Verdicts genuinely change. Free email alert the moment HNMDX'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.
Heartland Mid Cap Value Fund · HEARTLAND GROUP INC.
60 holdings
NON-COMPLIANT 47.36% of portfolio weight is in non-compliant holdings, over the 5% threshold.
60 holdings, 52 matched (88% of weight). Portfolio as of 2026-06-30, filed 2026-08-21. Source: SEC Form N-PORT.
1.14% of this portfolio’s income is non-permissible — weighted across holdings, computed over 79% of portfolio weight (46 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.
40.3% compliant 0.0% questionable 47.4% non-compliant 11.4% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| TDY Teledyne Technologies Inc | NON_COMPLIANT | 4.54% | AAOIFI7.2% Usmani13.3% Dow Jones Islamic8.0% S&P Shariah8.7% MSCI Islamic13.3% MSCI Islamic M-Series8.7% FTSE Shariah13.3% |
| EOG Eog Resources Inc | COMPLIANT | 3.75% | AAOIFI10.8% Usmani15.1% Dow Jones Islamic12.6% S&P Shariah12.5% MSCI Islamic15.1% MSCI Islamic M-Series12.5% FTSE Shariah14.5% |
| EXC Exelon Corp | NON_COMPLIANT | 3.42% | AAOIFI109.9% Usmani42.1% Dow Jones Islamic115.7% S&P Shariah124.5% MSCI Islamic42.1% MSCI Islamic M-Series124.5% FTSE Shariah42.1% |
| PSA Public Storage | NON_COMPLIANT | 3.39% | AAOIFI18.1% Usmani50.6% Dow Jones Islamic19.9% S&P Shariah20.7% MSCI Islamic50.6% MSCI Islamic M-Series20.7% FTSE Shariah50.6% |
| WSO Watsco Inc | COMPLIANT | 3.14% | AAOIFI7.1% Usmani17.8% Dow Jones Islamic5.3% S&P Shariah5.4% MSCI Islamic17.6% MSCI Islamic M-Series5.4% FTSE Shariah9.6% |
| Jb Hunt Transport Services Inc | UNSCREENED | 3.09% | no in-house ratios for this holding |
| BDX Becton Dickinson & Co | NON_COMPLIANT | 2.94% | AAOIFI33.4% Usmani33.1% Dow Jones Islamic30.8% S&P Shariah28.7% MSCI Islamic33.1% MSCI Islamic M-Series28.7% FTSE Shariah33.1% |
| KEYS Keysight Technologies Inc | COMPLIANT | 2.72% | AAOIFI4.8% Usmani23.0% Dow Jones Islamic7.5% S&P Shariah8.4% MSCI Islamic23.0% MSCI Islamic M-Series8.4% FTSE Shariah21.1% |
| NOV Nov Inc | NON_COMPLIANT | 2.66% | AAOIFI27.3% Usmani21.0% Dow Jones Islamic35.8% S&P Shariah33.5% MSCI Islamic18.7% MSCI Islamic M-Series33.5% FTSE Shariah15.4% |
| HSY Hershey Co/the | COMPLIANT | 2.57% | AAOIFI15.8% Usmani39.9% Dow Jones Islamic13.9% S&P Shariah13.9% MSCI Islamic39.4% MSCI Islamic M-Series13.9% FTSE Shariah37.1% |
| Dr Horton Inc | UNSCREENED | 2.30% | no in-house ratios for this holding |
| HUM Humana Inc | NON_COMPLIANT | 2.14% | AAOIFI30.1% Usmani26.3% Dow Jones Islamic44.9% S&P Shariah38.8% MSCI Islamic26.3% MSCI Islamic M-Series38.8% FTSE Shariah25.3% |
| CPT Camden Property Trust | NON_COMPLIANT | 2.12% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| KMI Kinder Morgan Inc | NON_COMPLIANT | 2.09% | AAOIFI46.1% Usmani43.5% Dow Jones Islamic53.0% S&P Shariah61.2% MSCI Islamic43.5% MSCI Islamic M-Series61.2% FTSE Shariah43.5% |
| FE Firstenergy Corp | NON_COMPLIANT | 2.03% | AAOIFI101.8% Usmani48.1% Dow Jones Islamic111.3% S&P Shariah119.2% MSCI Islamic48.0% MSCI Islamic M-Series119.2% FTSE Shariah47.5% |
