BNDSETF / FundInfrastructure Capital Bond Income ETF
Verdicts genuinely change. Free email alert the moment BNDS'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.
Infrastructure Capital Bond Income ETF ETF · Series Portfolios Trust
88 holdings · as of 2026-08-31 (2.0 months ago)
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 101% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT At least 39.45% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 59% turns out to be. Matching more holdings can only raise this share, never lower it.
88 holdings, 37 matched (42% of weight). Portfolio as of 2026-08-31, filed 2026-10-22. Source: SEC Form N-PORT.
7.39% of this portfolio’s income is non-permissible — weighted across holdings, computed over 31% of portfolio weight (24 of 88 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.
All holdings (88)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| CC CHEMOURS CO | NON_COMPLIANT | 3.17% | AAOIFI189.6% Usmani57.6% Dow Jones Islamic171.4% S&P Shariah148.1% MSCI Islamic57.6% MSCI Islamic M-Series148.1% FTSE Shariah54.2% |
| BW REAL ESTATE INC | UNSCREENED | 3.09% | no in-house ratios for this holding |
| CHARTER COMM OPT LLC/CAP | UNSCREENED | 3.09% | no in-house ratios for this holding |
| RITM RITHM CAPITAL CORP | NON_COMPLIANT | 3.07% | AAOIFI532.0% Usmani55.3% Dow Jones Islamic565.3% S&P Shariah611.2% MSCI Islamic55.3% MSCI Islamic M-Series611.2% FTSE Shariah55.3% |
| ILFC E-CAPITAL TRUST II | UNSCREENED | 3.02% | no in-house ratios for this holding |
| VENTURE GLOBAL LNG INC | UNSCREENED | 2.95% | no in-house ratios for this holding |
| ARBOR REALTY SR INC | UNSCREENED | 2.84% | no in-house ratios for this holding |
| SUN SUNOCO LP | NON_COMPLIANT | 2.77% | AAOIFI104.9% Usmani51.6% Dow Jones Islamic133.3% S&P Shariah140.0% MSCI Islamic49.6% MSCI Islamic M-Series140.0% FTSE Shariah44.5% |
| PLAINS ALL AMERICAN PIPE | UNSCREENED | 2.53% | no in-house ratios for this holding |
| CRESCENT ENERGY FINANCE | UNSCREENED | 2.53% | no in-house ratios for this holding |
| COREWEAVE INC | UNSCREENED | 2.52% | no in-house ratios for this holding |
| NWL NEWELL BRANDS INC | NON_COMPLIANT | 2.51% | AAOIFI213.0% Usmani50.1% Dow Jones Islamic243.5% S&P Shariah226.3% MSCI Islamic50.1% MSCI Islamic M-Series226.3% FTSE Shariah45.3% |
| GENESIS ENERGY LP/FIN | UNSCREENED | 2.50% | no in-house ratios for this holding |
| VOD.L VODAFONE GROUP PLC | NON_COMPLIANT | 2.50% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SBL HOLDINGS INC | UNSCREENED | 2.43% | no in-house ratios for this holding |
| UNITI GROUP/CSL CAPITAL | UNSCREENED | 2.15% | no in-house ratios for this holding |
| PPL CAPITAL FUNDING INC | UNSCREENED | 2.13% | no in-house ratios for this holding |
| KSS KOHL'S CORPORATION | NON_COMPLIANT | 2.10% | AAOIFI183.9% Usmani44.5% Dow Jones Islamic249.6% S&P Shariah219.6% MSCI Islamic30.1% MSCI Islamic M-Series219.6% FTSE Shariah9.9% |
| TALOS PRODUCTION INC | UNSCREENED | 2.07% | no in-house ratios for this holding |
| AES AES CORP/THE | NON_COMPLIANT | 2.02% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| FMC FMC CORP | NON_COMPLIANT | 1.89% | AAOIFI271.1% Usmani48.1% Dow Jones Islamic115.5% S&P Shariah91.6% MSCI Islamic48.1% MSCI Islamic M-Series91.6% FTSE Shariah46.8% |
| QWEST CORP | UNSCREENED | 1.88% | no in-house ratios for this holding |
| CFG CITIZENS FINANCIAL GROUP | NON_COMPLIANT | 1.81% | AAOIFI92.6% Usmani11.8% Dow Jones Islamic125.5% S&P Shariah143.3% MSCI Islamic11.8% MSCI Islamic M-Series143.3% FTSE Shariah11.8% |
