CIMDXETF / FundClarkston Founders Fund
Verdicts genuinely change. Free email alert the moment CIMDX's does — no target price to set, unlike a price alert.
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.
Clarkston Founders Fund · ALPS SERIES TRUST
28 holdings
NON-COMPLIANT 69.76% of portfolio weight is in non-compliant holdings, over the 5% threshold.
28 holdings, 26 matched (84% of weight). Portfolio as of 2026-06-30, filed 2026-08-26. Source: SEC Form N-PORT.
0.68% of this portfolio’s income is non-permissible — weighted across holdings, computed over 80% of portfolio weight (25 of 28 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.
12.9% compliant 0.0% questionable 69.8% non-compliant 16.0% unscreened
All holdings (28)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| POST Post Holdings Inc | NON_COMPLIANT | 11.03% | AAOIFI205.1% Usmani59.4% Dow Jones Islamic136.3% S&P Shariah133.6% MSCI Islamic59.4% MSCI Islamic M-Series133.6% FTSE Shariah59.4% |
| Clarivate Plc | UNSCREENED | 10.65% | no in-house ratios for this holding |
| MGR Affiliated Managers Group Inc | NON_COMPLIANT | 5.87% | AAOIFI33.2% Usmani31.9% Dow Jones Islamic526.5% S&P Shariah509.8% MSCI Islamic31.9% MSCI Islamic M-Series509.8% FTSE Shariah31.9% |
| Avantor Inc | UNSCREENED | 5.33% | no in-house ratios for this holding |
| CCC Ccc Intelligent Solutions Holdings Inc | NON_COMPLIANT | 4.94% | AAOIFI34.2% Usmani37.6% Dow Jones Islamic24.8% S&P Shariah22.4% MSCI Islamic37.6% MSCI Islamic M-Series22.4% FTSE Shariah36.0% |
| LKQ Lkq Corp | NON_COMPLIANT | 3.84% | AAOIFI26.9% Usmani9.2% Dow Jones Islamic17.1% S&P Shariah15.3% MSCI Islamic9.2% MSCI Islamic M-Series15.3% FTSE Shariah0.0% |
| IQV Iqvia Holdings Inc | NON_COMPLIANT | 3.59% | AAOIFI36.7% Usmani55.2% Dow Jones Islamic47.8% S&P Shariah44.8% MSCI Islamic54.4% MSCI Islamic M-Series44.8% FTSE Shariah53.4% |
| RYAN Ryan Specialty Holdings Inc | NON_COMPLIANT | 3.56% | AAOIFI36.4% Usmani31.8% Dow Jones Islamic63.0% S&P Shariah65.1% MSCI Islamic31.8% MSCI Islamic M-Series65.1% FTSE Shariah30.4% |
| WAY Waystar Holding Corp | NON_COMPLIANT | 3.56% | AAOIFI36.9% Usmani25.2% Dow Jones Islamic26.1% S&P Shariah— MSCI Islamic25.2% MSCI Islamic M-Series— FTSE Shariah25.0% |
| MIDD Middleby Corp/the | NON_COMPLIANT | 3.46% | AAOIFI40.7% Usmani37.3% Dow Jones Islamic27.5% S&P Shariah27.5% MSCI Islamic37.3% MSCI Islamic M-Series27.5% FTSE Shariah36.9% |
| ROP Roper Technologies Inc | COMPLIANT | 3.43% | AAOIFI28.1% Usmani32.2% Dow Jones Islamic22.5% S&P Shariah21.7% MSCI Islamic32.2% MSCI Islamic M-Series21.7% FTSE Shariah32.2% |
| UMG.AS Universal Music Group Nv | COMPLIANT | 3.12% | AAOIFI13.5% Usmani22.7% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic19.5% MSCI Islamic M-Seriespass FTSE Shariah19.5% |
| GFL Gfl Environmental Inc | NON_COMPLIANT | 3.12% | AAOIFI27.6% Usmani38.5% Dow Jones Islamic29.0% S&P Shariah31.0% MSCI Islamic38.5% MSCI Islamic M-Series31.0% FTSE Shariah38.5% |
| NVST Envista Holdings Corp | NON_COMPLIANT | 2.93% | AAOIFI36.2% Usmani28.4% Dow Jones Islamic43.9% S&P Shariah43.7% MSCI Islamic28.4% MSCI Islamic M-Series43.7% FTSE Shariah25.7% |
| ABNB Airbnb Inc | NON_COMPLIANT | 2.88% | AAOIFI2.3% Usmani8.7% Dow Jones Islamic3.1% S&P Shariah3.1% MSCI Islamic8.7% MSCI Islamic M-Series3.1% FTSE Shariah8.6% |
