SASSETF / FundM.D. Sass Concentrated Value ETF
Verdicts genuinely change. Free email alert the moment SASS'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.
M.D. Sass Concentrated Value ETF · RBB Fund Trust
22 holdings · as of 2026-05-31 (4.9 months ago) The fund may have traded since. SEC Form N-PORT is filed quarterly and lags the period it covers, so these are the most recent holdings on file, not the fund’s holdings today.
NON-COMPLIANT 33.85% of portfolio weight is in non-compliant holdings, over the 5% threshold.
22 holdings, 20 matched (91% of weight). Portfolio as of 2026-05-31, filed 2026-07-28. Source: SEC Form N-PORT.
0.22% of this portfolio’s income is non-permissible — weighted across holdings, computed over 73% of portfolio weight (16 of 22 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.
51.6% compliant 5.6% questionable 33.8% non-compliant 8.9% unscreened
All holdings (22)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| HSIC Henry Schein Inc | NON_COMPLIANT | 7.17% | AAOIFI36.7% Usmani32.3% Dow Jones Islamic41.6% S&P Shariah41.0% MSCI Islamic32.3% MSCI Islamic M-Series41.0% FTSE Shariah29.2% |
| PRMB Primo Brands Corp | NON_COMPLIANT | 6.97% | AAOIFI71.5% Usmani53.6% Dow Jones Islamic62.0% S&P Shariah69.6% MSCI Islamic53.6% MSCI Islamic M-Series69.6% FTSE Shariah48.5% |
| AME AMETEK Inc | COMPLIANT | 6.21% | AAOIFI4.2% Usmani13.9% Dow Jones Islamic5.1% S&P Shariah5.4% MSCI Islamic13.9% MSCI Islamic M-Series5.4% FTSE Shariah12.3% |
| WMB Williams Cos Inc/The | NON_COMPLIANT | 6.11% | AAOIFI35.0% Usmani50.0% Dow Jones Islamic41.0% S&P Shariah47.9% MSCI Islamic50.0% MSCI Islamic M-Series47.9% FTSE Shariah50.0% |
| AMZN Amazon.com Inc | QUESTIONABLE | 5.61% | AAOIFI8.2% Usmani22.1% Dow Jones Islamic9.6% S&P Shariah10.6% MSCI Islamic20.9% MSCI Islamic M-Series10.6% FTSE Shariah12.1% |
| DGX Quest Diagnostics Inc | COMPLIANT | 5.31% | AAOIFI24.4% Usmani37.7% Dow Jones Islamic32.1% S&P Shariah35.4% MSCI Islamic37.7% MSCI Islamic M-Series35.4% FTSE Shariah33.3% |
| CLH Clean Harbors Inc | COMPLIANT | 5.29% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| SARO StandardAero Inc | COMPLIANT | 4.99% | AAOIFI31.7% Usmani37.7% Dow Jones Islamic27.6% S&P Shariahpass MSCI Islamic37.4% MSCI Islamic M-Seriespass FTSE Shariah33.9% |
| COF Capital One Financial Corp | NON_COMPLIANT | 4.93% | AAOIFI38.5% Usmani7.6% Dow Jones Islamic49.3% S&P Shariah60.5% MSCI Islamic7.6% MSCI Islamic M-Series60.5% FTSE Shariah7.6% |
| CH Robinson Worldwide Inc | UNSCREENED | 4.76% | no in-house ratios for this holding |
| MLM Martin Marietta Materials Inc | COMPLIANT | 4.71% | AAOIFI17.5% Usmani29.8% Dow Jones Islamic18.4% S&P Shariah18.9% MSCI Islamic29.8% MSCI Islamic M-Series18.9% FTSE Shariah27.9% |
| SGI Somnigroup International Inc | NON_COMPLIANT | 4.66% | AAOIFI39.9% Usmani55.2% Dow Jones Islamic45.0% S&P Shariah52.4% MSCI Islamic55.2% MSCI Islamic M-Series52.4% FTSE Shariah38.0% |
| WELL Welltower Inc | COMPLIANT | 4.44% | AAOIFI10.6% Usmani26.7% Dow Jones Islamic15.6% S&P Shariah19.1% MSCI Islamic26.7% MSCI Islamic M-Series19.1% FTSE Shariah26.7% |
| APG API Group Corp | COMPLIANT | 4.23% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| U.S. Bank Money Market Deposit Account | UNSCREENED | 4.17% | no in-house ratios for this holding |
