LCGETF / FundSterling Capital Focus Equity ETF
Verdicts genuinely change. Free email alert the moment LCG'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.
Sterling Capital Focus Equity ETF · Northern Lights Fund Trust IV
21 holdings
NON-COMPLIANT 16.88% of portfolio weight is in non-compliant holdings, over the 5% threshold.
21 holdings, 21 matched (100% of weight). Portfolio as of 2025-08-31, filed 2025-10-21. Source: SEC Form N-PORT.
2.45% of this portfolio’s income is non-permissible — weighted across holdings, computed over 100% of portfolio weight (21 of 21 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.
62.2% compliant 20.9% questionable 16.9% non-compliant 0.0% unscreened
All holdings (21)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| ADYEN.AS Adyen NV | NON_COMPLIANT | 11.58% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| IDXX IDEXX Laboratories Inc. | COMPLIANT | 9.75% | AAOIFI1.4% Usmani16.8% Dow Jones Islamic1.3% S&P Shariah1.3% MSCI Islamic16.8% MSCI Islamic M-Series1.3% FTSE Shariah13.1% |
| SPGI S&P Global Inc | COMPLIANT | 8.34% | AAOIFI10.6% Usmani22.9% Dow Jones Islamic9.4% S&P Shariah9.8% MSCI Islamic22.9% MSCI Islamic M-Series9.8% FTSE Shariah21.9% |
| CSGP Costar Group Inc | QUESTIONABLE | 8.17% | AAOIFI9.1% Usmani11.4% Dow Jones Islamic4.2% S&P Shariah3.9% MSCI Islamic11.3% MSCI Islamic M-Series3.9% FTSE Shariah9.8% |
| VEEV Veeva Systems Inc | NON_COMPLIANT | 5.29% | AAOIFI0.4% Usmani1.7% Dow Jones Islamic0.4% S&P Shariah0.4% MSCI Islamic1.7% MSCI Islamic M-Series0.4% FTSE Shariah0.0% |
| GOOG Alphabet Inc. | QUESTIONABLE | 4.80% | AAOIFI2.9% Usmani13.1% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic12.8% MSCI Islamic M-Series4.5% FTSE Shariah10.9% |
| AMZN Amazon.com, Inc. | QUESTIONABLE | 4.54% | AAOIFI8.2% Usmani22.1% Dow Jones Islamic9.6% S&P Shariah10.6% MSCI Islamic20.9% MSCI Islamic M-Series10.6% FTSE Shariah12.1% |
| MDB MongoDB Inc. | COMPLIANT | 4.51% | AAOIFI0.1% Usmani1.5% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.8% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| ASML.AS ASML Holding N.V. | COMPLIANT | 4.39% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| SHOP Shopify Inc | COMPLIANT | 4.27% | AAOIFI0.1% Usmani1.2% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic1.2% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| 8035.T Tokyo Electron Ltd. | COMPLIANT | 3.90% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| MSCI MSCI Inc. | COMPLIANT | 3.84% | AAOIFI15.7% Usmani116.8% Dow Jones Islamic15.3% S&P Shariah15.6% MSCI Islamic116.8% MSCI Islamic M-Series15.6% FTSE Shariah113.9% |
| MSFT Microsoft Corp. | QUESTIONABLE | 3.43% | AAOIFI1.5% Usmani7.5% Dow Jones Islamic1.7% S&P Shariah1.8% MSCI Islamic7.5% MSCI Islamic M-Series1.8% FTSE Shariah5.3% |
| CDNS Cadence Design Systems, Inc. | COMPLIANT | 3.40% | AAOIFI0.3% Usmani1.9% Dow Jones Islamic0.3% S&P Shariah0.3% MSCI Islamic1.9% MSCI Islamic M-Series0.3% FTSE Shariah0.0% |
| SNPS Synopsys Inc | COMPLIANT | 3.22% | AAOIFI14.4% Usmani22.7% Dow Jones Islamic13.2% S&P Shariah13.2% MSCI Islamic22.7% MSCI Islamic M-Series13.2% FTSE Shariah21.0% |
| NOW Servicenow Inc | COMPLIANT | 3.05% | AAOIFI6.1% Usmani26.7% Dow Jones Islamic5.0% S&P Shariah5.3% MSCI Islamic26.7% MSCI Islamic M-Series5.3% FTSE Shariah23.7% |
