EQTYETF / FundKOVITZ CORE EQUITY ETF
Verdicts genuinely change. Free email alert the moment EQTY'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.
KOVITZ CORE EQUITY ETF · Valued Advisers Trust
40 holdings
NON-COMPLIANT 34.27% of portfolio weight is in non-compliant holdings, over the 5% threshold.
40 holdings, 39 matched (98% of weight). Portfolio as of 2026-07-31, filed 2026-09-25. Source: SEC Form N-PORT.
0.79% of this portfolio’s income is non-permissible — weighted across holdings, computed over 93% of portfolio weight (37 of 40 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.
47.1% compliant 15.7% questionable 34.3% non-compliant 2.2% unscreened
All holdings (40)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| SCHW CHARLES SCHWAB CORP (THE) | NON_COMPLIANT | 4.91% | AAOIFI14.6% Usmani5.3% Dow Jones Islamic18.7% S&P Shariah22.0% MSCI Islamic5.3% MSCI Islamic M-Series22.0% FTSE Shariah5.3% |
| MSFT MICROSOFT CORP | QUESTIONABLE | 4.61% | AAOIFI1.5% Usmani7.5% Dow Jones Islamic1.7% S&P Shariah1.8% MSCI Islamic7.5% MSCI Islamic M-Series1.8% FTSE Shariah5.3% |
| V VISA INC | COMPLIANT | 4.57% | AAOIFI3.5% Usmani25.2% Dow Jones Islamic15.5% S&P Shariah16.7% MSCI Islamic25.2% MSCI Islamic M-Series16.7% FTSE Shariah25.2% |
| AON AON PLC | NON_COMPLIANT | 4.33% | AAOIFI22.9% Usmani29.4% Dow Jones Islamic20.7% S&P Shariah21.9% MSCI Islamic29.4% MSCI Islamic M-Series21.9% FTSE Shariah28.1% |
| ICE INTERCONTINENTAL EXCHANGE INC | NON_COMPLIANT | 4.22% | AAOIFI23.2% Usmani11.8% Dow Jones Islamic22.5% S&P Shariah24.2% MSCI Islamic11.8% MSCI Islamic M-Series24.2% FTSE Shariah11.4% |
| GOOG ALPHABET INC | QUESTIONABLE | 4.19% | AAOIFI2.9% Usmani13.1% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic12.8% MSCI Islamic M-Series4.5% FTSE Shariah10.9% |
| PM PHILIP MORRIS INTERNATIONAL INC | NON_COMPLIANT | 4.07% | AAOIFI16.1% Usmani66.9% Dow Jones Islamic18.9% S&P Shariah22.1% MSCI Islamic66.9% MSCI Islamic M-Series22.1% FTSE Shariah66.9% |
| WAT WATERS CORP | COMPLIANT | 3.73% | AAOIFI10.7% Usmani20.1% Dow Jones Islamic18.0% S&P Shariah19.9% MSCI Islamic20.1% MSCI Islamic M-Series19.9% FTSE Shariah18.6% |
| ADI ANALOG DEVICES INC | COMPLIANT | 3.69% | AAOIFI4.6% Usmani16.8% Dow Jones Islamic6.1% S&P Shariah6.8% MSCI Islamic16.8% MSCI Islamic M-Series6.8% FTSE Shariah16.8% |
| CARR CARRIER GLOBAL CORP | COMPLIANT | 3.61% | AAOIFI24.6% Usmani32.2% Dow Jones Islamic21.6% S&P Shariah22.4% MSCI Islamic32.2% MSCI Islamic M-Series22.4% FTSE Shariah30.7% |
| AMZN AMAZON.COM INC | QUESTIONABLE | 3.42% | AAOIFI8.2% Usmani22.1% Dow Jones Islamic9.6% S&P Shariah10.6% MSCI Islamic20.9% MSCI Islamic M-Series10.6% FTSE Shariah12.1% |
| DHR DANAHER CORP | COMPLIANT | 3.22% | AAOIFI18.2% Usmani28.8% Dow Jones Islamic17.7% S&P Shariah16.7% MSCI Islamic28.8% MSCI Islamic M-Series16.7% FTSE Shariah28.8% |
| MSI MOTOROLA SOLUTIONS INC | COMPLIANT | 3.13% | AAOIFI12.4% Usmani50.0% Dow Jones Islamic13.4% S&P Shariah14.5% MSCI Islamic50.0% MSCI Islamic M-Series14.5% FTSE Shariah46.9% |
| SUNB SUNBELT RENTALS HOLDINGS INC | NON_COMPLIANT | 3.07% | AAOIFI38.5% Usmani49.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic48.4% MSCI Islamic M-Seriesfail FTSE Shariah36.2% |
| J JACOBS SOLUTIONS INC | COMPLIANT | 3.05% | AAOIFI23.7% Usmani34.5% Dow Jones Islamic24.8% S&P Shariah24.5% MSCI Islamic34.5% MSCI Islamic M-Series24.5% FTSE Shariah30.5% |
