FRTYETF / FundAlger Mid Cap 40 ETF
Verdicts genuinely change. Free email alert the moment FRTY'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.
Alger Mid Cap 40 ETF ETF · Alger ETF Trust
42 holdings · as of 2026-06-30 (3.9 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 12.27% of portfolio weight is in non-compliant holdings, over the 5% threshold.
42 holdings, 37 matched (86% of weight). Portfolio as of 2026-06-30, filed 2026-08-27. Source: SEC Form N-PORT.
2.14% of this portfolio’s income is non-permissible — weighted across holdings, computed over 82% of portfolio weight (35 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.
72.3% compliant 1.8% questionable 12.3% non-compliant 13.6% unscreened
All holdings (42)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| DREYFUS TRSY OBLIG CASH M | UNSCREENED | 6.52% | no in-house ratios for this holding |
| TWST TWIST BIOSCIENCE CORP | COMPLIANT | 4.79% | AAOIFI1.1% Usmani13.9% Dow Jones Islamic3.2% S&P Shariah3.5% MSCI Islamic13.9% MSCI Islamic M-Series3.5% FTSE Shariah0.0% |
| WDC WESTERN DIGITAL CORP | COMPLIANT | 4.37% | AAOIFI0.9% Usmani8.6% Dow Jones Islamic1.6% S&P Shariah2.1% MSCI Islamic8.6% MSCI Islamic M-Series2.1% FTSE Shariah7.6% |
| NEBIUS GROUP NV | UNSCREENED | 3.99% | no in-house ratios for this holding |
| VRT VERTIV HOLDINGS COMPANY | COMPLIANT | 3.81% | AAOIFI3.2% Usmani19.0% Dow Jones Islamic4.5% S&P Shariah5.7% MSCI Islamic19.0% MSCI Islamic M-Series5.7% FTSE Shariah18.5% |
| FWONA LIBERTY MEDIA CORP | NON_COMPLIANT | 3.62% | AAOIFI20.6% Usmani31.0% Dow Jones Islamic23.0% S&P Shariah25.2% MSCI Islamic31.0% MSCI Islamic M-Series25.2% FTSE Shariah31.0% |
| FIX COMFORT SYSTEMS USA INC | COMPLIANT | 3.62% | AAOIFI0.6% Usmani4.4% Dow Jones Islamic1.2% S&P Shariah1.5% MSCI Islamic4.4% MSCI Islamic M-Series1.5% FTSE Shariah0.6% |
| SNDK SANDISK CORP | COMPLIANT | 3.56% | AAOIFI0.1% Usmani0.9% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic0.9% MSCI Islamic M-Seriespass FTSE Shariah0.0% |
| ALAB ASTERA LABS INC | COMPLIANT | 3.38% | AAOIFI0.1% Usmani2.3% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic2.3% MSCI Islamic M-Series0.2% FTSE Shariah0.0% |
| MOD MODINE MANUFACTURING COMPANY | COMPLIANT | 3.31% | AAOIFI6.1% Usmani22.5% Dow Jones Islamic7.8% S&P Shariah9.3% MSCI Islamic22.4% MSCI Islamic M-Series9.3% FTSE Shariah17.3% |
| AXON AXON ENTERPRISE INC | COMPLIANT | 3.28% | AAOIFI4.4% Usmani24.5% Dow Jones Islamic4.0% S&P Shariah4.9% MSCI Islamic24.5% MSCI Islamic M-Series4.9% FTSE Shariah23.1% |
| HEI HEICO CORP | COMPLIANT | 3.22% | AAOIFI5.8% Usmani25.6% Dow Jones Islamic31.9% S&P Shariah36.0% MSCI Islamic25.6% MSCI Islamic M-Series36.0% FTSE Shariah25.6% |
| NET CLOUDFLARE INC | NON_COMPLIANT | 3.21% | AAOIFI0.3% Usmani4.0% Dow Jones Islamic0.4% S&P Shariah0.5% MSCI Islamic4.0% MSCI Islamic M-Series0.5% FTSE Shariah0.0% |
| RGEN REPLIGEN CORP | COMPLIANT | 2.94% | AAOIFI7.3% Usmani23.4% Dow Jones Islamic8.8% S&P Shariah8.4% MSCI Islamic23.4% MSCI Islamic M-Series8.4% FTSE Shariah18.7% |
| FTAI FTAI AVIATION LTD | COMPLIANT | 2.90% | AAOIFI17.1% Usmani76.9% Dow Jones Islamic19.5% S&P Shariah24.8% MSCI Islamic76.9% MSCI Islamic M-Series24.8% FTSE Shariah76.9% |
