Verdicts genuinely change. Free email alert the moment FULAX'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 Ultrashort Bond Fund · Federated Hermes Total Return Series, Inc.
548 holdings
NON-COMPLIANT At least 31.54% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 65% turns out to be. Matching more holdings can only raise this share, never lower it.
20.36% 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.
548 holdings, 166 matched (35% of weight). Portfolio as of 2026-06-30, filed 2026-08-25. Source: SEC Form N-PORT.
11.54% of this portfolio’s income is non-permissible — weighted across holdings, computed over 9% of portfolio weight (47 of 548 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 |
|---|---|---|---|
| FEDERATED HERMES MONEY MARKET OBLIGATIONS TRUST | UNSCREENED | 3.97% | no in-house ratios for this holding |
| Federated Core Trust - Federated Bank Loan Core Fund | UNSCREENED | 3.51% | no in-house ratios for this holding |
| Federated Core Trust III - Federated Project and Trade Finance Core Fund | UNSCREENED | 2.51% | no in-house ratios for this holding |
| United States Treasury | NON_COMPLIANT | 2.36% | no in-house ratios for this holding |
| PRUDENTIAL QMA STRAT VAL- | UNSCREENED | 1.00% | no in-house ratios for this holding |
| Government National Mortgage Association | NON_COMPLIANT | 0.77% | no in-house ratios for this holding |
| Government National Mortgage Association | NON_COMPLIANT | 0.65% | no in-house ratios for this holding |
| Government National Mortgage Association | NON_COMPLIANT | 0.64% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.62% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.59% | no in-house ratios for this holding |
| United States Treasury | NON_COMPLIANT | 0.59% | no in-house ratios for this holding |
| United States Treasury | NON_COMPLIANT | 0.58% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.58% | no in-house ratios for this holding |
| United States Treasury | NON_COMPLIANT | 0.58% | no in-house ratios for this holding |
| Santander Drive Auto Receivables Trust | UNSCREENED | 0.56% | no in-house ratios for this holding |
| ORL TRUST | UNSCREENED | 0.54% | no in-house ratios for this holding |
| Government National Mortgage Association | NON_COMPLIANT | 0.54% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.53% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.52% | no in-house ratios for this holding |
| FIDELITY NATL INFO SERV | UNSCREENED | 0.51% | no in-house ratios for this holding |
| AXP AMERICAN EXPRESS CO | NON_COMPLIANT | 0.51% | AAOIFI26.8% Usmani19.2% Dow Jones Islamic27.4% S&P Shariah30.8% MSCI Islamic19.2% MSCI Islamic M-Series30.8% FTSE Shariah19.2% |
| Government National Mortgage Association | NON_COMPLIANT | 0.50% | no in-house ratios for this holding |
| Navient Student Loan Trust | UNSCREENED | 0.50% | no in-house ratios for this holding |
| Santander Drive Auto Receivables Trust | UNSCREENED | 0.49% | no in-house ratios for this holding |
| Santander Drive Auto Receivables Trust | UNSCREENED | 0.48% | no in-house ratios for this holding |
| Government National Mortgage Association | NON_COMPLIANT | 0.48% | no in-house ratios for this holding |
| Navient Student Loan Trust | UNSCREENED | 0.48% | no in-house ratios for this holding |
| MS MORGAN STANLEY | NON_COMPLIANT | 0.47% | AAOIFI115.6% Usmani23.4% Dow Jones Islamic161.6% S&P Shariah189.1% MSCI Islamic23.4% MSCI Islamic M-Series189.1% FTSE Shariah23.4% |
| JPM JPMORGAN CHASE & CO | NON_COMPLIANT | 0.47% | AAOIFI7.7% Usmani1.4% Dow Jones Islamic9.5% S&P Shariah10.7% MSCI Islamic1.4% MSCI Islamic M-Series10.7% FTSE Shariah1.4% |
