Manzil Russell Halal USA Broad Market ETF (MNZL) Holdings

For informational purposes only. Not financial advice.

Quick Answer

Manzil Russell Halal USA Broad Market ETF (MNZL) has a last stored price of $61.53, as of the Oct 2, 2026 trading session. It has a 0.40% expense ratio and $520,000 in assets under management.

Holdings and weights below are as of Mar 15, 2026. In the stored portfolio snapshot, the largest listed holding is Apple Inc (AAPL) at 14.67%.

Manzil Russell Halal USA Broad Market ETF (MNZL) ETF — Price, Holdings & Analysis

ETF Overview

MNZL seeks to replicate the performance of a Sharia-compliant index of U.S. equities, providing investors with exposure to the broad U.S. market while adhering to Islamic finance principles. The fund screens companies based on religious guidelines, excluding those involved in activities such as alcohol, tobacco, gambling, and interest-based finance. MNZL's top holdings reflect a focus on large-cap technology and healthcare companies, with significant allocations to Apple Inc (14.67%), Broadcom Inc (5.63%), and Tesla Inc (4.34%). The fund also includes notable positions in Eli Lilly and Co (3.23%) and Johnson & Johnson (2.27%). This ETF is designed for investors seeking to align their investments with their religious beliefs without sacrificing broad market exposure. By focusing on Sharia-compliant companies, MNZL offers a unique investment proposition within the equity ETF landscape.

Risk Metrics

MNZL's risk profile is influenced by its concentration in top holdings and sector allocations. The fund's top holding, Apple Inc, constitutes a significant 14.67% of the portfolio, indicating a concentration risk. While the fund aims for broad market exposure, its adherence to Sharia-compliant principles may limit diversification, potentially increasing sector-specific risks. As of March 15, 2026, MNZL has a three-year beta of 0.00, suggesting it has not been trading long enough to establish a meaningful beta. The expense ratio of 0.40% will create a drag on performance over time, reducing net returns to investors. Investors should carefully consider these factors and their own risk tolerance before investing in MNZL. Past performance does not guarantee future results.

Beta: 0.00

Expense Ratio

0.40%

What does MNZL hold?

Holding	Weight
Apple Inc (AAPL)	14.67%
Broadcom Inc (AVGO)	5.63%
Tesla Inc (TSLA)	4.34%
Eli Lilly and Co (LLY)	3.23%
Johnson & Johnson (JNJ)	2.27%
Micron Technology Inc (MU)	1.77%
AbbVie Inc (ABBV)	1.56%
Procter & Gamble Co (PG)	1.49%
The Home Depot Inc (HD)	1.43%
Advanced Micro Devices Inc (AMD)	1.23%

Holdings and weights as of Mar 15, 2026. This fund data is more than 45 days old; verify current holdings with the issuer.

Dividend Yield

0.00%

ARK Innovation ETF (ARKK) — 0.75% expense ratio
Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
WisdomTree Emerging Markets ESG Fund (DVEM) — 0.32% expense ratio
Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) — 0.59% expense ratio
iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio

Questions & Answers

What is MNZL and what does it track?

The Manzil Russell Halal USA Broad Market ETF (MNZL) is an exchange-traded fund that provides access to the U.S. equity market while adhering to Sharia-compliant principles.

Launched in November 2025, MNZL aims to track the performance of a Sharia-compliant index of U.S. equities, offering investors exposure to a diversified portfolio of companies that meet Islamic finance standards.

What is the expense ratio for MNZL?

The expense ratio for the Manzil Russell Halal USA Broad Market ETF (MNZL) is 0.40%. This means that for every $10,000 invested in the fund, investors will pay $40 in annual fees to cover the fund's operating expenses.

While 0.40% is a reasonable expense ratio, it's important to consider this cost when evaluating the fund's potential returns.

What are the top holdings in MNZL?

As of March 15, 2026, the top holdings in the Manzil Russell Halal USA Broad Market ETF (MNZL) include: Apple Inc (AAPL) at 14.67%, representing a significant portion of the fund.

Broadcom Inc (AVGO) is the second largest holding at 5.63%, followed by Tesla Inc (TSLA) at 4.34%.

Is MNZL a good long-term investment?

Whether MNZL is a suitable long-term investment depends on an individual investor's specific financial goals, risk tolerance, and investment preferences. MNZL offers exposure to the U.S.

equity market while adhering to Sharia-compliant principles, which may appeal to investors seeking ethical investment options. The fund's expense ratio of 0.40% should be factored into long-term return expectations.

How does MNZL compare to similar ETFs?

MNZL differentiates itself from other ETFs through its Sharia-compliant investment strategy, screening companies based on Islamic finance principles.

While other broad market ETFs may offer lower expense ratios or larger AUM, MNZL caters to investors specifically seeking ethical and religiously aligned investments. As of March 15, 2026, MNZL has $0.00B in assets under management.

Does MNZL pay dividends?

As of March 15, 2026, the Manzil Russell Halal USA Broad Market ETF (MNZL) has a dividend yield of 0.00%. This indicates that the fund is not currently distributing dividends to its shareholders.

The lack of dividend payments may be due to the fund's investment strategy or the dividend policies of the companies held within the portfolio.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Data provided for informational purposes only.

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