Verdicts genuinely change. Free email alert the moment KDEF'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.
PLUS Korea Defense Industry Index ETF · Exchange Listed Funds Trust
21 holdings
NON-COMPLIANT At least 43.86% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 39% turns out to be. Matching more holdings can only raise this share, never lower it.
21 holdings, 8 matched (61% of weight). Portfolio as of 2026-05-31, filed 2026-07-28. Source: SEC Form N-PORT.
0.59% of this portfolio’s income is non-permissible — weighted across holdings, computed over 61% of portfolio weight (8 of 21 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 |
|---|---|---|---|
| 012450.KS HANWHA AEROSPACE CO LTD | NON_COMPLIANT | 18.48% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 064350.KS HYUNDAI ROTEM COMPANY | COMPLIANT | 16.88% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| 079550.KS LIG DEFENSE & AEROSPACE CO LTD | NON_COMPLIANT | 5.80% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 329180.KS HD HYUNDAI HEAVY INDUSTRIES CO LTD | NON_COMPLIANT | 4.74% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 047810.KS KOREA AEROSPACE INDUSTRIES LTD | NON_COMPLIANT | 4.52% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| FIRSTEC COMPANY LTD | UNSCREENED | 4.48% | no in-house ratios for this holding |
| 103140.KS POONGSAN CORP | NON_COMPLIANT | 4.10% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| HANWHA SYSTEMS CO LTD | UNSCREENED | 4.07% | no in-house ratios for this holding |
| SNT DYNAMICS CO LTD | UNSCREENED | 3.96% | no in-house ratios for this holding |
| SAMHYUN CO LTD | UNSCREENED | 3.60% | no in-house ratios for this holding |
| HYUNDAI WIA CORP | UNSCREENED | 3.59% | no in-house ratios for this holding |
| 042660.KS HANWHA OCEAN CO LTD | NON_COMPLIANT | 3.25% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| HJ SHIPBUILDING & CONSTRUCT CO LTD | UNSCREENED | 2.99% | no in-house ratios for this holding |
| 064960.KS SNT MOTIV CO LTD | NON_COMPLIANT | 2.96% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SPHERE CORP | UNSCREENED | 2.86% | no in-house ratios for this holding |
| SK OCEANPLANT CO LTD | UNSCREENED | 2.81% | no in-house ratios for this holding |
| SATREC INITIATIVE CO LTD | UNSCREENED | 2.64% | no in-house ratios for this holding |
| MNC SOLUTION CO LTD | UNSCREENED | 2.48% | no in-house ratios for this holding |
| WOORI TECHNOLOGY INC | UNSCREENED | 2.36% | no in-house ratios for this holding |
| SAMYANG COMTECH CO LTD | UNSCREENED | 2.31% | no in-house ratios for this holding |
| BBH SWEEP VEHICLE | UNSCREENED | 1.16% | no in-house ratios for this holding |
The published standards disagree about this fund by 17 points of portfolio weight — 21.0% of it passes Usmani, 4.1% 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 16.9% ratios fail on 43.9% 39.3% not rated under AAOIFI
ratios pass on 21.0% ratios fail on 39.8% 39.3% not rated under Usmani
ratios pass on 16.9% ratios fail on 43.9% 39.3% not rated under Dow Jones Islamic
ratios pass on 16.9% ratios fail on 43.9% 39.3% not rated under S&P Shariah
ratios pass on 4.1% ratios fail on 56.6% 39.3% not rated under MSCI Islamic
ratios pass on 16.9% ratios fail on 43.9% 39.3% not rated under MSCI Islamic M-Series
ratios pass on 4.1% ratios fail on 56.6% 39.3% not rated under FTSE Shariah
8 of 21 listed holdings carry our own per-methodology verdicts (61% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 0 (0% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| 012450.KS HANWHA AEROSPACE CO LTD | 18.48% |
| 079550.KS LIG DEFENSE & AEROSPACE CO LTD | 5.80% |
| 329180.KS HD HYUNDAI HEAVY INDUSTRIES CO LTD | 4.74% |
| 047810.KS KOREA AEROSPACE INDUSTRIES LTD | 4.52% |
| 103140.KS POONGSAN CORP | 4.10% |
| 042660.KS HANWHA OCEAN CO LTD | 3.25% |
| 064960.KS SNT MOTIV CO LTD | 2.96% |
Methodology breakdown computing — it will appear here on its own.
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
PLUS Korea Defense Industry Index ETF (KDEF) 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.
Computing the full ratio and business-activity breakdown for KDEF — this runs off the critical path so the page paints first. It will appear here on its own.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
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) | 35.60 | NEUTRAL |
| Stochastic %K (14) | 11.94 | BUY |
| CCI (20) | -121.03 | BUY |
| Williams %R (14) | -88.06 | BUY |
| MACD (12,26,9) | -0.63 | SELL |
| ROC (10) | -17.83 | SELL |
| Momentum (10) | -7.94 | SELL |
| EMA (10) | 38.67 | SELL |
| SMA (10) | 39.35 | SELL |
| EMA (20) | 40.02 | SELL |
| SMA (20) | 40.80 | SELL |
| EMA (30) | 40.65 | SELL |
| SMA (30) | 41.38 | SELL |
| EMA (50) | 41.45 | SELL |
| SMA (50) | 42.14 | SELL |
| EMA (100) | 43.37 | SELL |
| SMA (100) | 42.22 | SELL |
| EMA (200) | 46.54 | SELL |
| SMA (200) | 49.80 | SELL |
The fund normally invests in securities comprising the index. The index is designed to track the performance of South Korean companies that have demonstrated high relevance to defense (“Korea Defense Companies”). Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in securities comprising the index. The fund is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
Weak — low conviction, small size or skip
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BEARISH | 42 |
| 🕐 1H | RANGING | 56 |
| ⏱ 15-Min | RANGING | 130 |
| ⏲ 5-Min | BEARISH | 234 |
Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.
How the rest of the sector moved over the same window. Context for a price move, never a cause of one.
Peer movement computing — it will appear here on its own.
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.
Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.
NO DATA 0 buys · 0 sells
The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.
NEUTRAL report date 2026-10-13 · Asset managers net 915835 (+9220)
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.