Northern Trust US Quality Low Volatility ETF

QLV

FlexShares

Northern Trust US Quality Low Volatility ETF (QLV) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 96.68%. 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: 96.68%

Halal 63.70%
Doubtful 9.90%
Not halal 23.09%
Not rated 3.32%

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: 0.09%
AUM: 188.96M USD
Holdings: 118 (114 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	63.70%	23.09%
DJIM	Not halal	64.27%	27.77%
FTSE	Not halal	46.04%	46.83%
MSCI	Not halal	46.58%	46.29%
S&P	Not halal	64.73%	27.30%

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 118 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	MSFTMICROSOFT CORP COMMON STOCK USD 0.00000625	6.39%	Halal	Halal	Halal	Halal	Halal
2	AAPLAPPLE INC COMMON STOCK USD 0.00001	6.15%	Halal	Halal	Halal	Halal	Halal
3	NVDANVIDIA CORP COMMON STOCK USD 0.001	6.05%	Halal	Halal	Halal	Halal	Halal
4	JNJJOHNSON & JOHNSON COMMON STOCK USD 1	4.22%	Halal	Halal	Halal	Halal	Halal
5	XOMEXXONMOBIL HOLDINGS CORP COMMON STOCK USD	2.48%	Halal	Halal	Halal	Halal	Halal
6	COSTCOSTCO WHOLESALE CORP COMMON STOCK USD 0.005	2.39%	Halal	Halal	Halal	Halal	Halal
7	VVISA INC COMMON STOCK USD 0.0001	2.37%	Halal	Not halal	Not halal	Not halal	Not halal
8	AMZNAMAZON.COM INC COMMON STOCK USD 0.01	2.37%	Halal	Halal	Halal	Halal	Halal
9	BRK-BBERKSHIRE HATHAWAY INC COMMON STOCK USD 0.0033	1.96%	Not halal	Not halal	Not halal	Not halal	Not halal
10	GOOGLALPHABET INC-CL A - COMMON STOCK USD 0.001	1.78%	Doubtful	Not rated	Not rated	Not rated	Not rated
11	MAMASTERCARD INC COMMON STOCK USD 0.0001	1.72%	Doubtful	Not halal	Not halal	Not halal	Not halal
12	ABBVABBVIE INC COMMON STOCK USD 0.01	1.70%	Halal	Halal	Not halal	Not halal	Halal
13	AVGOBROADCOM INC COMMON STOCK USD	1.63%	Halal	Halal	Not halal	Not halal	Halal
14	LLYELI LILLY AND COMPANY	1.39%	Halal	Halal	Not halal	Not halal	Halal
15	GOOGALPHABET INC-CL C - COMMON STOCK USD 0.001	1.34%	Doubtful	Not rated	Not rated	Not rated	Not rated
16	PGTHE PROCTER & GAMBLE COMPANY.	1.29%	Halal	Halal	Halal	Halal	Halal
17	PEPPEPSICO INC COMMON STOCK USD 0.017	1.28%	Halal	Halal	Not halal	Not halal	Halal
18	KOTHE COCA-COLA COMPANY COMMON STOCK USD 0.25	1.25%	Halal	Halal	Not halal	Not halal	Halal
19	MRKMERCK & CO INC COMMON STOCK USD 0.5	1.23%	Halal	Halal	Not halal	Not halal	Halal
20	PANWPALO ALTO NETWORKS INC COMMON STOCK USD 0.0001	0.98%	Halal	Halal	Halal	Halal	Halal
21	PGRPROGRESSIVE CORP/THE COMMON STOCK USD 1	0.96%	Not halal	Not halal	Not halal	Not halal	Not halal
22	CICIGNA GROUP/THE COMMON STOCK USD 0.01	0.95%	Not halal	Not halal	Not halal	Not halal	Not halal
