ATLASWahed FTSE USA Shariah ETF (HLAL): outlook, holdings and fees
Wahed FTSE USA Shariah ETF (HLAL) is an exchange-traded fund and is managed by Wahed Invest. The expense ratio is 0.51% and the yield is 0.37%. The ten largest holdings are 60% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on HLAL
| Last price | $71.00 (-0.7%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 54% |
| Likely 1-month range (50%) | $69.22 – $73.50 |
| Normal 1-day range (±1σ) | ±1.0% |
| Distribution yield | 0.37% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
HLAL fund facts
| Issuer | Wahed Invest |
|---|---|
| Theme | US large caps |
| Assets under management | $995M |
| Expense ratio | 0.51% |
| Number of holdings | 50 |
| Portfolio turnover | 28% |
| Inception | Jul 15, 2019 |
| Exchange | NASDAQ |
The index is composed of common stocks of large- and mid-capitalization U.S. companies the characteristics of which meet the requirements of Shariah and are consistent with Islamic principles as interpreted by subject-matter experts. Under normal circumstances, at least 80% of its total assets will be invested in the component securities of the index. The fund is non-diversified.
HLAL top holdings
| Holding | Sector | Weight |
|---|---|---|
| NVIDIA Corporation NVDA | Technology | 12.82% |
| Apple Inc. AAPL | Technology | 12.35% |
| Microsoft Corporation MSFT | Technology | 9.31% |
| Alphabet Inc Class A GOOGL | Communication Services | 4.77% |
| Broadcom Inc AVGO | Technology | 4.31% |
| Alphabet Inc Class C GOOG | Communication Services | 4.08% |
| Meta Platforms Inc. META | Communication Services | 3.74% |
| Micron Technology Inc MU | Technology | 2.97% |
| Tesla Inc TSLA | Consumer Cyclical | 2.75% |
| Advanced Micro Devices Inc AMD | Technology | 2.57% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
HLAL sector breakdown
| Sector | Weight |
|---|---|
| Technology | 58.8% |
| Communication Services | 13.9% |
| Healthcare | 8.3% |
| Energy | 4.8% |
| Industrials | 4.5% |
| Consumer Cyclicals | 4.5% |
| Consumer Defensive | 2.5% |
| Basic Materials | 1.8% |
| Real Estate | 0.7% |
| Utilities | 0.2% |
| Financial Services | 0.1% |
By region: North America 99.6%, Europe Developed 0.2%, Asia Emerging 0.2%, Latin America 0.1%.
HLAL returns and risk
| Year to date | +22.0% |
|---|---|
| 1 year | +32.5% |
| 3 years (annualised) | +21.1% |
| 5 years (annualised) | +15.9% |
| 10 years (annualised) | 0.0% |
| Volatility (3 years) | 14.7% |
| Sharpe ratio (3 years) | 1.21 |
Past returns do not guarantee future results.
HLAL: frequently asked questions
What does HLAL invest in?
Wahed FTSE USA Shariah ETF invests in a portfolio of securities. Its largest holdings are NVIDIA Corporation (12.8%), Apple Inc. (12.3%), Microsoft Corporation (9.3%), Alphabet Inc Class A (4.8%), Broadcom Inc (4.3%).
What is the HLAL expense ratio?
0.51% a year: about $51.00 for every $10,000 invested.
What is the HLAL dividend yield?
0.37%. ATLAS does not hold the exact distribution dates for ETFs.
Will HLAL go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 54%, with a likely range (50%) of $69.22 to $73.50 from $71.00 today. It is a probability, not a prediction.
How has HLAL performed?
Year to date +22.0%, one year +32.5%, three years +21.1% a year, five years +15.9% a year. Past returns do not guarantee future results.
Similar ETFs: US large caps
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- Schwab U.S. Large-Cap ETF (SCHX)
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Educational information, not investment advice. Disclaimer