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Monarch Volume Factor Dividend Tree ETF

MVFD

Monarch

Monarch Volume Factor Dividend Tree ETF (MVFD) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 99.91%. 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: 99.91%
  • Halal 22.01%
  • Doubtful 11.21%
  • Not halal 66.70%
  • Not rated 0.09%

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
Monarch
Venue (where it trades)
United States
Domicile (where it is registered)
United States
Reporting currency
USD
Expense ratio
1.10%
AUM
142.05M USD
Holdings
40 (40 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 halal22.01%66.70%
DJIMNot halal16.88%74.54%
FTSENot halal18.00%76.70%
MSCINot halal18.00%76.70%
S&PNot halal16.88%74.54%

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

1–40 of 40 holdings, largest first · basket as of 23 Oct 2026
No.HoldingWeightAkinda (AAOIFI)DJIMFTSEMSCIS&P
1
LWLamb Weston Holdings, Inc.
3.54%Not halalNot halalNot halalNot halalNot halal
2
VRSKVerisk Analytics, Inc.
3.27%DoubtfulNot ratedNot halalNot halalNot rated
3
ADPAutomatic Data Processing, Inc.
3.20%Not halalNot halalNot halalNot halalNot halal
4
ELVElevance Health, Inc.
2.99%Not halalNot halalNot halalNot halalNot halal
5
DKDelek US Holdings, Inc.
2.92%Not halalNot halalNot halalNot halalNot halal
6
SJMJ M Smucker Company (The)
2.81%Not halalNot halalNot halalNot halalNot halal
7
TTEKTetra Tech, Inc.
2.74%HalalHalalHalalHalalHalal
8
FDSFactSet Research Systems, Inc.
2.72%DoubtfulNot halalNot halalNot halalNot halal
9
ACNAccenture plc
2.68%DoubtfulNot ratedNot ratedNot ratedNot rated
10
EGEverest Group Ltd.
2.66%Not halalNot halalNot halalNot halalNot halal
11
TRVTravelers Companies, Inc. (The)
2.65%Not halalNot halalNot halalNot halalNot halal
12
RPRXRoyalty Pharma plc
2.60%Not halalNot halalNot halalNot halalNot halal
13
MORNMorningstar, Inc.
2.60%HalalNot halalNot halalNot halalNot halal
14
BFHBread Financial Holdings, Inc.
2.60%Not halalNot halalNot halalNot halalNot halal
15
SIRISirius XM Holdings, Inc.
2.56%Not halalNot halalNot halalNot halalNot halal
16
METMetLife, Inc.
2.55%Not halalNot halalNot halalNot halalNot halal
17
AFLAflac, Inc.
2.55%Not halalNot halalNot halalNot halalNot halal
18
PAYCPaycom Software, Inc.
2.53%DoubtfulNot ratedNot ratedNot ratedNot rated
19
MCMoelis & Company
2.53%HalalNot halalNot halalNot halalNot halal
20
OWLBlue Owl Capital, Inc.
2.52%Not halalNot halalNot halalNot halalNot halal
21
RHIRobert Half, Inc.
2.51%HalalHalalHalalHalalHalal
22
KTBKontoor Brands, Inc.
2.50%HalalHalalNot halalNot halalHalal
23
AIZAssurant, Inc.
2.46%Not halalNot halalNot halalNot halalNot halal
24
PRIPrimerica, Inc.
2.46%Not halalNot halalNot halalNot halalNot halal
25
PRUPrudential Financial, Inc.
2.42%Not halalNot halalNot halalNot halalNot halal
26
UNHUnitedHealth Group, Inc.
2.41%Not halalNot halalNot halalNot halalNot halal
27
CHDChurch & Dwight Company, Inc.
2.38%HalalHalalHalalHalalHalal
28
CNOCNO Financial Group, Inc.
2.34%Not halalNot halalNot halalNot halalNot halal
29
GLGlobe Life, Inc.
2.33%Not halalNot halalNot halalNot halalNot halal
30
MMacy's, Inc.
2.33%Not halalNot halalHalalHalalNot halal
31
QCOMQUALCOMM, Inc.
2.29%HalalHalalHalalHalalHalal
32
IBPInstalled Building Products, Inc.
2.27%HalalHalalNot halalNot halalHalal
33
TROWT Rowe Price Group, Inc.
2.18%Not halalNot halalNot halalNot halalNot halal
34
MATXMatson, Inc.
2.18%HalalHalalHalalHalalHalal
35
OMFOneMain Holdings, Inc.
2.12%Not halalNot halalNot halalNot halalNot halal
36
PFGPrincipal Financial Group, Inc.
2.08%Not halalNot halalNot halalNot halalNot halal
37
TPGTPG, Inc.
2.05%Not halalNot halalNot halalNot halalNot halal
38
MTHMeritage Homes Corporation
1.91%Not halalNot halalHalalHalalNot halal
39
APAMArtisan Partners Asset Management, Inc.
1.81%Not halalNot halalNot halalNot halalNot halal
40
WERNWerner Enterprises, Inc.
1.66%Not halalNot halalHalalHalalNot halal

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

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