BAIVETF / FundBrown Advisory International Value Select ETF
Verdicts genuinely change. Free email alert the moment BAIV'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.
Brown Advisory International Value Select ETF · ADVISORS' INNER CIRCLE III
56 holdings · as of 2026-06-30 (3.9 months ago) The fund may have traded since. SEC Form N-PORT is filed quarterly and lags the period it covers, so these are the most recent holdings on file, not the fund’s holdings today.
NON-COMPLIANT 62.35% of portfolio weight is in non-compliant holdings, over the 5% threshold.
56 holdings, 46 matched (86% of weight). Portfolio as of 2026-06-30, filed 2026-08-28. Source: SEC Form N-PORT.
2.79% of this portfolio’s income is non-permissible — weighted across holdings, computed over 74% of portfolio weight (39 of 56 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.
23.1% compliant 0.0% questionable 62.3% non-compliant 14.1% unscreened
All holdings (56)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| ICLR ICON PUBLIC LIMITED COMPANY | COMPLIANT | 4.89% | AAOIFI17.7% Usmani13.7% Dow Jones Islamic16.8% S&P Shariah13.2% MSCI Islamic13.7% MSCI Islamic M-Series13.2% FTSE Shariah12.9% |
| MICC The Magnum Ice Cream Company N.V. | NON_COMPLIANT | 3.63% | AAOIFI0.0% Usmani0.0% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic0.0% MSCI Islamic M-Seriespass FTSE Shariah0.0% |
| BNR.DE Brenntag SE | NON_COMPLIANT | 3.13% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| SNY SANOFI SA | COMPLIANT | 2.68% | AAOIFI20.8% Usmani14.7% Dow Jones Islamic38.1% S&P Shariah38.6% MSCI Islamic14.7% MSCI Islamic M-Series38.6% FTSE Shariah14.7% |
| BATS.L BRITISH AMERICAN TOBACCO P.L.C. | NON_COMPLIANT | 2.59% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| EDEN.PA EDENRED SE | NON_COMPLIANT | 2.55% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AIB GROUP PUBLIC LIMITED COMPANY | UNSCREENED | 2.32% | no in-house ratios for this holding |
| DCC PUBLIC LIMITED COMPANY | UNSCREENED | 2.27% | no in-house ratios for this holding |
| FME.DE Fresenius Medical Care AG | NON_COMPLIANT | 2.13% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BARC.L BARCLAYS PLC | NON_COMPLIANT | 2.08% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Richter Gedeon Vegyeszeti Gyar Nyilvanosan Mukodo Rt. | UNSCREENED | 2.08% | no in-house ratios for this holding |
| 2670.T ABC-MART,INC. | NON_COMPLIANT | 2.05% | AAOIFIfail Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| CSL.AX CSL LIMITED | COMPLIANT | 2.03% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| SW.PA SODEXO SA | NON_COMPLIANT | 2.01% | AAOIFI64.9% Usmani40.9% Dow Jones Islamic— S&P Shariah— MSCI Islamic36.5% MSCI Islamic M-Series— FTSE Shariah36.5% |
| ADEN.SW Adecco Group AG | NON_COMPLIANT | 2.00% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| PNDORA.CO Pandora A/S | COMPLIANT | 1.98% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| ABF.L ASSOCIATED BRITISH FOODS PLC | COMPLIANT | 1.96% | AAOIFIpass Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| NICE.TA NICE LTD | COMPLIANT | 1.94% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 8309.T Sumitomo Mitsui Trust Group, Inc. | NON_COMPLIANT | 1.93% | AAOIFI368.3% Usmani22.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic22.1% MSCI Islamic M-Seriesfail FTSE Shariah22.1% |
| PRX.AS Prosus N.V. | NON_COMPLIANT | 1.90% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| RBI.VI Raiffeisen Bank International AG | NON_COMPLIANT | 1.85% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| WKL.AS Wolters Kluwer N.V. | NON_COMPLIANT | 1.84% | AAOIFIfail Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| FDJU.PA FDJ UNITED | NON_COMPLIANT | 1.81% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| RAND.AS Randstad N.V. | COMPLIANT | 1.80% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 9989.T SUNDRUG CO.,LTD. | COMPLIANT | 1.80% | AAOIFI11.2% Usmani10.1% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic10.1% MSCI Islamic M-Seriespass FTSE Shariah10.1% |
| 4324.T DENTSU GROUP INC. | NON_COMPLIANT | 1.80% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BNP.PA BNP PARIBAS SA | NON_COMPLIANT | 1.79% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| GFC.PA GECINA SA | NON_COMPLIANT | 1.74% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| LAND.L LAND SECURITIES GROUP PLC | NON_COMPLIANT | 1.74% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| PRUDENTIAL PUBLIC LIMITED COMPANY | UNSCREENED | 1.73% | no in-house ratios for this holding |
| WPP.L WPP PLC | NON_COMPLIANT | 1.66% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| AD.AS Koninklijke Ahold Delhaize N.V. | NON_COMPLIANT | 1.64% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| REP.MC Repsol, S.A. | NON_COMPLIANT | 1.64% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| ABN.AS ABN AMRO Bank N.V. | NON_COMPLIANT | 1.59% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BRITISH LAND COMPANY PUBLIC LIMITED COMPANY(THE) | UNSCREENED | 1.50% | no in-house ratios for this holding |
| 6690.HK Haier Smart Home Co., Ltd. | COMPLIANT | 1.50% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 7182.T JAPAN POST BANK Co.,Ltd. | NON_COMPLIANT | 1.48% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| RI.PA PERNOD RICARD SA | NON_COMPLIANT | 1.47% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| EVK.DE Evonik Industries AG | NON_COMPLIANT | 1.46% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| IMB.L IMPERIAL BRANDS PLC | NON_COMPLIANT | 1.43% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| DASSAULT SYSTEMES SE | UNSCREENED | 1.43% | no in-house ratios for this holding |
