Verdicts genuinely change. Free email alert the moment JCNRX'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.
Janus Henderson Contrarian Fund · Janus Investment Fund
45 holdings
NON-COMPLIANT 44.81% of portfolio weight is in non-compliant holdings, over the 5% threshold.
45 holdings, 34 matched (80% of weight). Portfolio as of 2026-06-30, filed 2026-08-26. Source: SEC Form N-PORT.
2.14% of this portfolio’s income is non-permissible — weighted across holdings, computed over 63% of portfolio weight (28 of 45 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.
31.1% compliant 4.6% questionable 44.6% non-compliant 19.7% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| Nebius Group NV | UNSCREENED | 5.76% | no in-house ratios for this holding |
| MRVL Marvell Technology, Inc. | COMPLIANT | 5.53% | AAOIFI2.7% Usmani19.2% Dow Jones Islamic5.6% S&P Shariah6.5% MSCI Islamic19.2% MSCI Islamic M-Series6.5% FTSE Shariah18.0% |
| TSM Taiwan Semiconductor Manufacturing Co. Ltd. | COMPLIANT | 5.40% | AAOIFI1.5% Usmani13.8% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic13.4% MSCI Islamic M-Series0.6% FTSE Shariah13.4% |
| Janus Henderson Cash Liquidity Fund LLC | UNSCREENED | 5.07% | no in-house ratios for this holding |
| PNC PNC Financial Services Group, Inc. (The) | NON_COMPLIANT | 4.35% | AAOIFI87.5% Usmani13.9% Dow Jones Islamic110.0% S&P Shariah122.6% MSCI Islamic13.9% MSCI Islamic M-Series122.6% FTSE Shariah13.9% |
| COF Capital One Financial Corp. | NON_COMPLIANT | 4.35% | AAOIFI38.5% Usmani7.6% Dow Jones Islamic49.3% S&P Shariah60.5% MSCI Islamic7.6% MSCI Islamic M-Series60.5% FTSE Shariah7.6% |
| SGRY Surgery Partners, Inc. | NON_COMPLIANT | 4.06% | AAOIFI216.2% Usmani61.8% Dow Jones Islamic156.6% S&P Shariah137.6% MSCI Islamic50.4% MSCI Islamic M-Series137.6% FTSE Shariah46.6% |
| UNH UnitedHealth Group, Inc. | NON_COMPLIANT | 4.05% | AAOIFI20.4% Usmani23.7% Dow Jones Islamic20.4% S&P Shariah18.8% MSCI Islamic23.7% MSCI Islamic M-Series18.8% FTSE Shariah23.7% |
| LITE Lumentum Holdings, Inc. | COMPLIANT | 3.98% | AAOIFI1.9% Usmani22.9% Dow Jones Islamic6.7% S&P Shariah9.4% MSCI Islamic22.9% MSCI Islamic M-Series9.4% FTSE Shariah22.4% |
| ORCL Oracle Corp. | NON_COMPLIANT | 3.83% | AAOIFI34.1% Usmani64.0% Dow Jones Islamic30.7% S&P Shariah35.2% MSCI Islamic61.0% MSCI Islamic M-Series35.2% FTSE Shariah49.5% |
| HWM Howmet Aerospace, Inc. | NON_COMPLIANT | 3.75% | AAOIFI5.1% Usmani35.2% Dow Jones Islamic6.2% S&P Shariah7.9% MSCI Islamic35.2% MSCI Islamic M-Series7.9% FTSE Shariah34.0% |
| AMZN Amazon.com, Inc. | QUESTIONABLE | 3.48% | AAOIFI8.2% Usmani22.1% Dow Jones Islamic9.6% S&P Shariah10.6% MSCI Islamic20.9% MSCI Islamic M-Series10.6% FTSE Shariah12.1% |
| VRT Vertiv Holdings Co. | COMPLIANT | 3.33% | AAOIFI3.2% Usmani19.0% Dow Jones Islamic4.5% S&P Shariah5.7% MSCI Islamic19.0% MSCI Islamic M-Series5.7% FTSE Shariah18.5% |
| FPS Forgent Power Solutions, Inc. | COMPLIANT | 3.31% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| MMM 3M Co. | COMPLIANT | 2.54% | AAOIFI15.2% Usmani37.7% Dow Jones Islamic16.6% S&P Shariah18.5% MSCI Islamic37.7% MSCI Islamic M-Series18.5% FTSE Shariah35.9% |
| ARGX Argenx SE | COMPLIANT | 2.44% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| NXST Nexstar Media Group, Inc. | NON_COMPLIANT | 2.05% | AAOIFI221.8% Usmani68.2% Dow Jones Islamic222.7% S&P Shariah230.8% MSCI Islamic68.2% MSCI Islamic M-Series230.8% FTSE Shariah66.3% |
| CNP CenterPoint Energy, Inc. | NON_COMPLIANT | 2.05% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| SHC Sotera Health Co. | NON_COMPLIANT | 1.89% | AAOIFI40.3% Usmani68.6% Dow Jones Islamic50.9% S&P Shariah52.6% MSCI Islamic65.7% MSCI Islamic M-Series52.6% FTSE Shariah64.7% |