| BNS.TO BANK OF NOVA SCOTIA | NON_COMPLIANT | 0.47% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NVDA NVIDIA CORP | COMPLIANT | 0.47% | AAOIFI1.1% Usmani12.1% Dow Jones Islamic0.9% S&P Shariah1.1% MSCI Islamic12.1% MSCI Islamic M-Series1.1% FTSE Shariah10.4% |
| Government National Mortgage Association | NON_COMPLIANT | 0.47% | no in-house ratios for this holding |
| Government National Mortgage Association | NON_COMPLIANT | 0.46% | no in-house ratios for this holding |
| CARDS II Trust | UNSCREENED | 0.46% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.46% | no in-house ratios for this holding |
| Santander Drive Auto Receivables Trust | UNSCREENED | 0.45% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.45% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.45% | no in-house ratios for this holding |
| Santander Drive Auto Receivables Trust | UNSCREENED | 0.45% | no in-house ratios for this holding |
| AmeriCredit Automobile Receivables Trust | UNSCREENED | 0.45% | no in-house ratios for this holding |
| NextGear Floorplan Master Owner Trust | UNSCREENED | 0.44% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.42% | no in-house ratios for this holding |
| BX Trust | UNSCREENED | 0.40% | no in-house ratios for this holding |
| Nelnet Student Loan Trust | UNSCREENED | 0.40% | no in-house ratios for this holding |
| BHMS Mortgage Trust | UNSCREENED | 0.40% | no in-house ratios for this holding |
| Drive Auto Receivables Trust | UNSCREENED | 0.40% | no in-house ratios for this holding |
| Stellantis Financial Underwritten Enhanced Lease Trust | UNSCREENED | 0.40% | no in-house ratios for this holding |
| PFS Financing Corp. | UNSCREENED | 0.40% | no in-house ratios for this holding |
| GM General Motors | NON_COMPLIANT | 0.39% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| Freddie Mac | NON_COMPLIANT | 0.39% | no in-house ratios for this holding |
| Navient Student Loan Trust | UNSCREENED | 0.39% | no in-house ratios for this holding |
| Santander Drive Auto Receivables Trust | UNSCREENED | 0.36% | no in-house ratios for this holding |
| Drive Auto Receivables Trust | UNSCREENED | 0.36% | no in-house ratios for this holding |
| BANK OF NEW ZEALAND | UNSCREENED | 0.35% | no in-house ratios for this holding |
| LLY ELI LILLY & CO | COMPLIANT | 0.35% | AAOIFI5.2% Usmani38.6% Dow Jones Islamic6.4% S&P Shariah6.9% MSCI Islamic38.6% MSCI Islamic M-Series6.9% FTSE Shariah38.6% |
| CATERPILLAR FINL SERVICE | UNSCREENED | 0.35% | no in-house ratios for this holding |
| PNC FINANCIAL SERVICES | UNSCREENED | 0.35% | no in-house ratios for this holding |
| BAC BANK OF AMERICA CORP | NON_COMPLIANT | 0.35% | AAOIFI77.5% Usmani9.7% Dow Jones Islamic95.9% S&P Shariah105.7% MSCI Islamic9.7% MSCI Islamic M-Series105.7% FTSE Shariah9.7% |
| CRM SALESFORCE INC | COMPLIANT | 0.35% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| Freddie Mac | NON_COMPLIANT | 0.35% | no in-house ratios for this holding |
| MANUF & TRADERS TRUST CO | UNSCREENED | 0.35% | no in-house ratios for this holding |
| ORCL ORACLE CORP | NON_COMPLIANT | 0.35% | AAOIFI34.1% Usmani64.0% Dow Jones Islamic30.7% S&P Shariah35.2% MSCI Islamic61.0% MSCI Islamic M-Series35.2% FTSE Shariah49.5% |
| Fannie Mae | NON_COMPLIANT | 0.35% | no in-house ratios for this holding |
| The Huntington National Bank | UNSCREENED | 0.35% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.35% | no in-house ratios for this holding |
| Drive Auto Receivables Trust | UNSCREENED | 0.35% | no in-house ratios for this holding |
