NIAGXETF / FundNIA IMPACT SOLUTIONS FUND
Verdicts genuinely change. Free email alert the moment NIAGX's does — no target price to set, unlike a price alert.
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.
NIA IMPACT SOLUTIONS FUND · Ultimus Managers Trust
57 holdings
NON-COMPLIANT 28.84% of portfolio weight is in non-compliant holdings, over the 5% threshold.
57 holdings, 50 matched (90% of weight). Portfolio as of 2026-08-31, filed 2026-10-29. Source: SEC Form N-PORT.
3.52% of this portfolio’s income is non-permissible — weighted across holdings, computed over 84% of portfolio weight (46 of 57 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.
60.9% compliant 0.0% questionable 28.8% non-compliant 10.2% unscreened
All holdings (57)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| TSM TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD | COMPLIANT | 3.94% | AAOIFI1.5% Usmani13.8% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic13.4% MSCI Islamic M-Series0.6% FTSE Shariah13.4% |
| PANW PALO ALTO NETWORKS INC | COMPLIANT | 3.83% | AAOIFI0.3% Usmani1.6% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic1.6% MSCI Islamic M-Series0.6% FTSE Shariah0.0% |
| EBAY EBAY INC | COMPLIANT | 3.32% | AAOIFI13.9% Usmani35.6% Dow Jones Islamic16.9% S&P Shariah19.4% MSCI Islamic35.6% MSCI Islamic M-Series19.4% FTSE Shariah33.4% |
| VRTX VERTEX PHARMACEUTICALS INC | COMPLIANT | 3.18% | AAOIFI1.6% Usmani7.2% Dow Jones Islamic1.7% S&P Shariah1.7% MSCI Islamic7.2% MSCI Islamic M-Series1.7% FTSE Shariah0.0% |
| HASI HA SUSTAINABLE INFRASTRUCTURE CAPITAL INC | NON_COMPLIANT | 3.03% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| VWS.CO VESTAS WIND SYSTEMS A/S | COMPLIANT | 3.02% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| GILD GILEAD SCIENCES INC | COMPLIANT | 2.88% | AAOIFI14.4% Usmani53.2% Dow Jones Islamic18.6% S&P Shariah21.4% MSCI Islamic53.2% MSCI Islamic M-Series21.4% FTSE Shariah53.2% |
| FTDR FRONTDOOR INC | COMPLIANT | 2.72% | AAOIFI20.0% Usmani55.3% Dow Jones Islamic27.4% S&P Shariah31.0% MSCI Islamic55.3% MSCI Islamic M-Series31.0% FTSE Shariah54.4% |
| SAP SAP SE | COMPLIANT | 2.65% | AAOIFI3.5% Usmani13.0% Dow Jones Islamic3.1% S&P Shariah3.4% MSCI Islamic10.6% MSCI Islamic M-Series3.4% FTSE Shariah10.6% |
| GSK GSK PLC | NON_COMPLIANT | 2.64% | AAOIFI19.2% Usmani23.6% Dow Jones Islamic10.6% S&P Shariah11.2% MSCI Islamic23.6% MSCI Islamic M-Series11.2% FTSE Shariah23.6% |
| AVGO BROADCOM INC | COMPLIANT | 2.52% | AAOIFI3.8% Usmani32.5% Dow Jones Islamic4.4% S&P Shariah5.5% MSCI Islamic32.5% MSCI Islamic M-Series5.5% FTSE Shariah32.5% |
| HOOD ROBINHOOD MARKETS INC | NON_COMPLIANT | 2.48% | AAOIFI0.2% Usmani0.4% Dow Jones Islamic0.3% S&P Shariah0.4% MSCI Islamic0.4% MSCI Islamic M-Series0.4% FTSE Shariah0.0% |
| FSLR FIRST SOLAR INC | COMPLIANT | 2.43% | AAOIFI0.9% Usmani1.4% Dow Jones Islamic0.7% S&P Shariah0.7% MSCI Islamic1.2% MSCI Islamic M-Series0.7% FTSE Shariah0.3% |
| IBM INTERNATIONAL BUSINESS MACHINES CORP | NON_COMPLIANT | 2.36% | AAOIFI29.5% Usmani42.9% Dow Jones Islamic28.2% S&P Shariah32.2% MSCI Islamic42.9% MSCI Islamic M-Series32.2% FTSE Shariah40.8% |