| 0388.HK Hong Kong Exchanges & Clearing Ltd. | NON_COMPLIANT | 1.89% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| WING Wingstop, Inc. | NON_COMPLIANT | 1.84% | AAOIFI41.6% Usmani193.4% Dow Jones Islamic17.4% S&P Shariah16.3% MSCI Islamic193.4% MSCI Islamic M-Series16.3% FTSE Shariah184.0% |
| Western Alliance Bancorp | UNSCREENED | 1.79% | no in-house ratios for this holding |
| MDGL Madrigal Pharmaceuticals, Inc. | COMPLIANT | 1.65% | AAOIFI2.8% Usmani27.9% Dow Jones Islamic3.8% S&P Shariah4.6% MSCI Islamic27.9% MSCI Islamic M-Series4.6% FTSE Shariah27.4% |
| Cullen | UNSCREENED | 1.64% | no in-house ratios for this holding |
| ARXS Arxis, Inc. | NON_COMPLIANT | 1.63% | AAOIFI8.3% Usmani25.5% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic25.5% MSCI Islamic M-Seriespass FTSE Shariah24.5% |
| GKOS Glaukos Corp. | COMPLIANT | 1.63% | AAOIFI0.9% Usmani17.3% Dow Jones Islamic1.4% S&P Shariah1.5% MSCI Islamic10.0% MSCI Islamic M-Series1.5% FTSE Shariah6.2% |
| DDOG Datadog, Inc. | NON_COMPLIANT | 1.59% | AAOIFI1.7% Usmani16.9% Dow Jones Islamic2.4% S&P Shariah2.6% MSCI Islamic16.9% MSCI Islamic M-Series2.6% FTSE Shariah13.1% |
| CNM Core & Main, Inc. | NON_COMPLIANT | 1.50% | AAOIFI33.9% Usmani41.0% Dow Jones Islamic27.6% S&P Shariah28.8% MSCI Islamic41.0% MSCI Islamic M-Series28.8% FTSE Shariah36.5% |
| HOOD Robinhood Markets, Inc. | NON_COMPLIANT | 1.49% | AAOIFI0.2% Usmani0.4% Dow Jones Islamic0.3% S&P Shariah0.4% MSCI Islamic0.4% MSCI Islamic M-Series0.4% FTSE Shariah0.0% |
| FLUT Flutter Entertainment plc | NON_COMPLIANT | 1.46% | AAOIFI72.3% Usmani44.5% Dow Jones Islamic34.3% S&P Shariah36.7% MSCI Islamic44.5% MSCI Islamic M-Series36.7% FTSE Shariah42.5% |
| Builders FirstSource, Inc. | UNSCREENED | 1.27% | no in-house ratios for this holding |
| Anterix, Inc. | UNSCREENED | 1.19% | no in-house ratios for this holding |
| Revolution Medicines, Inc. | UNSCREENED | 1.19% | no in-house ratios for this holding |
| META Meta Platforms, Inc. | QUESTIONABLE | 1.16% | AAOIFI7.2% Usmani25.0% Dow Jones Islamic7.0% S&P Shariah7.9% MSCI Islamic25.0% MSCI Islamic M-Series7.9% FTSE Shariah18.6% |
| MDLN Medline, Inc. | NON_COMPLIANT | 1.15% | AAOIFI26.3% Usmani32.1% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic32.1% MSCI Islamic M-Seriespass FTSE Shariah32.0% |
| ICE Intercontinental Exchange, Inc. | NON_COMPLIANT | 1.05% | AAOIFI23.2% Usmani11.8% Dow Jones Islamic22.5% S&P Shariah24.2% MSCI Islamic11.8% MSCI Islamic M-Series24.2% FTSE Shariah11.4% |
| CHWY Chewy, Inc. | COMPLIANT | 0.93% | AAOIFI13.8% Usmani31.0% Dow Jones Islamic8.9% S&P Shariah10.1% MSCI Islamic31.0% MSCI Islamic M-Series10.1% FTSE Shariah15.8% |
| Space Exploration Technologies Corp. | UNSCREENED | 0.83% | no in-house ratios for this holding |
| BX Blackstone, Inc. | NON_COMPLIANT | 0.77% | AAOIFI7.9% Usmani26.7% Dow Jones Islamic12.7% S&P Shariah13.8% MSCI Islamic26.7% MSCI Islamic M-Series13.8% FTSE Shariah26.7% |
| Vaxcyte, Inc. | UNSCREENED | 0.71% | no in-house ratios for this holding |
| BLSH Bullish | COMPLIANT | 0.44% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| Janus Henderson Cash Collateral Fund LLC | UNSCREENED | 0.26% | no in-house ratios for this holding |
| RY ROYAL BANK OF CANADA | COMPLIANT | 0.06% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| N/A | UNSCREENED | 0.04% | no in-house ratios for this holding |
| PFE Pfizer, Inc. | NON_COMPLIANT | 0.03% | AAOIFI39.8% Usmani31.4% Dow Jones Islamic46.1% S&P Shariah45.9% MSCI Islamic31.4% MSCI Islamic M-Series45.9% FTSE Shariah31.4% |