| RBC RBC BEARINGS INC | COMPLIANT | 2.83% | AAOIFI5.6% Usmani17.7% Dow Jones Islamic6.5% S&P Shariah7.6% MSCI Islamic16.8% MSCI Islamic M-Series7.6% FTSE Shariah15.5% |
| ARWR ARROWHEAD PHARMACEUTICALS INC | COMPLIANT | 2.70% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| SNPS SYNOPSYS INC | COMPLIANT | 2.64% | AAOIFI14.4% Usmani22.7% Dow Jones Islamic13.2% S&P Shariah13.2% MSCI Islamic22.7% MSCI Islamic M-Series13.2% FTSE Shariah21.0% |
| GH GUARDANT HEALTH INC | COMPLIANT | 2.58% | AAOIFI7.8% Usmani88.7% Dow Jones Islamic17.9% S&P Shariah23.1% MSCI Islamic88.7% MSCI Islamic M-Series23.1% FTSE Shariah78.6% |
| BIIB BIOGEN INC | COMPLIANT | 2.33% | AAOIFI21.2% Usmani22.5% Dow Jones Islamic27.5% S&P Shariah24.3% MSCI Islamic22.5% MSCI Islamic M-Series24.3% FTSE Shariah21.3% |
| MPWR MONOLITHIC POWER SYSTEMS INC | COMPLIANT | 2.32% | AAOIFI0.0% Usmani0.4% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.4% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| SNOW SNOWFLAKE INC | COMPLIANT | 2.28% | AAOIFI0.4% Usmani5.5% Dow Jones Islamic0.7% S&P Shariah0.8% MSCI Islamic5.5% MSCI Islamic M-Series0.8% FTSE Shariah0.0% |
| COHR COHERENT CORP | COMPLIANT | 1.92% | AAOIFI6.0% Usmani19.3% Dow Jones Islamic12.1% S&P Shariah15.9% MSCI Islamic19.3% MSCI Islamic M-Series15.9% FTSE Shariah17.6% |
| LASR NLIGHT INC | COMPLIANT | 1.87% | AAOIFI0.6% Usmani2.9% Dow Jones Islamic0.9% S&P Shariah1.1% MSCI Islamic2.9% MSCI Islamic M-Series1.1% FTSE Shariah0.0% |
| DDOG DATADOG INC | NON_COMPLIANT | 1.83% | AAOIFI1.7% Usmani16.9% Dow Jones Islamic2.4% S&P Shariah2.6% MSCI Islamic16.9% MSCI Islamic M-Series2.6% FTSE Shariah13.1% |
| ROKU ROKU INC | QUESTIONABLE | 1.80% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| FLEX FLEX LTD | COMPLIANT | 1.79% | AAOIFI14.4% Usmani24.1% Dow Jones Islamic25.4% S&P Shariah30.5% MSCI Islamic24.1% MSCI Islamic M-Series30.5% FTSE Shariah20.7% |
| MTZ MASTEC INC | COMPLIANT | 1.67% | AAOIFI16.4% Usmani33.2% Dow Jones Islamic19.2% S&P Shariah24.0% MSCI Islamic29.6% MSCI Islamic M-Series24.0% FTSE Shariah25.1% |
| DELL DELL TECHNOLOGIES INC | COMPLIANT | 1.45% | AAOIFI10.2% Usmani27.7% Dow Jones Islamic30.9% S&P Shariah36.3% MSCI Islamic27.7% MSCI Islamic M-Series36.3% FTSE Shariah27.1% |
| VST VISTRA CORP | NON_COMPLIANT | 1.42% | AAOIFI39.4% Usmani46.0% Dow Jones Islamic36.7% S&P Shariah46.3% MSCI Islamic46.0% MSCI Islamic M-Series46.3% FTSE Shariah46.0% |
| APH AMPHENOL CORP | NON_COMPLIANT | 1.36% | AAOIFI9.5% Usmani42.0% Dow Jones Islamic13.3% S&P Shariah16.1% MSCI Islamic42.0% MSCI Islamic M-Series16.1% FTSE Shariah42.0% |
| FPS FORGENT POWER SOLUTIONS INC | COMPLIANT | 1.34% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| FCX FREEPORT-MCMORAN INC | COMPLIANT | 1.33% | AAOIFI9.4% Usmani17.3% Dow Jones Islamic14.8% S&P Shariah15.6% MSCI Islamic17.3% MSCI Islamic M-Series15.6% FTSE Shariah15.7% |
| TEVA PHARMACEUTICAL INDUSTRIES LTD | UNSCREENED | 1.26% | no in-house ratios for this holding |
| RKLB ROCKET LAB CORP | COMPLIANT | 1.24% | AAOIFI0.3% Usmani2.9% Dow Jones Islamic0.4% S&P Shariah0.6% MSCI Islamic2.5% MSCI Islamic M-Series0.6% FTSE Shariah0.0% |
