UCONETF / FundFirst Trust Smith Unconstrained Bond ETF
Verdicts genuinely change. Free email alert the moment UCON'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.
First Trust Smith Unconstrained Bond ETF ETF · First Trust Exchange-Traded Fund VIII
438 holdings · as of 2026-08-31 (2.0 months ago)
NON-COMPLIANT At least 57.75% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 37% turns out to be. Matching more holdings can only raise this share, never lower it.
30.50% of that is conventional interest-bearing debt, identified from the fund's own filing rather than by screening an issuer. Sukuk are deliberately excluded from this test and are never counted here.
438 holdings, 241 matched (63% of weight). Portfolio as of 2026-08-31, filed 2026-10-21. Source: SEC Form N-PORT.
4.77% of this portfolio’s income is non-permissible — weighted across holdings, computed over 23% of portfolio weight (114 of 438 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.
Portfolio shares are withheld: coverage is below the floor needed to state one. The holdings themselves are below, because the names are evidence you can check.
All holdings (438) · showing 251–438
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP | UNSCREENED | 0.14% | no in-house ratios for this holding |
| CITADEL SECURITIES GLOBAL HOLDINGS LLC | UNSCREENED | 0.13% | no in-house ratios for this holding |
| WFC WELLS FARGO & COMPANY | NON_COMPLIANT | 0.13% | AAOIFI80.2% Usmani9.1% Dow Jones Islamic84.8% S&P Shariah93.9% MSCI Islamic9.1% MSCI Islamic M-Series93.9% FTSE Shariah9.1% |
| 245 PARK AVENUE TRUST 2017-245P | UNSCREENED | 0.13% | no in-house ratios for this holding |
| Federal National Mortgage Association | NON_COMPLIANT | 0.13% | no in-house ratios for this holding |
| BNY BANK OF NEW YORK MELLON CORP (THE) | NON_COMPLIANT | 0.13% | AAOIFI27.2% Usmani5.8% Dow Jones Islamic41.5% S&P Shariah49.3% MSCI Islamic5.8% MSCI Islamic M-Series49.3% FTSE Shariah5.8% |
| ORCL ORACLE CORP | NON_COMPLIANT | 0.13% | AAOIFI34.1% Usmani64.0% Dow Jones Islamic30.7% S&P Shariah35.2% MSCI Islamic61.0% MSCI Islamic M-Series35.2% FTSE Shariah49.5% |
| CHOBANI LLC / CHOBANI FINANCE CORP INC | UNSCREENED | 0.13% | no in-house ratios for this holding |
| Federal National Mortgage Association | NON_COMPLIANT | 0.13% | no in-house ratios for this holding |
| FMCC FEDERAL HOME LOAN MORTGAGE CORP | NON_COMPLIANT | 0.13% | AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1% |
| Fnma Pass-Thru I | NON_COMPLIANT | 0.13% | no in-house ratios for this holding |
| Fnma Pass-Thru I | NON_COMPLIANT | 0.13% | no in-house ratios for this holding |
| BNY BANK OF NEW YORK MELLON CORP (THE) | NON_COMPLIANT | 0.12% | AAOIFI27.2% Usmani5.8% Dow Jones Islamic41.5% S&P Shariah49.3% MSCI Islamic5.8% MSCI Islamic M-Series49.3% FTSE Shariah5.8% |
| MKT 2020-525M MORTGAGE TRUST | UNSCREENED | 0.12% | no in-house ratios for this holding |
| 9434.T SOFTBANK CORP | NON_COMPLIANT | 0.12% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| DISCOVERY GLOBAL HOLDINGS INC | UNSCREENED | 0.12% | no in-house ratios for this holding |
| Federal National Mortgage Association | NON_COMPLIANT | 0.12% | no in-house ratios for this holding |
| HYUNDAI CAPITAL AMERICA | UNSCREENED | 0.12% | no in-house ratios for this holding |
| FIRST-CITIZENS BANK & TRUST COMPANY | UNSCREENED | 0.12% | no in-house ratios for this holding |
