Verdicts genuinely change. Free email alert the moment GAMDX'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.
Goldman Sachs Emerging Markets Credit Fund · GOLDMAN SACHS TRUST
121 holdings
NON-COMPLIANT At least 17.13% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 77% turns out to be. Matching more holdings can only raise this share, never lower it.
3.70% 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.
121 holdings, 23 matched (21% of weight). Portfolio as of 2026-06-30, filed 2026-08-26. Source: SEC Form N-PORT.
1.66% of this portfolio’s income is non-permissible — weighted across holdings, computed over 13% of portfolio weight (15 of 121 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 |
|---|---|---|---|
| ACCESS BANK PLC | UNSCREENED | 1.82% | no in-house ratios for this holding |
| AES PANAMA GENERATION HL | UNSCREENED | 1.72% | no in-house ratios for this holding |
| GRUPO NUTRESA SA | UNSCREENED | 1.72% | no in-house ratios for this holding |
| SEPL.L SEPLAT ENERGY PLC | COMPLIANT | 1.71% | AAOIFI20.3% Usmani18.7% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic17.6% MSCI Islamic M-Seriesfail FTSE Shariah17.6% |
| YKBNK.IS YAPI VE KREDI BANKASI AS | NON_COMPLIANT | 1.54% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SAN MIGUEL INDUSTRIAS | UNSCREENED | 1.51% | no in-house ratios for this holding |
| SAMARCO MINERACAO SA | UNSCREENED | 1.41% | no in-house ratios for this holding |
| AEROPUERTOS DOMINICANOS | UNSCREENED | 1.33% | no in-house ratios for this holding |
| 1128.HK WYNN MACAU LTD | NON_COMPLIANT | 1.32% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| MV24 CAPITAL BV | UNSCREENED | 1.32% | no in-house ratios for this holding |
| LIMAK ISKENDERUN | UNSCREENED | 1.28% | no in-house ratios for this holding |
| NBK TIER 1 LTD | UNSCREENED | 1.28% | no in-house ratios for this holding |
| MELCO RESORTS FINANCE | UNSCREENED | 1.28% | no in-house ratios for this holding |
| NOVA SECURITISATION SARL | UNSCREENED | 1.28% | no in-house ratios for this holding |
| SAN MIGUEL GLOBAL POWER | UNSCREENED | 1.25% | no in-house ratios for this holding |
| United States Treasury | NON_COMPLIANT | 1.18% | no in-house ratios for this holding |
| United States Treasury | NON_COMPLIANT | 1.16% | no in-house ratios for this holding |
| United States Treasury | NON_COMPLIANT | 1.13% | no in-house ratios for this holding |
| KOS KOSMOS ENERGY LTD | NON_COMPLIANT | 1.12% | AAOIFI162.1% Usmani62.3% Dow Jones Islamic221.3% S&P Shariah151.6% MSCI Islamic62.3% MSCI Islamic M-Series151.6% FTSE Shariah62.0% |
| HUNT OIL CO OF PERU | UNSCREENED | 1.12% | no in-house ratios for this holding |
| VEDANTA RESOURCES | UNSCREENED | 1.10% | no in-house ratios for this holding |
| IVORY COAST | UNSCREENED | 1.08% | no in-house ratios for this holding |
| CORPORACIAN QUIPORT SA | UNSCREENED | 1.08% | no in-house ratios for this holding |
| ACU PETROLEO LUXEMBOURG | UNSCREENED | 1.07% | no in-house ratios for this holding |
| AKBNK.IS AKBANK TAS | NON_COMPLIANT | 1.06% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| UZBEK INDUSTRIAL AND CON | UNSCREENED | 1.06% | no in-house ratios for this holding |
| BECLE SA DE CV | UNSCREENED | 1.06% | no in-house ratios for this holding |
| Nigeria Government International Bonds | UNSCREENED | 1.05% | no in-house ratios for this holding |
| ECOPETROL.CL ECOPETROL SA | NON_COMPLIANT | 1.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BANCO DEL ESTADO -CHILE | UNSCREENED | 1.04% | no in-house ratios for this holding |
| NAVOI MINING METALLURGIC | UNSCREENED | 1.04% | no in-house ratios for this holding |
