APHSXETF / FundArtisan Small Cap Fund
Verdicts genuinely change. Free email alert the moment APHSX's does — no target price to set, unlike "Alert" above.
Whether this fund clears the published standards, and the filings behind that answer. The screen runs first and nothing on the trading side can override it.
Structure, momentum, positioning and levels. Separate from the Sharia verdict above, which this side never overrides.
Artisan Small Cap Fund · Artisan Partners Funds Inc.
59 holdings
NON-COMPLIANT 13.46% of portfolio weight is in non-compliant holdings, over the 5% threshold.
59 holdings, 50 matched (88% of weight). Portfolio as of 2026-06-30, filed 2026-08-28. Source: SEC Form N-PORT.
3.17% of this portfolio’s income is non-permissible — weighted across holdings, computed over 75% of portfolio weight (42 of 59 holdings). The common approach purifies that proportion of income received — dividends — not of the position’s value. We report the ratio; what to do with it is a question for your own scholar.
72.1% compliant 2.0% questionable 13.5% non-compliant 12.1% unscreened
All holdings (59)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| TWST Twist Bioscience Corp. | COMPLIANT | 5.55% | AAOIFI1.1% Usmani13.9% Dow Jones Islamic3.2% S&P Shariah3.5% MSCI Islamic13.9% MSCI Islamic M-Series3.5% FTSE Shariah0.0% |
| MOD Modine Manufacturing Co. | COMPLIANT | 4.96% | AAOIFI6.1% Usmani22.5% Dow Jones Islamic7.8% S&P Shariah9.3% MSCI Islamic22.4% MSCI Islamic M-Series9.3% FTSE Shariah17.3% |
| LSCC Lattice Semiconductor Corp. | COMPLIANT | 4.42% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| Compass, Inc. | UNSCREENED | 3.94% | no in-house ratios for this holding |
| CGNX Cognex Corp. | COMPLIANT | 3.64% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| VSEC VSE Corp. | COMPLIANT | 3.43% | AAOIFI19.0% Usmani23.3% Dow Jones Islamic28.8% S&P Shariah37.2% MSCI Islamic23.3% MSCI Islamic M-Series37.2% FTSE Shariah21.5% |
| ASND Ascendis Pharma A/S | COMPLIANT | 3.25% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| SPXC SPX Technologies, Inc. | COMPLIANT | 3.12% | AAOIFI6.2% Usmani15.6% Dow Jones Islamic6.9% S&P Shariah8.0% MSCI Islamic15.6% MSCI Islamic M-Series8.0% FTSE Shariah15.6% |
| MRX Marex Group plc | NON_COMPLIANT | 3.01% | AAOIFI3.6% Usmani0.6% Dow Jones Islamic6.9% S&P Shariahfail MSCI Islamic0.6% MSCI Islamic M-Seriesfail FTSE Shariah0.6% |
| IONS Ionis Pharmaceuticals, Inc. | NON_COMPLIANT | 2.96% | AAOIFI21.0% Usmani67.5% Dow Jones Islamic23.0% S&P Shariah25.1% MSCI Islamic67.5% MSCI Islamic M-Series25.1% FTSE Shariah58.8% |
| MDGL Madrigal Pharmaceuticals, Inc. | COMPLIANT | 2.65% | AAOIFI2.8% Usmani27.9% Dow Jones Islamic3.8% S&P Shariah4.6% MSCI Islamic27.9% MSCI Islamic M-Series4.6% FTSE Shariah27.4% |
| GH Guardant Health, Inc. | COMPLIANT | 2.62% | AAOIFI7.8% Usmani88.7% Dow Jones Islamic17.9% S&P Shariah23.1% MSCI Islamic88.7% MSCI Islamic M-Series23.1% FTSE Shariah78.6% |