| ALLY ALLY FINANCIAL INC | NON_COMPLIANT | 0.12% | AAOIFI128.2% Usmani8.5% Dow Jones Islamic145.1% S&P Shariah153.2% MSCI Islamic8.5% MSCI Islamic M-Series153.2% FTSE Shariah8.5% |
| TPC TUTOR PERINI CORP | COMPLIANT | 0.12% | AAOIFI10.0% Usmani8.7% Dow Jones Islamic16.4% S&P Shariah21.9% MSCI Islamic8.7% MSCI Islamic M-Series21.9% FTSE Shariah7.4% |
| TAYLOR MORRISON COMMUNITIES INC | UNSCREENED | 0.12% | no in-house ratios for this holding |
| ASURION LLC / ASURION CO-ISSUER INC | UNSCREENED | 0.12% | no in-house ratios for this holding |
| COBANK ACB | UNSCREENED | 0.12% | no in-house ratios for this holding |
| FIS FIDELITY NATIONAL INFORMATION SERVICES INC | NON_COMPLIANT | 0.11% | AAOIFI78.8% Usmani38.6% Dow Jones Islamic50.4% S&P Shariah49.4% MSCI Islamic38.6% MSCI Islamic M-Series49.4% FTSE Shariah38.4% |
| ECL ECOLAB INC | COMPLIANT | 0.11% | AAOIFI17.0% Usmani44.6% Dow Jones Islamic18.1% S&P Shariah19.4% MSCI Islamic44.6% MSCI Islamic M-Series19.4% FTSE Shariah44.0% |
| ACCENTURE CAPITAL INC | UNSCREENED | 0.11% | no in-house ratios for this holding |
| BX COMMERCIAL MORTGAGE TRUST 2018-BIOA | UNSCREENED | 0.11% | no in-house ratios for this holding |
| SDR COMMERCIAL MORTGAGE TRUST 2024-DSNY | UNSCREENED | 0.11% | no in-house ratios for this holding |
| HONA HONEYWELL AEROSPACE INC | COMPLIANT | 0.11% | AAOIFI32.8% Usmani83.4% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic83.4% MSCI Islamic M-Seriespass FTSE Shariah81.8% |
| XEL XCEL ENERGY INC | NON_COMPLIANT | 0.11% | AAOIFI82.6% Usmani47.8% Dow Jones Islamic94.9% S&P Shariah105.9% MSCI Islamic46.3% MSCI Islamic M-Series105.9% FTSE Shariah45.3% |
| BX TRUST 2021-LBA | UNSCREENED | 0.11% | no in-house ratios for this holding |
| RY ROYAL BANK OF CANADA | COMPLIANT | 0.11% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| FMCC FEDERAL HOME LOAN MORTGAGE CORP | NON_COMPLIANT | 0.11% | AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1% |
| SFO COMMERCIAL MORTGAGE TRUST 2021-555 | UNSCREENED | 0.11% | no in-house ratios for this holding |
| ASURION LLC / ASURION CO-ISSUER INC | UNSCREENED | 0.11% | no in-house ratios for this holding |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION | NON_COMPLIANT | 0.11% | no in-house ratios for this holding |
| Government National Mortgage Association | NON_COMPLIANT | 0.11% | no in-house ratios for this holding |
| BAC BANK OF AMERICA CORP | NON_COMPLIANT | 0.11% | AAOIFI77.5% Usmani9.7% Dow Jones Islamic95.9% S&P Shariah105.7% MSCI Islamic9.7% MSCI Islamic M-Series105.7% FTSE Shariah9.7% |
| COREWEAVE INC | UNSCREENED | 0.11% | no in-house ratios for this holding |
| PENN PENN ENTERTAINMENT INC | NON_COMPLIANT | 0.10% | AAOIFI294.9% Usmani62.1% Dow Jones Islamic263.4% S&P Shariah245.6% MSCI Islamic47.5% MSCI Islamic M-Series245.6% FTSE Shariah19.7% |
| HSBA.L HSBC HOLDINGS PLC | NON_COMPLIANT | 0.10% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| FARM CREDIT BANK OF TEXAS INC | UNSCREENED | 0.10% | no in-house ratios for this holding |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION | NON_COMPLIANT | 0.10% | no in-house ratios for this holding |
| UAL UNITED AIRLINES HOLDINGS INC | NON_COMPLIANT | 0.10% | AAOIFI93.1% Usmani39.8% Dow Jones Islamic109.0% S&P Shariah132.3% MSCI Islamic39.8% MSCI Islamic M-Series132.3% FTSE Shariah31.3% |
