MBORXETF / FundMadison Core Bond Fund
Verdicts genuinely change. Free email alert the moment MBORX'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.
Madison Core Bond Fund · MADISON FUNDS
386 holdings
NON-COMPLIANT 80.07% of portfolio weight is in non-compliant holdings, over the 5% threshold.
66.78% 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.
386 holdings, 303 matched (86% of weight). Portfolio as of 2026-07-31, filed 2026-09-17. Source: SEC Form N-PORT.
4.72% of this portfolio’s income is non-permissible — weighted across holdings, computed over 13% of portfolio weight (79 of 386 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.
3.9% compliant 1.1% questionable 80.1% non-compliant 14.4% unscreened
All holdings (386) · showing 1–250
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| United States Treasury | NON_COMPLIANT | 2.66% | no in-house ratios for this holding |
| United States Treasury | NON_COMPLIANT | 2.48% | no in-house ratios for this holding |
| United States Treasury | NON_COMPLIANT | 2.43% | no in-house ratios for this holding |
| United States Treasury | NON_COMPLIANT | 2.20% | no in-house ratios for this holding |
| United States Treasury | NON_COMPLIANT | 1.93% | no in-house ratios for this holding |
| United States Treasury | NON_COMPLIANT | 1.90% | no in-house ratios for this holding |
| United States Treasury | NON_COMPLIANT | 1.76% | no in-house ratios for this holding |
| United States Treasury | NON_COMPLIANT | 1.75% | no in-house ratios for this holding |
| United States Treasury | NON_COMPLIANT | 1.66% | no in-house ratios for this holding |
| United States Treasury | NON_COMPLIANT | 1.63% | no in-house ratios for this holding |
| State Street Global Advisors | UNSCREENED | 1.48% | no in-house ratios for this holding |
| United States Treasury | NON_COMPLIANT | 1.32% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 1.27% | no in-house ratios for this holding |
| United States Treasury | NON_COMPLIANT | 1.16% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 1.13% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 1.09% | no in-house ratios for this holding |
| Government National Mortgage Association | NON_COMPLIANT | 1.06% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.99% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.96% | no in-house ratios for this holding |
| United States Treasury | NON_COMPLIANT | 0.94% | no in-house ratios for this holding |
| United States Treasury | NON_COMPLIANT | 0.93% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.93% | no in-house ratios for this holding |
| United States Treasury | NON_COMPLIANT | 0.90% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.89% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.77% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.75% | no in-house ratios for this holding |
| United States Treasury | NON_COMPLIANT | 0.74% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.71% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.70% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.67% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.64% | no in-house ratios for this holding |
| Verizon Master Trust | UNSCREENED | 0.56% | no in-house ratios for this holding |
| Towd Point Mortgage Trust | UNSCREENED | 0.55% | no in-house ratios for this holding |
| United States Treasury | NON_COMPLIANT | 0.54% | no in-house ratios for this holding |
| United States Treasury | NON_COMPLIANT | 0.53% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.53% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.52% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.50% | no in-house ratios for this holding |
