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MU

MUCRXETF / FundVictory Total Return Bond Fund

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Sharia status
NOT COMPLIANT
Screened by look-through to its filed holdings — 74% of portfolio weight covered
Fund look-through

Victory Total Return Bond Fund · Victory Portfolios

301 holdings

NON-COMPLIANT 69.53% of portfolio weight is in non-compliant holdings, over the 5% threshold.

56.80% 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.

301 holdings, 152 matched (74% of weight). Portfolio as of 2025-09-30, filed 2025-11-25. Source: SEC Form N-PORT.

2.58% of this portfolio’s income is non-permissible — weighted across holdings, computed over 12% of portfolio weight (71 of 301 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.

3.3% compliant 0.1% questionable 69.5% non-compliant 25.9% unscreened

All holdings (301) · showing 1–250
HoldingStatusWeightEvery methodology, and the debt ratio behind it
United States of America NON_COMPLIANT 4.57% no in-house ratios for this holding
Federal National Mortgage Association NON_COMPLIANT 4.12% no in-house ratios for this holding
United States of America NON_COMPLIANT 4.06% no in-house ratios for this holding
United States of America NON_COMPLIANT 3.82% no in-house ratios for this holding
United States of America NON_COMPLIANT 3.59% no in-house ratios for this holding
United States of America NON_COMPLIANT 3.10% no in-house ratios for this holding
United States of America NON_COMPLIANT 2.96% no in-house ratios for this holding
Freddie Mac NON_COMPLIANT 2.37% no in-house ratios for this holding
United States of America NON_COMPLIANT 2.22% no in-house ratios for this holding
United States of America NON_COMPLIANT 2.13% no in-house ratios for this holding
United States of America NON_COMPLIANT 2.11% no in-house ratios for this holding
Freddie Mac NON_COMPLIANT 2.03% no in-house ratios for this holding
United States of America NON_COMPLIANT 2.00% no in-house ratios for this holding
United States of America NON_COMPLIANT 1.49% no in-house ratios for this holding
United States of America NON_COMPLIANT 1.37% no in-house ratios for this holding
United States of America NON_COMPLIANT 1.30% no in-house ratios for this holding
JPMCC COMMERCIAL MORTGAGE SECURITIES TRUST UNSCREENED 1.10% no in-house ratios for this holding
Freddie Mac NON_COMPLIANT 1.08% no in-house ratios for this holding
United States of America NON_COMPLIANT 1.02% no in-house ratios for this holding
United States of America NON_COMPLIANT 0.89% no in-house ratios for this holding
BANK UNSCREENED 0.76% no in-house ratios for this holding
United States of America NON_COMPLIANT 0.75% no in-house ratios for this holding
CITIGROUP COMMERCIAL MORTGAGE TRUST UNSCREENED 0.71% no in-house ratios for this holding
Government National Mortgage Association 2 NON_COMPLIANT 0.68% no in-house ratios for this holding
NORTHWESTERN MUTUAL GLOBAL FUNDING UNSCREENED 0.64% no in-house ratios for this holding
TMUS T-MOBILE USA, INC. NON_COMPLIANT 0.61% AAOIFI18.0% Usmani17.5% Dow Jones Islamic14.6% S&P Shariah15.9% MSCI Islamic16.5% MSCI Islamic M-Series15.9% FTSE Shariah2.9%
United States of America NON_COMPLIANT 0.60% no in-house ratios for this holding
HPEFS EQUIPMENT TRUST UNSCREENED 0.60% no in-house ratios for this holding
WELLS FARGO COMMERCIAL MORTGAGE TRUST UNSCREENED 0.58% no in-house ratios for this holding
PIONEER NATURAL RESOURCES COMPANY UNSCREENED 0.57% no in-house ratios for this holding
JPM JPMORGAN CHASE & CO. NON_COMPLIANT 0.54% AAOIFI7.7% Usmani1.4% Dow Jones Islamic9.5% S&P Shariah10.7% MSCI Islamic1.4% MSCI Islamic M-Series10.7% FTSE Shariah1.4%
Government National Mortgage Association 2 NON_COMPLIANT 0.54% no in-house ratios for this holding
Federal National Mortgage Association NON_COMPLIANT 0.49% no in-house ratios for this holding
HCA INC. UNSCREENED 0.48% no in-house ratios for this holding
