Verdicts genuinely change. Free email alert the moment HCMQX'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.
HCM Sector Plus Fund · NORTHERN LIGHTS FUND TRUST III
61 holdings
NON-COMPLIANT At least 8.35% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 89% turns out to be. Matching more holdings can only raise this share, never lower it.
61 holdings, 51 matched (11% of weight). Portfolio as of 2026-06-30, filed 2026-08-27. Source: SEC Form N-PORT.
1.14% of this portfolio’s income is non-permissible — weighted across holdings, computed over 9% of portfolio weight (44 of 61 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 |
|---|---|---|---|
| PROSHARES TRUST | UNSCREENED | 16.62% | no in-house ratios for this holding |
| PROSHARES TRUST | UNSCREENED | 16.31% | no in-house ratios for this holding |
| VANGUARD SPECIALIZED FUNDS | UNSCREENED | 13.94% | no in-house ratios for this holding |
| DIREXION SHARES ETF TRUST | UNSCREENED | 10.43% | no in-house ratios for this holding |
| SPDR S&P 500 ETF TRUST | UNSCREENED | 9.82% | no in-house ratios for this holding |
| VANGUARD WHITEHALL FUNDS | UNSCREENED | 8.77% | no in-house ratios for this holding |
| ISHARES TRUST | UNSCREENED | 7.75% | no in-house ratios for this holding |
| HCM BBH SWEEP | UNSCREENED | 4.67% | no in-house ratios for this holding |
| RL RALPH LAUREN CORP | COMPLIANT | 0.52% | AAOIFI13.4% Usmani39.2% Dow Jones Islamic15.7% S&P Shariah18.9% MSCI Islamic36.2% MSCI Islamic M-Series18.9% FTSE Shariah16.2% |
| C CITIGROUP INC | NON_COMPLIANT | 0.51% | AAOIFI159.2% Usmani13.8% Dow Jones Islamic214.6% S&P Shariah251.0% MSCI Islamic13.8% MSCI Islamic M-Series251.0% FTSE Shariah13.8% |
| UAL UNITED AIRLINES HOLDINGS INC | NON_COMPLIANT | 0.50% | AAOIFI93.1% Usmani39.8% Dow Jones Islamic109.0% S&P Shariah132.3% MSCI Islamic39.8% MSCI Islamic M-Series132.3% FTSE Shariah31.3% |
| HPE HEWLETT PACKARD ENTERPRISE COMPANY | NON_COMPLIANT | 0.39% | AAOIFI29.3% Usmani24.2% Dow Jones Islamic61.2% S&P Shariah69.5% MSCI Islamic24.2% MSCI Islamic M-Series69.5% FTSE Shariah24.2% |
| DAL DELTA AIR LINES INC | NON_COMPLIANT | 0.39% | AAOIFI35.9% Usmani21.9% Dow Jones Islamic46.8% S&P Shariah52.9% MSCI Islamic21.9% MSCI Islamic M-Series52.9% FTSE Shariah15.0% |
| SYF SYNCHRONY FINANCIAL | NON_COMPLIANT | 0.38% | AAOIFI85.9% Usmani18.3% Dow Jones Islamic91.8% S&P Shariah104.8% MSCI Islamic18.3% MSCI Islamic M-Series104.8% FTSE Shariah18.3% |
| GM GENERAL MOTORS COMPANY | NON_COMPLIANT | 0.37% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| ETR ENTERGY CORP | NON_COMPLIANT | 0.36% | AAOIFI65.8% Usmani43.6% Dow Jones Islamic83.2% S&P Shariah99.2% MSCI Islamic43.5% MSCI Islamic M-Series99.2% FTSE Shariah43.1% |
| VANGUARD INDEX FUNDS | UNSCREENED | 0.32% | no in-house ratios for this holding |
| STLD STEEL DYNAMICS INC | COMPLIANT | 0.31% | AAOIFI12.1% Usmani24.4% Dow Jones Islamic17.6% S&P Shariah18.9% MSCI Islamic24.4% MSCI Islamic M-Series18.9% FTSE Shariah24.4% |
| VLO VALERO ENERGY CORP | COMPLIANT | 0.30% | AAOIFI10.3% Usmani14.1% Dow Jones Islamic17.0% S&P Shariah18.0% MSCI Islamic14.1% MSCI Islamic M-Series18.0% FTSE Shariah14.1% |
| LUV SOUTHWEST AIRLINES COMPANY | COMPLIANT | 0.29% | AAOIFI36.4% Usmani22.9% Dow Jones Islamic36.4% S&P Shariah38.5% MSCI Islamic22.9% MSCI Islamic M-Series38.5% FTSE Shariah19.7% |
