Verdicts genuinely change. Free email alert the moment BCSM'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 SMID Cap ETF ETF · Baron ETF Trust
56 holdings · as of 2026-06-30 (3.7 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 25.46% of portfolio weight is in non-compliant holdings, over the 5% threshold.
56 holdings, 52 matched (93% of weight). Portfolio as of 2026-06-30, filed 2026-08-28. Source: SEC Form N-PORT.
1.63% of this portfolio’s income is non-permissible — weighted across holdings, computed over 84% of portfolio weight (46 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.
58.8% compliant 6.1% questionable 25.5% non-compliant 6.8% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| AXON Axon Enterprise Inc | COMPLIANT | 4.24% | AAOIFI4.4% Usmani24.5% Dow Jones Islamic4.0% S&P Shariah4.9% MSCI Islamic24.5% MSCI Islamic M-Series4.9% FTSE Shariah23.1% |
| RBRK Rubrik Inc | COMPLIANT | 3.24% | AAOIFI5.9% Usmani40.4% Dow Jones Islamic8.1% S&P Shariahpass MSCI Islamic40.4% MSCI Islamic M-Seriespass FTSE Shariah39.8% |
| LOAR Loar Holdings Inc | COMPLIANT | 3.12% | AAOIFI15.1% Usmani41.5% Dow Jones Islamic14.0% S&P Shariahpass MSCI Islamic41.3% MSCI Islamic M-Seriespass FTSE Shariah40.8% |
| COHR Coherent Corp | COMPLIANT | 2.84% | AAOIFI6.0% Usmani19.3% Dow Jones Islamic12.1% S&P Shariah15.9% MSCI Islamic19.3% MSCI Islamic M-Series15.9% FTSE Shariah17.6% |
| IOT Samsara Inc | COMPLIANT | 2.81% | AAOIFI0.3% Usmani2.5% Dow Jones Islamic0.3% S&P Shariah0.3% MSCI Islamic2.5% MSCI Islamic M-Series0.3% FTSE Shariah0.0% |
| FPS Forgent Power Solutions Inc | COMPLIANT | 2.70% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| NPO Enpro Inc | COMPLIANT | 2.66% | AAOIFI9.2% Usmani22.1% Dow Jones Islamic12.5% S&P Shariah14.2% MSCI Islamic22.1% MSCI Islamic M-Series14.2% FTSE Shariah21.6% |
| DT Dynatrace Inc | COMPLIANT | 2.61% | AAOIFI1.1% Usmani3.9% Dow Jones Islamic1.1% S&P Shariah1.1% MSCI Islamic3.9% MSCI Islamic M-Series1.1% FTSE Shariah0.0% |
| DDOG Datadog Inc | NON_COMPLIANT | 2.55% | AAOIFI1.7% Usmani16.9% Dow Jones Islamic2.4% S&P Shariah2.6% MSCI Islamic16.9% MSCI Islamic M-Series2.6% FTSE Shariah13.1% |
| Mercury Systems Inc | UNSCREENED | 2.52% | no in-house ratios for this holding |
| LSCC Lattice Semiconductor Corp | COMPLIANT | 2.38% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| Liberty Media Corp-Liberty Formula One | UNSCREENED | 2.35% | no in-house ratios for this holding |
| GWRE Guidewire Software Inc | QUESTIONABLE | 2.28% | AAOIFI3.2% Usmani16.9% Dow Jones Islamic2.8% S&P Shariah3.2% MSCI Islamic16.9% MSCI Islamic M-Series3.2% FTSE Shariah15.5% |
| LLYVA Liberty Live Holdings Inc | QUESTIONABLE | 2.27% | AAOIFI18.2% Usmani211.3% Dow Jones Islamic20.5% S&P Shariah25.1% MSCI Islamic211.3% MSCI Islamic M-Series25.1% FTSE Shariah211.3% |
| ARGX Argenx SE | COMPLIANT | 2.23% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| EW Edwards Lifesciences Corp | COMPLIANT | 2.11% | AAOIFI1.4% Usmani5.1% Dow Jones Islamic1.5% S&P Shariah1.5% MSCI Islamic5.1% MSCI Islamic M-Series1.5% FTSE Shariah4.3% |
