Variant Perception Cycle Aware US Equity ETF

VPX

Variant Perception

Variant Perception Cycle Aware US Equity ETF (VPX) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 99.63%. 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: 99.63%

Halal 64.49%
Doubtful 9.71%
Not halal 25.43%
Not rated 0.37%

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: Variant Perception
Venue (where it trades): United States
Domicile (where it is registered): United States
Reporting currency: USD
Expense ratio: 0.75%
AUM: 64.23M USD
Holdings: 128 (128 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	64.49%	25.43%
DJIM	Not halal	65.12%	29.36%
FTSE	Not halal	53.47%	41.44%
MSCI	Not halal	53.47%	41.22%
S&P	Not halal	65.47%	29.02%

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 128 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	AVGOBroadcom Inc	5.04%	Halal	Halal	Not halal	Not halal	Halal
2	NVDANVIDIA Corp	4.98%	Halal	Halal	Halal	Halal	Halal
3	AAPLApple Inc	4.92%	Halal	Halal	Halal	Halal	Halal
4	XOMExxonMobil Holdings Corp	3.88%	Halal	Halal	Halal	Halal	Halal
5	CVXChevron Corp	3.65%	Halal	Halal	Halal	Halal	Halal
6	AMZNAmazon.com Inc	3.56%	Halal	Halal	Halal	Halal	Halal
7	MSFTMicrosoft Corp	3.43%	Halal	Halal	Halal	Halal	Halal
8	GOOGLAlphabet Inc	2.94%	Doubtful	Not rated	Not rated	Not rated	Not rated
9	VVisa Inc	2.92%	Halal	Not halal	Not halal	Not halal	Not halal
10	JPMJPMORGAN CHASE & CO.	2.73%	Not halal	Not halal	Not halal	Not halal	Not halal
11	MUMicron Technology Inc	2.70%	Halal	Halal	Halal	Halal	Halal
12	AMDAdvanced Micro Devices Inc	2.43%	Halal	Halal	Halal	Halal	Halal
13	MAMastercard Inc	2.24%	Doubtful	Not halal	Not halal	Not halal	Not halal
14	METAMeta Platforms Inc	2.19%	Halal	Halal	Halal	Halal	Halal
15	CATCaterpillar Inc	1.62%	Halal	Halal	Not halal	Not halal	Halal
16	COPConocoPhillips	1.59%	Halal	Halal	Halal	Halal	Halal
17	DELLDell Technologies Inc	1.48%	Not halal	Halal	Halal	Halal	Halal
18	CSCOCisco Systems Inc	1.30%	Halal	Halal	Halal	Halal	Halal
19	GEVGE Vernova Inc	1.25%	Halal	Halal	Halal	Halal	Halal
20	BACBank of America Corp	1.22%	Not halal	Not halal	Not halal	Not halal	Not halal
21	MPCMarathon Petroleum Corp	1.11%	Not halal	Not halal	Not halal	Not halal	Not halal
22	AMATApplied Materials Inc	1.10%	Halal	Halal	Halal	Halal	Halal
23	LRCXLam Research Corp	1.05%	Halal	Halal	Halal	Halal	Halal
24	TSMTaiwan Semiconductor Manufacturing Co Ltd	1.04%	Halal	Halal	Not halal	Not halal	Halal
25	PSXPhillips 66	0.98%	Not halal	Not halal	Halal	Halal	Not halal
26	SNDKSandisk Corp	0.98%	Not halal	Halal	Halal	Halal	Halal
27	MSMorgan Stanley	0.96%	Not halal	Not halal	Not halal	Not halal	Not halal
28	VLOValero Energy Corp	0.95%	Halal	Halal	Halal	Halal	Halal
29	ANETArista Networks Inc	0.90%	Halal	Halal	Not halal	Not halal	Halal
30	TXNTexas Instruments Inc	0.87%	Halal	Halal	Not halal	Not halal	Halal
31	AXPAmerican Express Co	0.80%	Not halal	Not halal	Not halal	Not halal	Not halal
32	MRVLMARVELL TECHNOLOGY INC	0.80%	Not halal	Not halal	Not halal	Not halal	Not halal
33	SCHWCharles Schwab Corp/The	0.79%	Not halal	Not halal	Not halal	Not halal	Not halal
34	GSGoldman Sachs Group Inc/The	0.76%	Not halal	Not halal	Not halal	Not halal	Not halal
35	EOGEOG Resources Inc	0.74%	Halal	Halal	Halal	Halal	Halal
36	WDCWestern Digital Corp	0.74%	Halal	Halal	Halal	Halal	Halal
37	APHAmphenol Corp	0.71%	Halal	Halal	Not halal	Not halal	Halal
38	BLKBlackrock Inc	0.71%	Not halal	Not halal	Not halal	Not halal	Not halal
39	INTCIntel Corp	0.70%	Doubtful	Not rated	Not rated	Not rated	Not rated
40	STXSeagate Technology Holdings PLC	0.68%	Halal	Halal	Not halal	Not halal	Halal
41	UBERUber Technologies Inc	0.67%	Halal	Halal	Halal	Halal	Halal
42	KLACKLA CORP	0.65%	Halal	Halal	Halal	Halal	Halal
43	ADIAnalog Devices Inc	0.64%	Halal	Halal	Halal	Halal	Halal
44	BRK-BBerkshire Hathaway Inc	0.61%	Not halal	Not halal	Not halal	Not halal	Not halal
45	QCOMQUALCOMM Inc	0.61%	Halal	Halal	Halal	Halal	Halal
46	WMBWilliams Cos Inc/The	0.56%	Not halal	Not halal	Not halal	Not halal	Not halal
47	NFLXNetflix Inc	0.55%	Not halal	Not halal	Not halal	Not halal	Not halal
48	ETNEaton Corp PLC	0.53%	Doubtful	Not rated	Not rated	Not rated	Not rated
49	DEDeere & Co	0.46%	Not halal	Not halal	Not halal	Not halal	Not halal
50	SPGIS&P Global Inc	0.46%	Doubtful	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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