| Enterprise Fleet Financing LLC | UNSCREENED | 0.34% | no in-house ratios for this holding |
| FHLMC Multifamily Structured Pass Through Certs. | NON_COMPLIANT | 0.34% | no in-house ratios for this holding |
| Government National Mortgage Association | NON_COMPLIANT | 0.33% | no in-house ratios for this holding |
| Truist Bank Auto Credit-Linked Notes | UNSCREENED | 0.33% | no in-house ratios for this holding |
| CARDS II Trust | UNSCREENED | 0.33% | no in-house ratios for this holding |
| Trillium Credit Card Trust II | UNSCREENED | 0.33% | no in-house ratios for this holding |
| MERCEDES-BENZ FIN NA | UNSCREENED | 0.33% | no in-house ratios for this holding |
| SPACE EXPLORATION TECH | UNSCREENED | 0.32% | no in-house ratios for this holding |
| CARDS II Trust | UNSCREENED | 0.32% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.32% | no in-house ratios for this holding |
| Santander Drive Auto Receivables Trust | UNSCREENED | 0.32% | no in-house ratios for this holding |
| Santander Drive Auto Receivables Trust | UNSCREENED | 0.32% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.32% | no in-house ratios for this holding |
| NextGear Floorplan Master Owner Trust | UNSCREENED | 0.31% | no in-house ratios for this holding |
| Stellantis Financial Underwritten Enhanced Lease Trust | UNSCREENED | 0.31% | no in-house ratios for this holding |
| NextGear Floorplan Master Owner Trust | UNSCREENED | 0.31% | no in-house ratios for this holding |
| WFC WELLS FARGO & COMPANY | NON_COMPLIANT | 0.31% | AAOIFI80.2% Usmani9.1% Dow Jones Islamic84.8% S&P Shariah93.9% MSCI Islamic9.1% MSCI Islamic M-Series93.9% FTSE Shariah9.1% |
| Chase Mortgage Finance Corporation | UNSCREENED | 0.31% | no in-house ratios for this holding |
| Verizon Master Trust | UNSCREENED | 0.30% | no in-house ratios for this holding |
| FHLMC Multifamily Structured Pass Through Certs. | NON_COMPLIANT | 0.30% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.30% | no in-house ratios for this holding |
| DAIMLER TRUCK FINAN NA | UNSCREENED | 0.30% | no in-house ratios for this holding |
| JPM JPMORGAN CHASE & CO | NON_COMPLIANT | 0.29% | AAOIFI7.7% Usmani1.4% Dow Jones Islamic9.5% S&P Shariah10.7% MSCI Islamic1.4% MSCI Islamic M-Series10.7% FTSE Shariah1.4% |
| FS Trust | UNSCREENED | 0.29% | no in-house ratios for this holding |
| Tesla Auto Lease Trust | UNSCREENED | 0.29% | no in-house ratios for this holding |
| Fannie Mae - CAS | NON_COMPLIANT | 0.29% | no in-house ratios for this holding |
| GS GOLDMAN SACHS GROUP INC | NON_COMPLIANT | 0.29% | AAOIFI147.5% Usmani20.6% Dow Jones Islamic194.6% S&P Shariah229.2% MSCI Islamic20.6% MSCI Islamic M-Series229.2% FTSE Shariah20.6% |
| Fannie Mae | NON_COMPLIANT | 0.29% | no in-house ratios for this holding |
| Ford Credit Floorplan Master Owner Trust | UNSCREENED | 0.28% | no in-house ratios for this holding |
| NextGear Floorplan Master Owner Trust | UNSCREENED | 0.28% | no in-house ratios for this holding |
| AmeriCredit Automobile Receivables Trust | UNSCREENED | 0.28% | no in-house ratios for this holding |
| SFS Auto Receivables Securitization Trust | UNSCREENED | 0.28% | no in-house ratios for this holding |
| Waikiki Beach Hotel Trust | UNSCREENED | 0.28% | no in-house ratios for this holding |
| GREAT AMERICA LEASING RECEIVABLES | UNSCREENED | 0.28% | no in-house ratios for this holding |
| Drive Auto Receivables Trust | UNSCREENED | 0.27% | no in-house ratios for this holding |
| Hyundai Auto Receivables Trust | UNSCREENED | 0.27% | no in-house ratios for this holding |
