Verdicts genuinely change. Free email alert the moment ACSIX'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.
Arena Strategic Income Fund · INVESTMENT MANAGERS SERIES TRUST II
134 holdings
This fund holds short positions, so exposure is counted gross — long and short both count as exposure rather than netting off, and the weights below therefore sum to 103% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT At least 26.33% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 76% turns out to be. Matching more holdings can only raise this share, never lower it.
0.30% 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.
134 holdings, 33 matched (26% of weight). Portfolio as of 2026-07-31, filed 2026-09-28. Source: SEC Form N-PORT.
0.57% of this portfolio’s income is non-permissible — weighted across holdings, computed over 23% of portfolio weight (27 of 134 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 |
|---|---|---|---|
| Fidelity Treasury Portfolio | UNSCREENED | 6.42% | no in-house ratios for this holding |
| ICAHN ENTERPRISES/FIN | UNSCREENED | 2.58% | no in-house ratios for this holding |
| WINDSTREAM SERVICES/ESCR | UNSCREENED | 2.15% | no in-house ratios for this holding |
| CITGO PETROLEUM CORP | UNSCREENED | 2.09% | no in-house ratios for this holding |
| PBF HOLDING CO LLC | UNSCREENED | 2.08% | no in-house ratios for this holding |
| VSXY VICTORIA'S SECRET & CO | NON_COMPLIANT | 2.03% | AAOIFI41.5% Usmani56.2% Dow Jones Islamic88.0% S&P Shariah105.9% MSCI Islamic56.2% MSCI Islamic M-Series105.9% FTSE Shariah18.9% |
| CONSENSUS CLOUD SOLUTION | UNSCREENED | 1.98% | no in-house ratios for this holding |
| PCG PG&E CORP | NON_COMPLIANT | 1.94% | AAOIFI201.1% Usmani43.7% Dow Jones Islamic141.7% S&P Shariah142.1% MSCI Islamic43.7% MSCI Islamic M-Series142.1% FTSE Shariah43.3% |
| UNITED RENTALS NORTH AM | UNSCREENED | 1.83% | no in-house ratios for this holding |
| LIKEWIZE CORP | UNSCREENED | 1.81% | no in-house ratios for this holding |
| RADIOLOGY PARTNERS INC | UNSCREENED | 1.77% | no in-house ratios for this holding |
| ENVIVA | UNSCREENED | 1.73% | no in-house ratios for this holding |
| RAND PARENT LLC | UNSCREENED | 1.71% | no in-house ratios for this holding |
| ALLWYN ENTERTAINMENT FIN | UNSCREENED | 1.70% | no in-house ratios for this holding |
| KEHE DIST/FIN / NEXTWAVE | UNSCREENED | 1.68% | no in-house ratios for this holding |
| ECHO ECHOSTAR CORP | NON_COMPLIANT | 1.48% | AAOIFI65.9% Usmani44.9% Dow Jones Islamic95.2% S&P Shariah127.3% MSCI Islamic44.6% MSCI Islamic M-Series127.3% FTSE Shariah44.2% |
| VATE INNOVATE CORP | NON_COMPLIANT | 1.48% | AAOIFI685.2% Usmani68.8% Dow Jones Islamic732.2% S&P Shariah785.9% MSCI Islamic68.8% MSCI Islamic M-Series785.9% FTSE Shariah62.2% |
| ASURION LLC | UNSCREENED | 1.42% | no in-house ratios for this holding |
| LIGHT & WONDER INTL INC | UNSCREENED | 1.34% | no in-house ratios for this holding |
| 1011778 BC ULC | UNSCREENED | 1.29% | no in-house ratios for this holding |
| AMC GLOBAL MEDIA INC | UNSCREENED | 1.29% | no in-house ratios for this holding |
| AMC AMC ENTERTAINMENT HLDGS | NON_COMPLIANT | 1.26% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| NRG NRG ENERGY INC | NON_COMPLIANT | 1.24% | AAOIFI85.9% Usmani53.8% Dow Jones Islamic81.4% S&P Shariah98.7% MSCI Islamic53.8% MSCI Islamic M-Series98.7% FTSE Shariah53.3% |