| Fanniemae-Aces | NON_COMPLIANT | 0.48% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.48% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.47% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.47% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.47% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.43% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.43% | no in-house ratios for this holding |
| State Street Global Advisors | UNSCREENED | 0.41% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.41% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.40% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.40% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.39% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.38% | no in-house ratios for this holding |
| United States Treasury | NON_COMPLIANT | 0.35% | no in-house ratios for this holding |
| DVN DEVON ENERGY CORPORATION | COMPLIANT | 0.35% | AAOIFI22.3% Usmani16.8% Dow Jones Islamic46.9% S&P Shariah45.5% MSCI Islamic16.7% MSCI Islamic M-Series45.5% FTSE Shariah16.1% |
| Fannie Mae | NON_COMPLIANT | 0.35% | no in-house ratios for this holding |
| SPACE EXPLORATION TECH | UNSCREENED | 0.33% | no in-house ratios for this holding |
| United States Treasury | NON_COMPLIANT | 0.32% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.32% | no in-house ratios for this holding |
| FISV FISERV INC | NON_COMPLIANT | 0.32% | AAOIFI99.4% Usmani34.6% Dow Jones Islamic38.9% S&P Shariah36.9% MSCI Islamic34.6% MSCI Islamic M-Series36.9% FTSE Shariah34.5% |
| ETN EATON CORP | COMPLIANT | 0.32% | AAOIFI13.4% Usmani38.0% Dow Jones Islamic15.6% S&P Shariah16.9% MSCI Islamic38.0% MSCI Islamic M-Series16.9% FTSE Shariah36.7% |
| Fannie Mae | NON_COMPLIANT | 0.32% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.32% | no in-house ratios for this holding |
| Government National Mortgage Association | NON_COMPLIANT | 0.32% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.31% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.31% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.31% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.31% | no in-house ratios for this holding |
| FREMF Mortgage Trust | UNSCREENED | 0.31% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.31% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.31% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.31% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.31% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.30% | no in-house ratios for this holding |
| United States Treasury | NON_COMPLIANT | 0.30% | no in-house ratios for this holding |
| United States Treasury | NON_COMPLIANT | 0.30% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.30% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.30% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.30% | no in-house ratios for this holding |
| VLO VALERO ENERGY CORP | COMPLIANT | 0.29% | AAOIFI10.3% Usmani14.1% Dow Jones Islamic17.0% S&P Shariah18.0% MSCI Islamic14.1% MSCI Islamic M-Series18.0% FTSE Shariah14.1% |
| Fannie Mae | NON_COMPLIANT | 0.29% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.29% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.28% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.28% | no in-house ratios for this holding |
| ABBV ABBVIE INC | COMPLIANT | 0.28% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| Fannie Mae | NON_COMPLIANT | 0.27% | no in-house ratios for this holding |
| TFC TRUIST FINANCIAL CORP | NON_COMPLIANT | 0.27% | AAOIFI110.7% Usmani12.6% Dow Jones Islamic124.2% S&P Shariah135.1% MSCI Islamic12.6% MSCI Islamic M-Series135.1% FTSE Shariah12.6% |
| Freddie Mac | NON_COMPLIANT | 0.27% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.27% | no in-house ratios for this holding |