The published standards disagree about this fund by 28 points of portfolio weight — 46.5% of it passes Dow Jones Islamic, 18.7% 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 39.4% ratios fail on 31.4% 29.6% not rated under AAOIFI
ratios pass on 22.9% ratios fail on 42.7% 34.8% not rated under Usmani
ratios pass on 46.5% ratios fail on 24.3% 29.6% not rated under Dow Jones Islamic
ratios pass on 42.7% ratios fail on 28.1% 29.7% not rated under S&P Shariah
ratios pass on 18.7% ratios fail on 47.7% 34.0% not rated under MSCI Islamic
ratios pass on 42.7% ratios fail on 28.1% 29.6% not rated under MSCI Islamic M-Series
ratios pass on 23.7% ratios fail on 42.7% 34.0% not rated under FTSE Shariah
34 of 45 listed holdings carry our own per-methodology verdicts (81% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 29 (71% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| PNC PNC Financial Services Group, Inc. (The) | 4.35% |
| COF Capital One Financial Corp. | 4.35% |
| SGRY Surgery Partners, Inc. | 4.06% |
| UNH UnitedHealth Group, Inc. | 4.05% |
| ORCL Oracle Corp. | 3.83% |
| HWM Howmet Aerospace, Inc. | 3.75% |
| NXST Nexstar Media Group, Inc. | 2.05% |
| CNP CenterPoint Energy, Inc. | 2.05% |
| SHC Sotera Health Co. | 1.89% |
| 0388.HK Hong Kong Exchanges & Clearing Ltd. | 1.89% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Janus Henderson Contrarian Fund (JCNRX) 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.
HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A holding it cannot cover far enough is reported as unrated rather than counted as a pass.
| Holding | Weight | Verdict |
|---|---|---|
| Nebius Group NVnot matched to a ticker | 5.76% | Not screened |
| MRVLMarvell Technology, Inc. | 5.53% | Compliant |
| TSMTaiwan Semiconductor Manufacturing Co. Ltd. | 5.40% | Compliant |
| Janus Henderson Cash Liquidity Fund LLCnot matched to a ticker | 5.07% | Not screened |
| PNCPNC Financial Services Group, Inc. (The) | 4.35% | Non-compliant |
| COFCapital One Financial Corp. | 4.35% | Non-compliant |
| SGRYSurgery Partners, Inc. | 4.06% | Non-compliant |
| UNHUnitedHealth Group, Inc. | 4.05% | Non-compliant |
| LITELumentum Holdings, Inc. | 3.98% | Compliant |
| ORCLOracle Corp. | 3.83% | Non-compliant |
Top 10 of 45 holdings, 46.4% of the fund by weight. Every holding is screened, not only these.
The positions keeping this fund short of 100% compliant by weight.
Verdict history for JCNRX. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
ℹ️ no compliance scan has run for 3 days - this is not a reading of today
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
This fund prices once a day, so its bars carry no intraday high or low — floor-trader pivots are not defined for it.
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) | 50.30 | NEUTRAL |
| Stochastic %K (14) | 44.44 | NEUTRAL |
| CCI (20) | 43.67 | NEUTRAL |
| Williams %R (14) | -55.56 | NEUTRAL |
| MACD (12,26,9) | 0.04 | BUY |
| ROC (10) | 0.31 | BUY |
| Momentum (10) | 0.09 | BUY |
| EMA (10) | 29.10 | BUY |
| SMA (10) | 29.06 | BUY |
| EMA (20) | 29.08 | BUY |
| SMA (20) | 28.92 | BUY |
| EMA (30) | 29.10 | BUY |
| SMA (30) | 29.01 | BUY |
| EMA (50) | 29.12 | SELL |
| SMA (50) | 29.32 | SELL |
| EMA (100) | 28.80 | BUY |
| SMA (100) | 29.34 | SELL |
| EMA (200) | 27.50 | BUY |
| SMA (200) | 27.41 | BUY |
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
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.
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.