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First Trust Multi-Manager Small Cap Opportunities ETF

MMSC

First Trust

First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 97.87%. 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: 97.87%
  • Halal 54.54%
  • Doubtful 10.04%
  • Not halal 33.30%
  • Not rated 2.13%

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
First Trust
Venue (where it trades)
United States
Domicile (where it is registered)
United States
Reporting currency
USD
Expense ratio
0.95%
AUM
51.02M USD
Holdings
198 (198 screened)
Basket as of (provider)
22 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 halal54.54%33.30%
DJIMNot halal57.04%31.24%
FTSENot halal29.09%65.18%
MSCINot halal29.09%64.76%
S&PNot halal59.10%29.18%

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 198 holdings, largest first · basket as of 22 Oct 2026
No.HoldingWeightAkinda (AAOIFI)DJIMFTSEMSCIS&P
1
ZETAZeta Global Holdings Corp. (Class A)
1.62%HalalHalalHalalHalalHalal
2
FROGJFrog Ltd.
1.62%HalalHalalNot halalNot halalHalal
3
XMTRXometry, Inc. (Class A)
1.61%HalalHalalNot halalNot halalHalal
4
FCFSFirstCash Holdings, Inc.
1.46%Not halalNot halalNot halalNot halalNot halal
5
GHGuardant Health, Inc.
1.36%HalalHalalNot halalNot halalHalal
6
VRNSVaronis Systems, Inc.
1.33%Not halalNot halalNot halalNot halalNot halal
7
TVTXTravere Therapeutics, Inc.
1.32%HalalHalalNot halalNot halalHalal
8
TWSTTwist Bioscience Corporation
1.29%HalalHalalNot halalNot halalHalal
9
OLLIOllie's Bargain Outlet Holdings, Inc.
1.28%HalalHalalHalalHalalHalal
10
RGENRepligen Corporation
1.23%HalalHalalHalalHalalHalal
11
NTSKNetskope, Inc. (Class A)
1.19%HalalHalalNot halalNot halalHalal
12
PTGXProtagonist Therapeutics, Inc.
1.18%Not halalNot halalNot halalNot halalNot halal
13
SAILSailPoint, Inc.
1.16%HalalHalalHalalHalalHalal
14
LGNDLigand Pharmaceuticals Inc. (Class B)
1.14%HalalHalalNot halalNot halalHalal
15
RBRKRubrik, Inc. (Class A)
1.12%HalalHalalNot halalNot halalHalal
16
SYRESpyre Therapeutics, Inc.
1.09%Not halalNot halalNot halalNot halalNot halal
17
HALOHalozyme Therapeutics, Inc.
1.07%Not halalHalalNot halalNot halalHalal
18
EZPWEZCORP, Inc.
0.99%Not halalNot halalNot halalNot halalNot halal
19
EXELExelixis, Inc.
0.92%HalalHalalNot halalNot halalHalal
20
MANHManhattan Associates, Inc.
0.90%HalalHalalNot halalNot halalHalal
21
EWTXEdgewise Therapeutics, Inc.
0.79%Not halalNot halalNot halalNot halalNot halal
22
FSLYFastly, Inc. (Class A)
0.77%HalalHalalHalalHalalHalal
23
PRAXPraxis Precision Medicines, Inc.
0.77%Not halalNot halalNot halalNot halalNot halal
24
ICLRICON Plc
0.76%HalalHalalHalalHalalHalal
25
VIRTVirtu Financial, Inc. (Class A)
0.75%Not halalNot halalNot halalNot halalNot halal
26
RBCRBC Bearings Incorporated
0.74%DoubtfulNot ratedNot ratedNot ratedNot rated
27
AAMIAcadian Asset Management Inc.
0.73%Not halalNot halalNot halalNot halalNot halal
28
DFTXDefinium Therapeutics Inc.
0.73%Not halalNot halalNot halalNot halalNot halal
29
MEDPMedpace Holdings, Inc.
0.70%HalalHalalHalalHalalHalal
30
IRTCiRhythm Holdings, Inc.
0.68%HalalHalalNot halalNot halalHalal
31
ECPGEncore Capital Group, Inc.
0.68%Not halalNot halalNot halalNot halalNot halal
32
GKOSGlaukos Corporation
0.67%HalalHalalHalalHalalHalal
33
LTHLife Time Group Holdings, Inc.
0.66%Not halalNot halalNot halalNot halalNot halal
34
SIMOSilicon Motion Technology Corporation (ADR)
0.66%HalalHalalHalalHalalHalal
35
FWRGFirst Watch Restaurant Group, Inc.
0.66%HalalNot halalHalalHalalHalal
36
PIImpinj, Inc.
0.66%HalalHalalNot halalNot halalHalal
37
VSECVSE Corporation
0.65%DoubtfulHalalNot halalNot halalHalal
38
WTWisdomTree, Inc.
0.65%Not halalNot halalNot halalNot halalNot halal
39
MTSIMACOM Technology Solutions Holdings, Inc.
0.65%DoubtfulNot ratedNot halalNot halalNot rated
40
DOCNDigitalOcean Holdings, Inc.
0.65%HalalHalalNot halalNot halalHalal
41
SEPNSepterna, Inc.
0.65%Not halalNot halalNot halalNot halalNot halal
42
HQYHealthEquity, Inc.
0.65%DoubtfulNot ratedNot ratedNot ratedNot rated
43
DSGXThe Descartes Systems Group Inc.
0.64%HalalNot ratedNot ratedNot ratedNot rated
44
CHEFThe Chefs' Warehouse, Inc.
0.64%Not halalNot halalNot halalNot halalNot halal
45
WINGWingstop Inc.
0.64%DoubtfulNot ratedNot halalNot halalNot rated
46
FIVNFive9, Inc.
0.64%HalalNot halalNot halalNot halalHalal
47
MGYMagnolia Oil & Gas Corporation (Class A)
0.64%HalalHalalHalalHalalHalal
48
FIVEFive Below, Inc.
0.64%HalalHalalHalalHalalHalal
49
KYMRKymera Therapeutics, Inc.
0.64%Not halalNot ratedNot halalNot halalNot rated
50
BRZEBraze, Inc. (Class A)
0.61%HalalHalalNot halalNot halalHalal

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

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