KLMN vs MNZL: Grades, Fees and Holdings Compared

Invesco MSCI North America Climate ETF

KLMNANYSE Arca

Manzil Russell Halal USA Broad Market ETF

MNZLCNasdaq

Overlap

39.6%by weight

Expense ratio

KLMN −0.31pt a year

KLMN0.09%MNZL0.40%

Avg volume · 30D

KLMN 75.9×the volume

KLMN489KMNZL6.45K

KLMN vs MNZL Performance

Dec 31, 2025 – Nov 9, 2026

+11.3%KLMN+16.9%MNZL

Expense ratio: KLMN 0.09%, better; MNZL 0.40%
Fund size: KLMN $1.94B; MNZL $39M
1Y total return: KLMN +13.7%; MNZL No data
Yield (12M): KLMN 1.17%; MNZL No data
Holdings: KLMN 275; MNZL 483
Avg volume (30D): KLMN 489K sh, better; MNZL 6.45K sh
NAV per share: KLMN $30.21; MNZL $60.27
52W range

ETF.net Grade

Pillar letters and Scores for KLMN, MNZL, with each pillar’s weight
Pillar	KLMN	MNZL
Cost30% weight	A86Higher	D26
Mission25% weight	A100Higher	A78
Risk15% weight	B55Higher	C47
Tradability15% weight	A83Higher	F20
Holdings10% weight	B64Higher	D32
Durability5% weight	B55Higher	F2

Rank among US ESG & Values Index funds

How we build Categories ›

Same Category. KLMN and MNZL are both graded against the same 47 US ESG & Values Index funds, so their Grades compare head to head.

US ESG & Values Index⁠

Category · 47 funds

See all 47 ›

KLMN ranks 1st and MNZL 43rd of 47 funds in the US ESG & Values Index Category.

Rank 1AKLMNInvesco MSCI North America Climate ETFScore 80
Rank 2AEFIVState Street SPDR S&P 500 ESG ETFScore 78
Rank 42CBIBLInspire 100 ETFScore 42
Rank 43CMNZLManzil Russell Halal USA Broad Market ETFScore 40
Rank 44DWOMNImpact Shares YWCA Women's Empowerment ETFScore 37

Our read on each fund

ETF.net Research

KLMNAInvesco MSCI North America Climate ETF

MNZLCManzil Russell Halal USA Broad Market ETF

In short

KLMN No data

MNZL A 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

KLMN No data

MNZL 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

KLMN No data

MNZL Broad-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.
Two screens, not one: Shariah rules first, then AFSC principles, both written into the fund's own index rules.
A 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

KLMN No data

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

Full KLMN profile⁠

Full MNZL profile⁠

KLMN vs MNZL Holdings

How KLMN and MNZL differ

Overlap by weight

39.6%

Shared holdings make up 79.9% of MNZL and 40.2% of KLMN.

Level by level

Holdings122 in both39.6%
Sector11 Sectors75.5%
Countryby domicile95.1%
Asset classStocks100%

Sector

Sector weights in KLMN and MNZL, widest gap first
Sector	Gap	KLMN	MNZL
Financials	KLMN +12.9 points	13.1%	0.2%
Technology	MNZL +10.6 points	35.9%	46.5%
Health Care	MNZL +8.9 points	10.2%	19.1%
Communication	KLMN +8.1 points	8.5%	0.4%
Industrials	MNZL +3.2 points	8.1%	11.3%
Consumer Staples	KLMN +1.8 points	5.5%	3.7%
Materials	MNZL +1.3 points	2.4%	3.7%
Energy	KLMN +1.0 points	3.9%	2.9%
Utilities	KLMN +0.5 points	0.8%	0.3%
Consumer Discretionary	MNZL +0.5 points	9.4%	9.9%
Real Estate	Same weight	2.2%	2.2%

Country, concentration and asset class

Country by domicile

Country weights in KLMN and MNZL, widest gap first
Country	Gap	KLMN	MNZL
United States	MNZL +4.8 points	94.8%	99.6%
Canada	KLMN +4.4 points	4.4%	0.0%
Other countries (9)	KLMN +0.3 points	0.8%	0.5%