| ORCL ORACLE CORP | NON_COMPLIANT | 0.27% | AAOIFI34.1% Usmani64.0% Dow Jones Islamic30.7% S&P Shariah35.2% MSCI Islamic61.0% MSCI Islamic M-Series35.2% FTSE Shariah49.5% |
| Fannie Mae - CAS | NON_COMPLIANT | 0.26% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.26% | no in-house ratios for this holding |
| GM Financial Automobile Leasing Trust | UNSCREENED | 0.26% | no in-house ratios for this holding |
| NextGear Floorplan Master Owner Trust | UNSCREENED | 0.26% | no in-house ratios for this holding |
| HPEFS Equipment Trust | UNSCREENED | 0.26% | no in-house ratios for this holding |
| JW Commercial Mortgage Trust | UNSCREENED | 0.26% | no in-house ratios for this holding |
| Evergreen Credit Card Trust | UNSCREENED | 0.26% | no in-house ratios for this holding |
| Verizon Master Trust | UNSCREENED | 0.25% | no in-house ratios for this holding |
| HPEFS Equipment Trust | UNSCREENED | 0.25% | no in-house ratios for this holding |
| Ford Credit Auto Lease Trust | UNSCREENED | 0.24% | no in-house ratios for this holding |
| Stellantis Financial Underwritten Enhanced Lease Trust | UNSCREENED | 0.24% | no in-house ratios for this holding |
| HYUNDAI CAPITAL AMERICA | UNSCREENED | 0.24% | no in-house ratios for this holding |
| AUST & NZ BANKING GROUP | UNSCREENED | 0.24% | no in-house ratios for this holding |
| TD TORONTO-DOMINION BANK | NON_COMPLIANT | 0.24% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| GENERAL MOTORS FINL CO | UNSCREENED | 0.24% | no in-house ratios for this holding |
| BNP.PA BNP PARIBAS | NON_COMPLIANT | 0.24% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ACA.PA CREDIT AGRICOLE SA | NON_COMPLIANT | 0.24% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AMZN AMAZON.COM INC | QUESTIONABLE | 0.24% | AAOIFI8.2% Usmani22.1% Dow Jones Islamic9.6% S&P Shariah10.6% MSCI Islamic20.9% MSCI Islamic M-Series10.6% FTSE Shariah12.1% |
| GENERAL MOTORS FINL CO | UNSCREENED | 0.24% | no in-house ratios for this holding |
| RY ROYAL BANK OF CANADA | COMPLIANT | 0.24% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| GLE.PA SOCIETE GENERALE | NON_COMPLIANT | 0.24% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| DEUTSCHE BANK NY | UNSCREENED | 0.24% | no in-house ratios for this holding |
| MASSMUTUAL GLOBAL FUNDIN | UNSCREENED | 0.24% | no in-house ratios for this holding |
| GENERAL MOTORS FINL CO | UNSCREENED | 0.24% | no in-house ratios for this holding |
| AMERICAN HONDA FINANCE | UNSCREENED | 0.24% | no in-house ratios for this holding |
| FORD MOTOR CREDIT CO LLC | UNSCREENED | 0.24% | no in-house ratios for this holding |
| CANADIAN IMPERIAL BANK | UNSCREENED | 0.24% | no in-house ratios for this holding |
| BAC BANK OF AMERICA CORP | NON_COMPLIANT | 0.24% | AAOIFI77.5% Usmani9.7% Dow Jones Islamic95.9% S&P Shariah105.7% MSCI Islamic9.7% MSCI Islamic M-Series105.7% FTSE Shariah9.7% |
| UBSG.SW UBS GROUP AG | NON_COMPLIANT | 0.24% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TRUIST BANK | UNSCREENED | 0.24% | no in-house ratios for this holding |
| BMO.TO BANK OF MONTREAL | NON_COMPLIANT | 0.24% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TOYOTA MOTOR CREDIT CORP | UNSCREENED | 0.24% | no in-house ratios for this holding |
| AMERICAN HONDA FINANCE | UNSCREENED | 0.24% | no in-house ratios for this holding |
| SRE SEMPRA | NON_COMPLIANT | 0.24% | AAOIFI65.2% Usmani32.7% Dow Jones Islamic66.4% S&P Shariah71.2% MSCI Islamic31.6% MSCI Islamic M-Series71.2% FTSE Shariah30.4% |
| US BANK NA CINCINNATI | UNSCREENED | 0.24% | no in-house ratios for this holding |
