Verdicts genuinely change. Free email alert the moment DTICX'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.
Nomura Limited-Term Diversified Income Fund · Delaware Group Limited-Term Government Funds
284 holdings
NON-COMPLIANT At least 46.39% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 46% turns out to be. Matching more holdings can only raise this share, never lower it.
35.28% 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.
284 holdings, 96 matched (54% of weight). Portfolio as of 2026-06-30, filed 2026-08-24. Source: SEC Form N-PORT.
3.30% of this portfolio’s income is non-permissible — weighted across holdings, computed over 15% of portfolio weight (50 of 284 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 |
|---|---|---|---|
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | NON_COMPLIANT | 18.14% | no in-house ratios for this holding |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | NON_COMPLIANT | 8.79% | no in-house ratios for this holding |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | NON_COMPLIANT | 3.27% | no in-house ratios for this holding |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | NON_COMPLIANT | 2.09% | no in-house ratios for this holding |
| PFS FINANCING CORP | UNSCREENED | 1.68% | no in-house ratios for this holding |
| TOYOTA AUTO LOAN EXTENDED NOTE TRUST 2022-1 | UNSCREENED | 1.33% | no in-house ratios for this holding |
| ECL ECOLAB INC | COMPLIANT | 1.29% | AAOIFI17.0% Usmani44.6% Dow Jones Islamic18.1% S&P Shariah19.4% MSCI Islamic44.6% MSCI Islamic M-Series19.4% FTSE Shariah44.0% |
| HONA HONEYWELL AEROSPACE INC | COMPLIANT | 1.23% | AAOIFI32.8% Usmani83.4% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic83.4% MSCI Islamic M-Seriespass FTSE Shariah81.8% |
| CARDS II TRUST | UNSCREENED | 1.17% | no in-house ratios for this holding |
| ABT ABBOTT LABORATORIES | COMPLIANT | 1.11% | AAOIFI19.2% Usmani31.9% Dow Jones Islamic17.6% S&P Shariah18.3% MSCI Islamic31.9% MSCI Islamic M-Series18.3% FTSE Shariah30.8% |
| META META PLATFORMS INC | QUESTIONABLE | 1.02% | AAOIFI7.2% Usmani25.0% Dow Jones Islamic7.0% S&P Shariah7.9% MSCI Islamic25.0% MSCI Islamic M-Series7.9% FTSE Shariah18.6% |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | NON_COMPLIANT | 1.01% | no in-house ratios for this holding |
| HYUNDAI AUTO RECEIVABLES TRUST 2012-B | UNSCREENED | 0.97% | no in-house ratios for this holding |
| MAGNETITE LI LTD | UNSCREENED | 0.88% | no in-house ratios for this holding |
| FORD CREDIT AUTO OWNER TRUST 2024-B | UNSCREENED | 0.86% | no in-house ratios for this holding |
| TOYOTA AUTO RECEIVABLES 2024-C OWNER TRUST | UNSCREENED | 0.84% | no in-house ratios for this holding |
| KKR CLO 41 LTD | UNSCREENED | 0.84% | no in-house ratios for this holding |
| SOUND POINT CLO XXV LTD | UNSCREENED | 0.72% | no in-house ratios for this holding |
| VERIZON MASTER TRUST | UNSCREENED | 0.68% | no in-house ratios for this holding |
| FORD CREDIT AUTO OWNER TRUST 2023-REV1 | UNSCREENED | 0.67% | no in-house ratios for this holding |
| GMF FLOORPLAN OWNER REVOLVING TRUST | UNSCREENED | 0.67% | no in-house ratios for this holding |
| NISSAN MASTER OWNER TRUST RECEIVABLES SERIES 2024-B | UNSCREENED | 0.67% | no in-house ratios for this holding |
| FLATIRON CLO 31 LTD | UNSCREENED | 0.67% | no in-house ratios for this holding |
| TRESTLES CLO V LTD | UNSCREENED | 0.67% | no in-house ratios for this holding |
| TMUS T-MOBILE USA INC | NON_COMPLIANT | 0.67% | AAOIFI18.0% Usmani17.5% Dow Jones Islamic14.6% S&P Shariah15.9% MSCI Islamic16.5% MSCI Islamic M-Series15.9% FTSE Shariah2.9% |
| BAC BANK OF AMERICA CORP | NON_COMPLIANT | 0.64% | AAOIFI77.5% Usmani9.7% Dow Jones Islamic95.9% S&P Shariah105.7% MSCI Islamic9.7% MSCI Islamic M-Series105.7% FTSE Shariah9.7% |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST 2025-1 | UNSCREENED | 0.63% | no in-house ratios for this holding |
