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.
TimesSquare Quality Mid Cap Growth ETF · 2023 ETF Series Trust
41 holdings · as of 2026-05-31 (3.6 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 18.24% of portfolio weight is in non-compliant holdings, over the 5% threshold.
41 holdings, 38 matched (96% of weight). Portfolio as of 2026-05-31, filed 2026-07-22. Source: SEC Form N-PORT.
1.46% of this portfolio’s income is non-permissible — weighted across holdings, computed over 82% of portfolio weight (33 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.
71.5% compliant 5.7% questionable 18.2% non-compliant 4.3% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| TTAN SERVICETITAN INC | COMPLIANT | 3.71% | AAOIFI2.7% Usmani8.5% Dow Jones Islamic1.7% S&P Shariahpass MSCI Islamic8.5% MSCI Islamic M-Seriespass FTSE Shariah5.8% |
| IOT SAMSARA INC | COMPLIANT | 3.66% | AAOIFI0.3% Usmani2.5% Dow Jones Islamic0.3% S&P Shariah0.3% MSCI Islamic2.5% MSCI Islamic M-Series0.3% FTSE Shariah0.0% |
| DT DYNATRACE INC | COMPLIANT | 3.63% | AAOIFI1.1% Usmani3.9% Dow Jones Islamic1.1% S&P Shariah1.1% MSCI Islamic3.9% MSCI Islamic M-Series1.1% FTSE Shariah0.0% |
| CCJ CAMECO CORP | COMPLIANT | 3.57% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| AXON AXON ENTERPRISE INC | COMPLIANT | 3.54% | AAOIFI4.4% Usmani24.5% Dow Jones Islamic4.0% S&P Shariah4.9% MSCI Islamic24.5% MSCI Islamic M-Series4.9% FTSE Shariah23.1% |
| ARGX ARGENX SE | COMPLIANT | 3.52% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| MKSI MKS INC | COMPLIANT | 3.43% | AAOIFI22.4% Usmani44.1% Dow Jones Islamic35.1% S&P Shariah39.9% MSCI Islamic44.1% MSCI Islamic M-Series39.9% FTSE Shariah44.1% |
| TTWO TAKE-TWO INTERACTIVE SOFTWARE INC | QUESTIONABLE | 3.41% | AAOIFI7.4% Usmani32.6% Dow Jones Islamic7.5% S&P Shariah8.5% MSCI Islamic32.6% MSCI Islamic M-Series8.5% FTSE Shariah27.9% |
| IBKR INTERACTIVE BROKERS GROUP INC | NON_COMPLIANT | 3.39% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| PFGC PERFORMANCE FOOD GROUP COMPANY | NON_COMPLIANT | 3.39% | AAOIFI38.5% Usmani41.3% Dow Jones Islamic41.6% S&P Shariah45.7% MSCI Islamic31.7% MSCI Islamic M-Series45.7% FTSE Shariah26.6% |
| EHC ENCOMPASS HEALTH CORP | COMPLIANT | 3.34% | AAOIFI23.9% Usmani38.1% Dow Jones Islamic26.5% S&P Shariah29.4% MSCI Islamic38.1% MSCI Islamic M-Series29.4% FTSE Shariah35.3% |
| MPWR MONOLITHIC POWER SYSTEMS INC | COMPLIANT | 3.33% | AAOIFI0.0% Usmani0.4% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.4% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| SNOW SNOWFLAKE INC | COMPLIANT | 3.28% | AAOIFI0.4% Usmani5.5% Dow Jones Islamic0.7% S&P Shariah0.8% MSCI Islamic5.5% MSCI Islamic M-Series0.8% FTSE Shariah0.0% |
| FIX COMFORT SYSTEMS USA INC | COMPLIANT | 3.25% | AAOIFI0.6% Usmani4.4% Dow Jones Islamic1.2% S&P Shariah1.5% MSCI Islamic4.4% MSCI Islamic M-Series1.5% FTSE Shariah0.6% |
| CTAS CINTAS CORP | COMPLIANT | 3.21% | AAOIFI3.4% Usmani25.8% Dow Jones Islamic3.4% S&P Shariah3.7% MSCI Islamic25.8% MSCI Islamic M-Series3.7% FTSE Shariah23.1% |