| 8604.T NOMURA HOLDINGS INC | NON_COMPLIANT | 0.24% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| MRK MERCK & CO INC | COMPLIANT | 0.24% | AAOIFI14.7% Usmani41.5% Dow Jones Islamic21.8% S&P Shariah20.9% MSCI Islamic41.5% MSCI Islamic M-Series20.9% FTSE Shariah41.5% |
| TRUIST BANK | UNSCREENED | 0.24% | no in-house ratios for this holding |
| NEW YORK LIFE GLOBAL FDG | UNSCREENED | 0.24% | no in-house ratios for this holding |
| AUGUSTA SPINCO CORPORATI | UNSCREENED | 0.23% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.23% | no in-house ratios for this holding |
| CONSTELLATION EN GEN LLC | UNSCREENED | 0.23% | no in-house ratios for this holding |
| NISSAN MOTOR ACCEPTANCE | UNSCREENED | 0.23% | no in-house ratios for this holding |
| NA.TO NATIONAL BANK OF CANADA | NON_COMPLIANT | 0.23% | AAOIFI133.1% Usmani18.9% Dow Jones Islamic— S&P Shariah— MSCI Islamic18.8% MSCI Islamic M-Series— FTSE Shariah18.8% |
| AMERICAN HONDA FINANCE | UNSCREENED | 0.23% | no in-house ratios for this holding |
| ENB.TO ENBRIDGE INC | NON_COMPLIANT | 0.23% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AMZN AMAZON.COM INC | QUESTIONABLE | 0.23% | AAOIFI8.2% Usmani22.1% Dow Jones Islamic9.6% S&P Shariah10.6% MSCI Islamic20.9% MSCI Islamic M-Series10.6% FTSE Shariah12.1% |
| CNH INDUSTRIAL CAP LLC | UNSCREENED | 0.23% | no in-house ratios for this holding |
| PNW PINNACLE WEST CAPITAL | NON_COMPLIANT | 0.23% | AAOIFI132.7% Usmani48.2% Dow Jones Islamic147.1% S&P Shariah162.0% MSCI Islamic48.2% MSCI Islamic M-Series162.0% FTSE Shariah32.4% |
| ABBV ABBVIE INC | COMPLIANT | 0.23% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| FHLMC Multifamily Structured Pass Through Certs. | NON_COMPLIANT | 0.23% | no in-house ratios for this holding |
| GPN GLOBAL PAYMENTS INC | NON_COMPLIANT | 0.23% | AAOIFI95.7% Usmani36.9% Dow Jones Islamic108.0% S&P Shariah96.7% MSCI Islamic36.9% MSCI Islamic M-Series96.7% FTSE Shariah36.9% |
| AMERICAN HONDA FINANCE | UNSCREENED | 0.23% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.23% | no in-house ratios for this holding |
| Hyundai Auto Receivables Trust | UNSCREENED | 0.22% | no in-house ratios for this holding |
| JP Morgan Mortgage Trust | UNSCREENED | 0.22% | no in-house ratios for this holding |
| SMB Private Education Loan Trust | UNSCREENED | 0.22% | no in-house ratios for this holding |
| GS GOLDMAN SACHS GROUP INC | NON_COMPLIANT | 0.22% | AAOIFI147.5% Usmani20.6% Dow Jones Islamic194.6% S&P Shariah229.2% MSCI Islamic20.6% MSCI Islamic M-Series229.2% FTSE Shariah20.6% |
| Nissan Auto Lease Trust | UNSCREENED | 0.22% | no in-house ratios for this holding |
| PNC FINANCIAL SERVICES | UNSCREENED | 0.22% | no in-house ratios for this holding |
| NATWEST MARKETS PLC | UNSCREENED | 0.21% | no in-house ratios for this holding |
| TEXAS Commercial Mortgage Trust | UNSCREENED | 0.21% | no in-house ratios for this holding |
| Verizon Master Trust | UNSCREENED | 0.21% | no in-house ratios for this holding |
| FHLMC Multifamily Structured Pass Through Certs. | NON_COMPLIANT | 0.21% | no in-house ratios for this holding |
| Hyundai Auto Receivables Trust | UNSCREENED | 0.21% | no in-house ratios for this holding |
| Verizon Master Trust | UNSCREENED | 0.21% | no in-house ratios for this holding |
| FIFTH THIRD BANK INC | UNSCREENED | 0.21% | no in-house ratios for this holding |
| FHLMC Multifamily Structured Pass Through Certs. | NON_COMPLIANT | 0.21% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.21% | no in-house ratios for this holding |
