Verdicts genuinely change. Free email alert the moment FXED'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.
Sound Enhanced Fixed Income ETF · Tidal Trust I
60 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 128% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT At least 50.81% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 75% turns out to be. Matching more holdings can only raise this share, never lower it.
60 holdings, 33 matched (41% of weight). Portfolio as of 2026-05-31, filed 2026-07-29. Source: SEC Form N-PORT.
18.34% of this portfolio’s income is non-permissible — weighted across holdings, computed over 27% of portfolio weight (22 of 60 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 |
|---|---|---|---|
| Mount Vernon Liquid Assets Portfolio, LLC | UNSCREENED | 29.40% | no in-house ratios for this holding |
| Ares Capital Corp | UNSCREENED | 3.15% | no in-house ratios for this holding |
| iShares 0-5 Year High Yield Co | UNSCREENED | 3.11% | no in-house ratios for this holding |
| HTGC Hercules Capital Inc | NON_COMPLIANT | 2.99% | AAOIFI70.8% Usmani49.8% Dow Jones Islamic82.8% S&P Shariah90.0% MSCI Islamic49.8% MSCI Islamic M-Series90.0% FTSE Shariah49.8% |
| AllianceBernstein Global High | UNSCREENED | 2.92% | no in-house ratios for this holding |
| iShares J.P. Morgan EM High Yi | UNSCREENED | 2.91% | no in-house ratios for this holding |
| SPG Simon Property Group Inc | NON_COMPLIANT | 2.68% | AAOIFI42.4% Usmani72.3% Dow Jones Islamic57.5% S&P Shariah63.8% MSCI Islamic72.3% MSCI Islamic M-Series63.8% FTSE Shariah72.3% |
| GBDC Golub Capital BDC Inc | NON_COMPLIANT | 2.63% | AAOIFI136.7% Usmani54.4% Dow Jones Islamic133.8% S&P Shariah153.0% MSCI Islamic54.4% MSCI Islamic M-Series153.0% FTSE Shariah54.4% |
| JPM JPMORGAN CHASE & CO | NON_COMPLIANT | 2.45% | AAOIFI7.7% Usmani1.4% Dow Jones Islamic9.5% S&P Shariah10.7% MSCI Islamic1.4% MSCI Islamic M-Series10.7% FTSE Shariah1.4% |
| GOODYEAR TIRE & RUBBER | UNSCREENED | 2.45% | no in-house ratios for this holding |
| Invesco Emerging Markets Sovereign Debt ETF | UNSCREENED | 2.33% | no in-house ratios for this holding |
| TSLX Sixth Street Specialty Lending | NON_COMPLIANT | 2.30% | AAOIFI109.8% Usmani54.3% Dow Jones Islamic106.8% S&P Shariah113.3% MSCI Islamic54.3% MSCI Islamic M-Series113.3% FTSE Shariah54.3% |
| CMS CMS Energy Corp | NON_COMPLIANT | 2.27% | AAOIFI89.2% Usmani47.2% Dow Jones Islamic90.3% S&P Shariah98.1% MSCI Islamic46.5% MSCI Islamic M-Series98.1% FTSE Shariah46.5% |
| TARGA RESOURCES PARTNERS | UNSCREENED | 2.23% | no in-house ratios for this holding |
| NFG NATIONAL FUEL GAS CO | NON_COMPLIANT | 2.23% | AAOIFI44.7% Usmani34.1% Dow Jones Islamic50.5% S&P Shariah57.4% MSCI Islamic34.1% MSCI Islamic M-Series57.4% FTSE Shariah34.1% |
| BAC BANK OF AMERICA CORP | NON_COMPLIANT | 2.21% | AAOIFI77.5% Usmani9.7% Dow Jones Islamic95.9% S&P Shariah105.7% MSCI Islamic9.7% MSCI Islamic M-Series105.7% FTSE Shariah9.7% |
| HILTON DOMESTIC OPERATIN | UNSCREENED | 2.19% | no in-house ratios for this holding |
| PennantPark Floating Rate Capi | UNSCREENED | 2.17% | no in-house ratios for this holding |
