Verdicts genuinely change. Free email alert the moment PIAMX'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.
PIA High Yield MACS Fund · Advisors Series Trust
108 holdings
NON-COMPLIANT At least 9.90% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 88% turns out to be. Matching more holdings can only raise this share, never lower it.
108 holdings, 12 matched (11% of weight). Portfolio as of 2026-05-31, filed 2026-07-24. Source: SEC Form N-PORT.
0.25% of this portfolio’s income is non-permissible — weighted across holdings, computed over 11% of portfolio weight (12 of 108 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.
Portfolio shares are withheld: coverage is below the floor needed to state one. The holdings themselves are below, because the names are evidence you can check.
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| Fidelity Government Portfolio | UNSCREENED | 4.72% | no in-house ratios for this holding |
| VERITIV OPERATING CO | UNSCREENED | 1.61% | no in-house ratios for this holding |
| INNOPHOS HOLDINGS INC | UNSCREENED | 1.53% | no in-house ratios for this holding |
| ITT HOLDINGS LLC | UNSCREENED | 1.46% | no in-house ratios for this holding |
| VISTAJET MALTA/VM HOLDS | UNSCREENED | 1.46% | no in-house ratios for this holding |
| TMS INTERNATIONAL CORP | UNSCREENED | 1.39% | no in-house ratios for this holding |
| PODS LLC | UNSCREENED | 1.38% | no in-house ratios for this holding |
| WATCO COS LLC/FINANCE CO | UNSCREENED | 1.36% | no in-house ratios for this holding |
| CHC GROUP LLC | UNSCREENED | 1.35% | no in-house ratios for this holding |
| EFESTO BIDCO SPA/US LLC | UNSCREENED | 1.34% | no in-house ratios for this holding |
| CONDUENT BUS SERVICES | UNSCREENED | 1.33% | no in-house ratios for this holding |
| PARADIGM PRNT/CO-ISSUER | UNSCREENED | 1.30% | no in-house ratios for this holding |
| PHOENIX AVIATION CAPITAL | UNSCREENED | 1.29% | no in-house ratios for this holding |
| ASURION LLC/ASURION CO | UNSCREENED | 1.29% | no in-house ratios for this holding |
| NESCO HOLDINGS II INC | UNSCREENED | 1.27% | no in-house ratios for this holding |
| PARK-OHIO INDUSTRIES INC | UNSCREENED | 1.26% | no in-house ratios for this holding |
| ALTG ALTA EQUIPMENT GROUP | NON_COMPLIANT | 1.26% | AAOIFI304.2% Usmani47.6% Dow Jones Islamic292.0% S&P Shariah244.5% MSCI Islamic45.8% MSCI Islamic M-Series244.5% FTSE Shariah37.6% |
| SUMMIT MIDSTREAM HOLDING | UNSCREENED | 1.25% | no in-house ratios for this holding |
| MATV MATIV HOLDINGS INC | NON_COMPLIANT | 1.25% | AAOIFI146.0% Usmani52.0% Dow Jones Islamic190.0% S&P Shariah165.7% MSCI Islamic51.2% MSCI Islamic M-Series165.7% FTSE Shariah49.0% |
| FERRELLGAS LP/FERRELLGAS | UNSCREENED | 1.24% | no in-house ratios for this holding |
| STAR LEASING CO LLC | UNSCREENED | 1.24% | no in-house ratios for this holding |
| SXC SUNCOKE ENERGY INC | NON_COMPLIANT | 1.24% | AAOIFI74.8% Usmani37.9% Dow Jones Islamic97.5% S&P Shariah94.6% MSCI Islamic37.6% MSCI Islamic M-Series94.6% FTSE Shariah37.5% |
| CYPRIUM CORP/CYPRIUM HOL | UNSCREENED | 1.24% | no in-house ratios for this holding |
| CHAMPIONS FINANCING INC | UNSCREENED | 1.24% | no in-house ratios for this holding |
| RAND PARENT LLC | UNSCREENED | 1.22% | no in-house ratios for this holding |
| COLUMBUS MCKINNON CORP | UNSCREENED | 1.21% | no in-house ratios for this holding |
| GPD COS INC | UNSCREENED | 1.21% | no in-house ratios for this holding |