| META META PLATFORMS INC | QUESTIONABLE | 0.20% | AAOIFI7.2% Usmani25.0% Dow Jones Islamic7.0% S&P Shariah7.9% MSCI Islamic25.0% MSCI Islamic M-Series7.9% FTSE Shariah18.6% |
| PM PHILIP MORRIS INTL INC | NON_COMPLIANT | 0.20% | AAOIFI16.1% Usmani66.9% Dow Jones Islamic18.9% S&P Shariah22.1% MSCI Islamic66.9% MSCI Islamic M-Series22.1% FTSE Shariah66.9% |
| Verizon Master Trust | UNSCREENED | 0.20% | no in-house ratios for this holding |
| LEIDOS INC | UNSCREENED | 0.19% | no in-house ratios for this holding |
| American Express Credit Account Master Trust | UNSCREENED | 0.19% | no in-house ratios for this holding |
| C CITIGROUP INC | NON_COMPLIANT | 0.19% | AAOIFI159.2% Usmani13.8% Dow Jones Islamic214.6% S&P Shariah251.0% MSCI Islamic13.8% MSCI Islamic M-Series251.0% FTSE Shariah13.8% |
| TOYOTA MOTOR CREDIT CORP | UNSCREENED | 0.19% | no in-house ratios for this holding |
| HYUNDAI CAPITAL AMERICA | UNSCREENED | 0.19% | no in-house ratios for this holding |
| First National Master Note Trust | UNSCREENED | 0.19% | no in-house ratios for this holding |
| PFS Financing Corp. | UNSCREENED | 0.19% | no in-house ratios for this holding |
| US BANK NA CINCINNATI | UNSCREENED | 0.19% | no in-house ratios for this holding |
| GOLDMAN SACHS BANK USA | UNSCREENED | 0.19% | no in-house ratios for this holding |
| Boca Commercial Mortgage Trust | UNSCREENED | 0.19% | no in-house ratios for this holding |
| GREAT AMERICA LEASING RECEIVABLES | UNSCREENED | 0.19% | no in-house ratios for this holding |
| SUMISHO AIR LEASE CORP | UNSCREENED | 0.19% | no in-house ratios for this holding |
| HONA HONEYWELL AEROSPACE INC | COMPLIANT | 0.19% | AAOIFI32.8% Usmani83.4% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic83.4% MSCI Islamic M-Seriespass FTSE Shariah81.8% |
| Verizon Master Trust | UNSCREENED | 0.19% | no in-house ratios for this holding |
| HPEFS Equipment Trust | UNSCREENED | 0.18% | no in-house ratios for this holding |
| MET LIFE GLOB FUNDING I | UNSCREENED | 0.18% | no in-house ratios for this holding |
| CITIBANK NA | UNSCREENED | 0.18% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.18% | no in-house ratios for this holding |
| NISSAN MOTOR ACCEPTANCE | UNSCREENED | 0.18% | no in-house ratios for this holding |
| Stellantis Financial Underwritten Enhanced Lease Trust | UNSCREENED | 0.18% | no in-house ratios for this holding |
| Wheels Fleet Lease Funding LLC | UNSCREENED | 0.18% | no in-house ratios for this holding |
| Dell Equipment Finance Trust | UNSCREENED | 0.18% | no in-house ratios for this holding |
| CARDS II Trust | UNSCREENED | 0.17% | no in-house ratios for this holding |
| BLACK HILLS CORP | UNSCREENED | 0.17% | no in-house ratios for this holding |
| NEXTERA ENERGY CAPITAL | UNSCREENED | 0.17% | no in-house ratios for this holding |
| Trillium Credit Card Trust II | UNSCREENED | 0.17% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.17% | no in-house ratios for this holding |
| Ally Bank Auto Credit-Linked Notes | UNSCREENED | 0.17% | no in-house ratios for this holding |
| AERCAP IRELAND CAP/GLOBA | UNSCREENED | 0.17% | no in-house ratios for this holding |
| CarMax Auto Owner Trust | UNSCREENED | 0.17% | no in-house ratios for this holding |
| Securitized Term Auto Receivables Trust | UNSCREENED | 0.17% | no in-house ratios for this holding |
| Hyundai Auto Receivables Trust | UNSCREENED | 0.17% | no in-house ratios for this holding |
| SFS Auto Receivables Securitization Trust | UNSCREENED | 0.17% | no in-house ratios for this holding |
| NAB.AX NATIONAL AUSTRALIA BANK | NON_COMPLIANT | 0.17% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ENEL FINANCE INTL NV | UNSCREENED | 0.17% | no in-house ratios for this holding |
