ASMFETF / FundVirtus AlphaSimplex Managed Futures ETF
Verdicts genuinely change. Free email alert the moment ASMF'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.
Virtus AlphaSimplex Managed Futures ETF ETF · Virtus ETF Trust II
36 holdings · as of 2026-07-31 (2.8 months ago)
NON-COMPLIANT 81.46% of portfolio weight is in non-compliant holdings, over the 5% threshold.
81.29% 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.
36 holdings, 19 matched (97% of weight). Portfolio as of 2026-07-31, filed 2026-09-29. Source: SEC Form N-PORT.
80.57% of this portfolio’s income is non-permissible — weighted across holdings, computed over 0% of portfolio weight (2 of 36 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.
0.0% compliant 0.0% questionable 81.5% non-compliant 2.6% unscreened
All holdings (36)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | NON_COMPLIANT | 7.40% | no in-house ratios for this holding |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | NON_COMPLIANT | 7.39% | no in-house ratios for this holding |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | NON_COMPLIANT | 6.70% | no in-house ratios for this holding |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | NON_COMPLIANT | 5.38% | no in-house ratios for this holding |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | NON_COMPLIANT | 5.38% | no in-house ratios for this holding |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | NON_COMPLIANT | 5.05% | no in-house ratios for this holding |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | NON_COMPLIANT | 5.02% | no in-house ratios for this holding |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | NON_COMPLIANT | 5.02% | no in-house ratios for this holding |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | NON_COMPLIANT | 4.70% | no in-house ratios for this holding |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | NON_COMPLIANT | 4.69% | no in-house ratios for this holding |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | NON_COMPLIANT | 4.37% | no in-house ratios for this holding |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | NON_COMPLIANT | 4.36% | no in-house ratios for this holding |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | NON_COMPLIANT | 4.36% | no in-house ratios for this holding |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | NON_COMPLIANT | 4.02% | no in-house ratios for this holding |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | NON_COMPLIANT | 3.69% | no in-house ratios for this holding |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | NON_COMPLIANT | 3.36% | no in-house ratios for this holding |
| CHICAGO MERCANTILE EXCHANGE | UNSCREENED | 0.47% | no in-house ratios for this holding |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | NON_COMPLIANT | 0.41% | no in-house ratios for this holding |
| NEW YORK MERCANTILE EXCHANGE | UNSCREENED | 0.36% | no in-house ratios for this holding |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | UNSCREENED | 0.36% | no in-house ratios for this holding |
| ICE FUTURES EUROPE | UNSCREENED | 0.35% | no in-house ratios for this holding |
| ICE FUTURES U.S. | UNSCREENED | 0.27% | no in-house ratios for this holding |
| CME CME Group Inc. | NON_COMPLIANT | 0.13% | AAOIFI0.4% Usmani0.2% Dow Jones Islamic2.3% S&P Shariah2.5% MSCI Islamic0.2% MSCI Islamic M-Series2.5% FTSE Shariah0.0% |
| EUREX Clearing Aktiengesellschaft | UNSCREENED | 0.13% | no in-house ratios for this holding |
| EUREX Clearing Aktiengesellschaft | UNSCREENED | 0.13% | no in-house ratios for this holding |
| Osaka Exchange,Inc | UNSCREENED | 0.11% | no in-house ratios for this holding |
| ICE FUTURES EUROPE | UNSCREENED | 0.10% | no in-house ratios for this holding |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | UNSCREENED | 0.10% | no in-house ratios for this holding |
| CHICAGO MERCANTILE EXCHANGE | UNSCREENED | 0.08% | no in-house ratios for this holding |
| CHICAGO MERCANTILE EXCHANGE | UNSCREENED | 0.07% | no in-house ratios for this holding |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | UNSCREENED | 0.06% | no in-house ratios for this holding |
| CME CME Group Inc. | NON_COMPLIANT | 0.03% | AAOIFI0.4% Usmani0.2% Dow Jones Islamic2.3% S&P Shariah2.5% MSCI Islamic0.2% MSCI Islamic M-Series2.5% FTSE Shariah0.0% |
| CHICAGO MERCANTILE EXCHANGE | UNSCREENED | 0.02% | no in-house ratios for this holding |
| ASX 24 | UNSCREENED | 0.01% | no in-house ratios for this holding |
| CHICAGO MERCANTILE EXCHANGE | UNSCREENED | 0.01% | no in-house ratios for this holding |
| CHICAGO MERCANTILE EXCHANGE | UNSCREENED | 0.01% | no in-house ratios for this holding |
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 0.0% ratios fail on 0.2% 83.9% not rated under AAOIFI
ratios pass on 0.0% ratios fail on 0.2% 83.9% not rated under Usmani
ratios pass on 0.0% ratios fail on 0.2% 83.9% not rated under Dow Jones Islamic
ratios pass on 0.0% ratios fail on 0.2% 83.9% not rated under S&P Shariah
ratios pass on 0.0% ratios fail on 0.2% 83.9% not rated under MSCI Islamic
ratios pass on 0.0% ratios fail on 0.2% 83.9% not rated under MSCI Islamic M-Series
ratios pass on 0.0% ratios fail on 0.2% 83.9% not rated under FTSE Shariah
1 of 36 listed holdings carry our own per-methodology verdicts (0% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none.
| Non-compliant holding | Weight |
|---|---|
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 7.40% |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 7.39% |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 6.70% |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 5.38% |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 5.38% |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 5.05% |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 5.02% |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 5.02% |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 4.70% |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 4.69% |
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.
Virtus AlphaSimplex Managed Futures ETF (ASMF) 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 ASMF — 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) | 41.30 | NEUTRAL |
| Stochastic %K (14) | 16.27 | BUY |
| CCI (20) | -162.95 | BUY |
| Williams %R (14) | -83.73 | BUY |
| MACD (12,26,9) | -0.14 | SELL |
| ROC (10) | -3.13 | SELL |
| Momentum (10) | -0.86 | SELL |
| EMA (10) | 27.05 | SELL |
| SMA (10) | 27.15 | SELL |
| EMA (20) | 27.14 | SELL |
| SMA (20) | 27.35 | SELL |
| EMA (30) | 27.08 | SELL |
| SMA (30) | 27.24 | SELL |
| EMA (50) | 26.88 | SELL |
| SMA (50) | 26.82 | SELL |
| EMA (100) | 26.47 | BUY |
| SMA (100) | 26.31 | BUY |
| EMA (200) | 25.83 | BUY |
| SMA (200) | 25.96 | BUY |
About Virtus AlphaSimplex Managed Futures ETF
Under normal market conditions, AlphaSimplex typically will make extensive use of a variety of derivative instruments, including futures and forward contracts, to capture the exposures suggested by its strategy. These market exposures, which are expected to change over time, primarily include exposures to the returns of U.S. and non-U.S. equity and fixed-income securities and securities indices, currencies, and commodities.
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 | BEARISH | 43 |
| ⏱ 15-Min | BEARISH | 31 |
| ⏲ 5-Min | BEARISH | 95 |
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 2026-10-20 · Asset managers net 901377 (-14458)
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.