CoreValues America First Technology ETF

USMD

CoreValues Alpha

CoreValues America First Technology ETF (USMD) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 99.75%. 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: 99.75%

Halal 65.83%
Doubtful 24.90%
Not halal 9.01%
Not rated 0.25%

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: CoreValues Alpha
Venue (where it trades): United States
Domicile (where it is registered): United States
Reporting currency: USD
Expense ratio: 0.87%
AUM: 290.00K USD
Holdings: 119 (119 screened)
Basket as of (provider): 29 Oct 2026
Basket fetched by Akinda: 29 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	65.83%	9.01%
DJIM	Not halal	73.11%	8.73%
FTSE	Not halal	44.08%	46.57%
MSCI	Not halal	44.08%	46.58%
S&P	Not halal	73.11%	8.65%

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 119 holdings, largest first · basket as of 29 Oct 2026

No.	Holding	Weight	Akinda (AAOIFI)	DJIM	FTSE	MSCI	S&P
No.	Holding	Weight	Akinda (AAOIFI)	DJIM	FTSE	MSCI	S&P
1	TSLATesla Inc	6.15%	Halal	Halal	Halal	Halal	Halal
2	PLTRPalantir Technologies Inc	6.05%	Doubtful	Not rated	Not halal	Not halal	Not rated
3	MSFTMicrosoft Corp	5.28%	Halal	Halal	Halal	Halal	Halal
4	AMDAdvanced Micro Devices Inc	5.21%	Halal	Halal	Halal	Halal	Halal
5	AMZNAmazon.com Inc	4.59%	Halal	Halal	Halal	Halal	Halal
6	GOOGLAlphabet Inc	4.44%	Doubtful	Not rated	Not rated	Not rated	Not rated
7	NVDANVIDIA Corp	4.28%	Halal	Halal	Halal	Halal	Halal
8	AVGOBroadcom Inc	3.72%	Halal	Halal	Not halal	Not halal	Halal
9	INTCIntel Corp	3.68%	Doubtful	Not rated	Not rated	Not rated	Not rated
10	TXNTexas Instruments Inc	3.18%	Halal	Halal	Not halal	Not halal	Halal
11	IBMInternational Business Machines Corp	3.15%	Doubtful	Not rated	Not halal	Not halal	Not rated
12	PANWPalo Alto Networks Inc	2.94%	Halal	Halal	Halal	Halal	Halal
13	MUMicron Technology Inc	2.75%	Halal	Halal	Halal	Halal	Halal
14	MRVLMARVELL TECHNOLOGY INC	2.50%	Not halal	Not halal	Not halal	Not halal	Not halal
15	CRWDCrowdstrike Holdings Inc	2.48%	Halal	Halal	Not halal	Not halal	Halal
16	ORCLOracle Corp	2.47%	Halal	Halal	Not halal	Not halal	Halal
17	GEVGE Vernova Inc	2.45%	Halal	Halal	Halal	Halal	Halal
18	QCOMQUALCOMM Inc	2.39%	Halal	Halal	Halal	Halal	Halal
19	RTXRTX Corp	2.37%	Doubtful	Halal	Not halal	Not halal	Halal
20	ADIAnalog Devices Inc	2.26%	Halal	Halal	Halal	Halal	Halal
21	BEBloom Energy Corp	1.91%	Halal	Halal	Not halal	Not halal	Halal
22	TEMTempus AI Inc	1.71%	Halal	Halal	Not halal	Not halal	Halal
23	STXSeagate Technology Holdings PLC	1.52%	Halal	Halal	Not halal	Not halal	Halal
24	LMTLockheed Martin Corp	1.37%	Doubtful	Halal	Not halal	Not halal	Halal
25	SPCXSpace Exploration Technologies Corp	1.31%	Not halal	Not halal	Not halal	Not halal	Not halal
26	BABoeing Co/The	1.25%	Not halal	Not halal	Not halal	Not halal	Not halal
27	NETCloudflare Inc	1.09%	Not halal	Not halal	Not halal	Not halal	Not halal
28	FTNTFortinet Inc	1.03%	Halal	Halal	Not halal	Not halal	Halal
29	VRTVertiv Holdings Co	0.98%	Halal	Halal	Halal	Halal	Halal
30	SNOWSnowflake Inc	0.95%	Halal	Halal	Not halal	Not halal	Halal
31	DDOGDatadog Inc	0.86%	Not halal	Not halal	Not halal	Not halal	Not halal
32	NOCNorthrop Grumman Corp	0.86%	Doubtful	Halal	Not halal	Not halal	Halal
33	CEGConstellation Energy Corp	0.80%	Halal	Halal	Halal	Halal	Halal
34	NXPINXP Semiconductors NV	0.78%	Halal	Halal	Not halal	Not halal	Halal
35	GDGeneral Dynamics Corp	0.77%	Doubtful	Halal	Not halal	Not halal	Halal
36	MPWRMonolithic Power Systems Inc	0.75%	Halal	Halal	Halal	Halal	Halal
37	HPEHewlett Packard Enterprise Co	0.67%	Not halal	Not halal	Not rated	Not rated	Not halal
38	ROKRockwell Automation Inc	0.55%	Halal	Halal	Halal	Halal	Halal
39	TERTeradyne Inc	0.49%	Halal	Halal	Halal	Halal	Halal
40	MCHPMicrochip Technology Inc	0.47%	Halal	Halal	Not halal	Not halal	Halal
41	COHRCoherent Corp	0.45%	Halal	Halal	Halal	Halal	Halal
42	NTAPNetApp Inc	0.42%	Halal	Halal	Not halal	Not halal	Halal
43	RKLBRocket Lab Corp	0.40%	Doubtful	Halal	Not halal	Not halal	Halal
44	AXONAxon Enterprise Inc	0.39%	Doubtful	Halal	Not halal	Not halal	Halal
45	ONON Semiconductor Corp	0.38%	Halal	Halal	Halal	Halal	Halal
46	OKTAOkta Inc	0.35%	Halal	Halal	Halal	Halal	Halal
47	ARMARM Holdings PLC	0.29%	Halal	Halal	Not halal	Not halal	Halal
48	ZSZscaler Inc	0.24%	Halal	Halal	Not halal	Not halal	Halal
49	RBRKRubrik Inc	0.21%	Halal	Halal	Not halal	Not halal	Halal
50	TDYTeledyne Technologies Inc	0.21%	Doubtful	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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