| IRON MOUNTAIN INC (REIT) | UNSCREENED | 2.23% | no in-house ratios for this holding |
| SU.PA SCHNEIDER ELECTRIC SE | COMPLIANT | 2.20% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| ANET ARISTA NETWORKS INC | COMPLIANT | 2.14% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| VRT VERTIV HOLDINGS COMPANY | COMPLIANT | 2.10% | AAOIFI3.2% Usmani19.0% Dow Jones Islamic4.5% S&P Shariah5.7% MSCI Islamic19.0% MSCI Islamic M-Series5.7% FTSE Shariah18.5% |
| FIRST AMERICAN FUNDS INC | UNSCREENED | 2.07% | no in-house ratios for this holding |
| AMAL AMALGAMATED FINANCIAL CORP | NON_COMPLIANT | 2.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| STN STANTEC INC | COMPLIANT | 2.05% | AAOIFI16.0% Usmani22.9% Dow Jones Islamic13.0% S&P Shariah13.7% MSCI Islamic22.9% MSCI Islamic M-Series13.7% FTSE Shariah22.9% |
| COCO VITA COCO COMPANY INC (THE) | COMPLIANT | 1.91% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| SLM.JO SANLAM LTD | NON_COMPLIANT | 1.88% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AMD ADVANCED MICRO DEVICES INC | COMPLIANT | 1.87% | AAOIFI0.5% Usmani5.1% Dow Jones Islamic1.2% S&P Shariah1.3% MSCI Islamic5.1% MSCI Islamic M-Series1.3% FTSE Shariah3.8% |
| BROOKFIELD RENEWABLE CORP | UNSCREENED | 1.82% | no in-house ratios for this holding |
| AAPL APPLE INC | COMPLIANT | 1.80% | AAOIFI2.1% Usmani21.5% Dow Jones Islamic2.2% S&P Shariah2.4% MSCI Islamic21.5% MSCI Islamic M-Series2.4% FTSE Shariah21.5% |
| UNITED NATURAL FOODS INC | UNSCREENED | 1.75% | no in-house ratios for this holding |
| NET CLOUDFLARE INC | NON_COMPLIANT | 1.72% | AAOIFI0.3% Usmani4.0% Dow Jones Islamic0.4% S&P Shariah0.5% MSCI Islamic4.0% MSCI Islamic M-Series0.5% FTSE Shariah0.0% |
| CWT CALIFORNIA WATER SERVICE GROUP | NON_COMPLIANT | 1.72% | AAOIFI47.6% Usmani24.7% Dow Jones Islamic53.9% S&P Shariah54.3% MSCI Islamic24.7% MSCI Islamic M-Series54.3% FTSE Shariah24.7% |
| LRN STRIDE INC | COMPLIANT | 1.71% | AAOIFI12.2% Usmani22.4% Dow Jones Islamic9.2% S&P Shariah10.7% MSCI Islamic17.6% MSCI Islamic M-Series10.7% FTSE Shariah17.2% |
| WGS GENEDX HOLDINGS CORP | COMPLIANT | 1.65% | AAOIFI4.7% Usmani20.1% Dow Jones Islamic3.9% S&P Shariah5.5% MSCI Islamic20.1% MSCI Islamic M-Series5.5% FTSE Shariah20.1% |
| NTRA NATERA INC | COMPLIANT | 1.63% | AAOIFI0.5% Usmani9.0% Dow Jones Islamic0.9% S&P Shariah1.2% MSCI Islamic9.0% MSCI Islamic M-Series1.2% FTSE Shariah3.0% |
| VMI VALMONT INDUSTRIES INC | COMPLIANT | 1.57% | AAOIFI9.4% Usmani25.2% Dow Jones Islamic11.5% S&P Shariah13.0% MSCI Islamic25.2% MSCI Islamic M-Series13.0% FTSE Shariah21.1% |
| AKAM AKAMAI TECHNOLOGIES INC | NON_COMPLIANT | 1.50% | AAOIFI74.5% Usmani62.0% Dow Jones Islamic67.0% S&P Shariah64.0% MSCI Islamic62.0% MSCI Islamic M-Series64.0% FTSE Shariah50.2% |
| C09.SI CITY DEVELOPMENTS LTD | NON_COMPLIANT | 1.47% | AAOIFI182.9% Usmani54.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic52.0% MSCI Islamic M-Seriesfail FTSE Shariah52.0% |
| BRAMBLES LTD | UNSCREENED | 1.39% | no in-house ratios for this holding |