| ONTO Onto Innovation, Inc. | UNRATED | 2.55% | AAOIFI13.6% Usmani39.8% Dow Jones Islamic16.0% S&P Shariah16.1% MSCI Islamic39.8% MSCI Islamic M-Series16.1% FTSE Shariah39.8% |
| AIT Applied Industrial Technologies, Inc. | COMPLIANT | 2.50% | AAOIFI4.2% Usmani16.7% Dow Jones Islamic5.0% S&P Shariah5.6% MSCI Islamic16.7% MSCI Islamic M-Series5.6% FTSE Shariah9.3% |
| BRKR Bruker Corp. | COMPLIANT | 2.42% | AAOIFI18.9% Usmani30.1% Dow Jones Islamic25.7% S&P Shariah22.6% MSCI Islamic30.1% MSCI Islamic M-Series22.6% FTSE Shariah30.1% |
| HXL Hexcel Corp. | COMPLIANT | 2.37% | AAOIFI13.9% Usmani35.1% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic35.1% MSCI Islamic M-Series0.0% FTSE Shariah35.1% |
| FLS Flowserve Corp. | COMPLIANT | 2.21% | AAOIFI23.8% Usmani36.7% Dow Jones Islamic28.9% S&P Shariah32.3% MSCI Islamic36.7% MSCI Islamic M-Series32.3% FTSE Shariah33.8% |
| LOAR Loar Holdings, Inc. | COMPLIANT | 2.00% | AAOIFI15.1% Usmani41.5% Dow Jones Islamic14.0% S&P Shariahpass MSCI Islamic41.3% MSCI Islamic M-Seriespass FTSE Shariah40.8% |
| NOVT Novanta, Inc. | COMPLIANT | 1.99% | AAOIFI5.0% Usmani13.3% Dow Jones Islamic5.7% S&P Shariah5.4% MSCI Islamic13.2% MSCI Islamic M-Series5.4% FTSE Shariah10.7% |
| GWRE Guidewire Software, Inc. | QUESTIONABLE | 1.99% | AAOIFI3.2% Usmani16.9% Dow Jones Islamic2.8% S&P Shariah3.2% MSCI Islamic16.9% MSCI Islamic M-Series3.2% FTSE Shariah15.5% |
| MUSA Murphy USA, Inc. | COMPLIANT | 1.97% | AAOIFI29.4% Usmani56.5% Dow Jones Islamic30.8% S&P Shariah31.4% MSCI Islamic54.3% MSCI Islamic M-Series31.4% FTSE Shariah43.0% |
| VIRT Virtu Financial, Inc. | NON_COMPLIANT | 1.75% | AAOIFI21.8% Usmani7.4% Dow Jones Islamic32.2% S&P Shariah39.0% MSCI Islamic7.4% MSCI Islamic M-Series39.0% FTSE Shariah7.4% |
| SiTime Corp. | UNSCREENED | 1.72% | no in-house ratios for this holding |
| KTOS Kratos Defense & Security Solutions, Inc. | COMPLIANT | 1.65% | AAOIFI0.6% Usmani4.7% Dow Jones Islamic0.6% S&P Shariah0.8% MSCI Islamic1.3% MSCI Islamic M-Series0.8% FTSE Shariah0.0% |
| VCYT Veracyte, Inc. | COMPLIANT | 1.65% | AAOIFI1.1% Usmani2.7% Dow Jones Islamic1.4% S&P Shariah1.6% MSCI Islamic2.7% MSCI Islamic M-Series1.6% FTSE Shariah0.0% |
| BWX Technologies, Inc. | UNSCREENED | 1.65% | no in-house ratios for this holding |
| STVN Stevanato Group SpA | COMPLIANT | 1.58% | AAOIFI8.2% Usmani17.9% Dow Jones Islamic8.6% S&P Shariah8.0% MSCI Islamic17.9% MSCI Islamic M-Series8.0% FTSE Shariah17.9% |
| Mercury Systems, Inc. | UNSCREENED | 1.53% | no in-house ratios for this holding |
| WRBY Warby Parker, Inc. | COMPLIANT | 1.45% | AAOIFI7.9% Usmani32.5% Dow Jones Islamic9.7% S&P Shariah11.2% MSCI Islamic32.5% MSCI Islamic M-Series11.2% FTSE Shariah0.0% |
| MTSI MACOM Technology Solutions Holdings, Inc. | COMPLIANT | 1.43% | AAOIFI1.7% Usmani17.6% Dow Jones Islamic2.6% S&P Shariah3.1% MSCI Islamic16.2% MSCI Islamic M-Series3.1% FTSE Shariah15.9% |
| LASR nLight, Inc. | COMPLIANT | 1.42% | AAOIFI0.6% Usmani2.9% Dow Jones Islamic0.9% S&P Shariah1.1% MSCI Islamic2.9% MSCI Islamic M-Series1.1% FTSE Shariah0.0% |