Concentration

Weight in the 10 largest Holdings

KLMN35.1%
MNZL42.0%

Securities held

KLMN273
MNZL482

Asset class

KLMN: Stocks
MNZL: Stocks

Holdings

Only in KLMN151
In both122
Only in MNZL360

Only in KLMN

151 securities, 59.7% of KLMN by weight

NVIDIA Corp6.48%
Microsoft Corp5.65%
Amazon.com Inc3.77%
Alphabet Inc2.76%
Meta Platforms Inc2.04%
Alphabet Inc1.70%
JPMorgan Chase & Co1.38%
Visa Inc1.15%
ExxonMobil Holdings Corp1.08%
Mastercard Inc0.89%
Walmart Inc0.87%
Costco Wholesale Corp0.71%
Coca-Cola Co/The0.66%
Chevron Corp0.64%
Cisco Systems Inc0.61%
UnitedHealth Group Inc0.56%
Palantir Technologies Inc0.54%
General Electric Co0.54%
Bank of America Corp0.54%
Philip Morris International Inc0.51%
Royal Bank of Canada0.50%
Amgen Inc0.45%
Goldman Sachs Group Inc/The0.43%
Caterpillar Inc0.42%
Netflix Inc0.42%
RTX Corp0.42%
Wells Fargo & Co0.41%
Intel Corp0.38%
Walt Disney Co/The0.38%
Morgan Stanley0.37%
Toronto-Dominion Bank/The0.37%
McDonald's Corp0.36%
International Business Machines Corp0.36%
Citigroup Inc0.35%
Verizon Communications Inc0.35%
American Express Co0.33%
Amphenol Corp0.33%
Blackrock Inc0.32%
Deere & Co0.32%
Shopify Inc0.32%
Accenture PLC0.31%
Oracle Corp0.31%
Wheaton Precious Metals Corp0.30%
S&P Global Inc0.29%
Automatic Data Processing Inc0.29%
AT&T Inc0.28%
Agnico Eagle Mines Ltd0.27%
Eaton Corp PLC0.27%
NextEra Energy Inc0.27%
Charles Schwab Corp/The0.26%

Only in MNZL

360 securities, 19.6% of MNZL by weight

Sandisk Corp0.42%
Phillips 660.35%
Space Exploration Technologies Corp0.29%
Illinois Tool Works Inc0.29%
United Parcel Service Inc0.29%
FedEx Corp0.24%
Air Products and Chemicals Inc0.24%
Crh PLC0.24%
Fastenal Co0.21%
WW Grainger Inc0.21%
Nucor Corp0.19%
Garmin Ltd0.19%
IDEXX Laboratories Inc0.19%
Carvana Co0.19%
Delta Air Lines Inc0.19%
Ferguson Enterprises Inc0.16%
Republic Services Inc0.16%
Occidental Petroleum Corp0.16%
Strategy Inc0.16%
Anglogold Ashanti Plc0.16%
Westinghouse Air Brake Technologies Corp0.16%
Roper Technologies Inc0.16%
Waters Corp0.16%
Natera Inc0.13%
GE HealthCare Technologies Inc0.13%
DR Horton Inc0.13%
United Airlines Holdings Inc0.13%
Vulcan Materials Co0.13%
ResMed Inc0.13%
Biogen Inc0.13%
Archer-Daniels-Midland Co0.13%
Rockwell Automation Inc0.13%
Copart Inc0.11%
Williams-Sonoma Inc0.11%
Okta Inc0.11%
Halliburton Co0.11%
Sunbelt Rentals Holdings Inc0.11%
Microchip Technology Inc0.11%
NetApp Inc0.11%
ROBLOX Corp0.11%
Zoom Communications Inc0.11%
Labcorp Holdings Inc0.11%
Estee Lauder Cos Inc/The0.11%
Everpure Inc0.11%
Dexcom Inc0.11%
Quest Diagnostics Inc0.11%
Veralto Corp0.11%
Steel Dynamics Inc0.11%
Twilio Inc0.11%
Old Dominion Freight Line Inc0.11%

Weight gaps

The 100 widest of 122 Holdings in both funds.