| MRVL MARVELL TECHNOLOGY INC | COMPLIANT | 1.19% | AAOIFI2.7% Usmani19.2% Dow Jones Islamic5.6% S&P Shariah6.5% MSCI Islamic19.2% MSCI Islamic M-Series6.5% FTSE Shariah18.0% |
| REVOLUTION MEDICINES INC | UNSCREENED | 1.00% | no in-house ratios for this holding |
| XPO XPO INC | COMPLIANT | 0.99% | AAOIFI16.4% Usmani45.9% Dow Jones Islamic21.6% S&P Shariah24.4% MSCI Islamic45.9% MSCI Islamic M-Series24.4% FTSE Shariah36.6% |
| IONQ IONQ INC | NON_COMPLIANT | 0.83% | AAOIFI0.3% Usmani0.8% Dow Jones Islamic0.4% S&P Shariah0.6% MSCI Islamic0.8% MSCI Islamic M-Series0.6% FTSE Shariah0.0% |
| Disruptive Technology Solutions LI, LLC Series C | UNSCREENED | 0.83% | no in-house ratios for this holding |
| MDB MONGODB INC | COMPLIANT | 0.74% | AAOIFI0.1% Usmani1.5% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.8% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| DXCM DEXCOM INC | COMPLIANT | 0.00% | AAOIFI4.1% Usmani21.7% Dow Jones Islamic4.7% S&P Shariah4.0% MSCI Islamic20.9% MSCI Islamic M-Series4.0% FTSE Shariah19.3% |
The published standards disagree about this fund by 28 points of portfolio weight — 65.3% of it passes AAOIFI, 37.3% 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 65.3% ratios fail on 9.8% 24.9% not rated under AAOIFI
ratios pass on 50.8% ratios fail on 21.7% 27.5% not rated under Usmani
ratios pass on 65.3% ratios fail on 9.8% 24.9% not rated under Dow Jones Islamic
ratios pass on 60.6% ratios fail on 11.3% 28.2% not rated under S&P Shariah
ratios pass on 37.3% ratios fail on 35.2% 27.5% not rated under MSCI Islamic
ratios pass on 60.6% ratios fail on 11.3% 28.2% not rated under MSCI Islamic M-Series
ratios pass on 52.5% ratios fail on 20.0% 27.5% not rated under FTSE Shariah
37 of 42 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, 34 (81% 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.
Alger Mid Cap 40 ETF (FRTY) 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 FRTY — 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) | 38.30 | NEUTRAL |
| Stochastic %K (14) | 7.10 | BUY |
| CCI (20) | -119.18 | BUY |
| Williams %R (14) | -92.90 | BUY |
| MACD (12,26,9) | -0.18 | SELL |
| ROC (10) | -8.14 | SELL |
| Momentum (10) | -1.91 | SELL |
| EMA (10) | 22.08 | SELL |
| SMA (10) | 22.07 | SELL |
| EMA (20) | 22.47 | SELL |
| SMA (20) | 22.84 | SELL |
| EMA (30) | 22.63 | SELL |
| SMA (30) | 22.88 | SELL |
| EMA (50) | 22.75 | SELL |
| SMA (50) | 22.88 | SELL |
| EMA (100) | 22.65 | SELL |
| SMA (100) | 22.97 | SELL |
| EMA (200) | 22.09 | SELL |
| SMA (200) | 21.98 | SELL |
About Alger Mid Cap 40 ETF
Under normal circumstances, the fund invests at least 80% of its net assets in equity securities of mid-cap companies. Equity securities include common or preferred stocks that are listed on U.S. exchanges. It may invest a significant portion of its assets in the securities of companies conducting business within a single sector. The fund is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
Average — needs more confirmation before sizing up
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 | 41 |
| 🕐 1H | BEARISH | 27 |
| ⏱ 15-Min | BEARISH | 108 |
| ⏲ 5-Min | RANGING | 234 |
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.