SMIGETF / FundBahl & Gaynor Small/Mid Cap Income Growth ETF
Verdicts genuinely change. Free email alert the moment SMIG'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.
Bahl & Gaynor Small/Mid Cap Income Growth ETF · ETF Series Solutions
41 holdings · as of 2026-06-30 (4.5 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.
NON-COMPLIANT 40.86% of portfolio weight is in non-compliant holdings, over the 5% threshold.
0.14% 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.
41 holdings, 34 matched (83% of weight). Portfolio as of 2026-06-30, filed 2026-08-28. Source: SEC Form N-PORT.
0.44% of this portfolio’s income is non-permissible — weighted across holdings, computed over 82% of portfolio weight (31 of 41 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.
41.7% compliant 0.0% questionable 40.9% non-compliant 17.5% unscreened
All holdings (41)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| SIMO Silicon Motion Technology Corp | COMPLIANT | 6.66% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| TRGP Targa Resources Corp | NON_COMPLIANT | 4.89% | AAOIFI31.5% Usmani71.4% Dow Jones Islamic46.4% S&P Shariah55.1% MSCI Islamic68.7% MSCI Islamic M-Series55.1% FTSE Shariah68.7% |
| SNA Snap-on Inc | NON_COMPLIANT | 4.70% | AAOIFI6.5% Usmani15.0% Dow Jones Islamic7.3% S&P Shariah7.9% MSCI Islamic14.9% MSCI Islamic M-Series7.9% FTSE Shariah13.7% |
| VCTR Victory Capital Holdings Inc | NON_COMPLIANT | 4.30% | AAOIFI14.5% Usmani23.2% Dow Jones Islamic20.9% S&P Shariah24.4% MSCI Islamic23.2% MSCI Islamic M-Series24.4% FTSE Shariah23.2% |
| DTM DT Midstream Inc | COMPLIANT | 4.19% | AAOIFI25.5% Usmani33.0% Dow Jones Islamic30.1% S&P Shariah36.3% MSCI Islamic33.0% MSCI Islamic M-Series36.3% FTSE Shariah32.6% |
| HUBB Hubbell Inc | COMPLIANT | 4.01% | AAOIFI11.2% Usmani32.5% Dow Jones Islamic11.8% S&P Shariah12.7% MSCI Islamic32.5% MSCI Islamic M-Series12.7% FTSE Shariah30.6% |
| GIL.TO Gildan Activewear Inc | NON_COMPLIANT | 3.78% | AAOIFI43.5% Usmani41.2% Dow Jones Islamic35.1% S&P Shariah39.9% MSCI Islamic41.2% MSCI Islamic M-Series39.9% FTSE Shariah41.2% |
| PKG Packaging Corp of America | COMPLIANT | 3.30% | AAOIFI20.8% Usmani40.0% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic39.9% MSCI Islamic M-Series0.2% FTSE Shariah36.0% |
| NI NiSource Inc | NON_COMPLIANT | 3.30% | AAOIFI82.1% Usmani43.4% Dow Jones Islamic85.6% S&P Shariah99.5% MSCI Islamic43.4% MSCI Islamic M-Series99.5% FTSE Shariah43.4% |
| EVR Evercore Inc | NON_COMPLIANT | 3.16% | AAOIFI4.8% Usmani11.8% Dow Jones Islamic4.6% S&P Shariah5.3% MSCI Islamic11.8% MSCI Islamic M-Series5.3% FTSE Shariah0.0% |
| LNT Alliant Energy Corp | NON_COMPLIANT | 3.05% | AAOIFI62.6% Usmani45.2% Dow Jones Islamic67.4% S&P Shariah74.1% MSCI Islamic44.4% MSCI Islamic M-Series74.1% FTSE Shariah44.4% |
| First Financial Bancorp | UNSCREENED | 2.99% | no in-house ratios for this holding |
| AHR American Healthcare REIT Inc | COMPLIANT | 2.97% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| R Ryder System Inc | NON_COMPLIANT | 2.89% | AAOIFI89.3% Usmani52.5% Dow Jones Islamic114.3% S&P Shariah129.2% MSCI Islamic52.5% MSCI Islamic M-Series129.2% FTSE Shariah46.3% |
| Agree Realty Corp | UNSCREENED | 2.86% | no in-house ratios for this holding |