| RR DONNELLEY & SONS CO | UNSCREENED | 1.20% | no in-house ratios for this holding |
| BRUNDAGE-BONE CONCRETE | UNSCREENED | 1.19% | no in-house ratios for this holding |
| SYNERGY INFRASTRUCTURE H | UNSCREENED | 1.19% | no in-house ratios for this holding |
| SIMMONS FOOD INC/SIMMONS | UNSCREENED | 1.18% | no in-house ratios for this holding |
| TRANSMONTAIGNE PARTNERS | UNSCREENED | 1.18% | no in-house ratios for this holding |
| RAILWORKS HOLDINGS LP/R | UNSCREENED | 1.17% | no in-house ratios for this holding |
| SC GAMES HOLDIN/US FINCO | UNSCREENED | 1.16% | no in-house ratios for this holding |
| RAIN CARBON INC | UNSCREENED | 1.16% | no in-house ratios for this holding |
| KEHE DIST/FIN / NEXTWAVE | UNSCREENED | 1.16% | no in-house ratios for this holding |
| CIMPRESS PLC | UNSCREENED | 1.16% | no in-house ratios for this holding |
| MRT MID PART/MRT MID FIN | UNSCREENED | 1.15% | no in-house ratios for this holding |
| COMPASS MINERALS INTERNA | UNSCREENED | 1.15% | no in-house ratios for this holding |
| CASCADES INC/USA INC | UNSCREENED | 1.15% | no in-house ratios for this holding |
| AMERICAN AXLE & MFG INC | UNSCREENED | 1.15% | no in-house ratios for this holding |
| STONEMOR INC | UNSCREENED | 1.14% | no in-house ratios for this holding |
| BRIGHTSTAR LOT/BRIGHSTAR | UNSCREENED | 1.14% | no in-house ratios for this holding |
| VTOL BRISTOW GROUP INC | NON_COMPLIANT | 1.14% | AAOIFI73.3% Usmani40.7% Dow Jones Islamic88.3% S&P Shariah96.1% MSCI Islamic40.7% MSCI Islamic M-Series96.1% FTSE Shariah31.3% |
| PARK RIVER HOLDINGS INC | UNSCREENED | 1.13% | no in-house ratios for this holding |
| SPANISH BROADCASTING SYS | UNSCREENED | 1.12% | no in-house ratios for this holding |
| JW ALUMINUM CONT CAST CO | UNSCREENED | 1.12% | no in-house ratios for this holding |
| MAGN MAGNERA CORP | NON_COMPLIANT | 1.10% | AAOIFI436.8% Usmani51.1% Dow Jones Islamic512.6% S&P Shariah698.0% MSCI Islamic51.1% MSCI Islamic M-Series698.0% FTSE Shariah49.6% |
| CALDERYS FINANCING LLC | UNSCREENED | 1.10% | no in-house ratios for this holding |
| A&K TRAVEL GROUP HOLD | UNSCREENED | 1.10% | no in-house ratios for this holding |
| AMERIGAS PART/FIN CORP | UNSCREENED | 1.09% | no in-house ratios for this holding |
| EFXT ENERFLEX INC | COMPLIANT | 1.07% | AAOIFI15.5% Usmani21.6% Dow Jones Islamic35.3% S&P Shariah44.5% MSCI Islamic21.6% MSCI Islamic M-Series44.5% FTSE Shariah21.6% |
| CANPACK GROUP INC/SA | UNSCREENED | 1.07% | no in-house ratios for this holding |
| VOYAGER PARENT LLC | UNSCREENED | 1.07% | no in-house ratios for this holding |
| PRG PROG HOLDINGS INC | NON_COMPLIANT | 1.06% | AAOIFI58.5% Usmani43.3% Dow Jones Islamic63.0% S&P Shariah63.0% MSCI Islamic43.3% MSCI Islamic M-Series63.0% FTSE Shariah43.3% |
| WESCO DISTRIBUTION INC | UNSCREENED | 1.06% | no in-house ratios for this holding |
| ACRISURE LLC / FIN INC | UNSCREENED | 1.03% | no in-house ratios for this holding |
| DLX DELUXE CORP | NON_COMPLIANT | 1.02% | AAOIFI125.5% Usmani57.5% Dow Jones Islamic155.1% S&P Shariah163.4% MSCI Islamic54.6% MSCI Islamic M-Series163.4% FTSE Shariah52.8% |
| CLEAR CHANNEL OUTDOOR HO | UNSCREENED | 1.02% | no in-house ratios for this holding |
| HERENS HOLDCO SARL | UNSCREENED | 0.99% | no in-house ratios for this holding |
| AMN HEALTHCARE INC | UNSCREENED | 0.97% | no in-house ratios for this holding |
| CP ATLAS BUYER INC | UNSCREENED | 0.95% | no in-house ratios for this holding |
| CONSOLIDATED ENERGY FIN | UNSCREENED | 0.91% | no in-house ratios for this holding |