| 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% |
| KRMN KARMAN HOLDINGS INC | COMPLIANT | 3.03% | AAOIFI0.4% Usmani8.6% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic1.5% MSCI Islamic M-Seriespass FTSE Shariah0.4% |
| MTSI MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC | COMPLIANT | 3.01% | AAOIFI1.7% Usmani17.6% Dow Jones Islamic2.6% S&P Shariah3.1% MSCI Islamic16.2% MSCI Islamic M-Series3.1% FTSE Shariah15.9% |
| O'REILLY AUTOMOTIVE INC | UNSCREENED | 2.87% | no in-house ratios for this holding |
| DASH DOORDASH INC | COMPLIANT | 2.69% | AAOIFI3.6% Usmani16.9% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic16.9% MSCI Islamic M-Series4.5% FTSE Shariah13.9% |
| VEEV VEEVA SYSTEMS INC | NON_COMPLIANT | 2.53% | AAOIFI0.4% Usmani1.7% Dow Jones Islamic0.4% S&P Shariah0.4% MSCI Islamic1.7% MSCI Islamic M-Series0.4% FTSE Shariah0.0% |
| TRGP TARGA RESOURCES CORP | NON_COMPLIANT | 2.36% | AAOIFI31.5% Usmani71.4% Dow Jones Islamic46.4% S&P Shariah55.1% MSCI Islamic68.7% MSCI Islamic M-Series55.1% FTSE Shariah68.7% |
| CRS CARPENTER TECHNOLOGY CORP | COMPLIANT | 2.30% | AAOIFI3.2% Usmani19.0% Dow Jones Islamic4.9% S&P Shariah6.4% MSCI Islamic19.0% MSCI Islamic M-Series6.4% FTSE Shariah18.0% |
| VRSK VERISK ANALYTICS INC | QUESTIONABLE | 2.28% | AAOIFI18.2% Usmani101.0% Dow Jones Islamic13.7% S&P Shariah13.5% MSCI Islamic100.6% MSCI Islamic M-Series13.5% FTSE Shariah97.3% |
| NRG NRG ENERGY INC | NON_COMPLIANT | 2.20% | AAOIFI85.9% Usmani53.8% Dow Jones Islamic81.4% S&P Shariah98.7% MSCI Islamic53.8% MSCI Islamic M-Series98.7% FTSE Shariah53.3% |
| IDXX IDEXX LABORATORIES INC | COMPLIANT | 2.11% | AAOIFI1.4% Usmani16.8% Dow Jones Islamic1.3% S&P Shariah1.3% MSCI Islamic16.8% MSCI Islamic M-Series1.3% FTSE Shariah13.1% |
| VRT VERTIV HOLDINGS COMPANY | COMPLIANT | 2.09% | AAOIFI3.2% Usmani19.0% Dow Jones Islamic4.5% S&P Shariah5.7% MSCI Islamic19.0% MSCI Islamic M-Series5.7% FTSE Shariah18.5% |
| EME EMCOR GROUP INC | COMPLIANT | 2.07% | AAOIFIpass Usmani— Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| BSY BENTLEY SYSTEMS INC | COMPLIANT | 1.82% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| JHX.AX JAMES HARDIE INDUSTRIES PLC | COMPLIANT | 1.77% | AAOIFIpass Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CBRE CBRE GROUP INC | COMPLIANT | 1.54% | AAOIFI20.1% Usmani27.9% Dow Jones Islamic19.6% S&P Shariah22.3% MSCI Islamic27.2% MSCI Islamic M-Series22.3% FTSE Shariah19.0% |
| ROST ROSS STORES INC | COMPLIANT | 1.40% | AAOIFI6.4% Usmani29.7% Dow Jones Islamic8.5% S&P Shariah9.2% MSCI Islamic29.7% MSCI Islamic M-Series9.2% FTSE Shariah6.4% |
| INSMED INC | UNSCREENED | 1.32% | no in-house ratios for this holding |
| CASY CASEY'S GENERAL STORES INC | NON_COMPLIANT | 1.21% | AAOIFI13.4% Usmani31.8% Dow Jones Islamic13.9% S&P Shariah16.3% MSCI Islamic31.8% MSCI Islamic M-Series16.3% FTSE Shariah26.6% |
| AME AMETEK INC | COMPLIANT | 1.15% | AAOIFI4.2% Usmani13.9% Dow Jones Islamic5.1% S&P Shariah5.4% MSCI Islamic13.9% MSCI Islamic M-Series5.4% FTSE Shariah12.3% |
