HROAXETF / FundM3Sixty Income and Opportunity Fund
Verdicts genuinely change. Free email alert the moment HROAX'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.
M3Sixty Income and Opportunity Fund · 360 Funds
39 holdings
NON-COMPLIANT 41.81% of portfolio weight is in non-compliant holdings, over the 5% threshold.
3.19% 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.
39 holdings, 35 matched (89% of weight). Portfolio as of 2026-08-31, filed 2026-10-23. Source: SEC Form N-PORT.
1.97% of this portfolio’s income is non-permissible — weighted across holdings, computed over 77% of portfolio weight (29 of 39 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.
39.0% compliant 7.5% questionable 41.8% non-compliant 11.5% unscreened
All holdings (39)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| HALO Halozyme Therapeutics Inc | COMPLIANT | 5.46% | AAOIFI17.2% Usmani83.3% Dow Jones Islamic27.4% S&P Shariah30.4% MSCI Islamic83.3% MSCI Islamic M-Series30.4% FTSE Shariah83.3% |
| Federated Hermes Government Obligations Fund | UNSCREENED | 5.26% | no in-house ratios for this holding |
| AAMI Acadian Asset Management Inc | NON_COMPLIANT | 4.83% | AAOIFI6.1% Usmani23.3% Dow Jones Islamic11.1% S&P Shariah13.5% MSCI Islamic23.3% MSCI Islamic M-Series13.5% FTSE Shariah23.3% |
| YALA Yalla Group Ltd | NON_COMPLIANT | 4.57% | AAOIFI0.2% Usmani0.2% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic0.2% MSCI Islamic M-Series0.2% FTSE Shariah0.0% |
| Global X Silver Miners ETF | UNSCREENED | 3.77% | no in-house ratios for this holding |
| META Meta Platforms Inc | QUESTIONABLE | 3.67% | AAOIFI7.2% Usmani25.0% Dow Jones Islamic7.0% S&P Shariah7.9% MSCI Islamic25.0% MSCI Islamic M-Series7.9% FTSE Shariah18.6% |
| 7974.T Nintendo Co Ltd | COMPLIANT | 3.58% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| KINS Kingstone Cos Inc | NON_COMPLIANT | 3.53% | AAOIFI1.3% Usmani0.8% Dow Jones Islamic1.9% S&P Shariah2.6% MSCI Islamic0.8% MSCI Islamic M-Series2.6% FTSE Shariah0.8% |
| EQT EQT Corp | COMPLIANT | 3.30% | AAOIFI16.4% Usmani13.7% Dow Jones Islamic18.1% S&P Shariah21.8% MSCI Islamic13.7% MSCI Islamic M-Series21.8% FTSE Shariah13.7% |
| FSLR First Solar Inc | COMPLIANT | 3.24% | AAOIFI0.9% Usmani1.4% Dow Jones Islamic0.7% S&P Shariah0.7% MSCI Islamic1.2% MSCI Islamic M-Series0.7% FTSE Shariah0.3% |
| United States Treasury Note/Bond | NON_COMPLIANT | 3.19% | no in-house ratios for this holding |
| CSCO Cisco Systems Inc | COMPLIANT | 3.19% | AAOIFI5.7% Usmani18.9% Dow Jones Islamic8.4% S&P Shariah9.5% MSCI Islamic18.9% MSCI Islamic M-Series9.5% FTSE Shariah17.6% |
| SRTS Sensus Healthcare Inc | COMPLIANT | 2.98% | AAOIFI0.7% Usmani0.8% Dow Jones Islamic0.4% S&P Shariah0.5% MSCI Islamic0.8% MSCI Islamic M-Series0.5% FTSE Shariah0.0% |
| MANH Manhattan Associates Inc | COMPLIANT | 2.86% | AAOIFI0.4% Usmani7.7% Dow Jones Islamic0.5% S&P Shariah0.4% MSCI Islamic7.7% MSCI Islamic M-Series0.4% FTSE Shariah0.0% |
| MLCI Mount Logan Capital Inc | NON_COMPLIANT | 2.85% | AAOIFI273.9% Usmani6.3% Dow Jones Islamic408.0% S&P Shariah612.0% MSCI Islamic6.3% MSCI Islamic M-Series612.0% FTSE Shariah6.3% |
| NVDA NVIDIA Corp | COMPLIANT | 2.83% | AAOIFI1.1% Usmani12.1% Dow Jones Islamic0.9% S&P Shariah1.1% MSCI Islamic12.1% MSCI Islamic M-Series1.1% FTSE Shariah10.4% |
| YORW York Water Co/The | NON_COMPLIANT | 2.62% | AAOIFI37.9% Usmani26.9% Dow Jones Islamic40.6% S&P Shariah39.6% MSCI Islamic26.9% MSCI Islamic M-Series39.6% FTSE Shariah26.9% |
| AZN AstraZeneca PLC | COMPLIANT | 2.60% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| C Citigroup Inc | NON_COMPLIANT | 2.53% | AAOIFI159.2% Usmani13.8% Dow Jones Islamic214.6% S&P Shariah251.0% MSCI Islamic13.8% MSCI Islamic M-Series251.0% FTSE Shariah13.8% |
