Verdicts genuinely change. Free email alert the moment HSMV'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 Horizon Managed Volatility Small/Mid ETF · First Trust Exchange-Traded Fund III
151 holdings
NON-COMPLIANT 46.79% of portfolio weight is in non-compliant holdings, over the 5% threshold.
151 holdings, 118 matched (78% of weight). Portfolio as of 2026-07-31, filed 2026-09-22. Source: SEC Form N-PORT.
2.69% of this portfolio’s income is non-permissible — weighted across holdings, computed over 71% of portfolio weight (106 of 151 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.
29.0% compliant 2.3% questionable 46.8% non-compliant 21.9% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| PECO PHILLIPS EDISON & COMPANY INC | NON_COMPLIANT | 2.18% | AAOIFI44.6% Usmani45.0% Dow Jones Islamic54.6% S&P Shariah57.5% MSCI Islamic45.0% MSCI Islamic M-Series57.5% FTSE Shariah45.0% |
| OGE OGE ENERGY CORP | NON_COMPLIANT | 1.97% | AAOIFI55.4% Usmani37.1% Dow Jones Islamic61.2% S&P Shariah67.4% MSCI Islamic37.1% MSCI Islamic M-Series67.4% FTSE Shariah37.1% |
| INGR INGREDION INC | COMPLIANT | 1.59% | AAOIFI28.1% Usmani22.1% Dow Jones Islamic23.4% S&P Shariah24.2% MSCI Islamic22.1% MSCI Islamic M-Series24.2% FTSE Shariah22.1% |
| NNN REIT INC | UNSCREENED | 1.54% | no in-house ratios for this holding |
| ELLINGTON FINANCIAL INC | UNSCREENED | 1.54% | no in-house ratios for this holding |
| IDA IDACORP INC | NON_COMPLIANT | 1.47% | AAOIFI43.9% Usmani33.8% Dow Jones Islamic52.0% S&P Shariah58.2% MSCI Islamic33.7% MSCI Islamic M-Series58.2% FTSE Shariah33.7% |
| AGREE REALTY CORP | UNSCREENED | 1.39% | no in-house ratios for this holding |
| FCPT FOUR CORNERS PROPERTY TRUST INC | NON_COMPLIANT | 1.39% | AAOIFI45.8% Usmani41.8% Dow Jones Islamic49.5% S&P Shariah53.9% MSCI Islamic41.8% MSCI Islamic M-Series53.9% FTSE Shariah41.8% |
| STWD STARWOOD PROPERTY TRUST INC | NON_COMPLIANT | 1.39% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| THG HANOVER INSURANCE GROUP INC (THE) | NON_COMPLIANT | 1.25% | AAOIFI10.6% Usmani5.0% Dow Jones Islamic13.8% S&P Shariah15.3% MSCI Islamic5.0% MSCI Islamic M-Series15.3% FTSE Shariah5.0% |
| GGG GRACO INC | COMPLIANT | 1.24% | AAOIFI0.2% Usmani0.8% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic0.8% MSCI Islamic M-Series0.2% FTSE Shariah0.1% |
| RS RELIANCE INC | COMPLIANT | 1.24% | AAOIFI9.9% Usmani18.8% Dow Jones Islamic12.5% S&P Shariah12.6% MSCI Islamic18.8% MSCI Islamic M-Series12.6% FTSE Shariah15.7% |
| SERVICE CORPORATION INTERNATIONAL | UNSCREENED | 1.19% | no in-house ratios for this holding |
| PAG PENSKE AUTOMOTIVE GROUP INC | NON_COMPLIANT | 1.19% | AAOIFI35.2% Usmani27.1% Dow Jones Islamic46.5% S&P Shariah48.2% MSCI Islamic27.1% MSCI Islamic M-Series48.2% FTSE Shariah13.5% |
| DTM DT MIDSTREAM INC | COMPLIANT | 1.18% | AAOIFI25.5% Usmani33.0% Dow Jones Islamic30.1% S&P Shariah36.3% MSCI Islamic33.0% MSCI Islamic M-Series36.3% FTSE Shariah32.6% |
| CHCO CITY HOLDING COMPANY | NON_COMPLIANT | 1.17% | AAOIFI7.3% Usmani2.2% Dow Jones Islamic8.6% S&P Shariah9.2% MSCI Islamic2.2% MSCI Islamic M-Series9.2% FTSE Shariah2.2% |
| GATX GATX CORP | NON_COMPLIANT | 1.17% | AAOIFI198.2% Usmani69.6% Dow Jones Islamic214.1% S&P Shariah234.3% MSCI Islamic69.6% MSCI Islamic M-Series234.3% FTSE Shariah69.6% |