| FROG JFROG LTD | COMPLIANT | 1.07% | AAOIFI0.1% Usmani1.0% Dow Jones Islamic0.3% S&P Shariah0.3% MSCI Islamic1.0% MSCI Islamic M-Series0.3% FTSE Shariah0.0% |
| RGEN REPLIGEN CORP | COMPLIANT | 1.00% | AAOIFI7.3% Usmani23.4% Dow Jones Islamic8.8% S&P Shariah8.4% MSCI Islamic23.4% MSCI Islamic M-Series8.4% FTSE Shariah18.7% |
| CW CURTISS-WRIGHT CORP | COMPLIANT | 1.00% | AAOIFI5.4% Usmani21.1% Dow Jones Islamic6.0% S&P Shariah7.2% MSCI Islamic21.1% MSCI Islamic M-Series7.2% FTSE Shariah17.5% |
| LSCC LATTICE SEMICONDUCTOR CORP | COMPLIANT | 0.98% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| ALAB ASTERA LABS INC | COMPLIANT | 0.98% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| DREYFUS GOVERNMENT CASH MANAGEMENT FUNDS | UNSCREENED | 0.10% | no in-house ratios for this holding |
The published standards disagree about this fund by 28 points of portfolio weight — 67.5% of it passes AAOIFI, 39.9% 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 67.5% ratios fail on 17.0% 15.2% not rated under AAOIFI
ratios pass on 53.5% ratios fail on 28.9% 17.3% not rated under Usmani
ratios pass on 62.3% ratios fail on 22.2% 15.2% not rated under Dow Jones Islamic
ratios pass on 62.3% ratios fail on 22.2% 15.2% not rated under S&P Shariah
ratios pass on 39.9% ratios fail on 41.2% 18.6% not rated under MSCI Islamic
ratios pass on 62.3% ratios fail on 22.2% 15.2% not rated under MSCI Islamic M-Series
ratios pass on 53.5% ratios fail on 27.6% 18.6% not rated under FTSE Shariah
38 of 41 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, 31 (81% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
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.
TSCM (TSCM) 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 TSCM — 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) | 32.70 | NEUTRAL |
| Stochastic %K (14) | 9.20 | BUY |
| CCI (20) | -117.45 | BUY |
| Williams %R (14) | -90.80 | BUY |
| MACD (12,26,9) | -0.14 | SELL |
| ROC (10) | -4.48 | SELL |
| Momentum (10) | -0.89 | SELL |
| EMA (10) | 19.35 | SELL |
| SMA (10) | 19.44 | SELL |
| EMA (20) | 19.76 | SELL |
| SMA (20) | 19.93 | SELL |
| EMA (30) | 19.97 | SELL |
| SMA (30) | 20.31 | SELL |
| EMA (50) | 20.13 | SELL |
| SMA (50) | 20.35 | SELL |
| EMA (100) | 20.04 | SELL |
| SMA (100) | 20.20 | SELL |
| EMA (200) | 19.62 | SELL |
The fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing primarily in a diversified portfolio of equity securities of mid-capitalization companies that exhibit attributes of a quality growth company.
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 | 43 |
| ⏲ 5-Min | BEARISH | 39 |
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.
Still fetching insider filings — it ran past this page's budget, so the page painted without waiting. The fetch is still running; reload in a moment and it will be here.
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 2026-09-15 · Asset managers net 904684 (-7677)
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.