23	METAMETA PLATFORMS INC COMMON STOCK USD 0.000006	0.91%	Halal	Halal	Halal	Halal	Halal
24	GILDGILEAD SCIENCES INC COMMON STOCK USD 0.001	0.89%	Halal	Halal	Not halal	Not halal	Halal
25	CVXCHEVRON CORP COMMON STOCK USD 0.75	0.89%	Halal	Halal	Halal	Halal	Halal
26	LMTLOCKHEED MARTIN CORP COMMON STOCK USD 1	0.89%	Doubtful	Halal	Not halal	Not halal	Halal
27	TJXTJX COS INC/THE COMMON STOCK USD 1	0.88%	Halal	Halal	Halal	Halal	Halal
28	DUKDUKE ENERGY CORP COMMON STOCK USD 0.001	0.88%	Halal	Halal	Halal	Halal	Halal
29	VRSNVERISIGN INC COMMON STOCK USD 0.001	0.86%	Halal	Halal	Not halal	Not halal	Halal
30	EDCONSOLIDATED EDISON COMPANY OF NEW YORK INC.	0.85%	Not halal	Not halal	Not halal	Not halal	Not halal
31	IBMINTERNATIONAL BUSINESS MACHINES CORPORATION	0.84%	Doubtful	Not rated	Not halal	Not halal	Not rated
32	QLYSQUALYS INC COMMON STOCK USD 0.001	0.83%	Doubtful	Not halal	Not halal	Not halal	Not halal
33	ALLTHE ALLSTATE CORPORATION	0.80%	Not halal	Not halal	Not halal	Not halal	Not halal
34	INSWINTERNATIONAL SEAWAYS INC COMMON STOCK USD 0	0.80%	Halal	Halal	Halal	Halal	Halal
35	COPCONOCOPHILLIPS COMMON STOCK USD 0.01	0.78%	Halal	Halal	Halal	Halal	Halal
36	DOXAMDOCS LTD	0.78%	Halal	Halal	Halal	Halal	Halal
37	TRVTRAVELERS COS INC/THE COMMON STOCK USD 0	0.75%	Not halal	Not halal	Not halal	Not halal	Not halal
38	KHCKRAFT HEINZ CO/THE COMMON STOCK USD 0.01	0.74%	Not halal	Not halal	Not halal	Not halal	Not halal
39	DLBDOLBY LABORATORIES INC COMMON STOCK USD 0.001	0.74%	Halal	Halal	Halal	Halal	Halal
40	DTETHE DETROIT EDISON COMPANY	0.74%	Not halal	Not halal	Not halal	Not halal	Not halal
41	CHECHEMED CORP COMMON STOCK USD 1	0.73%	Halal	Halal	Halal	Halal	Halal
42	TXNTEXAS INSTRUMENTS INC COMMON STOCK USD 1	0.72%	Halal	Halal	Not halal	Not halal	Halal
43	HSYHERSHEY CO/THE COMMON STOCK USD 1	0.72%	Halal	Halal	Not halal	Not halal	Halal
44	MCDMCDONALD'S CORP COMMON STOCK USD 0.01	0.71%	Halal	Halal	Not halal	Not halal	Halal
45	RTXRTX CORP	0.71%	Doubtful	Halal	Not halal	Not halal	Halal
46	VZVERIZON COMMUNICATIONS INC COMMON STOCK USD 0.1	0.70%	Not halal	Not halal	Not halal	Not halal	Not halal
47	SNASNAP-ON INC COMMON STOCK USD 1	0.69%	Doubtful	Not rated	Not rated	Not rated	Not rated
48	CRUSCIRRUS LOGIC INC COMMON STOCK USD 0.001	0.69%	Halal	Halal	Not halal	Not halal	Halal
49	0VQD.LCHUBB LTD COMMON STOCK USD 24.15	0.69%	Not rated	Not rated	Not rated	Not rated	Not rated
50	SOTHE SOUTHERN COMPANY	0.64%	Not halal	Not halal	Not halal	Not halal	Not halal

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

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