Verdicts genuinely change. Free email alert the moment XTL'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.
State Street(R) SPDR(R) S&P(R) Telecom ETF ETF · SPDR SERIES TRUST
43 holdings · as of 2026-06-30 (3.5 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.
This fund holds short positions, so exposure is counted gross — long and short both count as exposure rather than netting off, and the weights below therefore sum to 103% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT 33.50% of portfolio weight is in non-compliant holdings, over the 5% threshold.
43 holdings, 33 matched (81% of weight). Portfolio as of 2026-06-30, filed 2026-08-28. Source: SEC Form N-PORT.
1.30% of this portfolio’s income is non-permissible — weighted across holdings, computed over 65% of portfolio weight (27 of 43 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.
47.8% compliant 1.0% questionable 32.5% non-compliant 18.7% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| VSAT Viasat Inc | NON_COMPLIANT | 4.41% | AAOIFI66.2% Usmani45.8% Dow Jones Islamic158.7% S&P Shariah186.6% MSCI Islamic45.8% MSCI Islamic M-Series186.6% FTSE Shariah42.6% |
| IRDM Iridium Communications Inc | NON_COMPLIANT | 3.64% | AAOIFI35.2% Usmani68.6% Dow Jones Islamic56.3% S&P Shariah52.1% MSCI Islamic68.6% MSCI Islamic M-Series52.1% FTSE Shariah68.6% |
| EXTR Extreme Networks Inc | COMPLIANT | 3.42% | AAOIFI6.9% Usmani16.5% Dow Jones Islamic8.0% S&P Shariah8.5% MSCI Islamic16.5% MSCI Islamic M-Series8.5% FTSE Shariah13.9% |
| CIEN Ciena Corp | COMPLIANT | 3.41% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| ANET Arista Networks Inc | COMPLIANT | 3.38% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| FFIV F5 Inc | COMPLIANT | 3.22% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| Vistance Networks Inc | UNSCREENED | 3.20% | no in-house ratios for this holding |
| Anterix Inc | UNSCREENED | 3.19% | no in-house ratios for this holding |
| CMCSA Comcast Corp | NON_COMPLIANT | 3.10% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| VIAV Viavi Solutions Inc | COMPLIANT | 3.08% | AAOIFI11.3% Usmani41.5% Dow Jones Islamic24.0% S&P Shariah29.9% MSCI Islamic41.5% MSCI Islamic M-Series29.9% FTSE Shariah40.0% |
| AST SpaceMobile Inc | UNSCREENED | 3.08% | no in-house ratios for this holding |
| GSAT Globalstar Inc | COMPLIANT | 3.06% | AAOIFI3.9% Usmani17.1% Dow Jones Islamic7.3% S&P Shariah8.8% MSCI Islamic17.1% MSCI Islamic M-Series8.8% FTSE Shariah14.7% |
| MSI Motorola Solutions Inc | COMPLIANT | 3.05% | AAOIFI12.4% Usmani50.0% Dow Jones Islamic13.4% S&P Shariah14.5% MSCI Islamic50.0% MSCI Islamic M-Series14.5% FTSE Shariah46.9% |
| LITE Lumentum Holdings Inc | COMPLIANT | 3.04% | AAOIFI1.9% Usmani22.9% Dow Jones Islamic6.7% S&P Shariah9.4% MSCI Islamic22.9% MSCI Islamic M-Series9.4% FTSE Shariah22.4% |
| State Street Global Advisors | UNSCREENED | 3.00% | no in-house ratios for this holding |
| CSCO Cisco Systems Inc | COMPLIANT | 2.99% | AAOIFI5.7% Usmani18.9% Dow Jones Islamic8.4% S&P Shariah9.5% MSCI Islamic18.9% MSCI Islamic M-Series9.5% FTSE Shariah17.6% |
| UNIT Uniti Group Inc | NON_COMPLIANT | 2.99% | AAOIFI446.3% Usmani85.5% Dow Jones Islamic541.0% S&P Shariah566.1% MSCI Islamic85.5% MSCI Islamic M-Series566.1% FTSE Shariah82.0% |
| NTCT NetScout Systems Inc | COMPLIANT | 2.94% | AAOIFI1.5% Usmani1.7% Dow Jones Islamic2.0% S&P Shariah2.2% MSCI Islamic1.7% MSCI Islamic M-Series2.2% FTSE Shariah0.0% |