| ANTERO MIDSTREAM CORP | UNSCREENED | 1.14% | no in-house ratios for this holding |
| MCRI MONARCH CASINO & RESORT INC | NON_COMPLIANT | 1.11% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| WPC W.P. CAREY INC | NON_COMPLIANT | 1.08% | AAOIFI52.5% Usmani47.5% Dow Jones Islamic64.6% S&P Shariah69.0% MSCI Islamic47.5% MSCI Islamic M-Series69.0% FTSE Shariah47.5% |
| ANNALY CAPITAL MANAGEMENT INC | UNSCREENED | 1.03% | no in-house ratios for this holding |
| IOSP INNOSPEC INC | COMPLIANT | 1.02% | AAOIFI2.1% Usmani2.6% Dow Jones Islamic2.2% S&P Shariah2.0% MSCI Islamic2.6% MSCI Islamic M-Series2.0% FTSE Shariah0.0% |
| NJR NEW JERSEY RESOURCES CORP | NON_COMPLIANT | 1.02% | AAOIFI66.4% Usmani45.0% Dow Jones Islamic74.8% S&P Shariah80.1% MSCI Islamic44.8% MSCI Islamic M-Series80.1% FTSE Shariah42.6% |
| EHC ENCOMPASS HEALTH CORP | COMPLIANT | 1.02% | AAOIFI23.9% Usmani38.1% Dow Jones Islamic26.5% S&P Shariah29.4% MSCI Islamic38.1% MSCI Islamic M-Series29.4% FTSE Shariah35.3% |
| OGS ONE GAS INC | NON_COMPLIANT | 1.00% | AAOIFI51.6% Usmani29.4% Dow Jones Islamic57.7% S&P Shariah63.4% MSCI Islamic29.4% MSCI Islamic M-Series63.4% FTSE Shariah29.4% |
| BCPC BALCHEM CORP | COMPLIANT | 0.99% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| MSA MSA SAFETY INC | COMPLIANT | 0.97% | AAOIFI8.8% Usmani24.7% Dow Jones Islamic9.9% S&P Shariah9.8% MSCI Islamic24.7% MSCI Islamic M-Series9.8% FTSE Shariah23.1% |
| MSM MSC INDUSTRIAL DIRECT CO INC | COMPLIANT | 0.97% | AAOIFI8.2% Usmani22.3% Dow Jones Islamic11.4% S&P Shariah11.5% MSCI Islamic22.3% MSCI Islamic M-Series11.5% FTSE Shariah20.3% |
| ATR APTARGROUP INC | COMPLIANT | 0.94% | AAOIFI17.2% Usmani26.9% Dow Jones Islamic15.2% S&P Shariah15.4% MSCI Islamic26.9% MSCI Islamic M-Series15.4% FTSE Shariah26.0% |
| UNIVERSAL CORP | UNSCREENED | 0.94% | no in-house ratios for this holding |
| WTS WATTS WATER TECHNOLOGIES INC | COMPLIANT | 0.93% | AAOIFI0.9% Usmani3.7% Dow Jones Islamic1.2% S&P Shariah1.4% MSCI Islamic3.7% MSCI Islamic M-Series1.4% FTSE Shariah3.7% |
| NEU NEWMARKET CORP | COMPLIANT | 0.93% | AAOIFI11.5% Usmani26.0% Dow Jones Islamic15.1% S&P Shariah16.2% MSCI Islamic26.0% MSCI Islamic M-Series16.2% FTSE Shariah23.6% |
| DLB DOLBY LABORATORIES INC | COMPLIANT | 0.93% | AAOIFI0.8% Usmani1.5% Dow Jones Islamic0.7% S&P Shariah0.7% MSCI Islamic1.5% MSCI Islamic M-Series0.7% FTSE Shariah0.0% |
| AVISTA CORP | UNSCREENED | 0.93% | no in-house ratios for this holding |
| ARW ARROW ELECTRONICS INC | COMPLIANT | 0.92% | AAOIFI17.6% Usmani5.7% Dow Jones Islamic29.5% S&P Shariah30.6% MSCI Islamic5.7% MSCI Islamic M-Series30.6% FTSE Shariah5.7% |
| ELS EQUITY LIFESTYLE PROPERTIES INC | COMPLIANT | 0.91% | AAOIFI27.9% Usmani58.2% Dow Jones Islamic27.8% S&P Shariah28.2% MSCI Islamic58.2% MSCI Islamic M-Series28.2% FTSE Shariah58.2% |
| GVA GRANITE CONSTRUCTION INC | COMPLIANT | 0.91% | AAOIFI33.2% Usmani36.3% Dow Jones Islamic37.9% S&P Shariah45.5% MSCI Islamic36.3% MSCI Islamic M-Series45.5% FTSE Shariah32.6% |
| AVT AVNET INC | NON_COMPLIANT | 0.91% | AAOIFI46.0% Usmani22.5% Dow Jones Islamic70.8% S&P Shariah74.3% MSCI Islamic22.5% MSCI Islamic M-Series74.3% FTSE Shariah20.8% |
