MGMTETF / FundBALLAST SMALL/MID CAP ETF
Verdicts genuinely change. Free email alert the moment MGMT'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.
BALLAST SMALL/MID CAP ETF · Unified Series Trust
54 holdings
NON-COMPLIANT 37.39% of portfolio weight is in non-compliant holdings, over the 5% threshold.
54 holdings, 45 matched (83% of weight). Portfolio as of 2026-06-30, filed 2026-08-31. Source: SEC Form N-PORT.
0.97% of this portfolio’s income is non-permissible — weighted across holdings, computed over 78% of portfolio weight (42 of 54 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.
44.4% compliant 0.0% questionable 37.4% non-compliant 16.7% unscreened
All holdings (54)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| NRP NATURAL RESOURCE PARTNERS LP | COMPLIANT | 4.05% | AAOIFI1.8% Usmani3.6% Dow Jones Islamic2.1% S&P Shariah2.2% MSCI Islamic3.6% MSCI Islamic M-Series2.2% FTSE Shariah3.6% |
| AZZ AZZ INC | COMPLIANT | 3.33% | AAOIFI12.6% Usmani24.1% Dow Jones Islamic16.2% S&P Shariah19.3% MSCI Islamic23.4% MSCI Islamic M-Series19.3% FTSE Shariah21.3% |
| CLMB CLIMB GLOBAL SOLUTIONS INC | COMPLIANT | 3.12% | AAOIFI0.4% Usmani0.4% Dow Jones Islamic0.4% S&P Shariah0.5% MSCI Islamic0.4% MSCI Islamic M-Series0.5% FTSE Shariah0.0% |
| BELFA BEL FUSE INC | COMPLIANT | 3.06% | AAOIFI1.0% Usmani2.7% Dow Jones Islamic11.3% S&P Shariah13.7% MSCI Islamic2.7% MSCI Islamic M-Series13.7% FTSE Shariah0.0% |
| CVCO CAVCO INDUSTRIES INC | COMPLIANT | 2.97% | AAOIFI0.9% Usmani2.9% Dow Jones Islamic0.9% S&P Shariah1.1% MSCI Islamic2.5% MSCI Islamic M-Series1.1% FTSE Shariah0.0% |
| AGM FEDERAL AGRICULTURAL MORTGAGE CORP | NON_COMPLIANT | 2.88% | AAOIFI1461.1% Usmani88.5% Dow Jones Islamic1784.4% S&P Shariah1834.1% MSCI Islamic88.5% MSCI Islamic M-Series1834.1% FTSE Shariah88.5% |
| CAPITAL BANCORP INC (MARYLAND) | UNSCREENED | 2.74% | no in-house ratios for this holding |
| ECVT ECOVYST INC | NON_COMPLIANT | 2.70% | AAOIFI48.9% Usmani38.5% Dow Jones Islamic51.9% S&P Shariah51.3% MSCI Islamic38.5% MSCI Islamic M-Series51.3% FTSE Shariah34.7% |
| LSTR LANDSTAR SYSTEM INC | COMPLIANT | 2.69% | AAOIFI0.0% Usmani4.4% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| MERCHANTS BANCORP (INDIANA) | UNSCREENED | 2.59% | no in-house ratios for this holding |
| CONSENSUS CLOUD SOLUTIONS INC | UNSCREENED | 2.45% | no in-house ratios for this holding |
| SOLARIS ENERGY INFRASTRUCTURE INC | UNSCREENED | 2.41% | no in-house ratios for this holding |
| TEX TEREX CORP | NON_COMPLIANT | 2.38% | AAOIFI37.4% Usmani26.0% Dow Jones Islamic61.8% S&P Shariah65.1% MSCI Islamic26.0% MSCI Islamic M-Series65.1% FTSE Shariah26.0% |
| GEO GEO GROUP INC (THE) | NON_COMPLIANT | 2.30% | AAOIFI38.1% Usmani42.9% Dow Jones Islamic51.1% S&P Shariah61.4% MSCI Islamic42.9% MSCI Islamic M-Series61.4% FTSE Shariah41.2% |
| GPGI GPGI INC | COMPLIANT | 2.30% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| TPB TURNING POINT BRANDS INC | COMPLIANT | 2.19% | AAOIFI19.7% Usmani34.4% Dow Jones Islamic20.0% S&P Shariah25.7% MSCI Islamic34.4% MSCI Islamic M-Series25.7% FTSE Shariah34.4% |
