Elevation Series Trust - Npf Core Equity Etf

NPFE

NPF Investment Advisors

Elevation Series Trust - Npf Core Equity Etf (NPFE) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 95.61%. 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: 95.61%

Halal 70.46%
Doubtful 15.74%
Not halal 9.42%
Not rated 4.39%

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: NPF Investment Advisors
Venue (where it trades): United States
Domicile (where it is registered): United States
Reporting currency: USD
Expense ratio: 0.40%
AUM: 658.61M USD
Holdings: 161 (158 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	70.46%	9.42%
DJIM	Not halal	63.65%	18.79%
FTSE	Not halal	41.85%	46.78%
MSCI	Not halal	41.85%	46.78%
S&P	Not halal	63.66%	18.78%

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 161 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	BLLBall Corp	4.24%	Not rated	Not rated	Not rated	Not rated	Not rated
2	GOOGLAlphabet Inc	4.12%	Doubtful	Not rated	Not rated	Not rated	Not rated
3	VVisa Inc	4.03%	Halal	Not halal	Not halal	Not halal	Not halal
4	AMZNAmazon.com Inc	3.86%	Halal	Halal	Halal	Halal	Halal
5	BRK-BBerkshire Hathaway Inc CL B	3.67%	Not halal	Not halal	Not halal	Not halal	Not halal
6	ALSNAllison Transmission Holdings	3.65%	Not halal	Not halal	Not halal	Not halal	Not halal
7	NVDANVIDIA Corp	3.57%	Halal	Halal	Halal	Halal	Halal
8	VRSKVerisk Analytics Inc	3.39%	Doubtful	Not rated	Not halal	Not halal	Not rated
9	DHRDanaher Corp	3.31%	Halal	Halal	Halal	Halal	Halal
10	MRKMerck & Co Inc	3.21%	Halal	Halal	Not halal	Not halal	Halal
11	LINLinde PLC	3.09%	Halal	Halal	Halal	Halal	Halal
12	AMATApplied Materials Inc	2.98%	Halal	Halal	Halal	Halal	Halal
13	MCOMoody's Corp	2.84%	Doubtful	Not halal	Not halal	Not halal	Not halal
14	TSMTaiwan Semiconductor Manufacturing Co Ltd ADR	2.81%	Halal	Halal	Not halal	Not halal	Halal
15	WMWaste Management Inc	2.79%	Halal	Not rated	Not halal	Not halal	Not rated
16	UNPUnion Pacific Corp	2.69%	Halal	Halal	Not halal	Not halal	Halal
17	MAMastercard Inc	2.50%	Doubtful	Not halal	Not halal	Not halal	Not halal
18	ABTAbbott Laboratories	2.43%	Halal	Halal	Halal	Halal	Halal
19	SHWSherwin-Williams Co/The	2.40%	Halal	Halal	Not halal	Not halal	Halal
20	TMOThermo Fisher Scientific Inc	2.34%	Halal	Halal	Not halal	Not halal	Halal
21	KNXKnight-Swift Transportation Holdings Inc	1.85%	Halal	Halal	Halal	Halal	Halal
22	MSIMotorola Solutions Inc	1.77%	Halal	Halal	Not halal	Not halal	Halal
23	COHRCoherent Corp	1.64%	Halal	Halal	Halal	Halal	Halal
24	ECLEcolab Inc	1.51%	Halal	Halal	Not halal	Not halal	Halal
25	ETNEaton Corp PLC	1.45%	Doubtful	Not rated	Not rated	Not rated	Not rated
26	SSNCSS&C Technologies Holdings Inc	1.41%	Not halal	Not halal	Not halal	Not halal	Not halal
27	TRMBTrimble Inc	1.39%	Halal	Halal	Halal	Halal	Halal
28	EPAMEPAM Systems Inc	1.36%	Doubtful	Not rated	Not rated	Not rated	Not rated
29	METAMeta Platforms Inc	1.27%	Halal	Halal	Halal	Halal	Halal
30	KLACKLA Corp	1.24%	Halal	Halal	Halal	Halal	Halal
31	TYLTyler Technologies Inc	1.22%	Halal	Halal	Halal	Halal	Halal
32	MSFTMicrosoft Corp	10.96%	Halal	Halal	Halal	Halal	Halal
33	ENTGEntegris Inc	1.02%	Halal	Halal	Not halal	Not halal	Halal
34	ZBRAZebra Technologies Corp	0.92%	Halal	Halal	Halal	Halal	Halal
35	SYKStryker Corp	0.89%	Halal	Halal	Not halal	Not halal	Halal
36	NDSNNordson Corp	0.86%	Halal	Halal	Not halal	Not halal	Halal
37	TJXTJX Cos Inc/The	0.84%	Halal	Halal	Halal	Halal	Halal
38	HDHome Depot Inc/The	0.82%	Halal	Halal	Not halal	Not halal	Halal
39	VIKViking Holdings Ltd	0.63%	Halal	Halal	Not halal	Not halal	Halal
40	ANETArista Networks Inc	0.56%	Halal	Halal	Not halal	Not halal	Halal
41	CDNSCadence Design Systems Inc	0.44%	Halal	Halal	Halal	Halal	Halal
42	SNPSSynopsys Inc	0.41%	Halal	Halal	Halal	Halal	Halal
43	ISRGIntuitive Surgical Inc	0.06%	Halal	Halal	Halal	Halal	Halal
44	AVGOBroadcom Inc	0.06%	Halal	Halal	Not halal	Not halal	Halal
45	GSGoldman Sachs Group Inc/The	0.05%	Not halal	Not halal	Not halal	Not halal	Not halal
46	NSCNorfolk Southern Corp	0.05%	Halal	Halal	Not halal	Not halal	Halal
47	PEPPepsiCo Inc	0.04%	Halal	Halal	Not halal	Not halal	Halal
48	ADPAutomatic Data Processing Inc	0.03%	Not halal	Not halal	Not halal	Not halal	Not halal
49	RYCEFRolls-Royce Holdings PLC	0.03%	Halal	Halal	Not halal	Not halal	Halal
50	AMDAdvanced Micro Devices Inc	0.03%	Halal	Halal	Halal	Halal	Halal

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

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