| RYTM Rhythm Pharmaceuticals, Inc. | NON_COMPLIANT | 1.30% | AAOIFI1.8% Usmani25.1% Dow Jones Islamic2.0% S&P Shariah2.4% MSCI Islamic25.1% MSCI Islamic M-Series2.4% FTSE Shariah24.3% |
| AKAM Akamai Technologies, Inc. | NON_COMPLIANT | 1.28% | AAOIFI74.5% Usmani62.0% Dow Jones Islamic67.0% S&P Shariah64.0% MSCI Islamic62.0% MSCI Islamic M-Series64.0% FTSE Shariah50.2% |
| COCO Vita Coco Co., Inc. (The) | COMPLIANT | 1.27% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| BIRK Birkenstock Holding plc | COMPLIANT | 1.22% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| FRPT Freshpet, Inc. | COMPLIANT | 1.18% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| HQY HealthEquity, Inc. | COMPLIANT | 1.15% | AAOIFI12.2% Usmani29.7% Dow Jones Islamic12.2% S&P Shariah13.0% MSCI Islamic29.7% MSCI Islamic M-Series13.0% FTSE Shariah28.5% |
| Chefs' Warehouse, Inc. (The) | UNSCREENED | 1.08% | no in-house ratios for this holding |
| WFRD Weatherford International plc | COMPLIANT | 1.08% | AAOIFI26.7% Usmani33.0% Dow Jones Islamic29.9% S&P Shariah26.6% MSCI Islamic31.8% MSCI Islamic M-Series26.6% FTSE Shariah29.0% |
| Cellebrite DI Ltd. | UNSCREENED | 0.85% | no in-house ratios for this holding |
| IRTC IRhythm Holdings, Inc. | COMPLIANT | 0.81% | AAOIFI17.9% Usmani66.5% Dow Jones Islamic17.8% S&P Shariah19.6% MSCI Islamic66.5% MSCI Islamic M-Series19.6% FTSE Shariah59.5% |
| IBP Installed Building Products, Inc. | COMPLIANT | 0.77% | AAOIFI18.7% Usmani53.2% Dow Jones Islamic19.1% S&P Shariah20.1% MSCI Islamic52.7% MSCI Islamic M-Series20.1% FTSE Shariah47.2% |
| USAR USA Rare Earth, Inc. | NON_COMPLIANT | 0.69% | AAOIFI0.1% Usmani0.1% Dow Jones Islamic0.2% S&P Shariah0.3% MSCI Islamic0.1% MSCI Islamic M-Series0.3% FTSE Shariah0.0% |
| TYL Tyler Technologies, Inc. | COMPLIANT | 0.65% | AAOIFI9.8% Usmani25.0% Dow Jones Islamic7.0% S&P Shariah7.2% MSCI Islamic25.0% MSCI Islamic M-Series7.2% FTSE Shariah24.2% |
| KRMN Karman Holdings, Inc. | NON_COMPLIANT | 0.63% | AAOIFI0.5% Usmani8.6% Dow Jones Islamic0.3% S&P Shariahpass MSCI Islamic1.5% MSCI Islamic M-Seriespass FTSE Shariah0.4% |
| MXL MaxLinear, Inc. | COMPLIANT | 0.62% | AAOIFI2.5% Usmani18.0% Dow Jones Islamic6.0% S&P Shariah6.8% MSCI Islamic18.0% MSCI Islamic M-Series6.8% FTSE Shariah15.1% |
| Alamar Biosciences, Inc. | UNSCREENED | 0.55% | no in-house ratios for this holding |
| TTAN ServiceTitan, Inc. | COMPLIANT | 0.53% | AAOIFI2.7% Usmani8.5% Dow Jones Islamic1.7% S&P Shariahpass MSCI Islamic8.5% MSCI Islamic M-Seriespass FTSE Shariah5.8% |
| Vaxcyte, Inc. | UNSCREENED | 0.52% | no in-house ratios for this holding |
| PRCT Procept Biorobotics Corp. | COMPLIANT | 0.51% | AAOIFI5.9% Usmani16.2% Dow Jones Islamic3.0% S&P Shariah3.0% MSCI Islamic16.2% MSCI Islamic M-Series3.0% FTSE Shariah10.8% |
| WING Wingstop, Inc. | NON_COMPLIANT | 0.50% | AAOIFI41.6% Usmani193.4% Dow Jones Islamic17.4% S&P Shariah16.3% MSCI Islamic193.4% MSCI Islamic M-Series16.3% FTSE Shariah184.0% |
| HSAI Hesai Group | NON_COMPLIANT | 0.50% | AAOIFI17.7% Usmani4.6% Dow Jones Islamic2.6% S&P Shariah3.3% MSCI Islamic4.6% MSCI Islamic M-Series3.3% FTSE Shariah3.5% |