| BUCKEYE PARTNERS LP | UNSCREENED | 0.10% | no in-house ratios for this holding |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION | NON_COMPLIANT | 0.10% | no in-house ratios for this holding |
| QXO BUILDING PRODUCTS INC | UNSCREENED | 0.10% | no in-house ratios for this holding |
| BX COMMERCIAL MORTGAGE TRUST 2018-BIOA | UNSCREENED | 0.10% | no in-house ratios for this holding |
| IRON MOUNTAIN INC (REIT) | UNSCREENED | 0.10% | no in-house ratios for this holding |
| FIRST CITIZENS BANCSHARES INC | UNSCREENED | 0.10% | no in-house ratios for this holding |
| BXP TRUST 2017-GM | UNSCREENED | 0.10% | no in-house ratios for this holding |
| JXN JACKSON FINANCIAL INC | NON_COMPLIANT | 0.09% | AAOIFI29.9% Usmani0.8% Dow Jones Islamic40.4% S&P Shariah46.2% MSCI Islamic0.8% MSCI Islamic M-Series46.2% FTSE Shariah0.8% |
| 2222.SR SAUDI ARABIAN OIL COMPANY | COMPLIANT | 0.09% | AAOIFI5.8% Usmani16.9% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic14.2% MSCI Islamic M-Seriespass FTSE Shariah14.2% |
| GENESIS ENERGY LP / GENESIS ENERGY FINANCE CORP | UNSCREENED | 0.09% | no in-house ratios for this holding |
| BAYER US FINANCE LLC | UNSCREENED | 0.09% | no in-house ratios for this holding |
| UNIVISION COMMUNICATIONS INC | UNSCREENED | 0.09% | no in-house ratios for this holding |
| ASB ASSOCIATED BANC-CORP | NON_COMPLIANT | 0.09% | AAOIFI97.1% Usmani11.0% Dow Jones Islamic139.7% S&P Shariah156.7% MSCI Islamic11.0% MSCI Islamic M-Series156.7% FTSE Shariah11.0% |
| OUTFRONT MEDIA CAPITAL LLC/OUTFRONT MEDIA CAPITAL CORP | UNSCREENED | 0.09% | no in-house ratios for this holding |
| WASTE PRO USA INC | UNSCREENED | 0.09% | no in-house ratios for this holding |
| CUSHMAN & WAKEFIELD U.S. BORROWER LLC | UNSCREENED | 0.09% | no in-house ratios for this holding |
| CRS CARPENTER TECHNOLOGY CORP | COMPLIANT | 0.09% | AAOIFI3.2% Usmani19.0% Dow Jones Islamic4.9% S&P Shariah6.4% MSCI Islamic19.0% MSCI Islamic M-Series6.4% FTSE Shariah18.0% |
| JP MORGAN CHASE & COMPANY | UNSCREENED | 0.08% | no in-house ratios for this holding |
| HILT COMMERCIAL MORTGAGE TRUST 2024-ORL | UNSCREENED | 0.08% | no in-house ratios for this holding |
| HCA INC | UNSCREENED | 0.08% | no in-house ratios for this holding |
| BX TRUST 2018-BILT | UNSCREENED | 0.08% | no in-house ratios for this holding |
| Fnma Pass-Thru I | NON_COMPLIANT | 0.08% | no in-house ratios for this holding |
| ALBERTSONS COMPANIES INC / SAFEWAY INC / NEW ALBERTSONS LP / ALBERTSONS LLC | UNSCREENED | 0.08% | no in-house ratios for this holding |
| SLG OFFICE TRUST COMMERCIAL MORTGAGE PASS THROUGH CERTIFICATES 2021-OVA | UNSCREENED | 0.08% | no in-house ratios for this holding |
| ONE BRYANT PARK TRUST 2019-OBP | UNSCREENED | 0.08% | no in-house ratios for this holding |
| PARA PARAMOUNT GLOBAL | NON_COMPLIANT | 0.08% | AAOIFI1.7% Usmani0.1% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.1% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| BX TRUST 2018-BILT | UNSCREENED | 0.08% | no in-house ratios for this holding |
| BMRN BIOMARIN PHARMACEUTICAL INC | NON_COMPLIANT | 0.08% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| JP MORGAN CHASE & COMPANY | UNSCREENED | 0.08% | no in-house ratios for this holding |
| GS GOLDMAN SACHS GROUP INC (THE) | NON_COMPLIANT | 0.08% | AAOIFI147.5% Usmani20.6% Dow Jones Islamic194.6% S&P Shariah229.2% MSCI Islamic20.6% MSCI Islamic M-Series229.2% FTSE Shariah20.6% |
