Not rated	Not rated	Not rated	Not rated	Not rated
42	FHN—	0.38%	Not halal	Not halal	Not halal	Not halal	Not halal
43	LEA—	0.38%	Not halal	Not halal	Halal	Halal	Not halal
44	MIDD—	0.38%	Not halal	Not halal	Not halal	Not halal	Not halal
45	RS—	0.38%	Halal	Halal	Halal	Halal	Halal
46	UGI—	0.38%	Not halal	Not halal	Not halal	Not halal	Not halal
47	ACM—	0.37%	Halal	Halal	Halal	Halal	Halal
48	MANH—	0.37%	Halal	Halal	Not halal	Not halal	Halal
49	MKSI—	0.37%	Not halal	Not halal	Not halal	Not halal	Not halal
50	OLED—	0.37%	Not halal	Not halal	Not halal	Not halal	Not halal

...

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

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