First Trust Dorsey Wright Momentum & Low Volatility ETF

DVOL

First Trust

First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 99.87%. 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: 99.87%

Halal 34.05%
Doubtful 8.06%
Not halal 57.77%
Not rated 0.13%

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: First Trust
Venue (where it trades): United States
Domicile (where it is registered): United States
Reporting currency: USD
Expense ratio: 0.60%
AUM: 74.86M USD
Holdings: 50 (50 screened)
Basket as of (provider): 30 Oct 2026
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	34.05%	57.77%
DJIM	Not halal	40.61%	56.63%
FTSE	Not halal	37.10%	60.14%
MSCI	Not halal	37.10%	60.14%
S&P	Not halal	40.61%	56.63%

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 50 holdings, largest first · basket as of 30 Oct 2026

No.	Holding	Weight	Akinda (AAOIFI)	DJIM	FTSE	MSCI	S&P
No.	Holding	Weight	Akinda (AAOIFI)	DJIM	FTSE	MSCI	S&P
1	SPGSimon Property Group, Inc.	3.46%	Not halal	Not halal	Not halal	Not halal	Not halal
2	TRVThe Travelers Companies, Inc.	3.25%	Not halal	Not halal	Not halal	Not halal	Not halal
3	CFRCullen/Frost Bankers, Inc.	3.08%	Not halal	Not halal	Not halal	Not halal	Not halal
4	PRIPrimerica, Inc.	3.00%	Not halal	Not halal	Not halal	Not halal	Not halal
5	CTASCintas Corporation	2.97%	Halal	Halal	Halal	Halal	Halal
6	BNYThe Bank of New York Mellon Corporation	2.97%	Not halal	Not halal	Not halal	Not halal	Not halal
7	CVXChevron Corporation	2.96%	Halal	Halal	Halal	Halal	Halal
8	HLTHilton Worldwide Holdings Inc.	2.94%	Doubtful	Halal	Not halal	Not halal	Halal
9	JPMJPMorgan Chase & Co.	2.88%	Not halal	Not halal	Not halal	Not halal	Not halal
10	GWWW.W. Grainger, Inc.	2.87%	Halal	Halal	Halal	Halal	Halal
11	WELLWelltower Inc.	2.84%	Halal	Halal	Halal	Halal	Halal
12	PFGPrincipal Financial Group, Inc.	2.83%	Not halal	Not halal	Not halal	Not halal	Not halal
13	RSReliance Inc.	2.79%	Halal	Halal	Halal	Halal	Halal
14	AAPLApple Inc.	2.69%	Halal	Halal	Halal	Halal	Halal
15	AMEAMETEK, Inc.	2.64%	Doubtful	Not rated	Not rated	Not rated	Not rated
16	BPOPPopular, Inc.	2.58%	Not halal	Not halal	Not halal	Not halal	Not halal
17	STTState Street Corporation	2.52%	Not halal	Not halal	Not halal	Not halal	Not halal
18	CTRECareTrust REIT, Inc.	2.48%	Doubtful	Halal	Halal	Halal	Halal
19	ONBOld National Bancorp	2.34%	Not halal	Not halal	Not halal	Not halal	Not halal
20	AHRAmerican Healthcare REIT, Inc.	2.33%	Not halal	Halal	Halal	Halal	Halal
21	SCHWThe Charles Schwab Corporation	2.22%	Not halal	Not halal	Not halal	Not halal	Not halal
22	WABWabtec Corporation	2.01%	Halal	Halal	Halal	Halal	Halal
23	ARMKAramark	1.99%	Not halal	Not halal	Not halal	Not halal	Not halal
24	PGRThe Progressive Corporation	1.98%	Not halal	Not halal	Not halal	Not halal	Not halal
25	ROSTRoss Stores, Inc.	1.97%	Halal	Halal	Halal	Halal	Halal
26	LNGCheniere Energy, Inc.	1.90%	Not halal	Not halal	Not halal	Not halal	Not halal
27	AITApplied Industrial Technologies, Inc.	1.87%	Halal	Halal	Halal	Halal	Halal
28	CFGCitizens Financial Group, Inc.	1.81%	Not halal	Not halal	Not halal	Not halal	Not halal
29	AMGNAmgen Inc.	1.75%	Not halal	Not halal	Not halal	Not halal	Not halal
30	MSMorgan Stanley	1.69%	Not halal	Not halal	Not halal	Not halal	Not halal
31	EHCEncompass Health Corporation	1.67%	Halal	Halal	Halal	Halal	Halal
32	TRGPTarga Resources Corp.	1.62%	Not halal	Not halal	Not halal	Not halal	Not halal
33	HASHasbro, Inc.	1.60%	Not halal	Not halal	Not halal	Not halal	Not halal
34	MRKMerck & Co., Inc.	1.47%	Halal	Halal	Not halal	Not halal	Halal
35	CAHCardinal Health, Inc.	1.44%	Halal	Halal	Halal	Halal	Halal
36	USFDUS Foods Holding Corp.	1.38%	Not halal	Not halal	Not halal	Not halal	Not halal
37	CCitigroup Inc.	1.35%	Not halal	Not halal	Not halal	Not halal	Not halal
38	JCIJohnson Controls International Plc	1.25%	Halal	Halal	Halal	Halal	Halal
39	LYVLive Nation Entertainment, Inc.	1.22%	Not halal	Not halal	Not halal	Not halal	Not halal
40	EXPDExpeditors International of Washington, Inc.	1.19%	Halal	Not halal	Not halal	Not halal	Not halal
41	COFCapital One Financial Corporation	1.16%	Not halal	Not halal	Not halal	Not halal	Not halal
42	PSXPhillips 66	1.13%	Not halal	Not halal	Halal	Halal	Not halal
43	WSTWest Pharmaceutical Services, Inc.	1.09%	Halal	Halal	Halal	Halal	Halal
44	AMGAffiliated Managers Group, Inc.	1.05%	Not halal	Not halal	Not halal	Not halal	Not halal
45	CRCrane Company	1.04%	Halal	Halal	Not halal	Not halal	Halal
46	WSMWilliams-Sonoma, Inc.	1.02%	Halal	Halal	Halal	Halal	Halal
47	DEDeere & Company	0.99%	Not halal	Not halal	Not halal	Not halal	Not halal
48	GRMNGarmin Ltd.	0.91%	Halal	Halal	Halal	Halal	Halal
49	IVZInvesco Ltd.	0.89%	Not halal	Not halal	Not halal	Not halal	Not halal
50	SNXTD SYNNEX Corporation	0.81%	Not halal	Not halal	Halal	Halal	Not halal

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

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