| ACCENTURE CAPITAL INC | UNSCREENED | 0.08% | no in-house ratios for this holding |
| ECL ECOLAB INC | COMPLIANT | 0.08% | AAOIFI17.0% Usmani44.6% Dow Jones Islamic18.1% S&P Shariah19.4% MSCI Islamic44.6% MSCI Islamic M-Series19.4% FTSE Shariah44.0% |
| BAYER US FINANCE LLC | UNSCREENED | 0.08% | no in-house ratios for this holding |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | NON_COMPLIANT | 0.08% | no in-house ratios for this holding |
| JXN JACKSON FINANCIAL INC | NON_COMPLIANT | 0.08% | AAOIFI29.9% Usmani0.8% Dow Jones Islamic40.4% S&P Shariah46.2% MSCI Islamic0.8% MSCI Islamic M-Series46.2% FTSE Shariah0.8% |
| AUGUSTA SPINCO CORP | UNSCREENED | 0.07% | no in-house ratios for this holding |
| ALBERTSONS COMPANIES INC / SAFEWAY INC / NEW ALBERTSONS LP / ALBERTSONS LLC | UNSCREENED | 0.07% | no in-house ratios for this holding |
| ES EVERSOURCE ENERGY | NON_COMPLIANT | 0.07% | AAOIFI108.8% Usmani45.9% Dow Jones Islamic122.9% S&P Shariah132.3% MSCI Islamic45.9% MSCI Islamic M-Series132.3% FTSE Shariah45.9% |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION | NON_COMPLIANT | 0.07% | no in-house ratios for this holding |
| ROCKET MORTGAGE LLC | UNSCREENED | 0.07% | no in-house ratios for this holding |
| RKT ROCKET COMPANIES INC | NON_COMPLIANT | 0.07% | AAOIFI27.1% Usmani17.7% Dow Jones Islamic24.8% S&P Shariah26.9% MSCI Islamic17.7% MSCI Islamic M-Series26.9% FTSE Shariah17.7% |
| LEIDOS INC | UNSCREENED | 0.07% | no in-house ratios for this holding |
| COBANK ACB | UNSCREENED | 0.07% | no in-house ratios for this holding |
| CENX CENTURY ALUMINUM COMPANY | COMPLIANT | 0.07% | AAOIFI10.4% Usmani16.7% Dow Jones Islamic15.7% S&P Shariah19.8% MSCI Islamic16.7% MSCI Islamic M-Series19.8% FTSE Shariah16.7% |
| ETR ENTERGY CORP | NON_COMPLIANT | 0.07% | AAOIFI65.8% Usmani43.6% Dow Jones Islamic83.2% S&P Shariah99.2% MSCI Islamic43.5% MSCI Islamic M-Series99.2% FTSE Shariah43.1% |
| BX TRUST 2018-BILT | UNSCREENED | 0.07% | no in-house ratios for this holding |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION | NON_COMPLIANT | 0.06% | no in-house ratios for this holding |
| GENMAB A/S / GENMAB FINANCE LLC | UNSCREENED | 0.06% | no in-house ratios for this holding |
| PNC PNC FINANCIAL SERVICES GROUP INC (THE) | NON_COMPLIANT | 0.06% | AAOIFI87.5% Usmani13.9% Dow Jones Islamic110.0% S&P Shariah122.6% MSCI Islamic13.9% MSCI Islamic M-Series122.6% FTSE Shariah13.9% |
| LAD AUTO RECEIVABLES TRUST 2023-1 | UNSCREENED | 0.06% | no in-house ratios for this holding |
| Electronic Arts | UNSCREENED | 0.06% | no in-house ratios for this holding |
| TDG TL N 1L USD 02/10/33 | UNSCREENED | 0.06% | no in-house ratios for this holding |
| BX TRUST 2021-LBA | UNSCREENED | 0.06% | no in-house ratios for this holding |
| FLEX INTERMEDIATE HOLDCO LLC | UNSCREENED | 0.06% | no in-house ratios for this holding |
| AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL AVIATION TRUST | UNSCREENED | 0.06% | no in-house ratios for this holding |
| BX COMMERCIAL MORTGAGE TRUST 2022-AHP | UNSCREENED | 0.06% | no in-house ratios for this holding |
| SUN SUNOCO LP | NON_COMPLIANT | 0.06% | AAOIFI104.9% Usmani51.6% Dow Jones Islamic133.3% S&P Shariah140.0% MSCI Islamic49.6% MSCI Islamic M-Series140.0% FTSE Shariah44.5% |