| UBER Uber Technologies Inc | COMPLIANT | 2.42% | AAOIFI9.5% Usmani22.4% Dow Jones Islamic8.9% S&P Shariah9.6% MSCI Islamic22.4% MSCI Islamic M-Series9.6% FTSE Shariah19.3% |
| XMTR Xometry Inc | COMPLIANT | 2.38% | AAOIFI7.3% Usmani32.1% Dow Jones Islamic15.3% S&P Shariah19.0% MSCI Islamic32.1% MSCI Islamic M-Series19.0% FTSE Shariah31.1% |
| WCC WESCO International Inc | NON_COMPLIANT | 2.18% | AAOIFI40.2% Usmani37.7% Dow Jones Islamic58.2% S&P Shariah64.7% MSCI Islamic37.7% MSCI Islamic M-Series64.7% FTSE Shariah33.3% |
| LYFT Lyft Inc | NON_COMPLIANT | 2.17% | AAOIFI19.4% Usmani14.2% Dow Jones Islamic20.0% S&P Shariah20.8% MSCI Islamic13.5% MSCI Islamic M-Series20.8% FTSE Shariah11.5% |
| GOOG Alphabet Inc | QUESTIONABLE | 2.15% | AAOIFI2.9% Usmani13.1% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic12.8% MSCI Islamic M-Series4.5% FTSE Shariah10.9% |
| CCL Carnival Corp Ltd | NON_COMPLIANT | 1.99% | AAOIFI72.6% Usmani50.6% Dow Jones Islamic82.0% S&P Shariah96.0% MSCI Islamic50.6% MSCI Islamic M-Series96.0% FTSE Shariah48.2% |
| Pershing Square Inc | UNSCREENED | 1.93% | no in-house ratios for this holding |
| HII Huntington Ingalls Industries Inc | NON_COMPLIANT | 1.87% | AAOIFI25.6% Usmani23.1% Dow Jones Islamic27.0% S&P Shariah28.2% MSCI Islamic23.1% MSCI Islamic M-Series28.2% FTSE Shariah21.3% |
| NCLH Norwegian Cruise Line Holdings Ltd | NON_COMPLIANT | 1.86% | AAOIFI223.5% Usmani66.5% Dow Jones Islamic165.6% S&P Shariah179.7% MSCI Islamic66.5% MSCI Islamic M-Series179.7% FTSE Shariah62.6% |
| GEVO Gevo Inc | NON_COMPLIANT | 1.86% | AAOIFI41.9% Usmani34.8% Dow Jones Islamic40.7% S&P Shariah48.7% MSCI Islamic34.6% MSCI Islamic M-Series48.7% FTSE Shariah34.1% |
| BABA Alibaba Group Holding Ltd | COMPLIANT | 1.83% | AAOIFI7.6% Usmani1.1% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic1.1% MSCI Islamic M-Series0.2% FTSE Shariah0.0% |
| DKL Delek Logistics Partners LP | NON_COMPLIANT | 1.78% | AAOIFI73.9% Usmani83.9% Dow Jones Islamic107.3% S&P Shariah120.8% MSCI Islamic82.8% MSCI Islamic M-Series120.8% FTSE Shariah82.7% |
| AMZN Amazon.com Inc | QUESTIONABLE | 1.67% | AAOIFI8.2% Usmani22.1% Dow Jones Islamic9.6% S&P Shariah10.6% MSCI Islamic20.9% MSCI Islamic M-Series10.6% FTSE Shariah12.1% |
| MWH Solv Energy Inc | COMPLIANT | 1.64% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic— S&P Shariah— MSCI Islamic0.0% MSCI Islamic M-Series— FTSE Shariah0.0% |
| BIDU Baidu Inc | NON_COMPLIANT | 1.53% | AAOIFI156.9% Usmani11.2% Dow Jones Islamic2.5% S&P Shariah2.5% MSCI Islamic11.2% MSCI Islamic M-Series2.5% FTSE Shariah9.5% |
| MS Morgan Stanley | NON_COMPLIANT | 1.37% | AAOIFI115.6% Usmani23.4% Dow Jones Islamic161.6% S&P Shariah189.1% MSCI Islamic23.4% MSCI Islamic M-Series189.1% FTSE Shariah23.4% |
| JAN Janus Living Inc | COMPLIANT | 0.67% | AAOIFI0.0% Usmani0.0% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic0.0% MSCI Islamic M-Seriespass FTSE Shariah0.0% |
| PPL PPL Corp | NON_COMPLIANT | 0.59% | AAOIFI77.2% Usmani43.2% Dow Jones Islamic78.6% S&P Shariah86.6% MSCI Islamic43.2% MSCI Islamic M-Series86.6% FTSE Shariah43.2% |
| Pershing Square USA Ltd | UNSCREENED | 0.51% | no in-house ratios for this holding |
| TIGRN.MX Up Fintech Holding Ltd | NON_COMPLIANT | 0.48% | AAOIFI19.0% Usmani2.2% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic2.1% MSCI Islamic M-Seriesfail FTSE Shariah2.1% |
The published standards disagree about this fund by 17 points of portfolio weight — 46.0% of it passes S&P Shariah, 28.6% passes MSCI 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 43.9% ratios fail on 33.7% 22.1% not rated under AAOIFI
ratios pass on 28.7% ratios fail on 35.5% 35.5% not rated under Usmani
ratios pass on 43.9% ratios fail on 31.9% 23.9% not rated under Dow Jones Islamic
ratios pass on 46.0% ratios fail on 29.8% 23.9% not rated under S&P Shariah