| CYRUSONE DATA CENTERS ISSUER I LLC | UNSCREENED | 0.63% | no in-house ratios for this holding |
| SPACE EXPLORATION TECHNOLOGIES CORP | UNSCREENED | 0.60% | no in-house ratios for this holding |
| T AT&T INC | NON_COMPLIANT | 0.60% | AAOIFI92.9% Usmani38.0% Dow Jones Islamic94.4% S&P Shariah107.8% MSCI Islamic38.0% MSCI Islamic M-Series107.8% FTSE Shariah33.6% |
| MAGNETITE XL LTD | UNSCREENED | 0.59% | no in-house ratios for this holding |
| GS GOLDMAN SACHS GROUP INC (THE) | NON_COMPLIANT | 0.55% | AAOIFI147.5% Usmani20.6% Dow Jones Islamic194.6% S&P Shariah229.2% MSCI Islamic20.6% MSCI Islamic M-Series229.2% FTSE Shariah20.6% |
| CITIZENS BANK NA | UNSCREENED | 0.54% | no in-house ratios for this holding |
| AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL AVIATION TRUST | UNSCREENED | 0.53% | no in-house ratios for this holding |
| FMCC FEDERAL HOME LOAN MORTGAGE CORP | NON_COMPLIANT | 0.53% | AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1% |
| NOVARTIS CAPITAL CORP | UNSCREENED | 0.52% | no in-house ratios for this holding |
| HCA INC | UNSCREENED | 0.51% | no in-house ratios for this holding |
| ERAC USA FINANCE LLC | UNSCREENED | 0.51% | no in-house ratios for this holding |
| NEXTGEAR FLOORPLAN MASTER OWNER TRUST | UNSCREENED | 0.50% | no in-house ratios for this holding |
| YAMAHA MOTOR MASTER TRUST II | UNSCREENED | 0.50% | no in-house ratios for this holding |
| HUBB HUBBELL INC | COMPLIANT | 0.48% | AAOIFI11.2% Usmani32.5% Dow Jones Islamic11.8% S&P Shariah12.7% MSCI Islamic32.5% MSCI Islamic M-Series12.7% FTSE Shariah30.6% |
| WHEELS FLEET LEASE FUNDING 1 LLC | UNSCREENED | 0.47% | no in-house ratios for this holding |
| AMZN AMAZON.COM INC | QUESTIONABLE | 0.47% | AAOIFI8.2% Usmani22.1% Dow Jones Islamic9.6% S&P Shariah10.6% MSCI Islamic20.9% MSCI Islamic M-Series10.6% FTSE Shariah12.1% |
| AAL.L ANGLO AMERICAN PLC | COMPLIANT | 0.45% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| SCHLUMBERGER INVESTMENT SA | UNSCREENED | 0.45% | no in-house ratios for this holding |
| GENERAL MOTORS FINANCIAL COMPANY INC | UNSCREENED | 0.43% | no in-house ratios for this holding |
| CYPRIUM CORP / CYPRIUM HOLDINGS LUXEMBOURG SARL | UNSCREENED | 0.43% | no in-house ratios for this holding |
| FREDDIE MAC STACR REMIC TRUST 2025-DNA1 | NON_COMPLIANT | 0.39% | no in-house ratios for this holding |
| DOMINO'S PIZZA MASTER ISSUER LLC | UNSCREENED | 0.39% | no in-house ratios for this holding |
| VOLVO FINANCIAL EQUIPMENT LLC 2026-1 | UNSCREENED | 0.38% | no in-house ratios for this holding |
| CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP | UNSCREENED | 0.37% | no in-house ratios for this holding |
| VERUS SECURITIZATION TRUST 2023-6 | UNSCREENED | 0.36% | no in-house ratios for this holding |
| BNY BANK OF NEW YORK MELLON CORP (THE) | NON_COMPLIANT | 0.35% | AAOIFI27.2% Usmani5.8% Dow Jones Islamic41.5% S&P Shariah49.3% MSCI Islamic5.8% MSCI Islamic M-Series49.3% FTSE Shariah5.8% |
| CONNECTICUT AVENUE SECURITIES TRUST 2026-R01 | UNSCREENED | 0.35% | no in-house ratios for this holding |
| BLUE OWL CREDIT INCOME CORP | UNSCREENED | 0.34% | no in-house ratios for this holding |
| ZAIS CLO 16 LTD | UNSCREENED | 0.34% | no in-house ratios for this holding |
| VOLKSWAGEN AUTO LEASE TRUST 2024-A | UNSCREENED | 0.34% | no in-house ratios for this holding |
| FMCC FEDERAL HOME LOAN MORTGAGE CORP | NON_COMPLIANT | 0.34% | AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1% |
| PNC BANK NA | UNSCREENED | 0.34% | no in-house ratios for this holding |
| HYUNDAI AUTO LEASE SECURITIZATION TRUST | UNSCREENED | 0.34% | no in-house ratios for this holding |
| GENERAL MOTORS FINANCIAL COMPANY INC | UNSCREENED | 0.33% | no in-house ratios for this holding |
| ET ENERGY TRANSFER LP | NON_COMPLIANT | 0.33% | AAOIFI94.8% Usmani47.4% Dow Jones Islamic120.8% S&P Shariah134.5% MSCI Islamic47.4% MSCI Islamic M-Series134.5% FTSE Shariah46.2% |
| Freddie Mac Stacr Remic Trust | NON_COMPLIANT | 0.32% | no in-house ratios for this holding |