| TXRH Texas Roadhouse Inc | NON_COMPLIANT | 2.79% | AAOIFI10.0% Usmani29.6% Dow Jones Islamic9.4% S&P Shariah10.0% MSCI Islamic29.6% MSCI Islamic M-Series10.0% FTSE Shariah1.4% |
| Reinsurance Group of America I | UNSCREENED | 2.79% | no in-house ratios for this holding |
| US Physical Therapy Inc | UNSCREENED | 2.74% | no in-house ratios for this holding |
| Hartford Insurance Group Inc/T | UNSCREENED | 2.68% | no in-house ratios for this holding |
| RBA RB Global Inc | COMPLIANT | 2.57% | AAOIFI20.8% Usmani35.7% Dow Jones Islamic24.1% S&P Shariah26.9% MSCI Islamic35.7% MSCI Islamic M-Series26.9% FTSE Shariah23.1% |
| WSO Watsco Inc | COMPLIANT | 2.48% | AAOIFI7.1% Usmani17.8% Dow Jones Islamic5.3% S&P Shariah5.4% MSCI Islamic17.6% MSCI Islamic M-Series5.4% FTSE Shariah9.6% |
| ELS Equity LifeStyle Properties In | COMPLIANT | 2.45% | AAOIFI27.9% Usmani58.2% Dow Jones Islamic27.8% S&P Shariah28.2% MSCI Islamic58.2% MSCI Islamic M-Series28.2% FTSE Shariah58.2% |
| NTAP NetApp Inc | COMPLIANT | 2.43% | AAOIFI7.4% Usmani25.0% Dow Jones Islamic11.7% S&P Shariah13.3% MSCI Islamic25.0% MSCI Islamic M-Series13.3% FTSE Shariah22.7% |
| PAG Penske Automotive Group Inc | NON_COMPLIANT | 2.31% | AAOIFI35.2% Usmani27.1% Dow Jones Islamic46.5% S&P Shariah48.2% MSCI Islamic27.1% MSCI Islamic M-Series48.2% FTSE Shariah13.5% |
| IPAR Interparfums Inc | COMPLIANT | 2.20% | AAOIFI4.3% Usmani10.9% Dow Jones Islamic4.6% S&P Shariah4.5% MSCI Islamic10.9% MSCI Islamic M-Series4.5% FTSE Shariah9.6% |
| American Financial Group Inc/O | UNSCREENED | 2.16% | no in-house ratios for this holding |
| RPM RPM International Inc | COMPLIANT | 2.01% | AAOIFI21.9% Usmani35.3% Dow Jones Islamic20.5% S&P Shariah21.0% MSCI Islamic35.3% MSCI Islamic M-Series21.0% FTSE Shariah30.4% |
| CMS CMS Energy Corp | NON_COMPLIANT | 1.76% | AAOIFI89.2% Usmani47.2% Dow Jones Islamic90.3% S&P Shariah98.1% MSCI Islamic46.5% MSCI Islamic M-Series98.1% FTSE Shariah46.5% |
| CBOE Cboe Global Markets Inc | NON_COMPLIANT | 1.57% | AAOIFI4.9% Usmani14.9% Dow Jones Islamic6.2% S&P Shariah6.8% MSCI Islamic14.9% MSCI Islamic M-Series6.8% FTSE Shariah13.6% |
| MSM MSC Industrial Direct Co Inc | COMPLIANT | 1.42% | AAOIFI8.2% Usmani22.3% Dow Jones Islamic11.4% S&P Shariah11.5% MSCI Islamic22.3% MSCI Islamic M-Series11.5% FTSE Shariah20.3% |
| TRNO Terreno Realty Corp | COMPLIANT | 1.41% | AAOIFI13.1% Usmani16.5% Dow Jones Islamic15.2% S&P Shariah16.2% MSCI Islamic16.5% MSCI Islamic M-Series16.2% FTSE Shariah16.5% |
| Plains GP Holdings LP | UNSCREENED | 1.28% | no in-house ratios for this holding |
| ATO Atmos Energy Corp | NON_COMPLIANT | 1.16% | AAOIFI36.8% Usmani32.5% Dow Jones Islamic39.5% S&P Shariah44.7% MSCI Islamic32.5% MSCI Islamic M-Series44.7% FTSE Shariah32.5% |
| DKS Dick's Sporting Goods Inc | NON_COMPLIANT | 1.06% | AAOIFI48.9% Usmani33.2% Dow Jones Islamic33.0% S&P Shariah35.5% MSCI Islamic33.2% MSCI Islamic M-Series35.5% FTSE Shariah0.0% |
| DOX Amdocs Ltd | COMPLIANT | 1.03% | AAOIFI12.6% Usmani12.4% Dow Jones Islamic9.2% S&P Shariah8.9% MSCI Islamic12.4% MSCI Islamic M-Series8.9% FTSE Shariah10.1% |
| ALLE Allegion plc | COMPLIANT | 0.98% | AAOIFI17.0% Usmani41.5% Dow Jones Islamic17.5% S&P Shariah18.7% MSCI Islamic41.5% MSCI Islamic M-Series18.7% FTSE Shariah37.9% |