Holding weights in KLMN and MNZL, widest gap first
Holding	Gap	KLMN	MNZL
Apple IncAAPL	MNZL +9.96 points	7.56%	17.52%
Broadcom IncAVGO	MNZL +2.84 points	1.99%	4.83%
Eli Lilly & CoLLY	MNZL +2.18 points	1.64%	3.82%
Tesla IncTSLA	MNZL +2.17 points	1.52%	3.69%
Micron Technology IncMU	MNZL +1.57 points	1.19%	2.76%
Advanced Micro Devices IncAMD	MNZL +1.43 points	1.14%	2.57%
Johnson & JohnsonJNJ	MNZL +1.26 points	1.10%	2.36%
AbbVie IncABBV	MNZL +1.00 points	0.83%	1.83%
Procter & Gamble Co/ThePG	MNZL +0.69 points	0.66%	1.35%
Merck & Co IncMRK	MNZL +0.66 points	0.61%	1.27%
Home Depot Inc/TheHD	MNZL +0.63 points	0.59%	1.22%
Palo Alto Networks IncPANW	MNZL +0.47 points	0.43%	0.90%
Texas Instruments IncTXN	MNZL +0.47 points	0.41%	0.88%
Applied Materials IncAMAT	MNZL +0.46 points	0.47%	0.93%
Thermo Fisher Scientific IncTMO	MNZL +0.45 points	0.45%	0.90%
Linde PLCLIN	MNZL +0.45 points	0.37%	0.82%
Lam Research CorpLRCX	MNZL +0.45 points	0.43%	0.88%
Crowdstrike Holdings IncCRWD	MNZL +0.42 points	0.35%	0.77%
GE Vernova IncGEV	MNZL +0.40 points	0.34%	0.74%
Gilead Sciences IncGILD	MNZL +0.35 points	0.37%	0.72%
PepsiCo IncPEP	MNZL +0.35 points	0.34%	0.69%
Analog Devices IncADI	MNZL +0.32 points	0.32%	0.64%
QUALCOMM IncQCOM	MNZL +0.32 points	0.29%	0.61%
Arista Networks IncANET	MNZL +0.32 points	0.32%	0.64%
KLA CorpKLAC	MNZL +0.31 points	0.33%	0.64%
Union Pacific CorpUNP	MNZL +0.30 points	0.31%	0.61%
Abbott LaboratoriesABT	MNZL +0.30 points	0.36%	0.66%
Intuitive Surgical IncISRG	MNZL +0.30 points	0.26%	0.56%
TJX Cos Inc/TheTJX	MNZL +0.29 points	0.24%	0.53%
Salesforce IncCRM	MNZL +0.28 points	0.33%	0.61%
Welltower IncWELL	MNZL +0.27 points	0.34%	0.61%
Uber Technologies IncUBER	MNZL +0.26 points	0.22%	0.48%
ConocoPhillipsCOP	MNZL +0.25 points	0.33%	0.58%
Pfizer IncPFE	MNZL +0.25 points	0.33%	0.58%
Danaher CorpDHR	MNZL +0.25 points	0.25%	0.50%
Lowe's Cos IncLOW	MNZL +0.24 points	0.21%	0.45%
Kimberly-Clark CorpKMB	MNZL +0.24 points	0.00%	0.24%
Vertex Pharmaceuticals IncVRTX	MNZL +0.24 points	0.24%	0.48%
Marvell Technology IncMRVL	MNZL +0.21 points	0.21%	0.42%
Stryker CorpSYK	MNZL +0.21 points	0.19%	0.40%
AppLovin CorpAPP	MNZL +0.21 points	0.14%	0.35%
Prologis IncPLD	MNZL +0.17 points	0.25%	0.42%
Medtronic PLCMDT	MNZL +0.17 points	0.28%	0.45%
McKesson CorpMCK	MNZL +0.16 points	0.26%	0.42%
Waste Management IncWM	MNZL +0.16 points	0.16%	0.32%
Newmont CorpNEM	MNZL +0.16 points	0.29%	0.45%
Western Digital CorpWDC	MNZL +0.16 points	0.16%	0.32%
Adobe IncADBE	MNZL +0.16 points	0.19%	0.35%
Cadence Design Systems IncCDNS	MNZL +0.16 points	0.16%	0.32%
Marriott International Inc/MDMAR	MNZL +0.15 points	0.17%	0.32%
ServiceNow IncNOW	MNZL +0.15 points	0.22%	0.37%
Vertiv Holdings CoVRT	MNZL +0.15 points	0.12%	0.27%
Equinix IncEQIX	MNZL +0.16 points	0.19%	0.35%
Snowflake IncSNOW	MNZL +0.15 points	0.20%	0.35%
Quanta Services IncPWR	MNZL +0.14 points	0.15%	0.29%
Regeneron Pharmaceuticals IncREGN	MNZL +0.14 points	0.18%	0.32%
Emerson Electric CoEMR	MNZL +0.14 points	0.21%	0.35%
Corning IncGLW	MNZL +0.14 points	0.15%	0.29%
Synopsys IncSNPS	MNZL +0.13 points	0.16%	0.29%
O'Reilly Automotive IncORLY	MNZL +0.14 points	0.13%	0.27%
3M CoMMM	MNZL +0.13 points	0.22%	0.35%
Ross Stores IncROST	MNZL +0.13 points	0.14%	0.27%
CSX CorpCSX	MNZL +0.13 points	0.19%	0.32%
Mondelez International IncMDLZ	MNZL +0.12 points	0.20%	0.32%
Cintas CorpCTAS	MNZL +0.12 points	0.15%	0.27%
Datadog IncDDOG	MNZL +0.11 points	0.10%	0.21%
Digital Realty Trust IncDLR	MNZL +0.11 points	0.13%	0.24%
Monolithic Power Systems IncMPWR	MNZL +0.10 points	0.11%	0.21%
Johnson Controls International plcJCI	MNZL +0.10 points	0.19%	0.29%
Vivmark ResidentialEQR	KLMN +0.10 points	0.29%	0.19%
Sherwin-Williams Co/TheSHW	MNZL +0.10 points	0.17%	0.27%
Fortinet IncFTNT	MNZL +0.10 points	0.14%	0.24%
Dover CorpDOV	KLMN +0.09 points	0.17%	0.08%
Airbnb IncABNB	MNZL +0.10 points	0.17%	0.27%
Trane Technologies PLCTT	MNZL +0.08 points	0.21%	0.29%
Monster Beverage CorpMNST	MNZL +0.08 points	0.13%	0.21%
AutoZone IncAZO	MNZL +0.09 points	0.10%	0.19%
Cummins IncCMI	MNZL +0.08 points	0.16%	0.24%
Bloom Energy CorpBE	MNZL +0.08 points	0.08%	0.16%
SempraSRE	MNZL +0.08 points	0.11%	0.19%
Cardinal Health IncCAH	MNZL +0.08 points	0.16%	0.24%
SLB LtdSLB	MNZL +0.08 points	0.19%	0.27%
United Rentals IncURI	MNZL +0.07 points	0.14%	0.21%
Norfolk Southern CorpNSC	MNZL +0.07 points	0.17%	0.24%
Cencora IncCOR	MNZL +0.07 points	0.17%	0.24%
EOG Resources IncEOG	MNZL +0.07 points	0.22%	0.29%
PPG Industries IncPPG	KLMN +0.07 points	0.18%	0.11%
Edwards Lifesciences CorpEW	MNZL +0.07 points	0.14%	0.21%
Boston Scientific CorpBSX	MNZL +0.07 points	0.14%	0.21%
Devon Energy CorpDVN	MNZL +0.07 points	0.12%	0.19%
Colgate-Palmolive CoCL	MNZL +0.07 points	0.20%	0.27%
Ciena CorpCIEN	MNZL +0.06 points	0.07%	0.13%
Coherent CorpCOHR	MNZL +0.06 points	0.07%	0.13%
Chipotle Mexican Grill IncCMG	MNZL +0.06 points	0.10%	0.16%
Lumentum Holdings IncLITE	MNZL +0.05 points	0.08%	0.13%
NIKE IncNKE	MNZL +0.06 points	0.10%	0.16%
Ingersoll Rand IncIR	KLMN +0.05 points	0.16%	0.11%
Astera Labs IncALAB	MNZL +0.06 points	0.05%	0.11%
Kraft Heinz Co/TheKHC	KLMN +0.05 points	0.13%	0.08%
Comfort Systems USA IncFIX	MNZL +0.05 points	0.08%	0.13%