| CALX Calix Inc | COMPLIANT | 2.92% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| UI Ubiquiti Inc | COMPLIANT | 2.90% | AAOIFI0.2% Usmani7.3% Dow Jones Islamic0.3% S&P Shariah0.3% MSCI Islamic3.6% MSCI Islamic M-Series0.3% FTSE Shariah3.6% |
| LUMN Lumen Technologies Inc | NON_COMPLIANT | 2.81% | AAOIFI193.3% Usmani43.8% Dow Jones Islamic204.7% S&P Shariah270.5% MSCI Islamic43.8% MSCI Islamic M-Series270.5% FTSE Shariah42.9% |
| Telephone and Data Systems Inc | UNSCREENED | 2.80% | no in-house ratios for this holding |
| TMUS T-Mobile US Inc | NON_COMPLIANT | 2.73% | AAOIFI18.0% Usmani17.5% Dow Jones Islamic14.6% S&P Shariah15.9% MSCI Islamic16.5% MSCI Islamic M-Series15.9% FTSE Shariah2.9% |
| VZ Verizon Communications Inc | NON_COMPLIANT | 2.73% | AAOIFI98.4% Usmani45.9% Dow Jones Islamic109.0% S&P Shariah116.8% MSCI Islamic45.9% MSCI Islamic M-Series116.8% FTSE Shariah40.3% |
| T AT&T Inc | NON_COMPLIANT | 2.70% | AAOIFI92.9% Usmani38.0% Dow Jones Islamic94.4% S&P Shariah107.8% MSCI Islamic38.0% MSCI Islamic M-Series107.8% FTSE Shariah33.6% |
| ONDS Ondas Inc | NON_COMPLIANT | 2.68% | AAOIFI0.8% Usmani1.2% Dow Jones Islamic1.9% S&P Shariah2.8% MSCI Islamic1.2% MSCI Islamic M-Series2.8% FTSE Shariah0.1% |
| AAOI Applied Optoelectronics Inc | COMPLIANT | 2.56% | AAOIFI1.5% Usmani6.0% Dow Jones Islamic3.5% S&P Shariah5.0% MSCI Islamic6.0% MSCI Islamic M-Series5.0% FTSE Shariah2.6% |
| DGII Digi International Inc | COMPLIANT | 2.51% | AAOIFI4.4% Usmani12.3% Dow Jones Islamic7.5% S&P Shariah8.7% MSCI Islamic12.3% MSCI Islamic M-Series8.7% FTSE Shariah11.2% |
| ADTN ADTRAN Holdings Inc | COMPLIANT | 2.51% | AAOIFI31.4% Usmani16.9% Dow Jones Islamic25.0% S&P Shariah28.6% MSCI Islamic16.9% MSCI Islamic M-Series28.6% FTSE Shariah16.9% |
| LBTYA Liberty Global Ltd | NON_COMPLIANT | 2.02% | AAOIFI252.0% Usmani42.6% Dow Jones Islamic238.9% S&P Shariah255.7% MSCI Islamic42.4% MSCI Islamic M-Series255.7% FTSE Shariah38.6% |
| HLIT Harmonic Inc | COMPLIANT | 2.00% | AAOIFI10.1% Usmani20.6% Dow Jones Islamic10.4% S&P Shariah10.2% MSCI Islamic20.6% MSCI Islamic M-Series10.2% FTSE Shariah17.5% |
| Cogent Communications Holdings Inc | UNSCREENED | 1.78% | no in-house ratios for this holding |
| Liberty Capital Corp | UNSCREENED | 1.61% | no in-house ratios for this holding |
| BAND Bandwidth Inc | COMPLIANT | 1.60% | AAOIFI18.2% Usmani37.9% Dow Jones Islamic47.3% S&P Shariah53.5% MSCI Islamic37.9% MSCI Islamic M-Series53.5% FTSE Shariah15.1% |
| NTGR NETGEAR Inc | NON_COMPLIANT | 1.42% | AAOIFI8.0% Usmani5.8% Dow Jones Islamic6.4% S&P Shariah7.5% MSCI Islamic5.8% MSCI Islamic M-Series7.5% FTSE Shariah0.0% |
| IDT IDT Corp | QUESTIONABLE | 1.04% | AAOIFI0.1% Usmani0.2% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.2% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| LILA Liberty Latin America Ltd | NON_COMPLIANT | 0.83% | AAOIFI566.4% Usmani76.7% Dow Jones Islamic869.2% S&P Shariah870.7% MSCI Islamic76.7% MSCI Islamic M-Series870.7% FTSE Shariah72.5% |
| AD Array Digital Infrastructure Inc | NON_COMPLIANT | 0.74% | AAOIFI36.0% Usmani35.5% Dow Jones Islamic69.0% S&P Shariah79.1% MSCI Islamic35.5% MSCI Islamic M-Series79.1% FTSE Shariah20.0% |
| GOGO Gogo Inc | NON_COMPLIANT | 0.71% | AAOIFI228.8% Usmani70.8% Dow Jones Islamic91.5% S&P Shariah83.4% MSCI Islamic70.8% MSCI Islamic M-Series83.4% FTSE Shariah65.6% |
| CLFD Clearfield Inc | COMPLIANT | 0.62% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| Shenandoah Telecommunications Co | UNSCREENED | 0.53% | no in-house ratios for this holding |
| State Street Global Advisors | UNSCREENED | 0.07% | no in-house ratios for this holding |
