UMMAWahed Dow Jones Islamic World ETF
UMMA Fund Description
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.
UMMA Factset Analytics Insight
UMMA, though actively managed, seeks to achieve similar returns as the Dow Jones Islamic Market International Titans 100 Index. In doing so, the fund invests in a portfolio that generally replicates the index’s holdings, which comprises 100 of the largest Shariah-compliant companies outside the US. This includes firms from developed, emerging, and frontier markets. The selection process starts by removing companies that derive more than 5% of their revenue from Shariah-prohibited activities such as: non-Islamic finance, alcohol, tobacco, weapon, pork-related products, and certain forms of entertainment. Remaining firms are then filtered using accounting-based screens that focus on certain financial ratios. In addition, companies are further screened to assess ESG risks relating to issues, such as illegal commercial practices, human rights, labor disputes, and workplace safety. UMMA’s international exposure complements HLAL, its sibling fund that holds Shariah-compliant US securities.
UMMA Portfolio Data
UMMA Index Data
UMMA Portfolio Management
UMMA Tax Exposures
UMMA Fund Structure
UMMA Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of UMMA. UMMA is rated a N/A out of 5.
UMMA Top 10 Holdings[View All]
UMMA Performance Statistics
UMMA Benchmark Comparison Summary
UMMA Benchmark Comparison Market Cap Size
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.