| MTUS METALLUS INC | COMPLIANT | 2.08% | AAOIFI1.5% Usmani1.3% Dow Jones Islamic1.7% S&P Shariah1.6% MSCI Islamic1.1% MSCI Islamic M-Series1.6% FTSE Shariah0.0% |
| BRKR BRUKER CORP | COMPLIANT | 2.01% | AAOIFI18.9% Usmani30.1% Dow Jones Islamic25.7% S&P Shariah22.6% MSCI Islamic30.1% MSCI Islamic M-Series22.6% FTSE Shariah30.1% |
| HLMN HILLMAN SOLUTIONS CORP | NON_COMPLIANT | 1.94% | AAOIFI53.6% Usmani34.6% Dow Jones Islamic45.4% S&P Shariah45.6% MSCI Islamic33.7% MSCI Islamic M-Series45.6% FTSE Shariah29.2% |
| BRINK'S COMPANY (THE) | UNSCREENED | 1.89% | no in-house ratios for this holding |
| CBT CABOT CORP | COMPLIANT | 1.85% | AAOIFI27.4% Usmani27.4% Dow Jones Islamic25.7% S&P Shariah25.0% MSCI Islamic27.4% MSCI Islamic M-Series25.0% FTSE Shariah27.4% |
| CI5A.DU CRITEO SA | NON_COMPLIANT | 1.82% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| EXP EAGLE MATERIALS INC | NON_COMPLIANT | 1.80% | AAOIFI30.7% Usmani45.9% Dow Jones Islamic24.2% S&P Shariah24.1% MSCI Islamic45.9% MSCI Islamic M-Series24.1% FTSE Shariah45.0% |
| MLI MUELLER INDUSTRIES INC | COMPLIANT | 1.78% | AAOIFI0.2% Usmani0.6% Dow Jones Islamic0.2% S&P Shariah0.3% MSCI Islamic0.6% MSCI Islamic M-Series0.3% FTSE Shariah0.1% |
| PATK PATRICK INDUSTRIES INC | NON_COMPLIANT | 1.71% | AAOIFI62.1% Usmani51.4% Dow Jones Islamic51.9% S&P Shariah58.1% MSCI Islamic51.4% MSCI Islamic M-Series58.1% FTSE Shariah44.2% |
| EXTR EXTREME NETWORKS INC | COMPLIANT | 1.71% | AAOIFI6.9% Usmani16.5% Dow Jones Islamic8.0% S&P Shariah8.5% MSCI Islamic16.5% MSCI Islamic M-Series8.5% FTSE Shariah13.9% |
| EPSN EPSILON ENERGY LTD | COMPLIANT | 1.70% | AAOIFI0.3% Usmani0.2% Dow Jones Islamic0.4% S&P Shariah0.4% MSCI Islamic0.2% MSCI Islamic M-Series0.4% FTSE Shariah0.0% |
| EPR EPR PROPERTIES | NON_COMPLIANT | 1.66% | AAOIFI71.8% Usmani54.4% Dow Jones Islamic86.7% S&P Shariah95.5% MSCI Islamic54.4% MSCI Islamic M-Series95.5% FTSE Shariah54.4% |
| KOS KOSMOS ENERGY LTD | NON_COMPLIANT | 1.65% | AAOIFI162.1% Usmani62.3% Dow Jones Islamic221.3% S&P Shariah151.6% MSCI Islamic62.3% MSCI Islamic M-Series151.6% FTSE Shariah62.0% |
| MTG MGIC INVESTMENT CORP | NON_COMPLIANT | 1.62% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| COLL COLLEGIUM PHARMACEUTICAL INC | NON_COMPLIANT | 1.59% | AAOIFI31.8% Usmani11.4% Dow Jones Islamic21.9% S&P Shariah22.5% MSCI Islamic11.4% MSCI Islamic M-Series22.5% FTSE Shariah11.2% |
| CASS INFORMATION SYSTEMS INC | UNSCREENED | 1.54% | no in-house ratios for this holding |
| CNR CORE NATURAL RESOURCES INC | COMPLIANT | 1.54% | AAOIFI9.1% Usmani7.3% Dow Jones Islamic11.1% S&P Shariah12.3% MSCI Islamic7.3% MSCI Islamic M-Series12.3% FTSE Shariah7.3% |
| RCMT RCM TECHNOLOGIES INC | COMPLIANT | 1.52% | AAOIFI1.7% Usmani4.4% Dow Jones Islamic3.0% S&P Shariah3.0% MSCI Islamic3.8% MSCI Islamic M-Series3.0% FTSE Shariah0.0% |
| PAYS PAYSIGN INC | NON_COMPLIANT | 1.49% | AAOIFI1.3% Usmani3.5% Dow Jones Islamic3.5% S&P Shariah4.0% MSCI Islamic3.5% MSCI Islamic M-Series4.0% FTSE Shariah1.7% |
| BNED BARNES & NOBLE EDUCATION INC | NON_COMPLIANT | 1.47% | AAOIFI71.7% Usmani32.3% Dow Jones Islamic83.4% S&P Shariah109.7% MSCI Islamic32.3% MSCI Islamic M-Series109.7% FTSE Shariah14.6% |