| AGO ASSURED GUARANTY LTD | NON_COMPLIANT | 0.91% | AAOIFI51.2% Usmani13.5% Dow Jones Islamic42.8% S&P Shariah42.5% MSCI Islamic13.5% MSCI Islamic M-Series42.5% FTSE Shariah13.5% |
| KORN FERRY | UNSCREENED | 0.90% | no in-house ratios for this holding |
| CROWN HOLDINGS INC | UNSCREENED | 0.90% | no in-house ratios for this holding |
| AFG AMERICAN FINANCIAL GROUP INC | NON_COMPLIANT | 0.90% | AAOIFI15.4% Usmani5.5% Dow Jones Islamic17.2% S&P Shariah18.2% MSCI Islamic5.5% MSCI Islamic M-Series18.2% FTSE Shariah5.5% |
| HORACE MANN EDUCATORS CORP | UNSCREENED | 0.89% | no in-house ratios for this holding |
| SPIRE INC (US) | UNSCREENED | 0.88% | no in-house ratios for this holding |
| ALV AUTOLIV INC | COMPLIANT | 0.88% | AAOIFI23.9% Usmani25.8% Dow Jones Islamic26.7% S&P Shariah26.6% MSCI Islamic25.8% MSCI Islamic M-Series26.6% FTSE Shariah24.0% |
| RPM RPM INTERNATIONAL INC | COMPLIANT | 0.88% | AAOIFI21.9% Usmani35.3% Dow Jones Islamic20.5% S&P Shariah21.0% MSCI Islamic35.3% MSCI Islamic M-Series21.0% FTSE Shariah30.4% |
| REYN REYNOLDS CONSUMER PRODUCTS INC | NON_COMPLIANT | 0.88% | AAOIFI35.4% Usmani33.4% Dow Jones Islamic33.1% S&P Shariah32.3% MSCI Islamic33.1% MSCI Islamic M-Series32.3% FTSE Shariah31.0% |
| LTC LTC PROPERTIES INC | NON_COMPLIANT | 0.87% | AAOIFI35.4% Usmani35.7% Dow Jones Islamic47.6% S&P Shariah52.3% MSCI Islamic35.7% MSCI Islamic M-Series52.3% FTSE Shariah35.7% |
| CHE CHEMED CORP | COMPLIANT | 0.85% | AAOIFI4.3% Usmani18.7% Dow Jones Islamic4.2% S&P Shariah3.9% MSCI Islamic18.7% MSCI Islamic M-Series3.9% FTSE Shariah8.9% |
| DCI DONALDSON COMPANY INC | COMPLIANT | 0.83% | AAOIFI13.2% Usmani33.6% Dow Jones Islamic14.4% S&P Shariah15.1% MSCI Islamic33.6% MSCI Islamic M-Series15.1% FTSE Shariah32.1% |
| AWI ARMSTRONG WORLD INDUSTRIES INC | COMPLIANT | 0.82% | AAOIFI7.5% Usmani28.9% Dow Jones Islamic7.7% S&P Shariah8.7% MSCI Islamic27.1% MSCI Islamic M-Series8.7% FTSE Shariah24.5% |
| NYT NEW YORK TIMES COMPANY (THE) | QUESTIONABLE | 0.81% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| ABM INDUSTRIES INC | UNSCREENED | 0.80% | no in-house ratios for this holding |
| PRESTIGE CONSUMER HEALTHCARE INC | UNSCREENED | 0.80% | no in-house ratios for this holding |
| HXL HEXCEL CORP | COMPLIANT | 0.80% | AAOIFI13.9% Usmani35.1% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic35.1% MSCI Islamic M-Series0.0% FTSE Shariah35.1% |
| CLH CLEAN HARBORS INC | COMPLIANT | 0.79% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| FELE FRANKLIN ELECTRIC CO INC | COMPLIANT | 0.79% | AAOIFI6.6% Usmani14.6% Dow Jones Islamic6.7% S&P Shariah6.7% MSCI Islamic14.6% MSCI Islamic M-Series6.7% FTSE Shariah11.2% |
| GNTX GENTEX CORP | COMPLIANT | 0.78% | AAOIFI0.2% Usmani0.4% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic0.4% MSCI Islamic M-Series0.2% FTSE Shariah0.1% |
| MSGS MADISON SQUARE GARDEN SPORTS CORP | QUESTIONABLE | 0.77% | AAOIFI12.3% Usmani75.5% Dow Jones Islamic18.8% S&P Shariah20.8% MSCI Islamic75.5% MSCI Islamic M-Series20.8% FTSE Shariah16.8% |
| FCN FTI CONSULTING INC | NON_COMPLIANT | 0.77% | AAOIFI30.3% Usmani35.9% Dow Jones Islamic22.2% S&P Shariah20.2% MSCI Islamic35.9% MSCI Islamic M-Series20.2% FTSE Shariah28.8% |
| POST POST HOLDINGS INC | NON_COMPLIANT | 0.75% | AAOIFI205.1% Usmani59.4% Dow Jones Islamic136.3% S&P Shariah133.6% MSCI Islamic59.4% MSCI Islamic M-Series133.6% FTSE Shariah59.4% |