| 9434.T SOFTBANK CORP | NON_COMPLIANT | 0.32% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| GREATAMERICA LEASING RECEIVABLES FUNDING LLC | UNSCREENED | 0.32% | no in-house ratios for this holding |
| USA COMPRESSION PARTNERS LP / USA COMPRESSION FINANCE CORP | UNSCREENED | 0.32% | no in-house ratios for this holding |
| ORCL ORACLE CORP | NON_COMPLIANT | 0.31% | AAOIFI34.1% Usmani64.0% Dow Jones Islamic30.7% S&P Shariah35.2% MSCI Islamic61.0% MSCI Islamic M-Series35.2% FTSE Shariah49.5% |
| DEUTSCHE BANK AG NEW YORK BRANCH | UNSCREENED | 0.30% | no in-house ratios for this holding |
| MRK MERCK & COMPANY INC | COMPLIANT | 0.30% | AAOIFI14.7% Usmani41.5% Dow Jones Islamic21.8% S&P Shariah20.9% MSCI Islamic41.5% MSCI Islamic M-Series20.9% FTSE Shariah41.5% |
| TOYOTA AUTO RECEIVABLES 2024-B OWNER TRUST | UNSCREENED | 0.29% | no in-house ratios for this holding |
| PNC PNC FINANCIAL SERVICES GROUP INC (THE) | NON_COMPLIANT | 0.28% | AAOIFI87.5% Usmani13.9% Dow Jones Islamic110.0% S&P Shariah122.6% MSCI Islamic13.9% MSCI Islamic M-Series122.6% FTSE Shariah13.9% |
| CONNECTICUT AVENUE SECURITIES TRUST 2025-R03 | UNSCREENED | 0.27% | no in-house ratios for this holding |
| MAGN MAGNERA CORP | NON_COMPLIANT | 0.27% | AAOIFI436.8% Usmani51.1% Dow Jones Islamic512.6% S&P Shariah698.0% MSCI Islamic51.1% MSCI Islamic M-Series698.0% FTSE Shariah49.6% |
| GOOG ALPHABET INC | QUESTIONABLE | 0.27% | AAOIFI2.9% Usmani13.1% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic12.8% MSCI Islamic M-Series4.5% FTSE Shariah10.9% |
| UNIVISION COMMUNICATIONS INC | UNSCREENED | 0.27% | no in-house ratios for this holding |
| WILLIAMS SCOTSMAN INC | UNSCREENED | 0.27% | no in-house ratios for this holding |
| ACHC ACADIA HEALTHCARE COMPANY INC | NON_COMPLIANT | 0.27% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AVANTOR FUNDING INC | UNSCREENED | 0.27% | no in-house ratios for this holding |
| ENR ENERGIZER HOLDINGS INC | NON_COMPLIANT | 0.27% | AAOIFI233.9% Usmani76.2% Dow Jones Islamic205.2% S&P Shariah194.6% MSCI Islamic76.1% MSCI Islamic M-Series194.6% FTSE Shariah74.0% |
| OUTFRONT MEDIA CAPITAL LLC/OUTFRONT MEDIA CAPITAL CORP | UNSCREENED | 0.27% | no in-house ratios for this holding |
| SM SM ENERGY COMPANY | NON_COMPLIANT | 0.27% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| ARCHES BUYER INC | UNSCREENED | 0.27% | no in-house ratios for this holding |
| NOVELIS CORP | UNSCREENED | 0.27% | no in-house ratios for this holding |
| TRANSDIGM INC | UNSCREENED | 0.27% | no in-house ratios for this holding |
| TRIVIUM PACKAGING FINANCE BV | UNSCREENED | 0.27% | no in-house ratios for this holding |
| WILLIAM CARTER COMPANY (THE) | UNSCREENED | 0.27% | no in-house ratios for this holding |
| ALUMINA PTY LTD | UNSCREENED | 0.26% | no in-house ratios for this holding |
| NGL ENERGY OPERATING LLC | UNSCREENED | 0.26% | no in-house ratios for this holding |
| ONEMAIN FINANCE CORP | UNSCREENED | 0.26% | no in-house ratios for this holding |
| GARRETT MOTION HOLDINGS INC / GARRETT LX I SARL | UNSCREENED | 0.26% | no in-house ratios for this holding |
| HRI HERC HOLDINGS INC | NON_COMPLIANT | 0.26% | AAOIFI200.8% Usmani69.0% Dow Jones Islamic211.0% S&P Shariah223.1% MSCI Islamic69.0% MSCI Islamic M-Series223.1% FTSE Shariah57.7% |
| STWD STARWOOD PROPERTY TRUST INC | NON_COMPLIANT | 0.26% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| MIDAS OPCO HOLDINGS LLC | UNSCREENED | 0.26% | no in-house ratios for this holding |
| SIRIUS XM RADIO LLC | UNSCREENED | 0.26% | no in-house ratios for this holding |
| MCGRAW-HILL EDUCATION INC | UNSCREENED | 0.26% | no in-house ratios for this holding |
| BATH & BODY WORKS INC | UNSCREENED | 0.26% | no in-house ratios for this holding |
| ZF NORTH AMERICA CAPITAL INC | UNSCREENED | 0.26% | no in-house ratios for this holding |
| SM SM ENERGY COMPANY | NON_COMPLIANT | 0.26% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| CELANESE US HOLDINGS LLC | UNSCREENED | 0.26% | no in-house ratios for this holding |