| WFC WELLS FARGO & COMPANY | NON_COMPLIANT | 0.27% | AAOIFI80.2% Usmani9.1% Dow Jones Islamic84.8% S&P Shariah93.9% MSCI Islamic9.1% MSCI Islamic M-Series93.9% FTSE Shariah9.1% |
| Government National Mortgage Association | NON_COMPLIANT | 0.27% | no in-house ratios for this holding |
| PSMC Trust | UNSCREENED | 0.26% | no in-house ratios for this holding |
| JP Morgan Mortgage Trust | UNSCREENED | 0.26% | no in-house ratios for this holding |
| MARS INC | UNSCREENED | 0.25% | no in-house ratios for this holding |
| LOW LOWE'S COS INC | NON_COMPLIANT | 0.25% | AAOIFI35.6% Usmani71.7% Dow Jones Islamic30.1% S&P Shariah31.0% MSCI Islamic71.7% MSCI Islamic M-Series31.0% FTSE Shariah63.7% |
| Fannie Mae | NON_COMPLIANT | 0.25% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.25% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.25% | no in-house ratios for this holding |
| FANG DIAMONDBACK ENERGY INC | COMPLIANT | 0.25% | AAOIFI22.6% Usmani18.0% Dow Jones Islamic28.3% S&P Shariah31.9% MSCI Islamic18.0% MSCI Islamic M-Series31.9% FTSE Shariah18.0% |
| VZ VERIZON COMMUNICATIONS | NON_COMPLIANT | 0.24% | AAOIFI98.4% Usmani45.9% Dow Jones Islamic109.0% S&P Shariah116.8% MSCI Islamic45.9% MSCI Islamic M-Series116.8% FTSE Shariah40.3% |
| Towd Point Mortgage Trust | UNSCREENED | 0.24% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.24% | no in-house ratios for this holding |
| VLO VALERO ENERGY CORP | COMPLIANT | 0.24% | AAOIFI10.3% Usmani14.1% Dow Jones Islamic17.0% S&P Shariah18.0% MSCI Islamic14.1% MSCI Islamic M-Series18.0% FTSE Shariah14.1% |
| PNC FINANCIAL SERVICES | UNSCREENED | 0.24% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.24% | no in-house ratios for this holding |
| HPQ HP INC | NON_COMPLIANT | 0.24% | AAOIFI36.8% Usmani22.6% Dow Jones Islamic42.8% S&P Shariah41.1% MSCI Islamic22.6% MSCI Islamic M-Series41.1% FTSE Shariah20.0% |
| AXP AMERICAN EXPRESS CO | NON_COMPLIANT | 0.24% | AAOIFI26.8% Usmani19.2% Dow Jones Islamic27.4% S&P Shariah30.8% MSCI Islamic19.2% MSCI Islamic M-Series30.8% FTSE Shariah19.2% |
| Freddie Mac | NON_COMPLIANT | 0.24% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.23% | no in-house ratios for this holding |
| ASHTEAD CAPITAL INC | UNSCREENED | 0.23% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.23% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.23% | no in-house ratios for this holding |
| JP Morgan Mortgage Trust | UNSCREENED | 0.23% | no in-house ratios for this holding |
| BANK OF NY MELLON CORP | UNSCREENED | 0.23% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.23% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.23% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.23% | no in-house ratios for this holding |
| US BANCORP | UNSCREENED | 0.23% | no in-house ratios for this holding |
| WFC WELLS FARGO & COMPANY | NON_COMPLIANT | 0.23% | AAOIFI80.2% Usmani9.1% Dow Jones Islamic84.8% S&P Shariah93.9% MSCI Islamic9.1% MSCI Islamic M-Series93.9% FTSE Shariah9.1% |
| 8306.T MITSUBISHI UFJ FIN GRP | NON_COMPLIANT | 0.23% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| META META PLATFORMS INC | QUESTIONABLE | 0.23% | AAOIFI7.2% Usmani25.0% Dow Jones Islamic7.0% S&P Shariah7.9% MSCI Islamic25.0% MSCI Islamic M-Series7.9% FTSE Shariah18.6% |
| WFC WELLS FARGO & COMPANY | NON_COMPLIANT | 0.23% | AAOIFI80.2% Usmani9.1% Dow Jones Islamic84.8% S&P Shariah93.9% MSCI Islamic9.1% MSCI Islamic M-Series93.9% FTSE Shariah9.1% |
| JPM JPMORGAN CHASE & CO | NON_COMPLIANT | 0.22% | AAOIFI7.7% Usmani1.4% Dow Jones Islamic9.5% S&P Shariah10.7% MSCI Islamic1.4% MSCI Islamic M-Series10.7% FTSE Shariah1.4% |
| Fannie Mae | NON_COMPLIANT | 0.22% | no in-house ratios for this holding |
| GEHC GE HEALTHCARE TECH INC | NON_COMPLIANT | 0.22% | AAOIFI34.9% Usmani28.5% Dow Jones Islamic30.2% S&P Shariah30.1% MSCI Islamic28.4% MSCI Islamic M-Series30.1% FTSE Shariah27.3% |