| GENERAL MOTORS FINL CO | UNSCREENED | 1.72% | no in-house ratios for this holding |
| QWEST CORP | UNSCREENED | 1.69% | no in-house ratios for this holding |
| RWT REDWOOD TRUST INC | NON_COMPLIANT | 1.66% | AAOIFIfail Usmani— Dow Jones Islamicfail S&P Shariah— MSCI Islamic— MSCI Islamic M-Seriesfail FTSE Shariah— |
| DBRG DIGITALBRIDGE GROUP INC | NON_COMPLIANT | 1.60% | AAOIFI9.6% Usmani7.8% Dow Jones Islamic12.4% S&P Shariah11.5% MSCI Islamic7.8% MSCI Islamic M-Series11.5% FTSE Shariah7.8% |
| FSK FS KKR CAPITAL CORP | NON_COMPLIANT | 1.56% | AAOIFI191.2% Usmani54.0% Dow Jones Islamic162.1% S&P Shariah164.5% MSCI Islamic54.0% MSCI Islamic M-Series164.5% FTSE Shariah54.0% |
| MSTR STRATEGY INC | COMPLIANT | 1.54% | AAOIFI12.5% Usmani12.9% Dow Jones Islamic7.5% S&P Shariah9.4% MSCI Islamic12.9% MSCI Islamic M-Series9.4% FTSE Shariah12.8% |
| NRG NRG ENERGY INC | NON_COMPLIANT | 1.47% | AAOIFI85.9% Usmani53.8% Dow Jones Islamic81.4% S&P Shariah98.7% MSCI Islamic53.8% MSCI Islamic M-Series98.7% FTSE Shariah53.3% |
| KSS KOHL'S CORPORATION | NON_COMPLIANT | 1.38% | AAOIFI183.9% Usmani44.5% Dow Jones Islamic249.6% S&P Shariah219.6% MSCI Islamic30.1% MSCI Islamic M-Series219.6% FTSE Shariah9.9% |
| First American Government Obli | UNSCREENED | 1.30% | no in-house ratios for this holding |
| First American Treasury Obliga | UNSCREENED | 1.30% | no in-house ratios for this holding |
| DELEK LOG PART/FINANCE | UNSCREENED | 1.25% | no in-house ratios for this holding |
| ACR ACRES COMMERCIAL REALTY | NON_COMPLIANT | 1.23% | AAOIFI933.3% Usmani74.5% Dow Jones Islamic1294.1% S&P Shariah1463.1% MSCI Islamic74.5% MSCI Islamic M-Series1463.1% FTSE Shariah74.5% |
| LAND O'LAKES INC | UNSCREENED | 1.23% | no in-house ratios for this holding |
| PARA PARAMOUNT GLOBAL | NON_COMPLIANT | 1.21% | AAOIFI1.7% Usmani0.1% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.1% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| MSTR STRATEGY INC | COMPLIANT | 1.19% | AAOIFI12.5% Usmani12.9% Dow Jones Islamic7.5% S&P Shariah9.4% MSCI Islamic12.9% MSCI Islamic M-Series9.4% FTSE Shariah12.8% |
| ALEXANDRIA REAL ESTATE E | UNSCREENED | 1.02% | no in-house ratios for this holding |
| COREWEAVE INC | UNSCREENED | 1.01% | no in-house ratios for this holding |
| LAND O'LAKES INC | UNSCREENED | 0.97% | no in-house ratios for this holding |
| DBRG DIGITALBRIDGE GROUP INC | NON_COMPLIANT | 0.94% | AAOIFI9.6% Usmani7.8% Dow Jones Islamic12.4% S&P Shariah11.5% MSCI Islamic7.8% MSCI Islamic M-Series11.5% FTSE Shariah7.8% |
| LNC LINCOLN NATIONAL CORP | NON_COMPLIANT | 0.92% | AAOIFI74.3% Usmani1.5% Dow Jones Islamic100.2% S&P Shariah113.6% MSCI Islamic1.5% MSCI Islamic M-Series113.6% FTSE Shariah1.5% |
| MBIN MERCHANTS BANCORP | NON_COMPLIANT | 0.89% | AAOIFI177.4% Usmani20.2% Dow Jones Islamic238.6% S&P Shariah245.8% MSCI Islamic20.2% MSCI Islamic M-Series245.8% FTSE Shariah20.2% |
| BRIGHTHOUSE FINANCIAL IN | UNSCREENED | 0.88% | no in-house ratios for this holding |
| BRIGHTHOUSE FINANCIAL IN | UNSCREENED | 0.81% | no in-house ratios for this holding |
| BRIGHTHOUSE FINANCIAL IN | UNSCREENED | 0.79% | no in-house ratios for this holding |
| LAND O'LAKES INC | UNSCREENED | 0.71% | no in-house ratios for this holding |
| DBRG DIGITALBRIDGE GROUP INC | NON_COMPLIANT | 0.66% | AAOIFI9.6% Usmani7.8% Dow Jones Islamic12.4% S&P Shariah11.5% MSCI Islamic7.8% MSCI Islamic M-Series11.5% FTSE Shariah7.8% |
| FLAGSTAR BANK NA | UNSCREENED | 0.66% | no in-house ratios for this holding |