| JEFFERIES FINANCE LLC / JFIN CO-ISSUER CORP | UNSCREENED | 0.26% | no in-house ratios for this holding |
| LIFE TIME INC | UNSCREENED | 0.26% | no in-house ratios for this holding |
| CLYDESDALE ACQUISITION HOLDINGS INC | UNSCREENED | 0.26% | no in-house ratios for this holding |
| SIX FLAGS ENTERTAINMENT CORP / SIX FLAGS THEME PARKS INC | UNSCREENED | 0.26% | no in-house ratios for this holding |
| TEX TEREX CORP | NON_COMPLIANT | 0.26% | AAOIFI37.4% Usmani26.0% Dow Jones Islamic61.8% S&P Shariah65.1% MSCI Islamic26.0% MSCI Islamic M-Series65.1% FTSE Shariah26.0% |
| ESAB ESAB CORP | NON_COMPLIANT | 0.26% | AAOIFI54.5% Usmani38.7% Dow Jones Islamic37.4% S&P Shariah40.1% MSCI Islamic38.7% MSCI Islamic M-Series40.1% FTSE Shariah36.5% |
| AZORRA FINANCE LTD | UNSCREENED | 0.26% | no in-house ratios for this holding |
| MGM MGM RESORTS INTERNATIONAL | NON_COMPLIANT | 0.26% | AAOIFI288.8% Usmani75.7% Dow Jones Islamic297.5% S&P Shariah266.6% MSCI Islamic75.2% MSCI Islamic M-Series266.6% FTSE Shariah15.2% |
| CLEVELAND-CLIFFS INC | UNSCREENED | 0.26% | no in-house ratios for this holding |
| MTW MANITOWOC COMPANY INC (THE) | NON_COMPLIANT | 0.26% | AAOIFI67.1% Usmani27.0% Dow Jones Islamic126.3% S&P Shariah120.1% MSCI Islamic27.0% MSCI Islamic M-Series120.1% FTSE Shariah24.4% |
| CONSTELLIUM SE | UNSCREENED | 0.26% | no in-house ratios for this holding |
| VIRGIN MEDIA SECURED FINANCE PLC | UNSCREENED | 0.26% | no in-house ratios for this holding |
| WAND NEWCO 3 INC | UNSCREENED | 0.26% | no in-house ratios for this holding |
| AMERICAN AXLE & MANUFACTURING INC | UNSCREENED | 0.26% | no in-house ratios for this holding |
| CLOUD SOFTWARE GROUP HOLDINGS INC | UNSCREENED | 0.26% | no in-house ratios for this holding |
| FIESTA PURCHASER INC | UNSCREENED | 0.26% | no in-house ratios for this holding |
| OCTAGON 51 LTD | UNSCREENED | 0.25% | no in-house ratios for this holding |
| GOODYEAR TIRE & RUBBER COMPANY | UNSCREENED | 0.25% | no in-house ratios for this holding |
| HOWDEN US REFINANCE LLC / HOWDEN UK REFINANCE PLC | UNSCREENED | 0.25% | no in-house ratios for this holding |
| UAL UNITED AIRLINES HOLDINGS INC | NON_COMPLIANT | 0.25% | AAOIFI93.1% Usmani39.8% Dow Jones Islamic109.0% S&P Shariah132.3% MSCI Islamic39.8% MSCI Islamic M-Series132.3% FTSE Shariah31.3% |
| BAM BROOKFIELD ASSET MANAGEMENT LTD | NON_COMPLIANT | 0.25% | AAOIFI5.6% Usmani20.3% Dow Jones Islamic4.9% S&P Shariah5.5% MSCI Islamic20.3% MSCI Islamic M-Series5.5% FTSE Shariah20.3% |
| HILLENBRAND INC | UNSCREENED | 0.24% | no in-house ratios for this holding |
| FREDDIE MAC STACR REMIC TRUST 2023-HQA3 | NON_COMPLIANT | 0.24% | no in-house ratios for this holding |
| AGL CLO 17 LTD | UNSCREENED | 0.24% | no in-house ratios for this holding |
| VICTRA HOLDINGS LLC / VICTRA FINANCE CORP | UNSCREENED | 0.24% | no in-house ratios for this holding |
| FREMF 2017-KF40 MORTGAGE TRUST | UNSCREENED | 0.24% | no in-house ratios for this holding |
| JP MORGAN CHASE & COMPANY | UNSCREENED | 0.24% | no in-house ratios for this holding |
| CRM SALESFORCE INC | COMPLIANT | 0.24% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| MORGAN STANLEY BANK NA | UNSCREENED | 0.23% | no in-house ratios for this holding |
| HSBA.L HSBC HOLDINGS PLC | NON_COMPLIANT | 0.23% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| FORD MOTOR CREDIT COMPANY LLC | UNSCREENED | 0.23% | no in-house ratios for this holding |
| CONNECT FINCO SARL / CONNECT US FINCO LLC | UNSCREENED | 0.23% | no in-house ratios for this holding |
| US BANCORP | UNSCREENED | 0.22% | no in-house ratios for this holding |
| NRG NRG ENERGY INC | NON_COMPLIANT | 0.22% | AAOIFI85.9% Usmani53.8% Dow Jones Islamic81.4% S&P Shariah98.7% MSCI Islamic53.8% MSCI Islamic M-Series98.7% FTSE Shariah53.3% |
| JP MORGAN CHASE & COMPANY | UNSCREENED | 0.22% | no in-house ratios for this holding |
