MNZL vs SNPE

MNZLCManzil Russell Halal USA Broad Market ETF

SNPEAXtrackers S&P 500 Scored & Screened ETF

In short

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.

SNPE The S&P 500 with roughly 200 names screened out, for 0.10% a year. SNPE keeps the plumbing of a plain core index fund and lets S&P's rules, not a stock picker, decide who stays in the basket.

Stated mandate

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.

SNPE The fund seeks investment results that generally correspond, before fees and expenses, to the performance of its underlying index.

Why people hold it

• 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.

• SNPE A 0.10% expense ratio puts it in the cheap seats of the screened-index crowd, alongside XVV (0.08%) and ESGV (0.09%) and well under the group's typical fee.
• Plain index plumbing: it aims to match the S&P 500 Scored & Screened Index before fees, and it has hugged that mandate closely.
• Roughly 300 stocks, so the screen actually bites. Around 200 S&P 500 members are cut outright rather than quietly trimmed.
• A multi-billion-dollar Xtrackers fund running since 2019 with steady daily volume and quarterly payouts. Not a thin, untested launch.

Worth knowing

• 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.

• SNPE Cutting ~200 names concentrates what's left. The megacap leaders of the parent index end up carrying even more weight here.
• The screens are S&P's, not yours. They are rules-based and reapplied at each rebalance, so the roster can shift without warning.
• Not the outright cheapest option in the group: XVV and ESGV shave a basis point or two off the fee.

Full MNZL profile⁠

Full SNPE profile⁠