All 273 KLMN holdings⁠All MNZL holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

KLMN vs MNZL Cost

Overpaying MNZL vs KLMN

$6,192

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

KLMN 0.09%
$1,898
MNZL 0.40%
$8,090

Amount$10,000

Years30 years

Cost over time

KLMN 0.09%
MNZL 0.40%
Overpaying

Year by year

Year	KLMN	MNZL	Overpaying
10	$165	$723	$558
20	$646	$2,793	$2,147
30	$1,898	$8,090	$6,192

Expense ratio

0.09%KLMN, cheaper
0.40%MNZL

KLMN0.09%MNZL0.40%

0.08%0.95%

Middle half of US ESG & Values Index funds
Median 0.25%

KLMN 3rd cheapest of 47 funds

MNZL 35th cheapest of 47 funds

KLMN vs MNZL Dividends

Last 12 months to Nov 9, 2026

Yield (12M): KLMN 1.17%; MNZL No data
Payout (12M): KLMN $0.36; MNZL No data
Last payment: KLMN $0.08; MNZL $0.02
Ex-dividend: KLMN Sep 21, 2026; MNZL Dec 30, 2025
Paid on: KLMN Sep 25, 2026; MNZL Dec 31, 2025
Frequency: KLMN Quarterly; MNZL Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

KLMNQuarterly · 7 paymentsAll KLMN payments⁠

MNZLIrregular · 1 paymentAll MNZL payments⁠

KLMN vs MNZL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: KLMN 12.5%since Jan 2025MNZL No data
Return per unit of riskSharpe ratio, 3 years: KLMN 0.83since Jan 2025MNZL No data
Worst fallMax drawdown, 5 years: KLMN −18.5%since Dec 2024MNZL No data
Market sensitivityBeta, 5 years: KLMN 1.02MNZL 1.08; Market = 1

KLMN and MNZL in the news

All news⁠

ETF Filings
SP Funds Trust files for two Shariah ETFs, U.S. Small Cap and Equity Income
Oct 12, 2026MNZL

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KLMN vs MNZL

In short

Stated mandate

Why people hold it

Worth knowing

How KLMN and MNZL differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in KLMN

Only in MNZL

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

SP Funds Trust files for two Shariah ETFs, U.S. Small Cap and Equity Income