Verdicts genuinely change. Free email alert the moment FHCOX'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.
Federated Hermes Conservative Microshort Fund · Federated Hermes Adviser Series
115 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 101% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT At least 14.53% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 82% turns out to be. Matching more holdings can only raise this share, never lower it.
115 holdings, 19 matched (19% of weight). Portfolio as of 2026-05-31, filed 2026-07-27. Source: SEC Form N-PORT.
6.34% of this portfolio’s income is non-permissible — weighted across holdings, computed over 13% of portfolio weight (16 of 115 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 |
|---|---|---|---|
| STANDARD CHARTERED 10 | UNSCREENED | 11.74% | no in-house ratios for this holding |
| MUFG Securities Americas, Inc. | UNSCREENED | 4.92% | no in-house ratios for this holding |
| STANDARD CHARTERED 10 | UNSCREENED | 4.92% | no in-house ratios for this holding |
| BNP.PA BNP Paribas SA | NON_COMPLIANT | 4.92% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SG Americas Securities LLC | UNSCREENED | 4.92% | no in-house ratios for this holding |
| ET Energy Transfer LP | NON_COMPLIANT | 3.27% | AAOIFI94.8% Usmani47.4% Dow Jones Islamic120.8% S&P Shariah134.5% MSCI Islamic47.4% MSCI Islamic M-Series134.5% FTSE Shariah46.2% |
| Drive Auto Receivables Trust | UNSCREENED | 1.30% | no in-house ratios for this holding |
| NEW YORK LIFE GLOBAL FDG | UNSCREENED | 0.99% | no in-house ratios for this holding |
| NEXTERA ENERGY CAPITAL | UNSCREENED | 0.99% | no in-house ratios for this holding |
| NextGear Floorplan Master Owner Trust | UNSCREENED | 0.98% | no in-house ratios for this holding |
| NextGear Floorplan Master Owner Trust | UNSCREENED | 0.98% | no in-house ratios for this holding |
| AMZN AMAZON.COM INC | QUESTIONABLE | 0.98% | AAOIFI8.2% Usmani22.1% Dow Jones Islamic9.6% S&P Shariah10.6% MSCI Islamic20.9% MSCI Islamic M-Series10.6% FTSE Shariah12.1% |
| US BANK NA CINCINNATI | UNSCREENED | 0.98% | no in-house ratios for this holding |
| SNPS SYNOPSYS INC | COMPLIANT | 0.98% | AAOIFI14.4% Usmani22.7% Dow Jones Islamic13.2% S&P Shariah13.2% MSCI Islamic22.7% MSCI Islamic M-Series13.2% FTSE Shariah21.0% |
| GM General Motors | NON_COMPLIANT | 0.98% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| TOYOTA MOTOR CREDIT CORP | UNSCREENED | 0.98% | no in-house ratios for this holding |
| PFS Financing Corp. | UNSCREENED | 0.98% | no in-house ratios for this holding |
| GENERAL MOTORS FINL CO | UNSCREENED | 0.98% | no in-house ratios for this holding |
| NATWEST MARKETS PLC | UNSCREENED | 0.98% | no in-house ratios for this holding |
| FORD MOTOR CREDIT CO LLC | UNSCREENED | 0.98% | no in-house ratios for this holding |
| AMERICAN HONDA FINANCE | UNSCREENED | 0.98% | no in-house ratios for this holding |
| RY ROYAL BANK OF CANADA | COMPLIANT | 0.98% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| GLENCORE FUNDING LLC | UNSCREENED | 0.98% | no in-house ratios for this holding |
| TRUIST BANK | UNSCREENED | 0.98% | no in-house ratios for this holding |
| MORGAN STANLEY BANK NA | UNSCREENED | 0.98% | no in-house ratios for this holding |
| PNC FINANCIAL SERVICES | UNSCREENED | 0.98% | no in-house ratios for this holding |
| COREBRIDGE GLOB FUNDING | UNSCREENED | 0.98% | no in-house ratios for this holding |
| HYUNDAI CAPITAL AMERICA | UNSCREENED | 0.98% | no in-house ratios for this holding |
| AUGUSTA SPINCO CORPORATI | UNSCREENED | 0.98% | 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% |
| AXP AMERICAN EXPRESS CO | NON_COMPLIANT | 0.98% | AAOIFI26.8% Usmani19.2% Dow Jones Islamic27.4% S&P Shariah30.8% MSCI Islamic19.2% MSCI Islamic M-Series30.8% FTSE Shariah19.2% |