| SON SONOCO PRODUCTS COMPANY | NON_COMPLIANT | 0.75% | AAOIFI101.6% Usmani45.7% Dow Jones Islamic108.8% S&P Shariah106.8% MSCI Islamic45.2% MSCI Islamic M-Series106.8% FTSE Shariah42.4% |
| WDFC WD-40 COMPANY | COMPLIANT | 0.74% | AAOIFI3.7% Usmani22.9% Dow Jones Islamic3.8% S&P Shariah3.8% MSCI Islamic22.9% MSCI Islamic M-Series3.8% FTSE Shariah20.1% |
| ESNT ESSENT GROUP LTD | NON_COMPLIANT | 0.72% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| BJ BJ'S WHOLESALE CLUB HOLDINGS INC | QUESTIONABLE | 0.71% | AAOIFI23.1% Usmani34.7% Dow Jones Islamic21.7% S&P Shariah23.4% MSCI Islamic34.7% MSCI Islamic M-Series23.4% FTSE Shariah7.9% |
| PORTLAND GENERAL ELECTRIC COMPANY | UNSCREENED | 0.70% | no in-house ratios for this holding |
| COPT DEFENSE PROPERTIES | UNSCREENED | 0.69% | no in-house ratios for this holding |
| ITT ITT INC | COMPLIANT | 0.67% | AAOIFI17.1% Usmani27.9% Dow Jones Islamic22.2% S&P Shariah24.6% MSCI Islamic27.9% MSCI Islamic M-Series24.6% FTSE Shariah26.9% |
| SLGN SILGAN HOLDINGS INC | NON_COMPLIANT | 0.66% | AAOIFI111.4% Usmani50.5% Dow Jones Islamic99.0% S&P Shariah101.1% MSCI Islamic50.5% MSCI Islamic M-Series101.1% FTSE Shariah50.5% |
| ENSG ENSIGN GROUP INC (THE) | COMPLIANT | 0.65% | AAOIFI22.6% Usmani39.1% Dow Jones Islamic24.0% S&P Shariah26.7% MSCI Islamic39.1% MSCI Islamic M-Series26.7% FTSE Shariah2.4% |
| RLI RLI CORP | NON_COMPLIANT | 0.65% | AAOIFI5.2% Usmani4.6% Dow Jones Islamic5.1% S&P Shariah5.1% MSCI Islamic4.6% MSCI Islamic M-Series5.1% FTSE Shariah4.6% |
| COMMERCE BANCSHARES INC (MO) | UNSCREENED | 0.64% | no in-house ratios for this holding |
| INVA INNOVIVA INC | NON_COMPLIANT | 0.63% | AAOIFI17.5% Usmani15.8% Dow Jones Islamic19.8% S&P Shariah21.9% MSCI Islamic15.8% MSCI Islamic M-Series21.9% FTSE Shariah15.2% |
| NWN NORTHWEST NATURAL HOLDING COMPANY | NON_COMPLIANT | 0.63% | AAOIFI124.6% Usmani40.1% Dow Jones Islamic146.2% S&P Shariah161.6% MSCI Islamic40.1% MSCI Islamic M-Series161.6% FTSE Shariah38.8% |
| WMG WARNER MUSIC GROUP CORP | NON_COMPLIANT | 0.61% | AAOIFI34.2% Usmani45.9% Dow Jones Islamic15713033.1% S&P Shariah15478978.9% MSCI Islamic45.9% MSCI Islamic M-Series15478978.9% FTSE Shariah43.9% |
| PRI PRIMERICA INC | NON_COMPLIANT | 0.61% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| BLACKSTONE MORTGAGE TRUST INC | UNSCREENED | 0.61% | no in-house ratios for this holding |
| ACT ENACT HOLDINGS INC | NON_COMPLIANT | 0.60% | AAOIFI11.0% Usmani10.7% Dow Jones Islamic13.6% S&P Shariah14.5% MSCI Islamic10.7% MSCI Islamic M-Series14.5% FTSE Shariah10.7% |
| HTH HILLTOP HOLDINGS INC | NON_COMPLIANT | 0.59% | AAOIFI56.0% Usmani7.9% Dow Jones Islamic61.8% S&P Shariah63.2% MSCI Islamic7.9% MSCI Islamic M-Series63.2% FTSE Shariah7.9% |
| GLPI GAMING AND LEISURE PROPERTIES INC | NON_COMPLIANT | 0.59% | AAOIFI66.7% Usmani57.1% Dow Jones Islamic65.1% S&P Shariah68.3% MSCI Islamic57.1% MSCI Islamic M-Series68.3% FTSE Shariah57.1% |
| MZTI MARZETTI COMPANY (THE) | COMPLIANT | 0.58% | AAOIFI8.5% Usmani15.8% Dow Jones Islamic5.6% S&P Shariah5.4% MSCI Islamic15.2% MSCI Islamic M-Series5.4% FTSE Shariah12.4% |
| SEIC SEI INVESTMENTS COMPANY | NON_COMPLIANT | 0.58% | AAOIFI0.2% Usmani1.1% Dow Jones Islamic0.3% S&P Shariah0.3% MSCI Islamic1.1% MSCI Islamic M-Series0.3% FTSE Shariah0.0% |
