VictoryShares US Multi-Factor Minimum Volatility ETF

VSMV

Victory Capital

VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 99.78%. 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: 99.78%

Halal 60.90%
Doubtful 9.42%
Not halal 29.46%
Not rated 0.22%

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: 0.41%
AUM: 163.04M USD
Holdings: 61 (61 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	60.90%	29.46%
DJIM	Not halal	66.77%	28.13%
FTSE	Not halal	55.06%	39.84%
MSCI	Not halal	55.06%	39.84%
S&P	Not halal	66.77%	28.13%

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 61 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	XOMEXXONMOBIL HOLDINGS CORP	4.10%	Halal	Halal	Halal	Halal	Halal
2	JNJJOHNSON & JOHNSON	3.86%	Halal	Halal	Halal	Halal	Halal
3	LMTLOCKHEED MARTIN CORP	3.75%	Doubtful	Halal	Not halal	Not halal	Halal
4	INTUINTUIT INC	3.54%	Doubtful	Not rated	Not rated	Not rated	Not rated
5	CRMSALESFORCE INC	3.31%	Halal	Halal	Halal	Halal	Halal
6	TRVTRAVELERS COMPANIES INC	3.28%	Not halal	Not halal	Not halal	Not halal	Not halal
7	TJXTJX COS INC.	3.21%	Halal	Halal	Halal	Halal	Halal
8	ADBEADOBE INC	3.12%	Halal	Halal	Halal	Halal	Halal
9	TELTE CONNECTIVITY PLC	3.10%	Halal	Halal	Halal	Halal	Halal
10	MOALTRIA GROUP INC.	3.09%	Not halal	Not halal	Not halal	Not halal	Not halal
11	BMYBRISTOL-MYERS SQUIBB CO	2.96%	Not halal	Not halal	Not halal	Not halal	Not halal
12	QCOMQUALCOMM INC.	2.88%	Halal	Halal	Halal	Halal	Halal
13	COSTCOSTCO WHOLESALE CORP	2.82%	Halal	Halal	Halal	Halal	Halal
14	PGPROCTER & GAMBLE CO.	2.80%	Halal	Halal	Halal	Halal	Halal
15	LRCXLAM RESEARCH CORP	2.66%	Halal	Halal	Halal	Halal	Halal
16	KLACKLA CORP	2.63%	Halal	Halal	Halal	Halal	Halal
17	NTAPNETAPP INC	2.60%	Halal	Halal	Not halal	Not halal	Halal
18	UNPUNION PACIFIC CORP.	2.44%	Halal	Halal	Not halal	Not halal	Halal
19	VZVERIZON COMMUNICATIONS	2.39%	Not halal	Not halal	Not halal	Not halal	Not halal
20	RSGREPUBLIC SERVICES INC.	2.37%	Halal	Halal	Not halal	Not halal	Halal
21	HIGHARTFORD INSURANCE GROUP	2.27%	Not halal	Not halal	Not halal	Not halal	Not halal
22	CBOECBOE GLOBAL MARKETS INC	2.21%	Not halal	Not halal	Not halal	Not halal	Not halal
23	KRKROGER CO/THE	2.20%	Not halal	Not halal	Not halal	Not halal	Not halal
24	SNDKSANDISK CORP/DE	2.19%	Not halal	Halal	Halal	Halal	Halal
25	COPCONOCOPHILLIPS	2.03%	Halal	Halal	Halal	Halal	Halal
26	DGXQUEST DIAGNOSTICS INC.	1.79%	Not halal	Not halal	Not halal	Not halal	Not halal
27	TMUST-MOBILE US INC	1.47%	Not halal	Not halal	Not halal	Not halal	Not halal
28	CVXCHEVRON CORP	1.40%	Halal	Halal	Halal	Halal	Halal
29	CFCF INDUSTRIES HOLDINGS	1.11%	Halal	Halal	Halal	Halal	Halal
30	MEDPMEDPACE HOLDINGS INC	1.06%	Halal	Halal	Halal	Halal	Halal
31	AAPLAPPLE INC	10.08%	Halal	Halal	Halal	Halal	Halal
32	HCAHCA HEALTHCARE INC	0.95%	Not halal	Not halal	Not halal	Not halal	Not halal
33	GDDYGODADDY INC - CLASS A	0.88%	Halal	Halal	Not halal	Not halal	Halal
34	NYTNEW YORK TIMES CO/THE	0.69%	Doubtful	Not rated	Not rated	Not rated	Not rated
35	PHPARKER HANNIFIN CORP.	0.65%	Doubtful	Not rated	Not rated	Not rated	Not rated
36	FANGDIAMONDBACK ENERGY INC	0.56%	Not halal	Not halal	Halal	Halal	Not halal
37	CICIGNA GROUP/THE	0.49%	Not halal	Not halal	Not halal	Not halal	Not halal
38	CCKCROWN HOLDINGS INC.	0.47%	Not halal	Not halal	Not halal	Not halal	Not halal
39	EATBRINKER INTERNATIONAL	0.43%	Not halal	Not halal	Not halal	Not halal	Not halal
40	NDSNNORDSON CORP	0.37%	Halal	Halal	Not halal	Not halal	Halal
41	EXPDEXPEDITORS INT'L OF WASH	0.33%	Halal	Not halal	Not halal	Not halal	Not halal
42	PSXPHILLIPS 66	0.32%	Not halal	Not halal	Halal	Halal	Not halal
43	OVVOVINTIV INC	0.30%	Not halal	Not halal	Halal	Halal	Not halal
44	APAAPA CORP	0.30%	Not halal	Not halal	Halal	Halal	Not halal
45	HSTHOST HOTELS & RESORTS INC	0.27%	Not halal	Not halal	Not halal	Not halal	Not halal
46	TTEKTETRA TECH INC	0.27%	Halal	Halal	Halal	Halal	Halal
47	MPCMARATHON PETROLEUM CORP.	0.27%	Not halal	Not halal	Not halal	Not halal	Not halal
48	ADPAUTOMATIC DATA PROCESSING	0.27%	Not halal	Not halal	Not halal	Not halal	Not halal
49	MAMASTERCARD INC. - CL A	0.27%	Doubtful	Not halal	Not halal	Not halal	Not halal
50	LHXL3HARRIS TECHNOLOGIES INC	0.27%	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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