CFCRE COMMERCIAL MORTGAGE TRUST UNSCREENED 0.48% no in-house ratios for this holding
GS MORTGAGE SECURITIES TRUST UNSCREENED 0.48% no in-house ratios for this holding
Government National Mortgage Association 2 NON_COMPLIANT 0.47% no in-house ratios for this holding
MURPHY OIL USA, INC. UNSCREENED 0.47% no in-house ratios for this holding
Government National Mortgage Association 2 NON_COMPLIANT 0.46% no in-house ratios for this holding
BAC BANK OF AMERICA CORPORATION NON_COMPLIANT 0.45% AAOIFI77.5% Usmani9.7% Dow Jones Islamic95.9% S&P Shariah105.7% MSCI Islamic9.7% MSCI Islamic M-Series105.7% FTSE Shariah9.7%
United States of America NON_COMPLIANT 0.44% no in-house ratios for this holding
CMCSA COMCAST CORPORATION NON_COMPLIANT 0.44% AAOIFI116.3% Usmani35.1% Dow Jones Islamic144.7% S&P Shariah134.9% MSCI Islamic35.1% MSCI Islamic M-Series134.9% FTSE Shariah35.1%
BMY BRISTOL-MYERS SQUIBB COMPANY NON_COMPLIANT 0.41% AAOIFI37.3% Usmani51.1% Dow Jones Islamic42.2% S&P Shariah44.8% MSCI Islamic51.1% MSCI Islamic M-Series44.8% FTSE Shariah48.9%
MASTER CREDIT CARD TRUST II UNSCREENED 0.40% no in-house ratios for this holding
NVR NVR, Inc. COMPLIANT 0.40% AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
ACA.PA CREDIT AGRICOLE SA NON_COMPLIANT 0.40% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
Freddie Mac NON_COMPLIANT 0.37% no in-house ratios for this holding
MPLX MPLX LP NON_COMPLIANT 0.37% AAOIFI42.8% Usmani60.3% Dow Jones Islamic52.4% S&P Shariah59.3% MSCI Islamic60.3% MSCI Islamic M-Series59.3% FTSE Shariah59.7%
VZ VERIZON COMMUNICATIONS INC. NON_COMPLIANT 0.37% AAOIFI98.4% Usmani45.9% Dow Jones Islamic109.0% S&P Shariah116.8% MSCI Islamic45.9% MSCI Islamic M-Series116.8% FTSE Shariah40.3%
AMGN AMGEN INC. COMPLIANT 0.36% AAOIFI24.9% Usmani59.9% Dow Jones Islamic33.6% S&P Shariah35.1% MSCI Islamic59.9% MSCI Islamic M-Series35.1% FTSE Shariah59.9%
ORCL ORACLE CORPORATION NON_COMPLIANT 0.35% AAOIFI34.1% Usmani64.0% Dow Jones Islamic30.7% S&P Shariah35.2% MSCI Islamic61.0% MSCI Islamic M-Series35.2% FTSE Shariah49.5%
CONSOLIDATED EDISON COMPANY OF NEW YORK, INC. UNSCREENED 0.35% no in-house ratios for this holding
PUBLIC SERVICE ELECTRIC AND GAS COMPANY UNSCREENED 0.34% no in-house ratios for this holding
MS MORGAN STANLEY NON_COMPLIANT 0.33% AAOIFI115.6% Usmani23.4% Dow Jones Islamic161.6% S&P Shariah189.1% MSCI Islamic23.4% MSCI Islamic M-Series189.1% FTSE Shariah23.4%
HSBA.L HSBC HOLDINGS PLC NON_COMPLIANT 0.32% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
Federal National Mortgage Association NON_COMPLIANT 0.30% no in-house ratios for this holding
CHASE AUTO OWNER TRUST UNSCREENED 0.30% no in-house ratios for this holding
DELL EQUIPMENT FINANCE TRUST UNSCREENED 0.30% no in-house ratios for this holding
Federal National Mortgage Association NON_COMPLIANT 0.30% no in-house ratios for this holding
United States of America NON_COMPLIANT 0.30% no in-house ratios for this holding
Freddie Mac NON_COMPLIANT 0.30% no in-house ratios for this holding
CITIBANK CREDIT CARD ISSUANCE TRUST UNSCREENED 0.30% no in-house ratios for this holding
TESLA AUTO LEASE TRUST UNSCREENED 0.30% no in-house ratios for this holding
JPMBB COMMERCIAL MORTGAGE SECURITIES TRUST UNSCREENED 0.29% no in-house ratios for this holding
United States of America NON_COMPLIANT 0.29% no in-house ratios for this holding
Freddie Mac NON_COMPLIANT 0.29% no in-house ratios for this holding
United States of America NON_COMPLIANT 0.29% no in-house ratios for this holding
DOC DR, LLC UNSCREENED 0.29% no in-house ratios for this holding
TSMC ARIZONA CORPORATION UNSCREENED 0.28% no in-house ratios for this holding
WISCONSIN PUBLIC SERVICE CORPORATION UNSCREENED 0.28% no in-house ratios for this holding
SJM THE J. M. SMUCKER COMPANY NON_COMPLIANT 0.27% AAOIFI48.0% Usmani41.6% Dow Jones Islamic60.6% S&P Shariah60.2% MSCI Islamic41.6% MSCI Islamic M-Series60.2% FTSE Shariah40.4%
