Verdicts genuinely change. Free email alert the moment ACMAX's does — no target price to set, unlike "Alert" above.
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.
Absolute Capital Defender Fund · NORTHERN LIGHTS FUND TRUST III
25 holdings
NON-COMPLIANT At least 12.75% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 84% turns out to be. Matching more holdings can only raise this share, never lower it.
7.37% 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.
25 holdings, 7 matched (16% of weight). Portfolio as of 2026-06-30, filed 2026-08-25. Source: SEC Form N-PORT.
8.32% of this portfolio’s income is non-permissible — weighted across holdings, computed over 5% of portfolio weight (3 of 25 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.
Portfolio shares are withheld: coverage is below the floor needed to state one. The holdings themselves are below, because the names are evidence you can check.
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| FIRST AMERICAN FUNDS INC | UNSCREENED | 12.99% | no in-house ratios for this holding |
| SPDR SERIES TRUST | UNSCREENED | 9.45% | no in-house ratios for this holding |
| VANGUARD INSTITUTIONAL INDEX FUNDS | UNSCREENED | 9.32% | no in-house ratios for this holding |
| ISHARES TRUST | UNSCREENED | 8.43% | no in-house ratios for this holding |
| ISHARES TRUST | UNSCREENED | 7.87% | no in-house ratios for this holding |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | NON_COMPLIANT | 5.45% | no in-house ratios for this holding |
| SELECT SECTOR SPDR TRUST (THE) | UNSCREENED | 4.87% | no in-house ratios for this holding |
| INVESCO EXCHANGE-TRADED FUND TRUST II | UNSCREENED | 4.72% | no in-house ratios for this holding |
| SPDR SERIES TRUST | UNSCREENED | 3.61% | no in-house ratios for this holding |
| GS GOLDMAN SACHS GROUP INC (THE) | NON_COMPLIANT | 3.32% | AAOIFI147.5% Usmani20.6% Dow Jones Islamic194.6% S&P Shariah229.2% MSCI Islamic20.6% MSCI Islamic M-Series229.2% FTSE Shariah20.6% |
| ISHARES INC | UNSCREENED | 3.27% | no in-house ratios for this holding |
| VANGUARD INTERNATIONAL EQUITY INDEX FUNDS | UNSCREENED | 3.14% | no in-house ratios for this holding |
| INVESCO EXCHANGE TRADED FUND TRUST | UNSCREENED | 2.79% | no in-house ratios for this holding |
| VANGUARD WORLD FUND | UNSCREENED | 2.78% | no in-house ratios for this holding |
| VANGUARD WORLD FUND | UNSCREENED | 2.52% | no in-house ratios for this holding |
| JANUS DETROIT STREET TRUST | UNSCREENED | 2.07% | no in-house ratios for this holding |
| BRK.B BERKSHIRE HATHAWAY INC | NON_COMPLIANT | 2.05% | no in-house ratios for this holding |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | NON_COMPLIANT | 1.92% | no in-house ratios for this holding |
| ISHARES TRUST | UNSCREENED | 1.80% | no in-house ratios for this holding |
| INVESCO EXCHANGE TRADED FUND TRUST | UNSCREENED | 1.73% | no in-house ratios for this holding |
| ANET ARISTA NETWORKS INC | COMPLIANT | 1.63% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| VANGUARD SCOTTSDALE FUNDS | UNSCREENED | 1.43% | no in-house ratios for this holding |
| MSFT MICROSOFT CORP | QUESTIONABLE | 1.33% | AAOIFI1.5% Usmani7.5% Dow Jones Islamic1.7% S&P Shariah1.8% MSCI Islamic7.5% MSCI Islamic M-Series1.8% FTSE Shariah5.3% |
| VANGUARD WHITEHALL FUNDS | UNSCREENED | 0.83% | no in-house ratios for this holding |
| NFLX NETFLIX INC | QUESTIONABLE | 0.78% | AAOIFI5.2% Usmani28.5% Dow Jones Islamic4.1% S&P Shariah4.7% MSCI Islamic28.5% MSCI Islamic M-Series4.7% FTSE Shariah24.5% |
All 7 published standards agree about this fund to within 0.0 points of portfolio weight.
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 2.1% ratios fail on 3.3% 94.7% not rated under AAOIFI
ratios pass on 2.1% ratios fail on 3.3% 94.7% not rated under Usmani
ratios pass on 2.1% ratios fail on 3.3% 94.7% not rated under Dow Jones Islamic
ratios pass on 2.1% ratios fail on 3.3% 94.7% not rated under S&P Shariah
ratios pass on 2.1% ratios fail on 3.3% 94.7% not rated under MSCI Islamic
ratios pass on 2.1% ratios fail on 3.3% 94.7% not rated under MSCI Islamic M-Series
ratios pass on 2.1% ratios fail on 3.3% 94.7% not rated under FTSE Shariah
4 of 25 listed holdings carry our own per-methodology verdicts (7% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 3 (5% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Absolute Capital Defender Fund (ACMAX) 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.
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 |
|---|---|---|
| FIRST AMERICAN FUNDS INCnot matched to a ticker | 12.99% | Not screened |
| SPDR SERIES TRUSTnot matched to a ticker | 9.45% | Not screened |
| VANGUARD INSTITUTIONAL INDEX FUNDSnot matched to a ticker | 9.32% | Not screened |
| ISHARES TRUSTnot matched to a ticker | 8.43% | Not screened |
| ISHARES TRUSTnot matched to a ticker | 7.87% | Not screened |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBTnot matched to a ticker | 5.45% | Non-compliant |
| SELECT SECTOR SPDR TRUST (THE)not matched to a ticker | 4.87% | Not screened |
| INVESCO EXCHANGE-TRADED FUND TRUST IInot matched to a ticker | 4.72% | Not screened |
| SPDR SERIES TRUSTnot matched to a ticker | 3.61% | Not screened |
| GSGOLDMAN SACHS GROUP INC (THE) | 3.32% | Non-compliant |
Top 10 of 25 holdings, 70.0% of the fund by weight. Every holding is screened, not only these.
The positions keeping this fund short of 100% compliant by weight.
Verdict history for ACMAX. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
Tracked since 2026-09-07.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
This fund prices once a day, so its bars carry no intraday high or low — floor-trader pivots are not defined for it.
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) | 53.10 | NEUTRAL |
| Stochastic %K (14) | 95.00 | SELL |
| CCI (20) | 90.01 | NEUTRAL |
| Williams %R (14) | -5.00 | SELL |
| MACD (12,26,9) | 0.02 | BUY |
| ROC (10) | 1.04 | BUY |
| Momentum (10) | 0.13 | BUY |
| EMA (10) | 12.63 | BUY |
| SMA (10) | 12.60 | BUY |
| EMA (20) | 12.64 | BUY |
| SMA (20) | 12.62 | BUY |
| EMA (30) | 12.65 | BUY |
| SMA (30) | 12.66 | BUY |
| EMA (50) | 12.64 | BUY |
| SMA (50) | 12.72 | SELL |
| EMA (100) | 12.54 | BUY |
| SMA (100) | 12.58 | BUY |
| EMA (200) | 12.28 | BUY |
| SMA (200) | 12.27 | BUY |
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
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.
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.