Verdicts genuinely change. Free email alert the moment CRFAX'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.
Calvert Focused Value Fund · Calvert Social Investment Fund
30 holdings
NON-COMPLIANT 44.17% of portfolio weight is in non-compliant holdings, over the 5% threshold.
30 holdings, 28 matched (94% of weight). Portfolio as of 2026-03-31, filed 2026-05-26. Source: SEC Form N-PORT.
1.93% of this portfolio’s income is non-permissible — weighted across holdings, computed over 68% of portfolio weight (20 of 30 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.
38.8% compliant 11.4% questionable 44.1% non-compliant 5.7% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| GOOG Alphabet Inc | QUESTIONABLE | 5.89% | AAOIFI2.9% Usmani13.1% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic12.8% MSCI Islamic M-Series4.5% FTSE Shariah10.9% |
| AMZN Amazon.com Inc | QUESTIONABLE | 5.58% | AAOIFI8.2% Usmani22.1% Dow Jones Islamic9.6% S&P Shariah10.6% MSCI Islamic20.9% MSCI Islamic M-Series10.6% FTSE Shariah12.1% |
| BMY Bristol-Myers Squibb Co | NON_COMPLIANT | 4.66% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| BAC Bank of America Corp | NON_COMPLIANT | 4.00% | AAOIFI77.5% Usmani9.7% Dow Jones Islamic95.9% S&P Shariah105.7% MSCI Islamic9.7% MSCI Islamic M-Series105.7% FTSE Shariah9.7% |
| JCI Johnson Controls International plc | COMPLIANT | 3.86% | AAOIFI10.8% Usmani24.8% Dow Jones Islamic13.9% S&P Shariah16.1% MSCI Islamic24.8% MSCI Islamic M-Series16.1% FTSE Shariah24.8% |
| First Industrial Realty Trust Inc | UNSCREENED | 3.82% | no in-house ratios for this holding |
| SCHW Charles Schwab Corp/The | NON_COMPLIANT | 3.80% | AAOIFI14.6% Usmani5.3% Dow Jones Islamic18.7% S&P Shariah22.0% MSCI Islamic5.3% MSCI Islamic M-Series22.0% FTSE Shariah5.3% |
| AIG American International Group Inc | NON_COMPLIANT | 3.63% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| MU Micron Technology Inc | COMPLIANT | 3.62% | AAOIFI0.6% Usmani6.7% Dow Jones Islamic1.8% S&P Shariah2.4% MSCI Islamic4.8% MSCI Islamic M-Series2.4% FTSE Shariah4.3% |
| HSY Hershey Co/The | COMPLIANT | 3.60% | AAOIFI15.8% Usmani39.9% Dow Jones Islamic13.9% S&P Shariah13.9% MSCI Islamic39.4% MSCI Islamic M-Series13.9% FTSE Shariah37.1% |
| CSCO Cisco Systems Inc | COMPLIANT | 3.55% | AAOIFI5.7% Usmani18.9% Dow Jones Islamic8.4% S&P Shariah9.5% MSCI Islamic18.9% MSCI Islamic M-Series9.5% FTSE Shariah17.6% |
| STLD Steel Dynamics Inc | COMPLIANT | 3.54% | AAOIFI12.1% Usmani24.4% Dow Jones Islamic17.6% S&P Shariah18.9% MSCI Islamic24.4% MSCI Islamic M-Series18.9% FTSE Shariah24.4% |
| UPS United Parcel Service Inc | NON_COMPLIANT | 3.53% | AAOIFI32.8% Usmani40.2% Dow Jones Islamic40.1% S&P Shariah37.0% MSCI Islamic40.2% MSCI Islamic M-Series37.0% FTSE Shariah34.4% |
| RGA Reinsurance Group of America Inc | NON_COMPLIANT | 3.52% | AAOIFI34.5% Usmani3.4% Dow Jones Islamic42.7% S&P Shariah45.0% MSCI Islamic3.4% MSCI Islamic M-Series45.0% FTSE Shariah3.4% |
| CBOE Cboe Global Markets Inc | NON_COMPLIANT | 3.49% | AAOIFI4.9% Usmani14.9% Dow Jones Islamic6.2% S&P Shariah6.8% MSCI Islamic14.9% MSCI Islamic M-Series6.8% FTSE Shariah13.6% |
| WFC Wells Fargo & Co | NON_COMPLIANT | 3.40% | AAOIFI80.2% Usmani9.1% Dow Jones Islamic84.8% S&P Shariah93.9% MSCI Islamic9.1% MSCI Islamic M-Series93.9% FTSE Shariah9.1% |
| ABBV AbbVie Inc | COMPLIANT | 3.28% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| USFD US Foods Holding Corp | NON_COMPLIANT | 3.22% | AAOIFI23.5% Usmani36.5% Dow Jones Islamic29.4% S&P Shariah33.1% MSCI Islamic36.5% MSCI Islamic M-Series33.1% FTSE Shariah36.5% |
| BALL Ball Corp | NON_COMPLIANT | 3.18% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| EMR Emerson Electric Co | COMPLIANT | 3.18% | AAOIFI16.2% Usmani32.7% Dow Jones Islamic19.0% S&P Shariah20.6% MSCI Islamic32.7% MSCI Islamic M-Series20.6% FTSE Shariah31.1% |
| IR Ingersoll Rand Inc | COMPLIANT | 3.12% | AAOIFI14.2% Usmani22.7% Dow Jones Islamic12.3% S&P Shariah12.3% MSCI Islamic22.7% MSCI Islamic M-Series12.3% FTSE Shariah22.4% |