| DMC DEL MONTE CORP | NON_COMPLIANT | 0.58% | AAOIFI39.3% Usmani17.6% Dow Jones Islamic38.1% S&P Shariah42.5% MSCI Islamic17.6% MSCI Islamic M-Series42.5% FTSE Shariah12.8% |
| CNO CNO FINANCIAL GROUP INC | NON_COMPLIANT | 0.57% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| JJSF J & J SNACK FOODS CORP | COMPLIANT | 0.57% | AAOIFI14.0% Usmani16.3% Dow Jones Islamic10.5% S&P Shariah9.3% MSCI Islamic16.2% MSCI Islamic M-Series9.3% FTSE Shariah4.2% |
| ORI OLD REPUBLIC INTERNATIONAL CORP | NON_COMPLIANT | 0.57% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| HOMB HOME BANCSHARES INC | NON_COMPLIANT | 0.57% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| FIRST COMMONWEALTH FINANCIAL CORP | UNSCREENED | 0.55% | no in-house ratios for this holding |
| EIG EMPLOYERS HOLDINGS INC | NON_COMPLIANT | 0.53% | AAOIFI14.0% Usmani3.7% Dow Jones Islamic12.5% S&P Shariah12.5% MSCI Islamic3.7% MSCI Islamic M-Series12.5% FTSE Shariah3.7% |
| MTG MGIC INVESTMENT CORP | NON_COMPLIANT | 0.53% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| LOPE GRAND CANYON EDUCATION INC | COMPLIANT | 0.53% | AAOIFI2.6% Usmani11.3% Dow Jones Islamic2.2% S&P Shariah2.3% MSCI Islamic11.3% MSCI Islamic M-Series2.3% FTSE Shariah0.0% |
| CFR CULLEN/FROST BANKERS INC | NON_COMPLIANT | 0.53% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| NWBI NORTHWEST BANCSHARES INC | NON_COMPLIANT | 0.53% | AAOIFI16.1% Usmani2.1% Dow Jones Islamic21.6% S&P Shariah23.7% MSCI Islamic2.1% MSCI Islamic M-Series23.7% FTSE Shariah2.1% |
| NMIH NMI HOLDINGS INC | NON_COMPLIANT | 0.52% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| RDN RADIAN GROUP INC | NON_COMPLIANT | 0.51% | AAOIFI25.4% Usmani11.6% Dow Jones Islamic26.6% S&P Shariah27.5% MSCI Islamic11.6% MSCI Islamic M-Series27.5% FTSE Shariah11.6% |
| AWR AMERICAN STATES WATER COMPANY | COMPLIANT | 0.51% | AAOIFI22.1% Usmani26.1% Dow Jones Islamic24.7% S&P Shariah25.5% MSCI Islamic26.1% MSCI Islamic M-Series25.5% FTSE Shariah25.9% |
| ACM AECOM | NON_COMPLIANT | 0.50% | AAOIFI38.2% Usmani27.8% Dow Jones Islamic25.1% S&P Shariah25.9% MSCI Islamic27.2% MSCI Islamic M-Series25.9% FTSE Shariah22.1% |
| UNM UNUM GROUP | NON_COMPLIANT | 0.50% | AAOIFI24.7% Usmani5.9% Dow Jones Islamic29.4% S&P Shariah32.7% MSCI Islamic5.9% MSCI Islamic M-Series32.7% FTSE Shariah5.9% |
| RGA REINSURANCE GROUP OF AMERICA INC | NON_COMPLIANT | 0.49% | AAOIFI34.5% Usmani3.4% Dow Jones Islamic42.7% S&P Shariah45.0% MSCI Islamic3.4% MSCI Islamic M-Series45.0% FTSE Shariah3.4% |
| PB PROSPERITY BANCSHARES INC | NON_COMPLIANT | 0.48% | AAOIFI24.6% Usmani4.9% Dow Jones Islamic31.8% S&P Shariah34.1% MSCI Islamic4.9% MSCI Islamic M-Series34.1% FTSE Shariah4.9% |
| ARMOUR RESIDENTIAL REIT INC | UNSCREENED | 0.48% | no in-house ratios for this holding |
| EPRT ESSENTIAL PROPERTIES REALTY TRUST INC | NON_COMPLIANT | 0.47% | AAOIFI45.0% Usmani39.1% Dow Jones Islamic49.1% S&P Shariah55.6% MSCI Islamic39.1% MSCI Islamic M-Series55.6% FTSE Shariah39.1% |
| APOLLO COMMERCIAL REAL ESTATE FINANCE INC | UNSCREENED | 0.46% | no in-house ratios for this holding |
| FAF FIRST AMERICAN FINANCIAL CORP | NON_COMPLIANT | 0.45% | AAOIFI15.3% Usmani6.0% Dow Jones Islamic17.7% S&P Shariah18.6% MSCI Islamic6.0% MSCI Islamic M-Series18.6% FTSE Shariah6.0% |
