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Name

As of 06/03/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Wahed Dow Jones Islamic World ETF

UMMA | Active ETF

$39.07

$239 M

1.23%

$0.48

0.65%

Vitals

YTD Return

33.5%

1 yr return

54.8%

3 Yr Avg Return

23.0%

5 Yr Avg Return

N/A

Net Assets

$239 M

Holdings in Top 10

48.3%

52 WEEK LOW AND HIGH

$39.4
$25.55
$39.38

Expenses

OPERATING FEES

Expense Ratio 0.65%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 06/03/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Wahed Dow Jones Islamic World ETF

UMMA | Active ETF

$39.07

$239 M

1.23%

$0.48

0.65%

UMMA - Profile

Distributions

  • YTD Total Return 33.5%
  • 3 Yr Annualized Total Return 23.0%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 1.2%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Wahed Dow Jones Islamic World ETF
  • Fund Family Name
    N/A
  • Inception Date
    Jan 07, 2022
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Samim Abedi

Fund Description

The Fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing in equity securities, including common stock and American Depositary Receipts (“ADRs”), of global companies (excluding U.S. domiciled companies) the characteristics of which meet the requirements of Shariah and are consistent with Islamic principles as interpreted by subject-matter experts (each, a “Shariah Compliant Company”). Wahed Invest LLC (the “Adviser”), the Fund’s investment adviser, seeks to invest the Fund’s assets in securities similar to the components of, and to achieve returns similar to those of, the Dow Jones Islamic Market International Titans 100 Index (the “Index”). The Index, a data-driven index owned and maintained by S&P Dow Jones Indices, is designed to measure the stock performance of the largest ex-U.S. companies that have passed rules-based screens for adherence to Shariah investment guidelines.
While the Adviser expects to invest in securities included in the Index, it may determine to invest in different securities or in the same securities but at different times or in different weights than included in the Index when it believes doing so is more consistent with requirements of Shariah, or otherwise in the best interests of the Fund.
The Fund may invest without limit in issuers in both developed and emerging markets, including frontier markets. Frontier market and emerging market countries are those countries with low- and middle-income economies, respectively, as classified by the World Bank, or included in any of the Morgan Stanley Capital International (“MSCI”) frontier markets or emerging markets indices.
Because Islamic principles preclude the use of interest-paying instruments, the Fund’s cash reserves do not earn income.
Dow Jones Islamic Market International Titans 100 Index
The Index is constructed using an objective, rules-based methodology and is comprised of securities issued by companies domiciled in countries classified as developed (excluding U.S. domiciled companies), emerging market, or frontier market that are determined to be Shariah Compliant Companies based on their business activities and certain accounting-based screens, as described below. The Shariah Compliant Companies are then weighted in the Index according to their float-adjusted market capitalization.
A company that receives income in excess of 5% of its total revenue from Shariah-prohibited activities is removed from the list of companies eligible for inclusion in the Index (the “Index Universe”). Examples of such activities include:
•Conventional finance (non-Islamic banking, finance and insurance);
•Alcohol production or sale;
•Pork-related products;
•Entertainment (hotels, casinos/gambling, cinema, pornography, music);
•Tobacco manufacturing or sale; and
•Weapons, arms, and other defense manufacturing.
Only those companies in the Index Universe that pass the following accounting-based screens will be considered Shariah-compliant:
•Total debt divided by trailing 24-month average market capitalization is less than 33% of total assets;
•The sum of a company’s cash and interest-bearing securities divided by trailing 24-month average market capitalization is less than 33% of total assets; and
•Accounts receivables divided by trailing 24-month average market capitalization is less than 33% of total assets.
The top 100 Shariah Compliant Companies based on float-adjusted market capitalization are selected for inclusion in the Index. The weight of each company is capped at 10% of the Index.
Any changes to the composition of the Index will be implemented in connection with its reconstitution, which will occur annually in September. The Index will be rebalanced quarterly, in March, June, September and December. Constituents’ index weightings are calculated using closing prices on the Wednesday prior to the second Friday of the rebalancing month as the reference price. Index share amounts are calculated and assigned to each stock to arrive at the weights determined on the reference date. Changes are announced on the second Friday of the review month and are implemented at the opening of trading on the Monday following the third Friday of the review month. In addition, the S&P Dow Jones Indices LLC (the “Dow Jones Index Provider”), the index provider and calculation agent for the Index, engaged Shariah consultant, Ratings Intelligence Partners (“RIP”), to conduct ongoing monitoring of Index constituents. RIP may provide information to the Dow Jones Index Provider between quarterly rebalances. A company deemed compliant for the prior evaluation period that exceeds the maximum ratio for any accounting-based screen for the current evaluation period will continue to be considered compliant if the ratio is within two percentage points of the maximum allowed. However, if the maximum is breached for three consecutive evaluation periods, the company will be deemed non-compliant. If any of a company’s ratios are above the two-percentage point buffer limit, the company will immediately be deemed non-compliant and will be removed from the Index. A company deemed non-compliant for the prior evaluation period that passes all accounting-based screens for the current evaluation period will remain non-compliant if any ratio is within two percentage points of the maximum allowed. However, if the company satisfies all three ratios for three consecutive evaluation periods the company will be deemed compliant. If all three ratios are below the two percentage point buffer limit, the company will immediately be deemed compliant and will be eligible for inclusion in the Index.
The Index’s constituent securities also are reviewed on both an ongoing basis and annual basis by RIP to determine if any of the constituents should be considered for potential income remediation, or “Purification.” Purification is the process by which an investor donates certain income earned from his or her investment in the Fund because certain of the Fund’s investments unintentionally earned small amounts of income deemed to be prohibited by Shariah principles, such as interest income. As discussed under “Dividend Purification,” the Fund publishes on its website the per share amount to be purified on an annual basis.
As of August 30, 2025, the Index was composed of 103 constituents, representing investments in companies domiciled in 17 countries.
Read More