| ROST Ross Stores Inc | COMPLIANT | 2.92% | AAOIFI6.4% Usmani29.7% Dow Jones Islamic8.5% S&P Shariah9.2% MSCI Islamic29.7% MSCI Islamic M-Series9.2% FTSE Shariah6.4% |
| CRM Salesforce Inc | COMPLIANT | 2.91% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| INTC Intel Corp | COMPLIANT | 2.74% | AAOIFI9.2% Usmani25.0% Dow Jones Islamic23.9% S&P Shariah26.3% MSCI Islamic25.0% MSCI Islamic M-Series26.3% FTSE Shariah25.0% |
| BSX Boston Scientific Corp | COMPLIANT | 2.57% | AAOIFI19.4% Usmani27.9% Dow Jones Islamic10.0% S&P Shariah10.9% MSCI Islamic27.9% MSCI Islamic M-Series10.9% FTSE Shariah27.9% |
| CMS CMS Energy Corp | NON_COMPLIANT | 2.51% | AAOIFI89.2% Usmani47.2% Dow Jones Islamic90.3% S&P Shariah98.1% MSCI Islamic46.5% MSCI Islamic M-Series98.1% FTSE Shariah46.5% |
| NRG NRG Energy Inc | NON_COMPLIANT | 2.25% | AAOIFI85.9% Usmani53.8% Dow Jones Islamic81.4% S&P Shariah98.7% MSCI Islamic53.8% MSCI Islamic M-Series98.7% FTSE Shariah53.3% |
| SJM J M Smucker Co/The | NON_COMPLIANT | 2.02% | AAOIFI48.0% Usmani41.6% Dow Jones Islamic60.6% S&P Shariah60.2% MSCI Islamic41.6% MSCI Islamic M-Series60.2% FTSE Shariah40.4% |
| Huntington Bancshares Inc/OH | UNSCREENED | 1.92% | no in-house ratios for this holding |
| MS Morgan Stanley & Co. LLC | NON_COMPLIANT | 0.96% | AAOIFI115.6% Usmani23.4% Dow Jones Islamic161.6% S&P Shariah189.1% MSCI Islamic23.4% MSCI Islamic M-Series189.1% FTSE Shariah23.4% |
The published standards disagree about this fund by 23 points of portfolio weight — 54.2% of it passes AAOIFI, 31.1% 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 54.2% ratios fail on 26.0% 20.1% not rated under AAOIFI
ratios pass on 40.6% ratios fail on 23.9% 35.8% not rated under Usmani
ratios pass on 54.2% ratios fail on 26.0% 20.1% not rated under Dow Jones Islamic
ratios pass on 50.9% ratios fail on 29.2% 20.1% not rated under S&P Shariah
ratios pass on 31.1% ratios fail on 27.5% 41.7% not rated under MSCI Islamic
ratios pass on 54.2% ratios fail on 26.0% 20.1% not rated under MSCI Islamic M-Series
ratios pass on 37.0% ratios fail on 27.5% 35.8% not rated under FTSE Shariah
28 of 30 listed holdings carry our own per-methodology verdicts (95% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 23 (77% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| BMY Bristol-Myers Squibb Co | 4.66% |
| BAC Bank of America Corp | 4.00% |
| SCHW Charles Schwab Corp/The | 3.80% |
| AIG American International Group Inc | 3.63% |
| UPS United Parcel Service Inc | 3.53% |
| RGA Reinsurance Group of America Inc | 3.52% |
| CBOE Cboe Global Markets Inc | 3.49% |
| WFC Wells Fargo & Co | 3.40% |
| USFD US Foods Holding Corp | 3.22% |
| BALL Ball Corp | 3.18% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Calvert Focused Value Fund (CRFAX) 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.
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 |
|---|---|---|
| GOOGAlphabet Inc | 5.89% | Questionable |
| AMZNAmazon.com Inc | 5.58% | Questionable |
| BMYBristol-Myers Squibb Co | 4.66% | Non-compliant |
| BACBank of America Corp | 4.00% | Non-compliant |
| JCIJohnson Controls International plc | 3.86% | Compliant |
| First Industrial Realty Trust Incnot matched to a ticker | 3.82% | Not screened |
| SCHWCharles Schwab Corp/The | 3.80% | Non-compliant |
| AIGAmerican International Group Inc | 3.63% | Non-compliant |
| MUMicron Technology Inc | 3.62% | Compliant |
| HSYHershey Co/The | 3.60% | Compliant |
Top 10 of 30 holdings, 42.5% of the fund by weight. Every holding is screened, not only these.
The positions keeping this fund short of 100% compliant by weight.
Verdict history for CRFAX. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
ℹ️ no compliance scan has run for 2 days - this is not a reading of today
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
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.
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.