BPCE SA UNSCREENED 0.27% no in-house ratios for this holding
TFC Truist Financial Corporation 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%
SO THE SOUTHERN COMPANY NON_COMPLIANT 0.27% AAOIFI68.7% Usmani45.3% Dow Jones Islamic72.3% S&P Shariah78.7% MSCI Islamic44.8% MSCI Islamic M-Series78.7% FTSE Shariah43.8%
TESLA AUTO LEASE TRUST UNSCREENED 0.26% no in-house ratios for this holding
FISV FISERV, INC. NON_COMPLIANT 0.26% AAOIFI99.4% Usmani34.6% Dow Jones Islamic38.9% S&P Shariah36.9% MSCI Islamic34.6% MSCI Islamic M-Series36.9% FTSE Shariah34.5%
RGA GLOBAL FUNDING UNSCREENED 0.26% no in-house ratios for this holding
AVGO BROADCOM INC. COMPLIANT 0.26% AAOIFI3.8% Usmani32.5% Dow Jones Islamic4.4% S&P Shariah5.5% MSCI Islamic32.5% MSCI Islamic M-Series5.5% FTSE Shariah32.5%
Federal National Mortgage Association NON_COMPLIANT 0.26% no in-house ratios for this holding
NEW YORK LIFE GLOBAL FUNDING UNSCREENED 0.26% no in-house ratios for this holding
BIMBO BAKERIES USA, INC. UNSCREENED 0.26% no in-house ratios for this holding
BA THE BOEING COMPANY NON_COMPLIANT 0.25% AAOIFI30.1% Usmani30.2% Dow Jones Islamic33.6% S&P Shariah36.0% MSCI Islamic30.2% MSCI Islamic M-Series36.0% FTSE Shariah30.2%
O'Reilly Automotive, Inc. UNSCREENED 0.25% no in-house ratios for this holding
DUK DUKE ENERGY CORPORATION NON_COMPLIANT 0.25% AAOIFI95.1% Usmani45.3% Dow Jones Islamic98.9% S&P Shariah107.5% MSCI Islamic45.0% MSCI Islamic M-Series107.5% FTSE Shariah44.4%
United States of America NON_COMPLIANT 0.25% no in-house ratios for this holding
ET ENERGY TRANSFER LP NON_COMPLIANT 0.24% AAOIFI94.8% Usmani47.4% Dow Jones Islamic120.8% S&P Shariah134.5% MSCI Islamic47.4% MSCI Islamic M-Series134.5% FTSE Shariah46.2%
Government National Mortgage Association 2 NON_COMPLIANT 0.24% no in-house ratios for this holding
RF REGIONS FINANCIAL CORPORATION NON_COMPLIANT 0.24% AAOIFI29.4% Usmani4.7% Dow Jones Islamic35.1% S&P Shariah38.7% MSCI Islamic4.7% MSCI Islamic M-Series38.7% FTSE Shariah4.7%
T AT&T INC. NON_COMPLIANT 0.24% AAOIFI92.9% Usmani38.0% Dow Jones Islamic94.4% S&P Shariah107.8% MSCI Islamic38.0% MSCI Islamic M-Series107.8% FTSE Shariah33.6%
UHS UNIVERSAL HEALTH SERVICES, INC. NON_COMPLIANT 0.23% AAOIFI52.8% Usmani33.0% Dow Jones Islamic45.9% S&P Shariah48.2% MSCI Islamic33.0% MSCI Islamic M-Series48.2% FTSE Shariah30.4%
DEUTSCHE BANK AG NEW YORK BRANCH UNSCREENED 0.23% no in-house ratios for this holding
XRAY DENTSPLY SIRONA INC. NON_COMPLIANT 0.23% AAOIFI84.0% Usmani44.4% Dow Jones Islamic79.7% S&P Shariah58.9% MSCI Islamic44.4% MSCI Islamic M-Series58.9% FTSE Shariah42.7%
FEDERAL FARM CREDIT BANKS FUNDING CORPORATION NON_COMPLIANT 0.23% no in-house ratios for this holding
B.A.T CAPITAL CORPORATION UNSCREENED 0.23% no in-house ratios for this holding
Freddie Mac NON_COMPLIANT 0.23% no in-house ratios for this holding
NSC NORFOLK SOUTHERN CORPORATION COMPLIANT 0.23% AAOIFI22.6% Usmani36.8% Dow Jones Islamic27.1% S&P Shariah29.0% MSCI Islamic36.8% MSCI Islamic M-Series29.0% FTSE Shariah36.8%
CHASE ISSUANCE TRUST UNSCREENED 0.23% no in-house ratios for this holding
Federal National Mortgage Association NON_COMPLIANT 0.22% no in-house ratios for this holding
AMEREN ILLINOIS COMPANY UNSCREENED 0.22% no in-house ratios for this holding
Federal National Mortgage Association NON_COMPLIANT 0.22% no in-house ratios for this holding
WESTERN MIDSTREAM OPERATING, LP UNSCREENED 0.22% no in-house ratios for this holding
LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH SYS RESTORATION UNSCREENED 0.22% no in-house ratios for this holding
Federal National Mortgage Association NON_COMPLIANT 0.21% no in-house ratios for this holding
SWEPCO STORM RECOVERY FUNDING LLC UNSCREENED 0.21% no in-house ratios for this holding
EL THE ESTEE LAUDER COMPANIES INC. NON_COMPLIANT 0.21% AAOIFI25.1% Usmani46.9% Dow Jones Islamic30.8% S&P Shariah26.5% MSCI Islamic46.8% MSCI Islamic M-Series26.5% FTSE Shariah37.0%
