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TrueShares Patriot Defense ETF

FLDZ

TrueShares

TrueShares Patriot Defense ETF (FLDZ) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 88.58%. 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: 88.58%
  • Halal 7.97%
  • Doubtful 58.10%
  • Not halal 22.51%
  • Not rated 11.42%

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
TrueShares
Venue (where it trades)
United States
Domicile (where it is registered)
United States
Reporting currency
USD
Expense ratio
0.40%
AUM
6.60M USD
Holdings
64 (58 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

RulebookVerdictHalalNot halalSplit (0–100%)
Akinda fund screen (AAOIFI)Not halal7.97%22.51%
DJIMNot halal63.37%16.63%
FTSENot halal0.00%85.89%
MSCINot halal0.00%85.89%
S&PNot halal63.37%16.63%

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 64 holdings, largest first · basket as of 2 Nov 2026
No.HoldingWeightAkinda (AAOIFI)DJIMFTSEMSCIS&P
1
KRMNKarman Holdings Inc
2.01%DoubtfulHalalNot halalNot halalHalal
2
LMTLockheed Martin Corp
1.99%DoubtfulHalalNot halalNot halalHalal
3
HIIHuntington Ingalls Industries
1.93%DoubtfulHalalNot halalNot halalHalal
4
LHXL3Harris Technologies Inc
1.91%DoubtfulHalalNot halalNot halalHalal
5
CDRECadre Holdings Inc
1.88%DoubtfulHalalNot halalNot halalHalal
6
TXTTextron Inc
1.85%HalalHalalNot halalNot halalHalal
7
VVXV2X Inc
1.80%Not halalNot halalNot halalNot halalNot halal
8
GDGeneral Dynamics Corp
1.79%DoubtfulHalalNot halalNot halalHalal
9
SAABYSaab AB
1.79%Not ratedNot ratedNot ratedNot ratedNot rated
10
NOCNorthrop Grumman Corp
1.78%DoubtfulHalalNot halalNot halalHalal
11
HEIHEICO Corp
1.73%DoubtfulHalalNot halalNot halalHalal
12
FTAIFTAI Aviation Ltd
1.73%DoubtfulHalalNot halalNot halalHalal
13
RTXRTX CORPORATION
1.71%DoubtfulHalalNot halalNot halalHalal
14
SAROStandardAero Inc
1.71%DoubtfulHalalNot halalNot halalHalal
15
BAESYBAE Systems PLC
1.71%HalalHalalNot halalNot halalHalal
16
TDGTransDigm Group Inc
1.70%Not halalNot halalNot halalNot halalNot halal
17
DRSLeonardo DRS Inc
1.68%DoubtfulHalalNot halalNot halalHalal
18
NPKNational Presto Industries Inc
1.68%DoubtfulHalalNot halalNot halalHalal
19
RNMBYRheinmetall AG
1.67%Not ratedNot ratedNot ratedNot ratedNot rated
20
FINMYLeonardo SpA
1.66%Not halalNot ratedNot halalNot halalNot rated
21
LOARLoar Holdings Inc
1.66%DoubtfulHalalNot halalNot halalHalal
22
ARXSArxis Inc
1.65%Not halalHalalNot halalNot halalHalal
23
THLLYThales SA
1.62%Not ratedNot ratedNot ratedNot ratedNot rated
24
AXONAxon Enterprise Inc
1.61%DoubtfulHalalNot halalNot halalHalal
25
EADSYAirbus SE
1.60%Not ratedNot ratedNot ratedNot ratedNot rated
26
PLTRPalantir Technologies Inc
1.60%DoubtfulNot ratedNot halalNot halalNot rated
27
HONAHoneywell Aerospace Inc
1.58%HalalHalalNot halalNot halalHalal
28
MOG-AMoog Inc
1.57%DoubtfulHalalNot halalNot halalHalal
29
WWDWoodward Inc
1.57%DoubtfulHalalNot halalNot halalHalal
30
GEGeneral Electric Co
1.56%DoubtfulHalalNot halalNot halalHalal
31
DCODucommun Inc
1.56%DoubtfulHalalNot halalNot halalHalal
32
MRCYMercury Systems Inc
1.56%DoubtfulHalalNot halalNot halalHalal
33
BWXTBWX Technologies Inc
1.53%DoubtfulHalalNot halalNot halalHalal
34
SPCXSpace Exploration Technologies
1.51%Not halalNot halalNot halalNot halalNot halal
35
ESEESCO Technologies Inc
1.50%DoubtfulNot ratedNot ratedNot ratedNot rated
36
HXLHexcel Corp
1.50%DoubtfulHalalNot halalNot halalHalal
37
KTOSKratos Defense & Security Solu
1.49%DoubtfulHalalNot halalNot halalHalal
38
ATIATI Inc
1.48%DoubtfulNot ratedNot halalNot halalNot rated
39
MTUAYMTU Aero Engines AG
1.47%Not ratedNot ratedNot ratedNot ratedNot rated
40
PKEPark Aerospace Corp
1.45%HalalHalalNot halalNot halalHalal
41
HWMHowmet Aerospace Inc
1.44%DoubtfulHalalNot halalNot halalHalal
42
CWCurtiss-Wright Corp
1.44%DoubtfulHalalNot halalNot halalHalal
43
BABoeing Co/The
1.44%Not halalNot halalNot halalNot halalNot halal
44
ATROAstronics Corp
1.43%Not halalHalalNot halalNot halalHalal
45
VOYGVoyager Technologies Inc
1.41%Not halalNot halalNot halalNot halalNot halal
46
BETABeta Technologies Inc
1.41%Not halalNot halalNot halalNot halalNot halal
47
AIRAAR Corp
1.40%DoubtfulHalalNot halalNot halalHalal
48
SPCEVirgin Galactic Holdings Inc
1.40%Not halalNot halalNot halalNot halalNot halal
49
RYCEYRolls-Royce Holdings PLC
1.38%HalalHalalNot halalNot halalHalal
50
VSECVSE Corp
1.37%DoubtfulHalalNot halalNot halalHalal

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

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