ratios pass on 28.6% ratios fail on 39.9% 31.2% not rated under MSCI Islamic
ratios pass on 43.9% ratios fail on 31.9% 23.9% not rated under MSCI Islamic M-Series
ratios pass on 30.7% ratios fail on 38.3% 30.7% not rated under FTSE Shariah
34 of 39 listed holdings carry our own per-methodology verdicts (85% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 32 (79% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| AAMI Acadian Asset Management Inc | 4.83% |
| YALA Yalla Group Ltd | 4.57% |
| KINS Kingstone Cos Inc | 3.53% |
| United States Treasury Note/Bond | 3.19% |
| MLCI Mount Logan Capital Inc | 2.85% |
| YORW York Water Co/The | 2.62% |
| C Citigroup Inc | 2.53% |
| WCC WESCO International Inc | 2.18% |
| LYFT Lyft Inc | 2.17% |
| CCL Carnival Corp Ltd | 1.99% |
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
M3Sixty Income and Opportunity Fund (HROAX) 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.
Screened on its holdings, not its name
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 |
|---|---|---|
| HALOHalozyme Therapeutics Inc | 5.46% | Compliant |
| Federated Hermes Government Obligations Fundnot matched to a ticker | 5.26% | Not screened |
| AAMIAcadian Asset Management Inc | 4.83% | Non-compliant |
| YALAYalla Group Ltd | 4.57% | Non-compliant |
| Global X Silver Miners ETFnot matched to a ticker | 3.77% | Not screened |
| METAMeta Platforms Inc | 3.67% | Questionable |
| 7974.TNintendo Co Ltd | 3.58% | Compliant |
| KINSKingstone Cos Inc | 3.53% | Non-compliant |
| EQTEQT Corp | 3.30% | Compliant |
| FSLRFirst Solar Inc | 3.24% | Compliant |
Top 10 of 39 holdings, 41.2% of the fund by weight. Every holding is screened, not only these.
What holds the number back
The positions keeping this fund short of 100% compliant by weight.
- Federated Hermes Government Obligations Fundnot screened5.26%
- AAMInon-compliant4.83%
- YALAnon-compliant4.57%
- Global X Silver Miners ETFnot screened3.77%
- METAquestionable3.67%
- KINSnon-compliant3.53%
What changed, and when
Verdict history for HROAX. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
- 2026-09-07 No change recorded No verdict change for HROAX has been recorded since tracking began. The scan ledger records that the compliance detectors ran, not which symbols each pass covered.
ℹ️ no compliance scan has run for 2 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.
Price Forecast
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.
Technical Summary
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.
Every indicator, and what it reads
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 45.50 | NEUTRAL |
| Stochastic %K (14) | 35.00 | NEUTRAL |
| CCI (20) | -54.67 | NEUTRAL |
| Williams %R (14) | -65.00 | NEUTRAL |
| MACD (12,26,9) | -0.02 | SELL |
| ROC (10) | -1.83 | SELL |
| Momentum (10) | -0.22 | SELL |
| EMA (10) | 11.80 | SELL |
| SMA (10) | 11.79 | SELL |
| EMA (20) | 11.85 | SELL |
| SMA (20) | 11.87 | SELL |
| EMA (30) | 11.89 | SELL |
| SMA (30) | 11.90 | SELL |
| EMA (50) | 11.91 | SELL |
| SMA (50) | 11.99 | SELL |
| EMA (100) | 11.92 | SELL |
| SMA (100) | 11.84 | SELL |
| EMA (200) | 12.01 | SELL |
| SMA (200) | 11.90 | SELL |
SMC — Top Down
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
Before you act on this
The questions worth asking about any verdict on this page, answered plainly.
Is a fund screened on its name?
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.
What does unrated weight mean?
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.
Does the issuer's board make it compliant?
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.
How often is this re-screened?
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.
Compare with
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.
AI Summary
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.