WCMEETF / FundFirst Trust WCM Developing World Equity ETF
Verdicts genuinely change. Free email alert the moment WCME'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 WCM Developing World Equity ETF ETF · First Trust Exchange-Traded Fund
36 holdings · as of 2026-06-30 (3.8 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 26.99% of portfolio weight is in non-compliant holdings, over the 5% threshold.
36 holdings, 28 matched (81% of weight). Portfolio as of 2026-06-30, filed 2026-08-21. Source: SEC Form N-PORT.
4.34% of this portfolio’s income is non-permissible — weighted across holdings, computed over 76% of portfolio weight (26 of 36 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.
51.9% compliant 0.0% questionable 27.0% non-compliant 19.1% unscreened
All holdings (36)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| TSM TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD | COMPLIANT | 13.32% | AAOIFI1.5% Usmani13.8% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic13.4% MSCI Islamic M-Series0.6% FTSE Shariah13.4% |
| 000660.KS SK HYNIX INC | COMPLIANT | 6.41% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 402340.KS SK SQUARE CO LTD | COMPLIANT | 6.34% | AAOIFI0.1% Usmani0.7% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic0.4% MSCI Islamic M-Seriespass FTSE Shariah0.4% |
| 005930.KS SAMSUNG ELECTRONICS CO LTD | COMPLIANT | 4.85% | AAOIFI1.4% Usmani5.3% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.5% MSCI Islamic M-Seriespass FTSE Shariah4.5% |
| TEVA PHARMACEUTICAL INDUSTRIES LTD | UNSCREENED | 3.72% | no in-house ratios for this holding |
| EMBJ3.SA EMBRAER - EMPRESA BRASILEIRA DE AERONAUTICA SA | NON_COMPLIANT | 3.09% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ACMR ACM RESEARCH INC | COMPLIANT | 3.00% | AAOIFI4.2% Usmani7.1% Dow Jones Islamic13.6% S&P Shariah16.3% MSCI Islamic7.1% MSCI Islamic M-Series16.3% FTSE Shariah6.9% |
| GLEN.L GLENCORE PLC | NON_COMPLIANT | 2.93% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 064350.KS HYUNDAI ROTEM COMPANY | COMPLIANT | 2.70% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| CEMEX-CEMENTOS MEXICANOS SAB DE CV | UNSCREENED | 2.70% | no in-house ratios for this holding |
| 2269.HK WUXI BIOLOGICS (CAYMAN) INC | COMPLIANT | 2.67% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| SABESP - COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO SA | UNSCREENED | 2.61% | no in-house ratios for this holding |
| COPA HOLDINGS SA | UNSCREENED | 2.55% | no in-house ratios for this holding |
| 105560.KS KB FINANCIAL GROUP INC | NON_COMPLIANT | 2.49% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 5225.KL IHH HEALTHCARE BHD | COMPLIANT | 2.48% | AAOIFI22.4% Usmani30.7% Dow Jones Islamic— S&P Shariah— MSCI Islamic27.0% MSCI Islamic M-Series— FTSE Shariah27.0% |
| 300750.SZ CONTEMPORARY AMPEREX TECHNOLOGY CO LTD | COMPLIANT | 2.47% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| PRIO SA | UNSCREENED | 2.26% | no in-house ratios for this holding |
| BAP CREDICORP LTD | NON_COMPLIANT | 2.21% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 1211.HK BYD COMPANY LTD | COMPLIANT | 2.04% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 1299.HK AIA GROUP LTD | NON_COMPLIANT | 2.00% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BIDU BAIDU INC | NON_COMPLIANT | 1.97% | AAOIFI156.9% Usmani11.2% Dow Jones Islamic2.5% S&P Shariah2.5% MSCI Islamic11.2% MSCI Islamic M-Series2.5% FTSE Shariah9.5% |
| B3SA3.SA B3 - BRASIL BOLSA BALCAO SA | NON_COMPLIANT | 1.95% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| UNIVERSAL MICROWAVE TECHNOLOGY INC | UNSCREENED | 1.89% | no in-house ratios for this holding |
| KASPI.KZ JSC | UNSCREENED | 1.86% | no in-house ratios for this holding |
| ICICIBANK.NS ICICI BANK LTD | NON_COMPLIANT | 1.78% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NU NU HOLDINGS LTD | NON_COMPLIANT | 1.76% | AAOIFI2.5% Usmani3.5% Dow Jones Islamic2.6% S&P Shariah2.8% MSCI Islamic3.5% MSCI Islamic M-Series2.8% FTSE Shariah3.5% |
