Wahed Dow Jones Islamic World ETF

Frequently Asked Questions About UMMA

What does UMMA invest in?

This actively managed Exchange-Traded Fund (ETF) strategically invests in the equity securities of companies around the globe, with the specific exclusion of those domiciled in the United States. A core principle of its investment strategy is to select companies that fully comply with Shariah law and Islamic principles, as interpreted by subject-matter experts. The fund aims to mirror the composition and performance of the Dow Jones Islamic Market International Titans 100 Index by investing in similar securities. It is important to note that this fund is non-diversified.

What is the expense ratio of UMMA?

Wahed Dow Jones Islamic World ETF (UMMA) charges an expense ratio of 0.65%. This is the annual fee deducted from fund assets to cover management and operations.

How big is UMMA?

Wahed Dow Jones Islamic World ETF (UMMA) manages $304.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is UMMA actively managed or an index fund?

UMMA is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (UMMA's is 0.65%) in exchange for the discretion to over- or under-weight positions.

When was UMMA launched?

Wahed Dow Jones Islamic World ETF (UMMA) launched in January 2022 and is managed by Wahed.

How has UMMA performed?

UMMA's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.