| VanEck Emerging Markets High Y | UNSCREENED | 2.16% | no in-house ratios for this holding |
| TFC TRUIST FINANCIAL CORP | NON_COMPLIANT | 2.10% | AAOIFI110.7% Usmani12.6% Dow Jones Islamic124.2% S&P Shariah135.1% MSCI Islamic12.6% MSCI Islamic M-Series135.1% FTSE Shariah12.6% |
| UNITED RENTALS NORTH AM | UNSCREENED | 2.05% | no in-house ratios for this holding |
| ALL Allstate Corp/The | NON_COMPLIANT | 2.00% | AAOIFI11.4% Usmani6.0% Dow Jones Islamic14.1% S&P Shariah15.6% MSCI Islamic6.0% MSCI Islamic M-Series15.6% FTSE Shariah6.0% |
| Apache Corp | UNSCREENED | 1.99% | no in-house ratios for this holding |
| AMERICAN AXLE & MFG INC | UNSCREENED | 1.98% | no in-house ratios for this holding |
| SO Southern Co/The | NON_COMPLIANT | 1.97% | AAOIFI68.7% Usmani45.3% Dow Jones Islamic72.3% S&P Shariah78.7% MSCI Islamic44.8% MSCI Islamic M-Series78.7% FTSE Shariah43.8% |
| WFC Wells Fargo & Co | NON_COMPLIANT | 1.95% | AAOIFI80.2% Usmani9.1% Dow Jones Islamic84.8% S&P Shariah93.9% MSCI Islamic9.1% MSCI Islamic M-Series93.9% FTSE Shariah9.1% |
| ASB Associated Banc-Corp | NON_COMPLIANT | 1.95% | AAOIFI97.1% Usmani11.0% Dow Jones Islamic139.7% S&P Shariah156.7% MSCI Islamic11.0% MSCI Islamic M-Series156.7% FTSE Shariah11.0% |
| AEGON Funding Co LLC | UNSCREENED | 1.94% | no in-house ratios for this holding |
| T AT&T Inc | NON_COMPLIANT | 1.90% | AAOIFI92.9% Usmani38.0% Dow Jones Islamic94.4% S&P Shariah107.8% MSCI Islamic38.0% MSCI Islamic M-Series107.8% FTSE Shariah33.6% |
| DELL INC | UNSCREENED | 1.89% | no in-house ratios for this holding |
| MET METLIFE INC | NON_COMPLIANT | 1.88% | AAOIFI47.5% Usmani3.9% Dow Jones Islamic56.2% S&P Shariah58.5% MSCI Islamic3.9% MSCI Islamic M-Series58.5% FTSE Shariah3.9% |
| COF Capital One Financial Corp | NON_COMPLIANT | 1.88% | AAOIFI38.5% Usmani7.6% Dow Jones Islamic49.3% S&P Shariah60.5% MSCI Islamic7.6% MSCI Islamic M-Series60.5% FTSE Shariah7.6% |
| RDN RADIAN GROUP INC | NON_COMPLIANT | 1.83% | AAOIFI25.4% Usmani11.6% Dow Jones Islamic26.6% S&P Shariah27.5% MSCI Islamic11.6% MSCI Islamic M-Series27.5% FTSE Shariah11.6% |
| MS MORGAN STANLEY | NON_COMPLIANT | 1.73% | AAOIFI115.6% Usmani23.4% Dow Jones Islamic161.6% S&P Shariah189.1% MSCI Islamic23.4% MSCI Islamic M-Series189.1% FTSE Shariah23.4% |
| MS MORGAN STANLEY | NON_COMPLIANT | 1.73% | AAOIFI115.6% Usmani23.4% Dow Jones Islamic161.6% S&P Shariah189.1% MSCI Islamic23.4% MSCI Islamic M-Series189.1% FTSE Shariah23.4% |
| DAN DANA INC | NON_COMPLIANT | 1.60% | AAOIFI42.8% Usmani24.1% Dow Jones Islamic58.3% S&P Shariah64.9% MSCI Islamic24.1% MSCI Islamic M-Series64.9% FTSE Shariah21.5% |
| First American Government Obli | UNSCREENED | 1.48% | no in-house ratios for this holding |
| OHI Omega Healthcare Investors Inc | NON_COMPLIANT | 1.40% | AAOIFI30.5% Usmani42.9% Dow Jones Islamic37.6% S&P Shariah43.5% MSCI Islamic42.9% MSCI Islamic M-Series43.5% FTSE Shariah42.9% |
| EXE EXPAND ENERGY CORP | COMPLIANT | 1.38% | AAOIFI22.5% Usmani17.3% Dow Jones Islamic22.5% S&P Shariah27.7% MSCI Islamic17.3% MSCI Islamic M-Series27.7% FTSE Shariah17.0% |
| VICI VICI Properties Inc | NON_COMPLIANT | 1.36% | AAOIFI57.8% Usmani35.1% Dow Jones Islamic55.7% S&P Shariah58.1% MSCI Islamic35.1% MSCI Islamic M-Series58.1% FTSE Shariah35.1% |
