Nationwide Risk-Based U.S. Equity ETF

RBUS

Nationwide Risk-Based U.S. Equity ETF (RBUS) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 89.44%. 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: 89.44%

Halal 42.81%
Doubtful 8.01%
Not halal 38.62%
Not rated 10.56%

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: —
Venue (where it trades): United States
Domicile (where it is registered): United States
Reporting currency: USD
Expense ratio: 0.30%
AUM: 112.18M USD
Holdings: 251 (223 screened)
Basket as of (provider): 17 Apr 2023
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	42.81%	38.62%
DJIM	Not halal	43.31%	39.89%
FTSE	Not halal	26.13%	60.61%
MSCI	Not halal	26.13%	60.61%
S&P	Not halal	45.22%	37.57%

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 251 holdings, largest first · basket as of 17 Apr 2023

No.	Holding	Weight	Akinda (AAOIFI)	DJIM	FTSE	MSCI	S&P
No.	Holding	Weight	Akinda (AAOIFI)	DJIM	FTSE	MSCI	S&P
1	KRThe Kroger Co.	1.84%	Not halal	Not halal	Not halal	Not halal	Not halal
2	HRLHormel Foods Corporation	0.88%	Not halal	Not halal	Not halal	Not halal	Not halal
3	KKellogg Company	0.84%	Not rated	Not rated	Not rated	Not rated	Not rated
4	CLXThe Clorox Company	0.83%	Not halal	Not halal	Not halal	Not halal	Halal
5	DPZDomino's Pizza, Inc.	0.78%	Not halal	Not halal	Not halal	Not halal	Not halal
6	KMBKimberly-Clark Corporation	0.67%	Halal	Halal	Not halal	Not halal	Halal
7	VZVerizon Communications Inc.	0.67%	Not halal	Not halal	Not halal	Not halal	Not halal
8	WMTWalmart Inc.	0.67%	Halal	Halal	Halal	Halal	Halal
9	SJMThe J. M. Smucker Company	0.66%	Not halal	Not halal	Not halal	Not halal	Not halal
10	GISGeneral Mills, Inc.	0.65%	Not halal	Not halal	Not halal	Not halal	Not halal
11	LLYEli Lilly and Company	0.63%	Halal	Halal	Not halal	Not halal	Halal
12	HSYThe Hershey Company	0.62%	Halal	Halal	Not halal	Not halal	Halal
13	PFEPfizer Inc.	0.60%	Not halal	Not halal	Halal	Halal	Not halal
14	CLColgate-Palmolive Company	0.58%	Halal	Halal	Not halal	Not halal	Halal
15	KDPKeurig Dr Pepper Inc.	0.56%	Not halal	Not halal	Halal	Halal	Not halal
16	BMYBristol-Myers Squibb Company	0.55%	Not halal	Not halal	Not halal	Not halal	Not halal
17	CHDChurch & Dwight Co., Inc.	0.55%	Halal	Halal	Halal	Halal	Halal
18	EDConsolidated Edison, Inc.	0.55%	Not halal	Not halal	Not halal	Not halal	Not halal
19	PGThe Procter & Gamble Company	0.55%	Halal	Halal	Halal	Halal	Halal
20	PMPhilip Morris International Inc.	0.55%	Not halal	Not halal	Not halal	Not halal	Not halal
21	CARRCarrier Global Corporation	0.54%	Halal	Halal	Halal	Halal	Halal
22	JNJJohnson & Johnson	0.54%	Halal	Halal	Halal	Halal	Halal
23	OTISOtis Worldwide Corporation	0.54%	Halal	Halal	Not halal	Not halal	Halal
24	BDXBecton, Dickinson and Company	0.53%	Not halal	Not halal	Not halal	Not halal	Not halal
25	COSTCostco Wholesale Corporation	0.53%	Halal	Halal	Halal	Halal	Halal
26	NOCNorthrop Grumman Corporation	0.53%	Doubtful	Halal	Not halal	Not halal	Halal
27	ABBVAbbVie Inc.	0.52%	Halal	Halal	Not halal	Not halal	Halal
28	DGDollar General Corporation	0.52%	Halal	Halal	Halal	Halal	Halal
29	GILDGilead Sciences, Inc.	0.52%	Halal	Halal	Not halal	Not halal	Halal
30	WORKSlack Technologies, Inc.	0.52%	Not rated	Not rated	Not rated	Not rated	Not rated
31	YUMCYum China Holdings, Inc.	0.52%	Not halal	Not halal	Not halal	Not halal	Not halal
32	CAGConagra Brands, Inc.	0.51%	Not halal	Not halal	Not halal	Not halal	Not halal
33	CVSCVS Health Corporation	0.51%	Not halal	Not halal	Not halal	Not halal	Not halal
34	CHTRCharter Communications, Inc.	0.50%	Not halal	Not halal	Not halal	Not halal	Not halal
35	EXPDExpeditors International of Washington, Inc.	0.50%	Halal	Not halal	Not halal	Not halal	Not halal
36	LUMNLumen Technologies, Inc.	0.50%	Not halal	Not halal	Not halal	Not halal	Not halal
37	BAXBaxter International Inc.	0.49%	Not halal	Not halal	Not halal	Not halal	Not halal
38	BRK/B—	0.49%	Not rated	Not rated	Not rated	Not rated	Not rated
39	DUKDuke Energy Corporation	0.48%	Halal	Halal	Halal	Halal	Halal
40	EAElectronic Arts Inc.	0.48%	Not rated	Not rated	Not rated	Not rated	Not rated
41	LHXL3Harris Technologies, Inc.	0.48%	Doubtful	Halal	Not halal	Not halal	Halal
42	MDLZMondelez International, Inc.	0.48%	Halal	Halal	Halal	Halal	Halal
43	TAT&T Inc.	0.48%	Not halal	Not halal	Not halal	Not halal	Not halal
44	TSNTyson Foods, Inc.	0.48%	Not halal	Not halal	Not halal	Not halal	Not halal
45	BIIBBiogen Inc.	0.47%	Halal	Halal	Halal	Halal	Halal
46	DDominion Energy, Inc.	0.47%	Not halal	Not halal	Not halal	Not halal	Not halal
47	MMM3M Company	0.47%	Halal	Halal	Not halal	Not halal	Halal
48	STXSeagate Technology Holdings plc	0.47%	Halal	Halal	Not halal	Not halal	Halal
49	TGTTarget Corporation	0.47%	Halal	Not halal	Halal	Halal	Halal
50	WECWEC Energy Group, Inc.	0.47%	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.

How Akinda screens funds and stocks