Federated Hermes MDT Large Cap Value ETF

FLCV

Federated Hermes

Federated Hermes MDT Large Cap Value ETF (FLCV) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 98.96%. 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: 98.96%

Halal 52.12%
Doubtful 9.75%
Not halal 37.09%
Not rated 1.04%

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: Federated Hermes
Venue (where it trades): United States
Domicile (where it is registered): United States
Reporting currency: USD
Expense ratio: 0.43%
AUM: 231.30M USD
Holdings: 128 (126 screened)
Basket as of (provider): 2 Nov 2026
Basket fetched by Akinda: 2 Nov 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	52.12%	37.09%
DJIM	Not halal	55.58%	38.12%
FTSE	Not halal	45.64%	48.65%
MSCI	Not halal	45.89%	48.40%
S&P	Not halal	55.75%	37.82%

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 128 holdings, largest first · basket as of 2 Nov 2026

No.	Holding	Weight	Akinda (AAOIFI)	DJIM	FTSE	MSCI	S&P
No.	Holding	Weight	Akinda (AAOIFI)	DJIM	FTSE	MSCI	S&P
1	AAPLAPPLE INC	6.09%	Halal	Halal	Halal	Halal	Halal
2	AMZNAMAZON.COM INC	5.31%	Halal	Halal	Halal	Halal	Halal
3	MSFTMICROSOFT CORP	4.10%	Halal	Halal	Halal	Halal	Halal
4	ABBVABBVIE INC	3.23%	Halal	Halal	Not halal	Not halal	Halal
5	COSTCOSTCO WHOLESALE CORP	2.32%	Halal	Halal	Halal	Halal	Halal
6	INTUINTUIT INC	2.20%	Doubtful	Not rated	Not rated	Not rated	Not rated
7	TRVTRAVELERS COS INC/THE	2.11%	Not halal	Not halal	Not halal	Not halal	Not halal
8	JPMJPMORGAN CHASE & CO	2.05%	Not halal	Not halal	Not halal	Not halal	Not halal
9	BNYBANK OF NEW YORK MELLON C	1.96%	Not halal	Not halal	Not halal	Not halal	Not halal
10	XOMEXXONMOBIL HOLDINGS CORP	1.81%	Halal	Halal	Halal	Halal	Halal
11	STTSTATE STREET CORP	1.78%	Not halal	Not halal	Not halal	Not halal	Not halal
12	PRUPRUDENTIAL FINANCIAL INC	1.66%	Not halal	Not halal	Not halal	Not halal	Not halal
13	FIFISERV INC	1.66%	Not halal	Not halal	Not halal	Not halal	Not halal
14	RTXRTX CORP	1.64%	Doubtful	Halal	Not halal	Not halal	Halal
15	JNJJOHNSON & JOHNSON	1.63%	Halal	Halal	Halal	Halal	Halal
16	EXCEXELON CORP	1.53%	Not halal	Not halal	Not halal	Not halal	Not halal
17	AMPAMERIPRISE FINANCIAL INC	1.53%	Not halal	Not halal	Not halal	Not halal	Not halal
18	CSCOCISCO SYSTEMS INC	1.47%	Halal	Halal	Halal	Halal	Halal
19	GILDGILEAD SCIENCES INC	1.41%	Halal	Halal	Not halal	Not halal	Halal
20	MPCMARATHON PETROLEUM CORP	1.36%	Not halal	Not halal	Not halal	Not halal	Not halal
21	ADIANALOG DEVICES INC	1.32%	Halal	Halal	Halal	Halal	Halal
22	VLTOVERALTO CORP	1.32%	Halal	Halal	Not halal	Not halal	Halal
23	WMTWALMART INC	1.26%	Halal	Halal	Halal	Halal	Halal
24	PSXPHILLIPS 66	1.25%	Not halal	Not halal	Halal	Halal	Not halal
25	REGNREGENERON PHARMACEUTICALS	1.23%	Halal	Halal	Halal	Halal	Halal
26	TXNTEXAS INSTRUMENTS INC	1.16%	Halal	Halal	Not halal	Not halal	Halal
27	NTRSNORTHERN TRUST CORP	1.09%	Not halal	Not halal	Not halal	Not halal	Not halal
28	DUKDUKE ENERGY CORP	1.09%	Halal	Halal	Halal	Halal	Halal
29	VEEVVEEVA SYSTEMS INC-CLASS A	1.06%	Doubtful	Not rated	Not halal	Not halal	Not rated
30	UNHUNITEDHEALTH GROUP INC	1.05%	Not halal	Not halal	Not halal	Not halal	Not halal
31	CSGPCOSTAR GROUP INC	1.01%	Halal	Halal	Halal	Halal	Halal
32	AMGNAMGEN INC	1.01%	Not halal	Not halal	Not halal	Not halal	Not halal
33	GDGENERAL DYNAMICS CORP	0.99%	Doubtful	Halal	Not halal	Not halal	Halal
34	PYPLPAYPAL HOLDINGS INC	0.99%	Doubtful	Not halal	Not halal	Not halal	Not halal
35	GMGENERAL MOTORS CO	0.98%	Not halal	Not halal	Not halal	Not halal	Not halal
36	ALSNALLISON TRANSMISSION HOLD	0.95%	Not halal	Not halal	Not halal	Not halal	Not halal
37	NEMNEWMONT CORP	0.90%	Halal	Halal	Halal	Halal	Halal
38	LULULULULEMON ATHLETICA INC	0.89%	Halal	Halal	Halal	Halal	Halal
39	HIGHARTFORD INSURANCE GROUP	0.88%	Not halal	Not halal	Not halal	Not halal	Not halal
40	FIVEFIVE BELOW	0.84%	Halal	Halal	Halal	Halal	Halal
41	CVXCHEVRON CORP	0.84%	Halal	Halal	Halal	Halal	Halal
42	CARTMAPLEBEAR INC	0.77%	Halal	Halal	Halal	Halal	Halal
43	BPOPPOPULAR INC	0.76%	Not halal	Not halal	Not halal	Not halal	Not halal
44	LMTLOCKHEED MARTIN CORP	0.75%	Doubtful	Halal	Not halal	Not halal	Halal
45	EOGEOG RESOURCES INC	0.72%	Halal	Halal	Halal	Halal	Halal
46	EDCONSOLIDATED EDISON INC	0.72%	Not halal	Not halal	Not halal	Not halal	Not halal
47	PPGPPG INDUSTRIES INC	0.71%	Halal	Halal	Halal	Halal	Halal
48	BSXBOSTON SCIENTIFIC CORP	0.70%	Halal	Halal	Halal	Halal	Halal
49	IBKRINTERACTIVE BROKERS GRO-C	0.69%	Not halal	Not halal	Not halal	Not halal	Not halal
50	CECELANESE CORP	0.68%	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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