| AVY Avery Dennison Corp | COMPLIANT | 0.90% | AAOIFI27.4% Usmani39.9% Dow Jones Islamic27.3% S&P Shariah25.7% MSCI Islamic39.9% MSCI Islamic M-Series25.7% FTSE Shariah39.9% |
| BR Broadridge Financial Solutions | COMPLIANT | 0.67% | AAOIFI17.8% Usmani39.3% Dow Jones Islamic14.8% S&P Shariah15.1% MSCI Islamic39.3% MSCI Islamic M-Series15.1% FTSE Shariah36.4% |
| TREASURY BILL | NON_COMPLIANT | 0.09% | no in-house ratios for this holding |
| TREASURY BILL | NON_COMPLIANT | 0.03% | no in-house ratios for this holding |
| TREASURY BILL | NON_COMPLIANT | 0.02% | no in-house ratios for this holding |
The published standards disagree about this fund by 21 points of portfolio weight — 51.0% of it passes AAOIFI, 30.2% passes Usmani. 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 51.0% ratios fail on 27.4% 21.6% not rated under AAOIFI
ratios pass on 30.2% ratios fail on 43.9% 25.9% not rated under Usmani
ratios pass on 51.0% ratios fail on 27.4% 21.6% not rated under Dow Jones Islamic
ratios pass on 46.8% ratios fail on 31.6% 21.6% not rated under S&P Shariah
ratios pass on 38.7% ratios fail on 38.1% 23.2% not rated under MSCI Islamic
ratios pass on 46.8% ratios fail on 31.6% 21.6% not rated under MSCI Islamic M-Series
ratios pass on 45.7% ratios fail on 31.1% 23.2% not rated under FTSE Shariah
31 of 41 listed holdings carry our own per-methodology verdicts (82% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 30 (76% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| TRGP Targa Resources Corp | 4.89% |
| SNA Snap-on Inc | 4.70% |
| VCTR Victory Capital Holdings Inc | 4.30% |
| GIL.TO Gildan Activewear Inc | 3.78% |
| NI NiSource Inc | 3.30% |
| EVR Evercore Inc | 3.16% |
| LNT Alliant Energy Corp | 3.05% |
| R Ryder System Inc | 2.89% |
| TXRH Texas Roadhouse Inc | 2.79% |
| PAG Penske Automotive Group Inc | 2.31% |
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.
Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) 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 SMIG — 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) | 59.20 | NEUTRAL |
| Stochastic %K (14) | 78.09 | NEUTRAL |
| CCI (20) | 84.62 | NEUTRAL |
| Williams %R (14) | -21.91 | NEUTRAL |
| MACD (12,26,9) | 0.06 | BUY |
| ROC (10) | 1.30 | BUY |
| Momentum (10) | 0.42 | BUY |
| EMA (10) | 32.39 | BUY |
| SMA (10) | 32.38 | BUY |
| EMA (20) | 32.16 | BUY |
| SMA (20) | 32.08 | BUY |
| EMA (30) | 32.04 | BUY |
| SMA (30) | 31.84 | BUY |
| EMA (50) | 31.98 | BUY |
| SMA (50) | 31.69 | BUY |
| EMA (100) | 31.87 | BUY |
| SMA (100) | 32.30 | BUY |
| EMA (200) | 31.09 | BUY |
| SMA (200) | 31.45 | BUY |
About Bahl & Gaynor Small/Mid Cap Income Growth ETF
The fund is an actively managed exchange-traded fund (“ETF”) that invests in U.S.-listed equity securities of small- and mid-capitalization companies. Under normal circumstances, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in small- and mid-capitalization companies. The equity securities held by the fund must be listed on a U.S. exchange and may include common stocks of U.S. companies, American Depositary Receipts (“ADRs”), and real estate investment trusts (“REITs”).
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 | RANGING | 34 |
| 🕐 1H | RANGING | 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 2026-11-03 · 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.