| XHR LP | UNSCREENED | 1.23% | no in-house ratios for this holding |
| NATL NCR ATLEOS LLC | NON_COMPLIANT | 1.21% | AAOIFI87.4% Usmani51.8% Dow Jones Islamic111.7% S&P Shariah127.3% MSCI Islamic51.8% MSCI Islamic M-Series127.3% FTSE Shariah49.3% |
| GRAB GRAB HOLDINGS LTD | NON_COMPLIANT | 1.19% | AAOIFI14.7% Usmani17.1% Dow Jones Islamic11.1% S&P Shariah12.2% MSCI Islamic17.1% MSCI Islamic M-Series12.2% FTSE Shariah17.1% |
| DIRECTV FIN LLC/COINC | UNSCREENED | 1.16% | no in-house ratios for this holding |
| LASERSHIP INC | UNSCREENED | 1.11% | no in-house ratios for this holding |
| VSAT VIASAT INC | NON_COMPLIANT | 1.09% | AAOIFI66.2% Usmani45.8% Dow Jones Islamic158.7% S&P Shariah186.6% MSCI Islamic45.8% MSCI Islamic M-Series186.6% FTSE Shariah42.6% |
| SPECTRUM BRANDS INC | UNSCREENED | 1.09% | no in-house ratios for this holding |
| AP CORE HOLDINGS II LLC | UNSCREENED | 1.09% | no in-house ratios for this holding |
| HLF FIN SARL LLC/HERBALI | UNSCREENED | 1.09% | no in-house ratios for this holding |
| EURO FORWARD CONTRACT 08/12/26 / | UNSCREENED | 1.08% | no in-house ratios for this holding |
| KRONOS INTERNATIONAL INC | UNSCREENED | 1.04% | no in-house ratios for this holding |
| XYZ BLOCK INC | NON_COMPLIANT | 1.04% | AAOIFI12.2% Usmani15.3% Dow Jones Islamic14.3% S&P Shariah14.7% MSCI Islamic15.3% MSCI Islamic M-Series14.7% FTSE Shariah14.6% |
| EURO FORWARD CONTRACT 08/31/26 / | UNSCREENED | 1.01% | no in-house ratios for this holding |
| NUMERICABLE US LLC | UNSCREENED | 1.00% | no in-house ratios for this holding |
| ORCL ORACLE CORP | NON_COMPLIANT | 0.98% | AAOIFI34.1% Usmani64.0% Dow Jones Islamic30.7% S&P Shariah35.2% MSCI Islamic61.0% MSCI Islamic M-Series35.2% FTSE Shariah49.5% |
| EYECARE PARTNERS LLC | UNSCREENED | 0.94% | no in-house ratios for this holding |
| DISCOVERY HOLDINGS INC | UNSCREENED | 0.92% | no in-house ratios for this holding |
| ALTG ALTA EQUIPMENT GROUP | NON_COMPLIANT | 0.90% | AAOIFI304.2% Usmani47.6% Dow Jones Islamic292.0% S&P Shariah244.5% MSCI Islamic45.8% MSCI Islamic M-Series244.5% FTSE Shariah37.6% |
| DIRECTV FINANCING LLC | UNSCREENED | 0.89% | no in-house ratios for this holding |
| BELO CORP | UNSCREENED | 0.87% | no in-house ratios for this holding |
| RECOVERY SOLUTIONS / | UNSCREENED | 0.86% | no in-house ratios for this holding |
| CHINOS INTERMEDIATE 2 LL | UNSCREENED | 0.85% | no in-house ratios for this holding |
| K HOVNANIAN ENTERPRISES | UNSCREENED | 0.85% | no in-house ratios for this holding |
| CVI CVR ENERGY INC | NON_COMPLIANT | 0.84% | AAOIFI37.3% Usmani42.4% Dow Jones Islamic64.0% S&P Shariah62.3% MSCI Islamic42.4% MSCI Islamic M-Series62.3% FTSE Shariah42.0% |
| EURO FORWARD CONTRACT 11/03/26 / | UNSCREENED | 0.84% | no in-house ratios for this holding |
| HUGHES SATELLITE SYSTEMS | UNSCREENED | 0.84% | no in-house ratios for this holding |
| EUR SPOT FORWARD CONTRACT / | UNSCREENED | 0.84% | no in-house ratios for this holding |
| TENNECO INC | UNSCREENED | 0.83% | no in-house ratios for this holding |
| SOTHEBY'S | UNSCREENED | 0.83% | no in-house ratios for this holding |
| AMS.SW AMS-OSRAM AG | NON_COMPLIANT | 0.83% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CARS.COM INC | UNSCREENED | 0.83% | no in-house ratios for this holding |
| DELIVERY HERO FINCO LLC | UNSCREENED | 0.82% | no in-house ratios for this holding |
