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MNZL

GradeCNASDAQ Global Market

Manzil Russell Halal USA Broad Market ETF

Factor & Screened Index · Manzil · Inception 2025-11-18 · SEC filings

$61.45−0.42 (−0.68%)

As of Sep 23, 2026, 3:12 PM EDT

History starts Nov 19, 2025.History starts Nov 19, 2025.
Intraday session: down, 45 prints from 61.87 to 61.45. Range 61.34 to 62.04. Use the arrow keys to read each point.$61.60$61.80$62.0010 AM12 PM2 PM4 PM
Expense ratio
0.40%
Fund size
$31M
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$61.24
52W range
low $48.79high $62.39

The ETF.net MNZL Grade

C

40/ 100

Rank 43 of 48 in US ESG & Values Index⁠

Confidence High

Six-pillar profile for MNZL. Scores out of 100: Cost 30, Risk 54, Mission 75, Tradability 27, Holdings 38, Durability 0. Strongest: Mission (75). Weakest: Durability (0). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 40 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned44This cap took−4Published score40 Grade C

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 30
    Category rank34/48 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 75
    Category rank35/43 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 54
    Category rank18/48 · top 38%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 27
    Category rank41/48 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 38
    Category rank39/48 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    FScore 0
    Category rank48/48 · bottom quartile

Graded as of Sep 22, 2026

Our read on MNZL

ETF.net Research

CA broad slice of the US market, filtered for faith. MNZL passively tracks a Russell index that screens stocks for Shariah compliance, then adds a second AFSC layer. Ordinary index plumbing, faith-based rules on top. Launched 2025.

Stated mandate

The Fund uses passive indexing to track the total return performance of its Russell index before fees and expenses. The index consists of common stocks and applies Shariah screening followed by AFSC principles.

Why people hold it

  1. 01Broad-market by construction: it passively tracks a Russell US index rather than a hand-picked list, so the halal screen sits on top of standard index plumbing.
  2. 02Two screens, not one: Shariah rules first, then AFSC principles, both written into the fund's own index rules.
  3. 03A single-ticket way to hold screened US common stocks without vetting names one at a time. Domestic equity only, so no foreign-market or currency layer.

Worth knowing

  1. 01The screen carries a price: 0.40% a year, versus 0.09% at ESGV and 0.08% at XVV in the wider screened-equity group.
  2. 02It opened in late 2025, so there is little history yet on how tightly it hugs its index.
  3. 03Still a small, thinly traded fund, which can mean wider bid-ask spreads than the established names in its peer group.

MNZL Holdings

As of Sep 20, 2026, 9:04 AM
Asset class
Stocks
Holdings
—
Top-10 weight
42%
Largest holding
AAPL16.5%

Geography

  • United States97.12%
  • Ireland1.34%
  • United Kingdom0.92%
  • Switzerland0.19%
  • Cayman Islands0.13%
  • Australia0.10%
  • Bermuda0.06%
  • Netherlands0.06%
  • Other countries (4)0.08%
The fund’s holdings, weight-ordered — page 1 of 33.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001AAPLApple Inc16.48%15,141$5M707
002AVGOBroadcom Inc5.63%4,872$2M732
003MUMicron Technology Inc3.88%1,181$1M655
004TSLATesla Inc3.59%3,059$1M509
005LLYEli Lilly & Co3.11%836$960K569
006AMDAdvanced Micro Devices Inc3.08%1,703$950K618
007JNJJohnson & Johnson2.20%2,523$680K521
008ABBVAbbVie Inc1.59%1,854$490K511
009MRKMerck & Co Inc1.23%2,591$380K506
010LRCXLam Research Corp1.23%1,309$380K591
011AMATApplied Materials Inc1.20%830$370K558
012PGProcter & Gamble Co/The1.17%2,442$360K433
013HDHome Depot Inc/The1.00%1,046$310K436
014PANWPalo Alto Networks Inc1.00%844$310K486
015GEVGE Vernova Inc0.87%282$270K473

Showing 1–15 of 483 holdings

MNZL Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

MNZL$11,995
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. MNZL $11,995. SPY $11,430. Use the arrow keys to read each point.$9,077$10,645$12,213Dec 2025May 2026Sep 2026

Dec 31, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for MNZL. Periods over one year show the average yearly return.
PeriodMNZL
Year to date+20.0%
1 month+2.0%
3 months+1.3%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for MNZL
YearReturn barMNZL
2026 YTD+20.0%
2025+2.9%

History from Nov 19, 2025

MNZL in the news

ETF.net Research hasn’t filed on MNZL yet — coverage lands here as it’s written.

MNZL Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.02 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $0.02. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Dec 31, 2025$0.02

MNZL Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Nov 2025; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Nov 2025; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Nov 2025; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.10
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

MNZL Cost

Expense ratio0.40%
  • The middle half of US ESG & Values Index funds
  • Median 0.23%

34 of the 48 US ESG & Values Index funds charge less.

MNZL costs $40.00 a year on $10,000. The median US ESG & Values Index fund costs $22.50.