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. What it tracks, who certifies it, what it holds, and how a Canadian actually buys it.
Fund facts
Figures as of July 18, 2026 (fee data July 6, 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
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.
- 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, currently the cheapest US-listed halal equity ETF. About $125M in assets.
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: FTSE Russell halal index of the US broad market with an additional ethical exclusion overlay. Screening standards differ between index families — 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.