| GECU Auto Receivables Trust | UNSCREENED | 0.17% | no in-house ratios for this holding |
| SUMISHO AIR LEASE CORP | UNSCREENED | 0.17% | no in-house ratios for this holding |
| GOOG ALPHABET INC | QUESTIONABLE | 0.17% | AAOIFI2.9% Usmani13.1% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic12.8% MSCI Islamic M-Series4.5% FTSE Shariah10.9% |
| JW Commercial Mortgage Trust | UNSCREENED | 0.17% | no in-house ratios for this holding |
| TOYOTA MOTOR CREDIT CORP | UNSCREENED | 0.16% | no in-house ratios for this holding |
| Hyundai Auto Lease Securitization Trust | UNSCREENED | 0.16% | no in-house ratios for this holding |
| Navient Student Loan Trust | UNSCREENED | 0.16% | no in-house ratios for this holding |
| STELLANTIS FINANCIAL SER | UNSCREENED | 0.16% | no in-house ratios for this holding |
| MET LIFE GLOB FUNDING I | UNSCREENED | 0.16% | no in-house ratios for this holding |
| Tesla Auto Lease Trust | UNSCREENED | 0.16% | no in-house ratios for this holding |
| GPN GLOBAL PAYMENTS INC | NON_COMPLIANT | 0.16% | AAOIFI95.7% Usmani36.9% Dow Jones Islamic108.0% S&P Shariah96.7% MSCI Islamic36.9% MSCI Islamic M-Series96.7% FTSE Shariah36.9% |
| GM General Motors | NON_COMPLIANT | 0.16% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| Chase Auto Owner Trust | UNSCREENED | 0.16% | no in-house ratios for this holding |
| SBNA Auto Receivables Trust | UNSCREENED | 0.16% | no in-house ratios for this holding |
| FHLMC Multifamily Structured Pass Through Certs. | NON_COMPLIANT | 0.15% | no in-house ratios for this holding |
| Verizon Master Trust | UNSCREENED | 0.15% | no in-house ratios for this holding |
| Evergreen Credit Card Trust | UNSCREENED | 0.15% | no in-house ratios for this holding |
| ORA.PA ORANGE SA | NON_COMPLIANT | 0.15% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| TOYOTA MOTOR CREDIT CORP | UNSCREENED | 0.15% | no in-house ratios for this holding |
| Evergreen Credit Card Trust | UNSCREENED | 0.15% | no in-house ratios for this holding |
| SFS Auto Receivables Securitization Trust | UNSCREENED | 0.15% | no in-house ratios for this holding |
| DELL INT LLC / EMC CORP | UNSCREENED | 0.15% | no in-house ratios for this holding |
| CANADIAN IMPERIAL BANK | UNSCREENED | 0.15% | no in-house ratios for this holding |
| Santander Bank Auto Credit-Linked Notes | UNSCREENED | 0.15% | no in-house ratios for this holding |
| TSN TYSON FOODS INC | NON_COMPLIANT | 0.15% | AAOIFI45.2% Usmani22.5% Dow Jones Islamic40.2% S&P Shariah41.7% MSCI Islamic22.5% MSCI Islamic M-Series41.7% FTSE Shariah22.5% |
| AIRCASTLE / IRELAND DAC | UNSCREENED | 0.15% | no in-house ratios for this holding |
| STAN.L STANDARD CHARTERED PLC | NON_COMPLIANT | 0.15% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| GM Financial Consumer Automobile Receivables Trust | UNSCREENED | 0.14% | no in-house ratios for this holding |
| SBNA Auto Receivables Trust | UNSCREENED | 0.14% | no in-house ratios for this holding |
| AXP AMERICAN EXPRESS CO | NON_COMPLIANT | 0.14% | AAOIFI26.8% Usmani19.2% Dow Jones Islamic27.4% S&P Shariah30.8% MSCI Islamic19.2% MSCI Islamic M-Series30.8% FTSE Shariah19.2% |
| MORGAN STANLEY BANK NA | UNSCREENED | 0.14% | no in-house ratios for this holding |
| HYUNDAI CAPITAL AMERICA | UNSCREENED | 0.14% | no in-house ratios for this holding |
| MET TOWER GLOBAL FUNDING | UNSCREENED | 0.14% | no in-house ratios for this holding |
| WELLS FARGO BANK NA | UNSCREENED | 0.14% | no in-house ratios for this holding |