WESTLAKE AUTOMOBILE RECEIVABLES TRUST UNSCREENED 0.21% no in-house ratios for this holding
NSC NORFOLK SOUTHERN CORPORATION COMPLIANT 0.20% AAOIFI22.6% Usmani36.8% Dow Jones Islamic27.1% S&P Shariah29.0% MSCI Islamic36.8% MSCI Islamic M-Series29.0% FTSE Shariah36.8%
KDP KEURIG DR PEPPER INC. NON_COMPLIANT 0.20% AAOIFI58.6% Usmani30.8% Dow Jones Islamic63.3% S&P Shariah63.1% MSCI Islamic29.6% MSCI Islamic M-Series63.1% FTSE Shariah28.3%
CAPITAL ONE MULTI-ASSET EXECUTION TRUST UNSCREENED 0.20% no in-house ratios for this holding
Government National Mortgage Association 2 NON_COMPLIANT 0.20% no in-house ratios for this holding
BAX BAXTER INTERNATIONAL INC. NON_COMPLIANT 0.20% AAOIFI1.6% Usmani1.1% Dow Jones Islamic1.6% S&P Shariah1.4% MSCI Islamic1.1% MSCI Islamic M-Series1.4% FTSE Shariah0.0%
KR THE KROGER CO. NON_COMPLIANT 0.19% AAOIFI66.2% Usmani45.5% Dow Jones Islamic54.1% S&P Shariah57.6% MSCI Islamic45.5% MSCI Islamic M-Series57.6% FTSE Shariah31.1%
ORI OLD REPUBLIC INTERNATIONAL CORPORATION NON_COMPLIANT 0.19% AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
SW.PA SODEXO, INC. NON_COMPLIANT 0.19% AAOIFI64.9% Usmani40.9% Dow Jones Islamic— S&P Shariah— MSCI Islamic36.5% MSCI Islamic M-Series— FTSE Shariah36.5%
ORCL ORACLE CORPORATION NON_COMPLIANT 0.18% AAOIFI34.1% Usmani64.0% Dow Jones Islamic30.7% S&P Shariah35.2% MSCI Islamic61.0% MSCI Islamic M-Series35.2% FTSE Shariah49.5%
WESTLAKE AUTOMOBILE RECEIVABLES TRUST UNSCREENED 0.18% no in-house ratios for this holding
ASHTEAD CAPITAL, INC. UNSCREENED 0.18% no in-house ratios for this holding
CFG CITIZENS FINANCIAL GROUP, INC. NON_COMPLIANT 0.17% AAOIFI92.6% Usmani11.8% Dow Jones Islamic125.5% S&P Shariah143.3% MSCI Islamic11.8% MSCI Islamic M-Series143.3% FTSE Shariah11.8%
CNC CENTENE CORPORATION NON_COMPLIANT 0.17% AAOIFI50.5% Usmani19.4% Dow Jones Islamic62.6% S&P Shariah53.4% MSCI Islamic19.4% MSCI Islamic M-Series53.4% FTSE Shariah19.4%
CSX CSX Corporation COMPLIANT 0.17% AAOIFI21.8% Usmani43.3% Dow Jones Islamic27.6% S&P Shariah28.4% MSCI Islamic43.3% MSCI Islamic M-Series28.4% FTSE Shariah42.2%
SNN SMITH & NEPHEW PLC COMPLIANT 0.16% AAOIFI34.9% Usmani29.8% Dow Jones Islamic11.8% S&P Shariah12.5% MSCI Islamic29.8% MSCI Islamic M-Series12.5% FTSE Shariah29.8%
SIMON PROPERTY GROUP, L.P. UNSCREENED 0.16% no in-house ratios for this holding
COMPAGNIE DE CHEMIN DE FER CANADIEN PACIFIQUE UNSCREENED 0.16% no in-house ratios for this holding
Compagnie des chemins de fer nationaux du Canada UNSCREENED 0.15% no in-house ratios for this holding
CHASE AUTO OWNER TRUST UNSCREENED 0.15% no in-house ratios for this holding
BARINGS EQUIPMENT FINANCE LLC UNSCREENED 0.15% no in-house ratios for this holding
CARMAX AUTO OWNER TRUST UNSCREENED 0.15% no in-house ratios for this holding
CCG RECEIVABLES TRUST UNSCREENED 0.15% no in-house ratios for this holding
EMERGENT AUTO RECEIVABLES TRUST UNSCREENED 0.15% no in-house ratios for this holding
PEAC SOLUTIONS RECEIVABLES UNSCREENED 0.15% no in-house ratios for this holding
CHASE AUTO OWNER TRUST UNSCREENED 0.15% no in-house ratios for this holding
CHASE AUTO OWNER TRUST UNSCREENED 0.15% no in-house ratios for this holding
LAD AUTO RECEIVABLES TRUST UNSCREENED 0.15% no in-house ratios for this holding
GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST UNSCREENED 0.15% no in-house ratios for this holding
BA CREDIT CARD TRUST UNSCREENED 0.15% no in-house ratios for this holding
United States of America NON_COMPLIANT 0.15% no in-house ratios for this holding
SBNA AUTO RECEIVABLES TRUST UNSCREENED 0.15% no in-house ratios for this holding
PNC THE PNC FINANCIAL SERVICES GROUP, INC. NON_COMPLIANT 0.15% AAOIFI87.5% Usmani13.9% Dow Jones Islamic110.0% S&P Shariah122.6% MSCI Islamic13.9% MSCI Islamic M-Series122.6% FTSE Shariah13.9%
PENFED AUTO RECEIVABLES OWNER TRUST UNSCREENED 0.15% no in-house ratios for this holding