| GRAPHIC PACKAGING INTERNATIONAL LLC | UNSCREENED | 0.22% | no in-house ratios for this holding |
| GOLDMAN SACHS BANK USA | UNSCREENED | 0.22% | no in-house ratios for this holding |
| BANQUE FEDERATIVE DU CREDIT MUTUEL SA | UNSCREENED | 0.21% | no in-house ratios for this holding |
| NOBLE FINANCE II LLC | UNSCREENED | 0.21% | no in-house ratios for this holding |
| BALLYROCK CLO 27 LTD | UNSCREENED | 0.19% | no in-house ratios for this holding |
| OBX 2023-NQM8 TRUST | UNSCREENED | 0.19% | no in-house ratios for this holding |
| AERCAP FUNDING DAC | UNSCREENED | 0.19% | no in-house ratios for this holding |
| CANYON CLO 2020-2 LTD | UNSCREENED | 0.18% | no in-house ratios for this holding |
| DEUTSCHE BANK AG NEW YORK BRANCH | UNSCREENED | 0.18% | no in-house ratios for this holding |
| CONNECTICUT AVENUE SECURITIES TRUST 2026-R02 | UNSCREENED | 0.18% | no in-house ratios for this holding |
| CONNECTICUT AVENUE SECURITIES TRUST 2025-R01 | UNSCREENED | 0.17% | no in-house ratios for this holding |
| BAC BANK OF AMERICA CORP | NON_COMPLIANT | 0.17% | AAOIFI77.5% Usmani9.7% Dow Jones Islamic95.9% S&P Shariah105.7% MSCI Islamic9.7% MSCI Islamic M-Series105.7% FTSE Shariah9.7% |
| COLT 2023-3 MORTGAGE LOAN TRUST | UNSCREENED | 0.17% | no in-house ratios for this holding |
| SAN.MC BANCO SANTANDER SA | NON_COMPLIANT | 0.17% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ARI FLEET LEASE TRUST 2024-B | UNSCREENED | 0.17% | no in-house ratios for this holding |
| VERIZON MASTER TRUST | UNSCREENED | 0.17% | no in-house ratios for this holding |
| ARI FLEET LEASE TRUST 2025-A | UNSCREENED | 0.17% | no in-house ratios for this holding |
| NVDA NVIDIA CORP | COMPLIANT | 0.16% | AAOIFI1.1% Usmani12.1% Dow Jones Islamic0.9% S&P Shariah1.1% MSCI Islamic12.1% MSCI Islamic M-Series1.1% FTSE Shariah10.4% |
| ENTERPRISE FLEET FINANCING 2023-3 LLC | UNSCREENED | 0.16% | no in-house ratios for this holding |
| AVOLON HOLDINGS FUNDING LTD | UNSCREENED | 0.16% | no in-house ratios for this holding |
| GALAXY PIPELINE ASSETS BIDCO LTD | UNSCREENED | 0.16% | no in-house ratios for this holding |
| FREMF 2017-KF33 MORTGAGE TRUST | UNSCREENED | 0.16% | no in-house ratios for this holding |
| GS GOLDMAN SACHS GROUP INC (THE) | NON_COMPLIANT | 0.16% | AAOIFI147.5% Usmani20.6% Dow Jones Islamic194.6% S&P Shariah229.2% MSCI Islamic20.6% MSCI Islamic M-Series229.2% FTSE Shariah20.6% |
| MS MORGAN STANLEY | NON_COMPLIANT | 0.16% | AAOIFI115.6% Usmani23.4% Dow Jones Islamic161.6% S&P Shariah189.1% MSCI Islamic23.4% MSCI Islamic M-Series189.1% FTSE Shariah23.4% |
| DEUTSCHE BANK AG NEW YORK BRANCH | UNSCREENED | 0.16% | no in-house ratios for this holding |
| JP MORGAN CHASE & COMPANY | UNSCREENED | 0.15% | no in-house ratios for this holding |
| FREDDIE MAC STACR REMIC TRUST | NON_COMPLIANT | 0.15% | no in-house ratios for this holding |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST 2013-A | UNSCREENED | 0.15% | no in-house ratios for this holding |
| DUKE ENERGY FLORIDA LLC | UNSCREENED | 0.15% | no in-house ratios for this holding |
| FREMF 2012-KF01 MORTGAGE TRUST | UNSCREENED | 0.15% | no in-house ratios for this holding |
| BLACKSTONE PRIVATE CREDIT FUND | UNSCREENED | 0.14% | no in-house ratios for this holding |
| MERCEDES-BENZ AUTO RECEIVABLES TRUST 2010-1 | UNSCREENED | 0.14% | no in-house ratios for this holding |
| FREDDIE MAC STACR REMIC TRUST | NON_COMPLIANT | 0.14% | no in-house ratios for this holding |
| FREMF 2019-K98 MORTGAGE TRUST | UNSCREENED | 0.14% | no in-house ratios for this holding |
| BLACK HILLS CORP | UNSCREENED | 0.14% | no in-house ratios for this holding |
| CONNECTICUT AVENUE SECURITIES TRUST 2026-R02 | UNSCREENED | 0.14% | no in-house ratios for this holding |
| VISTRA OPERATIONS COMPANY LLC | UNSCREENED | 0.14% | no in-house ratios for this holding |
| BLACKSTONE PRIVATE CREDIT FUND | UNSCREENED | 0.13% | no in-house ratios for this holding |