| CONSOLIDATED ENERGY FIN | UNSCREENED | 0.91% | no in-house ratios for this holding |
| MIWD HLDCO II/MIWD FIN | UNSCREENED | 0.90% | no in-house ratios for this holding |
| SMYRNA READY MIX CONCRET | UNSCREENED | 0.90% | no in-house ratios for this holding |
| ARDAGH METAL PACKAGING | UNSCREENED | 0.88% | no in-house ratios for this holding |
| ION PLAT FIN US/SARL | UNSCREENED | 0.83% | no in-house ratios for this holding |
| DCLI BIDCO LLC | UNSCREENED | 0.81% | no in-house ratios for this holding |
| UONE URBAN ONE INC | NON_COMPLIANT | 0.76% | AAOIFI2322.9% Usmani83.4% Dow Jones Islamic823.1% S&P Shariah527.7% MSCI Islamic83.4% MSCI Islamic M-Series527.7% FTSE Shariah76.0% |
| TKC HOLDINGS INC | UNSCREENED | 0.74% | no in-house ratios for this holding |
| NGL ENRGY OP/FIN CORP | UNSCREENED | 0.73% | no in-house ratios for this holding |
| BORR IHC LTD / BORR FIN | UNSCREENED | 0.71% | no in-house ratios for this holding |
| UNIVISION COMMUNICATIONS | UNSCREENED | 0.71% | no in-house ratios for this holding |
| ION PLAT FIN US/SARL | UNSCREENED | 0.69% | no in-house ratios for this holding |
| FERRELLGAS LP/FERRELLGAS | UNSCREENED | 0.69% | no in-house ratios for this holding |
| TKC HOLDINGS INC | UNSCREENED | 0.68% | no in-house ratios for this holding |
| BURFORD CAPITAL GLBL FIN | UNSCREENED | 0.65% | no in-house ratios for this holding |
| GLOBAL PART/GLP FINANCE | UNSCREENED | 0.65% | no in-house ratios for this holding |
| NGL ENRGY OP/FIN CORP | UNSCREENED | 0.57% | no in-house ratios for this holding |
| CPI CG INC | UNSCREENED | 0.53% | no in-house ratios for this holding |
| BEASLEY MEZ HLDGS LLC | UNSCREENED | 0.53% | no in-house ratios for this holding |
| OT MERGER CORP | UNSCREENED | 0.53% | no in-house ratios for this holding |
| OSCAR ACQUISITIONCO LLC | UNSCREENED | 0.47% | no in-house ratios for this holding |
| MERC MERCER INTL INC | NON_COMPLIANT | 0.45% | AAOIFI5491.3% Usmani75.9% Dow Jones Islamic620.7% S&P Shariah422.7% MSCI Islamic75.2% MSCI Islamic M-Series422.7% FTSE Shariah74.9% |
| CALDERYS FINANCING II | UNSCREENED | 0.44% | no in-house ratios for this holding |
| MITER BRAND / MIWD BORR | UNSCREENED | 0.40% | no in-house ratios for this holding |
| BURFORD CAPITAL GLBL FIN | UNSCREENED | 0.37% | no in-house ratios for this holding |
| WS ESCROW LLC | UNSCREENED | 0.36% | no in-house ratios for this holding |
| MERC MERCER INTL INC | NON_COMPLIANT | 0.35% | AAOIFI5491.3% Usmani75.9% Dow Jones Islamic620.7% S&P Shariah422.7% MSCI Islamic75.2% MSCI Islamic M-Series422.7% FTSE Shariah74.9% |
| UNIVISION COMMUNICATIONS | UNSCREENED | 0.29% | no in-house ratios for this holding |
| GLOBAL PART/GLP FINANCE | UNSCREENED | 0.29% | no in-house ratios for this holding |
| MAGN MAGNERA CORP | NON_COMPLIANT | 0.26% | AAOIFI436.8% Usmani51.1% Dow Jones Islamic512.6% S&P Shariah698.0% MSCI Islamic51.1% MSCI Islamic M-Series698.0% FTSE Shariah49.6% |
| ION PLAT FIN US/SARL | UNSCREENED | 0.25% | no in-house ratios for this holding |
| GLOBAL PART/GLP FINANCE | UNSCREENED | 0.22% | no in-house ratios for this holding |
| UNIVISION COMMUNICATIONS | UNSCREENED | 0.22% | no in-house ratios for this holding |
| SMYRNA READY MIX CONCRET | UNSCREENED | 0.20% | no in-house ratios for this holding |
| KEHE DIST/FIN / NEXTWAVE | UNSCREENED | 0.19% | no in-house ratios for this holding |
| VISTAJET MALTA/VM HOLDS | UNSCREENED | 0.17% | no in-house ratios for this holding |
