CVGDETF / FundCresAlta Global Dividend ETF
Verdicts genuinely change. Free email alert the moment CVGD'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.
CresAlta Global Dividend ETF ETF · Elevation Series Trust
44 holdings · as of 2026-07-31 (2.8 months ago)
NON-COMPLIANT 52.38% of portfolio weight is in non-compliant holdings, over the 5% threshold.
44 holdings, 39 matched (83% of weight). Portfolio as of 2026-07-31, filed 2026-09-28. Source: SEC Form N-PORT.
0.94% of this portfolio’s income is non-permissible — weighted across holdings, computed over 79% of portfolio weight (37 of 44 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.
28.1% compliant 2.4% questionable 52.4% non-compliant 17.0% unscreened
All holdings (44)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| MSILF Government Portfolio | UNSCREENED | 7.62% | no in-house ratios for this holding |
| CVS CVS Health Corp | NON_COMPLIANT | 4.14% | AAOIFI61.7% Usmani30.1% Dow Jones Islamic84.9% S&P Shariah88.7% MSCI Islamic30.1% MSCI Islamic M-Series88.7% FTSE Shariah24.2% |
| VZ Verizon Communications Inc | NON_COMPLIANT | 3.81% | AAOIFI98.4% Usmani45.9% Dow Jones Islamic109.0% S&P Shariah116.8% MSCI Islamic45.9% MSCI Islamic M-Series116.8% FTSE Shariah40.3% |
| ELV Elevance Health Inc | NON_COMPLIANT | 3.56% | AAOIFI35.1% Usmani24.6% Dow Jones Islamic37.4% S&P Shariah33.5% MSCI Islamic24.6% MSCI Islamic M-Series33.5% FTSE Shariah24.6% |
| Huntington Bancshares Inc/OH | UNSCREENED | 3.25% | no in-house ratios for this holding |
| GILD Gilead Sciences Inc | COMPLIANT | 3.15% | AAOIFI14.4% Usmani53.2% Dow Jones Islamic18.6% S&P Shariah21.4% MSCI Islamic53.2% MSCI Islamic M-Series21.4% FTSE Shariah53.2% |
| IMB.L Imperial Brands PLC | NON_COMPLIANT | 2.95% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CRM Salesforce Inc | COMPLIANT | 2.91% | AAOIFI20.9% Usmani38.1% Dow Jones Islamic18.3% S&P Shariah17.8% MSCI Islamic38.1% MSCI Islamic M-Series17.8% FTSE Shariah35.8% |
| DGE.L Diageo PLC | NON_COMPLIANT | 2.65% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 9433.T KDDI Corp | NON_COMPLIANT | 2.54% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| DG Dollar General Corp | NON_COMPLIANT | 2.53% | AAOIFI55.9% Usmani49.0% Dow Jones Islamic69.2% S&P Shariah65.1% MSCI Islamic49.0% MSCI Islamic M-Series65.1% FTSE Shariah14.2% |
| SCHW Charles Schwab Corp/The | NON_COMPLIANT | 2.48% | AAOIFI14.6% Usmani5.3% Dow Jones Islamic18.7% S&P Shariah22.0% MSCI Islamic5.3% MSCI Islamic M-Series22.0% FTSE Shariah5.3% |
| Willis Towers Watson PLC | UNSCREENED | 2.47% | no in-house ratios for this holding |
| BNR.DE Brenntag SE | NON_COMPLIANT | 2.43% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| HEIA.AS Heineken NV | NON_COMPLIANT | 2.40% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| RELX RELX PLC | COMPLIANT | 2.39% | AAOIFI16.2% Usmani49.2% Dow Jones Islamic12.5% S&P Shariah12.8% MSCI Islamic49.2% MSCI Islamic M-Series12.8% FTSE Shariah49.2% |
| MSFT Microsoft Corp | QUESTIONABLE | 2.35% | AAOIFI1.5% Usmani7.5% Dow Jones Islamic1.7% S&P Shariah1.8% MSCI Islamic7.5% MSCI Islamic M-Series1.8% FTSE Shariah5.3% |