| SWX SOUTHWEST GAS HOLDINGS INC | NON_COMPLIANT | 0.45% | AAOIFI55.0% Usmani33.5% Dow Jones Islamic62.9% S&P Shariah67.5% MSCI Islamic33.5% MSCI Islamic M-Series67.5% FTSE Shariah33.5% |
| RNR RENAISSANCERE HOLDINGS LTD | NON_COMPLIANT | 0.44% | AAOIFI17.0% Usmani4.2% Dow Jones Islamic18.5% S&P Shariah19.2% MSCI Islamic4.2% MSCI Islamic M-Series19.2% FTSE Shariah4.2% |
| ACI ALBERTSONS COMPANIES INC | NON_COMPLIANT | 0.44% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| FNF FIDELITY NATIONAL FINANCIAL INC | NON_COMPLIANT | 0.43% | AAOIFI35.7% Usmani3.8% Dow Jones Islamic29.8% S&P Shariah31.6% MSCI Islamic3.8% MSCI Islamic M-Series31.6% FTSE Shariah3.8% |
| BLACK HILLS CORP | UNSCREENED | 0.39% | no in-house ratios for this holding |
| OHI OMEGA HEALTHCARE INVESTORS INC | NON_COMPLIANT | 0.38% | AAOIFI30.5% Usmani42.9% Dow Jones Islamic37.6% S&P Shariah43.5% MSCI Islamic42.9% MSCI Islamic M-Series43.5% FTSE Shariah42.9% |
| KRG KITE REALTY GROUP TRUST | NON_COMPLIANT | 0.37% | AAOIFI54.4% Usmani45.4% Dow Jones Islamic57.1% S&P Shariah59.9% MSCI Islamic45.4% MSCI Islamic M-Series59.9% FTSE Shariah45.4% |
| CHESAPEAKE UTILITIES CORP | UNSCREENED | 0.35% | no in-house ratios for this holding |
| BRIXMOR PROPERTY GROUP INC | UNSCREENED | 0.35% | no in-house ratios for this holding |
| EGP EASTGROUP PROPERTIES INC | COMPLIANT | 0.34% | AAOIFI15.0% Usmani29.2% Dow Jones Islamic17.6% S&P Shariah18.6% MSCI Islamic29.2% MSCI Islamic M-Series18.6% FTSE Shariah29.2% |
| FCFS FIRSTCASH HOLDINGS INC | NON_COMPLIANT | 0.34% | AAOIFI27.6% Usmani49.3% Dow Jones Islamic40.0% S&P Shariah44.0% MSCI Islamic49.3% MSCI Islamic M-Series44.0% FTSE Shariah42.8% |
| PMT PENNYMAC MORTGAGE INVESTMENT TRUST | NON_COMPLIANT | 0.34% | AAOIFI82.7% Usmani2.8% Dow Jones Islamic73.8% S&P Shariah75.6% MSCI Islamic2.8% MSCI Islamic M-Series75.6% FTSE Shariah2.8% |
| NFG NATIONAL FUEL GAS COMPANY | NON_COMPLIANT | 0.33% | AAOIFI44.7% Usmani34.1% Dow Jones Islamic50.5% S&P Shariah57.4% MSCI Islamic34.1% MSCI Islamic M-Series57.4% FTSE Shariah34.1% |
| HR HEALTHCARE REALTY TRUST INC | NON_COMPLIANT | 0.31% | AAOIFI63.6% Usmani46.3% Dow Jones Islamic71.4% S&P Shariah74.8% MSCI Islamic46.3% MSCI Islamic M-Series74.8% FTSE Shariah46.3% |
| UGI CORP | UNSCREENED | 0.30% | no in-house ratios for this holding |
| AMH AMERICAN HOMES 4 RENT | NON_COMPLIANT | 0.27% | AAOIFI43.9% Usmani39.1% Dow Jones Islamic43.1% S&P Shariah43.1% MSCI Islamic39.1% MSCI Islamic M-Series43.1% FTSE Shariah39.1% |
| GETTY REALTY CORP | UNSCREENED | 0.23% | no in-house ratios for this holding |
| HIGHWOODS PROPERTIES INC | UNSCREENED | 0.22% | no in-house ratios for this holding |
| DREYFUS GOVERNMENT CASH MANAGEMENT FUNDS | UNSCREENED | 0.21% | no in-house ratios for this holding |
| PSA PUBLIC STORAGE | NON_COMPLIANT | 0.21% | AAOIFI18.1% Usmani50.6% Dow Jones Islamic19.9% S&P Shariah20.7% MSCI Islamic50.6% MSCI Islamic M-Series20.7% FTSE Shariah50.6% |
| APPLE HOSPITALITY REIT INC | UNSCREENED | 0.20% | no in-house ratios for this holding |
| CUZ COUSINS PROPERTIES INC | NON_COMPLIANT | 0.20% | AAOIFI77.9% Usmani41.3% Dow Jones Islamic85.2% S&P Shariah94.4% MSCI Islamic41.3% MSCI Islamic M-Series94.4% FTSE Shariah41.3% |
