Verdicts genuinely change. Free email alert the moment FSZ'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.
First Trust Switzerland AlphaDEX Fund ETF · First Trust Exchange-Traded AlphaDEX Fund II
41 holdings · as of 2026-06-30 (3.4 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 33.46% of portfolio weight is in non-compliant holdings, over the 5% threshold.
41 holdings, 36 matched (90% of weight). Portfolio as of 2026-06-30, filed 2026-08-21. Source: SEC Form N-PORT.
7.71% of this portfolio’s income is non-permissible — weighted across holdings, computed over 81% of portfolio weight (31 of 41 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.
51.9% compliant 0.0% questionable 33.5% non-compliant 9.4% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| SDZ.SW SANDOZ GROUP AG | COMPLIANT | 4.77% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| SFSN.SW SFS GROUP AG | COMPLIANT | 4.63% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| GALDY GALDERMA GROUP AG | COMPLIANT | 4.28% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| VACN.SW VAT GROUP AG | COMPLIANT | 4.14% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| SIGN.SW SIG GROUP AG | NON_COMPLIANT | 3.60% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| HOLN.SW HOLCIM AG | COMPLIANT | 3.54% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| AVOL.SW AVOLTA AG | NON_COMPLIANT | 3.46% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| UBSG.SW UBS GROUP AG | NON_COMPLIANT | 3.27% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SCMN.SW SWISSCOM AG | COMPLIANT | 3.27% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| BUCN.SW BUCHER INDUSTRIES AG | COMPLIANT | 3.26% | AAOIFIpass Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamicfail MSCI Islamic M-Series— FTSE Shariah— |
| GALE.SW GALENICA AG | COMPLIANT | 3.26% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| BARN.SW BARRY CALLEBAUT AG | NON_COMPLIANT | 3.24% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| RO.SW ROCHE HOLDING AG | COMPLIANT | 3.06% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| PSPN.SW PSP SWISS PROPERTY AG | NON_COMPLIANT | 3.03% | AAOIFI51.4% Usmani33.2% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic33.1% MSCI Islamic M-Seriesfail FTSE Shariah33.1% |
| EMMN.SW EMMI AG | COMPLIANT | 2.71% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| NVS NOVARTIS AG | COMPLIANT | 2.62% | AAOIFI12.5% Usmani25.9% Dow Jones Islamic11.8% S&P Shariah12.6% MSCI Islamic25.9% MSCI Islamic M-Series12.6% FTSE Shariah25.9% |
| VONN.SW VONTOBEL HOLDING AG | NON_COMPLIANT | 2.59% | AAOIFI56.8% Usmani8.2% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic8.2% MSCI Islamic M-Seriesfail FTSE Shariah8.2% |
| EFGN.SW EFG INTERNATIONAL AG | NON_COMPLIANT | 2.57% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| COMPAGNIE FINANCIERE RICHEMONT SA | UNSCREENED | 2.46% | no in-house ratios for this holding |
| DKSH.SW DKSH HOLDING AG | COMPLIANT | 2.45% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| BKW.SW BKW AG | NON_COMPLIANT | 2.44% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| ADECCO GROUP SA/AG | UNSCREENED | 2.43% | no in-house ratios for this holding |
| FLUGHAFEN ZUERICH AG | UNSCREENED | 2.25% | no in-house ratios for this holding |
| AMRZ AMRIZE AG | COMPLIANT | 2.24% | AAOIFI24.3% Usmani25.8% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic24.0% MSCI Islamic M-Seriespass FTSE Shariah21.4% |
| LUKN.SW LUZERNER KANTONALBANK AG | NON_COMPLIANT | 1.79% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| KUEHNE & NAGEL INTERNATIONAL AG | UNSCREENED | 1.73% | no in-house ratios for this holding |
| BAER.SW JULIUS BAER GROUP AG | NON_COMPLIANT | 1.69% | AAOIFI28.4% Usmani4.0% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic4.0% MSCI Islamic M-Seriesfail FTSE Shariah4.0% |