UMMA - Performance

Return Ranking - Trailing

Period UMMA Return Category Return Low Category Return High Rank in Category (%)
YTD 33.5% -28.5% 12.2% N/A
1 Yr 54.8% -31.2% 121.5% N/A
3 Yr 23.0%* -52.6% 123.6% N/A
5 Yr N/A* -11.3% 58.0% N/A
10 Yr N/A* -5.9% 10.0% N/A

* Annualized

Return Ranking - Calendar

Period UMMA Return Category Return Low Category Return High Rank in Category (%)
2025 25.2% -45.5% 71.3% N/A
2024 3.8% -15.4% 11.9% N/A
2023 17.5% -10.4% 121.9% N/A
2022 N/A -33.7% 8.5% N/A
2021 N/A -13.0% 27.5% N/A

Total Return Ranking - Trailing

Period UMMA Return Category Return Low Category Return High Rank in Category (%)
YTD 33.5% -28.5% 12.2% N/A
1 Yr 54.8% -31.2% 121.5% N/A
3 Yr 23.0%* -52.6% 123.6% N/A
5 Yr N/A* -11.3% 58.0% N/A
10 Yr N/A* -3.1% 10.0% N/A

* Annualized

Total Return Ranking - Calendar

Period UMMA Return Category Return Low Category Return High Rank in Category (%)
2025 26.7% -45.5% 71.3% N/A
2024 4.7% -15.4% 11.9% N/A
2023 18.8% -10.4% 121.9% N/A
2022 N/A -18.0% 8.5% N/A
2021 N/A -13.0% 29.4% N/A

UMMA - Holdings

Concentration Analysis

UMMA Category Low Category High UMMA % Rank
Net Assets 239 M 1.02 M 369 B 90.30%
Number of Holdings 95 1 10801 59.45%
Net Assets in Top 10 111 M 0 34.5 B 89.17%
Weighting of Top 10 48.32% 1.6% 100.0% 14.48%

Top 10 Holdings

  1. Taiwan Semiconductor Manufacturing Co Ltd 16.23%
  2. Samsung Electronics Co Ltd 5.88%
  3. ASML Holding NV 5.26%
  4. Infineon Technologies AG 4.22%
  5. SK hynix Inc 3.12%
  6. Roche Holding AG 3.05%
  7. AstraZeneca PLC 3.02%
  8. Novartis AG 2.98%
  9. Nestle SA 2.58%
  10. BHP Group Ltd 1.98%

Asset Allocation

Weighting Return Low Return High UMMA % Rank
Stocks 		98.82% 0.00% 122.60% 8.44%
Cash 		1.18% -65.15% 100.00% 87.05%
Other 		0.00% -16.47% 17.36% 39.89%
Preferred Stocks 		0.00% 0.00% 1.87% 11.36%
Convertible Bonds 		0.00% 0.00% 4.18% 3.57%
Bonds 		0.00% -10.79% 71.30% 13.19%

Stock Sector Breakdown

Weighting Return Low Return High UMMA % Rank
Utilities 		0.00% 0.00% 13.68% 81.43%
Technology 		0.00% 0.00% 36.32% 0.40%
Real Estate 		0.00% 0.00% 14.59% 75.24%
Industrials 		0.00% 5.17% 99.49% 80.35%
Healthcare 		0.00% 0.00% 21.35% 0.13%
Financial Services 		0.00% 0.00% 47.75% 99.73%
Energy 		0.00% 0.00% 16.89% 93.54%
Communication Services 		0.00% 0.00% 21.69% 35.67%
Consumer Defense 		0.00% 0.00% 32.29% 48.86%
Consumer Cyclical 		0.00% 0.00% 36.36% 21.27%
Basic Materials 		0.00% 0.00% 23.86% 13.59%

Stock Geographic Breakdown

Weighting Return Low Return High UMMA % Rank
Non US 		80.81% 0.00% 125.24% 15.19%
US 		18.01% -7.78% 68.98% 59.31%

UMMA - Expenses

Operational Fees

UMMA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.65% 0.01% 3.96% 72.55%
Management Fee 0.65% 0.00% 1.60% 43.55%
12b-1 Fee N/A 0.00% 1.00% 0.30%
Administrative Fee N/A 0.01% 1.00% N/A

Sales Fees

UMMA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

UMMA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

UMMA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 247.00% N/A

UMMA - Distributions

Dividend Yield Analysis

UMMA Category Low Category High UMMA % Rank
Dividend Yield 1.23% 0.00% 13.65% 52.03%

Dividend Distribution Analysis

UMMA Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Annually

Net Income Ratio Analysis

UMMA Category Low Category High UMMA % Rank
Net Income Ratio N/A -0.93% 6.38% N/A

Capital Gain Distribution Analysis

UMMA Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

UMMA - Fund Manager Analysis

Managers

Samim Abedi

Start Date

Tenure

Tenure Rank

Jan 06, 2022

0.4

0.4%

Mr. Abedi has a decade of industry experience across institutional and retail asset management. Mr. Abedi began his career at J.P. Morgan in New York, New York across asset management and investment banking businesses. His roles and responsibilities included investment strategy and research, portfolio construction and manager due diligence, as well as portfolio management for non-profits (endowments and foundations), and sales and trading. Prior to joining Wahed Invest, Mr. Abedi was part of the Trading & Investment team at Google LLC, where he helped manage the company’s public investment portfolio. He earned a Bachelors (B.A.) with honors from Williams College, majoring in Economics and Anthropology, with a concentration in Middle Eastern Studies.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.35 6.13 2.92

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