| NP Neptune Insurance Holdings, Inc. | NON_COMPLIANT | 0.47% | AAOIFI0.0% Usmani0.0% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic0.0% MSCI Islamic M-Seriesfail FTSE Shariah0.0% |
| FROG JFrog Ltd. | COMPLIANT | 0.47% | AAOIFI0.1% Usmani1.0% Dow Jones Islamic0.3% S&P Shariah0.3% MSCI Islamic1.0% MSCI Islamic M-Series0.3% FTSE Shariah0.0% |
| OLLI Ollie's Bargain Outlet Holdings, Inc. | COMPLIANT | 0.46% | AAOIFI16.0% Usmani24.0% Dow Jones Islamic11.3% S&P Shariah12.2% MSCI Islamic24.0% MSCI Islamic M-Series12.2% FTSE Shariah0.1% |
| YSS York Space Systems, Inc. | NON_COMPLIANT | 0.36% | AAOIFI8.8% Usmani8.6% Dow Jones Islamic— S&P Shariah— MSCI Islamic8.6% MSCI Islamic M-Series— FTSE Shariah7.1% |
| Cantor Equity Partners II, Inc. | UNSCREENED | 0.30% | no in-house ratios for this holding |
| FLEX Flex Ltd. | COMPLIANT | 0.30% | AAOIFI14.4% Usmani24.1% Dow Jones Islamic25.4% S&P Shariah30.5% MSCI Islamic24.1% MSCI Islamic M-Series30.5% FTSE Shariah20.7% |
| AXTI AXT, Inc. | COMPLIANT | 0.23% | AAOIFI0.2% Usmani0.6% Dow Jones Islamic0.5% S&P Shariah0.7% MSCI Islamic0.6% MSCI Islamic M-Series0.7% FTSE Shariah0.5% |
The published standards disagree about this fund by 36 points of portfolio weight — 63.7% of it passes AAOIFI, 27.6% passes MSCI Islamic. Which number is yours depends on which standard you follow.
These bars are the financial-ratio result under each standard — debt, receivables and interest income. They do not screen what the business does, so a holding can pass every ratio here and still be questionable or non-compliant on activity. The blended verdict above accounts for both.
ratios pass on 63.7% ratios fail on 10.3% 25.7% not rated under AAOIFI
ratios pass on 40.8% ratios fail on 30.1% 28.8% not rated under Usmani
ratios pass on 62.1% ratios fail on 10.0% 27.6% not rated under Dow Jones Islamic
ratios pass on 63.1% ratios fail on 8.9% 27.6% not rated under S&P Shariah
ratios pass on 27.6% ratios fail on 41.7% 30.4% not rated under MSCI Islamic
ratios pass on 62.1% ratios fail on 10.2% 27.4% not rated under MSCI Islamic M-Series
ratios pass on 39.2% ratios fail on 30.1% 30.4% not rated under FTSE Shariah
50 of 59 listed holdings carry our own per-methodology verdicts (88% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 44 (73% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| MRX Marex Group plc | 3.01% |
| IONS Ionis Pharmaceuticals, Inc. | 2.96% |
| VIRT Virtu Financial, Inc. | 1.75% |
| RYTM Rhythm Pharmaceuticals, Inc. | 1.30% |
| AKAM Akamai Technologies, Inc. | 1.28% |
| USAR USA Rare Earth, Inc. | 0.69% |
| KRMN Karman Holdings, Inc. | 0.63% |
| WING Wingstop, Inc. | 0.50% |
| HSAI Hesai Group | 0.50% |
| NP Neptune Insurance Holdings, Inc. | 0.47% |
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Artisan Small Cap Fund (APHSX) is currently considered not halal (non-compliant), per our own look-through to its filed holdings. See its filed holdings and the weight breakdown below for the reasoning.