TOYOTA AUTO RECEIVABLES OWNER TRUST UNSCREENED 0.15% no in-house ratios for this holding
SBNA AUTO RECEIVABLES TRUST UNSCREENED 0.15% no in-house ratios for this holding
DLLAD LLC UNSCREENED 0.15% no in-house ratios for this holding
KEY KEYCORP NON_COMPLIANT 0.15% AAOIFI47.1% Usmani5.7% Dow Jones Islamic56.9% S&P Shariah65.9% MSCI Islamic5.7% MSCI Islamic M-Series65.9% FTSE Shariah5.7%
LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH SYS RESTORATION UNSCREENED 0.15% no in-house ratios for this holding
CPB THE CAMPBELL'S COMPANY NON_COMPLIANT 0.15% AAOIFI123.5% Usmani48.1% Dow Jones Islamic84.1% S&P Shariah75.7% MSCI Islamic47.6% MSCI Islamic M-Series75.7% FTSE Shariah45.6%
EAI ENTERGY ARKANSAS, LLC NON_COMPLIANT 0.15% AAOIFI3580.9% Usmani41.8% Dow Jones Islamic— S&P Shariah— MSCI Islamic41.8% MSCI Islamic M-Series— FTSE Shariah41.8%
BARC.L BARCLAYS PLC NON_COMPLIANT 0.14% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
Freddie Mac NON_COMPLIANT 0.14% no in-house ratios for this holding
AVB AVALONBAY COMMUNITIES, INC. NON_COMPLIANT 0.14% AAOIFIfail Usmanifail Dow Jones Islamic— S&P Shariah— MSCI Islamicfail MSCI Islamic M-Series— FTSE Shariahfail
Freddie Mac NON_COMPLIANT 0.14% no in-house ratios for this holding
PNC THE PNC FINANCIAL SERVICES GROUP, INC. NON_COMPLIANT 0.14% AAOIFI87.5% Usmani13.9% Dow Jones Islamic110.0% S&P Shariah122.6% MSCI Islamic13.9% MSCI Islamic M-Series122.6% FTSE Shariah13.9%
JBS USA Holding Lux S.a r.l. UNSCREENED 0.14% no in-house ratios for this holding
Freddie Mac NON_COMPLIANT 0.14% no in-house ratios for this holding
Iberdrola International B.V. UNSCREENED 0.14% no in-house ratios for this holding
ECL ECOLAB INC. COMPLIANT 0.14% AAOIFI17.0% Usmani44.6% Dow Jones Islamic18.1% S&P Shariah19.4% MSCI Islamic44.6% MSCI Islamic M-Series19.4% FTSE Shariah44.0%
BANQUE CANADIENNE IMPERIALE DE COMMERCE UNSCREENED 0.14% no in-house ratios for this holding
HONEYWELL INTERNATIONAL INCORPORATION UNSCREENED 0.13% no in-house ratios for this holding
SBA TOWER TRUST UNSCREENED 0.13% no in-house ratios for this holding
CYRUSONE DATA CENTER ISSUER LLC UNSCREENED 0.13% no in-house ratios for this holding
VOLVO FINANCIAL EQUIPMENT LLC UNSCREENED 0.13% no in-house ratios for this holding
BLACK HILLS CORPORATION UNSCREENED 0.13% no in-house ratios for this holding
Federal National Mortgage Association NON_COMPLIANT 0.13% no in-house ratios for this holding
ULS UL SOLUTIONS INC. COMPLIANT 0.13% AAOIFI3.2% Usmani15.3% Dow Jones Islamic3.4% S&P Shariahpass MSCI Islamic15.3% MSCI Islamic M-Seriespass FTSE Shariah9.7%
SCF EQUIPMENT LEASING LLC UNSCREENED 0.13% no in-house ratios for this holding
ARIZONA PUBLIC SERVICE COMPANY UNSCREENED 0.13% no in-house ratios for this holding
COKE COCA-COLA CONSOLIDATED, INC. COMPLIANT 0.13% AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
ENB.TO Enbridge Inc. NON_COMPLIANT 0.13% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
USB U.S. BANCORP NON_COMPLIANT 0.13% AAOIFI38.7% Usmani5.1% Dow Jones Islamic49.4% S&P Shariah54.1% MSCI Islamic5.1% MSCI Islamic M-Series54.1% FTSE Shariah5.1%
Freddie Mac NON_COMPLIANT 0.13% no in-house ratios for this holding
EVERGY MISSOURI WEST, INC. UNSCREENED 0.13% no in-house ratios for this holding
AXP AMERICAN EXPRESS COMPANY NON_COMPLIANT 0.13% AAOIFI26.8% Usmani19.2% Dow Jones Islamic27.4% S&P Shariah30.8% MSCI Islamic19.2% MSCI Islamic M-Series30.8% FTSE Shariah19.2%
HEALTH CARE SERVICE CORP MUT LEG RES CO UNSCREENED 0.13% no in-house ratios for this holding
ZBH ZIMMER BIOMET HOLDINGS, INC. NON_COMPLIANT 0.13% AAOIFI40.7% Usmani32.8% Dow Jones Islamic39.1% S&P Shariah36.3% MSCI Islamic32.8% MSCI Islamic M-Series36.3% FTSE Shariah32.8%
SFS AUTO RECEIVABLES SECURITIZATION TRUST UNSCREENED 0.13% no in-house ratios for this holding
CROSSROADS ASSET TRUST UNSCREENED 0.13% no in-house ratios for this holding