| STLD STEEL DYNAMICS INC | COMPLIANT | 1.37% | AAOIFI12.1% Usmani24.4% Dow Jones Islamic17.6% S&P Shariah18.9% MSCI Islamic24.4% MSCI Islamic M-Series18.9% FTSE Shariah24.4% |
| TEF.MC TELEFONICA SA | NON_COMPLIANT | 1.29% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NXT NEXTPOWER INC | COMPLIANT | 1.23% | AAOIFI0.3% Usmani0.9% Dow Jones Islamic0.4% S&P Shariah0.5% MSCI Islamic0.9% MSCI Islamic M-Series0.5% FTSE Shariah0.0% |
| AMAT APPLIED MATERIALS INC | COMPLIANT | 1.20% | AAOIFI1.9% Usmani16.6% Dow Jones Islamic3.4% S&P Shariah3.7% MSCI Islamic16.6% MSCI Islamic M-Series3.7% FTSE Shariah14.8% |
| FME.DE FRESENIUS MEDICAL CARE AG | NON_COMPLIANT | 1.19% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| LMND LEMONADE INC | NON_COMPLIANT | 1.07% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| MWA MUELLER WATER PRODUCTS INC | COMPLIANT | 1.02% | AAOIFI12.2% Usmani23.2% Dow Jones Islamic11.6% S&P Shariah13.3% MSCI Islamic23.2% MSCI Islamic M-Series13.3% FTSE Shariah23.2% |
| XYL XYLEM INC | COMPLIANT | 1.02% | AAOIFI12.0% Usmani17.6% Dow Jones Islamic10.0% S&P Shariah10.3% MSCI Islamic17.6% MSCI Islamic M-Series10.3% FTSE Shariah16.9% |
| ADSK AUTODESK INC | COMPLIANT | 1.02% | AAOIFI8.4% Usmani28.7% Dow Jones Islamic6.4% S&P Shariah6.7% MSCI Islamic28.7% MSCI Islamic M-Series6.7% FTSE Shariah26.9% |
| CNM CORE & MAIN INC | NON_COMPLIANT | 0.94% | AAOIFI33.9% Usmani41.0% Dow Jones Islamic27.6% S&P Shariah28.8% MSCI Islamic41.0% MSCI Islamic M-Series28.8% FTSE Shariah36.5% |
| IMMUNITYBIO INC | UNSCREENED | 0.91% | no in-house ratios for this holding |
| SSE.L SSE PLC | NON_COMPLIANT | 0.86% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 1211.HK BYD COMPANY LTD | COMPLIANT | 0.84% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| SPOT SPOTIFY TECHNOLOGY SA | NON_COMPLIANT | 0.81% | AAOIFI1.6% Usmani9.7% Dow Jones Islamic1.5% S&P Shariah1.9% MSCI Islamic9.7% MSCI Islamic M-Series1.9% FTSE Shariah9.7% |
| NGVC NATURAL GROCERS BY VITAMIN COTTAGE INC | NON_COMPLIANT | 0.79% | AAOIFI43.0% Usmani46.9% Dow Jones Islamic35.6% S&P Shariah42.9% MSCI Islamic40.3% MSCI Islamic M-Series42.9% FTSE Shariah0.2% |
| AEIS ADVANCED ENERGY INDUSTRIES INC | COMPLIANT | 0.78% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| CXT CRANE NXT COMPANY | NON_COMPLIANT | 0.68% | AAOIFI51.4% Usmani40.8% Dow Jones Islamic48.3% S&P Shariah47.6% MSCI Islamic40.8% MSCI Islamic M-Series47.6% FTSE Shariah40.4% |
| TOST TOAST INC | COMPLIANT | 0.67% | AAOIFI0.1% Usmani0.5% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.5% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| 4568.T DAIICHI SANKYO COMPANY LTD | COMPLIANT | 0.58% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| RUN SUNRUN INC | NON_COMPLIANT | 0.37% | AAOIFI705.9% Usmani65.2% Dow Jones Islamic502.4% S&P Shariah503.0% MSCI Islamic65.0% MSCI Islamic M-Series503.0% FTSE Shariah64.9% |
| TPG, Inc. CVR | UNSCREENED | 0.03% | no in-house ratios for this holding |
The published standards disagree about this fund by 26 points of portfolio weight — 59.1% of it passes Dow Jones Islamic, 32.7% 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 58.1% ratios fail on 21.5% 20.2% not rated under AAOIFI