Screened on its holdings, not its name
HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A holding it cannot cover far enough is reported as unrated rather than counted as a pass.
| Holding | Weight | Verdict |
|---|---|---|
| TWSTTwist Bioscience Corp. | 5.55% | Compliant |
| MODModine Manufacturing Co. | 4.96% | Compliant |
| LSCCLattice Semiconductor Corp. | 4.42% | Compliant |
| Compass, Inc.not matched to a ticker | 3.94% | Not screened |
| CGNXCognex Corp. | 3.64% | Compliant |
| VSECVSE Corp. | 3.43% | Compliant |
| ASNDAscendis Pharma A/S | 3.25% | Compliant |
| SPXCSPX Technologies, Inc. | 3.12% | Compliant |
| MRXMarex Group plc | 3.01% | Non-compliant |
| IONSIonis Pharmaceuticals, Inc. | 2.96% | Non-compliant |
Top 10 of 59 holdings, 38.3% of the fund by weight. Every holding is screened, not only these.
What holds the number back
The positions keeping this fund short of 100% compliant by weight.
- Compass, Inc.not screened3.94%
- MRXnon-compliant3.01%
- IONSnon-compliant2.96%
- ONTOscreened, not rated2.55%
- GWREquestionable1.99%
- VIRTnon-compliant1.75%
What changed, and when
Verdict history for APHSX. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
- 2026-09-07 No change recorded No verdict change for APHSX has been recorded since tracking began. The scan ledger records that the compliance detectors ran, not which symbols each pass covered.
Tracked since 2026-09-07.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
This fund prices once a day, so its bars carry no intraday high or low — floor-trader pivots are not defined for it.
Price Forecast
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
Technical Summary
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
Every indicator, and what it reads
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 48.20 | NEUTRAL |
| Stochastic %K (14) | 69.71 | NEUTRAL |
| CCI (20) | -8.23 | NEUTRAL |
| Williams %R (14) | -30.29 | NEUTRAL |
| MACD (12,26,9) | 0.07 | BUY |
| ROC (10) | 0.83 | BUY |
| Momentum (10) | 0.33 | BUY |
| EMA (10) | 39.97 | BUY |
| SMA (10) | 39.75 | BUY |
| EMA (20) | 40.24 | BUY |
| SMA (20) | 40.32 | SELL |
| EMA (30) | 40.53 | SELL |
| SMA (30) | 40.53 | SELL |
| EMA (50) | 40.96 | SELL |
| SMA (50) | 41.30 | SELL |
| EMA (100) | 41.16 | SELL |
| SMA (100) | 42.05 | SELL |
| EMA (200) | 40.09 | BUY |
| SMA (200) | 40.48 | SELL |
SMC — Top Down
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
Before you act on this
The questions worth asking about any verdict on this page, answered plainly.
Is a fund screened on its name?
No. HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A fund marketed as Islamic still gets the same look-through as any other.
What does unrated weight mean?
It is the share of the fund whose holdings HTR cannot cover far enough to rate. It is reported as unrated rather than counted as compliant, because a holding nobody screened should not look like one that passed.
Does the issuer's board make it compliant?
It matters, and it is noted, but it does not replace the look-through. The board's judgement and the holdings screen are shown separately so you can see when they agree and when they do not.
How often is this re-screened?
When the fund files new holdings, and on a rolling basis besides. The date on the verdict above is the last time this fund was actually recomputed.
Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.
Compare with
Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.
Peer screening computing — it will appear here on its own.
AI Summary
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.