| BDX Becton Dickinson & Co | NON_COMPLIANT | 2.84% | AAOIFI33.4% Usmani33.1% Dow Jones Islamic30.8% S&P Shariah28.7% MSCI Islamic33.1% MSCI Islamic M-Series28.7% FTSE Shariah33.1% |
| FTV Fortive Corp | COMPLIANT | 2.80% | AAOIFI20.9% Usmani31.0% Dow Jones Islamic17.1% S&P Shariah15.8% MSCI Islamic31.0% MSCI Islamic M-Series15.8% FTSE Shariah30.1% |
| HSIC Henry Schein Inc | NON_COMPLIANT | 2.78% | AAOIFI36.7% Usmani32.3% Dow Jones Islamic41.6% S&P Shariah41.0% MSCI Islamic32.3% MSCI Islamic M-Series41.0% FTSE Shariah29.2% |
| LW Lamb Weston Holdings Inc | NON_COMPLIANT | 2.76% | AAOIFI59.0% Usmani54.9% Dow Jones Islamic53.9% S&P Shariah44.6% MSCI Islamic54.8% MSCI Islamic M-Series44.6% FTSE Shariah53.2% |
| PRMB Primo Brands Corp | NON_COMPLIANT | 2.27% | AAOIFI71.5% Usmani53.6% Dow Jones Islamic62.0% S&P Shariah69.6% MSCI Islamic53.6% MSCI Islamic M-Series69.6% FTSE Shariah48.5% |
| LPLA Lpl Financial Holdings Inc | NON_COMPLIANT | 2.23% | AAOIFI27.1% Usmani37.7% Dow Jones Islamic28.8% S&P Shariah32.0% MSCI Islamic37.7% MSCI Islamic M-Series32.0% FTSE Shariah37.7% |
| BRO Brown & Brown Inc | NON_COMPLIANT | 2.05% | AAOIFI33.8% Usmani27.0% Dow Jones Islamic29.0% S&P Shariah30.8% MSCI Islamic27.0% MSCI Islamic M-Series30.8% FTSE Shariah26.0% |
| IT Gartner Inc | COMPLIANT | 1.98% | AAOIFI28.3% Usmani46.3% Dow Jones Islamic13.9% S&P Shariah12.2% MSCI Islamic46.3% MSCI Islamic M-Series12.2% FTSE Shariah41.4% |
| FIS Fidelity National Information Services Inc | NON_COMPLIANT | 1.98% | AAOIFI78.8% Usmani38.6% Dow Jones Islamic50.4% S&P Shariah49.4% MSCI Islamic38.6% MSCI Islamic M-Series49.4% FTSE Shariah38.4% |
| VEEV Veeva Systems Inc | NON_COMPLIANT | 1.77% | AAOIFI0.4% Usmani1.7% Dow Jones Islamic0.4% S&P Shariah0.4% MSCI Islamic1.7% MSCI Islamic M-Series0.4% FTSE Shariah0.0% |
| IFF International Flavors & Fragrances Inc | NON_COMPLIANT | 1.65% | AAOIFI26.5% Usmani23.0% Dow Jones Islamic29.7% S&P Shariah29.3% MSCI Islamic23.0% MSCI Islamic M-Series29.3% FTSE Shariah22.7% |
| TYL Tyler Technologies Inc | COMPLIANT | 1.62% | AAOIFI9.8% Usmani25.0% Dow Jones Islamic7.0% S&P Shariah7.2% MSCI Islamic25.0% MSCI Islamic M-Series7.2% FTSE Shariah24.2% |
| SCHW Charles Schwab Corp/the | NON_COMPLIANT | 0.64% | AAOIFI14.6% Usmani5.3% Dow Jones Islamic18.7% S&P Shariah22.0% MSCI Islamic5.3% MSCI Islamic M-Series22.0% FTSE Shariah5.3% |
The published standards disagree about this fund by 15 points of portfolio weight — 36.5% of it passes MSCI Islamic, 21.6% passes AAOIFI. 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 21.6% ratios fail on 61.2% 16.0% not rated under AAOIFI
ratios pass on 27.8% ratios fail on 44.8% 26.1% not rated under Usmani
ratios pass on 34.8% ratios fail on 44.3% 19.5% not rated under Dow Jones Islamic
ratios pass on 34.8% ratios fail on 44.3% 19.5% not rated under S&P Shariah
ratios pass on 36.5% ratios fail on 42.0% 20.2% not rated under MSCI Islamic
ratios pass on 34.8% ratios fail on 44.3% 19.5% not rated under MSCI Islamic M-Series
ratios pass on 36.5% ratios fail on 42.0% 20.2% not rated under FTSE Shariah
26 of 28 listed holdings carry our own per-methodology verdicts (83% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none.