| PBF HOLDING CO LLC | UNSCREENED | 1.34% | no in-house ratios for this holding |
| O Realty Income Corp | NON_COMPLIANT | 1.28% | AAOIFI3.5% Usmani2.6% Dow Jones Islamic4.0% S&P Shariah4.3% MSCI Islamic2.6% MSCI Islamic M-Series4.3% FTSE Shariah2.6% |
| HUNTSMAN INTERNATIONAL L | UNSCREENED | 1.23% | no in-house ratios for this holding |
| Alpine Income Property Trust I | UNSCREENED | 1.16% | no in-house ratios for this holding |
| Invesco Global Ex US High Yiel | UNSCREENED | 0.91% | no in-house ratios for this holding |
| BondBloxx CCC-Rated USD High Yield Corporate Bond | UNSCREENED | 0.91% | no in-house ratios for this holding |
| TRIN Trinity Capital Inc | NON_COMPLIANT | 0.87% | AAOIFI87.1% Usmani54.0% Dow Jones Islamic153.3% S&P Shariah186.5% MSCI Islamic54.0% MSCI Islamic M-Series186.5% FTSE Shariah54.0% |
| Blackstone Secured Lending Fun | UNSCREENED | 0.87% | no in-house ratios for this holding |
| OWL Blue Owl Capital Corp | NON_COMPLIANT | 0.82% | AAOIFI21.8% Usmani30.9% Dow Jones Islamic16.0% S&P Shariah16.4% MSCI Islamic30.9% MSCI Islamic M-Series16.4% FTSE Shariah30.9% |
| NNN REIT Inc | UNSCREENED | 0.78% | no in-house ratios for this holding |
| MUR MURPHY OIL CORP | NON_COMPLIANT | 0.76% | AAOIFI43.3% Usmani22.0% Dow Jones Islamic53.3% S&P Shariah47.5% MSCI Islamic22.0% MSCI Islamic M-Series47.5% FTSE Shariah15.1% |
| RWAY Runway Growth Finance Corp | NON_COMPLIANT | 0.75% | AAOIFI246.8% Usmani55.5% Dow Jones Islamic239.2% S&P Shariah227.2% MSCI Islamic55.5% MSCI Islamic M-Series227.2% FTSE Shariah55.5% |
| HUNTSMAN INTERNATIONAL L | UNSCREENED | 0.66% | no in-house ratios for this holding |
| DINO HF SINCLAIR CORP | COMPLIANT | 0.63% | AAOIFI16.9% Usmani17.1% Dow Jones Islamic34.7% S&P Shariah34.5% MSCI Islamic16.6% MSCI Islamic M-Series34.5% FTSE Shariah14.6% |
| National Storage Affiliates Tr | UNSCREENED | 0.61% | no in-house ratios for this holding |
| NHI National Health Investors Inc | NON_COMPLIANT | 0.55% | AAOIFI36.6% Usmani43.0% Dow Jones Islamic37.3% S&P Shariah41.8% MSCI Islamic43.0% MSCI Islamic M-Series41.8% FTSE Shariah43.0% |
| CELANESE US HOLDINGS LLC | UNSCREENED | 0.41% | no in-house ratios for this holding |
| SBRA Sabra Health Care REIT Inc | NON_COMPLIANT | 0.41% | AAOIFI49.4% Usmani47.6% Dow Jones Islamic61.2% S&P Shariah69.2% MSCI Islamic47.6% MSCI Islamic M-Series69.2% FTSE Shariah47.6% |
| DLR Digital Realty Trust Inc | COMPLIANT | 0.38% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| GLPI Gaming and Leisure Properties | NON_COMPLIANT | 0.34% | AAOIFI66.7% Usmani57.1% Dow Jones Islamic65.1% S&P Shariah68.3% MSCI Islamic57.1% MSCI Islamic M-Series68.3% FTSE Shariah57.1% |
The published standards disagree about this fund by 3 points of portfolio weight — 5.2% of it passes MSCI Islamic, 2.2% passes Dow Jones 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 2.8% ratios fail on 48.7% 76.9% not rated under AAOIFI
ratios pass on 4.4% ratios fail on 38.7% 85.3% not rated under Usmani
ratios pass on 2.2% ratios fail on 49.3% 76.9% not rated under Dow Jones Islamic
ratios pass on 2.2% ratios fail on 49.3% 76.9% not rated under S&P Shariah
