MVFDETF / FundMonarch Volume Factor Dividend Tree Index ETF
Verdicts genuinely change. Free email alert the moment MVFD'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.
Monarch Volume Factor Dividend Tree Index ETF ETF · Northern Lights Fund Trust IV
40 holdings · as of 2026-08-31 (2.1 months ago)
NON-COMPLIANT 45.66% of portfolio weight is in non-compliant holdings, over the 5% threshold.
40 holdings, 37 matched (93% of weight). Portfolio as of 2026-08-31, filed 2026-10-29. Source: SEC Form N-PORT.
1.04% of this portfolio’s income is non-permissible — weighted across holdings, computed over 86% of portfolio weight (34 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.
45.2% compliant 1.4% questionable 45.7% non-compliant 7.4% unscreened
All holdings (40)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| OXY OCCIDENTAL PETROLEUM CORP | NON_COMPLIANT | 3.83% | AAOIFI24.4% Usmani19.4% Dow Jones Islamic31.4% S&P Shariah30.3% MSCI Islamic18.2% MSCI Islamic M-Series30.3% FTSE Shariah17.1% |
| MPC MARATHON PETROLEUM CORP | NON_COMPLIANT | 3.21% | AAOIFI31.4% Usmani36.4% Dow Jones Islamic59.6% S&P Shariah59.2% MSCI Islamic36.4% MSCI Islamic M-Series59.2% FTSE Shariah34.8% |
| PTEN PATTERSON-UTI ENERGY INC | NON_COMPLIANT | 3.21% | AAOIFI29.2% Usmani23.9% Dow Jones Islamic42.4% S&P Shariah39.2% MSCI Islamic23.8% MSCI Islamic M-Series39.2% FTSE Shariah23.0% |
| SLB LTD | UNSCREENED | 3.12% | no in-house ratios for this holding |
| APA APA CORP | NON_COMPLIANT | 3.11% | AAOIFI25.9% Usmani21.6% Dow Jones Islamic42.6% S&P Shariah41.4% MSCI Islamic21.6% MSCI Islamic M-Series41.4% FTSE Shariah20.8% |
| HPE HEWLETT PACKARD ENTERPRISE COMPANY | NON_COMPLIANT | 3.04% | AAOIFI29.3% Usmani24.2% Dow Jones Islamic61.2% S&P Shariah69.5% MSCI Islamic24.2% MSCI Islamic M-Series69.5% FTSE Shariah24.2% |
| SM SM ENERGY COMPANY | NON_COMPLIANT | 3.03% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| KNTK KINETIK HOLDINGS INC | NON_COMPLIANT | 3.03% | AAOIFI43.0% Usmani55.5% Dow Jones Islamic56.5% S&P Shariah62.5% MSCI Islamic55.5% MSCI Islamic M-Series62.5% FTSE Shariah54.8% |
| PR PERMIAN RESOURCES CORP | COMPLIANT | 3.00% | AAOIFI16.0% Usmani17.0% Dow Jones Islamic25.3% S&P Shariah28.1% MSCI Islamic16.9% MSCI Islamic M-Series28.1% FTSE Shariah16.2% |
| SJM J.M. SMUCKER COMPANY (THE) | NON_COMPLIANT | 2.80% | AAOIFI48.0% Usmani41.6% Dow Jones Islamic60.6% S&P Shariah60.2% MSCI Islamic41.6% MSCI Islamic M-Series60.2% FTSE Shariah40.4% |
| OVV OVINTIV INC | NON_COMPLIANT | 2.74% | AAOIFI25.7% Usmani26.1% Dow Jones Islamic40.6% S&P Shariah41.2% MSCI Islamic25.5% MSCI Islamic M-Series41.2% FTSE Shariah19.2% |
| MGY MAGNOLIA OIL & GAS CORP | COMPLIANT | 2.74% | AAOIFI6.5% Usmani13.2% Dow Jones Islamic9.0% S&P Shariah9.4% MSCI Islamic13.2% MSCI Islamic M-Series9.4% FTSE Shariah12.5% |
| CF CF INDUSTRIES HOLDINGS INC | COMPLIANT | 2.73% | AAOIFI17.9% Usmani23.9% Dow Jones Islamic24.1% S&P Shariah24.7% MSCI Islamic23.9% MSCI Islamic M-Series24.7% FTSE Shariah21.3% |
| NEU NEWMARKET CORP | COMPLIANT | 2.68% | AAOIFI11.5% Usmani26.0% Dow Jones Islamic15.1% S&P Shariah16.2% MSCI Islamic26.0% MSCI Islamic M-Series16.2% FTSE Shariah23.6% |
| CHD CHURCH & DWIGHT CO INC | COMPLIANT | 2.64% | AAOIFI10.6% Usmani26.7% Dow Jones Islamic10.4% S&P Shariah10.4% MSCI Islamic26.7% MSCI Islamic M-Series10.4% FTSE Shariah24.8% |
