Northern Trust Quality Dividend Defensive ETF

QDEF

FlexShares

Northern Trust Quality Dividend Defensive ETF (QDEF) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 96.78%. 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: 96.78%

Halal 58.54%
Doubtful 10.64%
Not halal 27.59%
Not rated 3.22%

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: FlexShares
Venue (where it trades): United States
Domicile (where it is registered): United States
Reporting currency: USD
Expense ratio: 0.40%
AUM: 551.06M USD
Holdings: 153 (149 screened)
Basket as of (provider): 23 Oct 2026
Basket fetched by Akinda: 26 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	58.54%	27.59%
DJIM	Not halal	58.61%	29.52%
FTSE	Not halal	45.99%	43.06%
MSCI	Not halal	46.74%	42.31%
S&P	Not halal	58.87%	28.75%

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 153 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	AAPLAPPLE INC COMMON STOCK USD 0.00001	9.11%	Halal	Halal	Halal	Halal	Halal
2	NVDANVIDIA CORP COMMON STOCK USD 0.001	6.56%	Halal	Halal	Halal	Halal	Halal
3	MSFTMICROSOFT CORP COMMON STOCK USD 0.00000625	4.46%	Halal	Halal	Halal	Halal	Halal
4	JNJJOHNSON & JOHNSON COMMON STOCK USD 1	2.80%	Halal	Halal	Halal	Halal	Halal
5	AVGOBROADCOM INC COMMON STOCK USD	2.42%	Halal	Halal	Not halal	Not halal	Halal
6	GOOGLALPHABET INC-CL A - COMMON STOCK USD 0.001	2.17%	Doubtful	Not rated	Not rated	Not rated	Not rated
7	PMPHILIP MORRIS INTERNATIONAL INC COMMON STOCK USD 0	2.14%	Not halal	Not halal	Not halal	Not halal	Not halal
8	LLYELI LILLY AND COMPANY	2.03%	Halal	Halal	Not halal	Not halal	Halal
9	JPMJPMORGAN CHASE & CO COMMON STOCK USD 1	1.96%	Not halal	Not halal	Not halal	Not halal	Not halal
10	GOOGALPHABET INC-CL C - COMMON STOCK USD 0.001	1.73%	Doubtful	Not rated	Not rated	Not rated	Not rated
11	METAMETA PLATFORMS INC COMMON STOCK USD 0.000006	1.37%	Halal	Halal	Halal	Halal	Halal
12	KLACKLA CORP COMMON STOCK USD 0.001	1.32%	Halal	Halal	Halal	Halal	Halal
13	MUMICRON TECHNOLOGY INC COMMON STOCK USD 0.1	1.30%	Halal	Halal	Halal	Halal	Halal
14	GILDGILEAD SCIENCES INC COMMON STOCK USD 0.001	1.26%	Halal	Halal	Not halal	Not halal	Halal
15	QCOMQUALCOMM INC COMMON STOCK USD 0.0001	1.23%	Halal	Halal	Halal	Halal	Halal
16	ABBVABBVIE INC COMMON STOCK USD 0.01	1.21%	Halal	Halal	Not halal	Not halal	Halal
17	TJXTJX COS INC/THE COMMON STOCK USD 1	1.10%	Halal	Halal	Halal	Halal	Halal
18	PGTHE PROCTER & GAMBLE COMPANY.	1.08%	Halal	Halal	Halal	Halal	Halal
19	LRCXLAM RESEARCH CORP COMMON STOCK USD 0.001	1.03%	Halal	Halal	Halal	Halal	Halal
20	CSCOCISCO SYSTEMS INC COMMON STOCK USD 0.001	1.03%	Halal	Halal	Halal	Halal	Halal
21	BMYBRISTOL-MYERS SQUIBB CO COMMON STOCK USD 0.1	0.87%	Not halal	Not halal	Not halal	Not halal	Not halal