| STAG STAG INDUSTRIAL INC | NON_COMPLIANT | 0.19% | AAOIFI44.2% Usmani44.6% Dow Jones Islamic48.2% S&P Shariah49.6% MSCI Islamic44.6% MSCI Islamic M-Series49.6% FTSE Shariah44.6% |
| UE URBAN EDGE PROPERTIES | NON_COMPLIANT | 0.19% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| LXP LXP INDUSTRIAL TRUST | NON_COMPLIANT | 0.18% | AAOIFI38.0% Usmani39.4% Dow Jones Islamic51.3% S&P Shariah53.6% MSCI Islamic39.4% MSCI Islamic M-Series53.6% FTSE Shariah39.4% |
| AAT AMERICAN ASSETS TRUST INC | NON_COMPLIANT | 0.18% | AAOIFI128.1% Usmani58.6% Dow Jones Islamic137.3% S&P Shariah141.5% MSCI Islamic58.6% MSCI Islamic M-Series141.5% FTSE Shariah58.6% |
| LAMAR ADVERTISING COMPANY | UNSCREENED | 0.17% | no in-house ratios for this holding |
| SKT TANGER INC | NON_COMPLIANT | 0.16% | AAOIFI43.4% Usmani65.1% Dow Jones Islamic49.7% S&P Shariah55.2% MSCI Islamic65.1% MSCI Islamic M-Series55.2% FTSE Shariah65.1% |
| CURB CURBLINE PROPERTIES CORP | NON_COMPLIANT | 0.16% | AAOIFI17.6% Usmani22.7% Dow Jones Islamic23.2% S&P Shariahfail MSCI Islamic22.7% MSCI Islamic M-Seriesfail FTSE Shariah22.7% |
| TRNO TERRENO REALTY CORP | COMPLIANT | 0.16% | AAOIFI13.1% Usmani16.5% Dow Jones Islamic15.2% S&P Shariah16.2% MSCI Islamic16.5% MSCI Islamic M-Series16.2% FTSE Shariah16.5% |
| CTRE CARETRUST REIT INC | NON_COMPLIANT | 0.16% | AAOIFI14.0% Usmani20.3% Dow Jones Islamic17.7% S&P Shariah21.9% MSCI Islamic20.3% MSCI Islamic M-Series21.9% FTSE Shariah20.3% |
| ACADIA REALTY TRUST | UNSCREENED | 0.16% | no in-house ratios for this holding |
| CWT CALIFORNIA WATER SERVICE GROUP | NON_COMPLIANT | 0.16% | AAOIFI47.6% Usmani24.7% Dow Jones Islamic53.9% S&P Shariah54.3% MSCI Islamic24.7% MSCI Islamic M-Series54.3% FTSE Shariah24.7% |
| EPR EPR PROPERTIES | NON_COMPLIANT | 0.16% | AAOIFI71.8% Usmani54.4% Dow Jones Islamic86.7% S&P Shariah95.5% MSCI Islamic54.4% MSCI Islamic M-Series95.5% FTSE Shariah54.4% |
| DEA EASTERLY GOVERNMENT PROPERTIES INC | NON_COMPLIANT | 0.16% | AAOIFI147.2% Usmani50.0% Dow Jones Islamic179.5% S&P Shariah177.7% MSCI Islamic50.0% MSCI Islamic M-Series177.7% FTSE Shariah50.0% |
| REXR REXFORD INDUSTRIAL REALTY INC | NON_COMPLIANT | 0.15% | AAOIFI39.8% Usmani28.1% Dow Jones Islamic38.3% S&P Shariah36.9% MSCI Islamic28.1% MSCI Islamic M-Series36.9% FTSE Shariah28.1% |
| FIRST INDUSTRIAL REALTY TRUST INC | UNSCREENED | 0.15% | no in-house ratios for this holding |
| RYN RAYONIER INC | NON_COMPLIANT | 0.15% | AAOIFI34.1% Usmani27.1% Dow Jones Islamic48.4% S&P Shariah51.1% MSCI Islamic26.9% MSCI Islamic M-Series51.1% FTSE Shariah26.6% |
| CUBE CUBESMART | NON_COMPLIANT | 0.15% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| AHR AMERICAN HEALTHCARE REIT INC | COMPLIANT | 0.15% | AAOIFI14.3% Usmani33.6% Dow Jones Islamic22.1% S&P Shariah25.8% MSCI Islamic31.1% MSCI Islamic M-Series25.8% FTSE Shariah31.1% |
| IRT INDEPENDENCE REALTY TRUST INC | NON_COMPLIANT | 0.15% | AAOIFI62.8% Usmani40.1% Dow Jones Islamic60.8% S&P Shariah64.8% MSCI Islamic40.1% MSCI Islamic M-Series64.8% FTSE Shariah40.1% |
| HTO H2O AMERICA | NON_COMPLIANT | 0.15% | AAOIFI69.6% Usmani35.0% Dow Jones Islamic99.4% S&P Shariah101.6% MSCI Islamic35.0% MSCI Islamic M-Series101.6% FTSE Shariah35.0% |
| SBRA SABRA HEALTH CARE REIT INC | NON_COMPLIANT | 0.14% | AAOIFI49.4% Usmani47.6% Dow Jones Islamic61.2% S&P Shariah69.2% MSCI Islamic47.6% MSCI Islamic M-Series69.2% FTSE Shariah47.6% |
