The filtered fund preview

Before creating a fund you see exactly what screening does to it: which stocks go, how much of the original allocation that removes, and how the filtered version has performed.

Key Takeaways

The preview is live. Changing filters updates every number on the page
Create filtered fund saves the fund but places no trades
The filter settings step decides what happens when a holding later turns non-compliant
Already-compliant funds can be bought directly instead of filtered

Reading the overview

The page opens with the fund name, its update frequency, and a Create filtered fund button. Below it, in order:

The fund overview masthead with Your filters summary and the Create filtered fund button

Your filters summarises the rules in force: doubtful stocks included or excluded, unrated stocks, and whether your blocked list applies. Edit filters opens a side sheet with two switches and a link to your blocked stocks. Press Update preview to recalculate.

The Your filters side sheet with the two switches

What filtering changes is the key panel. It shows the holding count before and after, the share of the original allocation removed, and how concentrated the top five stocks become. View removed stocks jumps to the full list with each one's reason.

The What filtering changes panel showing holdings before and after

Swipe to see all 2 screens

Then a performance chart comparing the filtered and original fund, the sector mix, the full screening details with every holding's compliance status, and fund facts such as assets under management and expense ratio.

Why do weights change?

When a holding is removed, its weight is spread across the remaining holdings in proportion. A fund that loses 30% of its allocation to banks ends up with every other stock roughly 1.4 times heavier.

Already-compliant and physical funds

For funds that already pass screening, or that hold physical assets like gold, a dialog offers Buy directly or Filter. Direct purchase holds the fund as is. Physical funds can only be bought directly.

The This fund is already Shariah compliant dialog

The filter settings step

Press Create filtered fund and one more form appears.

The Filter Settings form with the If a stock turns non-compliant radio

Buy doubtful stocks. Include companies with mixed revenue.
Buy unrated stocks. Expert mode only. Include companies with no rating yet.
If a stock turns non-compliant. Sell immediately, wait for the next report and sell if still non-compliant, or do nothing and notify. See When a holding stops being halal.
Expert mode adds Track changes to the source fund, Auto-rebalance, Reinvest on sell, and Reinvest dividends.

Press Submit. The fund now exists and its page opens. Nothing has been bought yet.

Common problems

The preview shows zero holdings. Your filters removed everything, usually because unrated stocks are excluded on a small fund. Turn on Include unrated stocks and update.

The performance chart is empty. Some mutual funds have no daily holdings history. The chart appears once the fund has been tracked for a while.