| US BANCORP | UNSCREENED | 0.22% | no in-house ratios for this holding |
| RIO TINTO FIN USA PLC | UNSCREENED | 0.22% | no in-house ratios for this holding |
| BA.L BAE SYSTEMS PLC | NON_COMPLIANT | 0.22% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Freddie Mac | NON_COMPLIANT | 0.22% | no in-house ratios for this holding |
| MS MORGAN STANLEY | NON_COMPLIANT | 0.22% | AAOIFI115.6% Usmani23.4% Dow Jones Islamic161.6% S&P Shariah189.1% MSCI Islamic23.4% MSCI Islamic M-Series189.1% FTSE Shariah23.4% |
| Freddie Mac | NON_COMPLIANT | 0.22% | no in-house ratios for this holding |
| JPM JPMORGAN CHASE & CO | NON_COMPLIANT | 0.22% | AAOIFI7.7% Usmani1.4% Dow Jones Islamic9.5% S&P Shariah10.7% MSCI Islamic1.4% MSCI Islamic M-Series10.7% FTSE Shariah1.4% |
| GS GOLDMAN SACHS GROUP INC | NON_COMPLIANT | 0.22% | AAOIFI147.5% Usmani20.6% Dow Jones Islamic194.6% S&P Shariah229.2% MSCI Islamic20.6% MSCI Islamic M-Series229.2% FTSE Shariah20.6% |
| Evergreen Credit Card Trust | UNSCREENED | 0.22% | no in-house ratios for this holding |
| PAYX PAYCHEX INC | COMPLIANT | 0.22% | AAOIFI13.2% Usmani29.6% Dow Jones Islamic10.7% S&P Shariah11.0% MSCI Islamic29.6% MSCI Islamic M-Series11.0% FTSE Shariah29.1% |
| WMT WALMART INC | QUESTIONABLE | 0.22% | AAOIFI6.4% Usmani21.5% Dow Jones Islamic6.9% S&P Shariah8.0% MSCI Islamic19.2% MSCI Islamic M-Series8.0% FTSE Shariah13.6% |
| NTT FINANCE CORP | UNSCREENED | 0.22% | no in-house ratios for this holding |
| FIDELITY NATL INFO SERV | UNSCREENED | 0.22% | no in-house ratios for this holding |
| CFG CITIZENS FINANCIAL GROUP | NON_COMPLIANT | 0.22% | AAOIFI92.6% Usmani11.8% Dow Jones Islamic125.5% S&P Shariah143.3% MSCI Islamic11.8% MSCI Islamic M-Series143.3% FTSE Shariah11.8% |
| SPG SIMON PROPERTY GROUP LP | NON_COMPLIANT | 0.22% | AAOIFI42.4% Usmani72.3% Dow Jones Islamic57.5% S&P Shariah63.8% MSCI Islamic72.3% MSCI Islamic M-Series63.8% FTSE Shariah72.3% |
| SPG SIMON PROPERTY GROUP LP | NON_COMPLIANT | 0.22% | AAOIFI42.4% Usmani72.3% Dow Jones Islamic57.5% S&P Shariah63.8% MSCI Islamic72.3% MSCI Islamic M-Series63.8% FTSE Shariah72.3% |
| JP Morgan Mortgage Trust | UNSCREENED | 0.22% | no in-house ratios for this holding |
| HONA HONEYWELL AEROSPACE INC | COMPLIANT | 0.22% | AAOIFI32.8% Usmani83.4% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic83.4% MSCI Islamic M-Seriespass FTSE Shariah81.8% |
| Fannie Mae | NON_COMPLIANT | 0.21% | no in-house ratios for this holding |
| AMZN AMAZON.COM INC | QUESTIONABLE | 0.21% | AAOIFI8.2% Usmani22.1% Dow Jones Islamic9.6% S&P Shariah10.6% MSCI Islamic20.9% MSCI Islamic M-Series10.6% FTSE Shariah12.1% |
| NEXTERA ENERGY CAPITAL | UNSCREENED | 0.21% | no in-house ratios for this holding |
| GS GOLDMAN SACHS GROUP INC | NON_COMPLIANT | 0.21% | AAOIFI147.5% Usmani20.6% Dow Jones Islamic194.6% S&P Shariah229.2% MSCI Islamic20.6% MSCI Islamic M-Series229.2% FTSE Shariah20.6% |
| Fannie Mae | NON_COMPLIANT | 0.21% | no in-house ratios for this holding |
| CNC CENTENE CORP | NON_COMPLIANT | 0.21% | AAOIFI50.5% Usmani19.4% Dow Jones Islamic62.6% S&P Shariah53.4% MSCI Islamic19.4% MSCI Islamic M-Series53.4% FTSE Shariah19.4% |
| Fannie Mae | NON_COMPLIANT | 0.21% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.21% | no in-house ratios for this holding |
| RF REGIONS FINANCIAL CORP | NON_COMPLIANT | 0.21% | AAOIFI29.4% Usmani4.7% Dow Jones Islamic35.1% S&P Shariah38.7% MSCI Islamic4.7% MSCI Islamic M-Series38.7% FTSE Shariah4.7% |
| WELLTOWER OP LLC | UNSCREENED | 0.21% | no in-house ratios for this holding |
| META META PLATFORMS INC | QUESTIONABLE | 0.21% | AAOIFI7.2% Usmani25.0% Dow Jones Islamic7.0% S&P Shariah7.9% MSCI Islamic25.0% MSCI Islamic M-Series7.9% FTSE Shariah18.6% |
