MGNRETF / FundAmerican Beacon GLG Natural Resources ETF
Verdicts genuinely change. Free email alert the moment MGNR'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.
American Beacon GLG Natural Resources ETF ETF · AMERICAN BEACON SELECT FUNDS
40 holdings · as of 2026-07-31 (3.0 months ago)
NON-COMPLIANT 31.61% of portfolio weight is in non-compliant holdings, over the 5% threshold.
40 holdings, 38 matched (96% of weight). Portfolio as of 2026-07-31, filed 2026-09-24. Source: SEC Form N-PORT.
0.31% of this portfolio’s income is non-permissible — weighted across holdings, computed over 91% of portfolio weight (36 of 40 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.
62.1% compliant 0.0% questionable 31.6% non-compliant 4.2% unscreened
All holdings (40)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| MT ArcelorMittal SA | NON_COMPLIANT | 4.73% | AAOIFI31.9% Usmani13.7% Dow Jones Islamic40.2% S&P Shariah46.6% MSCI Islamic13.7% MSCI Islamic M-Series46.6% FTSE Shariah13.7% |
| HBM Hudbay Minerals Inc | COMPLIANT | 4.70% | AAOIFI5.7% Usmani16.2% Dow Jones Islamic17.1% S&P Shariah22.3% MSCI Islamic16.2% MSCI Islamic M-Series22.3% FTSE Shariah16.2% |
| TECK Teck Resources Ltd | COMPLIANT | 4.44% | AAOIFI11.1% Usmani8.6% Dow Jones Islamic12.4% S&P Shariah12.9% MSCI Islamic8.6% MSCI Islamic M-Series12.9% FTSE Shariah8.6% |
| SW Smurfit Westrock PLC | NON_COMPLIANT | 4.43% | AAOIFI61.2% Usmani31.3% Dow Jones Islamic62.7% S&P Shariah90.7% MSCI Islamic31.3% MSCI Islamic M-Series90.7% FTSE Shariah31.3% |
| RRC Range Resources Corp | COMPLIANT | 4.36% | AAOIFI10.4% Usmani13.4% Dow Jones Islamic11.6% S&P Shariah12.0% MSCI Islamic13.4% MSCI Islamic M-Series12.0% FTSE Shariah11.5% |
| Vista Energy SAB de CV | UNSCREENED | 3.84% | no in-house ratios for this holding |
| FM.TO First Quantum Minerals Ltd | COMPLIANT | 3.79% | AAOIFI21.3% Usmani23.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic23.4% MSCI Islamic M-Seriesfail FTSE Shariah23.4% |
| VG Venture Global Inc | NON_COMPLIANT | 3.75% | AAOIFI137.8% Usmani69.6% Dow Jones Islamic142.4% S&P Shariahfail MSCI Islamic69.2% MSCI Islamic M-Seriesfail FTSE Shariah68.0% |
| AR Antero Resources Corp | NON_COMPLIANT | 3.69% | AAOIFI37.8% Usmani30.3% Dow Jones Islamic42.6% S&P Shariah46.0% MSCI Islamic30.3% MSCI Islamic M-Series46.0% FTSE Shariah17.2% |
| DAR Darling Ingredients Inc | NON_COMPLIANT | 3.61% | AAOIFI41.5% Usmani38.0% Dow Jones Islamic62.6% S&P Shariah61.5% MSCI Islamic38.0% MSCI Islamic M-Series61.5% FTSE Shariah35.9% |
| FCX Freeport-McMoRan Inc | COMPLIANT | 3.54% | AAOIFI9.4% Usmani17.3% Dow Jones Islamic14.8% S&P Shariah15.6% MSCI Islamic17.3% MSCI Islamic M-Series15.6% FTSE Shariah15.7% |
| AU Anglogold Ashanti Plc | COMPLIANT | 3.19% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| BG Bunge Global SA | NON_COMPLIANT | 3.17% | AAOIFI81.7% Usmani34.4% Dow Jones Islamic97.8% S&P Shariah104.4% MSCI Islamic34.0% MSCI Islamic M-Series104.4% FTSE Shariah30.6% |
| EQT EQT Corp | COMPLIANT | 3.04% | AAOIFI16.4% Usmani13.7% Dow Jones Islamic18.1% S&P Shariah21.8% MSCI Islamic13.7% MSCI Islamic M-Series21.8% FTSE Shariah13.7% |
| NXT Nextpower Inc | COMPLIANT | 2.91% | AAOIFI0.3% Usmani0.9% Dow Jones Islamic0.4% S&P Shariah0.5% MSCI Islamic0.9% MSCI Islamic M-Series0.5% FTSE Shariah0.0% |