| State Street Global Advisors | UNSCREENED | 0.02% | no in-house ratios for this holding |
The published standards disagree about this fund by 19 points of portfolio weight — 36.3% of it passes S&P Shariah, 17.2% 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 34.0% ratios fail on 30.2% 38.9% not rated under AAOIFI
ratios pass on 22.7% ratios fail on 41.5% 38.9% not rated under Usmani
ratios pass on 34.9% ratios fail on 29.3% 38.9% not rated under Dow Jones Islamic
ratios pass on 36.3% ratios fail on 27.8% 38.9% not rated under S&P Shariah
ratios pass on 17.2% ratios fail on 46.9% 38.9% not rated under MSCI Islamic
ratios pass on 34.9% ratios fail on 29.3% 38.9% not rated under MSCI Islamic M-Series
ratios pass on 24.3% ratios fail on 39.9% 38.9% not rated under FTSE Shariah
33 of 43 listed holdings carry our own per-methodology verdicts (84% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 27 (67% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| VSAT Viasat Inc | 4.41% |
| IRDM Iridium Communications Inc | 3.64% |
| CMCSA Comcast Corp | 3.10% |
| UNIT Uniti Group Inc | 2.99% |
| LUMN Lumen Technologies Inc | 2.81% |
| TMUS T-Mobile US Inc | 2.73% |
| VZ Verizon Communications Inc | 2.73% |
| T AT&T Inc | 2.70% |
| ONDS Ondas Inc | 2.68% |
| LBTYA Liberty Global Ltd | 2.02% |
Methodology breakdown computing — it will appear here on its own.
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
State Street(R) SPDR(R) S&P(R) Telecom ETF (XTL) 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.
Computing the full ratio and business-activity breakdown for XTL — 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.
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.
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.
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 30.80 | NEUTRAL |
| Stochastic %K (14) | 3.27 | BUY |
| CCI (20) | -242.63 | BUY |
| Williams %R (14) | -96.73 | BUY |
| MACD (12,26,9) | -1.13 | SELL |
| ROC (10) | -5.27 | SELL |
| Momentum (10) | -10.69 | SELL |
| EMA (10) | 203.58 | SELL |
| SMA (10) | 206.46 | SELL |
| EMA (20) | 205.50 | SELL |
| SMA (20) | 205.88 | SELL |
| EMA (30) | 206.64 | SELL |
| SMA (30) | 206.37 | SELL |
| EMA (50) | 208.42 | SELL |
| SMA (50) | 209.46 | SELL |
| EMA (100) | 208.45 | SELL |
| SMA (100) | 215.10 | SELL |
| EMA (200) | 195.07 | SELL |
| SMA (200) | 201.79 | SELL |
In seeking to track the performance of the S&P Telecom Select Industry Index (the "index"), the fund employs a sampling strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the telecommunications segment of the S&P Total Market Index ("S&P TMI").
Background via Yahoo Finance — informational, not part of the verdict.
Average — needs more confirmation before sizing up
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 | 42 |
| ⏰ 4H | NEUTRAL | 17 |
| 🕐 1H | BEARISH | 71 |
| ⏱ 15-Min | BEARISH | 130 |
| ⏲ 5-Min | BEARISH | 234 |
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.
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.
The questions worth asking about any verdict on this page, answered plainly.
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.
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.
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.
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.
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 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
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 2026-10-06 · Asset managers net 906615 (+2612)
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.