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Level Four Large Cap Growth Active ETF

LGRO

ALPS Funds

Level Four Large Cap Growth Active ETF (LGRO) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 94.65%. 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: 94.65%
  • Halal 65.11%
  • Doubtful 14.19%
  • Not halal 15.36%
  • Not rated 5.35%

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
0.50%
AUM
138.48M USD
Holdings
48 (48 screened)
Basket as of (provider)
23 Oct 2026
Basket fetched by Akinda
23 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

RulebookVerdictHalalNot halalSplit (0–100%)
Akinda fund screen (AAOIFI)Not halal65.11%15.36%
DJIMNot halal62.36%26.41%
FTSENot halal52.69%36.08%
MSCINot halal52.69%36.08%
S&PNot halal62.36%26.41%

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

1–48 of 48 holdings, largest first · basket as of 23 Oct 2026
No.HoldingWeightAkinda (AAOIFI)DJIMFTSEMSCIS&P
1
MSFTMicrosoft Corp.
7.41%HalalHalalHalalHalalHalal
2
AAPLApple Inc.
7.23%HalalHalalHalalHalalHalal
3
AMZNAmazon.com Inc.
4.43%HalalHalalHalalHalalHalal
4
GOOGLAlphabet Inc.
4.17%DoubtfulNot ratedNot ratedNot ratedNot rated
5
NVDANVIDIA Corp.
4.00%HalalHalalHalalHalalHalal
6
TWLOTwilio Inc.
3.76%HalalHalalHalalHalalHalal
7
UNHUnitedHealth Group Inc.
3.60%Not halalNot halalNot halalNot halalNot halal
8
PYPLPayPal Holdings Inc.
3.49%DoubtfulNot halalNot halalNot halalNot halal
9
SNOWSnowflake Inc.
3.05%HalalHalalNot halalNot halalHalal
10
NOWServiceNow Inc.
2.80%HalalNot halalNot halalNot halalNot halal
11
PSXPhillips 66
2.72%Not halalNot halalHalalHalalNot halal
12
CRMSalesforce Inc.
2.55%HalalHalalHalalHalalHalal
13
METAMeta Platforms Inc.
2.39%HalalHalalHalalHalalHalal
14
MDBMongoDB Inc.
2.27%HalalHalalNot halalNot halalHalal
15
UBERUber Technologies Inc.
2.20%HalalHalalHalalHalalHalal
16
DOCUDocusign Inc.
2.18%HalalHalalHalalHalalHalal
17
MUMicron Technology Inc.
2.12%HalalHalalHalalHalalHalal
18
MAMastercard Inc.
1.97%DoubtfulNot halalNot halalNot halalNot halal
19
MPWRMonolithic Power Systems Inc.
1.91%HalalHalalHalalHalalHalal
20
BKNGBooking Holdings Inc.
1.74%DoubtfulNot halalNot halalNot halalNot halal
21
BLKBlackrock Inc.
1.73%Not halalNot halalNot halalNot halalNot halal
22
AVGOBroadcom Inc.
1.60%HalalHalalNot halalNot halalHalal
23
RHRH
1.48%Not halalNot halalNot halalNot halalNot halal
24
PANWPalo Alto Networks Inc.
1.45%HalalHalalHalalHalalHalal
25
RALRalliant Corp.
1.28%HalalHalalHalalHalalHalal
26
PAYCPaycom Software Inc.
1.26%DoubtfulNot ratedNot ratedNot ratedNot rated
27
ABBVAbbVie Inc.
1.23%HalalHalalNot halalNot halalHalal
28
NFLXNetflix Inc.
1.17%Not halalNot halalNot halalNot halalNot halal
29
ETSYEtsy Inc.
1.16%Not halalNot halalNot halalNot halalNot halal
30
LMTLockheed Martin Corp.
1.10%DoubtfulHalalNot halalNot halalHalal
31
AMATApplied Materials Inc.
1.10%HalalHalalHalalHalalHalal
32
VRTXVertex Pharmaceuticals Inc.
1.07%HalalHalalHalalHalalHalal
33
VVisa Inc.
1.05%HalalNot halalNot halalNot halalNot halal
34
ANETArista Networks Inc.
1.03%HalalHalalNot halalNot halalHalal
35
DXCMDexcom Inc.
0.99%HalalHalalHalalHalalHalal
36
LRCXLam Research Corp.
0.99%HalalHalalHalalHalalHalal
37
MSMorgan Stanley
0.96%Not halalNot halalNot halalNot halalNot halal
38
DISWalt Disney Co.
0.89%Not halalNot halalNot halalNot halalNot halal
39
STZConstellation Brands Inc.
0.86%Not halalNot halalNot halalNot halalNot halal
40
ISRGIntuitive Surgical Inc.
0.86%HalalHalalHalalHalalHalal
41
PHMPulteGroup Inc.
0.84%HalalHalalHalalHalalHalal
42
HDHome Depot Inc.
0.77%HalalHalalNot halalNot halalHalal
43
TDGTransDigm Group Inc.
0.77%Not halalNot halalNot halalNot halalNot halal
44
FTVFortive Corp.
0.76%HalalHalalHalalHalalHalal
45
MCDMcDonald's Corp.
0.71%HalalHalalNot halalNot halalHalal
46
CPRTCopart Inc.
0.61%HalalHalalNot halalNot halalHalal
47
ZZillow Group Inc.
0.45%DoubtfulNot ratedNot ratedNot ratedNot rated
48
CELHCelsius Holdings Inc.
0.45%HalalHalalHalalHalalHalal

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

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