| SAIA Saia Inc | COMPLIANT | 3.00% | AAOIFI2.8% Usmani7.2% Dow Jones Islamic2.7% S&P Shariah2.5% MSCI Islamic7.2% MSCI Islamic M-Series2.5% FTSE Shariah2.7% |
| WDAY Workday Inc | COMPLIANT | 2.90% | AAOIFI8.4% Usmani23.8% Dow Jones Islamic8.1% S&P Shariah7.7% MSCI Islamic23.8% MSCI Islamic M-Series7.7% FTSE Shariah18.8% |
| ODFL Old Dominion Freight Line Inc. | COMPLIANT | 2.88% | AAOIFI0.1% Usmani0.3% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.3% MSCI Islamic M-Series0.1% FTSE Shariah0.3% |
| HUBS Hubspot Inc | COMPLIANT | 2.52% | AAOIFI5.0% Usmani17.3% Dow Jones Islamic2.6% S&P Shariah2.4% MSCI Islamic17.3% MSCI Islamic M-Series2.4% FTSE Shariah10.5% |
| TEAM Atlassian Corporation | COMPLIANT | 2.22% | AAOIFI2.6% Usmani20.2% Dow Jones Islamic2.9% S&P Shariah2.7% MSCI Islamic20.2% MSCI Islamic M-Series2.7% FTSE Shariah16.2% |
The published standards disagree about this fund by 29 points of portfolio weight — 83.1% of it passes AAOIFI, 54.2% 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 83.1% ratios fail on 16.9% 0.0% not rated under AAOIFI
ratios pass on 75.0% ratios fail on 25.0% 0.0% not rated under Usmani
ratios pass on 83.1% ratios fail on 16.9% 0.0% not rated under Dow Jones Islamic
ratios pass on 83.1% ratios fail on 16.9% 0.0% not rated under S&P Shariah
ratios pass on 54.2% ratios fail on 41.0% 4.8% not rated under MSCI Islamic
ratios pass on 83.1% ratios fail on 16.9% 0.0% not rated under MSCI Islamic M-Series
ratios pass on 75.0% ratios fail on 25.0% 0.0% not rated under FTSE Shariah
21 of 21 listed holdings carry our own per-methodology verdicts (100% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 18 (80% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Sterling Capital Focus Equity ETF (LCG) 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.
Screened on its holdings, not its name
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 |
|---|---|---|
| ADYEN.ASAdyen NV | 11.58% | Non-compliant |
| IDXXIDEXX Laboratories Inc. | 9.75% | Compliant |
| SPGIS&P Global Inc | 8.34% | Compliant |
| CSGPCostar Group Inc | 8.17% | Questionable |
| VEEVVeeva Systems Inc | 5.29% | Non-compliant |
| GOOGAlphabet Inc. | 4.80% | Questionable |
| AMZNAmazon.com, Inc. | 4.54% | Questionable |
| MDBMongoDB Inc. | 4.51% | Compliant |
| ASML.ASASML Holding N.V. | 4.39% | Compliant |
| SHOPShopify Inc | 4.27% | Compliant |
Top 10 of 21 holdings, 65.6% of the fund by weight. Every holding is screened, not only these.
What holds the number back
The positions keeping this fund short of 100% compliant by weight.
- ADYEN.ASnon-compliant11.58%
- CSGPquestionable8.17%
- VEEVnon-compliant5.29%
- GOOGquestionable4.80%
- AMZNquestionable4.54%
- MSFTquestionable3.43%
What changed, and when
Verdict history for LCG. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
- 2026-09-07 No change recorded No verdict change for LCG has been recorded since tracking began. The scan ledger records that the compliance detectors ran, not which symbols each pass covered.
ℹ️ no compliance scan has run for 2 days - this is not a reading of today
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.
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.
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.