| CS.TO Capstone Copper Corp | COMPLIANT | 2.84% | AAOIFI14.9% Usmani22.4% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic18.5% MSCI Islamic M-Seriespass FTSE Shariah18.5% |
| NESTE.HE Neste Oyj | COMPLIANT | 2.80% | AAOIFIpass Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| KGC Kinross Gold Corp | COMPLIANT | 2.76% | AAOIFI1.8% Usmani5.9% Dow Jones Islamic2.9% S&P Shariah3.7% MSCI Islamic5.9% MSCI Islamic M-Series3.7% FTSE Shariah5.9% |
| MEOH Methanex Corp | NON_COMPLIANT | 2.76% | AAOIFI58.9% Usmani37.8% Dow Jones Islamic88.2% S&P Shariah89.5% MSCI Islamic37.8% MSCI Islamic M-Series89.5% FTSE Shariah37.8% |
| AA Alcoa Corp | COMPLIANT | 2.71% | AAOIFI16.9% Usmani13.2% Dow Jones Islamic24.5% S&P Shariah28.1% MSCI Islamic13.2% MSCI Islamic M-Series28.1% FTSE Shariah13.2% |
| EQX Equinox Gold Corp | COMPLIANT | 2.42% | AAOIFI10.5% Usmani14.8% Dow Jones Islamic27.3% S&P Shariah35.9% MSCI Islamic14.8% MSCI Islamic M-Series35.9% FTSE Shariah14.8% |
| FANG Diamondback Energy Inc | COMPLIANT | 2.34% | AAOIFI22.6% Usmani18.0% Dow Jones Islamic28.3% S&P Shariah31.9% MSCI Islamic18.0% MSCI Islamic M-Series31.9% FTSE Shariah18.0% |
| PR Permian Resources Corp | COMPLIANT | 2.19% | AAOIFI16.0% Usmani17.0% Dow Jones Islamic25.3% S&P Shariah28.1% MSCI Islamic16.9% MSCI Islamic M-Series28.1% FTSE Shariah16.2% |
| IP International Paper Co | NON_COMPLIANT | 2.06% | AAOIFI50.2% Usmani27.3% Dow Jones Islamic47.6% S&P Shariah55.5% MSCI Islamic27.1% MSCI Islamic M-Series55.5% FTSE Shariah25.2% |
| 300750.SZ Contemporary Amperex Technology Co Ltd | COMPLIANT | 1.89% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| BE Bloom Energy Corp | COMPLIANT | 1.66% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| PKG Packaging Corp of America | COMPLIANT | 1.66% | AAOIFI20.8% Usmani40.0% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic39.9% MSCI Islamic M-Series0.2% FTSE Shariah36.0% |
| NTR Nutrien Ltd | NON_COMPLIANT | 1.57% | AAOIFI20.8% Usmani18.9% Dow Jones Islamic29.2% S&P Shariah31.1% MSCI Islamic18.9% MSCI Islamic M-Series31.1% FTSE Shariah18.9% |
| ANDE Andersons Inc/The | NON_COMPLIANT | 1.46% | AAOIFI26.7% Usmani16.9% Dow Jones Islamic32.9% S&P Shariah33.5% MSCI Islamic16.9% MSCI Islamic M-Series33.5% FTSE Shariah16.9% |
| NHY.OL Norsk Hydro ASA | COMPLIANT | 1.43% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| PAAS Pan American Silver Corp | COMPLIANT | 1.20% | AAOIFI2.4% Usmani7.3% Dow Jones Islamic5.0% S&P Shariah6.3% MSCI Islamic7.3% MSCI Islamic M-Series6.3% FTSE Shariah7.3% |
| HL Hecla Mining Co | COMPLIANT | 1.17% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| CDE Coeur Mining Inc | COMPLIANT | 1.16% | AAOIFI0.1% Usmani0.1% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.1% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| CF CF Industries Holdings Inc | COMPLIANT | 1.09% | AAOIFI17.9% Usmani23.9% Dow Jones Islamic24.1% S&P Shariah24.7% MSCI Islamic23.9% MSCI Islamic M-Series24.7% FTSE Shariah21.3% |
| NEO.TO Neo Performance Materials Inc | COMPLIANT | 0.75% | AAOIFI9.9% Usmani16.0% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic15.4% MSCI Islamic M-Seriespass FTSE Shariah15.4% |
| 034020.KS Doosan Enerbility Co Ltd | COMPLIANT | 0.72% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 373220.KS LG Energy Solution Ltd | COMPLIANT | 0.71% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| ALM Almonty Industries Inc | COMPLIANT | 0.64% | AAOIFI4.0% Usmani29.6% Dow Jones Islamic5.9% S&P Shariah8.3% MSCI Islamic29.6% MSCI Islamic M-Series8.3% FTSE Shariah29.6% |