| ALC ALCON AG | COMPLIANT | 2.98% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| SPGI S&P GLOBAL INC | COMPLIANT | 2.89% | AAOIFI10.6% Usmani22.9% Dow Jones Islamic9.4% S&P Shariah9.8% MSCI Islamic22.9% MSCI Islamic M-Series9.8% FTSE Shariah21.9% |
| META META PLATFORMS INC | QUESTIONABLE | 2.49% | AAOIFI7.2% Usmani25.0% Dow Jones Islamic7.0% S&P Shariah7.9% MSCI Islamic25.0% MSCI Islamic M-Series7.9% FTSE Shariah18.6% |
| PCAR PACCAR INC | NON_COMPLIANT | 2.39% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| CRM SALESFORCE INC | COMPLIANT | 2.34% | AAOIFI20.9% Usmani38.1% Dow Jones Islamic18.3% S&P Shariah17.8% MSCI Islamic38.1% MSCI Islamic M-Series17.8% FTSE Shariah35.8% |
| KEYS KEYSIGHT TECHNOLOGIES INC | COMPLIANT | 2.20% | AAOIFI4.8% Usmani23.0% Dow Jones Islamic7.5% S&P Shariah8.4% MSCI Islamic23.0% MSCI Islamic M-Series8.4% FTSE Shariah21.1% |
| N/A | UNSCREENED | 2.19% | no in-house ratios for this holding |
| BDX BECTON DICKINSON & COMPANY | NON_COMPLIANT | 2.14% | AAOIFI33.4% Usmani33.1% Dow Jones Islamic30.8% S&P Shariah28.7% MSCI Islamic33.1% MSCI Islamic M-Series28.7% FTSE Shariah33.1% |
| EOG EOG RESOURCES INC | COMPLIANT | 2.06% | AAOIFI10.8% Usmani15.1% Dow Jones Islamic12.6% S&P Shariah12.5% MSCI Islamic15.1% MSCI Islamic M-Series12.5% FTSE Shariah14.5% |
| AMAT APPLIED MATERIALS INC | COMPLIANT | 2.03% | AAOIFI1.9% Usmani16.6% Dow Jones Islamic3.4% S&P Shariah3.7% MSCI Islamic16.6% MSCI Islamic M-Series3.7% FTSE Shariah14.8% |
| COO COOPER COMPANIES INC (THE) | COMPLIANT | 2.01% | AAOIFI23.0% Usmani20.1% Dow Jones Islamic16.7% S&P Shariah15.5% MSCI Islamic20.1% MSCI Islamic M-Series15.5% FTSE Shariah20.1% |
| FND FLOOR & DECOR HOLDINGS INC | NON_COMPLIANT | 1.90% | AAOIFI35.8% Usmani34.9% Dow Jones Islamic26.1% S&P Shariah22.3% MSCI Islamic34.9% MSCI Islamic M-Series22.3% FTSE Shariah3.4% |
| LOW LOWE'S COMPANIES INC | NON_COMPLIANT | 1.83% | AAOIFI35.6% Usmani71.7% Dow Jones Islamic30.1% S&P Shariah31.0% MSCI Islamic71.7% MSCI Islamic M-Series31.0% FTSE Shariah63.7% |
| ANET ARISTA NETWORKS INC | COMPLIANT | 1.78% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| AAPL APPLE INC | COMPLIANT | 1.59% | AAOIFI2.1% Usmani21.5% Dow Jones Islamic2.2% S&P Shariah2.4% MSCI Islamic21.5% MSCI Islamic M-Series2.4% FTSE Shariah21.5% |
| BRK.B BERKSHIRE HATHAWAY INC | NON_COMPLIANT | 1.56% | no in-house ratios for this holding |
| AMD ADVANCED MICRO DEVICES INC | COMPLIANT | 1.40% | AAOIFI0.5% Usmani5.1% Dow Jones Islamic1.2% S&P Shariah1.3% MSCI Islamic5.1% MSCI Islamic M-Series1.3% FTSE Shariah3.8% |
| RYAN RYAN SPECIALTY HOLDINGS INC | NON_COMPLIANT | 1.27% | AAOIFI36.4% Usmani31.8% Dow Jones Islamic63.0% S&P Shariah65.1% MSCI Islamic31.8% MSCI Islamic M-Series65.1% FTSE Shariah30.4% |
| KMX CARMAX INC | NON_COMPLIANT | 1.14% | AAOIFI239.8% Usmani69.4% Dow Jones Islamic208.9% S&P Shariah186.3% MSCI Islamic68.7% MSCI Islamic M-Series186.3% FTSE Shariah66.8% |
| HAYW HAYWARD HOLDINGS INC | NON_COMPLIANT | 1.13% | AAOIFI30.0% Usmani32.9% Dow Jones Islamic31.7% S&P Shariah32.6% MSCI Islamic32.8% MSCI Islamic M-Series32.6% FTSE Shariah30.9% |
| GOOG ALPHABET INC | QUESTIONABLE | 0.88% | AAOIFI2.9% Usmani13.1% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic12.8% MSCI Islamic M-Series4.5% FTSE Shariah10.9% |
| UMG.AS UNIVERSAL MUSIC GROUP NV | COMPLIANT | 0.80% | AAOIFI13.5% Usmani22.7% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic19.5% MSCI Islamic M-Seriespass FTSE Shariah19.5% |