| BNP.PA BNP Paribas SA | NON_COMPLIANT | 2.29% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| PHG Koninklijke Philips NV | NON_COMPLIANT | 2.20% | AAOIFI37.6% Usmani30.0% Dow Jones Islamic39.2% S&P Shariah42.2% MSCI Islamic30.0% MSCI Islamic M-Series42.2% FTSE Shariah30.0% |
| 6367.T Daikin Industries Ltd | COMPLIANT | 2.11% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| PPG PPG Industries Inc | COMPLIANT | 2.10% | AAOIFI31.6% Usmani34.8% Dow Jones Islamic30.9% S&P Shariah29.1% MSCI Islamic34.7% MSCI Islamic M-Series29.1% FTSE Shariah32.1% |
| BABA Alibaba Group Holding Ltd | COMPLIANT | 2.08% | AAOIFI7.6% Usmani1.1% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic1.1% MSCI Islamic M-Series0.2% FTSE Shariah0.0% |
| SAP SAP SE | COMPLIANT | 2.02% | AAOIFI3.5% Usmani13.0% Dow Jones Islamic3.1% S&P Shariah3.4% MSCI Islamic10.6% MSCI Islamic M-Series3.4% FTSE Shariah10.6% |
| 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% |
| SLB Ltd | UNSCREENED | 1.96% | no in-house ratios for this holding |
| ADDYY adidas AG | COMPLIANT | 1.92% | AAOIFI21.3% Usmani41.8% Dow Jones Islamic34.7% S&P Shariah34.7% MSCI Islamic27.4% MSCI Islamic M-Series34.7% FTSE Shariah27.4% |
| SNY Sanofi SA | COMPLIANT | 1.92% | AAOIFI20.8% Usmani14.7% Dow Jones Islamic38.1% S&P Shariah38.6% MSCI Islamic14.7% MSCI Islamic M-Series38.6% FTSE Shariah14.7% |
| BAYN.DE Bayer AG | NON_COMPLIANT | 1.89% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| DOW Dow Inc | NON_COMPLIANT | 1.88% | AAOIFI91.5% Usmani32.7% Dow Jones Islamic88.2% S&P Shariah76.2% MSCI Islamic32.7% MSCI Islamic M-Series76.2% FTSE Shariah30.2% |
| NOVO-B.CO Novo Nordisk A/S | COMPLIANT | 1.85% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| C Citigroup Inc | NON_COMPLIANT | 1.73% | AAOIFI159.2% Usmani13.8% Dow Jones Islamic214.6% S&P Shariah251.0% MSCI Islamic13.8% MSCI Islamic M-Series251.0% FTSE Shariah13.8% |
| Celanese Corp | UNSCREENED | 1.73% | no in-house ratios for this holding |
| INTU Intuit Inc | COMPLIANT | 1.68% | AAOIFI9.9% Usmani22.9% Dow Jones Islamic5.4% S&P Shariah5.3% MSCI Islamic22.9% MSCI Islamic M-Series5.3% FTSE Shariah20.8% |
| EOG EOG Resources Inc | COMPLIANT | 1.67% | AAOIFI10.8% Usmani15.1% Dow Jones Islamic12.6% S&P Shariah12.5% MSCI Islamic15.1% MSCI Islamic M-Series12.5% FTSE Shariah14.5% |
| MRSH Marsh & McLennan Cos Inc | NON_COMPLIANT | 1.65% | AAOIFI24.1% Usmani35.8% Dow Jones Islamic22.1% S&P Shariah22.2% MSCI Islamic35.8% MSCI Islamic M-Series22.2% FTSE Shariah32.7% |
| AKZA.AS Akzo Nobel NV | NON_COMPLIANT | 1.56% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NG.L National Grid PLC | NON_COMPLIANT | 1.53% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| WBD Warner Bros Discovery Inc | NON_COMPLIANT | 1.37% | AAOIFI52.5% Usmani34.5% Dow Jones Islamic75.7% S&P Shariah90.3% MSCI Islamic34.5% MSCI Islamic M-Series90.3% FTSE Shariah34.5% |
| PRU.L Prudential PLC | NON_COMPLIANT | 1.31% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SUNB Sunbelt Rentals Holdings Inc | NON_COMPLIANT | 1.26% | AAOIFI38.5% Usmani49.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic48.4% MSCI Islamic M-Seriesfail FTSE Shariah36.2% |
| CSX CSX Corp | COMPLIANT | 1.23% | AAOIFI21.8% Usmani43.3% Dow Jones Islamic27.6% S&P Shariah28.4% MSCI Islamic43.3% MSCI Islamic M-Series28.4% FTSE Shariah42.2% |
