MNZL: Manzil Russell Halal USA Broad Market ETF
US equity (broad market, large/mid blend) from Manzil Investment Advisors (EA Series Trust), 0.40% MER, bought in USD on a US exchange.
Fund facts
Figures as of July 18, 2026 (fee data November 1, 2026); fee confirmed on the provider’s own page.
- Provider
- Manzil Investment Advisors (EA Series Trust)
- Type
- US equity (broad market, large/mid blend)
- Listing
- Nasdaq · USD
- MER
- 0.40%
- Inception
- 2025-11-18
- Holdings
- 491
- Distributions
- Annual
What it tracks & who certifies it
Tracks the Russell IdealRatings Manzil Halal USA Broad Market Custom Index, a FTSE Russell halal index of the US broad market with an additional ethical exclusion overlay.
Top holdings
A dated snapshot (as of July 18, 2026); the official fund page always carries the live, complete list. These 8 holdings are 39.5% of the fund, out of 491 in total.
- Apple Inc. (AAPL)16.16%
- Broadcom Inc. (AVGO)6.22%
- Tesla, Inc. (TSLA)3.91%
- Micron Technology, Inc. (MU)3.46%
- Eli Lilly and Company (LLY)3.18%
- Advanced Micro Devices, Inc. (AMD)2.92%
- Johnson & Johnson (JNJ)2.08%
- Applied Materials, Inc. (AMAT)1.55%
How Canadians buy MNZL
USD via a US exchange, from Canadian halal fintech Manzil, but US-listed, so the same treaty rules as SPUS/HLAL.
Launched Nov 18, 2025. 0.40% per the SEC Form 497K and manzilfunds.com, still the cheapest US-listed halal equity ETF. About US$36.3M in assets (manzilfunds.com, October 28, 2026), a small fund.
Official fund page: live price & full holdings →
Compare MNZL against every halal ETF (fees on your amount) →
Common questions
Is MNZL Shariah-compliant (halal)?
MNZL is screened as follows: Tracks the Russell IdealRatings Manzil Halal USA Broad Market Custom Index, a FTSE Russell halal index of the US broad market with an additional ethical exclusion overlay. Screening standards differ between index families, so verify the methodology against the standard you follow before investing.
What does MNZL cost per year?
The management expense ratio is 0.40% per year: about $40 annually on a $10,000 holding, deducted inside the fund rather than billed to you.
Can Canadians hold MNZL in a TFSA or RRSP?
Yes, in registered accounts at any Canadian broker with US-market access. In an RRSP the Canada–US treaty waives the 15% US withholding tax on distributions; a TFSA, FHSA or RESP gets no treaty relief, so 15% comes off every distribution.