Unusual Whales Subversive Democratic Trading ETF

NANC

Subversive

Unusual Whales Subversive Democratic Trading ETF (NANC) 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 69.25%
Doubtful 10.37%
Not halal 20.30%
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: Subversive
Venue (where it trades): United States
Domicile (where it is registered): United States
Reporting currency: USD
Expense ratio: 0.72%
AUM: 282.94M USD
Holdings: 86 (86 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

Rulebook	Verdict	Halal	Not halal
Akinda fund screen (AAOIFI)	Not halal	69.25%	20.30%
DJIM	Not halal	71.10%	19.93%
FTSE	Not halal	54.16%	38.15%
MSCI	Not halal	54.16%	38.15%
S&P	Not halal	71.10%	19.93%

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 86 holdings, largest first · basket as of 23 Oct 2026

No.	Holding	Weight	Akinda (AAOIFI)	DJIM	FTSE	MSCI	S&P
No.	Holding	Weight	Akinda (AAOIFI)	DJIM	FTSE	MSCI	S&P
1	NVDANVIDIA Corp	8.32%	Halal	Halal	Halal	Halal	Halal
2	MSFTMicrosoft Corp	6.99%	Halal	Halal	Halal	Halal	Halal
3	GOOGAlphabet Inc	5.66%	Doubtful	Not rated	Not rated	Not rated	Not rated
4	AMZNAmazon.com Inc	4.88%	Halal	Halal	Halal	Halal	Halal
5	AAPLApple Inc	4.79%	Halal	Halal	Halal	Halal	Halal
6	CRWDCrowdstrike Holdings Inc	4.24%	Halal	Halal	Not halal	Not halal	Halal
7	AMATApplied Materials Inc	3.31%	Halal	Halal	Halal	Halal	Halal
8	PMPhilip Morris International Inc	3.25%	Not halal	Not halal	Not halal	Not halal	Not halal
9	LLYEli Lilly & Co	2.88%	Halal	Halal	Not halal	Not halal	Halal
10	CRMSalesforce Inc	2.77%	Halal	Halal	Halal	Halal	Halal
11	AXPAmerican Express Co	2.63%	Not halal	Not halal	Not halal	Not halal	Not halal
12	COSTCostco Wholesale Corp	2.47%	Halal	Halal	Halal	Halal	Halal
13	METAMeta Platforms Inc	2.18%	Halal	Halal	Halal	Halal	Halal
14	MUMicron Technology Inc	2.17%	Halal	Halal	Halal	Halal	Halal
15	NFLXNetflix Inc	2.04%	Not halal	Not halal	Not halal	Not halal	Not halal
16	VMCVulcan Materials Co	1.82%	Halal	Halal	Halal	Halal	Halal
17	SSNCSS&C Technologies Holdings Inc	1.68%	Not halal	Not halal	Not halal	Not halal	Not halal
18	AORTArtivion Inc	1.61%	Halal	Halal	Halal	Halal	Halal
19	DHIDR Horton Inc	1.50%	Halal	Halal	Halal	Halal	Halal
20	INTCIntel Corp	1.48%	Doubtful	Not rated	Not rated	Not rated	Not rated
21	JNJJohnson & Johnson	1.47%	Halal	Halal	Halal	Halal	Halal
22	AMDAdvanced Micro Devices Inc	1.47%	Halal	Halal	Halal	Halal	Halal
23	DISWalt Disney Co/The	1.23%	Not halal	Not halal	Not halal	Not halal	Not halal
24	APGAPI Group Corp	1.05%	Halal	Halal	Halal	Halal	Halal
25	AVGOBroadcom Inc	0.98%	Halal	Halal	Not halal	Not halal	Halal
26	PANWPalo Alto Networks Inc	0.94%	Halal	Halal	Halal	Halal	Halal
27	HUBBHubbell Inc	0.94%	Halal	Halal	Halal	Halal	Halal
28	KOCoca-Cola Co/The	0.89%	Halal	Halal	Not halal	Not halal	Halal
29	STXSeagate Technology Holdings PLC	0.86%	Halal	Halal	Not halal	Not halal	Halal
30	BEBloom Energy Corp	0.85%	Halal	Halal	Not halal	Not halal	Halal
31	ANETArista Networks Inc	0.84%	Halal	Halal	Not halal	Not halal	Halal
32	PWRQuanta Services Inc	0.77%	Halal	Halal	Halal	Halal	Halal
33	ABTAbbott Laboratories	0.77%	Halal	Halal	Halal	Halal	Halal
34	IBMInternational Business Machines Corp	0.75%	Doubtful	Not rated	Not halal	Not halal	Not rated
35	CVSCVS Health Corp	0.74%	Not halal	Not halal	Not halal	Not halal	Not halal
36	URIUnited Rentals Inc	0.73%	Not halal	Halal	Not halal	Not halal	Halal
37	DELLDell Technologies Inc	0.66%	Not halal	Halal	Halal	Halal	Halal
38	LRCXLam Research Corp	0.59%	Halal	Halal	Halal	Halal	Halal
39	SPCXSpace Exploration Technologies Corp	0.59%	Not halal	Not halal	Not halal	Not halal	Not halal
40	NOWServiceNow Inc	0.58%	Halal	Not halal	Not halal	Not halal	Not halal
41	MSMorgan Stanley	0.58%	Not halal	Not halal	Not halal	Not halal	Not halal
42	RTXRTX Corp	0.56%	Doubtful	Halal	Not halal	Not halal	Halal
43	TEMTempus AI Inc	0.55%	Halal	Halal	Not halal	Not halal	Halal
44	NDAQNasdaq Inc	0.55%	Not halal	Not halal	Not halal	Not halal	Not halal
45	PLTRPalantir Technologies Inc	0.53%	Doubtful	Not rated	Not halal	Not halal	Not rated
46	ARMKAramark	0.51%	Not halal	Not halal	Not halal	Not halal	Not halal
47	TCMDTactile Systems Technology Inc	0.50%	Halal	Halal	Halal	Halal	Halal
48	VSTVistra Corp	0.49%	Not halal	Not halal	Not halal	Not halal	Not halal
49	GHGuardant Health Inc	0.49%	Halal	Halal	Not halal	Not halal	Halal
50	TSMTaiwan Semiconductor Manufacturing Co Ltd	0.48%	Halal	Halal	Not halal	Not halal	Halal

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

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