Verdicts genuinely change. Free email alert the moment HMSIX'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.
Hennessy Midstream Fund · Hennessy Funds Trust
16 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 115% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT At least 56.11% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 55% turns out to be. Matching more holdings can only raise this share, never lower it.
16 holdings, 9 matched (52% of weight). Portfolio as of 2026-07-31, filed 2026-09-28. Source: SEC Form N-PORT.
0.19% of this portfolio’s income is non-permissible — weighted across holdings, computed over 52% of portfolio weight (9 of 16 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 |
|---|---|---|---|
| ET Energy Transfer LP | NON_COMPLIANT | 13.77% | AAOIFI94.8% Usmani47.4% Dow Jones Islamic120.8% S&P Shariah134.5% MSCI Islamic47.4% MSCI Islamic M-Series134.5% FTSE Shariah46.2% |
| Enterprise Products Partners L | UNSCREENED | 13.68% | no in-house ratios for this holding |
| Plains All American Pipeline L | UNSCREENED | 12.70% | no in-house ratios for this holding |
| MPLX MPLX LP | NON_COMPLIANT | 12.18% | AAOIFI42.8% Usmani60.3% Dow Jones Islamic52.4% S&P Shariah59.3% MSCI Islamic60.3% MSCI Islamic M-Series59.3% FTSE Shariah59.7% |
| ONEOK Inc | UNSCREENED | 7.88% | no in-house ratios for this holding |
| WMB Williams Cos Inc/The | NON_COMPLIANT | 7.61% | AAOIFI35.0% Usmani50.0% Dow Jones Islamic41.0% S&P Shariah47.9% MSCI Islamic50.0% MSCI Islamic M-Series47.9% FTSE Shariah50.0% |
| WES Western Midstream Partners LP | NON_COMPLIANT | 6.58% | AAOIFI43.7% Usmani59.2% Dow Jones Islamic61.0% S&P Shariah68.0% MSCI Islamic59.1% MSCI Islamic M-Series68.0% FTSE Shariah57.9% |
| Antero Midstream Corp | UNSCREENED | 5.97% | no in-house ratios for this holding |
| First American Government Obli | UNSCREENED | 5.74% | no in-house ratios for this holding |
| First American Treasury Obliga | UNSCREENED | 5.74% | no in-house ratios for this holding |
| TRGP Targa Resources Corp | NON_COMPLIANT | 5.04% | AAOIFI31.5% Usmani71.4% Dow Jones Islamic46.4% S&P Shariah55.1% MSCI Islamic68.7% MSCI Islamic M-Series55.1% FTSE Shariah68.7% |
| KMI Kinder Morgan Inc | NON_COMPLIANT | 4.37% | AAOIFI46.1% Usmani43.5% Dow Jones Islamic53.0% S&P Shariah61.2% MSCI Islamic43.5% MSCI Islamic M-Series61.2% FTSE Shariah43.5% |
| Fidelity Government Portfolio | UNSCREENED | 3.75% | no in-house ratios for this holding |
| TRP TC Energy Corp | NON_COMPLIANT | 3.59% | AAOIFI2.3% Usmani1.7% Dow Jones Islamic2.6% S&P Shariah3.0% MSCI Islamic1.7% MSCI Islamic M-Series3.0% FTSE Shariah1.3% |
| DTM DT Midstream Inc | COMPLIANT | 3.20% | AAOIFI25.5% Usmani33.0% Dow Jones Islamic30.1% S&P Shariah36.3% MSCI Islamic33.0% MSCI Islamic M-Series36.3% FTSE Shariah32.6% |
| LNG Cheniere Energy Inc | NON_COMPLIANT | 2.97% | AAOIFI44.4% Usmani55.8% Dow Jones Islamic54.4% S&P Shariah58.8% MSCI Islamic55.8% MSCI Islamic M-Series58.8% FTSE Shariah50.6% |
The published standards disagree about this fund by 3 points of portfolio weight — 6.8% of it passes AAOIFI, 3.6% 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 6.8% ratios fail on 52.5% 55.5% not rated under AAOIFI
ratios pass on 3.6% ratios fail on 55.7% 55.5% not rated under Usmani
ratios pass on 6.8% ratios fail on 52.5% 55.5% not rated under Dow Jones Islamic
ratios pass on 3.6% ratios fail on 55.7% 55.5% not rated under S&P Shariah
ratios pass on 6.8% ratios fail on 52.5% 55.5% not rated under MSCI Islamic
ratios pass on 3.6% ratios fail on 55.7% 55.5% not rated under MSCI Islamic M-Series
ratios pass on 6.8% ratios fail on 52.5% 55.5% not rated under FTSE Shariah
9 of 16 listed holdings carry our own per-methodology verdicts (59% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none.
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Hennessy Midstream Fund (HMSIX) 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 |
|---|---|---|
| ETEnergy Transfer LP | 13.77% | Non-compliant |
| Enterprise Products Partners Lnot matched to a ticker | 13.68% | Not screened |
| Plains All American Pipeline Lnot matched to a ticker | 12.70% | Not screened |
| MPLXMPLX LP | 12.18% | Non-compliant |
| ONEOK Incnot matched to a ticker | 7.88% | Not screened |
| WMBWilliams Cos Inc/The | 7.61% | Non-compliant |
| WESWestern Midstream Partners LP | 6.58% | Non-compliant |
| Antero Midstream Corpnot matched to a ticker | 5.97% | Not screened |
| First American Government Oblinot matched to a ticker | 5.74% | Not screened |
| First American Treasury Obliganot matched to a ticker | 5.74% | Not screened |
Top 10 of 16 holdings, 91.9% 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 HMSIX. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
Tracked since 2026-09-07.
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) | 45.90 | NEUTRAL |
| Stochastic %K (14) | 75.86 | NEUTRAL |
| CCI (20) | -20.48 | NEUTRAL |
| Williams %R (14) | -24.14 | NEUTRAL |
| MACD (12,26,9) | 0.02 | BUY |
| ROC (10) | 0.88 | BUY |
| Momentum (10) | 0.12 | BUY |
| EMA (10) | 13.67 | BUY |
| SMA (10) | 13.56 | BUY |
| EMA (20) | 13.76 | SELL |
| SMA (20) | 13.76 | SELL |
| EMA (30) | 13.82 | SELL |
| SMA (30) | 13.97 | SELL |
| EMA (50) | 13.86 | SELL |
| SMA (50) | 13.97 | SELL |
| EMA (100) | 13.72 | SELL |
| SMA (100) | 13.80 | SELL |
| EMA (200) | 13.19 | BUY |
| SMA (200) | 13.35 | 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.