| ALRM ALARM.COM HLDGS INC | COMPLIANT | 0.82% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| COOPER-STANDARD AUTOMOTI | UNSCREENED | 0.79% | no in-house ratios for this holding |
| HAT HOLDINGS I LLC/HAT | UNSCREENED | 0.77% | no in-house ratios for this holding |
| FUSION PARENT LLC CLASS A / | UNSCREENED | 0.75% | no in-house ratios for this holding |
| IRM IRON MOUNTAIN INC | NON_COMPLIANT | 0.73% | AAOIFI57.3% Usmani93.4% Dow Jones Islamic66.1% S&P Shariah73.7% MSCI Islamic90.9% MSCI Islamic M-Series73.7% FTSE Shariah79.0% |
| VSAT VIASAT INC | NON_COMPLIANT | 0.72% | AAOIFI66.2% Usmani45.8% Dow Jones Islamic158.7% S&P Shariah186.6% MSCI Islamic45.8% MSCI Islamic M-Series186.6% FTSE Shariah42.6% |
| SAVE DIP-TL A 1L U.S. SPIRIT AIRLINES, LLC / | UNSCREENED | 0.71% | no in-house ratios for this holding |
| RECOVERY SOLUTIONS PAREN | UNSCREENED | 0.70% | no in-house ratios for this holding |
| EVH EVOLENT HEALTH INC | NON_COMPLIANT | 0.65% | AAOIFI203.4% Usmani49.2% Dow Jones Islamic93.8% S&P Shariah55.5% MSCI Islamic49.2% MSCI Islamic M-Series55.5% FTSE Shariah49.0% |
| ALTICE FRANCE SA | UNSCREENED | 0.63% | no in-house ratios for this holding |
| HLF HERBALIFE LTD | NON_COMPLIANT | 0.63% | AAOIFI169.9% Usmani77.1% Dow Jones Islamic206.9% S&P Shariah201.9% MSCI Islamic77.1% MSCI Islamic M-Series201.9% FTSE Shariah70.5% |
| AP CORE HOLDINGS II LLC | UNSCREENED | 0.63% | no in-house ratios for this holding |
| CLOUD SOFTWARE GRP LLC | UNSCREENED | 0.61% | no in-house ratios for this holding |
| TREE LENDINGTREE INC | NON_COMPLIANT | 0.60% | AAOIFI109.6% Usmani47.8% Dow Jones Islamic67.9% S&P Shariah75.9% MSCI Islamic47.8% MSCI Islamic M-Series75.9% FTSE Shariah42.8% |
| VSAT VIASAT INC | NON_COMPLIANT | 0.57% | AAOIFI66.2% Usmani45.8% Dow Jones Islamic158.7% S&P Shariah186.6% MSCI Islamic45.8% MSCI Islamic M-Series186.6% FTSE Shariah42.6% |
| ENDO FINANCE HOLDINGS LP | UNSCREENED | 0.55% | no in-house ratios for this holding |
| RADIOLOGY PARTNERS INC | UNSCREENED | 0.55% | no in-house ratios for this holding |
| CONNECT FINCO SARL/CONNE | UNSCREENED | 0.55% | no in-house ratios for this holding |
| THC TENET HEALTHCARE CORP | NON_COMPLIANT | 0.54% | AAOIFI63.5% Usmani43.2% Dow Jones Islamic83.2% S&P Shariah95.3% MSCI Islamic43.2% MSCI Islamic M-Series95.3% FTSE Shariah43.2% |
| OREGON TOOL LUX LP | UNSCREENED | 0.52% | no in-house ratios for this holding |
| SUN SUNOCO LP | NON_COMPLIANT | 0.52% | AAOIFI104.9% Usmani51.6% Dow Jones Islamic133.3% S&P Shariah140.0% MSCI Islamic49.6% MSCI Islamic M-Series140.0% FTSE Shariah44.5% |
| 9984.T SOFTBANK GROUP CORP | NON_COMPLIANT | 0.51% | AAOIFI78.8% Usmani43.9% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic42.2% MSCI Islamic M-Seriesfail FTSE Shariah42.2% |
| SIBANYE-STILLWATER UK | UNSCREENED | 0.51% | no in-house ratios for this holding |
| SPACE EXPLORATION TECH | UNSCREENED | 0.51% | no in-house ratios for this holding |
| 9984.T SOFTBANK GROUP CORP | NON_COMPLIANT | 0.50% | AAOIFI78.8% Usmani43.9% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic42.2% MSCI Islamic M-Seriesfail FTSE Shariah42.2% |
| EURO CURRENCY / | UNSCREENED | 0.49% | no in-house ratios for this holding |
| GTN GRAY MEDIA INC | NON_COMPLIANT | 0.48% | AAOIFI1180.6% Usmani56.4% Dow Jones Islamic1327.9% S&P Shariah1203.9% MSCI Islamic56.4% MSCI Islamic M-Series1203.9% FTSE Shariah55.6% |
| ALTICE FRANCE SA | UNSCREENED | 0.47% | no in-house ratios for this holding |