| WEC Wec Energy Group Inc | NON_COMPLIANT | 2.00% | AAOIFI57.5% Usmani39.9% Dow Jones Islamic61.9% S&P Shariah68.5% MSCI Islamic39.1% MSCI Islamic M-Series68.5% FTSE Shariah39.1% |
| XEL Xcel Energy Inc | NON_COMPLIANT | 1.94% | AAOIFI82.6% Usmani47.8% Dow Jones Islamic94.9% S&P Shariah105.9% MSCI Islamic46.3% MSCI Islamic M-Series105.9% FTSE Shariah45.3% |
| CNC Centene Corp | NON_COMPLIANT | 1.92% | AAOIFI50.5% Usmani19.4% Dow Jones Islamic62.6% S&P Shariah53.4% MSCI Islamic19.4% MSCI Islamic M-Series53.4% FTSE Shariah19.4% |
| MKTX Marketaxess Holdings Inc | COMPLIANT | 1.86% | AAOIFI2.0% Usmani4.8% Dow Jones Islamic1.6% S&P Shariah1.6% MSCI Islamic4.8% MSCI Islamic M-Series1.6% FTSE Shariah4.8% |
| ACGL Arch Capital Group Ltd | NON_COMPLIANT | 1.84% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| COO Cooper Cos Inc/the | COMPLIANT | 1.81% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| Aramark | UNSCREENED | 1.79% | no in-house ratios for this holding |
| MOH Molina Healthcare Inc | NON_COMPLIANT | 1.76% | AAOIFI36.0% Usmani24.7% Dow Jones Islamic29.7% S&P Shariah24.7% MSCI Islamic23.6% MSCI Islamic M-Series24.7% FTSE Shariah23.6% |
| DCI Donaldson Co Inc | COMPLIANT | 1.73% | AAOIFI13.2% Usmani33.6% Dow Jones Islamic14.4% S&P Shariah15.1% MSCI Islamic33.6% MSCI Islamic M-Series15.1% FTSE Shariah32.1% |
| EG Everest Group Ltd | NON_COMPLIANT | 1.63% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| HUBB Hubbell Inc | COMPLIANT | 1.60% | AAOIFI11.2% Usmani32.5% Dow Jones Islamic11.8% S&P Shariah12.7% MSCI Islamic32.5% MSCI Islamic M-Series12.7% FTSE Shariah30.6% |
| NUE Nucor Corp | COMPLIANT | 1.59% | AAOIFI11.2% Usmani17.6% Dow Jones Islamic17.6% S&P Shariah17.3% MSCI Islamic17.6% MSCI Islamic M-Series17.3% FTSE Shariah17.6% |
| PKG Packaging Corp Of America | COMPLIANT | 1.57% | AAOIFI20.8% Usmani40.0% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic39.9% MSCI Islamic M-Series0.2% FTSE Shariah36.0% |
| WAT Waters Corp | COMPLIANT | 1.56% | AAOIFI14.1% Usmani21.2% Dow Jones Islamic21.2% S&P Shariah23.3% MSCI Islamic21.2% MSCI Islamic M-Series23.3% FTSE Shariah19.7% |
| SYY Sysco Corp | NON_COMPLIANT | 1.55% | AAOIFI38.2% Usmani54.1% Dow Jones Islamic41.2% S&P Shariah41.9% MSCI Islamic52.7% MSCI Islamic M-Series41.9% FTSE Shariah47.6% |
| PPG Ppg Industries Inc | COMPLIANT | 1.50% | AAOIFI31.6% Usmani34.8% Dow Jones Islamic30.9% S&P Shariah29.1% MSCI Islamic34.7% MSCI Islamic M-Series29.1% FTSE Shariah32.1% |
| BALL Ball Corp | NON_COMPLIANT | 1.47% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| MSA Msa Safety Inc | COMPLIANT | 1.44% | AAOIFI8.8% Usmani24.7% Dow Jones Islamic9.9% S&P Shariah9.8% MSCI Islamic24.7% MSCI Islamic M-Series9.8% FTSE Shariah23.1% |
| NTRS Northern Trust Corp | NON_COMPLIANT | 1.43% | AAOIFI11.1% Usmani2.1% Dow Jones Islamic15.8% S&P Shariah17.9% MSCI Islamic2.1% MSCI Islamic M-Series17.9% FTSE Shariah2.1% |
| THO Thor Industries Inc | COMPLIANT | 1.40% | AAOIFI24.7% Usmani13.1% Dow Jones Islamic19.0% S&P Shariah18.4% MSCI Islamic13.1% MSCI Islamic M-Series18.4% FTSE Shariah12.5% |