| UBSG.SW UBS GROUP AG | NON_COMPLIANT | 0.06% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| DORM DORMAN PRODUCTS INC | COMPLIANT | 0.06% | AAOIFI13.6% Usmani21.1% Dow Jones Islamic13.6% S&P Shariah15.1% MSCI Islamic21.1% MSCI Islamic M-Series15.1% FTSE Shariah17.6% |
| SUN SUNOCO LP | NON_COMPLIANT | 0.06% | AAOIFI104.9% Usmani51.6% Dow Jones Islamic133.3% S&P Shariah140.0% MSCI Islamic49.6% MSCI Islamic M-Series140.0% FTSE Shariah44.5% |
| BWX TECHNOLOGIES INC | UNSCREENED | 0.06% | no in-house ratios for this holding |
| FMCC FEDERAL HOME LOAN MORTGAGE CORP | NON_COMPLIANT | 0.06% | AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1% |
| BOH BANK OF HAWAII CORP | NON_COMPLIANT | 0.06% | AAOIFI16.7% Usmani2.1% Dow Jones Islamic18.7% S&P Shariah20.2% MSCI Islamic2.1% MSCI Islamic M-Series20.2% FTSE Shariah2.1% |
| NOBLE FINANCE II LLC | UNSCREENED | 0.06% | no in-house ratios for this holding |
| BNP.PA BNP PARIBAS SA | NON_COMPLIANT | 0.06% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CNX CNX RESOURCES CORP | NON_COMPLIANT | 0.06% | AAOIFI42.4% Usmani26.0% Dow Jones Islamic47.9% S&P Shariah52.8% MSCI Islamic25.7% MSCI Islamic M-Series52.8% FTSE Shariah24.3% |
| EMN EASTMAN CHEMICAL COMPANY | NON_COMPLIANT | 0.06% | AAOIFI64.1% Usmani33.8% Dow Jones Islamic60.0% S&P Shariah58.0% MSCI Islamic33.8% MSCI Islamic M-Series58.0% FTSE Shariah33.8% |
| ASP Dream (DBA FullBloom) | UNSCREENED | 0.06% | no in-house ratios for this holding |
| Carvana Auto Receivables Trust 2022- P2 | UNSCREENED | 0.06% | no in-house ratios for this holding |
| PARA PARAMOUNT GLOBAL | NON_COMPLIANT | 0.06% | AAOIFI1.7% Usmani0.1% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.1% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| HCA INC | UNSCREENED | 0.06% | no in-house ratios for this holding |
| RKT ROCKET COMPANIES INC | NON_COMPLIANT | 0.05% | AAOIFI27.1% Usmani17.7% Dow Jones Islamic24.8% S&P Shariah26.9% MSCI Islamic17.7% MSCI Islamic M-Series26.9% FTSE Shariah17.7% |
| JP MORGAN CHASE & COMPANY | UNSCREENED | 0.05% | no in-house ratios for this holding |
| FMCC FEDERAL HOME LOAN MORTGAGE CORP | NON_COMPLIANT | 0.05% | AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1% |
| DINO HF SINCLAIR CORP | COMPLIANT | 0.05% | AAOIFI16.9% Usmani17.1% Dow Jones Islamic34.7% S&P Shariah34.5% MSCI Islamic16.6% MSCI Islamic M-Series34.5% FTSE Shariah14.6% |
| MS MORGAN STANLEY | NON_COMPLIANT | 0.05% | AAOIFI115.6% Usmani23.4% Dow Jones Islamic161.6% S&P Shariah189.1% MSCI Islamic23.4% MSCI Islamic M-Series189.1% FTSE Shariah23.4% |
| FMCC Federal Home Loan Mortgage Corp. | NON_COMPLIANT | 0.05% | AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1% |
| Government National Mortgage Association | NON_COMPLIANT | 0.05% | no in-house ratios for this holding |
| AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL AVIATION TRUST | UNSCREENED | 0.05% | no in-house ratios for this holding |
| STWD TRUST 2021-LIH | UNSCREENED | 0.05% | no in-house ratios for this holding |
| RKT ROCKET COMPANIES INC | NON_COMPLIANT | 0.05% | AAOIFI27.1% Usmani17.7% Dow Jones Islamic24.8% S&P Shariah26.9% MSCI Islamic17.7% MSCI Islamic M-Series26.9% FTSE Shariah17.7% |
| ALCON FINANCE CORP | UNSCREENED | 0.05% | no in-house ratios for this holding |
| COF CAPITAL ONE FINANCIAL CORP | NON_COMPLIANT | 0.05% | AAOIFI38.5% Usmani7.6% Dow Jones Islamic49.3% S&P Shariah60.5% MSCI Islamic7.6% MSCI Islamic M-Series60.5% FTSE Shariah7.6% |