| MTB M&T BANK CORP | NON_COMPLIANT | 0.28% | AAOIFI52.5% Usmani8.3% Dow Jones Islamic59.6% S&P Shariah66.0% MSCI Islamic8.3% MSCI Islamic M-Series66.0% FTSE Shariah8.3% |
| PHM PULTEGROUP INC | COMPLIANT | 0.28% | AAOIFI0.2% Usmani0.2% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic0.2% MSCI Islamic M-Series0.2% FTSE Shariah0.2% |
| EVRG EVERGY INC | NON_COMPLIANT | 0.26% | AAOIFI72.2% Usmani39.7% Dow Jones Islamic84.2% S&P Shariah94.4% MSCI Islamic39.4% MSCI Islamic M-Series94.4% FTSE Shariah39.2% |
| MPC MARATHON PETROLEUM CORP | NON_COMPLIANT | 0.26% | AAOIFI31.4% Usmani36.4% Dow Jones Islamic59.6% S&P Shariah59.2% MSCI Islamic36.4% MSCI Islamic M-Series59.2% FTSE Shariah34.8% |
| FOX FOX CORP | NON_COMPLIANT | 0.25% | AAOIFI29.1% Usmani33.7% Dow Jones Islamic14791428216.1% S&P Shariah17289936602.0% MSCI Islamic33.7% MSCI Islamic M-Series17289936602.0% FTSE Shariah29.4% |
| BWA BORGWARNER INC | NON_COMPLIANT | 0.25% | AAOIFI30.1% Usmani29.2% Dow Jones Islamic43.9% S&P Shariah46.5% MSCI Islamic29.2% MSCI Islamic M-Series46.5% FTSE Shariah27.7% |
| MO ALTRIA GROUP INC | NON_COMPLIANT | 0.25% | AAOIFI21.4% Usmani73.6% Dow Jones Islamic25.3% S&P Shariah28.5% MSCI Islamic73.6% MSCI Islamic M-Series28.5% FTSE Shariah73.6% |
| FOX FOX CORP | NON_COMPLIANT | 0.24% | AAOIFI29.1% Usmani33.7% Dow Jones Islamic14791428216.1% S&P Shariah17289936602.0% MSCI Islamic33.7% MSCI Islamic M-Series17289936602.0% FTSE Shariah29.4% |
| VTRS VIATRIS INC | NON_COMPLIANT | 0.24% | AAOIFI65.8% Usmani38.9% Dow Jones Islamic100.2% S&P Shariah105.1% MSCI Islamic38.9% MSCI Islamic M-Series105.1% FTSE Shariah38.1% |
| ALK ALASKA AIR GROUP INC | NON_COMPLIANT | 0.23% | AAOIFI158.3% Usmani35.0% Dow Jones Islamic123.9% S&P Shariah132.3% MSCI Islamic35.0% MSCI Islamic M-Series132.3% FTSE Shariah28.5% |
| PPL PPL CORP | NON_COMPLIANT | 0.23% | AAOIFI77.2% Usmani43.2% Dow Jones Islamic78.6% S&P Shariah86.6% MSCI Islamic43.2% MSCI Islamic M-Series86.6% FTSE Shariah43.2% |
| AAL AMERICAN AIRLINES GROUP INC | NON_COMPLIANT | 0.22% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BRK.B BERKSHIRE HATHAWAY INC | NON_COMPLIANT | 0.21% | no in-house ratios for this holding |
| NUE NUCOR CORP | COMPLIANT | 0.21% | AAOIFI11.2% Usmani17.6% Dow Jones Islamic17.6% S&P Shariah17.3% MSCI Islamic17.6% MSCI Islamic M-Series17.3% FTSE Shariah17.6% |
| T AT&T INC | NON_COMPLIANT | 0.21% | AAOIFI92.9% Usmani38.0% Dow Jones Islamic94.4% S&P Shariah107.8% MSCI Islamic38.0% MSCI Islamic M-Series107.8% FTSE Shariah33.6% |
| PEG PUBLIC SERVICE ENTERPRISE GROUP INC | NON_COMPLIANT | 0.20% | AAOIFI64.6% Usmani40.3% Dow Jones Islamic59.5% S&P Shariah64.4% MSCI Islamic40.3% MSCI Islamic M-Series64.4% FTSE Shariah40.1% |
| MET METLIFE INC | NON_COMPLIANT | 0.20% | AAOIFI47.5% Usmani3.9% Dow Jones Islamic56.2% S&P Shariah58.5% MSCI Islamic3.9% MSCI Islamic M-Series58.5% FTSE Shariah3.9% |
| VZ VERIZON COMMUNICATIONS INC | NON_COMPLIANT | 0.20% | AAOIFI98.4% Usmani45.9% Dow Jones Islamic109.0% S&P Shariah116.8% MSCI Islamic45.9% MSCI Islamic M-Series116.8% FTSE Shariah40.3% |
| NWS NEWS CORP | QUESTIONABLE | 0.20% | AAOIFI17.0% Usmani18.8% Dow Jones Islamic17.4% S&P Shariah18.5% MSCI Islamic18.8% MSCI Islamic M-Series18.5% FTSE Shariah12.8% |