| UBSG.SW UBS GROUP AG | NON_COMPLIANT | 0.13% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| COP CONOCOPHILLIPS | COMPLIANT | 0.13% | AAOIFI14.4% Usmani18.7% Dow Jones Islamic19.1% S&P Shariah18.8% MSCI Islamic18.7% MSCI Islamic M-Series18.8% FTSE Shariah18.7% |
| UBSG.SW UBS GROUP AG | NON_COMPLIANT | 0.13% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| APO APOLLO GLOBAL MANAGEMENT INC | NON_COMPLIANT | 0.13% | AAOIFI17.4% Usmani2.8% Dow Jones Islamic17.8% S&P Shariah19.6% MSCI Islamic2.8% MSCI Islamic M-Series19.6% FTSE Shariah2.8% |
| CANYON CLO 2019-2 LTD | UNSCREENED | 0.13% | no in-house ratios for this holding |
| FREDDIE MAC STACR REMIC TRUST 2025-DNA2 | NON_COMPLIANT | 0.13% | no in-house ratios for this holding |
| DEUTSCHE BANK AG NEW YORK BRANCH | UNSCREENED | 0.13% | no in-house ratios for this holding |
| BLACKSTONE PRIVATE CREDIT FUND | UNSCREENED | 0.12% | no in-house ratios for this holding |
| MAUSER PACKAGING SOLUTIONS HOLDING COMPANY | UNSCREENED | 0.12% | no in-house ratios for this holding |
| ILIAD HOLDING SAS | UNSCREENED | 0.11% | no in-house ratios for this holding |
| BPOP POPULAR INC | NON_COMPLIANT | 0.11% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| MRK MERCK & COMPANY INC | COMPLIANT | 0.11% | AAOIFI14.7% Usmani41.5% Dow Jones Islamic21.8% S&P Shariah20.9% MSCI Islamic41.5% MSCI Islamic M-Series20.9% FTSE Shariah41.5% |
| NORTHWESTERN MUTUAL GLOBAL FUNDING | UNSCREENED | 0.11% | no in-house ratios for this holding |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION | NON_COMPLIANT | 0.11% | no in-house ratios for this holding |
| FREDDIE MAC STACR REMIC TRUST 2025-DNA3 | NON_COMPLIANT | 0.11% | no in-house ratios for this holding |
| NOVARTIS CAPITAL CORP | UNSCREENED | 0.10% | no in-house ratios for this holding |
| PFE PFIZER INC | NON_COMPLIANT | 0.10% | AAOIFI39.8% Usmani31.4% Dow Jones Islamic46.1% S&P Shariah45.9% MSCI Islamic31.4% MSCI Islamic M-Series45.9% FTSE Shariah31.4% |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | NON_COMPLIANT | 0.10% | no in-house ratios for this holding |
| SAN.MC BANCO SANTANDER SA | NON_COMPLIANT | 0.10% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| STT STATE STREET CORP | NON_COMPLIANT | 0.10% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| FREMF 2012-KF01 MORTGAGE TRUST | UNSCREENED | 0.10% | no in-house ratios for this holding |
| WFC WELLS FARGO & COMPANY | NON_COMPLIANT | 0.10% | AAOIFI80.2% Usmani9.1% Dow Jones Islamic84.8% S&P Shariah93.9% MSCI Islamic9.1% MSCI Islamic M-Series93.9% FTSE Shariah9.1% |
| TMO THERMO FISHER SCIENTIFIC INC | COMPLIANT | 0.10% | AAOIFI20.5% Usmani40.3% Dow Jones Islamic23.4% S&P Shariah22.9% MSCI Islamic40.3% MSCI Islamic M-Series22.9% FTSE Shariah40.3% |
| Fremf 2019-KF73 Mortgage Trust | UNSCREENED | 0.09% | no in-house ratios for this holding |
| ACHC ACADIA HEALTHCARE COMPANY INC | NON_COMPLIANT | 0.09% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TOYOTA AUTO RECEIVABLES 2024-A OWNER TRUST | UNSCREENED | 0.09% | no in-house ratios for this holding |
| MS MORGAN STANLEY | NON_COMPLIANT | 0.08% | AAOIFI115.6% Usmani23.4% Dow Jones Islamic161.6% S&P Shariah189.1% MSCI Islamic23.4% MSCI Islamic M-Series189.1% FTSE Shariah23.4% |
| BA BOEING COMPANY (THE) | NON_COMPLIANT | 0.08% | AAOIFI30.1% Usmani30.2% Dow Jones Islamic33.6% S&P Shariah36.0% MSCI Islamic30.2% MSCI Islamic M-Series36.0% FTSE Shariah30.2% |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | NON_COMPLIANT | 0.08% | no in-house ratios for this holding |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION | NON_COMPLIANT | 0.08% | no in-house ratios for this holding |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | UNSCREENED | 0.08% | no in-house ratios for this holding |
| NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP | UNSCREENED | 0.07% | no in-house ratios for this holding |