| OTTR OTTER TAIL CORP | NON_COMPLIANT | 0.14% | AAOIFI32.2% Usmani28.2% Dow Jones Islamic36.0% S&P Shariah36.2% MSCI Islamic28.2% MSCI Islamic M-Series36.2% FTSE Shariah28.2% |
| MDU MDU RESOURCES GROUP INC | NON_COMPLIANT | 0.13% | AAOIFI62.6% Usmani33.4% Dow Jones Islamic59.6% S&P Shariah60.0% MSCI Islamic33.4% MSCI Islamic M-Series60.0% FTSE Shariah33.4% |
| GLOBAL NET LEASE INC | UNSCREENED | 0.13% | no in-house ratios for this holding |
| ORA ORMAT TECHNOLOGIES INC | NON_COMPLIANT | 0.12% | AAOIFI18.2% Usmani17.9% Dow Jones Islamic21.1% S&P Shariah23.3% MSCI Islamic17.8% MSCI Islamic M-Series23.3% FTSE Shariah17.2% |
The published standards disagree about this fund by 7 points of portfolio weight — 28.5% of it passes FTSE Shariah, 21.4% 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 27.6% ratios fail on 46.3% 26.1% not rated under AAOIFI
ratios pass on 23.1% ratios fail on 49.4% 27.4% not rated under Usmani
ratios pass on 26.1% ratios fail on 45.9% 27.9% not rated under Dow Jones Islamic
ratios pass on 25.8% ratios fail on 46.2% 27.9% not rated under S&P Shariah
ratios pass on 21.4% ratios fail on 51.4% 27.2% not rated under MSCI Islamic
ratios pass on 25.8% ratios fail on 46.2% 27.9% not rated under MSCI Islamic M-Series
ratios pass on 28.5% ratios fail on 43.2% 28.2% not rated under FTSE Shariah
118 of 151 listed holdings carry our own per-methodology verdicts (78% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 112 (74% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| PECO PHILLIPS EDISON & COMPANY INC | 2.18% |
| OGE OGE ENERGY CORP | 1.97% |
| IDA IDACORP INC | 1.47% |
| FCPT FOUR CORNERS PROPERTY TRUST INC | 1.39% |
| STWD STARWOOD PROPERTY TRUST INC | 1.39% |
| THG HANOVER INSURANCE GROUP INC (THE) | 1.25% |
| PAG PENSKE AUTOMOTIVE GROUP INC | 1.19% |
| CHCO CITY HOLDING COMPANY | 1.17% |
| GATX GATX CORP | 1.17% |
| MCRI MONARCH CASINO & RESORT INC | 1.11% |
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 Horizon Managed Volatility Small/Mid ETF (HSMV) 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 HSMV — 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) | 41.90 | NEUTRAL |
| Stochastic %K (14) | 70.48 | NEUTRAL |
| CCI (20) | -8.74 | NEUTRAL |
| Williams %R (14) | -29.52 | NEUTRAL |
| MACD (12,26,9) | 0.07 | BUY |
| ROC (10) | 0.27 | BUY |
| Momentum (10) | 0.10 | BUY |
| EMA (10) | 35.57 | BUY |
| SMA (10) | 35.45 | BUY |
| EMA (20) | 35.81 | SELL |
| SMA (20) | 35.69 | SELL |
| EMA (30) | 36.08 | SELL |
| SMA (30) | 36.13 | SELL |
| EMA (50) | 36.43 | SELL |
| SMA (50) | 36.88 | SELL |
| EMA (100) | 36.60 | SELL |
| SMA (100) | 36.93 | SELL |
| EMA (200) | 36.12 | SELL |
| SMA (200) | 36.38 | SELL |
Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in small- and/or mid-capitalization common stocks listed and traded on U.S. national securities exchanges that Sub-Advisor believes exhibit low future expected volatility. It is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
Average — needs more confirmation before sizing up
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 |
| ⏱ 15-Min | NEUTRAL | 21 |
| ⏲ 5-Min | BULLISH | 63 |
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.