| PFS Financing Corp. | UNSCREENED | 0.14% | no in-house ratios for this holding |
| MORGAN STANLEY PVT BANK | UNSCREENED | 0.14% | no in-house ratios for this holding |
| Evergreen Credit Card Trust | UNSCREENED | 0.14% | no in-house ratios for this holding |
| Nissan Auto Lease Trust | UNSCREENED | 0.14% | no in-house ratios for this holding |
| MORGAN STANLEY PVT BANK | UNSCREENED | 0.14% | no in-house ratios for this holding |
| Trillium Credit Card Trust II | UNSCREENED | 0.14% | no in-house ratios for this holding |
The published standards disagree about this fund by 2 points of portfolio weight — 3.7% of it passes Dow Jones Islamic, 2.1% 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 3.1% ratios fail on 10.7% 86.3% not rated under AAOIFI
ratios pass on 2.3% ratios fail on 8.2% 89.6% not rated under Usmani
ratios pass on 3.7% ratios fail on 9.9% 86.5% not rated under Dow Jones Islamic
ratios pass on 3.0% ratios fail on 9.7% 87.4% not rated under S&P Shariah
ratios pass on 2.1% ratios fail on 8.3% 89.7% not rated under MSCI Islamic
ratios pass on 3.0% ratios fail on 10.6% 86.5% not rated under MSCI Islamic M-Series
ratios pass on 2.7% ratios fail on 7.9% 89.5% not rated under FTSE Shariah
57 of 548 listed holdings carry our own per-methodology verdicts (14% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 42 (11% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| United States Treasury | 2.36% |
| Government National Mortgage Association | 0.77% |
| Government National Mortgage Association | 0.65% |
| Government National Mortgage Association | 0.64% |
| Fannie Mae | 0.62% |
| Fannie Mae | 0.59% |
| United States Treasury | 0.59% |
| United States Treasury | 0.58% |
| Freddie Mac | 0.58% |
| United States Treasury | 0.58% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Federated Hermes Ultrashort Bond Fund (FULAX) 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 |
|---|---|---|
| FEDERATED HERMES MONEY MARKET OBLIGATIONS TRUSTnot matched to a ticker | 3.97% | Not screened |
| Federated Core Trust - Federated Bank Loan Core Fundnot matched to a ticker | 3.51% | Not screened |
| Federated Core Trust III - Federated Project and Trade Finance Core Fundnot matched to a ticker | 2.51% | Not screened |
| United States Treasurynot matched to a ticker | 2.36% | Non-compliant |
| PRUDENTIAL QMA STRAT VAL-not matched to a ticker | 1.00% | Not screened |
| Government National Mortgage Associationnot matched to a ticker | 0.77% | Non-compliant |
| Government National Mortgage Associationnot matched to a ticker | 0.65% | Non-compliant |
| Government National Mortgage Associationnot matched to a ticker | 0.64% | Non-compliant |
| Fannie Maenot matched to a ticker | 0.62% | Non-compliant |
| Fannie Maenot matched to a ticker | 0.59% | Non-compliant |
Top 10 of 548 holdings, 16.6% 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 FULAX. 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 2 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) | 33.40 | NEUTRAL |
| Stochastic %K (14) | 0.00 | BUY |
| CCI (20) | -73.77 | NEUTRAL |
| Williams %R (14) | -100.00 | BUY |
| MACD (12,26,9) | -0.00 | SELL |
| ROC (10) | -0.11 | SELL |
| Momentum (10) | -0.01 | SELL |
| EMA (10) | 9.22 | SELL |
| SMA (10) | 9.22 | SELL |
| EMA (20) | 9.23 | SELL |
| SMA (20) | 9.23 | SELL |
| EMA (30) | 9.24 | SELL |
| SMA (30) | 9.25 | SELL |
| EMA (50) | 9.23 | SELL |
| SMA (50) | 9.25 | SELL |
| EMA (100) | 9.21 | BUY |
| SMA (100) | 9.22 | SELL |
| EMA (200) | 9.16 | BUY |
| SMA (200) | 9.16 | 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.