| MS MORGAN STANLEY | NON_COMPLIANT | 0.21% | AAOIFI115.6% Usmani23.4% Dow Jones Islamic161.6% S&P Shariah189.1% MSCI Islamic23.4% MSCI Islamic M-Series189.1% FTSE Shariah23.4% |
| PECO ENERGY CO | UNSCREENED | 0.21% | no in-house ratios for this holding |
| PWR QUANTA SERVICES INC | COMPLIANT | 0.21% | AAOIFI6.9% Usmani23.3% Dow Jones Islamic10.1% S&P Shariah12.1% MSCI Islamic23.3% MSCI Islamic M-Series12.1% FTSE Shariah21.5% |
| AMZN AMAZON.COM INC | QUESTIONABLE | 0.21% | AAOIFI8.2% Usmani22.1% Dow Jones Islamic9.6% S&P Shariah10.6% MSCI Islamic20.9% MSCI Islamic M-Series10.6% FTSE Shariah12.1% |
| Freddie Mac | NON_COMPLIANT | 0.21% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.20% | no in-house ratios for this holding |
| ORCL ORACLE CORP | NON_COMPLIANT | 0.20% | AAOIFI34.1% Usmani64.0% Dow Jones Islamic30.7% S&P Shariah35.2% MSCI Islamic61.0% MSCI Islamic M-Series35.2% FTSE Shariah49.5% |
| Fannie Mae | NON_COMPLIANT | 0.20% | no in-house ratios for this holding |
| VRSN VERISIGN INC | COMPLIANT | 0.20% | AAOIFI0.0% Usmani0.3% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.3% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| Freddie Mac | NON_COMPLIANT | 0.19% | no in-house ratios for this holding |
| VMWARE LLC | UNSCREENED | 0.19% | no in-house ratios for this holding |
| MS MORGAN STANLEY | NON_COMPLIANT | 0.19% | AAOIFI115.6% Usmani23.4% Dow Jones Islamic161.6% S&P Shariah189.1% MSCI Islamic23.4% MSCI Islamic M-Series189.1% FTSE Shariah23.4% |
| JP Morgan Mortgage Trust | UNSCREENED | 0.19% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.19% | no in-house ratios for this holding |
| Woodward Capital Management | UNSCREENED | 0.19% | no in-house ratios for this holding |
| FLORIDA POWER & LIGHT CO | UNSCREENED | 0.19% | no in-house ratios for this holding |
| FITB FIFTH THIRD BANCORP | NON_COMPLIANT | 0.18% | AAOIFI45.0% Usmani7.4% Dow Jones Islamic67.1% S&P Shariah76.4% MSCI Islamic7.4% MSCI Islamic M-Series76.4% FTSE Shariah7.4% |
| Fannie Mae | NON_COMPLIANT | 0.18% | no in-house ratios for this holding |
| DELL INT LLC / EMC CORP | UNSCREENED | 0.18% | no in-house ratios for this holding |
| COF CAPITAL ONE FINANCIAL CO | NON_COMPLIANT | 0.18% | AAOIFI38.5% Usmani7.6% Dow Jones Islamic49.3% S&P Shariah60.5% MSCI Islamic7.6% MSCI Islamic M-Series60.5% FTSE Shariah7.6% |
| NTAP NETAPP INC | COMPLIANT | 0.18% | AAOIFI7.4% Usmani25.0% Dow Jones Islamic11.7% S&P Shariah13.3% MSCI Islamic25.0% MSCI Islamic M-Series13.3% FTSE Shariah22.7% |
| DIAGEO INVESTMENT CORP | UNSCREENED | 0.18% | no in-house ratios for this holding |
| UBSG.SW UBS GROUP AG | NON_COMPLIANT | 0.18% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| RY ROYAL BANK OF CANADA | COMPLIANT | 0.18% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| BOARDWALK PIPELINES LP | UNSCREENED | 0.18% | no in-house ratios for this holding |
| O REALTY INCOME CORP | NON_COMPLIANT | 0.18% | AAOIFI3.9% Usmani2.6% Dow Jones Islamic4.0% S&P Shariah4.3% MSCI Islamic2.6% MSCI Islamic M-Series4.3% FTSE Shariah2.6% |
| T AT&T INC | NON_COMPLIANT | 0.18% | AAOIFI92.9% Usmani38.0% Dow Jones Islamic94.4% S&P Shariah107.8% MSCI Islamic38.0% MSCI Islamic M-Series107.8% FTSE Shariah33.6% |
| KEY KEYCORP | NON_COMPLIANT | 0.18% | AAOIFI47.1% Usmani5.7% Dow Jones Islamic56.9% S&P Shariah65.9% MSCI Islamic5.7% MSCI Islamic M-Series65.9% FTSE Shariah5.7% |
| IT GARTNER INC | NON_COMPLIANT | 0.18% | AAOIFI28.3% Usmani46.3% Dow Jones Islamic13.9% S&P Shariah12.2% MSCI Islamic46.3% MSCI Islamic M-Series12.2% FTSE Shariah41.4% |
| Wells Fargo Mortgage Backed Securities Trust | UNSCREENED | 0.18% | no in-house ratios for this holding |
| TFC TRUIST FINANCIAL CORP | NON_COMPLIANT | 0.18% | AAOIFI110.7% Usmani12.6% Dow Jones Islamic124.2% S&P Shariah135.1% MSCI Islamic12.6% MSCI Islamic M-Series135.1% FTSE Shariah12.6% |
