Xtrackers Net Zero Pathway Paris Aligned US Equity ETF

USNZ

Xtrackers

Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 98.36%. 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: 98.36%

Halal 70.78%
Doubtful 9.79%
Not halal 17.79%
Not rated 1.64%

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: Xtrackers
Venue (where it trades): United States
Domicile (where it is registered): United States
Reporting currency: USD
Expense ratio: 0.10%
AUM: 291.11M USD
Holdings: 297 (284 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	70.78%	17.79%
DJIM	Not halal	69.96%	20.00%
FTSE	Not halal	55.21%	35.48%
MSCI	Not halal	55.34%	35.35%
S&P	Not halal	70.32%	19.58%

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 297 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	NVDANVIDIA Corp	9.54%	Halal	Halal	Halal	Halal	Halal
2	AAPLApple Inc	9.33%	Halal	Halal	Halal	Halal	Halal
3	MSFTMicrosoft Corp	7.13%	Halal	Halal	Halal	Halal	Halal
4	AMZNAmazon.com Inc	3.85%	Halal	Halal	Halal	Halal	Halal
5	GOOGLAlphabet Class A	3.37%	Doubtful	Not rated	Not rated	Not rated	Not rated
6	AVGOBroadcom	2.85%	Halal	Halal	Not halal	Not halal	Halal
7	GOOGAlphabet Class C	2.85%	Doubtful	Not rated	Not rated	Not rated	Not rated
8	METAMeta Platform Inc Class A	2.21%	Halal	Halal	Halal	Halal	Halal
9	TSLATesla	1.99%	Halal	Halal	Halal	Halal	Halal
10	MUMicron Technology	1.79%	Halal	Halal	Halal	Halal	Halal
11	LLYLilly (Eli) & Co	1.77%	Halal	Halal	Not halal	Not halal	Halal
12	AMDAdvanced Micro Dev	1.54%	Halal	Halal	Halal	Halal	Halal
13	JPMJPMorgan Chase & Co	1.40%	Not halal	Not halal	Not halal	Not halal	Not halal
14	JNJJohnson & Johnson	1.10%	Halal	Halal	Halal	Halal	Halal
15	VVisa Inc-Class A Shares	1.04%	Halal	Not halal	Not halal	Not halal	Not halal
16	ABBVAbbVie Inc	0.88%	Halal	Halal	Not halal	Not halal	Halal
17	MAMastercard Inc-Class A	0.76%	Doubtful	Not halal	Not halal	Not halal	Not halal
18	CSCOCisco Systems Inc	0.75%	Halal	Halal	Halal	Halal	Halal
19	INTCIntel Corp	0.70%	Doubtful	Not rated	Not rated	Not rated	Not rated
20	MRKMerck & Co Inc	0.63%	Halal	Halal	Not halal	Not halal	Halal
21	PGProcter & Gamble Co	0.62%	Halal	Halal	Halal	Halal	Halal
22	UNHUnitedHealth Group Inc	0.58%	Not halal	Not halal	Not halal	Not halal	Not halal
23	AMATApplied Materials Inc	0.57%	Halal	Halal	Halal	Halal	Halal
24	LRCXLAM RESEARCH CORP	0.55%	Halal	Halal	Halal	Halal	Halal
25	HDHome Depot Inc	0.53%	Halal	Halal	Not halal	Not halal	Halal
26	TXNTexas Instruments Inc	0.52%	Halal	Halal	Not halal	Not halal	Halal
27	TMOThermo Fisher Scientific Inc	0.52%	Halal	Halal	Not halal	Not halal	Halal
28	PANWPalo Alto Networks	0.51%	Halal	Halal	Halal	Halal	Halal
29	BACBank of America Corp	0.50%	Not halal	Not halal	Not halal	Not halal	Not halal
30	AMGNAmgen Inc	0.48%	Not halal	Not halal	Not halal	Not halal	Not halal
31	CRWDCrowdstrike Holdings Inc	0.44%	Halal	Halal	Not halal	Not halal	Halal
32	GSGoldman Sachs Group Inc	0.43%	Not halal	Not halal	Not halal	Not halal	Not halal
33	ADIAnalog Devices Inc	0.42%	Halal	Halal	Halal	Halal	Halal
34	NFLXNetflix Inc	0.42%	Not halal	Not halal	Not halal	Not halal	Not halal
35	MRVLMarvell Technology Group Ltd	0.41%	Not halal	Not halal	Not halal	Not halal	Not halal
36	GILDGilead Sciences Inc	0.41%	Halal	Halal	Not halal	Not halal	Halal
37	ORCLOracle Corp	0.39%	Halal	Halal	Not halal	Not halal	Halal
38	AWKAmerican Water Works Co Inc	0.39%	Not halal	Not halal	Not halal	Not halal	Not halal
39	WFCWells Fargo & Co	0.39%	Not halal	Not halal	Not halal	Not halal	Not halal
40	ANETArista Networks Inc	0.39%	Halal	Halal	Not halal	Not halal	Halal
41	QCOMQUALCOMM Inc	0.38%	Halal	Halal	Halal	Halal	Halal
42	KLACKla-Tencor Corp	0.38%	Halal	Halal	Halal	Halal	Halal
43	PFEPfizer Inc	0.37%	Not halal	Not halal	Halal	Halal	Not halal
44	MSMorgan Stanley	0.37%	Not halal	Not halal	Not halal	Not halal	Not halal
45	ABTAbbott Laboratories	0.37%	Halal	Halal	Halal	Halal	Halal
46	PEPPepsico	0.35%	Halal	Halal	Not halal	Not halal	Halal
47	ISRGIntuitive Surgical Inc	0.34%	Halal	Halal	Halal	Halal	Halal
48	CCitigroup Inc	0.34%	Not halal	Not halal	Not halal	Not halal	Not halal
49	WELLWelltower Inc	0.34%	Halal	Halal	Halal	Halal	Halal
50	DHRDANAHER CORP	0.33%	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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