| BA BOEING COMPANY (THE) | NON_COMPLIANT | 0.07% | AAOIFI30.1% Usmani30.2% Dow Jones Islamic33.6% S&P Shariah36.0% MSCI Islamic30.2% MSCI Islamic M-Series36.0% FTSE Shariah30.2% |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION | NON_COMPLIANT | 0.05% | no in-house ratios for this holding |
| MEDLINE BORROWER LP | UNSCREENED | 0.05% | no in-house ratios for this holding |
| EAGLE FUNDING LUXCO SARL | UNSCREENED | 0.04% | no in-house ratios for this holding |
| CZR CAESARS ENTERTAINMENT INC | NON_COMPLIANT | 0.04% | AAOIFI193.4% Usmani78.3% Dow Jones Islamic192.1% S&P Shariah165.8% MSCI Islamic36.9% MSCI Islamic M-Series165.8% FTSE Shariah36.9% |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | NON_COMPLIANT | 0.04% | no in-house ratios for this holding |
| GRUPO NUTRESA SA | UNSCREENED | 0.04% | no in-house ratios for this holding |
| GEORGIA GLOBAL UTILITIES JSC | UNSCREENED | 0.03% | no in-house ratios for this holding |
| CHILE ELECTRICITY LUX MPC SARL | UNSCREENED | 0.03% | no in-house ratios for this holding |
| AKBNK.IS AKBANK TAS | NON_COMPLIANT | 0.03% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TCELL.IS TURKCELL ILETISIM HIZMETLERI AS | NON_COMPLIANT | 0.03% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| OFFICE CHERIFIEN DES PHOSPHATES SA | UNSCREENED | 0.03% | no in-house ratios for this holding |
| LASITE.MX SITIOS LATINOAMERICA SAB DE CV | NON_COMPLIANT | 0.03% | AAOIFI221.8% Usmani93.6% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic70.7% MSCI Islamic M-Seriesfail FTSE Shariah70.7% |
| METROPOLITAN BANK & TRUST COMPANY | UNSCREENED | 0.03% | no in-house ratios for this holding |
| BANCO SANTANDER (MX) SA INSTITUCION DE BANCA MULTIPLE GRUPO FINANCIERO SANTANDER | UNSCREENED | 0.03% | no in-house ratios for this holding |
| PETRONAS CAPITAL LTD | UNSCREENED | 0.03% | no in-house ratios for this holding |
| KASPI.KZ JSC | UNSCREENED | 0.03% | no in-house ratios for this holding |
| AFRICA FINANCE CORP | UNSCREENED | 0.03% | no in-house ratios for this holding |
| COLOMBIA, REPUBLIC OF - MINISTERO DE HACIENDA Y CREDITO PUBLICO | UNSCREENED | 0.03% | no in-house ratios for this holding |
| AXIAN TELECOM HOLDING AND MANAGEMENT PLC | UNSCREENED | 0.03% | no in-house ratios for this holding |
| BAITEREK NATIONAL INVESTMENT HOLDING JSC | UNSCREENED | 0.03% | no in-house ratios for this holding |
| HYUNDAI CAPITAL SERVICES INC | UNSCREENED | 0.03% | no in-house ratios for this holding |
| AVILEASE CAPITAL LTD | UNSCREENED | 0.03% | no in-house ratios for this holding |
| AZULE ENERGY FINANCE PLC | UNSCREENED | 0.03% | no in-house ratios for this holding |
| FREEPORT INDONESIA PT | UNSCREENED | 0.03% | no in-house ratios for this holding |
| TELEKOM SRBIJA AD | UNSCREENED | 0.03% | no in-house ratios for this holding |
| VEON MIDCO BV | UNSCREENED | 0.03% | no in-house ratios for this holding |
| MUTHOOTFIN.NS MUTHOOT FINANCE LTD | NON_COMPLIANT | 0.03% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| PERTAMINA HULU ENERGI PT | UNSCREENED | 0.03% | no in-house ratios for this holding |
| 1828.HK FWD GROUP HOLDINGS LTD | NON_COMPLIANT | 0.03% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BANK OF GEORGIA JSC | UNSCREENED | 0.03% | no in-house ratios for this holding |
| VEDANTA RESOURCES FINANCE II PLC | UNSCREENED | 0.03% | no in-house ratios for this holding |
| IHS IHS HOLDING LTD (NEW) | NON_COMPLIANT | 0.03% | AAOIFI110.0% Usmani69.9% Dow Jones Islamic153.7% S&P Shariah174.6% MSCI Islamic69.9% MSCI Islamic M-Series174.6% FTSE Shariah69.9% |
| KOREA HYDRO & NUCLEAR POWER COMPANY LTD | UNSCREENED | 0.03% | no in-house ratios for this holding |
| NBK SPC LTD | UNSCREENED | 0.03% | no in-house ratios for this holding |
| MISC CAPITAL TWO (LABUAN) LTD | UNSCREENED | 0.03% | no in-house ratios for this holding |
| PRX.AS PROSUS NV | NON_COMPLIANT | 0.03% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BANK HAPOALIM LTD | UNSCREENED | 0.03% | no in-house ratios for this holding |
| BANGKOK BANK PCL HONG KONG BRANCH | UNSCREENED | 0.03% | no in-house ratios for this holding |