| NDAQ NASDAQ INC | NON_COMPLIANT | 0.17% | AAOIFI17.2% Usmani34.1% Dow Jones Islamic19.3% S&P Shariah21.8% MSCI Islamic34.1% MSCI Islamic M-Series21.8% FTSE Shariah32.0% |
| BAC BANK OF AMERICA CORP | NON_COMPLIANT | 0.17% | AAOIFI77.5% Usmani9.7% Dow Jones Islamic95.9% S&P Shariah105.7% MSCI Islamic9.7% MSCI Islamic M-Series105.7% FTSE Shariah9.7% |
| Fannie Mae | NON_COMPLIANT | 0.17% | no in-house ratios for this holding |
| C CITIGROUP INC | NON_COMPLIANT | 0.17% | AAOIFI159.2% Usmani13.8% Dow Jones Islamic214.6% S&P Shariah251.0% MSCI Islamic13.8% MSCI Islamic M-Series251.0% FTSE Shariah13.8% |
| PLD PROLOGIS LP | COMPLIANT | 0.17% | AAOIFI25.8% Usmani35.3% Dow Jones Islamic31.2% S&P Shariah32.1% MSCI Islamic35.3% MSCI Islamic M-Series32.1% FTSE Shariah35.3% |
| Fannie Mae | NON_COMPLIANT | 0.17% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.17% | no in-house ratios for this holding |
| KMI KINDER MORGAN INC | NON_COMPLIANT | 0.16% | AAOIFI46.1% Usmani43.5% Dow Jones Islamic53.0% S&P Shariah61.2% MSCI Islamic43.5% MSCI Islamic M-Series61.2% FTSE Shariah43.5% |
| Fannie Mae | NON_COMPLIANT | 0.16% | no in-house ratios for this holding |
| GCAT | UNSCREENED | 0.16% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.16% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.16% | no in-house ratios for this holding |
| DUKE ENERGY PROGRESS LLC | UNSCREENED | 0.16% | no in-house ratios for this holding |
| HBAN HUNTINGTON BANCSHARES | NON_COMPLIANT | 0.16% | AAOIFI68.2% Usmani8.2% Dow Jones Islamic90.2% S&P Shariah102.6% MSCI Islamic8.2% MSCI Islamic M-Series102.6% FTSE Shariah8.2% |
| PFIZER INVESTMENT ENTER | UNSCREENED | 0.16% | no in-house ratios for this holding |
| DUK DUKE ENERGY CORP | NON_COMPLIANT | 0.16% | AAOIFI95.1% Usmani45.3% Dow Jones Islamic98.9% S&P Shariah107.5% MSCI Islamic45.0% MSCI Islamic M-Series107.5% FTSE Shariah44.4% |
| CIM Trust | UNSCREENED | 0.16% | no in-house ratios for this holding |
| GLP CAPITAL LP / FIN II | UNSCREENED | 0.16% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.16% | no in-house ratios for this holding |
| United States Treasury | NON_COMPLIANT | 0.16% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.16% | no in-house ratios for this holding |
| MS MORGAN STANLEY | NON_COMPLIANT | 0.16% | AAOIFI115.6% Usmani23.4% Dow Jones Islamic161.6% S&P Shariah189.1% MSCI Islamic23.4% MSCI Islamic M-Series189.1% FTSE Shariah23.4% |
| COF CAPITAL ONE FINANCIAL CO | NON_COMPLIANT | 0.16% | AAOIFI38.5% Usmani7.6% Dow Jones Islamic49.3% S&P Shariah60.5% MSCI Islamic7.6% MSCI Islamic M-Series60.5% FTSE Shariah7.6% |
| WFC WELLS FARGO & COMPANY | NON_COMPLIANT | 0.16% | AAOIFI80.2% Usmani9.1% Dow Jones Islamic84.8% S&P Shariah93.9% MSCI Islamic9.1% MSCI Islamic M-Series93.9% FTSE Shariah9.1% |
| ONEOK INC | UNSCREENED | 0.16% | no in-house ratios for this holding |
| BAC BANK OF AMERICA CORP | NON_COMPLIANT | 0.16% | AAOIFI77.5% Usmani9.7% Dow Jones Islamic95.9% S&P Shariah105.7% MSCI Islamic9.7% MSCI Islamic M-Series105.7% FTSE Shariah9.7% |
| SBAC SBA COMMUNICATIONS CORP | NON_COMPLIANT | 0.16% | AAOIFI63.3% Usmani108.4% Dow Jones Islamic58.7% S&P Shariah58.5% MSCI Islamic108.4% MSCI Islamic M-Series58.5% FTSE Shariah108.4% |
| FITB FIFTH THIRD BANCORP | NON_COMPLIANT | 0.15% | AAOIFI45.0% Usmani7.4% Dow Jones Islamic67.1% S&P Shariah76.4% MSCI Islamic7.4% MSCI Islamic M-Series76.4% FTSE Shariah7.4% |
| MPC MARATHON PETROLEUM CORP | NON_COMPLIANT | 0.15% | AAOIFI31.4% Usmani36.4% Dow Jones Islamic59.6% S&P Shariah59.2% MSCI Islamic36.4% MSCI Islamic M-Series59.2% FTSE Shariah34.8% |
| C CITIGROUP INC | NON_COMPLIANT | 0.15% | AAOIFI159.2% Usmani13.8% Dow Jones Islamic214.6% S&P Shariah251.0% MSCI Islamic13.8% MSCI Islamic M-Series251.0% FTSE Shariah13.8% |