| YPSN.SW YPSOMED HOLDING AG | COMPLIANT | 1.68% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| HBAN.SW HELVETIA BALOISE HOLDING AG | NON_COMPLIANT | 1.51% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SLHN.SW SWISS LIFE HOLDING AG | NON_COMPLIANT | 1.47% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SREN.SW SWISS RE AG | NON_COMPLIANT | 1.46% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SOON.SW SONOVA HOLDING AG | COMPLIANT | 1.40% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| EMSN.SW EMS-CHEMIE HOLDING AG | COMPLIANT | 0.95% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| UHR.SW SWATCH GROUP AG (THE) | COMPLIANT | 0.89% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| SIKA.SW SIKA AG | COMPLIANT | 0.77% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| ZURN.SW ZURICH INSURANCE GROUP AG | NON_COMPLIANT | 0.75% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| LOGN.SW LOGITECH INTERNATIONAL SA | COMPLIANT | 0.70% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| ALC ALCON AG | COMPLIANT | 0.65% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| TEMN.SW TEMENOS AG | COMPLIANT | 0.63% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| SQN.SW SWISSQUOTE GROUP HOLDING SA | NON_COMPLIANT | 0.59% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| DREYFUS GOVERNMENT CASH MANAGEMENT FUNDS | UNSCREENED | 0.49% | no in-house ratios for this holding |
The published standards disagree about this fund by 10 points of portfolio weight — 47.0% of it passes AAOIFI, 36.9% passes Usmani. 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 47.0% ratios fail on 33.5% 14.3% not rated under AAOIFI
ratios pass on 36.9% ratios fail on 40.3% 17.5% not rated under Usmani
ratios pass on 38.6% ratios fail on 35.9% 20.2% not rated under Dow Jones Islamic
ratios pass on 38.6% ratios fail on 35.9% 20.2% not rated under S&P Shariah
ratios pass on 38.4% ratios fail on 39.5% 16.9% not rated under MSCI Islamic
ratios pass on 38.6% ratios fail on 35.9% 20.2% not rated under MSCI Islamic M-Series
ratios pass on 41.8% ratios fail on 32.8% 20.2% not rated under FTSE Shariah
36 of 41 listed holdings carry our own per-methodology verdicts (85% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 5 (12% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| SIGN.SW SIG GROUP AG | 3.60% |
| AVOL.SW AVOLTA AG | 3.46% |
| UBSG.SW UBS GROUP AG | 3.27% |
| BARN.SW BARRY CALLEBAUT AG | 3.24% |
| PSPN.SW PSP SWISS PROPERTY AG | 3.03% |
| VONN.SW VONTOBEL HOLDING AG | 2.59% |
| EFGN.SW EFG INTERNATIONAL AG | 2.57% |
| BKW.SW BKW AG | 2.44% |
| LUKN.SW LUZERNER KANTONALBANK AG | 1.79% |
| BAER.SW JULIUS BAER GROUP AG | 1.69% |
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.
First Trust Switzerland AlphaDEX Fund (FSZ) 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 FSZ — 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) | 49.00 | NEUTRAL |
| Stochastic %K (14) | 80.41 | SELL |
| CCI (20) | 35.00 | NEUTRAL |
| Williams %R (14) | -19.59 | SELL |
| MACD (12,26,9) | 0.10 | BUY |
| ROC (10) | -0.04 | SELL |
| Momentum (10) | -0.03 | SELL |
| EMA (10) | 78.61 | BUY |
| SMA (10) | 78.48 | BUY |
| EMA (20) | 78.92 | BUY |
| SMA (20) | 78.69 | BUY |
| EMA (30) | 79.30 | SELL |
| SMA (30) | 79.11 | SELL |
| EMA (50) | 79.87 | SELL |
| SMA (50) | 80.57 | SELL |
| EMA (100) | 80.32 | SELL |
| SMA (100) | 80.99 | SELL |
| EMA (200) | 79.93 | SELL |
| SMA (200) | 80.84 | SELL |
The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index is designed to select stocks from the NASDAQ Switzerland Index (the "base index") that may generate positive alpha, or risk-adjusted returns, relative to traditional indices through the use of the AlphaDEX® selection methodology.
Background via Yahoo Finance — informational, not part of the verdict.
Good setup, solid confluence
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 |
| ⏲ 5-Min | BEARISH | 20 |
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 2026-10-06 · Asset managers net 906615 (+2612)
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.