| AMERICAN HONDA FINANCE | UNSCREENED | 0.95% | no in-house ratios for this holding |
| PenFed Auto Receivables Owner Trust | UNSCREENED | 0.91% | no in-house ratios for this holding |
| The Huntington National Bank | UNSCREENED | 0.88% | no in-house ratios for this holding |
| Santander Drive Auto Receivables Trust | UNSCREENED | 0.86% | no in-house ratios for this holding |
| FIDELITY NATL INFO SERV | UNSCREENED | 0.85% | no in-house ratios for this holding |
| Wheels Fleet Lease Funding LLC | UNSCREENED | 0.84% | no in-house ratios for this holding |
| HPEFS Equipment Trust | UNSCREENED | 0.83% | no in-house ratios for this holding |
| PFS Financing Corp. | UNSCREENED | 0.82% | no in-house ratios for this holding |
| DAIMLER TRUCK FINAN NA | UNSCREENED | 0.82% | no in-house ratios for this holding |
| Hyundai Auto Lease Securitization Trust | UNSCREENED | 0.81% | no in-house ratios for this holding |
| Ford Credit Floorplan Master Owner Trust | UNSCREENED | 0.80% | no in-house ratios for this holding |
| Enterprise Fleet Financing LLC | UNSCREENED | 0.78% | no in-house ratios for this holding |
| MET LIFE GLOB FUNDING I | UNSCREENED | 0.76% | no in-house ratios for this holding |
| CITIBANK NA | UNSCREENED | 0.76% | no in-house ratios for this holding |
| Toyota Lease Owner Trust | UNSCREENED | 0.74% | no in-house ratios for this holding |
| MERCEDES-BENZ FIN NA | UNSCREENED | 0.68% | no in-house ratios for this holding |
| Truist Bank Auto Credit-Linked Notes | UNSCREENED | 0.66% | no in-house ratios for this holding |
| NextGear Floorplan Master Owner Trust | UNSCREENED | 0.66% | no in-house ratios for this holding |
| GM Financial Automobile Leasing Trust | UNSCREENED | 0.66% | no in-house ratios for this holding |
| PFS Financing Corp. | UNSCREENED | 0.66% | no in-house ratios for this holding |
| GOLDMAN SACHS BANK USA | UNSCREENED | 0.66% | no in-house ratios for this holding |
| TD TORONTO-DOMINION BANK | NON_COMPLIANT | 0.65% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| CANADIAN IMPERIAL BANK | UNSCREENED | 0.65% | no in-house ratios for this holding |
| AUST & NZ BANKING GROUP | UNSCREENED | 0.65% | no in-house ratios for this holding |
| LLY ELI LILLY & CO | COMPLIANT | 0.65% | AAOIFI5.2% Usmani38.6% Dow Jones Islamic6.4% S&P Shariah6.9% MSCI Islamic38.6% MSCI Islamic M-Series6.9% FTSE Shariah38.6% |
| GM Financial Securitized Term Auto Receivables Tr | UNSCREENED | 0.65% | no in-house ratios for this holding |
| MRK MERCK & CO INC | COMPLIANT | 0.65% | AAOIFI14.7% Usmani41.5% Dow Jones Islamic21.8% S&P Shariah20.9% MSCI Islamic41.5% MSCI Islamic M-Series20.9% FTSE Shariah41.5% |
| CARDS II Trust | UNSCREENED | 0.65% | no in-house ratios for this holding |
| Evergreen Credit Card Trust | UNSCREENED | 0.65% | no in-house ratios for this holding |
| M&T Equipment Notes | UNSCREENED | 0.64% | no in-house ratios for this holding |
| WFC WELLS FARGO & COMPANY | NON_COMPLIANT | 0.64% | AAOIFI80.2% Usmani9.1% Dow Jones Islamic84.8% S&P Shariah93.9% MSCI Islamic9.1% MSCI Islamic M-Series93.9% FTSE Shariah9.1% |
| The Huntington National Bank | UNSCREENED | 0.59% | no in-house ratios for this holding |
| Securitized Term Auto Receivables Trust | UNSCREENED | 0.58% | no in-house ratios for this holding |
| Securitized Term Auto Receivables Trust | UNSCREENED | 0.57% | no in-house ratios for this holding |
| Wheels Fleet Lease Funding LLC | UNSCREENED | 0.56% | no in-house ratios for this holding |
| PM PHILIP MORRIS INTL INC | NON_COMPLIANT | 0.55% | AAOIFI16.1% Usmani66.9% Dow Jones Islamic18.9% S&P Shariah22.1% MSCI Islamic66.9% MSCI Islamic M-Series22.1% FTSE Shariah66.9% |
| HCA INC | UNSCREENED | 0.53% | no in-house ratios for this holding |