| PRIME SECURITY SERVICES BORROWER LLC / PRIME FINANCE INC | UNSCREENED | 0.04% | no in-house ratios for this holding |
| MS MORGAN STANLEY | NON_COMPLIANT | 0.04% | AAOIFI115.6% Usmani23.4% Dow Jones Islamic161.6% S&P Shariah189.1% MSCI Islamic23.4% MSCI Islamic M-Series189.1% FTSE Shariah23.4% |
| SIERRA PACIFIC POWER COMPANY | UNSCREENED | 0.04% | no in-house ratios for this holding |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | NON_COMPLIANT | 0.04% | no in-house ratios for this holding |
| ARIS WATER HOLDINGS LLC | UNSCREENED | 0.04% | no in-house ratios for this holding |
| SUN Sunoco LP | NON_COMPLIANT | 0.04% | AAOIFI104.9% Usmani51.6% Dow Jones Islamic133.3% S&P Shariah140.0% MSCI Islamic49.6% MSCI Islamic M-Series140.0% FTSE Shariah44.5% |
| Carvana Auto Receivables Trust 2023-P3 | UNSCREENED | 0.04% | no in-house ratios for this holding |
| SUN Sunoco LP | NON_COMPLIANT | 0.04% | AAOIFI104.9% Usmani51.6% Dow Jones Islamic133.3% S&P Shariah140.0% MSCI Islamic49.6% MSCI Islamic M-Series140.0% FTSE Shariah44.5% |
| OXY OCCIDENTAL PETROLEUM CORP | NON_COMPLIANT | 0.04% | AAOIFI24.4% Usmani19.4% Dow Jones Islamic31.4% S&P Shariah30.3% MSCI Islamic18.2% MSCI Islamic M-Series30.3% FTSE Shariah17.1% |
| US BANCORP | UNSCREENED | 0.04% | no in-house ratios for this holding |
| QUIKRETE HOLDINGS INC | UNSCREENED | 0.03% | no in-house ratios for this holding |
| VST VISTRA CORP | NON_COMPLIANT | 0.03% | AAOIFI39.4% Usmani46.0% Dow Jones Islamic36.7% S&P Shariah46.3% MSCI Islamic46.0% MSCI Islamic M-Series46.3% FTSE Shariah46.0% |
| SIX FLAGS ENTERTAINMENT CORP / CANADA'S WONDERLAND COMPANY AND MILLENNIUM OPERATIONS LLC | UNSCREENED | 0.03% | no in-house ratios for this holding |
| ASCENT RESOURCES UTICA HOLDINGS LLC/ARU FINANCE CORP | UNSCREENED | 0.03% | no in-house ratios for this holding |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | NON_COMPLIANT | 0.03% | no in-house ratios for this holding |
| COX ENTERPRISES INC | UNSCREENED | 0.03% | no in-house ratios for this holding |
| Carvana Auto Receivables Trust 2022- P2 | UNSCREENED | 0.02% | no in-house ratios for this holding |
| SUN SUNOCO LP | NON_COMPLIANT | 0.02% | AAOIFI104.9% Usmani51.6% Dow Jones Islamic133.3% S&P Shariah140.0% MSCI Islamic49.6% MSCI Islamic M-Series140.0% FTSE Shariah44.5% |
| TAYLOR MORRISON COMMUNITIES INC | UNSCREENED | 0.02% | no in-house ratios for this holding |
| GFL GFL ENVIRONMENTAL INC | NON_COMPLIANT | 0.02% | AAOIFI29.3% Usmani38.5% Dow Jones Islamic34.1% S&P Shariah36.6% MSCI Islamic38.5% MSCI Islamic M-Series36.6% FTSE Shariah38.5% |
| AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL AVIATION TRUST | UNSCREENED | 0.02% | no in-house ratios for this holding |
| GLP CAPITAL LP / GLP FINANCING II INC | UNSCREENED | 0.02% | no in-house ratios for this holding |
| Carvana Auto Receivables Trust 2023-P3 | UNSCREENED | 0.02% | no in-house ratios for this holding |
| LYV LIVE NATION ENTERTAINMENT INC | NON_COMPLIANT | 0.02% | AAOIFI27.6% Usmani40.0% Dow Jones Islamic32.8% S&P Shariah37.6% MSCI Islamic40.0% MSCI Islamic M-Series37.6% FTSE Shariah32.7% |
| Chase Auto 2005-B | UNSCREENED | 0.02% | no in-house ratios for this holding |
| SKYAF 2020-1 A | UNSCREENED | 0.01% | no in-house ratios for this holding |
| BUCKEYE PARTNERS LP | UNSCREENED | 0.01% | no in-house ratios for this holding |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION | NON_COMPLIANT | 0.01% | no in-house ratios for this holding |
