CBSEETF / FundClough Select Equity ETF
Verdicts genuinely change. Free email alert the moment CBSE'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.
Clough Select Equity ETF ETF · Elevation Series Trust
39 holdings · as of 2026-07-31 (2.8 months ago)
NON-COMPLIANT 30.12% of portfolio weight is in non-compliant holdings, over the 5% threshold.
39 holdings, 34 matched (86% of weight). Portfolio as of 2026-07-31, filed 2026-09-28. Source: SEC Form N-PORT.
1.44% of this portfolio’s income is non-permissible — weighted across holdings, computed over 81% of portfolio weight (32 of 39 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.
49.9% compliant 5.9% questionable 30.1% non-compliant 14.0% unscreened
All holdings (39)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| SBUX Starbucks Corp | COMPLIANT | 3.36% | AAOIFI19.3% Usmani79.3% Dow Jones Islamic21.4% S&P Shariah22.1% MSCI Islamic79.3% MSCI Islamic M-Series22.1% FTSE Shariah46.9% |
| elf Beauty Inc | UNSCREENED | 3.35% | no in-house ratios for this holding |
| Service Corp International/US | UNSCREENED | 3.18% | no in-house ratios for this holding |
| VG Venture Global Inc | NON_COMPLIANT | 3.14% | AAOIFI137.8% Usmani69.6% Dow Jones Islamic142.4% S&P Shariahfail MSCI Islamic69.2% MSCI Islamic M-Seriesfail FTSE Shariah68.0% |
| Helix Energy Solutions Group I | UNSCREENED | 3.10% | no in-house ratios for this holding |
| NU Holdings Ltd/Cayman Islands | UNSCREENED | 3.06% | no in-house ratios for this holding |
| MGNI Magnite Inc | COMPLIANT | 3.02% | AAOIFI12.3% Usmani14.0% Dow Jones Islamic18.0% S&P Shariah20.7% MSCI Islamic14.0% MSCI Islamic M-Series20.7% FTSE Shariah11.8% |
| WTTR Select Water Solutions Inc | COMPLIANT | 2.92% | AAOIFI11.6% Usmani16.3% Dow Jones Islamic17.0% S&P Shariah19.1% MSCI Islamic16.3% MSCI Islamic M-Series19.1% FTSE Shariah14.5% |
| BKR Baker Hughes Co | NON_COMPLIANT | 2.86% | AAOIFI29.3% Usmani30.9% Dow Jones Islamic33.5% S&P Shariah37.8% MSCI Islamic30.9% MSCI Islamic M-Series37.8% FTSE Shariah30.9% |
| RH RH | NON_COMPLIANT | 2.86% | AAOIFI134.6% Usmani79.8% Dow Jones Islamic77.3% S&P Shariah73.4% MSCI Islamic63.0% MSCI Islamic M-Series73.4% FTSE Shariah46.2% |
| APA APA Corp | NON_COMPLIANT | 2.84% | AAOIFI25.9% Usmani21.6% Dow Jones Islamic42.6% S&P Shariah41.4% MSCI Islamic21.6% MSCI Islamic M-Series41.4% FTSE Shariah20.8% |
| SCCO Southern Copper Corp | COMPLIANT | 2.81% | AAOIFI4.9% Usmani35.7% Dow Jones Islamic8.2% S&P Shariah9.3% MSCI Islamic35.7% MSCI Islamic M-Series9.3% FTSE Shariah33.1% |
| LNG Cheniere Energy Inc | NON_COMPLIANT | 2.73% | AAOIFI44.4% Usmani55.8% Dow Jones Islamic54.4% S&P Shariah58.8% MSCI Islamic55.8% MSCI Islamic M-Series58.8% FTSE Shariah50.6% |
| CBRS Cerebras Systems Inc | COMPLIANT | 2.72% | AAOIFI4.0% Usmani12.8% Dow Jones Islamic— S&P Shariah— MSCI Islamic12.8% MSCI Islamic M-Series— FTSE Shariah7.9% |
| FCX Freeport-McMoRan Inc | COMPLIANT | 2.72% | AAOIFI9.4% Usmani17.3% Dow Jones Islamic14.8% S&P Shariah15.6% MSCI Islamic17.3% MSCI Islamic M-Series15.6% FTSE Shariah15.7% |
| AVGO Broadcom Inc | COMPLIANT | 2.70% | AAOIFI3.8% Usmani32.5% Dow Jones Islamic4.4% S&P Shariah5.5% MSCI Islamic32.5% MSCI Islamic M-Series5.5% FTSE Shariah32.5% |
