Verdicts genuinely change. Free email alert the moment BCFN'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.
Baron Financials ETF ETF · Baron ETF Trust
42 holdings · as of 2026-06-30 (3.6 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 55.81% of portfolio weight is in non-compliant holdings, over the 5% threshold.
42 holdings, 39 matched (92% of weight). Portfolio as of 2026-06-30, filed 2026-08-28. Source: SEC Form N-PORT.
5.14% of this portfolio’s income is non-permissible — weighted across holdings, computed over 73% of portfolio weight (34 of 42 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.
32.1% compliant 3.3% questionable 55.8% non-compliant 8.5% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| V Visa Inc | COMPLIANT | 5.95% | AAOIFI3.5% Usmani25.2% Dow Jones Islamic15.5% S&P Shariah16.7% MSCI Islamic25.2% MSCI Islamic M-Series16.7% FTSE Shariah25.2% |
| MA Mastercard Inc | COMPLIANT | 5.57% | AAOIFI4.9% Usmani42.7% Dow Jones Islamic37.5% S&P Shariah40.1% MSCI Islamic42.7% MSCI Islamic M-Series40.1% FTSE Shariah42.7% |
| BAC Bank of America Corp | NON_COMPLIANT | 4.88% | AAOIFI77.5% Usmani9.7% Dow Jones Islamic95.9% S&P Shariah105.7% MSCI Islamic9.7% MSCI Islamic M-Series105.7% FTSE Shariah9.7% |
| IBKR Interactive Brokers Group Inc | NON_COMPLIANT | 4.47% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| MS Morgan Stanley | NON_COMPLIANT | 4.29% | AAOIFI115.6% Usmani23.4% Dow Jones Islamic161.6% S&P Shariah189.1% MSCI Islamic23.4% MSCI Islamic M-Series189.1% FTSE Shariah23.4% |
| SCHW Charles Schwab Corp/The | NON_COMPLIANT | 4.14% | AAOIFI14.6% Usmani5.3% Dow Jones Islamic18.7% S&P Shariah22.0% MSCI Islamic5.3% MSCI Islamic M-Series22.0% FTSE Shariah5.3% |
| SPGI S&P Global Inc | COMPLIANT | 4.02% | AAOIFI10.6% Usmani22.9% Dow Jones Islamic9.4% S&P Shariah9.8% MSCI Islamic22.9% MSCI Islamic M-Series9.8% FTSE Shariah21.9% |
| JPM JPMorgan Chase & Co | NON_COMPLIANT | 3.76% | AAOIFI7.7% Usmani1.4% Dow Jones Islamic9.5% S&P Shariah10.7% MSCI Islamic1.4% MSCI Islamic M-Series10.7% FTSE Shariah1.4% |
| Moody's Corp | UNSCREENED | 3.68% | no in-house ratios for this holding |
| MSCI MSCI Inc | COMPLIANT | 3.59% | AAOIFI15.7% Usmani116.8% Dow Jones Islamic15.3% S&P Shariah15.6% MSCI Islamic116.8% MSCI Islamic M-Series15.6% FTSE Shariah113.9% |
| LPLA LPL Financial Holdings Inc | NON_COMPLIANT | 3.36% | AAOIFI27.1% Usmani37.7% Dow Jones Islamic28.8% S&P Shariah32.0% MSCI Islamic37.7% MSCI Islamic M-Series32.0% FTSE Shariah37.7% |
| KKR KKR & Co Inc | NON_COMPLIANT | 3.32% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| MELI MercadoLibre Inc | COMPLIANT | 3.09% | AAOIFI20.1% Usmani38.5% Dow Jones Islamic19.0% S&P Shariah20.6% MSCI Islamic38.3% MSCI Islamic M-Series20.6% FTSE Shariah33.3% |
| APO Apollo Global Management Inc | NON_COMPLIANT | 3.04% | AAOIFI17.4% Usmani2.8% Dow Jones Islamic17.8% S&P Shariah19.6% MSCI Islamic2.8% MSCI Islamic M-Series19.6% FTSE Shariah2.8% |
| TW Tradeweb Markets Inc | COMPLIANT | 2.92% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| NU Holdings Ltd/Cayman Islands | UNSCREENED | 2.83% | no in-house ratios for this holding |
| BLK Blackrock Inc | NON_COMPLIANT | 2.82% | AAOIFI7.0% Usmani7.2% Dow Jones Islamic8.1% S&P Shariah8.9% MSCI Islamic7.2% MSCI Islamic M-Series8.9% FTSE Shariah7.2% |
| COF Capital One Financial Corp | NON_COMPLIANT | 2.58% | AAOIFI38.5% Usmani7.6% Dow Jones Islamic49.3% S&P Shariah60.5% MSCI Islamic7.6% MSCI Islamic M-Series60.5% FTSE Shariah7.6% |