| WYNN Wynn Resorts Ltd | NON_COMPLIANT | 1.98% | AAOIFI118.1% Usmani93.8% Dow Jones Islamic116.9% S&P Shariah118.6% MSCI Islamic93.8% MSCI Islamic M-Series118.6% FTSE Shariah81.5% |
| RGEN Repligen Corp | COMPLIANT | 1.92% | AAOIFI7.3% Usmani23.4% Dow Jones Islamic8.8% S&P Shariah8.4% MSCI Islamic23.4% MSCI Islamic M-Series8.4% FTSE Shariah18.7% |
| WCN Waste Connections Inc | COMPLIANT | 1.90% | AAOIFI16.4% Usmani44.9% Dow Jones Islamic21.4% S&P Shariah22.2% MSCI Islamic44.9% MSCI Islamic M-Series22.2% FTSE Shariah43.4% |
| RACE.MI Ferrari NV | COMPLIANT | 1.89% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| HLT Hilton Worldwide Holdings Inc | NON_COMPLIANT | 1.86% | AAOIFI20.0% Usmani82.8% Dow Jones Islamic21.8% S&P Shariah23.8% MSCI Islamic82.8% MSCI Islamic M-Series23.8% FTSE Shariah78.8% |
| MSCI MSCI Inc | COMPLIANT | 1.85% | AAOIFI15.7% Usmani116.8% Dow Jones Islamic15.3% S&P Shariah15.6% MSCI Islamic116.8% MSCI Islamic M-Series15.6% FTSE Shariah113.9% |
| WMS Advanced Drainage Systems Inc | COMPLIANT | 1.83% | AAOIFI16.0% Usmani40.8% Dow Jones Islamic16.1% S&P Shariah15.7% MSCI Islamic37.4% MSCI Islamic M-Series15.7% FTSE Shariah35.8% |
| NTRA Natera Inc | COMPLIANT | 1.75% | AAOIFI0.5% Usmani9.0% Dow Jones Islamic0.9% S&P Shariah1.2% MSCI Islamic9.0% MSCI Islamic M-Series1.2% FTSE Shariah3.0% |
| LPLA LPL Financial Holdings Inc | NON_COMPLIANT | 1.74% | AAOIFI27.1% Usmani37.7% Dow Jones Islamic28.8% S&P Shariah32.0% MSCI Islamic37.7% MSCI Islamic M-Series32.0% FTSE Shariah37.7% |
| ELAN Elanco Animal Health Inc | NON_COMPLIANT | 1.71% | AAOIFI31.2% Usmani27.5% Dow Jones Islamic41.7% S&P Shariah45.2% MSCI Islamic27.5% MSCI Islamic M-Series45.2% FTSE Shariah27.5% |
| VMC Vulcan Materials Co | COMPLIANT | 1.70% | AAOIFI14.1% Usmani30.1% Dow Jones Islamic13.9% S&P Shariah14.6% MSCI Islamic30.1% MSCI Islamic M-Series14.6% FTSE Shariah26.6% |
| SITE SiteOne Landscape Supply Inc | COMPLIANT | 1.69% | AAOIFI22.8% Usmani32.8% Dow Jones Islamic17.3% S&P Shariah16.3% MSCI Islamic28.9% MSCI Islamic M-Series16.3% FTSE Shariah15.5% |
| RDDT Reddit Inc | QUESTIONABLE | 1.59% | AAOIFI0.1% Usmani0.6% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.6% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| NTSK Netskope Inc | COMPLIANT | 1.58% | AAOIFI12.9% Usmani42.8% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic42.8% MSCI Islamic M-Seriespass FTSE Shariah40.8% |
| STVN Stevanato Group SpA | COMPLIANT | 1.51% | AAOIFI8.2% Usmani17.9% Dow Jones Islamic8.6% S&P Shariah8.0% MSCI Islamic17.9% MSCI Islamic M-Series8.0% FTSE Shariah17.9% |
| ARXS Arxis Inc | NON_COMPLIANT | 1.49% | AAOIFI8.3% Usmani25.5% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic25.5% MSCI Islamic M-Seriespass FTSE Shariah24.5% |
| ROL Rollins Inc | COMPLIANT | 1.46% | AAOIFI6.5% Usmani33.2% Dow Jones Islamic4.4% S&P Shariah4.7% MSCI Islamic33.2% MSCI Islamic M-Series4.7% FTSE Shariah21.0% |