| STE STERIS PLC | COMPLIANT | 0.15% | AAOIFI9.4% Usmani19.1% Dow Jones Islamic9.1% S&P Shariah9.3% MSCI Islamic19.1% MSCI Islamic M-Series9.3% FTSE Shariah17.6% |
| LPL HOLDINGS INC | UNSCREENED | 0.15% | no in-house ratios for this holding |
| Flagstar Mortgage Trust | UNSCREENED | 0.15% | no in-house ratios for this holding |
| INTERCONTINENTALEXCHANGE | UNSCREENED | 0.15% | no in-house ratios for this holding |
| INTC INTEL CORP | COMPLIANT | 0.15% | AAOIFI9.2% Usmani25.0% Dow Jones Islamic23.9% S&P Shariah26.3% MSCI Islamic25.0% MSCI Islamic M-Series26.3% FTSE Shariah25.0% |
| COF CAPITAL ONE FINANCIAL CO | NON_COMPLIANT | 0.15% | AAOIFI38.5% Usmani7.6% Dow Jones Islamic49.3% S&P Shariah60.5% MSCI Islamic7.6% MSCI Islamic M-Series60.5% FTSE Shariah7.6% |
| FITB FIFTH THIRD BANCORP | NON_COMPLIANT | 0.15% | AAOIFI45.0% Usmani7.4% Dow Jones Islamic67.1% S&P Shariah76.4% MSCI Islamic7.4% MSCI Islamic M-Series76.4% FTSE Shariah7.4% |
| Freddie Mac | NON_COMPLIANT | 0.15% | no in-house ratios for this holding |
| EASTERN GAS TRAN | UNSCREENED | 0.15% | no in-house ratios for this holding |
| GS Mortgage-Backed Securities Trust | UNSCREENED | 0.15% | no in-house ratios for this holding |
| PNC FINANCIAL SERVICES | UNSCREENED | 0.15% | no in-house ratios for this holding |
| OTIS OTIS WORLDWIDE CORP | NON_COMPLIANT | 0.14% | AAOIFI31.9% Usmani77.4% Dow Jones Islamic25.2% S&P Shariah25.0% MSCI Islamic77.4% MSCI Islamic M-Series25.0% FTSE Shariah73.7% |
| MPLX MPLX LP | NON_COMPLIANT | 0.14% | AAOIFI42.8% Usmani60.3% Dow Jones Islamic52.4% S&P Shariah59.3% MSCI Islamic60.3% MSCI Islamic M-Series59.3% FTSE Shariah59.7% |
| FREMF Mortgage Trust | UNSCREENED | 0.14% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.14% | no in-house ratios for this holding |
| ET ENERGY TRANSFER LP | NON_COMPLIANT | 0.14% | AAOIFI94.8% Usmani47.4% Dow Jones Islamic120.8% S&P Shariah134.5% MSCI Islamic47.4% MSCI Islamic M-Series134.5% FTSE Shariah46.2% |
| Fannie Mae | NON_COMPLIANT | 0.14% | no in-house ratios for this holding |
| BERKSHIRE HATHAWAY ENERG | UNSCREENED | 0.13% | no in-house ratios for this holding |
| LOW LOWE'S COS INC | NON_COMPLIANT | 0.13% | AAOIFI35.6% Usmani71.7% Dow Jones Islamic30.1% S&P Shariah31.0% MSCI Islamic71.7% MSCI Islamic M-Series31.0% FTSE Shariah63.7% |
| TRUIST BANK | UNSCREENED | 0.13% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.13% | no in-house ratios for this holding |
| TD TORONTO-DOMINION BANK | NON_COMPLIANT | 0.13% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| Woodward Capital Management | UNSCREENED | 0.13% | no in-house ratios for this holding |
| ET ENERGY TRANSFER LP | NON_COMPLIANT | 0.12% | AAOIFI94.8% Usmani47.4% Dow Jones Islamic120.8% S&P Shariah134.5% MSCI Islamic47.4% MSCI Islamic M-Series134.5% FTSE Shariah46.2% |
| WY WEYERHAEUSER CO | NON_COMPLIANT | 0.12% | AAOIFI31.3% Usmani32.1% Dow Jones Islamic28.8% S&P Shariah27.4% MSCI Islamic32.1% MSCI Islamic M-Series27.4% FTSE Shariah32.1% |
| Freddie Mac | NON_COMPLIANT | 0.12% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.12% | no in-house ratios for this holding |
| IRM IRON MOUNTAIN INC | NON_COMPLIANT | 0.12% | AAOIFI57.3% Usmani93.4% Dow Jones Islamic66.1% S&P Shariah73.7% MSCI Islamic90.9% MSCI Islamic M-Series73.7% FTSE Shariah79.0% |
| RCL ROYAL CARIBBEAN CRUISES | NON_COMPLIANT | 0.12% | AAOIFI33.1% Usmani52.7% Dow Jones Islamic32.9% S&P Shariah40.4% MSCI Islamic52.7% MSCI Islamic M-Series40.4% FTSE Shariah51.2% |
| CITIBANK NA | UNSCREENED | 0.11% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.11% | no in-house ratios for this holding |
| KMI KINDER MORGAN INC | NON_COMPLIANT | 0.11% | AAOIFI46.1% Usmani43.5% Dow Jones Islamic53.0% S&P Shariah61.2% MSCI Islamic43.5% MSCI Islamic M-Series61.2% FTSE Shariah43.5% |