| CME CME Group Inc | NON_COMPLIANT | 2.55% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| VRSK Verisk Analytics Inc | QUESTIONABLE | 2.22% | AAOIFI18.2% Usmani101.0% Dow Jones Islamic13.7% S&P Shariah13.5% MSCI Islamic100.6% MSCI Islamic M-Series13.5% FTSE Shariah97.3% |
| HLI Houlihan Lokey Inc | NON_COMPLIANT | 2.12% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| ACGL Arch Capital Group Ltd | NON_COMPLIANT | 2.10% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| AXP American Express Co | NON_COMPLIANT | 1.98% | AAOIFI26.8% Usmani19.2% Dow Jones Islamic27.4% S&P Shariah30.8% MSCI Islamic19.2% MSCI Islamic M-Series30.8% FTSE Shariah19.2% |
| AerCap Holdings NV | UNSCREENED | 1.96% | no in-house ratios for this holding |
| WISE.L Wise Group PLC | NON_COMPLIANT | 1.77% | AAOIFI3.8% Usmani1.9% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic1.5% MSCI Islamic M-Seriesfail FTSE Shariah1.5% |
| HOOD Robinhood Markets Inc | NON_COMPLIANT | 1.63% | AAOIFI0.2% Usmani0.4% Dow Jones Islamic0.3% S&P Shariah0.4% MSCI Islamic0.4% MSCI Islamic M-Series0.4% FTSE Shariah0.0% |
| SHOP Shopify Inc | COMPLIANT | 1.49% | AAOIFI0.1% Usmani1.2% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic1.2% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| JKHY Jack Henry & Associates Inc | COMPLIANT | 1.48% | AAOIFI1.1% Usmani4.1% Dow Jones Islamic1.1% S&P Shariah1.1% MSCI Islamic4.1% MSCI Islamic M-Series1.1% FTSE Shariah2.9% |
| PRI Primerica Inc | NON_COMPLIANT | 1.40% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| PGR Progressive Corp/The | NON_COMPLIANT | 1.40% | AAOIFI6.5% Usmani6.7% Dow Jones Islamic6.3% S&P Shariah6.9% MSCI Islamic6.7% MSCI Islamic M-Series6.9% FTSE Shariah6.7% |
| TRU TransUnion | NON_COMPLIANT | 1.20% | AAOIFI38.2% Usmani47.2% Dow Jones Islamic34.6% S&P Shariah36.4% MSCI Islamic47.2% MSCI Islamic M-Series36.4% FTSE Shariah46.5% |
| GWRE Guidewire Software Inc | QUESTIONABLE | 1.07% | AAOIFI3.2% Usmani16.9% Dow Jones Islamic2.8% S&P Shariah3.2% MSCI Islamic16.9% MSCI Islamic M-Series3.2% FTSE Shariah15.5% |
| XYZ Block Inc | NON_COMPLIANT | 1.04% | AAOIFI12.2% Usmani15.3% Dow Jones Islamic14.3% S&P Shariah14.7% MSCI Islamic15.3% MSCI Islamic M-Series14.7% FTSE Shariah14.6% |
| FICO Fair Isaac Corp | COMPLIANT | 1.04% | AAOIFI27.8% Usmani274.8% Dow Jones Islamic14.4% S&P Shariah15.5% MSCI Islamic274.8% MSCI Islamic M-Series15.5% FTSE Shariah274.0% |
| EFX Equifax Inc | COMPLIANT | 0.92% | AAOIFI27.1% Usmani45.6% Dow Jones Islamic19.8% S&P Shariah19.6% MSCI Islamic45.6% MSCI Islamic M-Series19.6% FTSE Shariah45.6% |
| TWFG TWFG Inc | COMPLIANT | 0.84% | AAOIFI0.5% Usmani2.1% Dow Jones Islamic2.1% S&P Shariahpass MSCI Islamic2.1% MSCI Islamic M-Seriesfail FTSE Shariah0.8% |
| LCLN Lincoln International Inc | NON_COMPLIANT | 0.77% | AAOIFI3.7% Usmani10.2% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.2% MSCI Islamic M-Seriesfail FTSE Shariah10.2% |
| KNSL Kinsale Capital Group Inc | NON_COMPLIANT | 0.70% | AAOIFI2.6% Usmani3.5% Dow Jones Islamic2.3% S&P Shariah2.3% MSCI Islamic3.5% MSCI Islamic M-Series2.3% FTSE Shariah3.5% |
| BWIN Baldwin Insurance Group Inc/The | COMPLIANT | 0.56% | AAOIFI2.7% Usmani1.8% Dow Jones Islamic10.0% S&P Shariah10.5% MSCI Islamic1.8% MSCI Islamic M-Series10.5% FTSE Shariah0.3% |
| 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% |
| TTAN ServiceTitan Inc | COMPLIANT | 0.40% | AAOIFI2.7% Usmani8.5% Dow Jones Islamic1.7% S&P Shariahpass MSCI Islamic8.5% MSCI Islamic M-Seriespass FTSE Shariah5.8% |
| INTU Intuit Inc | COMPLIANT | 0.28% | AAOIFI9.9% Usmani22.9% Dow Jones Islamic5.4% S&P Shariah5.3% MSCI Islamic22.9% MSCI Islamic M-Series5.3% FTSE Shariah20.8% |