| CRC CALIFORNIA RESOURCES CORP | COMPLIANT | 2.56% | AAOIFI28.0% Usmani19.0% Dow Jones Islamic31.5% S&P Shariah34.1% MSCI Islamic19.0% MSCI Islamic M-Series34.1% FTSE Shariah18.0% |
| EQT EQT CORP | COMPLIANT | 2.55% | AAOIFI16.4% Usmani13.7% Dow Jones Islamic18.1% S&P Shariah21.8% MSCI Islamic13.7% MSCI Islamic M-Series21.8% FTSE Shariah13.7% |
| MATX MATSON INC | COMPLIANT | 2.53% | AAOIFI10.7% Usmani15.2% Dow Jones Islamic16.1% S&P Shariah17.1% MSCI Islamic15.2% MSCI Islamic M-Series17.1% FTSE Shariah7.1% |
| RRC RANGE RESOURCES CORP | COMPLIANT | 2.52% | AAOIFI10.4% Usmani13.4% Dow Jones Islamic11.6% S&P Shariah12.0% MSCI Islamic13.4% MSCI Islamic M-Series12.0% FTSE Shariah11.5% |
| VZ VERIZON COMMUNICATIONS INC | NON_COMPLIANT | 2.51% | AAOIFI98.4% Usmani45.9% Dow Jones Islamic109.0% S&P Shariah116.8% MSCI Islamic45.9% MSCI Islamic M-Series116.8% FTSE Shariah40.3% |
| RPRX ROYALTY PHARMA PLC | NON_COMPLIANT | 2.49% | AAOIFI25.9% Usmani45.2% Dow Jones Islamic57.5% S&P Shariah64.9% MSCI Islamic45.2% MSCI Islamic M-Series64.9% FTSE Shariah45.2% |
| CBT CABOT CORP | COMPLIANT | 2.48% | AAOIFI28.6% Usmani27.4% Dow Jones Islamic26.1% S&P Shariah24.9% MSCI Islamic27.4% MSCI Islamic M-Series24.9% FTSE Shariah27.4% |
| FERG FERGUSON ENTERPRISES INC | UNRATED | 2.36% | AAOIFI15.7% Usmani35.7% Dow Jones Islamic16.4% S&P Shariah17.1% MSCI Islamic35.7% MSCI Islamic M-Series17.1% FTSE Shariah25.4% |
| NHC NATIONAL HEALTHCARE CORP | COMPLIANT | 2.35% | AAOIFI0.9% Usmani2.0% Dow Jones Islamic1.5% S&P Shariah1.7% MSCI Islamic2.0% MSCI Islamic M-Series1.7% FTSE Shariah0.0% |
| ABM INDUSTRIES INC | UNSCREENED | 2.31% | no in-house ratios for this holding |
| MWA MUELLER WATER PRODUCTS INC | COMPLIANT | 2.29% | AAOIFI12.2% Usmani23.2% Dow Jones Islamic11.6% S&P Shariah13.3% MSCI Islamic23.2% MSCI Islamic M-Series13.3% FTSE Shariah23.2% |
| ROST ROSS STORES INC | COMPLIANT | 2.27% | AAOIFI6.4% Usmani29.7% Dow Jones Islamic8.5% S&P Shariah9.2% MSCI Islamic29.7% MSCI Islamic M-Series9.2% FTSE Shariah6.4% |
| IPAR INTERPARFUMS INC | COMPLIANT | 2.24% | AAOIFI4.3% Usmani10.9% Dow Jones Islamic4.6% S&P Shariah4.5% MSCI Islamic10.9% MSCI Islamic M-Series4.5% FTSE Shariah9.6% |
| ALL ALLSTATE CORP (THE) | NON_COMPLIANT | 2.21% | AAOIFI11.4% Usmani6.0% Dow Jones Islamic14.1% S&P Shariah15.6% MSCI Islamic6.0% MSCI Islamic M-Series15.6% FTSE Shariah6.0% |
| SIRI SIRIUS XM HOLDINGS INC | NON_COMPLIANT | 2.16% | AAOIFI96.8% Usmani34.8% Dow Jones Islamic120.6% S&P Shariah95.9% MSCI Islamic34.8% MSCI Islamic M-Series95.9% FTSE Shariah34.8% |
| AESI ATLAS ENERGY SOLUTIONS INC | NON_COMPLIANT | 2.12% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| LCII LCI INDUSTRIES | NON_COMPLIANT | 2.09% | AAOIFI46.0% Usmani35.1% Dow Jones Islamic45.1% S&P Shariah44.8% MSCI Islamic35.1% MSCI Islamic M-Series44.8% FTSE Shariah26.1% |
| CL COLGATE-PALMOLIVE COMPANY | COMPLIANT | 2.09% | AAOIFI10.5% Usmani46.6% Dow Jones Islamic11.2% S&P Shariah11.2% MSCI Islamic46.6% MSCI Islamic M-Series11.2% FTSE Shariah46.6% |
| LKQ LKQ CORP | NON_COMPLIANT | 2.07% | AAOIFI24.7% Usmani9.2% Dow Jones Islamic17.0% S&P Shariah15.2% MSCI Islamic9.2% MSCI Islamic M-Series15.2% FTSE Shariah0.0% |
| GL GLOBE LIFE INC | NON_COMPLIANT | 2.00% | AAOIFI22.0% Usmani9.3% Dow Jones Islamic27.1% S&P Shariah28.2% MSCI Islamic9.3% MSCI Islamic M-Series28.2% FTSE Shariah9.3% |
| ARCHROCK INC | UNSCREENED | 1.93% | no in-house ratios for this holding |