| ATNI ATN INTERNATIONAL INC | NON_COMPLIANT | 1.41% | AAOIFI107.7% Usmani27.3% Dow Jones Islamic162.0% S&P Shariah147.4% MSCI Islamic27.3% MSCI Islamic M-Series147.4% FTSE Shariah27.3% |
| BAUSCH + LOMB CORP | UNSCREENED | 1.37% | no in-house ratios for this holding |
| PHIN PHINIA INC | NON_COMPLIANT | 1.33% | AAOIFI40.7% Usmani26.3% Dow Jones Islamic45.6% S&P Shariah51.0% MSCI Islamic26.3% MSCI Islamic M-Series51.0% FTSE Shariah25.2% |
| OZK BANK OZK | NON_COMPLIANT | 1.31% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| G GENPACT LTD | NON_COMPLIANT | 1.27% | AAOIFI22.3% Usmani26.1% Dow Jones Islamic19.6% S&P Shariah20.7% MSCI Islamic25.8% MSCI Islamic M-Series20.7% FTSE Shariah21.8% |
| RGLD ROYAL GOLD INC | COMPLIANT | 1.26% | AAOIFI1.8% Usmani4.2% Dow Jones Islamic2.7% S&P Shariah3.3% MSCI Islamic4.2% MSCI Islamic M-Series3.3% FTSE Shariah4.2% |
| TCBX THIRD COAST BANCSHARES INC | NON_COMPLIANT | 1.26% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| SPSC SPS COMMERCE INC | COMPLIANT | 1.25% | AAOIFI0.2% Usmani0.6% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.6% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| DCI DONALDSON COMPANY INC | COMPLIANT | 1.22% | AAOIFI13.2% Usmani33.6% Dow Jones Islamic14.4% S&P Shariah15.1% MSCI Islamic33.6% MSCI Islamic M-Series15.1% FTSE Shariah32.1% |
| IPGP IPG PHOTONICS CORP | COMPLIANT | 1.13% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| KN KNOWLES CORP | COMPLIANT | 1.11% | AAOIFI5.0% Usmani14.4% Dow Jones Islamic7.5% S&P Shariah8.2% MSCI Islamic14.3% MSCI Islamic M-Series8.2% FTSE Shariah12.4% |
| IMKTA INGLES MARKETS INC | NON_COMPLIANT | 1.08% | AAOIFI34.4% Usmani20.0% Dow Jones Islamic37.9% S&P Shariah37.5% MSCI Islamic19.9% MSCI Islamic M-Series37.5% FTSE Shariah19.0% |
| QDEL QUIDELORTHO CORP | NON_COMPLIANT | 0.99% | AAOIFI321.0% Usmani53.8% Dow Jones Islamic159.8% S&P Shariah123.4% MSCI Islamic53.8% MSCI Islamic M-Series123.4% FTSE Shariah50.6% |
| TRIP TRIPADVISOR INC | NON_COMPLIANT | 0.95% | AAOIFI78.5% Usmani35.3% Dow Jones Islamic79.4% S&P Shariah119.1% MSCI Islamic33.8% MSCI Islamic M-Series119.1% FTSE Shariah32.6% |
| UNIT CORP | UNSCREENED | 0.89% | no in-house ratios for this holding |
| ADVANSIX INC | UNSCREENED | 0.84% | no in-house ratios for this holding |
| GSM FERROGLOBE PLC | NON_COMPLIANT | 0.77% | AAOIFI17.9% Usmani9.9% Dow Jones Islamic18.1% S&P Shariah16.9% MSCI Islamic9.9% MSCI Islamic M-Series16.9% FTSE Shariah9.9% |
| CEPL CAPSTONE ENERGY+ INC | COMPLIANT | 0.53% | AAOIFI32.1% Usmani53.8% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic52.0% MSCI Islamic M-Seriesfail FTSE Shariah44.1% |
The published standards disagree about this fund by 12 points of portfolio weight — 37.2% of it passes Usmani, 24.9% 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 36.5% ratios fail on 34.4% 27.7% not rated under AAOIFI
ratios pass on 37.2% ratios fail on 32.6% 28.8% not rated under Usmani
ratios pass on 29.0% ratios fail on 38.7% 30.8% not rated under Dow Jones Islamic