| CF CF INDUSTRIES HOLDINGS INC | COMPLIANT | 0.19% | AAOIFI17.9% Usmani23.9% Dow Jones Islamic24.1% S&P Shariah24.7% MSCI Islamic23.9% MSCI Islamic M-Series24.7% FTSE Shariah21.3% |
| KR KROGER COMPANY (THE) | NON_COMPLIANT | 0.19% | AAOIFI66.2% Usmani45.5% Dow Jones Islamic54.1% S&P Shariah57.6% MSCI Islamic45.5% MSCI Islamic M-Series57.6% FTSE Shariah31.1% |
| TSN TYSON FOODS INC | NON_COMPLIANT | 0.18% | AAOIFI45.2% Usmani22.5% Dow Jones Islamic40.2% S&P Shariah41.7% MSCI Islamic22.5% MSCI Islamic M-Series41.7% FTSE Shariah22.5% |
| EQT EQT CORP | COMPLIANT | 0.18% | AAOIFI16.4% Usmani13.7% Dow Jones Islamic18.1% S&P Shariah21.8% MSCI Islamic13.7% MSCI Islamic M-Series21.8% FTSE Shariah13.7% |
| UHS UNIVERSAL HEALTH SERVICES INC | NON_COMPLIANT | 0.17% | AAOIFI52.8% Usmani33.0% Dow Jones Islamic45.9% S&P Shariah48.2% MSCI Islamic33.0% MSCI Islamic M-Series48.2% FTSE Shariah30.4% |
| AES AES CORP (THE) | NON_COMPLIANT | 0.17% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| DVN DEVON ENERGY CORP | COMPLIANT | 0.15% | AAOIFI22.3% Usmani16.8% Dow Jones Islamic46.9% S&P Shariah45.5% MSCI Islamic16.7% MSCI Islamic M-Series45.5% FTSE Shariah16.1% |
| ADM ARCHER DANIELS MIDLAND COMPANY | COMPLIANT | 0.15% | AAOIFI21.9% Usmani16.7% Dow Jones Islamic31.3% S&P Shariah30.5% MSCI Islamic16.7% MSCI Islamic M-Series30.5% FTSE Shariah14.2% |
| BG BUNGE GLOBAL SA | NON_COMPLIANT | 0.15% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| ALB ALBEMARLE CORP | COMPLIANT | 0.13% | AAOIFI13.1% Usmani13.2% Dow Jones Islamic15.4% S&P Shariah15.0% MSCI Islamic12.6% MSCI Islamic M-Series15.0% FTSE Shariah11.8% |
| HPQ HP INC | NON_COMPLIANT | 0.12% | AAOIFI36.8% Usmani22.6% Dow Jones Islamic42.8% S&P Shariah41.1% MSCI Islamic22.6% MSCI Islamic M-Series41.1% FTSE Shariah20.0% |
| APA APA CORP | NON_COMPLIANT | 0.12% | AAOIFI25.9% Usmani21.6% Dow Jones Islamic42.6% S&P Shariah41.4% MSCI Islamic21.6% MSCI Islamic M-Series41.4% FTSE Shariah20.8% |
| LEN LENNAR CORP | NON_COMPLIANT | 0.12% | AAOIFI29.9% Usmani17.4% Dow Jones Islamic21.5% S&P Shariah19.9% MSCI Islamic17.4% MSCI Islamic M-Series19.9% FTSE Shariah17.4% |
| OGN ORGANON & COMPANY | NON_COMPLIANT | 0.12% | AAOIFI236.4% Usmani64.9% Dow Jones Islamic282.4% S&P Shariah250.1% MSCI Islamic64.9% MSCI Islamic M-Series250.1% FTSE Shariah64.9% |
| HUM HUMANA INC | NON_COMPLIANT | 0.12% | AAOIFI30.1% Usmani26.3% Dow Jones Islamic44.9% S&P Shariah38.8% MSCI Islamic26.3% MSCI Islamic M-Series38.8% FTSE Shariah25.3% |
| PFE PFIZER INC | NON_COMPLIANT | 0.11% | AAOIFI39.8% Usmani31.4% Dow Jones Islamic46.1% S&P Shariah45.9% MSCI Islamic31.4% MSCI Islamic M-Series45.9% FTSE Shariah31.4% |
| SWKS SKYWORKS SOLUTIONS INC | COMPLIANT | 0.10% | AAOIFI6.0% Usmani9.2% Dow Jones Islamic6.4% S&P Shariah5.6% MSCI Islamic9.2% MSCI Islamic M-Series5.6% FTSE Shariah6.7% |
| MOS MOSAIC COMPANY (THE) | NON_COMPLIANT | 0.09% | AAOIFI60.0% Usmani20.5% Dow Jones Islamic59.7% S&P Shariah57.0% MSCI Islamic20.5% MSCI Islamic M-Series57.0% FTSE Shariah19.6% |
| CTSH COGNIZANT TECHNOLOGY SOLUTIONS CORP | COMPLIANT | 0.08% | AAOIFI4.0% Usmani5.4% Dow Jones Islamic3.2% S&P Shariah3.2% MSCI Islamic5.3% MSCI Islamic M-Series3.2% FTSE Shariah2.8% |
