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ICOWETF / FundPacer Developed Markets International Cash Cows 100 ETF

$42.07 last close 2026-10-09
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Verdicts genuinely change. Free email alert the moment ICOW's does — no target price to set, unlike "Alert" above.

Sharia status
NOT COMPLIANT
Screened by look-through to its filed holdings — 90% of portfolio weight covered
Fund look-through

Pacer Developed Markets International Cash Cows 100 ETF ETF · Pacer Funds Trust

101 holdings · as of 2026-07-31 (2.4 months ago)

NON-COMPLIANT 55.68% of portfolio weight is in non-compliant holdings, over the 5% threshold.

101 holdings, 88 matched (90% of weight). Portfolio as of 2026-07-31, filed 2026-09-29. Source: SEC Form N-PORT.

0.70% of this portfolio’s income is non-permissible — weighted across holdings, computed over 84% of portfolio weight (85 of 101 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.

33.8% compliant 0.0% questionable 55.7% non-compliant 10.3% unscreened

All holdings (101)
HoldingStatusWeightEvery methodology, and the debt ratio behind it
4502.T Takeda Pharmaceutical Co Ltd NON_COMPLIANT 2.22% AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass
9433.T KDDI Corp NON_COMPLIANT 2.20% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass
DHL.DE Deutsche Post AG NON_COMPLIANT 2.19% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
0001.HK CK Hutchison Holdings Ltd NON_COMPLIANT 2.14% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass
SU Suncor Energy Inc COMPLIANT 2.14% AAOIFI13.4% Usmani21.2% Dow Jones Islamic19.8% S&P Shariah21.8% MSCI Islamic16.1% MSCI Islamic M-Series21.8% FTSE Shariah16.1%
VOD.L Vodafone Group PLC NON_COMPLIANT 2.13% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
6758.T Sony Group Corp COMPLIANT 2.13% AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass
SHEL Shell PLC NON_COMPLIANT 2.09% AAOIFI38.4% Usmani20.4% Dow Jones Islamic17.6% S&P Shariah18.0% MSCI Islamic20.4% MSCI Islamic M-Series18.0% FTSE Shariah20.4%
BP.L BP PLC NON_COMPLIANT 2.02% AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass
DG.PA Vinci SA NON_COMPLIANT 1.95% AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass
DTE.DE Deutsche Telekom AG NON_COMPLIANT 1.92% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
AD.AS Koninklijke Ahold Delhaize NV NON_COMPLIANT 1.89% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
SNY Sanofi SA COMPLIANT 1.89% AAOIFI20.8% Usmani14.7% Dow Jones Islamic38.1% S&P Shariah38.6% MSCI Islamic14.7% MSCI Islamic M-Series38.6% FTSE Shariah14.7%
SGO.PA Cie de Saint-Gobain SA NON_COMPLIANT 1.86% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass
B Barrick Mining Corp COMPLIANT 1.84% AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
8267.T Aeon Co Ltd NON_COMPLIANT 1.84% AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass
TEF.MC Telefonica SA NON_COMPLIANT 1.83% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
4689.T LY Corp NON_COMPLIANT 1.76% AAOIFI52.5% Usmani17.5% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic17.5% MSCI Islamic M-Seriesfail FTSE Shariah17.5%
AEM Agnico Eagle Mines Ltd COMPLIANT 1.76% AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
IMB.L Imperial Brands PLC NON_COMPLIANT 1.71% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
International Consolidated Air UNSCREENED 1.69% no in-house ratios for this holding
FSUGY Fortescue Ltd COMPLIANT 1.64% AAOIFI11.4% Usmani20.8% Dow Jones Islamic8.1% S&P Shariah7.7% MSCI Islamic18.8% MSCI Islamic M-Series7.7% FTSE Shariah18.8%
SCMN.SW Swisscom AG COMPLIANT 1.64% AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass
TSCO.L Tesco PLC NON_COMPLIANT 1.63% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
PUB.PA Publicis Groupe SA COMPLIANT 1.47% AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
HD Korea Shipbuilding & Offsho UNSCREENED 1.47% no in-house ratios for this holding
5108.T Bridgestone Corp COMPLIANT 1.40% AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass
MG.TO Magna International Inc NON_COMPLIANT 1.39% AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass
5020.T ENEOS Holdings Inc NON_COMPLIANT 1.35% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass
EN.PA Bouygues SA NON_COMPLIANT 1.32% AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass
4755.T Rakuten Group Inc NON_COMPLIANT 1.25% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass
ALPMY Astellas Pharma Inc COMPLIANT 1.20% AAOIFI13.1% Usmani15.9% Dow Jones Islamic16.5% S&P Shariah16.9% MSCI Islamic15.9% MSCI Islamic M-Series16.9% FTSE Shariah15.9%
1605.T Inpex Corp NON_COMPLIANT 1.20% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
Ericsson UNSCREENED 1.19% no in-house ratios for this holding
CA.PA Carrefour SA NON_COMPLIANT 1.18% AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass
KGC Kinross Gold Corp COMPLIANT 1.17% AAOIFI1.8% Usmani5.9% Dow Jones Islamic2.9% S&P Shariah3.7% MSCI Islamic5.9% MSCI Islamic M-Series3.7% FTSE Shariah5.9%
FGR.PA Eiffage SA NON_COMPLIANT 1.16% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
CAP.PA Capgemini SE NON_COMPLIANT 1.12% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass
RYAAY Ryanair Holdings PLC COMPLIANT 1.11% AAOIFI9.6% Usmani15.3% Dow Jones Islamic3.6% S&P Shariah3.0% MSCI Islamic15.3% MSCI Islamic M-Series3.0% FTSE Shariah15.3%
FME.DE Fresenius Medical Care AG NON_COMPLIANT 1.10% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
5019.T Idemitsu Kosan Co Ltd NON_COMPLIANT 1.08% AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass
ACS Actividades de Construccio UNSCREENED 1.06% no in-house ratios for this holding
HEN.DE Henkel AG & Co KGaA COMPLIANT 1.05% AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass
000270.KS Kia Corp NON_COMPLIANT 1.03% AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass
Michelin UNSCREENED 1.00% no in-house ratios for this holding
HM-B.ST H & M Hennes & Mauritz AB COMPLIANT 1.00% AAOIFIpass Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
Nippon Yusen KK UNSCREENED 0.99% no in-house ratios for this holding
C6L.SI Singapore Airlines Ltd NON_COMPLIANT 0.96% AAOIFI49.7% Usmani31.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic24.5% MSCI Islamic M-Seriesfail FTSE Shariah24.5%
NESTE.HE Neste Oyj COMPLIANT 0.89% AAOIFIpass Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass
BBD-A.TO Bombardier Inc COMPLIANT 0.88% AAOIFI23.1% Usmani38.0% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic38.0% MSCI Islamic M-Seriesfail FTSE Shariah38.0%
Dassault Systemes SE UNSCREENED 0.87% no in-house ratios for this holding
PHG Koninklijke Philips NV NON_COMPLIANT 0.85% AAOIFI37.6% Usmani30.0% Dow Jones Islamic39.2% S&P Shariah42.2% MSCI Islamic30.0% MSCI Islamic M-Series42.2% FTSE Shariah30.0%
Samsung Heavy Industries Co Lt UNSCREENED 0.85% no in-house ratios for this holding
TS Tenaris SA COMPLIANT 0.80% AAOIFI1.2% Usmani1.5% Dow Jones Islamic0.7% S&P Shariah0.7% MSCI Islamic1.5% MSCI Islamic M-Series0.7% FTSE Shariah1.5%
0288.HK WH Group Ltd NON_COMPLIANT 0.79% AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass
0027.HK Galaxy Entertainment Group Ltd NON_COMPLIANT 0.76% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
GIB CGI Inc COMPLIANT 0.75% AAOIFI13.9% Usmani16.1% Dow Jones Islamic10.4% S&P Shariah10.0% MSCI Islamic16.1% MSCI Islamic M-Series10.0% FTSE Shariah16.1%
WKL.AS Wolters Kluwer NV NON_COMPLIANT 0.74% AAOIFIfail Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail
012330.KS Hyundai Mobis Co Ltd COMPLIANT 0.73% AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass
FRES.L Fresnillo PLC COMPLIANT 0.72% AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail
CON.DE Continental AG NON_COMPLIANT 0.72% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
064350.KS Hyundai Rotem Co Ltd COMPLIANT 0.67% AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail
2503.T Kirin Holdings Co Ltd NON_COMPLIANT 0.65% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
1208.HK MMG Ltd COMPLIANT 0.60% AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass
EVO.ST Evolution AB NON_COMPLIANT 0.60% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
086280.KS Hyundai Glovis Co Ltd COMPLIANT 0.59% AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass
GALP.LS Galp Energia SGPS SA COMPLIANT 0.57% AAOIFIpass Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass
PAAS Pan American Silver Corp COMPLIANT 0.56% AAOIFI2.4% Usmani7.3% Dow Jones Islamic5.0% S&P Shariah6.3% MSCI Islamic7.3% MSCI Islamic M-Series6.3% FTSE Shariah7.3%
4507.T Shionogi & Co Ltd NON_COMPLIANT 0.54% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
WRT1V.HE Wartsila OYJ Abp COMPLIANT 0.54% AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass
7832.T Bandai Namco Holdings Inc COMPLIANT 0.53% AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail
BNZL.L Bunzl PLC NON_COMPLIANT 0.52% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
LUG.TO Lundin Gold Inc COMPLIANT 0.52% AAOIFI1.6% Usmani15.5% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic15.5% MSCI Islamic M-Seriespass FTSE Shariah15.5%
VAR.OL Var Energi ASA NON_COMPLIANT 0.52% AAOIFI44.6% Usmani24.6% Dow Jones Islamic— S&P Shariah— MSCI Islamic23.7% MSCI Islamic M-Series— FTSE Shariah23.7%
9107.T Kawasaki Kisen Kaisha Ltd COMPLIANT 0.45% AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass
Quebecor Inc UNSCREENED 0.44% no in-house ratios for this holding
AKZA.AS Akzo Nobel NV NON_COMPLIANT 0.41% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
OTEX Open Text Corp NON_COMPLIANT 0.40% AAOIFI74.5% Usmani45.6% Dow Jones Islamic85.6% S&P Shariah78.8% MSCI Islamic45.6% MSCI Islamic M-Series78.8% FTSE Shariah44.0%
TEL2-B.ST Tele2 AB COMPLIANT 0.40% AAOIFI25.6% Usmani53.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic45.9% MSCI Islamic M-Seriesfail FTSE Shariah45.9%
LOGN.SW Logitech International SA COMPLIANT 0.39% AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail
9147.T NIPPON EXPRESS HOLDINGS INC NON_COMPLIANT 0.38% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
PSO Pearson PLC COMPLIANT 0.36% AAOIFI20.7% Usmani22.9% Dow Jones Islamic20.9% S&P Shariah22.0% MSCI Islamic22.9% MSCI Islamic M-Series22.0% FTSE Shariah22.9%
6305.T Hitachi Construction Machinery NON_COMPLIANT 0.36% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass
8113.T Unicharm Corp COMPLIANT 0.36% AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass
1803.T Shimizu Corp NON_COMPLIANT 0.35% AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
ZAL.DE Zalando SE NON_COMPLIANT 0.34% AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass
6269.T Modec Inc NON_COMPLIANT 0.31% AAOIFI10.6% Usmani8.8% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic8.8% MSCI Islamic M-Seriesfail FTSE Shariah8.8%
035720.KS Kakao Corp NON_COMPLIANT 0.29% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
LG Corp UNSCREENED 0.27% no in-house ratios for this holding
SHENZHOU INTL UNSCREENED 0.27% no in-house ratios for this holding
018260.KS Samsung SDS Co Ltd NON_COMPLIANT 0.24% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
6841.T Yokogawa Electric Corp COMPLIANT 0.24% AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass
2018.HK AAC Technologies Holdings Inc COMPLIANT 0.23% AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass
3088.T MatsukiyoCocokara & Co COMPLIANT 0.22% AAOIFI0.3% Usmani0.6% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic0.4% MSCI Islamic M-Seriespass FTSE Shariah0.4%
AUTO.L Autotrader Group PLC COMPLIANT 0.21% AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass
028050.KS Samsung E&A Co Ltd COMPLIANT 0.20% AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
4704.T Trend Micro Inc/Japan NON_COMPLIANT 0.15% AAOIFIfail Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail
4506.T Sumitomo Pharma Co Ltd NON_COMPLIANT 0.12% AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass
LG CNS Co Ltd UNSCREENED 0.11% no in-house ratios for this holding
U.S. Bank Money Market Deposit Account UNSCREENED 0.10% no in-house ratios for this holding
1963.T JGC Holdings Corp NON_COMPLIANT 0.08% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail

The published standards disagree about this fund by 30 points of portfolio weight — 51.1% of it passes FTSE Shariah, 21.1% passes MSCI Islamic M-Series. 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 29.5% ratios fail on 55.7% 14.7% not rated under AAOIFI

88 of 101 listed holdings carry our own per-methodology verdicts (90% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 21 (21% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.

Non-compliant holdingWeight
4502.T Takeda Pharmaceutical Co Ltd 2.22%
9433.T KDDI Corp 2.20%
DHL.DE Deutsche Post AG 2.19%
0001.HK CK Hutchison Holdings Ltd 2.14%
VOD.L Vodafone Group PLC 2.13%
SHEL Shell PLC 2.09%
BP.L BP PLC 2.02%
DG.PA Vinci SA 1.95%
DTE.DE Deutsche Telekom AG 1.92%
AD.AS Koninklijke Ahold Delhaize NV 1.89%

Methodology breakdown computing — it will appear here on its own.

🕌Open research, not a fatwa — verify with your own scholar.

Trade setup

Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.

SEPARATE FROM SHARIAH
No trade setup shown — a stock that isn't cleanly Sharia-compliant never gets a bullish verdict here.

Why this signal?

The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.

Structure3 of 5 timeframes bullish · 69.6% aligned
VWAPPrice holding above VWAP ($41.91)
VolumeRelative volume 3.7× the 20-day average
Momentum10-day rate of change -2.3%

Pacer Developed Markets International Cash Cows 100 ETF (ICOW) 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.

Market & analysts
Momentum (10d)
-2.3%
rate of change
SMC grade
D · 48
69.6% aligned
D · 48
SMC grade — 69.6% timeframe alignment
-2.3%
Rate of change (10d)

🕌 In-house Compliance Research

Computing the full ratio and business-activity breakdown for ICOW — this runs off the critical path so the page paints first. It will appear here on its own.

45.0842.5139.9537.3834.822025-10-132026-04-142026-10-09

Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset

Support & Resistance
S3
41.25
S2
41.42
S1
41.69
PIVOT
41.86
R1
42.13
R2
42.30
R3
42.57

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.

7-day expected range
42.07 – 44.52
±2.83% from 43.29, made 2026-09-20 · resolves 2026-09-27
SELL
from 19 indicators
61.9% of our last 5789 forecasts landed inside their stated range, and 49.9% called the direction correctly.

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.

STRONG SELL
19 indicators
OscillatorsSTRONG SELL
0 buy · 4 neutral · 3 sell
Moving averagesSTRONG SELL
2 buy · 0 neutral · 10 sell
Every indicator, and what it reads
IndicatorValueSignal
RSI (14)39.10NEUTRAL
Stochastic %K (14)22.76NEUTRAL
CCI (20)-65.96NEUTRAL
Williams %R (14)-77.24NEUTRAL
MACD (12,26,9)-0.07SELL
ROC (10)-2.28SELL
Momentum (10)-0.98SELL
EMA (10)42.19SELL
SMA (10)42.07BUY
EMA (20)42.62SELL
SMA (20)42.77SELL
EMA (30)42.87SELL
SMA (30)43.25SELL
EMA (50)43.03SELL
SMA (50)43.55SELL
EMA (100)42.77SELL
SMA (100)42.95SELL
EMA (200)41.58BUY
SMA (200)42.09SELL

About Pacer Developed Markets International Cash Cows 100 ETF

The index uses an objective, rules-based methodology to provide exposure to large and mid-capitalization non-U.S. companies in developed markets with high free cash flow yields. The fund will invest at least 80% of its total assets (exclusive of collateral held from securities lending) in the component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities.

Background via Yahoo Finance — informational, not part of the verdict.

Grade 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.

TimeframeBiasBars
📅 Daily BEARISH 41
⏰ 4H BEARISH 26
🕐 1H BULLISH 98
⏱ 15-Min BULLISH 130
⏲ 5-Min BULLISH 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.

-2.3%
Rate of change (10d)
3.7×
Volume vs its 20-day average
-0.76
MACD (BULLISH)

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 2026-10-06 · Asset managers net 906615 (+2612)

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.

Tell us what's working, what's confusing, or what you want to see next — read by a real person, not a form that goes nowhere.