| SAN.MC Banco Santander, S.A. | NON_COMPLIANT | 1.42% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BMW.DE Bayerische Motoren Werke Aktiengesellschaft | NON_COMPLIANT | 1.40% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 7272.T Yamaha Motor Co., Ltd. | NON_COMPLIANT | 1.39% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CON.DE Continental Aktiengesellschaft | NON_COMPLIANT | 1.38% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BANK OF IRELAND GROUP PUBLIC LIMITED COMPANY | UNSCREENED | 1.37% | no in-house ratios for this holding |
| Petroleo Brasileiro S.A. (Petrobras) | UNSCREENED | 1.36% | no in-house ratios for this holding |
| BRBY.L BURBERRY GROUP PLC | NON_COMPLIANT | 1.32% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TW.L TAYLOR WIMPEY PLC | COMPLIANT | 1.30% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| BAS.DE BASF SE | NON_COMPLIANT | 1.23% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 1878.T DAITO TRUST CONSTRUCTION CO.,LTD. | COMPLIANT | 1.19% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 8725.T MS&AD Insurance Group Holdings, Inc. | NON_COMPLIANT | 1.11% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| RNO.PA RENAULT SA | NON_COMPLIANT | 1.10% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 8630.T Sompo Holdings, Inc. | NON_COMPLIANT | 1.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BROWN BROTHERS HARRIMAN & CO. | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BROWN BROTHERS HARRIMAN & CO. | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 13 points of portfolio weight — 37.2% of it passes FTSE Shariah, 24.1% passes Dow Jones 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 26.7% ratios fail on 58.7% 14.1% not rated under AAOIFI
ratios pass on 28.9% ratios fail on 56.5% 14.1% not rated under Usmani
ratios pass on 24.1% ratios fail on 59.3% 16.1% not rated under Dow Jones Islamic
ratios pass on 24.1% ratios fail on 59.3% 16.1% not rated under S&P Shariah
ratios pass on 31.8% ratios fail on 53.6% 14.1% not rated under MSCI Islamic
ratios pass on 24.1% ratios fail on 59.3% 16.1% not rated under MSCI Islamic M-Series
ratios pass on 37.2% ratios fail on 48.2% 14.1% not rated under FTSE Shariah
46 of 56 listed holdings carry our own per-methodology verdicts (85% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 6 (17% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| MICC The Magnum Ice Cream Company N.V. | 3.63% |
| BNR.DE Brenntag SE | 3.13% |
| BATS.L BRITISH AMERICAN TOBACCO P.L.C. | 2.59% |
| EDEN.PA EDENRED SE | 2.55% |
| FME.DE Fresenius Medical Care AG | 2.13% |
| BARC.L BARCLAYS PLC | 2.08% |
| 2670.T ABC-MART,INC. | 2.05% |
| SW.PA SODEXO SA | 2.01% |
| ADEN.SW Adecco Group AG | 2.00% |
| 8309.T Sumitomo Mitsui Trust Group, Inc. | 1.93% |
Methodology breakdown computing — it will appear here on its own.
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Why this signal?
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
Brown Advisory International Value Select ETF (BAIV) 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.
🕌 In-house Compliance Research
Computing the full ratio and business-activity breakdown for BAIV — this runs off the critical path so the page paints first. It will appear here on its own.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
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) | 58.30 | NEUTRAL |
| Stochastic %K (14) | 91.62 | SELL |
| CCI (20) | 74.70 | NEUTRAL |
| Williams %R (14) | -8.38 | SELL |
| MACD (12,26,9) | 0.08 | BUY |
| ROC (10) | 2.70 | BUY |
| Momentum (10) | 0.75 | BUY |
| EMA (10) | 28.41 | BUY |
| SMA (10) | 28.49 | BUY |
| EMA (20) | 28.27 | BUY |
| SMA (20) | 28.01 | BUY |
| EMA (30) | 28.22 | BUY |
| SMA (30) | 28.04 | BUY |
| EMA (50) | 28.10 | BUY |
| SMA (50) | 28.37 | BUY |
| EMA (100) | 27.47 | BUY |
| SMA (100) | 27.63 | BUY |
| EMA (200) | 26.36 | BUY |
About Brown Advisory International Value Select ETF
Under normal circumstances, the fund invests at least 80% of the value of its net assets in equity securities of companies outside the United States in both developed and emerging markets countries, including non-U.S. dollar-denominated securities, or if market conditions are not favorable, at least 70% of its assets outside the United States, and hold securities of issuers located in at least three countries (not including the United States).
Background via Yahoo Finance — informational, not part of the verdict.
Good setup, solid confluence
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.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BEARISH | 42 |
| ⏱ 15-Min | BULLISH | 50 |
| ⏲ 5-Min | BEARISH | 152 |
Momentum & Volume
Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.
Peer Movement
How the rest of the sector moved over the same window. Context for a price move, never a cause of one.
Peer movement computing — it will appear here on its own.
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.
Insider Activity (90d)
Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.
NO DATA 0 buys · 0 sells
COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE
The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.
NEUTRAL report date 2026-10-20 · Asset managers net 901377 (-14458)
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.