| ASP Isotopes Inc | UNSCREENED | 0.40% | no in-house ratios for this holding |
| SDRL Seadrill Ltd | NON_COMPLIANT | 0.38% | AAOIFI24.4% Usmani18.4% Dow Jones Islamic32.4% S&P Shariah29.2% MSCI Islamic18.4% MSCI Islamic M-Series29.2% FTSE Shariah17.9% |
The published standards disagree about this fund by 24 points of portfolio weight — 72.7% of it passes FTSE Shariah, 48.4% passes S&P Shariah. 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 59.5% ratios fail on 28.2% 10.2% not rated under AAOIFI
ratios pass on 66.7% ratios fail on 21.0% 10.2% not rated under Usmani
ratios pass on 52.3% ratios fail on 34.8% 10.9% not rated under Dow Jones Islamic
ratios pass on 48.4% ratios fail on 38.7% 10.9% not rated under S&P Shariah
ratios pass on 66.6% ratios fail on 21.1% 10.2% not rated under MSCI Islamic
ratios pass on 48.4% ratios fail on 38.7% 10.9% not rated under MSCI Islamic M-Series
ratios pass on 72.7% ratios fail on 15.0% 10.2% not rated under FTSE Shariah
38 of 40 listed holdings carry our own per-methodology verdicts (94% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 31 (81% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| MT ArcelorMittal SA | 4.73% |
| SW Smurfit Westrock PLC | 4.43% |
| VG Venture Global Inc | 3.75% |
| AR Antero Resources Corp | 3.69% |
| DAR Darling Ingredients Inc | 3.61% |
| BG Bunge Global SA | 3.17% |
| MEOH Methanex Corp | 2.76% |
| IP International Paper Co | 2.06% |
| NTR Nutrien Ltd | 1.57% |
| ANDE Andersons Inc/The | 1.46% |
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.
Why this signal?
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
American Beacon GLG Natural Resources ETF (MGNR) 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 MGNR — 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.
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) | 36.30 | NEUTRAL |
| Stochastic %K (14) | 26.15 | NEUTRAL |
| CCI (20) | -129.09 | BUY |
| Williams %R (14) | -73.85 | NEUTRAL |
| MACD (12,26,9) | 0.05 | BUY |
| ROC (10) | -3.68 | SELL |
| Momentum (10) | -1.81 | SELL |
| EMA (10) | 48.05 | SELL |
| SMA (10) | 47.92 | SELL |
| EMA (20) | 48.72 | SELL |
| SMA (20) | 48.68 | SELL |
| EMA (30) | 49.34 | SELL |
| SMA (30) | 49.37 | SELL |
| EMA (50) | 50.10 | SELL |
| SMA (50) | 51.44 | SELL |
| EMA (100) | 50.60 | SELL |
| SMA (100) | 50.69 | SELL |
| EMA (200) | 49.91 | SELL |
| SMA (200) | 51.35 | SELL |
About American Beacon GLG Natural Resources ETF
Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities of companies primarily engaged in natural resources and natural resources-related businesses.
Background via Yahoo Finance — informational, not part of the verdict.
Weak — low conviction, small size or skip
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.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BEARISH | 43 |
| ⏰ 4H | RANGING | 28 |
| 🕐 1H | BEARISH | 98 |
| ⏱ 15-Min | BEARISH | 130 |
| ⏲ 5-Min | BULLISH | 234 |
Momentum & Volume
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.
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 2026-10-27 · Asset managers net 923449 (+22072)
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.