VictoryShares US Small Mid Cap Value Momentum ETF

USVM

Victory Capital

VictoryShares US Small Mid Cap Value Momentum ETF (USVM) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 98.57%. 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: 98.57%

Halal 16.76%
Doubtful 3.75%
Not halal 78.06%
Not rated 1.43%

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: Victory Capital
Venue (where it trades): United States
Domicile (where it is registered): United States
Reporting currency: USD
Expense ratio: 0.22%
AUM: 1.85B USD
Holdings: 292 (288 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	16.76%	78.06%
DJIM	Not halal	17.35%	78.39%
FTSE	Not halal	28.36%	65.35%
MSCI	Not halal	29.57%	63.11%
S&P	Not halal	21.08%	73.51%

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 292 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	PNWPINNACLE WEST CAPITAL	0.77%	Not halal	Not halal	Not halal	Not halal	Not halal
2	SWXSOUTHWEST GAS HOLDINGS IN	0.73%	Not halal	Not halal	Not halal	Not halal	Not halal
3	WTMWHITE MOUNTAINS INSURANCE	0.67%	Not halal	Not halal	Not halal	Not halal	Not halal
4	SRSPIRE INC	0.67%	Not halal	Not halal	Not halal	Not halal	Not halal
5	NJRNEW JERSEY RESOURCES CORP	0.67%	Not halal	Not halal	Not halal	Not halal	Not halal
6	OGSONE GAS INC	0.66%	Not halal	Not halal	Not halal	Not halal	Not halal
7	KRGKITE REALTY GROUP TRUST	0.66%	Not halal	Not halal	Not halal	Not halal	Not halal
8	APLEAPPLE HOSPITALITY REIT IN	0.64%	Not halal	Not halal	Halal	Halal	Not halal
9	AVAAVISTA CORP	0.64%	Not halal	Not halal	Not halal	Not halal	Not halal
10	SHOSUNSTONE HOTEL INVESTORS	0.63%	Not halal	Not halal	Halal	Halal	Not halal
11	EFCELLINGTON FINANCIAL INC	0.63%	Not halal	Not halal	Not halal	Not halal	Not halal
12	MDUMDU RESOURCES GROUP INC.	0.63%	Not halal	Not halal	Not halal	Not halal	Not halal
13	BOKFBOK FINANCIAL CORP	0.62%	Not halal	Not halal	Not halal	Not halal	Not halal
14	UBSIUNITED BANKSHARES INC	0.62%	Not halal	Not halal	Not halal	Not halal	Not halal
15	CATYCATHAY GENERAL BANCORP	0.62%	Not halal	Not halal	Not halal	Not halal	Not halal
16	THGHANOVER INSURANCE GROUP	0.61%	Not halal	Not halal	Not halal	Not halal	Not halal
17	0U96.LEVEREST GROUP LTD	0.60%	Not halal	Not halal	Not halal	Not halal	Not halal
18	INDBINDEPENDENT BANK CORP.	0.60%	Not halal	Not halal	Not halal	Not halal	Not halal
19	BKHBLACK HILLS CORP	0.59%	Not halal	Not halal	Not halal	Not halal	Not halal
20	CNOCNO FINANCIAL GROUP INC	0.59%	Not halal	Not halal	Not halal	Not halal	Not halal
21	PORPORTLAND GENERAL ELECTRIC	0.59%	Not halal	Not halal	Not halal	Not halal	Not halal
22	DRHDIAMONDROCK HOSPITALITY C	0.58%	Not halal	Not halal	Not halal	Not halal	Not halal
23	HSTHOST HOTELS & RESORTS INC	0.57%	Not halal	Not halal	Not halal	Not halal	Not halal
24	WSFSWSFS FINANCIAL CORP	0.57%	Not halal	Not halal	Not halal	Not halal	Not halal
25	OTTROTTER TAIL CORP.	0.57%	Not halal	Not halal	Halal	Halal	Halal
26	BUSEFIRST BUSEY CORP	0.57%	Not halal	Not halal	Not halal	Not halal	Not halal
27	OZKBANK OZK	0.57%	Not halal	Not halal	Not halal	Not halal	Not halal
28	GHCGRAHAM HOLDINGS CO	0.57%	Not halal	Not halal	Not rated	Not rated	Not rated
29	ABCBAMERIS BANCORP	0.55%	Not halal	Not halal	Not halal	Not halal	Not halal
30	GLGLOBE LIFE INC	0.55%	Not halal	Not halal	Not halal	Not halal	Not halal
31	HTOH20 AMERICA	0.55%	Not halal	Not halal	Not halal	Not halal	Not halal
32	HWCHANCOCK WHITNEY CORP	0.54%	Not halal	Not halal	Not halal	Not halal	Not halal
33	FNBFNB CORP	0.54%	Not halal	Not halal	Not halal	Not halal	Not halal
34	RNRRENAISSANCERE HOLDINGS LT	0.53%	Not halal	Not halal	Not halal	Not halal	Not halal
35	FFBCFIRST FINANCIAL BANCORP	0.53%	Not halal	Not halal	Not halal	Not halal	Not halal
36	FHNFIRST HORIZON CORP	0.53%	Not halal	Not halal	Not halal	Not halal	Not halal
37	BNLBROADSTONE NET LEASE INC	0.53%	Not halal	Not halal	Not halal	Not halal	Not halal
38	UNMUNUM GROUP	0.53%	Not halal	Not halal	Not halal	Not halal	Not halal
39	INVAINNOVIVA INC	0.53%	Not halal	Not halal	Not halal	Not halal	Halal
40	CONCONCENTRA GROUP HOLDINGS	0.53%	Not halal	Not halal	Not halal	Not halal	Not halal
41	FULTFULTON FINANCIAL CORP	0.53%	Not halal	Not halal	Not halal	Not halal	Not halal
42	VLYVALLEY NATIONAL BANCORP	0.52%	Not halal	Not halal	Not halal	Not halal	Not halal
43	ASBASSOCIATED BANC-CORP	0.52%	Not halal	Not halal	Not halal	Not halal	Not halal
44	FIBKFIRST INTERSTATE BANCSYS-	0.52%	Not halal	Not halal	Not halal	Not halal	Not halal
45	BPOPPOPULAR INC	0.52%	Not halal	Not halal	Not halal	Not halal	Not halal
46	PFSPROVIDENT FINANCIAL SVCS	0.51%	Not halal	Not halal	Not halal	Not halal	Not halal
47	FBPFIRST BANCORP/PUERTO RICO	0.51%	Not halal	Not halal	Not halal	Not halal	Not halal
48	GNWGENWORTH FINANCIAL INC	0.50%	Not halal	Not halal	Not halal	Not halal	Not halal
49	HSICHENRY SCHEIN INC.	0.50%	Not halal	Not halal	Halal	Halal	Not halal
50	ESNTESSENT GROUP LTD	0.50%	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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