| FOUR SHIFT4 PAYMENTS INC | NON_COMPLIANT | 0.47% | AAOIFI125.9% Usmani52.5% Dow Jones Islamic74.0% S&P Shariah77.0% MSCI Islamic52.5% MSCI Islamic M-Series77.0% FTSE Shariah51.9% |
| HUGHES SATELLITE SYSTEMS | UNSCREENED | 0.46% | no in-house ratios for this holding |
| SERVICE PROPERTIES TRUST | UNSCREENED | 0.44% | no in-house ratios for this holding |
| CELANESE US HOLDINGS LLC | UNSCREENED | 0.42% | no in-house ratios for this holding |
| MICHAELS COS INC/THE | UNSCREENED | 0.42% | no in-house ratios for this holding |
| 9984.T SOFTBANK GROUP CORP | NON_COMPLIANT | 0.41% | AAOIFI78.8% Usmani43.9% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic42.2% MSCI Islamic M-Seriesfail FTSE Shariah42.2% |
| ALTICE FRANCE SA | UNSCREENED | 0.41% | no in-house ratios for this holding |
| SNEX STONEX GROUP INC | NON_COMPLIANT | 0.39% | AAOIFI21.7% Usmani3.4% Dow Jones Islamic34.4% S&P Shariah42.8% MSCI Islamic3.4% MSCI Islamic M-Series42.8% FTSE Shariah3.4% |
| SPIRIT AIRLINES INC | UNSCREENED | 0.38% | no in-house ratios for this holding |
| DBD DIEBOLD NIXDORF INC | NON_COMPLIANT | 0.38% | AAOIFI48.7% Usmani29.7% Dow Jones Islamic51.4% S&P Shariah58.9% MSCI Islamic29.7% MSCI Islamic M-Series58.9% FTSE Shariah25.2% |
| Enviva Holdings LP | UNSCREENED | 0.38% | no in-house ratios for this holding |
| IHS MAURITIUS NG HOLDCO | UNSCREENED | 0.36% | no in-house ratios for this holding |
| ADIENT GLOBAL HOLDINGS | UNSCREENED | 0.35% | no in-house ratios for this holding |
| NEW WPCC PARENT LLC | UNSCREENED | 0.35% | no in-house ratios for this holding |
| JETBLUE 2020-1 CLASS B | UNSCREENED | 0.31% | no in-house ratios for this holding |
| JEFFERSON CAPITAL HOLDIN | UNSCREENED | 0.31% | no in-house ratios for this holding |
| BNY Dreyfus Treasury Securitie | NON_COMPLIANT | 0.30% | no in-house ratios for this holding |
| SMG SCOTTS MIRACLE-GRO CO | NON_COMPLIANT | 0.28% | AAOIFI71.9% Usmani79.0% Dow Jones Islamic70.4% S&P Shariah73.0% MSCI Islamic78.6% MSCI Islamic M-Series73.0% FTSE Shariah66.7% |
| DELEK LOG PART/FINANCE | UNSCREENED | 0.27% | no in-house ratios for this holding |
| CCO HLDGS LLC/CAP CORP | UNSCREENED | 0.27% | no in-house ratios for this holding |
| WELLPATH HOLDINGS PREFERRED EQUITY / | UNSCREENED | 0.26% | no in-house ratios for this holding |
| EURO FORWARD CONTRACT 09/17/26 / | UNSCREENED | 0.25% | no in-house ratios for this holding |
| SCIL IV LLC / SCIL USA H | UNSCREENED | 0.25% | no in-house ratios for this holding |
| MAUSER PACKAGING SOLUT | UNSCREENED | 0.23% | no in-house ratios for this holding |
| SAVE DIP-TL TL 1L U.S. BANK LOAN / | UNSCREENED | 0.23% | no in-house ratios for this holding |
| CALUMET SPECIALTY PROD | UNSCREENED | 0.22% | no in-house ratios for this holding |
| STILLWATER MINING CO | UNSCREENED | 0.20% | no in-house ratios for this holding |
| LASERSHIP INC | UNSCREENED | 0.18% | no in-house ratios for this holding |
| WEST TECHNOLOGY GRP LLC | UNSCREENED | 0.18% | no in-house ratios for this holding |
| DISCOVERY HOLDINGS INC | UNSCREENED | 0.17% | no in-house ratios for this holding |
| DS PARENT INC | UNSCREENED | 0.17% | no in-house ratios for this holding |
| ASURION LLC | UNSCREENED | 0.16% | no in-house ratios for this holding |
| VIKING BAKED GOODS ACQUI | UNSCREENED | 0.16% | no in-house ratios for this holding |
| FIRST BRANDS GROUP LLC | UNSCREENED | 0.13% | no in-house ratios for this holding |