| BANK MUSCAT SAOG | UNSCREENED | 0.03% | no in-house ratios for this holding |
| CBQ FINANCE LTD | UNSCREENED | 0.03% | no in-house ratios for this holding |
| O39.SI OVERSEA-CHINESE BANKING CORP LTD | NON_COMPLIANT | 0.03% | AAOIFI21.2% Usmani4.5% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic4.5% MSCI Islamic M-Seriesfail FTSE Shariah4.5% |
| CENTRAL AMERICAN BOTTLING CORP | UNSCREENED | 0.03% | no in-house ratios for this holding |
| AL JAWAHER ASSETS COMPANY SPC | UNSCREENED | 0.03% | no in-house ratios for this holding |
| PRIO LUXEMBOURG HOLDING SARL | UNSCREENED | 0.03% | no in-house ratios for this holding |
| NATIONAL COMPANY KAZAKHSTAN TEMIR ZHOLY JSC | UNSCREENED | 0.03% | no in-house ratios for this holding |
The published standards disagree about this fund by 2 points of portfolio weight — 8.2% of it passes Dow Jones Islamic, 5.8% passes MSCI Islamic. 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 7.3% ratios fail on 10.9% 81.4% not rated under AAOIFI
ratios pass on 6.1% ratios fail on 10.5% 83.1% not rated under Usmani
ratios pass on 8.2% ratios fail on 9.8% 81.6% not rated under Dow Jones Islamic
ratios pass on 7.9% ratios fail on 10.1% 81.6% not rated under S&P Shariah
ratios pass on 5.8% ratios fail on 10.5% 83.4% not rated under MSCI Islamic
ratios pass on 7.9% ratios fail on 10.1% 81.6% not rated under MSCI Islamic M-Series
ratios pass on 6.3% ratios fail on 10.2% 83.1% not rated under FTSE Shariah
59 of 284 listed holdings carry our own per-methodology verdicts (18% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 46 (16% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 18.14% |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 8.79% |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 3.27% |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 2.09% |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 1.01% |
| TMUS T-MOBILE USA INC | 0.67% |
| BAC BANK OF AMERICA CORP | 0.64% |
| T AT&T INC | 0.60% |
| GS GOLDMAN SACHS GROUP INC (THE) | 0.55% |
| FMCC FEDERAL HOME LOAN MORTGAGE CORP | 0.53% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Nomura Limited-Term Diversified Income Fund (DTICX) 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 |
|---|---|---|
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBTnot matched to a ticker | 18.14% | Non-compliant |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBTnot matched to a ticker | 8.79% | Non-compliant |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBTnot matched to a ticker | 3.27% | Non-compliant |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBTnot matched to a ticker | 2.09% | Non-compliant |
| PFS FINANCING CORPnot matched to a ticker | 1.68% | Not screened |
| TOYOTA AUTO LOAN EXTENDED NOTE TRUST 2022-1not matched to a ticker | 1.33% | Not screened |
| ECLECOLAB INC | 1.29% | Compliant |
| HONAHONEYWELL AEROSPACE INC | 1.23% | Compliant |
| CARDS II TRUSTnot matched to a ticker | 1.17% | Not screened |
| ABTABBOTT LABORATORIES | 1.11% | Compliant |
Top 10 of 284 holdings, 40.1% 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 DTICX. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
ℹ️ no compliance scan has run for 3 days - this is not a reading of today
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) | 38.00 | NEUTRAL |
| Stochastic %K (14) | 25.00 | NEUTRAL |
| CCI (20) | -35.71 | NEUTRAL |
| Williams %R (14) | -75.00 | NEUTRAL |
| MACD (12,26,9) | 0.00 | BUY |
| ROC (10) | 0.00 | NEUTRAL |
| Momentum (10) | 0.00 | NEUTRAL |
| EMA (10) | 7.75 | SELL |
| SMA (10) | 7.74 | BUY |
| EMA (20) | 7.76 | SELL |
| SMA (20) | 7.76 | SELL |
| EMA (30) | 7.77 | SELL |
| SMA (30) | 7.78 | SELL |
| EMA (50) | 7.78 | SELL |
| SMA (50) | 7.80 | SELL |
| EMA (100) | 7.78 | SELL |
| SMA (100) | 7.79 | SELL |
| EMA (200) | 7.77 | SELL |
| SMA (200) | 7.78 | SELL |
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.