ENTERGY LOUISIANA, LLC UNSCREENED 0.13% no in-house ratios for this holding
Santander Holdings USA, Inc. UNSCREENED 0.13% no in-house ratios for this holding
CNQ CANADIAN NATURAL RESOURCES LIMITED COMPLIANT 0.13% AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
NIAGARA MOHAWK POWER CORPORATION UNSCREENED 0.13% no in-house ratios for this holding
200 PARK FUNDING TRUST UNSCREENED 0.13% no in-house ratios for this holding
WHEELS FLEET LEASE FUNDING LLC UNSCREENED 0.12% no in-house ratios for this holding
COMM MORTGAGE TRUST UNSCREENED 0.12% no in-house ratios for this holding
TFC Truist Financial Corporation NON_COMPLIANT 0.12% AAOIFI110.7% Usmani12.6% Dow Jones Islamic124.2% S&P Shariah135.1% MSCI Islamic12.6% MSCI Islamic M-Series135.1% FTSE Shariah12.6%
LABORATORY CORPORATION OF AMERICA HOLDINGS UNSCREENED 0.12% no in-house ratios for this holding
UNITED AIRLINES, INC. UNSCREENED 0.12% no in-house ratios for this holding
Mercedes-Benz Auto Receivables Trust UNSCREENED 0.12% no in-house ratios for this holding
IRV TRUST UNSCREENED 0.12% no in-house ratios for this holding
ANG-PD AMERICAN NATIONAL GROUP INC. NON_COMPLIANT 0.12% AAOIFI159.9% Usmani2.2% Dow Jones Islamic1251693.9% S&P Shariahfail MSCI Islamic2.2% MSCI Islamic M-Seriesfail FTSE Shariah2.2%
M&T EQUIPTMENT LLC UNSCREENED 0.12% no in-house ratios for this holding
SCCU AUTO RECEIVABLES TRUST UNSCREENED 0.12% no in-house ratios for this holding
GLS AUTO SELECT RECEIVABLES TRUST UNSCREENED 0.12% no in-house ratios for this holding
DTE DTE ENERGY COMPANY NON_COMPLIANT 0.12% AAOIFI90.3% Usmani46.4% Dow Jones Islamic93.7% S&P Shariah101.8% MSCI Islamic46.4% MSCI Islamic M-Series101.8% FTSE Shariah45.9%
U S BANK NATIONAL ASSOCIATION UNSCREENED 0.12% no in-house ratios for this holding
COMMONWEALTH EDISON COMPANY UNSCREENED 0.12% no in-house ratios for this holding
AEP TEXAS INC. UNSCREENED 0.12% no in-house ratios for this holding
ONCOR ELECTRIC DELIVERY COMPANY LLC UNSCREENED 0.12% no in-house ratios for this holding
Federal National Mortgage Association NON_COMPLIANT 0.12% no in-house ratios for this holding
Northern States Power Company (Wisconsin) UNSCREENED 0.12% no in-house ratios for this holding
MARS, INCORPORATED UNSCREENED 0.11% no in-house ratios for this holding
OKE ONEOK, INC. NON_COMPLIANT 0.11% AAOIFI52.4% Usmani46.0% Dow Jones Islamic62.1% S&P Shariah68.1% MSCI Islamic46.0% MSCI Islamic M-Series68.1% FTSE Shariah46.0%
M&T BANK AUTO RECEIVABLES TRUST UNSCREENED 0.11% no in-house ratios for this holding
MASSMUTUAL GLOBAL FUNDING II UNSCREENED 0.11% no in-house ratios for this holding
GPC GENUINE PARTS COMPANY NON_COMPLIANT 0.11% AAOIFI31.0% Usmani28.0% Dow Jones Islamic35.7% S&P Shariah34.4% MSCI Islamic28.0% MSCI Islamic M-Series34.4% FTSE Shariah20.1%
CBRE SERVICES, INC. UNSCREENED 0.11% no in-house ratios for this holding
PNW PINNACLE WEST CAPITAL CORPORATION NON_COMPLIANT 0.11% AAOIFI132.7% Usmani48.2% Dow Jones Islamic147.1% S&P Shariah162.0% MSCI Islamic48.2% MSCI Islamic M-Series162.0% FTSE Shariah32.4%
EOG EOG RESOURCES, INC. COMPLIANT 0.11% AAOIFI10.8% Usmani15.1% Dow Jones Islamic12.6% S&P Shariah12.5% MSCI Islamic15.1% MSCI Islamic M-Series12.5% FTSE Shariah14.5%
DLLMT LLC UNSCREENED 0.11% no in-house ratios for this holding
PLAINS ALL AMERICAN PIPELINE, L.P. UNSCREENED 0.10% no in-house ratios for this holding
GREATAMERICA LEASING RECEIVABLES FUNDING, L.L.C. UNSCREENED 0.10% no in-house ratios for this holding
Bacardi-Martini B.V. UNSCREENED 0.10% no in-house ratios for this holding
PROTECTIVE LIFE GLOBAL FUNDING UNSCREENED 0.10% no in-house ratios for this holding
ARI FLEET LEASE TRUST UNSCREENED 0.10% no in-house ratios for this holding
NLG GLOBAL FUNDING UNSCREENED 0.10% no in-house ratios for this holding
LEIDOS, INC. UNSCREENED 0.10% no in-house ratios for this holding
ENTERPRISE FLEET FINANCING LLC UNSCREENED 0.10% no in-house ratios for this holding
