Verdicts genuinely change. Free email alert the moment HIICX'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.
Catalyst/SMH High Income Fund · MUTUAL FUND SERIES TRUST
51 holdings
NON-COMPLIANT At least 23.97% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 69% turns out to be. Matching more holdings can only raise this share, never lower it.
51 holdings, 18 matched (29% of weight). Portfolio as of 2026-06-30, filed 2026-08-28. Source: SEC Form N-PORT.
3.39% of this portfolio’s income is non-permissible — weighted across holdings, computed over 23% of portfolio weight (15 of 51 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 |
|---|---|---|---|
| HERTZ CORP (THE) | UNSCREENED | 5.04% | no in-house ratios for this holding |
| KSS KOHL'S CORP | NON_COMPLIANT | 4.55% | AAOIFI183.9% Usmani44.5% Dow Jones Islamic249.6% S&P Shariah219.6% MSCI Islamic30.1% MSCI Islamic M-Series219.6% FTSE Shariah9.9% |
| HROW HARROW INC | COMPLIANT | 4.42% | AAOIFI21.7% Usmani74.0% Dow Jones Islamic22.2% S&P Shariah29.2% MSCI Islamic74.0% MSCI Islamic M-Series29.2% FTSE Shariah72.0% |
| 1261229 B.C. LTD | UNSCREENED | 4.40% | no in-house ratios for this holding |
| AMC GLOBAL MEDIA INC | UNSCREENED | 4.36% | no in-house ratios for this holding |
| PAGAYA US HOLDING COMPANY LLC | UNSCREENED | 4.08% | no in-house ratios for this holding |
| SIX FLAGS ENTERTAINMENT CORP / CANADA'S WONDERLAND COMPANY AND MILLENNIUM OPERATIONS LLC | UNSCREENED | 3.68% | no in-house ratios for this holding |
| K. HOVNANIAN ENTERPRISES INC | UNSCREENED | 3.67% | no in-house ratios for this holding |
| COREWEAVE INC | UNSCREENED | 3.59% | no in-house ratios for this holding |
| ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE CORP | UNSCREENED | 3.52% | no in-house ratios for this holding |
| MPT OPERATING PARTNERSHIP LP / MPT FINANCE CORP | UNSCREENED | 3.27% | no in-house ratios for this holding |
| ARBOR REALTY SR INC | UNSCREENED | 2.99% | no in-house ratios for this holding |
| UIS UNISYS CORP | NON_COMPLIANT | 2.97% | AAOIFI397.2% Usmani46.2% Dow Jones Islamic254.3% S&P Shariah244.3% MSCI Islamic46.2% MSCI Islamic M-Series244.3% FTSE Shariah44.7% |
| UNIVISION COMMUNICATIONS INC | UNSCREENED | 2.92% | no in-house ratios for this holding |
| NIC.AX NICKEL INDUSTRIES LTD | NON_COMPLIANT | 2.90% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| LEVEL 3 FINANCING INC | UNSCREENED | 2.88% | no in-house ratios for this holding |
| ATLCP ATLANTICUS HOLDINGS CORP | NON_COMPLIANT | 2.86% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| GETTY IMAGES INC | UNSCREENED | 2.85% | no in-house ratios for this holding |
| JETBLUE AIRWAYS CORP / JETBLUE LOYALTY LP | UNSCREENED | 2.70% | no in-house ratios for this holding |
| VELOCITY COMMERCIAL CAPITAL LLC | UNSCREENED | 2.47% | no in-house ratios for this holding |
| APLD COMPUTECO LLC | UNSCREENED | 2.41% | no in-house ratios for this holding |
| PSEC PROSPECT CAPITAL CORP | NON_COMPLIANT | 2.25% | AAOIFI160.9% Usmani28.9% Dow Jones Islamic150.1% S&P Shariah138.7% MSCI Islamic28.9% MSCI Islamic M-Series138.7% FTSE Shariah28.9% |
| LGI HOMES INC | UNSCREENED | 1.78% | no in-house ratios for this holding |