| ICE Intercontinental Exchange Inc | NON_COMPLIANT | 4.01% | AAOIFI23.2% Usmani11.8% Dow Jones Islamic22.5% S&P Shariah24.2% MSCI Islamic11.8% MSCI Islamic M-Series24.2% FTSE Shariah11.4% |
| ADI Analog Devices Inc | COMPLIANT | 3.46% | AAOIFI4.6% Usmani16.8% Dow Jones Islamic6.1% S&P Shariah6.8% MSCI Islamic16.8% MSCI Islamic M-Series6.8% FTSE Shariah16.8% |
| FLS Flowserve Corp | COMPLIANT | 3.44% | AAOIFI23.8% Usmani36.7% Dow Jones Islamic28.9% S&P Shariah32.3% MSCI Islamic36.7% MSCI Islamic M-Series32.3% FTSE Shariah33.8% |
| MU Micron Technology Inc | COMPLIANT | 3.25% | AAOIFI0.6% Usmani6.7% Dow Jones Islamic1.8% S&P Shariah2.4% MSCI Islamic4.8% MSCI Islamic M-Series2.4% FTSE Shariah4.3% |
| PWR Quanta Services Inc | COMPLIANT | 2.78% | AAOIFI6.9% Usmani23.3% Dow Jones Islamic10.1% S&P Shariah12.1% MSCI Islamic23.3% MSCI Islamic M-Series12.1% FTSE Shariah21.5% |
| DHR Danaher Corp | COMPLIANT | 1.79% | AAOIFI18.2% Usmani28.8% Dow Jones Islamic17.7% S&P Shariah16.7% MSCI Islamic28.8% MSCI Islamic M-Series16.7% FTSE Shariah28.8% |
| CBRE CBRE Group Inc | COMPLIANT | 1.70% | AAOIFI20.1% Usmani27.9% Dow Jones Islamic19.6% S&P Shariah22.3% MSCI Islamic27.2% MSCI Islamic M-Series22.3% FTSE Shariah19.0% |
The published standards disagree about this fund by 8 points of portfolio weight — 44.3% of it passes Dow Jones Islamic, 36.2% 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 39.3% ratios fail on 38.8% 21.9% not rated under AAOIFI
ratios pass on 36.7% ratios fail on 40.4% 22.9% not rated under Usmani
ratios pass on 44.3% ratios fail on 33.9% 21.9% not rated under Dow Jones Islamic
ratios pass on 39.0% ratios fail on 39.2% 21.9% not rated under S&P Shariah
ratios pass on 36.2% ratios fail on 45.4% 18.5% not rated under MSCI Islamic
ratios pass on 39.0% ratios fail on 39.2% 21.9% not rated under MSCI Islamic M-Series
ratios pass on 43.2% ratios fail on 38.4% 18.5% not rated under FTSE Shariah
20 of 22 listed holdings carry our own per-methodology verdicts (91% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 18 (82% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
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.
M.D. Sass Concentrated Value ETF (SASS) 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 SASS — 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) | 50.00 | NEUTRAL |
| Stochastic %K (14) | 70.60 | NEUTRAL |
| CCI (20) | 36.79 | NEUTRAL |
| Williams %R (14) | -29.40 | NEUTRAL |
| MACD (12,26,9) | 0.03 | BUY |
| ROC (10) | 0.34 | BUY |
| Momentum (10) | 0.08 | BUY |
| EMA (10) | 23.51 | BUY |
| SMA (10) | 23.46 | BUY |
| EMA (20) | 23.57 | BUY |
| SMA (20) | 23.55 | BUY |
| EMA (30) | 23.67 | SELL |
| SMA (30) | 23.61 | BUY |
| EMA (50) | 23.84 | SELL |
| SMA (50) | 23.91 | SELL |
| EMA (100) | 24.03 | SELL |
| SMA (100) | 24.29 | SELL |
| EMA (200) | 24.21 | SELL |
About M.D. Sass Concentrated Value ETF
The fund is an actively-managed exchange-traded fund (“ETF”) that follows a high conviction, opportunistic U.S. equity strategy. The fund pursues its investment objective by investing at least 80% of its net assets (plus borrowings for investment purposes) in common stocks and American Depositary Receipts. The fund is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
No real edge — avoid
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 | BULLISH | 42 |
| ⏲ 5-Min | BULLISH | 35 |
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.