| OFFICE CHERIFIEN DES PHO | UNSCREENED | 1.03% | no in-house ratios for this holding |
| OTP.BD OTP BANK NYRT | NON_COMPLIANT | 1.03% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ESENTIA ENERGY DEV SAB | UNSCREENED | 1.03% | no in-house ratios for this holding |
| OFFICE CHERIFIEN DES PHO | UNSCREENED | 1.03% | no in-house ratios for this holding |
| LTM.SN LATAM AIRLINES GROUP SA | NON_COMPLIANT | 1.02% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TRANSNET/SOUTH AFRICA | UNSCREENED | 1.02% | no in-house ratios for this holding |
| VIVO ENERGY INVESTMENTS | UNSCREENED | 1.02% | no in-house ratios for this holding |
| DNO.OL DNO ASA | NON_COMPLIANT | 1.02% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| ATP TOW/ANDEAN TELECOM | UNSCREENED | 1.01% | no in-house ratios for this holding |
| DIG INTL FIN/DIFL US LLC | UNSCREENED | 1.01% | no in-house ratios for this holding |
| MERSIN ULUSLARARASI LIMA | UNSCREENED | 1.01% | no in-house ratios for this holding |
| ST MARYS CEMENT INC | UNSCREENED | 1.01% | no in-house ratios for this holding |
| TURKIYE GARANTI BANKASI | UNSCREENED | 1.01% | no in-house ratios for this holding |
| EDV.TO ENDEAVOUR MINING PLC | COMPLIANT | 1.00% | AAOIFI4.7% Usmani12.2% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic12.2% MSCI Islamic M-Seriespass FTSE Shariah12.2% |
| 0975.HK MONGOLIAN MINING CORP | COMPLIANT | 1.00% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| PROMIGAS/GASES PACIFICO | UNSCREENED | 1.00% | no in-house ratios for this holding |
| IRB INFRASTRUCTURE DEVE | UNSCREENED | 1.00% | no in-house ratios for this holding |
| INDUSTRIAL SUBORD TR 2.0 | UNSCREENED | 1.00% | no in-house ratios for this holding |
| LIMAK CIMENTO SANAYI | UNSCREENED | 0.99% | no in-house ratios for this holding |
| OCEANICA LUX | UNSCREENED | 0.99% | no in-house ratios for this holding |
| DANGOTE FERTLISER LTD | UNSCREENED | 0.99% | no in-house ratios for this holding |
| YPF SOCIEDAD ANONIMA | UNSCREENED | 0.99% | no in-house ratios for this holding |
| BIDVEST GROUP UK PLC | UNSCREENED | 0.99% | no in-house ratios for this holding |
| CONTINUUM ENERGY AURA | UNSCREENED | 0.99% | no in-house ratios for this holding |
| NIAGARA ENERGY SAC | UNSCREENED | 0.99% | no in-house ratios for this holding |
| KINGSTON AIRPORT REV FIN | UNSCREENED | 0.99% | no in-house ratios for this holding |
| AZULE ENERGY FINANCE PLC | UNSCREENED | 0.99% | no in-house ratios for this holding |
| FIEMEX ENERGIA - BANC AC | UNSCREENED | 0.99% | no in-house ratios for this holding |
| BANCO MERCANTIL DE NORTE | UNSCREENED | 0.99% | no in-house ratios for this holding |
| REPUBLIC OF COLOMBIA | UNSCREENED | 0.98% | no in-house ratios for this holding |
| VALE OVERSEAS LIMITED | UNSCREENED | 0.98% | no in-house ratios for this holding |
| JSWINFRA.NS JSW INFRASTRUCTURE | NON_COMPLIANT | 0.97% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ADANI PORTS AND SPECIAL | UNSCREENED | 0.97% | no in-house ratios for this holding |
| BANCO NACIONAL COM EXT | UNSCREENED | 0.97% | no in-house ratios for this holding |
| CNTL AMR BOTTLING CORP | UNSCREENED | 0.97% | no in-house ratios for this holding |
| AVIANCA MIDCO 2 PLC | UNSCREENED | 0.97% | no in-house ratios for this holding |
| FIRST QUANTUM MINERALS L | UNSCREENED | 0.96% | no in-house ratios for this holding |
| BBVA MEX BANCA GRUPO TX | UNSCREENED | 0.96% | no in-house ratios for this holding |
| Goldman Sachs Central Government Fund | UNSCREENED | 0.96% | no in-house ratios for this holding |