| FLAGSTAR BANK NA | UNSCREENED | 0.65% | no in-house ratios for this holding |
| NAVI NAVIENT CORP | NON_COMPLIANT | 0.64% | AAOIFI4909.2% Usmani93.7% Dow Jones Islamic3945.0% S&P Shariah3430.3% MSCI Islamic93.7% MSCI Islamic M-Series3430.3% FTSE Shariah93.7% |
| DIVERSIFIED HEALTHCARE T | UNSCREENED | 0.58% | no in-house ratios for this holding |
| DISCOVERY HOLDINGS INC | UNSCREENED | 0.53% | no in-house ratios for this holding |
| iShares iBoxx USD High Yield C | UNSCREENED | 0.49% | no in-house ratios for this holding |
| ADAM ADAMAS TRUST INC | NON_COMPLIANT | 0.49% | AAOIFI76.3% Usmani5.2% Dow Jones Islamic113.6% S&P Shariah119.9% MSCI Islamic5.2% MSCI Islamic M-Series119.9% FTSE Shariah5.2% |
| GLOBAL NET LEASE INC | UNSCREENED | 0.48% | no in-house ratios for this holding |
| State Street SPDR Bloomberg Hi | UNSCREENED | 0.47% | no in-house ratios for this holding |
| FRANKLIN BSP REALTY TRST | UNSCREENED | 0.47% | no in-house ratios for this holding |
| DIVERSIFIED HEALTHCARE T | UNSCREENED | 0.47% | no in-house ratios for this holding |
| COMPASS DIVERSIF HOLDING | UNSCREENED | 0.40% | no in-house ratios for this holding |
| ET ENERGY TRANSFER LP | NON_COMPLIANT | 0.39% | AAOIFI94.8% Usmani47.4% Dow Jones Islamic120.8% S&P Shariah134.5% MSCI Islamic47.4% MSCI Islamic M-Series134.5% FTSE Shariah46.2% |
| BRIGHTHOUSE FINANCIAL IN | UNSCREENED | 0.38% | no in-house ratios for this holding |
| MFA MFA FINANCIAL INC | NON_COMPLIANT | 0.38% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| INNOVATIVE INDUSTRIAL | UNSCREENED | 0.36% | no in-house ratios for this holding |
| PEB PEBBLEBROOK HOTEL TRUST | NON_COMPLIANT | 0.34% | AAOIFI102.3% Usmani39.4% Dow Jones Islamic141.2% S&P Shariah134.2% MSCI Islamic39.4% MSCI Islamic M-Series134.2% FTSE Shariah39.4% |
| F FORD MOTOR COMPANY | NON_COMPLIANT | 0.33% | AAOIFI4.1% Usmani1.2% Dow Jones Islamic5.7% S&P Shariah5.9% MSCI Islamic0.8% MSCI Islamic M-Series5.9% FTSE Shariah0.0% |
| UNM UNUM GROUP | NON_COMPLIANT | 0.32% | AAOIFI24.7% Usmani5.9% Dow Jones Islamic29.4% S&P Shariah32.7% MSCI Islamic5.9% MSCI Islamic M-Series32.7% FTSE Shariah5.9% |
| MSTR STRATEGY INC | COMPLIANT | 0.26% | AAOIFI12.5% Usmani12.9% Dow Jones Islamic7.5% S&P Shariah9.4% MSCI Islamic12.9% MSCI Islamic M-Series9.4% FTSE Shariah12.8% |
| VLY VALLEY NATIONAL BANCORP | NON_COMPLIANT | 0.26% | AAOIFI41.6% Usmani5.0% Dow Jones Islamic57.4% S&P Shariah64.9% MSCI Islamic5.0% MSCI Islamic M-Series64.9% FTSE Shariah5.0% |
| PENNYMAC MTGE INVESTMENT | UNSCREENED | 0.25% | no in-house ratios for this holding |
| AGNC INVESTMENT CORP | UNSCREENED | 0.25% | no in-house ratios for this holding |
| TWO HARBORS INV CORP | UNSCREENED | 0.24% | no in-house ratios for this holding |
| COMPASS DIVERSIF HOLDING | UNSCREENED | 0.24% | no in-house ratios for this holding |
| CIM CHIMERA INVESTMENT CORP | NON_COMPLIANT | 0.24% | AAOIFI25.9% Usmani1.6% Dow Jones Islamic25.6% S&P Shariah26.9% MSCI Islamic1.6% MSCI Islamic M-Series26.9% FTSE Shariah1.6% |
| ANGEL OAK MORTGAGE REIT | UNSCREENED | 0.23% | no in-house ratios for this holding |
| RWT REDWOOD TRUST INC | NON_COMPLIANT | 0.22% | AAOIFIfail Usmani— Dow Jones Islamicfail S&P Shariah— MSCI Islamic— MSCI Islamic M-Seriesfail FTSE Shariah— |
| RITM RITHM CAPITAL CORP | NON_COMPLIANT | 0.22% | AAOIFI532.0% Usmani55.3% Dow Jones Islamic565.3% S&P Shariah611.2% MSCI Islamic55.3% MSCI Islamic M-Series611.2% FTSE Shariah55.3% |
| NEW MOUNTAIN FINANCE COR | UNSCREENED | 0.22% | no in-house ratios for this holding |