| RITM RITHM CAPITAL CORP | NON_COMPLIANT | 1.76% | AAOIFI532.0% Usmani55.3% Dow Jones Islamic565.3% S&P Shariah611.2% MSCI Islamic55.3% MSCI Islamic M-Series611.2% FTSE Shariah55.3% |
| PARK OHIO INDUSTRIES INC | UNSCREENED | 1.68% | no in-house ratios for this holding |
| COOPER-STANDARD AUTOMOTIVE INC | UNSCREENED | 1.50% | no in-house ratios for this holding |
| ALTG ALTA EQUIPMENT GROUP INC | NON_COMPLIANT | 1.43% | AAOIFI304.2% Usmani47.6% Dow Jones Islamic292.0% S&P Shariah244.5% MSCI Islamic45.8% MSCI Islamic M-Series244.5% FTSE Shariah37.6% |
| WISDOMTREE INC | UNSCREENED | 1.35% | no in-house ratios for this holding |
| UNITI GROUP LP / UNITI GROUP FINANCE 2019 INC / CSL CAP LLC | UNSCREENED | 1.25% | no in-house ratios for this holding |
| ALLEGIANT TRAVEL COMPANY | UNSCREENED | 1.20% | no in-house ratios for this holding |
| SAR SARATOGA INVESTMENT CORP | NON_COMPLIANT | 1.17% | AAOIFI278.5% Usmani68.3% Dow Jones Islamic261.3% S&P Shariah288.1% MSCI Islamic68.3% MSCI Islamic M-Series288.1% FTSE Shariah68.3% |
| AMC AMC ENTERTAINMENT HOLDINGS INC | NON_COMPLIANT | 1.10% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| COREWEAVE INC | UNSCREENED | 1.10% | no in-house ratios for this holding |
| KINGPIN INTERMEDIATE HOLDINGS LLC | UNSCREENED | 1.01% | no in-house ratios for this holding |
| FLL FULL HOUSE RESORTS INC | NON_COMPLIANT | 0.90% | AAOIFI691.0% Usmani83.6% Dow Jones Islamic424.7% S&P Shariah376.7% MSCI Islamic83.2% MSCI Islamic M-Series376.7% FTSE Shariah74.5% |
| UNIVISION COMMUNICATIONS INC | UNSCREENED | 0.76% | no in-house ratios for this holding |
| LCID LUCID GROUP INC | NON_COMPLIANT | 0.71% | AAOIFI192.4% Usmani47.5% Dow Jones Islamic64.1% S&P Shariah54.9% MSCI Islamic46.1% MSCI Islamic M-Series54.9% FTSE Shariah42.3% |
| IIPR INNOVATIVE INDUSTRIAL PROPERTIES INC | NON_COMPLIANT | 0.67% | AAOIFI25.0% Usmani15.3% Dow Jones Islamic24.2% S&P Shariah22.2% MSCI Islamic15.3% MSCI Islamic M-Series22.2% FTSE Shariah15.3% |
| CHS/COMMUNITY HEALTH SYSTEMS INC | UNSCREENED | 0.62% | no in-house ratios for this holding |
| CION INVESTMENT CORP | UNSCREENED | 0.58% | no in-house ratios for this holding |
| NORDSTROM INC | UNSCREENED | 0.45% | no in-house ratios for this holding |
| ALPHATEC HOLDINGS INC | UNSCREENED | 0.40% | no in-house ratios for this holding |
| ENVA ENOVA INTERNATIONAL INC | NON_COMPLIANT | 0.31% | AAOIFI87.3% Usmani69.4% Dow Jones Islamic150.4% S&P Shariah180.7% MSCI Islamic69.4% MSCI Islamic M-Series180.7% FTSE Shariah69.4% |
| XEROX CORP | UNSCREENED | 0.26% | no in-house ratios for this holding |
| HIMS HIMS & HERS HEALTH INC | COMPLIANT | 0.16% | AAOIFI2.8% Usmani5.0% Dow Jones Islamic2.2% S&P Shariah2.9% MSCI Islamic5.0% MSCI Islamic M-Series2.9% FTSE Shariah0.0% |
| TRANSOCEAN INTERNATIONAL LTD | UNSCREENED | 0.15% | no in-house ratios for this holding |
| GTN GRAY MEDIA INC | NON_COMPLIANT | 0.14% | AAOIFI1180.6% Usmani56.4% Dow Jones Islamic1327.9% S&P Shariah1203.9% MSCI Islamic56.4% MSCI Islamic M-Series1203.9% FTSE Shariah55.6% |
| LYFT LYFT INC | NON_COMPLIANT | 0.12% | AAOIFI19.4% Usmani14.2% Dow Jones Islamic20.0% S&P Shariah20.8% MSCI Islamic13.5% MSCI Islamic M-Series20.8% FTSE Shariah11.5% |
