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Ballast Small/Mid Cap ETF

MGMT

Ballast

Ballast Small/Mid Cap ETF (MGMT) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 98.62%. 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: 98.62%
  • Halal 43.78%
  • Doubtful 6.83%
  • Not halal 48.01%
  • Not rated 1.38%

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
Ballast
Venue (where it trades)
United States
Domicile (where it is registered)
United States
Reporting currency
USD
Expense ratio
1.17%
AUM
167.58M USD
Holdings
53 (52 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 halal43.78%48.01%
DJIMNot halal41.86%50.25%
FTSENot halal33.21%57.34%
MSCINot halal37.34%51.41%
S&PNot halal41.02%49.31%

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 53 holdings, largest first · basket as of 23 Oct 2026
No.HoldingWeightAkinda (AAOIFI)DJIMFTSEMSCIS&P
1
NRPNatural Resource Partners, L.P.
4.95%HalalHalalHalalHalalHalal
2
CLMBClimb Global Solutions, Inc.
4.44%HalalHalalNot halalNot halalHalal
3
CBNKCapital Bancorp, Inc.
3.32%Not halalNot halalNot halalNot halalNot halal
4
AGMFederal Agricultural Mortgage Corporation
3.00%Not halalNot halalNot halalNot halalNot halal
5
AZZAZZ, Inc.
2.95%HalalHalalHalalHalalHalal
6
GGenpact Ltd.
2.92%DoubtfulNot ratedNot ratedNot ratedNot rated
7
CVCOCavco Industries, Inc.
2.73%HalalHalalHalalHalalHalal
8
PAYSPaysign, Inc.
2.63%HalalNot halalNot halalNot halalNot halal
9
MBINMerchants Bancorp
2.62%Not halalNot halalNot halalNot halalNot halal
10
KOSKosmos Energy Ltd.
2.62%Not halalNot halalNot halalNot halalNot halal
11
CCSIConsensus Cloud Solutions, Inc.
2.45%Not halalNot halalNot halalNot halalNot halal
12
TPBTurning Point Brands, Inc.
2.43%Not halalNot halalNot halalNot halalNot halal
13
MTUSMetallus, Inc.
2.31%HalalHalalNot halalNot halalHalal
14
BCOBrink's Company (The)
2.29%Not halalNot halalNot halalNot halalNot halal
15
LSTRLandstar System, Inc.
2.28%HalalHalalNot halalHalalHalal
16
ECVTEcovyst, Inc.
2.20%Not halalNot halalHalalHalalNot halal
17
SPSCSPS Commerce, Inc.
2.07%HalalHalalHalalHalalHalal
18
EPSNEpsilon Energy Ltd.
2.00%Not halalNot halalHalalHalalNot halal
19
BRKRBruker Corporation
1.98%HalalHalalHalalHalalHalal
20
GEOGEO Group, Inc. (The)
1.96%Not halalNot halalNot halalNot halalNot halal
21
GPGIGPGI, Inc.
1.88%Not halalNot halalNot halalNot halalNot halal
22
RCMTRCM Technologies, Inc.
1.86%HalalHalalNot halalHalalHalal
23
MMEDMiniMed Group, Inc.
1.81%HalalHalalHalalHalalHalal
24
SEISolaris Energy Infrastructure, Inc.
1.81%Not halalNot halalNot halalNot halalNot halal
25
CASSCass Information Systems, Inc.
1.79%Not halalNot halalNot halalNot ratedNot rated
26
TEXTerex Corporation
1.77%Not halalNot halalNot halalNot halalNot halal
27
CNRCore Natural Resources, Inc.
1.76%HalalHalalHalalHalalHalal
28
HLMNHillman Solutions Corporation
1.75%Not halalNot halalHalalHalalNot halal
29
TCBXThird Coast Bancshares, Inc.
1.72%Not halalNot halalNot halalNot halalNot halal
30
BNEDBarnes & Noble Education, Inc.
1.69%HalalHalalHalalHalalHalal
31
MLIMueller Industries, Inc.
1.63%HalalHalalNot halalNot halalHalal
32
CBTCabot Corporation
1.57%HalalHalalNot ratedNot ratedHalal
33
RGLDRoyal Gold, Inc.
1.53%HalalHalalHalalHalalHalal
34
CRTOCriteo S.A.
1.53%DoubtfulHalalHalalHalalNot halal
35
BLCOBausch + Lomb Corporation
1.48%Not halalNot halalNot halalNot halalNot halal
36
EXPEagle Materials, Inc.
1.47%HalalHalalNot halalNot halalHalal
37
EPREPR Properties
1.47%Not halalNot halalNot halalNot halalNot halal
38
BELFBBel Fuse, Inc.
1.46%DoubtfulNot ratedNot ratedNot ratedNot rated
39
ATNIATN International, Inc.
1.44%Not halalNot halalNot halalNot halalNot halal
40
MTGMGIC Investment Corporation
1.44%Not halalNot halalNot halalNot halalNot halal
41
PATKPatrick Industries, Inc.
1.39%Not halalNot halalNot halalNot halalNot halal
42
TRIPTripAdvisor, Inc.
1.23%Not halalNot halalNot halalNot halalNot halal
43
DCIDonaldson Company, Inc.
1.21%HalalNot ratedNot ratedNot ratedNot rated
44
EXTRExtreme Networks, Inc.
1.20%HalalHalalHalalHalalHalal
45
COLLCollegium Pharmaceutical, Inc.
1.06%Not halalNot halalNot halalNot halalNot halal
46
SFMSprouts Farmers Market, Inc.
1.03%HalalHalalHalalHalalHalal
47
PHINPhinia, Inc.
0.95%Not halalNot halalHalalHalalNot halal
48
UNTCUnit Corporation
0.93%Not ratedNot ratedNot ratedNot ratedNot rated
49
KNKnowles Corporation
0.92%DoubtfulNot ratedNot ratedNot ratedNot rated
50
ACICAmerican Coastal Insurance Corporation
0.87%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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