ratios pass on 30.9% ratios fail on 36.9% 30.8% not rated under S&P Shariah
ratios pass on 24.9% ratios fail on 43.3% 30.3% not rated under MSCI Islamic
ratios pass on 29.0% ratios fail on 38.7% 30.8% not rated under MSCI Islamic M-Series
ratios pass on 33.6% ratios fail on 31.6% 33.3% not rated under FTSE Shariah
45 of 54 listed holdings carry our own per-methodology verdicts (82% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 41 (76% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| AGM FEDERAL AGRICULTURAL MORTGAGE CORP | 2.88% |
| ECVT ECOVYST INC | 2.70% |
| TEX TEREX CORP | 2.38% |
| GEO GEO GROUP INC (THE) | 2.30% |
| HLMN HILLMAN SOLUTIONS CORP | 1.94% |
| CI5A.DU CRITEO SA | 1.82% |
| EXP EAGLE MATERIALS INC | 1.80% |
| PATK PATRICK INDUSTRIES INC | 1.71% |
| EPR EPR PROPERTIES | 1.66% |
| KOS KOSMOS ENERGY LTD | 1.65% |
Methodology breakdown computing — it will appear here on its own.
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Why this signal?
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
BALLAST SMALL/MID CAP ETF (MGMT) 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.
🕌 In-house Compliance Research
Computing the full ratio and business-activity breakdown for MGMT — 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.
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.
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.
Every indicator, and what it reads
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 47.50 | NEUTRAL |
| Stochastic %K (14) | 78.66 | NEUTRAL |
| CCI (20) | 12.56 | NEUTRAL |
| Williams %R (14) | -21.34 | NEUTRAL |
| MACD (12,26,9) | 0.07 | BUY |
| ROC (10) | 0.04 | BUY |
| Momentum (10) | 0.02 | BUY |
| EMA (10) | 49.01 | BUY |
| SMA (10) | 48.92 | BUY |
| EMA (20) | 49.13 | SELL |
| SMA (20) | 49.06 | BUY |
| EMA (30) | 49.32 | SELL |
| SMA (30) | 49.15 | SELL |
| EMA (50) | 49.58 | SELL |
| SMA (50) | 49.90 | SELL |
| EMA (100) | 49.51 | SELL |
| SMA (100) | 50.18 | SELL |
| EMA (200) | 48.27 | BUY |
| SMA (200) | 48.82 | BUY |
About BALLAST SMALL/MID CAP ETF
Under normal circumstances, the fund invests at least 80% of the value of its net assets (plus borrowings for investment purposes) in equity securities (principally common stocks) of domestic companies with small to medium market capitalizations. It may also invest all or substantially all of its assets in cash and cash equivalents, including money market funds and other short-term fixed income investments, in seeking to protect principal, or when, in the Adviser's opinion, there are not sufficient companies appropriate for investment.
Background via Yahoo Finance — informational, not part of the verdict.
Average — needs more confirmation before sizing up
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.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BEARISH | 41 |
| ⏱ 15-Min | RANGING | 56 |
| ⏲ 5-Min | BEARISH | 170 |
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.
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 2026-10-20 · Asset managers net 901377 (-14458)
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.