| AKBNK.IS AKBANK TAS | NON_COMPLIANT | 0.95% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| PRX.AS PROSUS NV | NON_COMPLIANT | 0.94% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TELECOM DIGITALES SA | UNSCREENED | 0.94% | no in-house ratios for this holding |
| ALDAR PROPERTIES PJSC | UNSCREENED | 0.93% | no in-house ratios for this holding |
| ENFRAGEN ENERGIA SUR SA | UNSCREENED | 0.92% | no in-house ratios for this holding |
| FIBRA SOMA TRUST F/6185 | UNSCREENED | 0.89% | no in-house ratios for this holding |
| GENM CAPITAL LABUAN | UNSCREENED | 0.89% | no in-house ratios for this holding |
| PETROLEOS MEXICANOS | UNSCREENED | 0.88% | no in-house ratios for this holding |
| MEXICO CITY ARPT TRUST | UNSCREENED | 0.84% | no in-house ratios for this holding |
| LLPL CAPITAL PTE LTD | UNSCREENED | 0.84% | no in-house ratios for this holding |
| AEROPUERTO INTL TOCUMEN | UNSCREENED | 0.83% | no in-house ratios for this holding |
| MC BRAZIL DWNSTRM | UNSCREENED | 0.81% | no in-house ratios for this holding |
| ARAGVI FINANCE INTL | UNSCREENED | 0.76% | no in-house ratios for this holding |
| MINEJESA CAPITAL BV | UNSCREENED | 0.63% | no in-house ratios for this holding |
| MONG DUONG FIN HLDGS BV | UNSCREENED | 0.62% | no in-house ratios for this holding |
| JSW HYDRO ENERGY LTD | UNSCREENED | 0.62% | no in-house ratios for this holding |
| ROMANIA | UNSCREENED | 0.60% | no in-house ratios for this holding |
| SANTOS FINANCE LTD | UNSCREENED | 0.50% | no in-house ratios for this holding |
| TEO TELECOM ARGENTINA SA | NON_COMPLIANT | 0.47% | AAOIFI64.8% Usmani37.4% Dow Jones Islamic315735.4% S&P Shariah360734.1% MSCI Islamic35.0% MSCI Islamic M-Series360734.1% FTSE Shariah35.0% |
| TEO TELECOM ARGENTINA SA | NON_COMPLIANT | 0.41% | AAOIFI64.8% Usmani37.4% Dow Jones Islamic315735.4% S&P Shariah360734.1% MSCI Islamic35.0% MSCI Islamic M-Series360734.1% FTSE Shariah35.0% |
| PLUSPETROL SA | UNSCREENED | 0.41% | no in-house ratios for this holding |
| ARCOR SAIC | UNSCREENED | 0.41% | no in-house ratios for this holding |
| VISTA OIL & GAS ARGENTIN | UNSCREENED | 0.37% | no in-house ratios for this holding |
| VISTA OIL & GAS ARGENTIN | UNSCREENED | 0.36% | no in-house ratios for this holding |
| PETROLEOS MEXICANOS | UNSCREENED | 0.35% | no in-house ratios for this holding |
| YPF SOCIEDAD ANONIMA | UNSCREENED | 0.31% | no in-house ratios for this holding |
| CEMEXCPO.MX CEMEX SAB DE CV | NON_COMPLIANT | 0.25% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| United States Treasury | NON_COMPLIANT | 0.24% | no in-house ratios for this holding |
| Sri Lanka Government International Bonds | UNSCREENED | 0.24% | no in-house ratios for this holding |
| TULLOW HOLDCO 2 LTD | UNSCREENED | 0.23% | no in-house ratios for this holding |
| TECPETROL S.A. | UNSCREENED | 0.20% | no in-house ratios for this holding |
| LTM.SN LATAM AIRLINES GROUP SA | NON_COMPLIANT | 0.15% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| PETROLEOS MEXICANOS | UNSCREENED | 0.15% | no in-house ratios for this holding |
| ROMANIA | UNSCREENED | 0.14% | no in-house ratios for this holding |
| REPUBLIC OF VENEZUELA | UNSCREENED | 0.13% | no in-house ratios for this holding |
| REPUBLIC OF VENEZUELA | UNSCREENED | 0.11% | no in-house ratios for this holding |
| PETROLEOS MEXICANOS | UNSCREENED | 0.11% | no in-house ratios for this holding |
| LTM.SN LATAM AIRLINES GROUP SA | NON_COMPLIANT | 0.10% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ROMANIA | UNSCREENED | 0.05% | no in-house ratios for this holding |
| YPF SOCIEDAD ANONIMA | UNSCREENED | 0.05% | no in-house ratios for this holding |