| VIK Viking Holdings Ltd | NON_COMPLIANT | 1.41% | AAOIFI14.8% Usmani46.3% Dow Jones Islamic20.6% S&P Shariahpass MSCI Islamic46.3% MSCI Islamic M-Seriespass FTSE Shariah46.3% |
| WAY Waystar Holding Corp | NON_COMPLIANT | 1.40% | AAOIFI36.9% Usmani25.2% Dow Jones Islamic26.1% S&P Shariah— MSCI Islamic25.2% MSCI Islamic M-Series— FTSE Shariah25.0% |
| CMG Chipotle Mexican Grill Inc | NON_COMPLIANT | 1.40% | AAOIFI14.3% Usmani61.1% Dow Jones Islamic9.4% S&P Shariah8.6% MSCI Islamic61.1% MSCI Islamic M-Series8.6% FTSE Shariah0.0% |
| HLNE Hamilton Lane Inc | NON_COMPLIANT | 1.40% | AAOIFI5.8% Usmani10.8% Dow Jones Islamic3.9% S&P Shariah4.0% MSCI Islamic10.8% MSCI Islamic M-Series4.0% FTSE Shariah10.8% |
| KRMN Karman Holdings Inc | NON_COMPLIANT | 1.39% | AAOIFI0.5% Usmani8.6% Dow Jones Islamic0.3% S&P Shariahpass MSCI Islamic1.5% MSCI Islamic M-Seriespass FTSE Shariah0.4% |
| WING Wingstop Inc | NON_COMPLIANT | 1.37% | AAOIFI41.6% Usmani193.4% Dow Jones Islamic17.4% S&P Shariah16.3% MSCI Islamic193.4% MSCI Islamic M-Series16.3% FTSE Shariah184.0% |
| DKNG DraftKings Inc | NON_COMPLIANT | 1.28% | AAOIFI11.2% Usmani31.4% Dow Jones Islamic7.9% S&P Shariah7.7% MSCI Islamic31.4% MSCI Islamic M-Series7.7% FTSE Shariah29.5% |
| HTFL HeartFlow Inc | COMPLIANT | 1.25% | AAOIFI0.6% Usmani7.9% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic7.9% MSCI Islamic M-Seriespass FTSE Shariah0.0% |
| TW Tradeweb Markets Inc | COMPLIANT | 1.24% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| AME AMETEK Inc | COMPLIANT | 1.23% | AAOIFI4.2% Usmani13.9% Dow Jones Islamic5.1% S&P Shariah5.4% MSCI Islamic13.9% MSCI Islamic M-Series5.4% FTSE Shariah12.3% |
| ILMN Illumina Inc | COMPLIANT | 1.22% | AAOIFI1.6% Usmani8.1% Dow Jones Islamic2.7% S&P Shariah2.7% MSCI Islamic8.1% MSCI Islamic M-Series2.7% FTSE Shariah0.0% |
| TEM Tempus AI Inc | COMPLIANT | 1.21% | AAOIFI0.7% Usmani3.5% Dow Jones Islamic0.8% S&P Shariahpass MSCI Islamic3.5% MSCI Islamic M-Seriespass FTSE Shariah0.0% |
| MPWR Monolithic Power Systems Inc | COMPLIANT | 1.20% | AAOIFI0.0% Usmani0.4% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.4% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| SHAK Shake Shack Inc | NON_COMPLIANT | 1.11% | AAOIFI31.6% Usmani48.8% Dow Jones Islamic22.3% S&P Shariah23.6% MSCI Islamic48.1% MSCI Islamic M-Series23.6% FTSE Shariah12.7% |
| BWX Technologies Inc | UNSCREENED | 1.05% | no in-house ratios for this holding |
| TDG TransDigm Group Inc | NON_COMPLIANT | 1.03% | AAOIFI51.2% Usmani123.0% Dow Jones Islamic45.8% S&P Shariah49.7% MSCI Islamic123.0% MSCI Islamic M-Series49.7% FTSE Shariah123.0% |
| MP MP Materials Corp | NON_COMPLIANT | 0.96% | AAOIFI13.4% Usmani25.6% Dow Jones Islamic11.8% S&P Shariah15.2% MSCI Islamic25.6% MSCI Islamic M-Series15.2% FTSE Shariah25.1% |
| Teva Pharmaceutical Industries Ltd | UNSCREENED | 0.92% | no in-house ratios for this holding |
| CHDN Churchill Downs Inc | NON_COMPLIANT | 0.89% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CBRS Cerebras Systems Inc | COMPLIANT | 0.64% | AAOIFI4.0% Usmani12.8% Dow Jones Islamic— S&P Shariah— MSCI Islamic12.8% MSCI Islamic M-Series— FTSE Shariah7.9% |