The published standards disagree about this fund by 26 points of portfolio weight — 40.7% of it passes AAOIFI, 14.8% passes Usmani. 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 40.7% ratios fail on 48.0% 11.0% not rated under AAOIFI
ratios pass on 14.8% ratios fail on 50.4% 34.6% not rated under Usmani
ratios pass on 33.7% ratios fail on 55.0% 11.0% not rated under Dow Jones Islamic
ratios pass on 34.6% ratios fail on 54.1% 11.0% not rated under S&P Shariah
ratios pass on 20.9% ratios fail on 51.4% 27.4% not rated under MSCI Islamic
ratios pass on 33.7% ratios fail on 55.0% 11.0% not rated under MSCI Islamic M-Series
ratios pass on 21.9% ratios fail on 50.4% 27.4% not rated under FTSE Shariah
39 of 42 listed holdings carry our own per-methodology verdicts (91% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 38 (89% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| BAC Bank of America Corp | 4.88% |
| IBKR Interactive Brokers Group Inc | 4.47% |
| MS Morgan Stanley | 4.29% |
| SCHW Charles Schwab Corp/The | 4.14% |
| JPM JPMorgan Chase & Co | 3.76% |
| LPLA LPL Financial Holdings Inc | 3.36% |
| KKR KKR & Co Inc | 3.32% |
| APO Apollo Global Management Inc | 3.04% |
| BLK Blackrock Inc | 2.82% |
| COF Capital One Financial Corp | 2.58% |
Methodology breakdown computing — it will appear here on its own.
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
Baron Financials ETF (BCFN) 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.
Computing the full ratio and business-activity breakdown for BCFN — 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.
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.
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.
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 49.80 | NEUTRAL |
| Stochastic %K (14) | 73.00 | NEUTRAL |
| CCI (20) | 87.46 | NEUTRAL |
| Williams %R (14) | -27.00 | NEUTRAL |
| MACD (12,26,9) | 0.11 | BUY |
| ROC (10) | 3.78 | BUY |
| Momentum (10) | 0.81 | BUY |
| EMA (10) | 22.10 | BUY |
| SMA (10) | 22.09 | BUY |
| EMA (20) | 22.12 | BUY |
| SMA (20) | 21.90 | BUY |
| EMA (30) | 22.22 | SELL |
| SMA (30) | 22.17 | BUY |
| EMA (50) | 22.34 | SELL |
| SMA (50) | 22.69 | SELL |
| EMA (100) | 22.40 | SELL |
| SMA (100) | 22.30 | SELL |
| EMA (200) | 22.37 | SELL |
| SMA (200) | 22.25 | SELL |
Under normal circumstances, the fund invests at least 80% of its net assets in securities of companies that develop, use, or rely on innovative technologies or services, in a significant way, for banking, lending, capital markets, financial data analytics, insurance, payments, asset management, or wealth management. It may purchase securities of companies of any market capitalization and may invest in foreign stocks, including emerging market securities.
Background via Yahoo Finance — informational, not part of the verdict.
Weak — low conviction, small size or skip
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 | BULLISH | 43 |
| ⏱ 15-Min | NEUTRAL | 24 |
| ⏲ 5-Min | BULLISH | 74 |
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.
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.
The questions worth asking about any verdict on this page, answered plainly.
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.
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.
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.
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.
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 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
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 2026-10-13 · Asset managers net 915835 (+9220)
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.