| Chicago Board of Trade | UNSCREENED | 0.05% | no in-house ratios for this holding |
| Chicago Board of Trade | UNSCREENED | 0.03% | no in-house ratios for this holding |
| LCH Ltd. | UNSCREENED | 0.01% | no in-house ratios for this holding |
| Chicago Board of Trade | UNSCREENED | 0.01% | no in-house ratios for this holding |
| LCH Ltd. | UNSCREENED | 0.01% | no in-house ratios for this holding |
| LCH Ltd. | UNSCREENED | 0.01% | no in-house ratios for this holding |
| LCH Ltd. | UNSCREENED | 0.01% | no in-house ratios for this holding |
| Chicago Board of Trade | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Chicago Mercantile Exchange | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Chicago Board of Trade | UNSCREENED | 0.00% | no in-house ratios for this holding |
| LCH Ltd. | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 4 points of portfolio weight — 5.0% of it passes Usmani, 1.0% passes S&P Shariah. 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 3.7% ratios fail on 13.4% 80.7% not rated under AAOIFI
ratios pass on 5.0% ratios fail on 12.2% 80.7% not rated under Usmani
ratios pass on 2.0% ratios fail on 15.1% 80.7% not rated under Dow Jones Islamic
ratios pass on 1.0% ratios fail on 16.1% 80.7% not rated under S&P Shariah
ratios pass on 5.0% ratios fail on 12.2% 80.7% not rated under MSCI Islamic
ratios pass on 1.0% ratios fail on 16.1% 80.7% not rated under MSCI Islamic M-Series
ratios pass on 5.0% ratios fail on 12.2% 80.7% not rated under FTSE Shariah
15 of 121 listed holdings carry our own per-methodology verdicts (17% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 4 (5% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| YKBNK.IS YAPI VE KREDI BANKASI AS | 1.54% |
| 1128.HK WYNN MACAU LTD | 1.32% |
| United States Treasury | 1.18% |
| United States Treasury | 1.16% |
| United States Treasury | 1.13% |
| KOS KOSMOS ENERGY LTD | 1.12% |
| AKBNK.IS AKBANK TAS | 1.06% |
| ECOPETROL.CL ECOPETROL SA | 1.05% |
| OTP.BD OTP BANK NYRT | 1.03% |
| LTM.SN LATAM AIRLINES GROUP SA | 1.02% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Goldman Sachs Emerging Markets Credit Fund (GAMDX) 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 |
|---|---|---|
| ACCESS BANK PLCnot matched to a ticker | 1.82% | Not screened |
| AES PANAMA GENERATION HLnot matched to a ticker | 1.72% | Not screened |
| GRUPO NUTRESA SAnot matched to a ticker | 1.72% | Not screened |
| SEPL.LSEPLAT ENERGY PLC | 1.71% | Compliant |
| YKBNK.ISYAPI VE KREDI BANKASI AS | 1.54% | Non-compliant |
| SAN MIGUEL INDUSTRIASnot matched to a ticker | 1.51% | Not screened |
| SAMARCO MINERACAO SAnot matched to a ticker | 1.41% | Not screened |
| AEROPUERTOS DOMINICANOSnot matched to a ticker | 1.33% | Not screened |
| 1128.HKWYNN MACAU LTD | 1.32% | Non-compliant |
| MV24 CAPITAL BVnot matched to a ticker | 1.32% | Not screened |
Top 10 of 121 holdings, 15.4% 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 GAMDX. 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) | 29.50 | BUY |
| Stochastic %K (14) | 12.50 | BUY |
| CCI (20) | -64.55 | NEUTRAL |
| Williams %R (14) | -87.50 | BUY |
| MACD (12,26,9) | -0.00 | SELL |
| ROC (10) | -1.01 | SELL |
| Momentum (10) | -0.04 | SELL |
| EMA (10) | 3.92 | SELL |
| SMA (10) | 3.91 | BUY |
| EMA (20) | 3.93 | SELL |
| SMA (20) | 3.94 | SELL |
| EMA (30) | 3.95 | SELL |
| SMA (30) | 3.96 | SELL |
| EMA (50) | 3.96 | SELL |
| SMA (50) | 3.97 | SELL |
| EMA (100) | 3.97 | SELL |
| SMA (100) | 3.98 | SELL |
| EMA (200) | 3.95 | SELL |
| SMA (200) | 3.96 | 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.