| SFD SMITHFIELD FOODS INC | COMPLIANT | 0.01% | AAOIFI27.7% Usmani19.9% Dow Jones Islamic29.3% S&P Shariahpass MSCI Islamic19.9% MSCI Islamic M-Seriespass FTSE Shariah16.7% |
| FMCC FEDERAL HOME LOAN MORTGAGE CORP | NON_COMPLIANT | 0.01% | AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1% |
| FMCC FEDERAL HOME LOAN MORTGAGE CORP | NON_COMPLIANT | 0.01% | AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1% |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION | NON_COMPLIANT | 0.01% | no in-house ratios for this holding |
| HCA INC | UNSCREENED | 0.01% | no in-house ratios for this holding |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION | NON_COMPLIANT | 0.01% | no in-house ratios for this holding |
| SPECTRUM BRANDS INC | UNSCREENED | 0.01% | no in-house ratios for this holding |
| CARVANA AUTO RECEIVABLES TRUST 2021 | UNSCREENED | 0.01% | no in-house ratios for this holding |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION | NON_COMPLIANT | 0.01% | no in-house ratios for this holding |
| FMCC FEDERAL HOME LOAN MORTGAGE CORP | NON_COMPLIANT | 0.01% | AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1% |
| SLM STUDENT LOAN TRUST 2006-2 | UNSCREENED | 0.01% | no in-house ratios for this holding |
| FMCC FEDERAL HOME LOAN MORTGAGE CORP | NON_COMPLIANT | 0.01% | AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1% |
| OREGON TOOL LUX LP | UNSCREENED | 0.01% | no in-house ratios for this holding |
| FMCC FEDERAL HOME LOAN MORTGAGE CORP | NON_COMPLIANT | 0.01% | AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1% |
| FMCC FEDERAL HOME LOAN MORTGAGE CORP | NON_COMPLIANT | 0.01% | AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1% |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION | NON_COMPLIANT | 0.01% | no in-house ratios for this holding |
| SLM STUDENT LOAN TRUST 2007-4 | UNSCREENED | 0.00% | no in-house ratios for this holding |
| AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL AVIATION TRUST | UNSCREENED | 0.00% | no in-house ratios for this holding |
| SLM STUDENT LOAN EDC REPACKAGING TRUST 2013-M1 | UNSCREENED | 0.00% | no in-house ratios for this holding |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION | NON_COMPLIANT | 0.00% | no in-house ratios for this holding |
| CSMCM Trust Certificates | UNSCREENED | 0.00% | no in-house ratios for this holding |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION | NON_COMPLIANT | 0.00% | no in-house ratios for this holding |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION | NON_COMPLIANT | 0.00% | no in-house ratios for this holding |
| FMCC FEDERAL HOME LOAN MORTGAGE CORP | NON_COMPLIANT | 0.00% | AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1% |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION | NON_COMPLIANT | 0.00% | no in-house ratios for this holding |
| FMCC FEDERAL HOME LOAN MORTGAGE CORP | NON_COMPLIANT | 0.00% | AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1% |
| FMCC FEDERAL HOME LOAN MORTGAGE CORP | NON_COMPLIANT | 0.00% | AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1% |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION | NON_COMPLIANT | 0.00% | no in-house ratios for this holding |