ratios pass on 5.2% ratios fail on 38.7% 84.5% not rated under MSCI Islamic
ratios pass on 2.2% ratios fail on 49.3% 76.9% not rated under MSCI Islamic M-Series
ratios pass on 5.2% ratios fail on 38.7% 84.5% not rated under FTSE Shariah
32 of 60 listed holdings carry our own per-methodology verdicts (53% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none.
| Non-compliant holding | Weight |
|---|---|
| HTGC Hercules Capital Inc | 2.99% |
| SPG Simon Property Group Inc | 2.68% |
| GBDC Golub Capital BDC Inc | 2.63% |
| JPM JPMORGAN CHASE & CO | 2.45% |
| TSLX Sixth Street Specialty Lending | 2.30% |
| CMS CMS Energy Corp | 2.27% |
| NFG NATIONAL FUEL GAS CO | 2.23% |
| BAC BANK OF AMERICA CORP | 2.21% |
| TFC TRUIST FINANCIAL CORP | 2.10% |
| ALL Allstate Corp/The | 2.00% |
Methodology breakdown computing — it will appear here on its own.
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
Sound Enhanced Fixed Income ETF (FXED) 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.
Computing the full ratio and business-activity breakdown for FXED — this runs off the critical path so the page paints first. It will appear here on its own.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
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) | 31.60 | NEUTRAL |
| Stochastic %K (14) | -13.45 | BUY |
| CCI (20) | -114.43 | BUY |
| Williams %R (14) | -113.45 | BUY |
| MACD (12,26,9) | -0.03 | SELL |
| ROC (10) | -2.11 | SELL |
| Momentum (10) | -0.35 | SELL |
| EMA (10) | 16.49 | SELL |
| SMA (10) | 16.49 | SELL |
| EMA (20) | 16.63 | SELL |
| SMA (20) | 16.68 | SELL |
| EMA (30) | 16.73 | SELL |
| SMA (30) | 16.78 | SELL |
| EMA (50) | 16.86 | SELL |
| SMA (50) | 16.97 | SELL |
| EMA (100) | 17.00 | SELL |
| SMA (100) | 17.09 | SELL |
| EMA (200) | 17.07 | SELL |
| SMA (200) | 17.13 | SELL |
Under normal market conditions, the fund will invest at least 80% of its net assets in fixed income securities. The fund's investments in fixed income securities will typically include U.S. corporate bonds, preferred stock and ETFs that invest in bonds, sovereign debt, and private placement debt securities. It may also invest in fixed income securities issued by U.S. and foreign corporations, securities issued by governments and their agencies, instrumentalities, or sponsored corporations, including supranational organizations.
Background via Yahoo Finance — informational, not part of the verdict.
Average — needs more confirmation before sizing up
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BEARISH | 42 |
| 🕐 1H | NEUTRAL | 22 |
| ⏱ 15-Min | RANGING | 90 |
| ⏲ 5-Min | BULLISH | 234 |
Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.
How the rest of the sector moved over the same window. Context for a price move, never a cause of one.
Peer movement computing — it will appear here on its own.
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.
Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.
NO DATA 0 buys · 0 sells
The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.
NEUTRAL report date 2026-10-06 · Asset managers net 906615 (+2612)
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.