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ALPS Hillman Active Value ETF

HVAL

ALPS Funds

ALPS Hillman Active Value ETF (HVAL) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 92.44%. 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: 92.44%
  • Halal 38.11%
  • Doubtful 8.90%
  • Not halal 45.44%
  • Not rated 7.56%

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
ALPS Funds
Venue (where it trades)
United States
Domicile (where it is registered)
United States
Reporting currency
USD
Expense ratio
0.55%
AUM
6.11M USD
Holdings
45 (42 screened)
Basket as of (provider)
28 Jul 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 halal38.11%45.44%
DJIMNot halal39.94%47.73%
FTSENot halal28.91%58.76%
MSCINot halal28.91%58.76%
S&PNot halal39.94%47.73%

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

1–45 of 45 holdings, largest first · basket as of 28 Jul 2023
No.HoldingWeightAkinda (AAOIFI)DJIMFTSEMSCIS&P
1
KMXCarMax Inc.
2.61%Not halalNot halalNot halalNot halalNot halal
2
AMZNAmazon.com Inc.
2.57%HalalHalalHalalHalalHalal
3
ADBEAdobe Inc.
2.53%HalalHalalHalalHalalHalal
4
INTCIntel Corp.
2.52%DoubtfulNot ratedNot ratedNot ratedNot rated
5
EPDEnterprise Products Partners LP
2.50%Not halalNot halalNot halalNot halalNot halal
6
TSMTaiwan Semiconductor Manufacturing Co. Ltd.
2.42%HalalHalalNot halalNot halalHalal
7
METAMeta Platforms Inc.
2.40%HalalHalalHalalHalalHalal
8
WBDWarner Bros Discovery Inc.
2.40%Not ratedNot ratedNot ratedNot ratedNot rated
9
EFXEquifax Inc.
2.38%HalalHalalNot halalNot halalHalal
10
ASMLASML Holding NV
2.35%HalalHalalHalalHalalHalal
11
TROWT Rowe Price Group Inc.
2.34%Not halalNot halalNot halalNot halalNot halal
12
JWNNordstrom Inc.
2.34%Not ratedNot ratedNot ratedNot ratedNot rated
13
BABoeing Co.
2.33%Not halalNot halalNot halalNot halalNot halal
14
BDXBecton Dickinson & Co.
2.32%Not halalNot halalNot halalNot halalNot halal
15
WFCWells Fargo & Co.
2.31%Not halalNot halalNot halalNot halalNot halal
16
CMCSAComcast Corp.
2.30%Not halalNot halalNot halalNot halalNot halal
17
NOWServiceNow Inc.
2.28%HalalNot halalNot halalNot halalNot halal
18
GOOGLAlphabet Inc.
2.25%DoubtfulNot ratedNot ratedNot ratedNot rated
19
APDAir Products and Chemicals Inc.
2.24%HalalHalalNot halalNot halalHalal
20
CVSCVS Health Corp.
2.23%Not halalNot halalNot halalNot halalNot halal
21
BUDAnheuser-Busch InBev SA
2.23%Not halalNot halalNot halalNot halalNot halal
22
CMPCompass Minerals International Inc.
2.22%Not halalNot halalNot halalNot halalNot halal
23
STZConstellation Brands Inc.
2.22%Not halalNot halalNot halalNot halalNot halal
24
MSFTMicrosoft Corp.
2.21%HalalHalalHalalHalalHalal
25
GEGeneral Electric Co.
2.21%DoubtfulHalalNot halalNot halalHalal
26
BLKBlackRock Inc.
2.20%Not halalNot halalNot halalNot halalNot halal
27
LRCXLam Research Corp.
2.20%HalalHalalHalalHalalHalal
28
CRMSalesforce Inc.
2.18%HalalHalalHalalHalalHalal
29
ZBHZimmer Biomet Holdings Inc.
2.18%Not halalNot halalHalalHalalNot halal
30
SPGSimon Property Group Inc.
2.17%Not halalNot halalNot halalNot halalNot halal
31
WUWestern Union Co.
2.17%Not halalNot halalNot halalNot halalNot halal
32
MDTMedtronic PLC
2.15%HalalHalalHalalHalalHalal
33
GSKGSK PLC
2.14%HalalHalalHalalHalalHalal
34
DDDuPont de Nemours Inc.
2.12%HalalHalalHalalHalalHalal
35
EMREmerson Electric Co.
2.10%HalalHalalHalalHalalHalal
36
KKellogg Co.
2.09%Not ratedNot ratedNot ratedNot ratedNot rated
37
KHCKraft Heinz Co.
2.08%Not halalNot halalNot halalNot halalNot halal
38
BKBank of New York Mellon Corp.
2.07%Not halalNot halalNot halalNot halalNot halal
39
MMM3M Co.
2.06%HalalHalalNot halalNot halalHalal
40
RTXRaytheon Technologies Corp.
1.91%DoubtfulHalalNot halalNot halalHalal
41
DISWalt Disney Co.
1.83%Not halalNot halalNot halalNot halalNot halal
42
VZVerizon Communications Inc.
1.81%Not halalNot halalNot halalNot halalNot halal
43
BIIBBiogen Inc.
1.79%HalalHalalHalalHalalHalal
44
CAGConagra Brands Inc.
1.67%Not halalNot halalNot halalNot halalNot halal
45
TAT&T Inc.
1.65%Not halalNot halalNot halalNot halalNot halal

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

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