| TELEPHONE & DATA SYS | UNSCREENED | 0.21% | no in-house ratios for this holding |
| BRIGHTHOUSE FINANCIAL IN | UNSCREENED | 0.21% | no in-house ratios for this holding |
| BANC BANC OF CALIFORNIA INC | NON_COMPLIANT | 0.11% | AAOIFI224.2% Usmani19.2% Dow Jones Islamic267.0% S&P Shariah317.7% MSCI Islamic19.2% MSCI Islamic M-Series317.7% FTSE Shariah19.2% |
| VNO VORNADO REALTY TRUST | NON_COMPLIANT | 0.09% | AAOIFI35.1% Usmani16.7% Dow Jones Islamic37.5% S&P Shariah41.9% MSCI Islamic16.7% MSCI Islamic M-Series41.9% FTSE Shariah16.7% |
| TPG MORTGAGE INVEST TR | UNSCREENED | 0.08% | no in-house ratios for this holding |
| COMPASS DIVERSIF HOLDING | UNSCREENED | 0.08% | no in-house ratios for this holding |
| PITNEY BOWES INC | UNSCREENED | 0.06% | no in-house ratios for this holding |
| KOS KOSMOS ENERGY LTD | NON_COMPLIANT | 0.05% | AAOIFI162.1% Usmani62.3% Dow Jones Islamic221.3% S&P Shariah151.6% MSCI Islamic62.3% MSCI Islamic M-Series151.6% FTSE Shariah62.0% |
| TPG MORTGAGE INVEST TR | UNSCREENED | 0.05% | no in-house ratios for this holding |
The published standards disagree about this fund by 3 points of portfolio weight — 9.7% of it passes MSCI Islamic, 6.2% 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 6.2% ratios fail on 36.2% 58.5% not rated under AAOIFI
ratios pass on 6.2% ratios fail on 31.0% 63.7% not rated under Usmani
ratios pass on 6.2% ratios fail on 36.2% 58.5% not rated under Dow Jones Islamic
ratios pass on 6.2% ratios fail on 33.7% 61.0% not rated under S&P Shariah
ratios pass on 9.7% ratios fail on 27.5% 63.7% not rated under MSCI Islamic
ratios pass on 6.2% ratios fail on 36.2% 58.5% not rated under MSCI Islamic M-Series
ratios pass on 9.7% ratios fail on 27.5% 63.7% not rated under FTSE Shariah
30 of 88 listed holdings carry our own per-methodology verdicts (42% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 27 (36% 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.
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.
Infrastructure Capital Bond Income ETF (BNDS) 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 BNDS — 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) | 32.70 | NEUTRAL |
| Stochastic %K (14) | 29.00 | NEUTRAL |
| CCI (20) | -40.59 | NEUTRAL |
| Williams %R (14) | -71.00 | NEUTRAL |
| MACD (12,26,9) | 0.06 | BUY |
| ROC (10) | 0.20 | BUY |
| Momentum (10) | 0.09 | BUY |
| EMA (10) | 47.02 | SELL |
| SMA (10) | 46.86 | BUY |
| EMA (20) | 47.33 | SELL |
| SMA (20) | 47.29 | SELL |
| EMA (30) | 47.64 | SELL |
| SMA (30) | 47.80 | SELL |
| EMA (50) | 48.04 | SELL |
| SMA (50) | 48.43 | SELL |
| EMA (100) | 48.40 | SELL |
| SMA (100) | 48.80 | SELL |
| EMA (200) | 48.22 | SELL |
| SMA (200) | 48.58 | SELL |
About Infrastructure Capital Bond Income ETF
The fund, under normal circumstances, invests at least 80% of its net assets (plus any borrowings for investment purposes) in fixed income securities. The Adviser will construct the fund’s portfolio by investing in a range of bonds, including municipal bonds, government bonds, and corporate bonds.
Background via Yahoo Finance — informational, not part of the verdict.
No real edge — avoid
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 |
| ⏰ 4H | NEUTRAL | 17 |
| 🕐 1H | BEARISH | 69 |
| ⏱ 15-Min | BEARISH | 130 |
| ⏲ 5-Min | BEARISH | 234 |
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 2026-10-27 · Asset managers net 923449 (+22072)
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.