| DVN Devon Energy Corp | COMPLIANT | 2.68% | AAOIFI22.3% Usmani16.8% Dow Jones Islamic46.9% S&P Shariah45.5% MSCI Islamic16.7% MSCI Islamic M-Series45.5% FTSE Shariah16.1% |
| CEG Constellation Energy Corp | COMPLIANT | 2.65% | AAOIFI18.4% Usmani19.8% Dow Jones Islamic20.8% S&P Shariah24.7% MSCI Islamic19.8% MSCI Islamic M-Series24.7% FTSE Shariah19.8% |
| LITE Lumentum Holdings Inc | COMPLIANT | 2.64% | AAOIFI1.9% Usmani22.9% Dow Jones Islamic6.7% S&P Shariah9.4% MSCI Islamic22.9% MSCI Islamic M-Series9.4% FTSE Shariah22.4% |
| MRVL Marvell Technology Inc | COMPLIANT | 2.63% | AAOIFI2.7% Usmani19.2% Dow Jones Islamic5.6% S&P Shariah6.5% MSCI Islamic19.2% MSCI Islamic M-Series6.5% FTSE Shariah18.0% |
| TSM TSMC | COMPLIANT | 2.60% | AAOIFI1.5% Usmani13.8% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic13.4% MSCI Islamic M-Series0.6% FTSE Shariah13.4% |
| KTB Kontoor Brands Inc | NON_COMPLIANT | 2.60% | AAOIFI32.9% Usmani47.8% Dow Jones Islamic32.0% S&P Shariah34.6% MSCI Islamic47.8% MSCI Islamic M-Series34.6% FTSE Shariah42.9% |
| GRAL GRAIL Inc | NON_COMPLIANT | 2.59% | AAOIFI2.5% Usmani3.2% Dow Jones Islamic4.7% S&P Shariahfail MSCI Islamic3.2% MSCI Islamic M-Seriesfail FTSE Shariah0.0% |
| OSW OneSpaWorld Holdings Ltd | COMPLIANT | 2.59% | AAOIFI4.0% Usmani12.4% Dow Jones Islamic4.2% S&P Shariah4.8% MSCI Islamic12.4% MSCI Islamic M-Series4.8% FTSE Shariah11.2% |
| GTX Garrett Motion Inc | COMPLIANT | 2.57% | AAOIFI30.6% Usmani61.9% Dow Jones Islamic45.9% S&P Shariah52.7% MSCI Islamic61.9% MSCI Islamic M-Series52.7% FTSE Shariah59.7% |
| 000660.KS SK hynix Inc | COMPLIANT | 2.55% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| LRCX Lam Research Corp | COMPLIANT | 2.49% | AAOIFI1.0% Usmani17.5% Dow Jones Islamic2.1% S&P Shariah2.4% MSCI Islamic17.5% MSCI Islamic M-Series2.4% FTSE Shariah15.8% |
| CLS Celestica Inc | COMPLIANT | 2.34% | AAOIFI2.4% Usmani10.8% Dow Jones Islamic4.0% S&P Shariah5.4% MSCI Islamic10.0% MSCI Islamic M-Series5.4% FTSE Shariah8.3% |
| GOOG Alphabet Inc | QUESTIONABLE | 2.24% | AAOIFI2.9% Usmani13.1% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic12.8% MSCI Islamic M-Series4.5% FTSE Shariah10.9% |
| SSNC SS&C Technologies Holdings Inc | NON_COMPLIANT | 2.22% | AAOIFI39.6% Usmani37.7% Dow Jones Islamic41.2% S&P Shariah44.6% MSCI Islamic37.7% MSCI Islamic M-Series44.6% FTSE Shariah36.8% |
| RYAN Ryan Specialty Holdings Inc | NON_COMPLIANT | 2.19% | AAOIFI36.4% Usmani31.8% Dow Jones Islamic63.0% S&P Shariah65.1% MSCI Islamic31.8% MSCI Islamic M-Series65.1% FTSE Shariah30.4% |
| WMT Walmart Inc | QUESTIONABLE | 2.16% | AAOIFI6.4% Usmani21.5% Dow Jones Islamic6.9% S&P Shariah8.0% MSCI Islamic19.2% MSCI Islamic M-Series8.0% FTSE Shariah13.6% |
| APH Amphenol Corp | NON_COMPLIANT | 2.11% | AAOIFI9.5% Usmani42.0% Dow Jones Islamic13.3% S&P Shariah16.1% MSCI Islamic42.0% MSCI Islamic M-Series16.1% FTSE Shariah42.0% |
| SNOW Snowflake Inc | COMPLIANT | 2.11% | AAOIFI0.4% Usmani5.5% Dow Jones Islamic0.7% S&P Shariah0.8% MSCI Islamic5.5% MSCI Islamic M-Series0.8% FTSE Shariah0.0% |