| PNC Pnc Financial Services Group Inc/the | NON_COMPLIANT | 1.38% | AAOIFI87.5% Usmani13.9% Dow Jones Islamic110.0% S&P Shariah122.6% MSCI Islamic13.9% MSCI Islamic M-Series122.6% FTSE Shariah13.9% |
| MUSA Murphy Usa Inc | COMPLIANT | 1.35% | AAOIFI29.4% Usmani56.5% Dow Jones Islamic30.8% S&P Shariah31.4% MSCI Islamic54.3% MSCI Islamic M-Series31.4% FTSE Shariah43.0% |
| LUV Southwest Airlines Co | COMPLIANT | 1.28% | AAOIFI36.4% Usmani22.9% Dow Jones Islamic36.4% S&P Shariah38.5% MSCI Islamic22.9% MSCI Islamic M-Series38.5% FTSE Shariah19.7% |
| CSL Carlisle Cos Inc | COMPLIANT | 1.24% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| Slb Ltd | UNSCREENED | 1.18% | no in-house ratios for this holding |
| Texas Capital Bancshares Inc | UNSCREENED | 1.17% | no in-house ratios for this holding |
| MIDD Middleby Corp/the | NON_COMPLIANT | 1.10% | AAOIFI40.7% Usmani37.3% Dow Jones Islamic27.5% S&P Shariah27.5% MSCI Islamic37.3% MSCI Islamic M-Series27.5% FTSE Shariah36.9% |
| KEX Kirby Corp | COMPLIANT | 1.10% | AAOIFI16.8% Usmani19.6% Dow Jones Islamic18.8% S&P Shariah19.7% MSCI Islamic19.6% MSCI Islamic M-Series19.7% FTSE Shariah16.6% |
| LECO Lincoln Electric Holdings Inc | COMPLIANT | 1.08% | AAOIFI8.0% Usmani31.5% Dow Jones Islamic9.6% S&P Shariah9.9% MSCI Islamic31.5% MSCI Islamic M-Series9.9% FTSE Shariah30.2% |
| DGX Quest Diagnostics Inc | COMPLIANT | 1.08% | AAOIFI24.4% Usmani37.7% Dow Jones Islamic32.1% S&P Shariah35.4% MSCI Islamic37.7% MSCI Islamic M-Series35.4% FTSE Shariah33.3% |
| AOS A O Smith Corp | COMPLIANT | 1.03% | AAOIFI8.5% Usmani18.6% Dow Jones Islamic13.3% S&P Shariah12.8% MSCI Islamic18.6% MSCI Islamic M-Series12.8% FTSE Shariah17.5% |
| FIS Fidelity National Information Services Inc | NON_COMPLIANT | 1.01% | AAOIFI78.8% Usmani38.6% Dow Jones Islamic50.4% S&P Shariah49.4% MSCI Islamic38.6% MSCI Islamic M-Series49.4% FTSE Shariah38.4% |
| IFF International Flavors & Fragrances Inc | NON_COMPLIANT | 1.00% | AAOIFI26.5% Usmani23.0% Dow Jones Islamic29.7% S&P Shariah29.3% MSCI Islamic23.0% MSCI Islamic M-Series29.3% FTSE Shariah22.7% |
| ON On Semiconductor Corp | COMPLIANT | 0.97% | AAOIFI16.9% Usmani34.9% Dow Jones Islamic18.0% S&P Shariah16.5% MSCI Islamic34.7% MSCI Islamic M-Series16.5% FTSE Shariah33.1% |
| RHI Robert Half Inc | COMPLIANT | 0.95% | AAOIFI6.0% Usmani8.4% Dow Jones Islamic6.0% S&P Shariah4.9% MSCI Islamic8.4% MSCI Islamic M-Series4.9% FTSE Shariah0.0% |
| INGR Ingredion Inc | COMPLIANT | 0.90% | AAOIFI28.1% Usmani22.1% Dow Jones Islamic23.4% S&P Shariah24.2% MSCI Islamic22.1% MSCI Islamic M-Series24.2% FTSE Shariah22.1% |
| Willis Towers Watson Plc | UNSCREENED | 0.88% | no in-house ratios for this holding |
| ORI Old Republic International Corp | NON_COMPLIANT | 0.76% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| Vail Resorts Inc | UNSCREENED | 0.68% | no in-house ratios for this holding |
| LDOS Leidos Holdings Inc | NON_COMPLIANT | 0.63% | AAOIFI39.5% Usmani42.1% Dow Jones Islamic32.6% S&P Shariah34.8% MSCI Islamic42.1% MSCI Islamic M-Series34.8% FTSE Shariah38.6% |