Minera Mexico, S.A. de C.V. UNSCREENED 0.10% no in-house ratios for this holding
FEDERAL FARM CREDIT BANKS FUNDING CORPORATION NON_COMPLIANT 0.10% no in-house ratios for this holding
ENTERGY LOUISIANA, LLC UNSCREENED 0.10% no in-house ratios for this holding
NORTHWESTERN MUTUAL GLOBAL FUNDING UNSCREENED 0.10% no in-house ratios for this holding
Federal National Mortgage Association NON_COMPLIANT 0.10% no in-house ratios for this holding
TPR TAPESTRY, INC. COMPLIANT 0.10% AAOIFI16.9% Usmani59.3% Dow Jones Islamic18.9% S&P Shariah23.7% MSCI Islamic59.3% MSCI Islamic M-Series23.7% FTSE Shariah35.8%
373220.KS LG ENERGY SOLUTION, LTD. COMPLIANT 0.10% AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail
Freddie Mac NON_COMPLIANT 0.10% no in-house ratios for this holding
CREDIT SUISSE FIRST BOSTON CORPORATION UNSCREENED 0.10% no in-house ratios for this holding
VB-S1 ISSUER, LLC UNSCREENED 0.10% no in-house ratios for this holding
OGLETHORPE POWER CORP UNSCREENED 0.10% no in-house ratios for this holding
HOUSTON GALLERIA MALL TRUST UNSCREENED 0.10% no in-house ratios for this holding
MATTEL, INC. UNSCREENED 0.10% no in-house ratios for this holding
WM WASTE MANAGEMENT, INC. COMPLIANT 0.10% AAOIFI25.8% Usmani50.3% Dow Jones Islamic26.5% S&P Shariah27.9% MSCI Islamic50.3% MSCI Islamic M-Series27.9% FTSE Shariah50.3%
JOHN DEERE OWNER TRUST UNSCREENED 0.10% no in-house ratios for this holding
COF CAPITAL ONE FINANCIAL CORPORATION NON_COMPLIANT 0.10% AAOIFI38.5% Usmani7.6% Dow Jones Islamic49.3% S&P Shariah60.5% MSCI Islamic7.6% MSCI Islamic M-Series60.5% FTSE Shariah7.6%
OTIS OTIS WORLDWIDE CORPORATION NON_COMPLIANT 0.10% AAOIFI31.9% Usmani77.4% Dow Jones Islamic25.2% S&P Shariah25.0% MSCI Islamic77.4% MSCI Islamic M-Series25.0% FTSE Shariah73.7%
The Northwestern Mutual Life Insurance Co UNSCREENED 0.10% no in-house ratios for this holding
ONE BRYANT PARK TRUST UNSCREENED 0.10% no in-house ratios for this holding
Federal National Mortgage Association NON_COMPLIANT 0.09% no in-house ratios for this holding
FEDERAL FARM CREDIT BANKS FUNDING CORPORATION NON_COMPLIANT 0.09% no in-house ratios for this holding
OXY OCCIDENTAL PETROLEUM CORPORATION NON_COMPLIANT 0.09% AAOIFI24.4% Usmani19.4% Dow Jones Islamic31.4% S&P Shariah30.3% MSCI Islamic18.2% MSCI Islamic M-Series30.3% FTSE Shariah17.1%
8306.T Mitsubishi UFJ Financial Group, Inc. NON_COMPLIANT 0.09% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
HUNTSMAN INTERNATIONAL LLC UNSCREENED 0.09% no in-house ratios for this holding
SYY SYSCO CORPORATION NON_COMPLIANT 0.09% AAOIFI38.2% Usmani54.1% Dow Jones Islamic41.2% S&P Shariah41.9% MSCI Islamic52.7% MSCI Islamic M-Series41.9% FTSE Shariah47.6%
SMURFIT WESTROCK FINANCING DESIGNATED ACTIVITY COMPANY UNSCREENED 0.09% no in-house ratios for this holding
ARE ALEXANDRIA REAL ESTATE EQUITIES, INC. NON_COMPLIANT 0.09% AAOIFI183.2% Usmani37.0% Dow Jones Islamic113.6% S&P Shariah95.2% MSCI Islamic37.0% MSCI Islamic M-Series95.2% FTSE Shariah37.0%
LPL HOLDINGS, INC. UNSCREENED 0.09% no in-house ratios for this holding
TRGP TARGA RESOURCES CORP. NON_COMPLIANT 0.09% AAOIFI31.5% Usmani71.4% Dow Jones Islamic46.4% S&P Shariah55.1% MSCI Islamic68.7% MSCI Islamic M-Series55.1% FTSE Shariah68.7%
HUM HUMANA INC. NON_COMPLIANT 0.09% AAOIFI30.1% Usmani26.3% Dow Jones Islamic44.9% S&P Shariah38.8% MSCI Islamic26.3% MSCI Islamic M-Series38.8% FTSE Shariah25.3%
EVERGY KANSAS CENTRAL, INC. UNSCREENED 0.09% no in-house ratios for this holding
CHEVRON PHILLIPS CHEMICAL COMPANY LLC UNSCREENED 0.09% no in-house ratios for this holding
TAMPA ELECTRIC COMPANY UNSCREENED 0.09% no in-house ratios for this holding
GXO GXO LOGISTICS, INC. NON_COMPLIANT 0.09% AAOIFI110.4% Usmani53.3% Dow Jones Islamic105.4% S&P Shariah102.0% MSCI Islamic49.5% MSCI Islamic M-Series102.0% FTSE Shariah25.9%
RIO TINTO FINANCE (USA) LIMITED UNSCREENED 0.09% no in-house ratios for this holding