| FMCC FEDERAL HOME LOAN MORTGAGE CORP | NON_COMPLIANT | 0.00% | AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1% |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION | NON_COMPLIANT | 0.00% | no in-house ratios for this holding |
| FMCC FEDERAL HOME LOAN MORTGAGE CORP | NON_COMPLIANT | 0.00% | AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1% |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION | NON_COMPLIANT | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 2 points of portfolio weight — 8.3% of it passes FTSE Shariah, 5.8% passes S&P Shariah. 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 6.1% ratios fail on 25.2% 67.7% not rated under AAOIFI
ratios pass on 6.6% ratios fail on 20.6% 71.8% not rated under Usmani
ratios pass on 6.1% ratios fail on 24.1% 68.8% not rated under Dow Jones Islamic
ratios pass on 5.8% ratios fail on 23.9% 69.3% not rated under S&P Shariah
ratios pass on 6.8% ratios fail on 20.3% 71.9% not rated under MSCI Islamic
ratios pass on 5.8% ratios fail on 24.4% 68.8% not rated under MSCI Islamic M-Series
ratios pass on 8.3% ratios fail on 18.9% 71.8% not rated under FTSE Shariah
94 of 438 listed holdings carry our own per-methodology verdicts (32% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 86 (30% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 2.90% |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 2.33% |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 2.21% |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 2.05% |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 2.03% |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 1.88% |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 1.60% |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 1.43% |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 1.23% |
| Federal National Mortgage Association | 0.91% |
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.
First Trust Smith Unconstrained Bond ETF (UCON) 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 UCON — 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) | 60.20 | NEUTRAL |
| Stochastic %K (14) | 72.33 | NEUTRAL |
| CCI (20) | 152.92 | SELL |
| Williams %R (14) | -27.67 | NEUTRAL |
| MACD (12,26,9) | 0.04 | BUY |
| ROC (10) | 0.82 | BUY |
| Momentum (10) | 0.20 | BUY |
| EMA (10) | 23.93 | BUY |
| SMA (10) | 23.92 | BUY |
| EMA (20) | 23.90 | BUY |
| SMA (20) | 23.83 | BUY |
| EMA (30) | 23.92 | BUY |
| SMA (30) | 23.84 | BUY |
| EMA (50) | 23.99 | BUY |
| SMA (50) | 24.02 | BUY |
| EMA (100) | 24.11 | SELL |
| SMA (100) | 24.21 | SELL |
| EMA (200) | 24.18 | SELL |
| SMA (200) | 24.26 | SELL |
About First Trust Smith Unconstrained Bond ETF
Under normal market conditions, the fund invests at least 80% of its net assets (including investment borrowings) in a portfolio of fixed income securities. Its average portfolio duration will vary from between 0 to 10 years. It may invest a significant portion of its assets in securitized investment products, including up to 50% of its net assets in each of asset-backed securities, residential mortgage-backed securities and commercial mortgage-backed securities.
Background via Yahoo Finance — informational, not part of the 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.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BULLISH | 44 |
| ⏰ 4H | BULLISH | 36 |
| 🕐 1H | BEARISH | 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.
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.