UMMA
Wahed Dow Jones Islamic World ETF
UMMA is an actively managed fund of global ex-US securities that are determined to be Shariah-compliant based on business activities and accounting criteria. Holdings are also screened to assess ESG risks.
International
EQUITY
Active
MANAGEMENT STYLE
$ 303.2 M
ASSETS UNDER MGMT
65 bp
EXPENSES
Fund Basics
| Inception date | Jan 07, 2022 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| SAMSUNG ELECTRONICS CO LTD | 8.1 % |
| SK HYNIX INC | 6.8 % |
| TAIWAN SEMICONDUCTOR-SP ADR | 5.6 % |
| ASML HOLDING NV | 4.5 % |
| CONSTELLATION SOFTWARE INC | 3.4 % |
| ROCHE HOLDING AG | 3.1 % |
| INFINEON TECHNOLOGIES AG | 3.0 % |
| ASTRAZENECA PLC | 2.6 % |
| MURATA MANUFACTURING CO LTD | 2.6 % |
| TOKYO ELECTRON LTD | 2.4 % |
Constituent Breakdown
| Number of holdings | 91 |
| Herfindahl-Hirschman Index | 276 |
| Wgt avg mkt cap (mns) | $383,476 |
| Large cap (>$10bn) | 92.4% |
| Mid cap ($2-10bn) | 0.8% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 69.8% |
| Emerging mkts. | 23.4% |
Sector Breakdown
Country Exposure
 |
JAPAN | 16.8 % |
 |
SOUTH KOREA | 16.0 % |
 |
CANADA | 12.0 % |
 |
SWITZERLAND | 8.7 % |
 |
GERMANY | 8.3 % |
 |
BRITAIN | 6.8 % |
 |
TAIWAN | 6.2 % |
 |
FRANCE | 5.8 % |
 |
NETHERLANDS | 5.4 % |
 |
AUSTRALIA | 4.0 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 24.3% | 33.6% | 20.1% | 22.3% | -- | -- | -- | 8.3% |
| Dividend Yield | 1.0% | 1.1% | 1.2% | 1.2% | -- | -- | -- | 1.3% |
| Total Returns | 25.3% | 34.7% | 21.2% | 23.5% | -- | -- | -- | 9.7% | Ann. Volatility | 27.4% | 25.0% | 22.2% | 20.6% | -- | -- | -- | 21.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.53 | 63% |
| MSCI EAFE | 1.35 | 73% |
| MSCI Emg Mkts | 0.93 | 89% |
Liquidity Measures
| Avg. volume (000) | 51 |
| ADV traded (mns) | $2 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.39% |
Technical Indicators
| 30d moving avg. (EMA) | $36.94 |
| Relative strength (RSI) | 54 |
| MACD/Signal | 0.15/-0.09 |
| Bollinger Bands (Upper/Lower) | $38.16/$34.86 |
| Short interest (% of AUM) | 0.2% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. UMMA |
Expenses vs. UMMA |
ALTAR Score™ vs. UMMA |
|---|---|---|---|---|
| PIEL | Pacer International Export Leaders ETF | 44.9% | -5 bp | +0.0% |
| EFG | iShares MSCI EAFE Growth ETF | 40.5% | -29 bp | -0.8% |
| PATN | Pacer Nasdaq International Patent Leaders ETF | 39.4% | 0 bp | +2.5% |
| STXI | Strive International Developed Markets ETF | 34.7% | -36 bp | +1.0% |
| IQSI | IQ Candriam International Equity ETF | 34.2% | -50 bp | +0.6% |
| IQLT | iShares MSCI Intl Quality Factor ETF | 34.0% | -35 bp | +0.6% |
| IMFL | Invesco International Developed Dynamic Multifactor ETF | 32.2% | -31 bp | +2.2% |
| JIRE | JPMorgan International Research Enhanced Equity ETF | 31.4% | -41 bp | +1.1% |
| IVSI | Applied Finance IVS International Large ETF | 29.7% | 0 bp | +1.5% |
| CGIE | Capital Group International Equity ETF | 29.4% | -11 bp | +0.5% |
Risk and Returns: UMMA vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 10/10/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
5.5%
ALTAR SCORE™
26th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 419 funds in the International Equity category with an average
ALTAR Score™ of 6.5% and a standard deviation
of 1.5%. UMMA's ALTAR Score™ is approximately -0.6 standard
deviations above the category average. This places UMMA in the 26th percentile
among funds in the category.
Sell-Side Consensus
$49.59
PRICE TARGET
+34.1%
UPSIDE