The published standards disagree about this fund by 1 points of portfolio weight — 4.1% of it passes Dow Jones Islamic, 2.9% 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 3.6% ratios fail on 11.6% 83.6% not rated under AAOIFI

87 of 301 listed holdings carry our own per-methodology verdicts (16% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 76 (14% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.

Non-compliant holdingWeight
United States of America 4.57%
Federal National Mortgage Association 4.12%
United States of America 4.06%
United States of America 3.82%
United States of America 3.59%
United States of America 3.10%
United States of America 2.96%
Freddie Mac 2.37%
United States of America 2.22%
United States of America 2.13%
🕌Open research, not a fatwa — verify with your own scholar.

Trade setup

Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.

SEPARATE FROM SHARIAH
No trade setup shown — a stock that isn't cleanly Sharia-compliant never gets a bullish verdict here.

Victory Total Return Bond Fund (MUCRX) 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.

3.3%Compliant 0.1%Questionable 69.5%Non-compliant 25.9%Not screened
HoldingWeightVerdict
United States of Americanot matched to a ticker 4.57% Non-compliant
Federal National Mortgage Associationnot matched to a ticker 4.12% Non-compliant
United States of Americanot matched to a ticker 4.06% Non-compliant
United States of Americanot matched to a ticker 3.82% Non-compliant
United States of Americanot matched to a ticker 3.59% Non-compliant
United States of Americanot matched to a ticker 3.10% Non-compliant
United States of Americanot matched to a ticker 2.96% Non-compliant
Freddie Macnot matched to a ticker 2.37% Non-compliant
United States of Americanot matched to a ticker 2.22% Non-compliant
United States of Americanot matched to a ticker 2.13% Non-compliant

Top 10 of 301 holdings, 32.9% 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.

  • United States of Americanon-compliant4.57%
  • Federal National Mortgage Associationnon-compliant4.12%
  • United States of Americanon-compliant4.06%
  • United States of Americanon-compliant3.82%
  • United States of Americanon-compliant3.59%
  • United States of Americanon-compliant3.10%

What changed, and when

Verdict history for MUCRX. 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 MUCRX has been recorded since tracking began. The scan ledger records that the compliance detectors ran, not which symbols each pass covered.

Tracked since 2026-09-07.

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.

No usable intraday or daily bars came back for this listing, so there is no structure to read.

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.

Tell us what's working, what's confusing, or what you want to see next — read by a real person, not a form that goes nowhere.