Manzil Russell Halal USA Broad Market ETF (MNZL)

Manzil Russell Halal USA Broad Market ETF (MNZL) is an exchange-traded fund in the Large Blend category. It has $22.25M in assets and an expense ratio of 0.40%. The fund uses a “passive management” approach to track the performance of the index. The index is composed of the common stock of large capitalization U.S. companies. The index is constructed by evaluating the components of the index, using the Russell IdealRatings system, to identify companies that comply with Shariah principles. These ratings were developed based on the AAOFI. The fund is non-diversified.