ratios pass on 39.9% ratios fail on 39.8% 20.2% not rated under Usmani
ratios pass on 59.1% ratios fail on 20.6% 20.2% not rated under Dow Jones Islamic
ratios pass on 59.1% ratios fail on 20.6% 20.2% not rated under S&P Shariah
ratios pass on 32.7% ratios fail on 51.2% 16.0% not rated under MSCI Islamic
ratios pass on 59.1% ratios fail on 20.6% 20.2% not rated under MSCI Islamic M-Series
ratios pass on 39.9% ratios fail on 39.0% 21.0% not rated under FTSE Shariah
50 of 57 listed holdings carry our own per-methodology verdicts (90% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 38 (70% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| HASI HA SUSTAINABLE INFRASTRUCTURE CAPITAL INC | 3.03% |
| GSK GSK PLC | 2.64% |
| HOOD ROBINHOOD MARKETS INC | 2.48% |
| IBM INTERNATIONAL BUSINESS MACHINES CORP | 2.36% |
| AMAL AMALGAMATED FINANCIAL CORP | 2.05% |
| SLM.JO SANLAM LTD | 1.88% |
| NET CLOUDFLARE INC | 1.72% |
| CWT CALIFORNIA WATER SERVICE GROUP | 1.72% |
| AKAM AKAMAI TECHNOLOGIES INC | 1.50% |
| C09.SI CITY DEVELOPMENTS LTD | 1.47% |
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
NIA IMPACT SOLUTIONS FUND (NIAGX) 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.
| Holding | Weight | Verdict |
|---|---|---|
| TSMTAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD | 3.94% | Compliant |
| PANWPALO ALTO NETWORKS INC | 3.83% | Compliant |
| EBAYEBAY INC | 3.32% | Compliant |
| VRTXVERTEX PHARMACEUTICALS INC | 3.18% | Compliant |
| HASIHA SUSTAINABLE INFRASTRUCTURE CAPITAL INC | 3.03% | Non-compliant |
| VWS.COVESTAS WIND SYSTEMS A/S | 3.02% | Compliant |
| GILDGILEAD SCIENCES INC | 2.88% | Compliant |
| FTDRFRONTDOOR INC | 2.72% | Compliant |
| SAPSAP SE | 2.65% | Compliant |
| GSKGSK PLC | 2.64% | Non-compliant |
Top 10 of 57 holdings, 31.2% 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.
- HASInon-compliant3.03%
- GSKnon-compliant2.64%
- HOODnon-compliant2.48%
- IBMnon-compliant2.36%
- IRON MOUNTAIN INC (REIT)not screened2.23%
- FIRST AMERICAN FUNDS INCnot screened2.07%
What changed, and when
Verdict history for NIAGX. 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 NIAGX has been recorded since tracking began. The scan ledger records that the compliance detectors ran, not which symbols each pass covered.
ℹ️ no compliance scan has run for 4 days - this is not a reading of today
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) | 48.20 | NEUTRAL |
| Stochastic %K (14) | 38.98 | NEUTRAL |
| CCI (20) | -0.00 | NEUTRAL |
| Williams %R (14) | -61.02 | NEUTRAL |
| MACD (12,26,9) | 0.01 | BUY |
| ROC (10) | -1.71 | SELL |
| Momentum (10) | -0.26 | SELL |
| EMA (10) | 14.96 | SELL |
| SMA (10) | 14.95 | SELL |
| EMA (20) | 14.97 | SELL |
| SMA (20) | 14.92 | SELL |
| EMA (30) | 15.00 | SELL |
| SMA (30) | 14.98 | SELL |
| EMA (50) | 15.05 | SELL |
| SMA (50) | 15.07 | SELL |
| EMA (100) | 15.06 | SELL |
| SMA (100) | 15.21 | SELL |
| EMA (200) | 14.79 | BUY |
| SMA (200) | 14.81 | BUY |
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.
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.