| BHE BENCHMARK ELECTRONICS INC | COMPLIANT | 1.84% | AAOIFI11.3% Usmani13.3% Dow Jones Islamic16.2% S&P Shariah18.7% MSCI Islamic13.3% MSCI Islamic M-Series18.7% FTSE Shariah8.3% |
| KLIC KULICKE AND SOFFA INDUSTRIES INC | COMPLIANT | 1.77% | AAOIFI0.9% Usmani2.9% Dow Jones Islamic1.3% S&P Shariah1.4% MSCI Islamic2.9% MSCI Islamic M-Series1.4% FTSE Shariah0.0% |
| ATEN A10 NETWORKS INC | COMPLIANT | 1.61% | AAOIFI12.7% Usmani33.4% Dow Jones Islamic15.5% S&P Shariah17.5% MSCI Islamic33.4% MSCI Islamic M-Series17.5% FTSE Shariah32.4% |
| EVC ENTRAVISION COMMUNICATIONS CORP | QUESTIONABLE | 1.41% | AAOIFI36.7% Usmani45.8% Dow Jones Islamic56.1% S&P Shariah65.7% MSCI Islamic45.8% MSCI Islamic M-Series65.7% FTSE Shariah34.9% |
The published standards disagree about this fund by 17 points of portfolio weight — 64.1% of it passes AAOIFI, 46.9% 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 64.1% ratios fail on 23.5% 12.1% not rated under AAOIFI
ratios pass on 56.1% ratios fail on 32.3% 11.3% not rated under Usmani
ratios pass on 49.5% ratios fail on 38.1% 12.1% not rated under Dow Jones Islamic
ratios pass on 46.9% ratios fail on 40.7% 12.1% not rated under S&P Shariah
ratios pass on 52.0% ratios fail on 36.4% 11.3% not rated under MSCI Islamic
ratios pass on 46.9% ratios fail on 40.7% 12.1% not rated under MSCI Islamic M-Series
ratios pass on 58.2% ratios fail on 27.8% 13.7% not rated under FTSE Shariah
37 of 40 listed holdings carry our own per-methodology verdicts (92% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 36 (90% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| OXY OCCIDENTAL PETROLEUM CORP | 3.83% |
| MPC MARATHON PETROLEUM CORP | 3.21% |
| PTEN PATTERSON-UTI ENERGY INC | 3.21% |
| APA APA CORP | 3.11% |
| HPE HEWLETT PACKARD ENTERPRISE COMPANY | 3.04% |
| SM SM ENERGY COMPANY | 3.03% |
| KNTK KINETIK HOLDINGS INC | 3.03% |
| SJM J.M. SMUCKER COMPANY (THE) | 2.80% |
| OVV OVINTIV INC | 2.74% |
| VZ VERIZON COMMUNICATIONS INC | 2.51% |
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.
Monarch Volume Factor Dividend Tree Index ETF (MVFD) 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 MVFD — 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) | 68.10 | NEUTRAL |
| Stochastic %K (14) | 80.05 | SELL |
| CCI (20) | 112.33 | SELL |
| Williams %R (14) | -19.95 | SELL |
| MACD (12,26,9) | 0.13 | BUY |
| ROC (10) | 3.71 | BUY |
| Momentum (10) | 1.20 | BUY |
| EMA (10) | 33.15 | BUY |
| SMA (10) | 33.19 | BUY |
| EMA (20) | 32.58 | BUY |
| SMA (20) | 32.39 | BUY |
| EMA (30) | 32.23 | BUY |
| SMA (30) | 31.73 | BUY |
| EMA (50) | 31.81 | BUY |
| SMA (50) | 31.61 | BUY |
| EMA (100) | 31.22 | BUY |
| SMA (100) | 31.03 | BUY |
| EMA (200) | 30.44 | BUY |
| SMA (200) | 30.45 | BUY |
About Monarch Volume Factor Dividend Tree Index ETF
The fund invests sat least 80% of its total assets in the constituents of the index. The index consists of 40 equally-weighted individual stocks that demonstrate positive cash flow and an ability to pay dividends and up to 5 fixed income ETFs if the cash flow trend is negative.
Background via Yahoo Finance — informational, not part of the verdict.
No real edge — avoid
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 | BULLISH | 42 |
| 🕐 1H | NEUTRAL | 15 |
| ⏱ 15-Min | BULLISH | 60 |
| ⏲ 5-Min | BULLISH | 180 |
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.