| Non-compliant holding | Weight |
|---|---|
| POST Post Holdings Inc | 11.03% |
| MGR Affiliated Managers Group Inc | 5.87% |
| CCC Ccc Intelligent Solutions Holdings Inc | 4.94% |
| LKQ Lkq Corp | 3.84% |
| IQV Iqvia Holdings Inc | 3.59% |
| RYAN Ryan Specialty Holdings Inc | 3.56% |
| WAY Waystar Holding Corp | 3.56% |
| MIDD Middleby Corp/the | 3.46% |
| GFL Gfl Environmental Inc | 3.12% |
| NVST Envista Holdings Corp | 2.93% |
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Clarkston Founders Fund (CIMDX) 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.
Screened on its holdings, not its name
HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A holding it cannot cover far enough is reported as unrated rather than counted as a pass.
| Holding | Weight | Verdict |
|---|---|---|
| POSTPost Holdings Inc | 11.03% | Non-compliant |
| Clarivate Plcnot matched to a ticker | 10.65% | Not screened |
| MGRAffiliated Managers Group Inc | 5.87% | Non-compliant |
| Avantor Incnot matched to a ticker | 5.33% | Not screened |
| CCCCcc Intelligent Solutions Holdings Inc | 4.94% | Non-compliant |
| LKQLkq Corp | 3.84% | Non-compliant |
| IQVIqvia Holdings Inc | 3.59% | Non-compliant |
| RYANRyan Specialty Holdings Inc | 3.56% | Non-compliant |
| WAYWaystar Holding Corp | 3.56% | Non-compliant |
| MIDDMiddleby Corp/the | 3.46% | Non-compliant |
Top 10 of 28 holdings, 55.8% of the fund by weight. Every holding is screened, not only these.
What holds the number back
The positions keeping this fund short of 100% compliant by weight.
- POSTnon-compliant11.03%
- Clarivate Plcnot screened10.65%
- MGRnon-compliant5.87%
- Avantor Incnot screened5.33%
- CCCnon-compliant4.94%
- LKQnon-compliant3.84%
What changed, and when
Verdict history for CIMDX. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
- 2026-09-07 No change recorded No verdict change for CIMDX has been recorded since tracking began. The scan ledger records that the compliance detectors ran, not which symbols each pass covered.
ℹ️ no compliance scan has run for 2 days - this is not a reading of today
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This fund prices once a day, so its bars carry no intraday high or low — floor-trader pivots are not defined for it.
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) | 69.70 | NEUTRAL |
| Stochastic %K (14) | 94.12 | SELL |
| CCI (20) | 112.12 | SELL |
| Williams %R (14) | -5.88 | SELL |
| MACD (12,26,9) | 0.07 | BUY |
| ROC (10) | 5.15 | BUY |
| Momentum (10) | 0.93 | BUY |
| EMA (10) | 18.67 | BUY |
| SMA (10) | 18.59 | BUY |
| EMA (20) | 18.31 | BUY |
| SMA (20) | 18.29 | BUY |
| EMA (30) | 18.08 | BUY |
| SMA (30) | 17.77 | BUY |
| EMA (50) | 17.80 | BUY |
| SMA (50) | 17.59 | BUY |
| EMA (100) | 17.41 | BUY |
| SMA (100) | 17.36 | BUY |
| EMA (200) | 16.95 | BUY |
| SMA (200) | 16.73 | BUY |
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.
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.
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.