ATLASWahed Dow Jones Islamic World ETF (UMMA): outlook, holdings and fees
Wahed Dow Jones Islamic World ETF (UMMA) is an exchange-traded fund and is managed by Wahed Invest. The expense ratio is 0.68% and the yield is 0.78%. The ten largest holdings are 41% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on UMMA
| Last price | $35.73 (+0.8%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 53% |
| Likely 1-month range (50%) | $34.61 – $37.19 |
| Normal 1-day range (±1σ) | ±1.2% |
| Distribution yield | 0.78% |
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.
UMMA fund facts
| Issuer | Wahed Invest |
|---|---|
| Theme | Global equities |
| Assets under management | $299M |
| Expense ratio | 0.68% |
| Number of holdings | 48 |
| Portfolio turnover | 11% |
| Inception | Jan 6, 2022 |
| Exchange | NASDAQ |
The fund is an actively-managed exchange-traded fund ("ETF") that seeks to invests in equity securities 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"). The 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 fund is non-diversified.
UMMA top holdings
| Holding | Sector | Weight |
|---|---|---|
| Samsung Electronics Co Ltd SSNLF | Technology | 7.13% |
| SK Hynix Inc 000660 | Technology | 6.02% |
| Taiwan Semiconductor Manufacturing TSM | Technology | 5.63% |
| ASML Holding N.V. ASML | Technology | 4.27% |
| Constellation Software Inc. CSU | Technology | 3.57% |
| Roche Holding AG ROP | Healthcare | 3.13% |
| Infineon Technologies AG IFX | Technology | 3.10% |
| Tokyo Electron Limited 8035 | Technology | 2.71% |
| Murata Mfg Co 6981 | Technology | 2.68% |
| AstraZeneca PLC AZN | Healthcare | 2.55% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
UMMA sector breakdown
| Sector | Weight |
|---|---|
| Technology | 48.2% |
| Healthcare | 14.1% |
| Industrials | 12.9% |
| Basic Materials | 9.2% |
| Consumer Cyclicals | 6.3% |
| Consumer Defensive | 4.6% |
| Energy | 2.7% |
| Communication Services | 1.7% |
| Real Estate | 0.4% |
By region: Europe Developed 35.2%, Asia Developed 20.6%, Japan 17.7%, North America 13.2%, United Kingdom 7.6%.
UMMA returns and risk
| Year to date | +23.2% |
|---|---|
| 1 year | +29.0% |
| 3 years (annualised) | +22.1% |
| 5 years (annualised) | 0.0% |
| 10 years (annualised) | 0.0% |
| Volatility (3 years) | 19.7% |
| Sharpe ratio (3 years) | 0.95 |
Past returns do not guarantee future results.
UMMA: frequently asked questions
What does UMMA invest in?
Wahed Dow Jones Islamic World ETF invests in a portfolio of securities. Its largest holdings are Samsung Electronics Co Ltd (7.1%), SK Hynix Inc (6.0%), Taiwan Semiconductor Manufacturing (5.6%), ASML Holding N.V. (4.3%), Constellation Software Inc. (3.6%).
What is the UMMA expense ratio?
0.68% a year: about $68.00 for every $10,000 invested.
What is the UMMA dividend yield?
0.78%. ATLAS does not hold the exact distribution dates for ETFs.
Will UMMA go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 53%, with a likely range (50%) of $34.61 to $37.19 from $35.73 today. It is a probability, not a prediction.
How has UMMA performed?
Year to date +23.2%, one year +29.0%, three years +22.1% a year, five years 0.0% a year. Past returns do not guarantee future results.
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Educational information, not investment advice. Disclaimer