| AJG ARTHUR J. GALLAGHER & COMPANY | NON_COMPLIANT | 0.19% | AAOIFI21.0% Usmani17.2% Dow Jones Islamic20.7% S&P Shariah22.4% MSCI Islamic17.2% MSCI Islamic M-Series22.4% FTSE Shariah16.6% |
| BX BLACKSTONE INC | NON_COMPLIANT | 0.11% | AAOIFI9.1% Usmani27.2% Dow Jones Islamic13.3% S&P Shariah14.0% MSCI Islamic27.2% MSCI Islamic M-Series14.0% FTSE Shariah27.2% |
| VRSK VERISK ANALYTICS INC | QUESTIONABLE | 0.08% | AAOIFI18.2% Usmani101.0% Dow Jones Islamic13.7% S&P Shariah13.5% MSCI Islamic100.6% MSCI Islamic M-Series13.5% FTSE Shariah97.3% |
The published standards disagree about this fund by 22 points of portfolio weight — 71.2% of it passes Dow Jones Islamic, 48.9% 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 65.3% ratios fail on 24.8% 9.1% not rated under AAOIFI
ratios pass on 53.8% ratios fail on 29.0% 16.5% not rated under Usmani
ratios pass on 71.2% ratios fail on 18.9% 9.1% not rated under Dow Jones Islamic
ratios pass on 71.2% ratios fail on 18.9% 9.1% not rated under S&P Shariah
ratios pass on 48.9% ratios fail on 28.8% 21.4% not rated under MSCI Islamic
ratios pass on 71.2% ratios fail on 18.9% 9.1% not rated under MSCI Islamic M-Series
ratios pass on 61.0% ratios fail on 21.9% 16.4% not rated under FTSE Shariah
37 of 40 listed holdings carry our own per-methodology verdicts (95% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 36 (92% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| SCHW CHARLES SCHWAB CORP (THE) | 4.91% |
| AON AON PLC | 4.33% |
| ICE INTERCONTINENTAL EXCHANGE INC | 4.22% |
| PM PHILIP MORRIS INTERNATIONAL INC | 4.07% |
| SUNB SUNBELT RENTALS HOLDINGS INC | 3.07% |
| PCAR PACCAR INC | 2.39% |
| BDX BECTON DICKINSON & COMPANY | 2.14% |
| FND FLOOR & DECOR HOLDINGS INC | 1.90% |
| LOW LOWE'S COMPANIES INC | 1.83% |
| BRK.B BERKSHIRE HATHAWAY INC | 1.56% |
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.
KOVITZ CORE EQUITY ETF (EQTY) 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 EQTY — 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) | 58.30 | NEUTRAL |
| Stochastic %K (14) | 76.58 | NEUTRAL |
| CCI (20) | 102.03 | SELL |
| Williams %R (14) | -23.42 | NEUTRAL |
| MACD (12,26,9) | 0.05 | BUY |
| ROC (10) | 2.25 | BUY |
| Momentum (10) | 0.66 | BUY |
| EMA (10) | 30.02 | BUY |
| SMA (10) | 29.97 | BUY |
| EMA (20) | 29.85 | BUY |
| SMA (20) | 29.80 | BUY |
| EMA (30) | 29.73 | BUY |
| SMA (30) | 29.67 | BUY |
| EMA (50) | 29.56 | BUY |
| SMA (50) | 29.45 | BUY |
| EMA (100) | 29.16 | BUY |
| SMA (100) | 29.26 | BUY |
| EMA (200) | 28.31 | BUY |
| SMA (200) | 28.14 | BUY |
About KOVITZ CORE EQUITY ETF
The fund invests primarily in equity securities of U.S. and foreign companies. Equity securities in which the fund may invest include common stocks and common stock equivalents (such as rights or warrants, which give the fund the ability to purchase the common stock, and convertible securities, which are securities that are convertible into the common stock). The fund may invest in companies of any market capitalization, including small- and mid-capitalization companies.
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 | RANGING | 43 |
| 🕐 1H | RANGING | 28 |
| ⏱ 15-Min | BULLISH | 114 |
| ⏲ 5-Min | RANGING | 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 2026-11-03 · Asset managers net 928584 (+5135)
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.