| 2313.HK SHENZHOU INTERNATIONAL GROUP HOLDINGS LTD | NON_COMPLIANT | 1.72% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CPNG COUPANG INC | COMPLIANT | 1.59% | AAOIFI20.5% Usmani32.4% Dow Jones Islamic13.3% S&P Shariah14.3% MSCI Islamic32.4% MSCI Islamic M-Series14.3% FTSE Shariah15.0% |
| SE SEA LTD | COMPLIANT | 1.55% | AAOIFI3.7% Usmani8.8% Dow Jones Islamic3.3% S&P Shariah4.1% MSCI Islamic8.6% MSCI Islamic M-Series4.1% FTSE Shariah3.6% |
| VISTA ENERGY SAB DE CV | UNSCREENED | 1.49% | no in-house ratios for this holding |
| BABA ALIBABA GROUP HOLDING LTD | COMPLIANT | 1.48% | AAOIFI7.6% Usmani1.1% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic1.1% MSCI Islamic M-Series0.2% FTSE Shariah0.0% |
| 9698.HK GDS HOLDINGS LTD | NON_COMPLIANT | 1.46% | AAOIFI100.6% Usmani70.7% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic59.4% MSCI Islamic M-Seriesfail FTSE Shariah59.4% |
| INTR INTER & CO. INC | NON_COMPLIANT | 1.27% | AAOIFI4.3% Usmani0.2% Dow Jones Islamic1.3% S&P Shariah1.4% MSCI Islamic0.2% MSCI Islamic M-Series1.4% FTSE Shariah0.2% |
| PDD PDD HOLDINGS INC | NON_COMPLIANT | 1.23% | AAOIFI0.7% Usmani0.9% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.9% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| 1066.HK SHANDONG WEIGAO GROUP MEDICAL POLYMER CO LTD | NON_COMPLIANT | 1.13% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 0700.HK TENCENT HOLDINGS LTD | COMPLIANT | 1.05% | AAOIFIpass Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
The published standards disagree about this fund by 25 points of portfolio weight — 50.5% of it passes AAOIFI, 25.0% 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 50.5% ratios fail on 28.5% 19.1% not rated under AAOIFI
ratios pass on 34.5% ratios fail on 41.9% 21.6% not rated under Usmani
ratios pass on 43.9% ratios fail on 30.0% 24.1% not rated under Dow Jones Islamic
ratios pass on 46.8% ratios fail on 27.1% 24.1% not rated under S&P Shariah
ratios pass on 25.0% ratios fail on 51.4% 21.6% not rated under MSCI Islamic
ratios pass on 43.9% ratios fail on 30.0% 24.1% not rated under MSCI Islamic M-Series
ratios pass on 31.8% ratios fail on 44.6% 21.6% not rated under FTSE Shariah
28 of 36 listed holdings carry our own per-methodology verdicts (79% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 13 (42% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| EMBJ3.SA EMBRAER - EMPRESA BRASILEIRA DE AERONAUTICA SA | 3.09% |
| GLEN.L GLENCORE PLC | 2.93% |
| 105560.KS KB FINANCIAL GROUP INC | 2.49% |
| BAP CREDICORP LTD | 2.21% |
| 1299.HK AIA GROUP LTD | 2.00% |
| BIDU BAIDU INC | 1.97% |
| B3SA3.SA B3 - BRASIL BOLSA BALCAO SA | 1.95% |
| ICICIBANK.NS ICICI BANK LTD | 1.78% |
| NU NU HOLDINGS LTD | 1.76% |
| 2313.HK SHENZHOU INTERNATIONAL GROUP HOLDINGS LTD | 1.72% |
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 WCM Developing World Equity ETF (WCME) 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 WCME — 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) | 32.10 | NEUTRAL |
| Stochastic %K (14) | 5.70 | BUY |
| CCI (20) | -140.45 | BUY |
| Williams %R (14) | -94.30 | BUY |
| MACD (12,26,9) | -0.15 | SELL |
| ROC (10) | -8.53 | SELL |
| Momentum (10) | -1.66 | SELL |
| EMA (10) | 18.29 | SELL |
| SMA (10) | 18.35 | SELL |
| EMA (20) | 18.61 | SELL |
| SMA (20) | 18.83 | SELL |
| EMA (30) | 18.76 | SELL |
| SMA (30) | 18.92 | SELL |
| EMA (50) | 18.86 | SELL |
| SMA (50) | 19.00 | SELL |
| EMA (100) | 18.85 | SELL |
| SMA (100) | 18.99 | SELL |
| EMA (200) | 18.50 | SELL |
| SMA (200) | 18.64 | SELL |
About First Trust WCM Developing World Equity ETF
Under normal circumstances, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of companies located in developing countries. The fund is non-diversified.
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 | BEARISH | 43 |
| 🕐 1H | BEARISH | 16 |
| ⏱ 15-Min | BEARISH | 64 |
| ⏲ 5-Min | RANGING | 194 |
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.