| DXC DXC TECHNOLOGY COMPANY | NON_COMPLIANT | 0.06% | AAOIFI224.0% Usmani33.5% Dow Jones Islamic156.3% S&P Shariah135.8% MSCI Islamic32.3% MSCI Islamic M-Series135.8% FTSE Shariah27.1% |
| SPDR SERIES TRUST | UNSCREENED | 0.04% | no in-house ratios for this holding |
| MRP MILLROSE PROPERTIES INC | NON_COMPLIANT | 0.02% | AAOIFI50.2% Usmani25.5% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic25.5% MSCI Islamic M-Seriesfail FTSE Shariah25.5% |
The published standards disagree about this fund by 3 points of portfolio weight — 6.0% of it passes FTSE Shariah, 2.8% 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 4.3% ratios fail on 6.7% 89.0% not rated under AAOIFI
ratios pass on 3.9% ratios fail on 5.7% 90.6% not rated under Usmani
ratios pass on 2.8% ratios fail on 7.9% 89.4% not rated under Dow Jones Islamic
ratios pass on 2.8% ratios fail on 7.5% 89.8% not rated under S&P Shariah
ratios pass on 3.7% ratios fail on 5.8% 90.6% not rated under MSCI Islamic
ratios pass on 2.8% ratios fail on 7.9% 89.4% not rated under MSCI Islamic M-Series
ratios pass on 6.0% ratios fail on 3.5% 90.6% not rated under FTSE Shariah
49 of 61 listed holdings carry our own per-methodology verdicts (11% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 46 (11% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| C CITIGROUP INC | 0.51% |
| UAL UNITED AIRLINES HOLDINGS INC | 0.50% |
| HPE HEWLETT PACKARD ENTERPRISE COMPANY | 0.39% |
| DAL DELTA AIR LINES INC | 0.39% |
| SYF SYNCHRONY FINANCIAL | 0.38% |
| GM GENERAL MOTORS COMPANY | 0.37% |
| ETR ENTERGY CORP | 0.36% |
| MTB M&T BANK CORP | 0.28% |
| EVRG EVERGY INC | 0.26% |
| MPC MARATHON PETROLEUM CORP | 0.26% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
HCM Sector Plus Fund (HCMQX) 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 |
|---|---|---|
| PROSHARES TRUSTnot matched to a ticker | 16.62% | Not screened |
| PROSHARES TRUSTnot matched to a ticker | 16.31% | Not screened |
| VANGUARD SPECIALIZED FUNDSnot matched to a ticker | 13.94% | Not screened |
| DIREXION SHARES ETF TRUSTnot matched to a ticker | 10.43% | Not screened |
| SPDR S&P 500 ETF TRUSTnot matched to a ticker | 9.82% | Not screened |
| VANGUARD WHITEHALL FUNDSnot matched to a ticker | 8.77% | Not screened |
| ISHARES TRUSTnot matched to a ticker | 7.75% | Not screened |
| HCM BBH SWEEPnot matched to a ticker | 4.67% | Not screened |
| RLRALPH LAUREN CORP | 0.52% | Compliant |
| CCITIGROUP INC | 0.51% | Non-compliant |
Top 10 of 61 holdings, 89.3% 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 HCMQX. 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) | 57.00 | NEUTRAL |
| Stochastic %K (14) | 88.46 | SELL |
| CCI (20) | 100.07 | SELL |
| Williams %R (14) | -11.54 | SELL |
| MACD (12,26,9) | 0.05 | BUY |
| ROC (10) | 0.99 | BUY |
| Momentum (10) | 0.24 | BUY |
| EMA (10) | 24.23 | BUY |
| SMA (10) | 24.13 | BUY |
| EMA (20) | 24.14 | BUY |
| SMA (20) | 24.05 | BUY |
| EMA (30) | 24.10 | BUY |
| SMA (30) | 24.06 | BUY |
| EMA (50) | 24.02 | BUY |
| SMA (50) | 24.15 | BUY |
| EMA (100) | 23.73 | BUY |
| SMA (100) | 23.83 | BUY |
| EMA (200) | 23.21 | BUY |
| SMA (200) | 23.11 | 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.