| BAX Baxter International Inc | NON_COMPLIANT | 1.17% | AAOIFI1.6% Usmani1.1% Dow Jones Islamic1.6% S&P Shariah1.4% MSCI Islamic1.1% MSCI Islamic M-Series1.4% FTSE Shariah0.0% |
| PAYX Paychex Inc | COMPLIANT | 1.09% | AAOIFI13.2% Usmani29.6% Dow Jones Islamic10.7% S&P Shariah11.0% MSCI Islamic29.6% MSCI Islamic M-Series11.0% FTSE Shariah29.1% |
| LEN Lennar Corp | NON_COMPLIANT | 1.05% | AAOIFI29.9% Usmani17.4% Dow Jones Islamic21.5% S&P Shariah19.9% MSCI Islamic17.4% MSCI Islamic M-Series19.9% FTSE Shariah17.4% |
The published standards disagree about this fund by 13 points of portfolio weight — 39.6% of it passes FTSE Shariah, 26.2% 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 29.0% ratios fail on 52.7% 18.2% not rated under AAOIFI
ratios pass on 26.5% ratios fail on 45.0% 28.4% not rated under Usmani
ratios pass on 26.2% ratios fail on 52.4% 21.3% not rated under Dow Jones Islamic
ratios pass on 26.2% ratios fail on 52.4% 21.3% not rated under S&P Shariah
ratios pass on 31.2% ratios fail on 40.2% 28.4% not rated under MSCI Islamic
ratios pass on 26.2% ratios fail on 52.4% 21.3% not rated under MSCI Islamic M-Series
ratios pass on 39.6% ratios fail on 31.8% 28.4% not rated under FTSE Shariah
39 of 44 listed holdings carry our own per-methodology verdicts (83% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 27 (57% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| CVS CVS Health Corp | 4.14% |
| VZ Verizon Communications Inc | 3.81% |
| ELV Elevance Health Inc | 3.56% |
| IMB.L Imperial Brands PLC | 2.95% |
| DGE.L Diageo PLC | 2.65% |
| 9433.T KDDI Corp | 2.54% |
| DG Dollar General Corp | 2.53% |
| SCHW Charles Schwab Corp/The | 2.48% |
| BNR.DE Brenntag SE | 2.43% |
| HEIA.AS Heineken NV | 2.40% |
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.
CresAlta Global Dividend ETF (CVGD) 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 CVGD — 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
Not enough completed daily bars to compute pivots.
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) | 67.80 | NEUTRAL |
| Stochastic %K (14) | 100.00 | SELL |
| CCI (20) | 174.38 | SELL |
| Williams %R (14) | 0.00 | SELL |
| MACD (12,26,9) | 0.17 | BUY |
| ROC (10) | 5.47 | BUY |
| Momentum (10) | 1.39 | BUY |
| EMA (10) | 26.19 | BUY |
| SMA (10) | 26.10 | BUY |
| EMA (20) | 26.03 | BUY |
| SMA (20) | 25.74 | BUY |
| EMA (30) | 26.03 | BUY |
| SMA (30) | 25.88 | BUY |
| EMA (50) | 26.05 | BUY |
| SMA (50) | 26.29 | BUY |
| EMA (100) | 25.93 | BUY |
| SMA (100) | 25.97 | BUY |
| EMA (200) | 25.91 | BUY |
About CresAlta Global Dividend ETF
The fund is an actively managed ETF that invests, under normal circumstances, at least 80% of its assets in dividend paying equity securities at the time of purchase. The Adviser seeks to achieve for the fund’s objective by investing in U.S. and non-U.S. companies that the Adviser believes are financially strong and well-managed.
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 | BULLISH | 43 |
| ⏲ 5-Min | BULLISH | 44 |
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 2026-10-13 · Asset managers net 915835 (+9220)
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.