| PM Philip Morris International Inc | NON_COMPLIANT | 2.08% | AAOIFI16.1% Usmani66.9% Dow Jones Islamic18.9% S&P Shariah22.1% MSCI Islamic66.9% MSCI Islamic M-Series22.1% FTSE Shariah66.9% |
| PGR Progressive Corp/The | NON_COMPLIANT | 1.91% | AAOIFI6.5% Usmani6.7% Dow Jones Islamic6.3% S&P Shariah6.9% MSCI Islamic6.7% MSCI Islamic M-Series6.9% FTSE Shariah6.7% |
| AAPL Apple Inc | COMPLIANT | 1.81% | AAOIFI2.1% Usmani21.5% Dow Jones Islamic2.2% S&P Shariah2.4% MSCI Islamic21.5% MSCI Islamic M-Series2.4% FTSE Shariah21.5% |
| RDDT Reddit Inc | QUESTIONABLE | 1.54% | AAOIFI0.1% Usmani0.6% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.6% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| BlackRock Liquidity Funds T-Fu | UNSCREENED | 1.33% | no in-house ratios for this holding |
The published standards disagree about this fund by 26 points of portfolio weight — 57.4% of it passes AAOIFI, 31.9% 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 57.4% ratios fail on 20.9% 21.7% not rated under AAOIFI
ratios pass on 40.6% ratios fail on 38.6% 20.9% not rated under Usmani
ratios pass on 48.6% ratios fail on 29.7% 21.7% not rated under Dow Jones Islamic
ratios pass on 46.0% ratios fail on 32.3% 21.7% not rated under S&P Shariah
ratios pass on 31.9% ratios fail on 47.0% 21.2% not rated under MSCI Islamic
ratios pass on 46.0% ratios fail on 32.3% 21.7% not rated under MSCI Islamic M-Series
ratios pass on 42.3% ratios fail on 38.8% 19.0% not rated under FTSE Shariah
34 of 39 listed holdings carry our own per-methodology verdicts (86% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 33 (83% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
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.
Clough Select Equity ETF (CBSE) 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 CBSE — 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) | 37.00 | NEUTRAL |
| Stochastic %K (14) | 13.82 | BUY |
| CCI (20) | -106.35 | BUY |
| Williams %R (14) | -86.18 | BUY |
| MACD (12,26,9) | -0.31 | SELL |
| ROC (10) | -7.82 | SELL |
| Momentum (10) | -3.73 | SELL |
| EMA (10) | 44.71 | SELL |
| SMA (10) | 44.79 | SELL |
| EMA (20) | 45.56 | SELL |
| SMA (20) | 46.05 | SELL |
| EMA (30) | 46.04 | SELL |
| SMA (30) | 46.31 | SELL |
| EMA (50) | 46.61 | SELL |
| SMA (50) | 46.96 | SELL |
| EMA (100) | 46.89 | SELL |
| SMA (100) | 48.06 | SELL |
| EMA (200) | 45.26 | SELL |
| SMA (200) | 46.06 | SELL |
About Clough Select Equity ETF
The fund is an actively managed ETF that seeks to achieve its investment objective by purchasing securities the Adviser believes to have above-average financial characteristics, be undervalued and/or have growth potential. Under normal circumstances, the fund will invest at least 80% of its net assets, plus borrowings for investment purposes, in equity securities, including common stocks and depositary receipts.
Background via Yahoo Finance — informational, not part of the verdict.
Weak — low conviction, small size or skip
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 | BEARISH | 37 |
| ⏲ 5-Min | RANGING | 113 |
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.