| KTOS Kratos Defense & Security Solutions Inc | COMPLIANT | 0.60% | AAOIFI0.6% Usmani4.7% Dow Jones Islamic0.6% S&P Shariah0.8% MSCI Islamic1.3% MSCI Islamic M-Series0.8% FTSE Shariah0.0% |
| XE X-Energy Inc | NON_COMPLIANT | 0.48% | AAOIFI0.4% Usmani1.2% Dow Jones Islamic— S&P Shariah— MSCI Islamic1.2% MSCI Islamic M-Series— FTSE Shariah0.0% |
| FICO Fair Isaac Corp | COMPLIANT | 0.20% | AAOIFI27.8% Usmani274.8% Dow Jones Islamic14.4% S&P Shariah15.5% MSCI Islamic274.8% MSCI Islamic M-Series15.5% FTSE Shariah274.0% |
The published standards disagree about this fund by 36 points of portfolio weight — 68.3% of it passes Dow Jones Islamic, 32.3% 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 67.4% ratios fail on 15.6% 14.3% not rated under AAOIFI
ratios pass on 39.1% ratios fail on 38.1% 20.0% not rated under Usmani
ratios pass on 68.3% ratios fail on 11.2% 17.7% not rated under Dow Jones Islamic
ratios pass on 68.3% ratios fail on 11.2% 17.7% not rated under S&P Shariah
ratios pass on 32.3% ratios fail on 46.1% 18.9% not rated under MSCI Islamic
ratios pass on 68.3% ratios fail on 11.2% 17.7% not rated under MSCI Islamic M-Series
ratios pass on 44.2% ratios fail on 34.2% 18.9% not rated under FTSE Shariah
52 of 56 listed holdings carry our own per-methodology verdicts (90% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 47 (80% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| DDOG Datadog Inc | 2.55% |
| WYNN Wynn Resorts Ltd | 1.98% |
| HLT Hilton Worldwide Holdings Inc | 1.86% |
| LPLA LPL Financial Holdings Inc | 1.74% |
| ELAN Elanco Animal Health Inc | 1.71% |
| ARXS Arxis Inc | 1.49% |
| VIK Viking Holdings Ltd | 1.41% |
| WAY Waystar Holding Corp | 1.40% |
| CMG Chipotle Mexican Grill Inc | 1.40% |
| HLNE Hamilton Lane Inc | 1.40% |
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 SMID Cap ETF (BCSM) 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 BCSM — 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) | 50.10 | NEUTRAL |
| Stochastic %K (14) | 50.08 | NEUTRAL |
| CCI (20) | 14.67 | NEUTRAL |
| Williams %R (14) | -49.92 | NEUTRAL |
| MACD (12,26,9) | -0.01 | SELL |
| ROC (10) | -1.64 | SELL |
| Momentum (10) | -0.41 | SELL |
| EMA (10) | 24.37 | BUY |
| SMA (10) | 24.39 | BUY |
| EMA (20) | 24.44 | BUY |
| SMA (20) | 24.46 | BUY |
| EMA (30) | 24.50 | SELL |
| SMA (30) | 24.38 | BUY |
| EMA (50) | 24.55 | SELL |
| SMA (50) | 24.83 | SELL |
| EMA (100) | 24.44 | BUY |
| SMA (100) | 24.59 | SELL |
| EMA (200) | 23.96 | BUY |
| SMA (200) | 23.89 | BUY |
The fund is a diversified fund that, under normal circumstances, invests at least 80% of its net assets in equity securities (including depositary receipts) of small- and mid-sized companies.
Background via Yahoo Finance — informational, not part of the verdict.
Average — needs more confirmation before sizing up
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 | BEARISH | 47 |
| ⏲ 5-Min | RANGING | 141 |
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.