| GME GAMESTOP CORP | NON_COMPLIANT | 0.12% | AAOIFI1.6% Usmani1.6% Dow Jones Islamic1.6% S&P Shariah1.9% MSCI Islamic1.6% MSCI Islamic M-Series1.9% FTSE Shariah0.1% |
| FIRST AMERICAN FUNDS INC | UNSCREENED | 0.02% | no in-house ratios for this holding |
| ENERGY CONVERSION DEV | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 5 points of portfolio weight — 8.4% of it passes MSCI Islamic, 3.2% 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 5.2% ratios fail on 22.2% 70.0% not rated under AAOIFI
ratios pass on 3.2% ratios fail on 21.3% 72.9% not rated under Usmani
ratios pass on 5.2% ratios fail on 22.2% 70.0% not rated under Dow Jones Islamic
ratios pass on 5.4% ratios fail on 22.1% 70.0% not rated under S&P Shariah
ratios pass on 8.4% ratios fail on 16.8% 72.3% not rated under MSCI Islamic
ratios pass on 5.2% ratios fail on 22.2% 70.0% not rated under MSCI Islamic M-Series
ratios pass on 8.4% ratios fail on 16.8% 72.3% not rated under FTSE Shariah
18 of 51 listed holdings carry our own per-methodology verdicts (29% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 15 (22% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| KSS KOHL'S CORP | 4.55% |
| UIS UNISYS CORP | 2.97% |
| NIC.AX NICKEL INDUSTRIES LTD | 2.90% |
| ATLCP ATLANTICUS HOLDINGS CORP | 2.86% |
| PSEC PROSPECT CAPITAL CORP | 2.25% |
| RITM RITHM CAPITAL CORP | 1.76% |
| ALTG ALTA EQUIPMENT GROUP INC | 1.43% |
| SAR SARATOGA INVESTMENT CORP | 1.17% |
| AMC AMC ENTERTAINMENT HOLDINGS INC | 1.10% |
| FLL FULL HOUSE RESORTS INC | 0.90% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Catalyst/SMH High Income Fund (HIICX) 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 |
|---|---|---|
| HERTZ CORP (THE)not matched to a ticker | 5.04% | Not screened |
| KSSKOHL'S CORP | 4.55% | Non-compliant |
| HROWHARROW INC | 4.42% | Compliant |
| 1261229 B.C. LTDnot matched to a ticker | 4.40% | Not screened |
| AMC GLOBAL MEDIA INCnot matched to a ticker | 4.36% | Not screened |
| PAGAYA US HOLDING COMPANY LLCnot matched to a ticker | 4.08% | Not screened |
| SIX FLAGS ENTERTAINMENT CORP / CANADA'S WONDERLAND COMPANY AND MILLENNIUM OPERATIONS LLCnot matched to a ticker | 3.68% | Not screened |
| K. HOVNANIAN ENTERPRISES INCnot matched to a ticker | 3.67% | Not screened |
| COREWEAVE INCnot matched to a ticker | 3.59% | Not screened |
| ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE CORPnot matched to a ticker | 3.52% | Not screened |
Top 10 of 51 holdings, 41.3% 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 HIICX. 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) | 33.80 | NEUTRAL |
| Stochastic %K (14) | 8.09 | BUY |
| CCI (20) | -109.77 | BUY |
| Williams %R (14) | -91.91 | BUY |
| MACD (12,26,9) | -0.01 | SELL |
| ROC (10) | -1.62 | SELL |
| Momentum (10) | -0.06 | SELL |
| EMA (10) | 3.91 | SELL |
| SMA (10) | 3.90 | SELL |
| EMA (20) | 3.93 | SELL |
| SMA (20) | 3.94 | SELL |
| EMA (30) | 3.94 | SELL |
| SMA (30) | 3.95 | SELL |
| EMA (50) | 3.96 | SELL |
| SMA (50) | 3.98 | SELL |
| EMA (100) | 3.97 | SELL |
| SMA (100) | 3.99 | SELL |
| EMA (200) | 3.94 | SELL |
| SMA (200) | 3.94 | 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.