| SPIRIT AIRLINES INC | UNSCREENED | 0.11% | no in-house ratios for this holding |
| SUNOCO LP/FINANCE CORP | UNSCREENED | 0.11% | no in-house ratios for this holding |
| VICTRA HLDG/VICTRA FIN | UNSCREENED | 0.11% | no in-house ratios for this holding |
| VSAT VIASAT INC | NON_COMPLIANT | 0.10% | AAOIFI66.2% Usmani45.8% Dow Jones Islamic158.7% S&P Shariah186.6% MSCI Islamic45.8% MSCI Islamic M-Series186.6% FTSE Shariah42.6% |
| Keenova Therapeutics PLC | UNSCREENED | 0.09% | no in-house ratios for this holding |
| SAVE DIP-TL TL 2L U.S. BANK LOAN / | UNSCREENED | 0.06% | no in-house ratios for this holding |
| LASERSHIP INC | UNSCREENED | 0.05% | no in-house ratios for this holding |
| WELLPATH HOLDINGS COMMON EQUITY / | UNSCREENED | 0.01% | no in-house ratios for this holding |
| SPIRIT AIRLINES INC | UNSCREENED | 0.01% | no in-house ratios for this holding |
| Par Health Inc | UNSCREENED | 0.01% | no in-house ratios for this holding |
| FIRST BRANDS GROUP LLC | UNSCREENED | 0.01% | no in-house ratios for this holding |
| FIRST BRANDS GROUP LLC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Spirit Aviation Holdings Inc | UNSCREENED | 0.00% | no in-house ratios for this holding |
| FIRST BRANDS GROUP LLC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Spirit Airlines LLC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| FG PARENT, LLC / | UNSCREENED | 0.00% | no in-house ratios for this holding |
| ENVIVA PRTNR ESCROW / | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 2 points of portfolio weight — 4.6% of it passes FTSE Shariah, 2.2% passes AAOIFI. 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 2.2% ratios fail on 21.0% 79.8% not rated under AAOIFI
ratios pass on 2.6% ratios fail on 20.7% 79.8% not rated under Usmani
ratios pass on 3.2% ratios fail on 20.1% 79.8% not rated under Dow Jones Islamic
ratios pass on 2.2% ratios fail on 21.0% 79.8% not rated under S&P Shariah
ratios pass on 2.2% ratios fail on 21.0% 79.8% not rated under MSCI Islamic
ratios pass on 2.2% ratios fail on 21.0% 79.8% not rated under MSCI Islamic M-Series
ratios pass on 4.6% ratios fail on 18.6% 79.8% not rated under FTSE Shariah
27 of 134 listed holdings carry our own per-methodology verdicts (27% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 24 (24% 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.
Arena Strategic Income Fund (ACSIX) 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 |
|---|---|---|
| Fidelity Treasury Portfolionot matched to a ticker | 6.42% | Not screened |
| ICAHN ENTERPRISES/FINnot matched to a ticker | 2.58% | Not screened |
| WINDSTREAM SERVICES/ESCRnot matched to a ticker | 2.15% | Not screened |
| CITGO PETROLEUM CORPnot matched to a ticker | 2.09% | Not screened |
| PBF HOLDING CO LLCnot matched to a ticker | 2.08% | Not screened |
| VSXYVICTORIA'S SECRET & CO | 2.03% | Non-compliant |
| CONSENSUS CLOUD SOLUTIONnot matched to a ticker | 1.98% | Not screened |
| PCGPG&E CORP | 1.94% | Non-compliant |
| UNITED RENTALS NORTH AMnot matched to a ticker | 1.83% | Not screened |
| LIKEWIZE CORPnot matched to a ticker | 1.81% | Not screened |
Top 10 of 134 holdings, 24.9% 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 ACSIX. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
Tracked since 2026-09-07.
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.