22	MOALTRIA GROUP INC COMMON STOCK USD 0.333	0.87%	Not halal	Not halal	Not halal	Not halal	Not halal
23	LMTLOCKHEED MARTIN CORP COMMON STOCK USD 1	0.84%	Doubtful	Halal	Not halal	Not halal	Halal
24	ADPAUTOMATIC DATA PROCESSING INC COMMON STOCK USD 0.1	0.84%	Not halal	Not halal	Not halal	Not halal	Not halal
25	VLOVALERO ENERGY CORP COMMON STOCK USD 0.01	0.83%	Halal	Halal	Halal	Halal	Halal
26	WFCWELLS FARGO & CO COMMON STOCK USD 1.666	0.83%	Not halal	Not halal	Not halal	Not halal	Not halal
27	MPCMARATHON PETROLEUM CORP COMMON STOCK USD 0.01	0.81%	Not halal	Not halal	Not halal	Not halal	Not halal
28	NEMNEWMONT CORP COMMON STOCK USD 1.6	0.81%	Halal	Halal	Halal	Halal	Halal
29	GEVGE VERNOVA INC COMMON STOCK USD 0.01	0.79%	Halal	Halal	Halal	Halal	Halal
30	0Y0Y.LACCENTURE PLC COMMON STOCK USD 0.0000225	0.73%	Not rated	Not rated	Not rated	Not rated	Not rated
31	AMGNAMGEN INC COMMON STOCK USD 0.0001	0.70%	Not halal	Not halal	Not halal	Not halal	Not halal
32	TTTRANE TECHNOLOGIES PLC COMMON STOCK USD 1	0.68%	Halal	Halal	Halal	Halal	Halal
33	MSMORGAN STANLEY DEAN WITTER & CO.	0.68%	Not halal	Not halal	Not halal	Not halal	Not halal
34	CICIGNA GROUP/THE COMMON STOCK USD 0.01	0.67%	Not halal	Not halal	Not halal	Not halal	Not halal
35	DUKDUKE ENERGY CORP COMMON STOCK USD 0.001	0.66%	Halal	Halal	Halal	Halal	Halal
36	CTSHCOGNIZANT TECHNOLOGY SOLUTIONS CORP COMMON STOCK	0.64%	Doubtful	Not rated	Not rated	Not rated	Not rated
37	CLCOLGATE-PALMOLIVE COMPANY COMMON STOCK USD 1	0.63%	Halal	Halal	Not halal	Not halal	Halal
38	METMETLIFE INC COMMON STOCK USD 0.01	0.61%	Not halal	Not halal	Not halal	Not halal	Not halal
39	PAYCPAYCOM SOFTWARE INC COMMON STOCK USD 0.01	0.61%	Doubtful	Not rated	Not rated	Not rated	Not rated
40	HASHASBRO INC COMMON STOCK USD 0.5	0.61%	Not halal	Not halal	Not halal	Not halal	Not halal
41	AEM.TOAGNICO EAGLE MINES LTD COMMON STOCK CAD 0	0.59%	Halal	Halal	Halal	Halal	Halal
42	EDCONSOLIDATED EDISON COMPANY OF NEW YORK INC.	0.59%	Not halal	Not halal	Not halal	Not halal	Not halal
43	APAAPA CORP COMMON STOCK USD 0.625	0.59%	Not halal	Not halal	Halal	Halal	Not halal
44	MTCHMATCH GROUP INC COMMON STOCK USD 0.001	0.58%	Not halal	Not halal	Not halal	Not halal	Not halal
45	EBAYEBAY INC COMMON STOCK USD 0.001	0.58%	Doubtful	Not rated	Not halal	Not halal	Not rated
46	BBYBEST BUY CO INC COMMON STOCK USD 0.1	0.57%	Halal	Halal	Halal	Halal	Halal
47	GGENPACT LTD COMMON STOCK USD 0.01	0.57%	Doubtful	Not rated	Not rated	Not rated	Not rated
48	INTUINTUIT INC COMMON STOCK USD 0.01	0.57%	Doubtful	Not rated	Not rated	Not rated	Not rated
49	CMCSACOMCAST CORP COMMON STOCK USD 0.01	0.55%	Not halal	Not halal	Not halal	Not halal	Not halal
50	ITWILLINOIS TOOL WORKS INC COMMON STOCK USD 0.01	0.54%	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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