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Morningstar

Wahed Dow Jones Islamic World ETF UMMA

Morningstar Medalist Rating
Medalist Rating as of | See Wahed Investment Hub

Morningstar’s Analysis UMMA

Will UMMA outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable UMMA’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the UMMA management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of UMMA’s parent organization’s priorities and whether they’re in line with investors’ interests.

Wahed Dow Jones Islamic World ETF's Average Process Pillar and People Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the lowest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings UMMA

More UMMA Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 38.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Taiwan Semiconductor Manufacturing Co Ltd ADR

8.47 7.7 Mil
Technology

Novo Nordisk A/S Class B

5.12 4.6 Mil
Healthcare

ASML Holding NV

4.65 4.2 Mil
Technology

Shopify Inc Registered Shs -A- Subord Vtg

4.01 3.6 Mil
Technology

Infineon Technologies AG

3.64 3.3 Mil
Technology

Samsung Electronics Co Ltd

3.63 3.3 Mil
Technology

Novartis AG Registered Shares

2.61 2.4 Mil
Healthcare

SAP SE

2.43 2.2 Mil
Technology

Roche Holding AG

2.18 2.0 Mil
Healthcare

Nestle SA

2.03 1.8 Mil
Consumer Defensive