| World OMNI Select Auto Trust | UNSCREENED | 0.52% | no in-house ratios for this holding |
| HONA HONEYWELL AEROSPACE INC | COMPLIANT | 0.52% | AAOIFI32.8% Usmani83.4% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic83.4% MSCI Islamic M-Seriespass FTSE Shariah81.8% |
| Ally Bank Auto Credit-Linked Notes | UNSCREENED | 0.50% | no in-house ratios for this holding |
| Evergreen Credit Card Trust | UNSCREENED | 0.49% | no in-house ratios for this holding |
| Trillium Credit Card Trust II | UNSCREENED | 0.49% | no in-house ratios for this holding |
| Trillium Credit Card Trust II | UNSCREENED | 0.49% | no in-house ratios for this holding |
| NISSAN MOTOR ACCEPTANCE | UNSCREENED | 0.49% | no in-house ratios for this holding |
| Hyundai Auto Lease Securitization Trust | UNSCREENED | 0.48% | no in-house ratios for this holding |
| Santander Bank Auto Credit-Linked Notes | UNSCREENED | 0.47% | no in-house ratios for this holding |
| GPN GLOBAL PAYMENTS INC | NON_COMPLIANT | 0.45% | AAOIFI95.7% Usmani36.9% Dow Jones Islamic108.0% S&P Shariah96.7% MSCI Islamic36.9% MSCI Islamic M-Series96.7% FTSE Shariah36.9% |
| Ford Credit Auto Lease Trust | UNSCREENED | 0.44% | no in-house ratios for this holding |
| Ally Bank Auto Credit-Linked Notes | UNSCREENED | 0.44% | no in-house ratios for this holding |
| Hyundai Auto Lease Securitization Trust | UNSCREENED | 0.41% | no in-house ratios for this holding |
| SBNA Auto Lease Trust | UNSCREENED | 0.41% | no in-house ratios for this holding |
| FIFTH THIRD BANK INC | UNSCREENED | 0.38% | no in-house ratios for this holding |
| NAB.AX NATIONAL AUSTRALIA BANK | NON_COMPLIANT | 0.38% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Bank of America Auto Trust | UNSCREENED | 0.33% | no in-house ratios for this holding |
| HPEFS Equipment Trust | UNSCREENED | 0.33% | no in-house ratios for this holding |
| SBNA Auto Receivables Trust | UNSCREENED | 0.33% | no in-house ratios for this holding |
| DLLMT LLC | UNSCREENED | 0.33% | no in-house ratios for this holding |
| Verizon Master Trust | UNSCREENED | 0.33% | no in-house ratios for this holding |
| Securitized Term Auto Receivables Trust | UNSCREENED | 0.33% | no in-house ratios for this holding |
| Verizon Master Trust | UNSCREENED | 0.33% | no in-house ratios for this holding |
| Navistar Financial Dealer Note Master Trust | UNSCREENED | 0.32% | no in-house ratios for this holding |
| Enterprise Fleet Financing LLC | UNSCREENED | 0.32% | no in-house ratios for this holding |
| NEXTERA ENERGY CAPITAL | UNSCREENED | 0.32% | no in-house ratios for this holding |
| Stellantis Financial Underwritten Enhanced Lease Trust | UNSCREENED | 0.31% | no in-house ratios for this holding |
| Securitized Term Auto Receivables Trust | UNSCREENED | 0.31% | no in-house ratios for this holding |
| Securitized Term Auto Receivables Trust | UNSCREENED | 0.31% | no in-house ratios for this holding |
| Enterprise Fleet Financing LLC | UNSCREENED | 0.29% | no in-house ratios for this holding |
| MRSH MARSH & MCLENNAN COS INC | NON_COMPLIANT | 0.29% | AAOIFI24.1% Usmani35.8% Dow Jones Islamic22.1% S&P Shariah22.2% MSCI Islamic35.8% MSCI Islamic M-Series22.2% FTSE Shariah32.7% |
| ARI Fleet Lease Trust | UNSCREENED | 0.29% | no in-house ratios for this holding |
| Porsche Innovative Lease Owner Trust | UNSCREENED | 0.28% | no in-house ratios for this holding |
| Verizon Master Trust | UNSCREENED | 0.26% | no in-house ratios for this holding |
| PFE PFIZER INC | NON_COMPLIANT | 0.26% | AAOIFI39.8% Usmani31.4% Dow Jones Islamic46.1% S&P Shariah45.9% MSCI Islamic31.4% MSCI Islamic M-Series45.9% FTSE Shariah31.4% |
| Ally Bank Auto Credit-Linked Notes | UNSCREENED | 0.25% | no in-house ratios for this holding |
| Daimler Trucks Retail Trust | UNSCREENED | 0.25% | no in-house ratios for this holding |