| LYB INT FINANCE III | UNSCREENED | 0.11% | no in-house ratios for this holding |
| ENB.TO ENBRIDGE INC | NON_COMPLIANT | 0.11% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| GEHC GE HEALTHCARE TECH INC | NON_COMPLIANT | 0.11% | AAOIFI34.9% Usmani28.5% Dow Jones Islamic30.2% S&P Shariah30.1% MSCI Islamic28.4% MSCI Islamic M-Series30.1% FTSE Shariah27.3% |
| US BANCORP | UNSCREENED | 0.11% | no in-house ratios for this holding |
| MPC MARATHON PETROLEUM CORP | NON_COMPLIANT | 0.11% | AAOIFI31.4% Usmani36.4% Dow Jones Islamic59.6% S&P Shariah59.2% MSCI Islamic36.4% MSCI Islamic M-Series59.2% FTSE Shariah34.8% |
The published standards disagree about this fund by 2 points of portfolio weight — 6.1% of it passes Dow Jones Islamic, 3.7% 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 5.3% ratios fail on 12.4% 81.7% not rated under AAOIFI
ratios pass on 4.6% ratios fail on 9.2% 85.5% not rated under Usmani
ratios pass on 6.1% ratios fail on 11.6% 81.7% not rated under Dow Jones Islamic
ratios pass on 6.0% ratios fail on 11.5% 81.9% not rated under S&P Shariah
ratios pass on 3.7% ratios fail on 10.3% 85.4% not rated under MSCI Islamic
ratios pass on 5.8% ratios fail on 11.9% 81.7% not rated under MSCI Islamic M-Series
ratios pass on 4.8% ratios fail on 9.2% 85.4% not rated under FTSE Shariah
78 of 386 listed holdings carry our own per-methodology verdicts (18% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 72 (17% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| United States Treasury | 2.66% |
| United States Treasury | 2.48% |
| United States Treasury | 2.43% |
| United States Treasury | 2.20% |
| United States Treasury | 1.93% |
| United States Treasury | 1.90% |
| United States Treasury | 1.76% |
| United States Treasury | 1.75% |
| United States Treasury | 1.66% |
| United States Treasury | 1.63% |
Methodology breakdown computing — it will appear here on its own.
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Madison Core Bond Fund (MBORX) 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.
🕌 In-house Compliance Research
Computing the full ratio and business-activity breakdown for MBORX — 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
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) | 65.70 | NEUTRAL |
| Stochastic %K (14) | 100.00 | SELL |
| CCI (20) | 214.20 | SELL |
| Williams %R (14) | 0.00 | SELL |
| MACD (12,26,9) | 0.02 | BUY |
| ROC (10) | 1.74 | BUY |
| Momentum (10) | 0.15 | BUY |
| EMA (10) | 8.67 | BUY |
| SMA (10) | 8.66 | BUY |
| EMA (20) | 8.66 | BUY |
| SMA (20) | 8.63 | BUY |
| EMA (30) | 8.67 | BUY |
| SMA (30) | 8.65 | BUY |
| EMA (50) | 8.70 | BUY |
| SMA (50) | 8.72 | BUY |
| EMA (100) | 8.75 | SELL |
| SMA (100) | 8.79 | SELL |
| EMA (200) | 8.80 | SELL |
| SMA (200) | 8.83 | SELL |
About Madison Core Bond Fund
The fund invests at least 80% of its net assets (including borrowings for investment purposes) in bonds. To keep current income relatively stable and to limit share price volatility, the fund emphasizes investment grade securities and maintains an intermediate (typically 3-7 year) average portfolio duration, with the goal of being between 85-115% of the market benchmark duration (for this purpose, the benchmark used is Bloomberg U.S. Aggregate Bond Index).
Background via Yahoo Finance — informational, not part of the verdict.
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.
Peer Movement
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.
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.
Insider Activity (90d)
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
COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE
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 2026-10-20 · Asset managers net 901377 (-14458)
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.