| MHK Mohawk Industries Inc | NON_COMPLIANT | 0.62% | AAOIFI29.9% Usmani17.1% Dow Jones Islamic31.4% S&P Shariah32.2% MSCI Islamic17.1% MSCI Islamic M-Series32.2% FTSE Shariah13.9% |
| TEL Te Connectivity Ltd | COMPLIANT | 0.48% | AAOIFI9.5% Usmani21.6% Dow Jones Islamic10.3% S&P Shariah11.2% MSCI Islamic21.6% MSCI Islamic M-Series11.2% FTSE Shariah21.6% |
| LOPE Grand Canyon Education Inc | COMPLIANT | 0.33% | AAOIFI2.6% Usmani11.3% Dow Jones Islamic2.2% S&P Shariah2.3% MSCI Islamic11.3% MSCI Islamic M-Series2.3% FTSE Shariah0.0% |
| First Citizens Bancshares Inc/nc | UNSCREENED | 0.30% | no in-house ratios for this holding |
| LRCX Lam Research Corp | COMPLIANT | 0.26% | AAOIFI1.0% Usmani17.5% Dow Jones Islamic2.1% S&P Shariah2.4% MSCI Islamic17.5% MSCI Islamic M-Series2.4% FTSE Shariah15.8% |
The published standards disagree about this fund by 15 points of portfolio weight — 50.2% of it passes Dow Jones Islamic, 35.3% 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 46.7% ratios fail on 32.9% 19.5% not rated under AAOIFI
ratios pass on 35.3% ratios fail on 41.0% 22.7% not rated under Usmani
ratios pass on 50.2% ratios fail on 29.4% 19.5% not rated under Dow Jones Islamic
ratios pass on 48.5% ratios fail on 31.1% 19.5% not rated under S&P Shariah
ratios pass on 37.0% ratios fail on 41.2% 20.8% not rated under MSCI Islamic
ratios pass on 48.5% ratios fail on 31.1% 19.5% not rated under MSCI Islamic M-Series
ratios pass on 43.5% ratios fail on 34.7% 20.8% not rated under FTSE Shariah
52 of 60 listed holdings carry our own per-methodology verdicts (88% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 48 (81% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Heartland Mid Cap Value Fund (HNMDX) 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 |
|---|---|---|
| TDYTeledyne Technologies Inc | 4.54% | Non-compliant |
| EOGEog Resources Inc | 3.75% | Compliant |
| EXCExelon Corp | 3.42% | Non-compliant |
| PSAPublic Storage | 3.39% | Non-compliant |
| WSOWatsco Inc | 3.14% | Compliant |
| Jb Hunt Transport Services Incnot matched to a ticker | 3.09% | Not screened |
| BDXBecton Dickinson & Co | 2.94% | Non-compliant |
| KEYSKeysight Technologies Inc | 2.72% | Compliant |
| NOVNov Inc | 2.66% | Non-compliant |
| HSYHershey Co/the | 2.57% | Compliant |
Top 10 of 60 holdings, 32.2% 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 HNMDX. 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) | 45.90 | NEUTRAL |
| Stochastic %K (14) | 88.24 | SELL |
| CCI (20) | 11.94 | NEUTRAL |
| Williams %R (14) | -11.76 | SELL |
| MACD (12,26,9) | 0.03 | BUY |
| ROC (10) | 0.20 | BUY |
| Momentum (10) | 0.03 | BUY |
| EMA (10) | 14.71 | BUY |
| SMA (10) | 14.66 | BUY |
| EMA (20) | 14.80 | SELL |
| SMA (20) | 14.76 | BUY |
| EMA (30) | 14.90 | SELL |
| SMA (30) | 14.93 | SELL |
| EMA (50) | 15.00 | SELL |
| SMA (50) | 15.21 | SELL |
| EMA (100) | 14.96 | SELL |
| SMA (100) | 15.10 | SELL |
| EMA (200) | 14.57 | BUY |
| SMA (200) | 14.68 | 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.