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VanEck Vectors Unconventional Oil & Gas ETF

FRAK

VanEck

VanEck Vectors Unconventional Oil & Gas ETF (FRAK) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 69.89%. 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: 69.89%
  • Halal 26.53%
  • Doubtful 0.00%
  • Not halal 43.36%
  • Not rated 30.11%

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
VanEck
Venue (where it trades)
United States
Domicile (where it is registered)
United States
Reporting currency
USD
Expense ratio
0.54%
AUM
19.29M USD
Holdings
26 (18 screened)
Basket as of (provider)
17 Apr 2023
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 halal26.53%43.36%
DJIMNot halal26.67%43.22%
FTSENot rated by this method69.89%0.00%
MSCINot rated by this method69.89%0.00%
S&PNot halal39.95%29.94%

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

1–26 of 26 holdings, largest first · basket as of 17 Apr 2023
No.HoldingWeightAkinda (AAOIFI)DJIMFTSEMSCIS&P
1
EOGEog Resources Inc
8.06%HalalHalalHalalHalalHalal
2
DVNDevon Energy Corp
7.75%Not halalNot halalHalalHalalHalal
3
PXDPioneer Natural Resources Co
7.65%Not ratedNot ratedNot ratedNot ratedNot rated
4
HESHess Corp
6.36%Not ratedNot ratedNot ratedNot ratedNot rated
5
TOU.TOTourmaline Oil Corp
6.06%HalalHalalHalalHalalHalal
6
OXYOccidental Petroleum Corp
5.92%Not halalNot halalHalalHalalNot halal
7
CVECenovus Energy Inc/Ca
5.67%Not halalNot halalHalalHalalHalal
8
FANGDiamondback Energy Inc
5.32%Not halalNot halalHalalHalalNot halal
9
MROMarathon Oil Corp
5.25%Not ratedNot ratedNot ratedNot ratedNot rated
10
OVVOvintiv Inc
4.42%Not halalNot halalHalalHalalNot halal
11
ARX.TOArc Resources Ltd
3.86%HalalHalalHalalHalalHalal
12
APAApa Corp
3.70%Not halalNot halalHalalHalalNot halal
13
EQTEqt Corp
3.53%HalalHalalHalalHalalHalal
14
CTRACoterra Energy Inc
3.13%Not ratedNot ratedNot ratedNot ratedNot rated
15
ARAntero Resources Corp
2.75%Not halalNot halalHalalHalalNot halal
16
CLRContinental Resources Inc/Ok
2.42%Not ratedNot ratedNot ratedNot ratedNot rated
17
NFGNational Fuel Gas Co
2.41%Not halalNot halalHalalHalalNot halal
18
RRCRange Resources Corp
2.30%HalalHalalHalalHalalHalal
19
PDCEPdc Energy Inc
2.24%Not ratedNot ratedNot ratedNot ratedNot rated
20
MTDRMatador Resources Co
2.22%Not halalNot halalHalalHalalNot halal
21
WCP.TOWhitecap Resources Inc
2.18%Not halalHalalHalalHalalNot halal
22
MURMurphy Oil Corp
2.05%HalalNot halalHalalHalalHalal
23
CPGCrescent Point Energy Corp
1.74%Not ratedNot ratedNot ratedNot ratedNot rated
24
ERFEnerplus Corp
1.33%Not ratedNot ratedNot ratedNot ratedNot rated
25
CNXCnx Resources Corp
1.00%Not halalNot halalHalalHalalNot halal
26
PSK.TOPrairiesky Royalty Ltd
0.68%HalalHalalHalalHalalHalal

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

How Akinda screens funds and stocks