| Chase Auto Credit Linked Notes | UNSCREENED | 0.23% | no in-house ratios for this holding |
| Dell Equipment Finance Trust | UNSCREENED | 0.22% | no in-house ratios for this holding |
| Santander Drive Auto Receivables Trust | UNSCREENED | 0.21% | no in-house ratios for this holding |
| MMAF Equipment Finance LLC | UNSCREENED | 0.20% | no in-house ratios for this holding |
| STT STATE STREET CORP | NON_COMPLIANT | 0.19% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| HPEFS Equipment Trust | UNSCREENED | 0.16% | no in-house ratios for this holding |
| CONSTELLATION EN GEN LLC | UNSCREENED | 0.15% | no in-house ratios for this holding |
| Enterprise Fleet Financing LLC | UNSCREENED | 0.09% | no in-house ratios for this holding |
| GREAT AMERICA LEASING RECEIVABLES | UNSCREENED | 0.07% | no in-house ratios for this holding |
| DLLAD LLC | UNSCREENED | 0.04% | no in-house ratios for this holding |
The published standards disagree about this fund by 3 points of portfolio weight — 5.6% of it passes Dow Jones Islamic, 2.2% passes Usmani. 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 5.1% ratios fail on 14.2% 81.8% not rated under AAOIFI
ratios pass on 2.2% ratios fail on 14.5% 84.4% not rated under Usmani
ratios pass on 5.6% ratios fail on 13.7% 81.8% not rated under Dow Jones Islamic
ratios pass on 4.6% ratios fail on 12.7% 83.7% not rated under S&P Shariah
ratios pass on 2.2% ratios fail on 14.5% 84.4% not rated under MSCI Islamic
ratios pass on 4.6% ratios fail on 14.7% 81.8% not rated under MSCI Islamic M-Series
ratios pass on 2.5% ratios fail on 14.2% 84.4% not rated under FTSE Shariah
19 of 115 listed holdings carry our own per-methodology verdicts (19% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 17 (14% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| BNP.PA BNP Paribas SA | 4.92% |
| ET Energy Transfer LP | 3.27% |
| GM General Motors | 0.98% |
| ORCL ORACLE CORP | 0.98% |
| AXP AMERICAN EXPRESS CO | 0.98% |
| TD TORONTO-DOMINION BANK | 0.65% |
| WFC WELLS FARGO & COMPANY | 0.64% |
| PM PHILIP MORRIS INTL INC | 0.55% |
| GPN GLOBAL PAYMENTS INC | 0.45% |
| NAB.AX NATIONAL AUSTRALIA BANK | 0.38% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Federated Hermes Conservative Microshort Fund (FHCOX) 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 |
|---|---|---|
| STANDARD CHARTERED 10not matched to a ticker | 11.74% | Not screened |
| MUFG Securities Americas, Inc.not matched to a ticker | 4.92% | Not screened |
| STANDARD CHARTERED 10not matched to a ticker | 4.92% | Not screened |
| BNP.PABNP Paribas SA | 4.92% | Non-compliant |
| SG Americas Securities LLCnot matched to a ticker | 4.92% | Not screened |
| ETEnergy Transfer LP | 3.27% | Non-compliant |
| Drive Auto Receivables Trustnot matched to a ticker | 1.30% | Not screened |
| NEW YORK LIFE GLOBAL FDGnot matched to a ticker | 0.99% | Not screened |
| NEXTERA ENERGY CAPITALnot matched to a ticker | 0.99% | Not screened |
| NextGear Floorplan Master Owner Trustnot matched to a ticker | 0.98% | Not screened |
Top 10 of 115 holdings, 39.0% 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 FHCOX. 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) | 92.20 | SELL |
| Stochastic %K (14) | 100.00 | SELL |
| CCI (20) | 83.33 | NEUTRAL |
| Williams %R (14) | 0.00 | SELL |
| MACD (12,26,9) | 0.00 | BUY |
| ROC (10) | 0.34 | BUY |
| Momentum (10) | 0.03 | BUY |
| EMA (10) | 9.98 | BUY |
| SMA (10) | 9.98 | BUY |
| EMA (20) | 9.97 | BUY |
| SMA (20) | 9.97 | BUY |
| EMA (30) | 9.97 | BUY |
| SMA (30) | 9.97 | BUY |
| EMA (50) | 9.95 | BUY |
| SMA (50) | 9.95 | BUY |
| EMA (100) | 9.92 | BUY |
| SMA (100) | 9.92 | BUY |
| EMA (200) | 9.84 | BUY |
| SMA (200) | 9.84 | 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.