| UNIVISION COMMUNICATIONS | UNSCREENED | 0.16% | no in-house ratios for this holding |
| BURFORD CAPITAL GLBL FIN | UNSCREENED | 0.14% | no in-house ratios for this holding |
| UNIVISION COMMUNICATIONS | UNSCREENED | 0.14% | no in-house ratios for this holding |
| CLEAR CHANNEL OUTDOOR HO | UNSCREENED | 0.13% | no in-house ratios for this holding |
| BURFORD CAPITAL GLBL FIN | UNSCREENED | 0.12% | no in-house ratios for this holding |
| ION PLAT FIN US/SARL | UNSCREENED | 0.09% | no in-house ratios for this holding |
| BEASLEY MEZ HLDGS LLC | UNSCREENED | 0.07% | no in-house ratios for this holding |
| UNIFRAX ESCROW ISS CORP | UNSCREENED | 0.04% | no in-house ratios for this holding |
| Northwest Hardwoods | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 1 points of portfolio weight — 1.1% of it passes AAOIFI, 0.0% passes Dow Jones 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 1.1% ratios fail on 9.9% 88.0% not rated under AAOIFI
ratios pass on 1.1% ratios fail on 9.9% 88.0% not rated under Usmani
ratios pass on 0.0% ratios fail on 11.0% 88.0% not rated under Dow Jones Islamic
ratios pass on 0.0% ratios fail on 11.0% 88.0% not rated under S&P Shariah
ratios pass on 1.1% ratios fail on 9.9% 88.0% not rated under MSCI Islamic
ratios pass on 0.0% ratios fail on 11.0% 88.0% not rated under MSCI Islamic M-Series
ratios pass on 1.1% ratios fail on 8.8% 89.1% not rated under FTSE Shariah
10 of 108 listed holdings carry our own per-methodology verdicts (11% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none.
| Non-compliant holding | Weight |
|---|---|
| ALTG ALTA EQUIPMENT GROUP | 1.26% |
| MATV MATIV HOLDINGS INC | 1.25% |
| SXC SUNCOKE ENERGY INC | 1.24% |
| VTOL BRISTOW GROUP INC | 1.14% |
| MAGN MAGNERA CORP | 1.10% |
| PRG PROG HOLDINGS INC | 1.06% |
| DLX DELUXE CORP | 1.02% |
| UONE URBAN ONE INC | 0.76% |
| MERC MERCER INTL INC | 0.45% |
| MERC MERCER INTL INC | 0.35% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
PIA High Yield MACS Fund (PIAMX) 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.
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 |
|---|---|---|
| Fidelity Government Portfolionot matched to a ticker | 4.72% | Not screened |
| VERITIV OPERATING COnot matched to a ticker | 1.61% | Not screened |
| INNOPHOS HOLDINGS INCnot matched to a ticker | 1.53% | Not screened |
| ITT HOLDINGS LLCnot matched to a ticker | 1.46% | Not screened |
| VISTAJET MALTA/VM HOLDSnot matched to a ticker | 1.46% | Not screened |
| TMS INTERNATIONAL CORPnot matched to a ticker | 1.39% | Not screened |
| PODS LLCnot matched to a ticker | 1.38% | Not screened |
| WATCO COS LLC/FINANCE COnot matched to a ticker | 1.36% | Not screened |
| CHC GROUP LLCnot matched to a ticker | 1.35% | Not screened |
| EFESTO BIDCO SPA/US LLCnot matched to a ticker | 1.34% | Not screened |
Top 10 of 108 holdings, 17.6% of the fund by weight. Every holding is screened, not only these.
The positions keeping this fund short of 100% compliant by weight.
Verdict history for PIAMX. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
ℹ️ no compliance scan has run for 3 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.
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.
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.
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 26.00 | BUY |
| Stochastic %K (14) | 6.56 | BUY |
| CCI (20) | -75.81 | NEUTRAL |
| Williams %R (14) | -93.44 | BUY |
| MACD (12,26,9) | -0.00 | SELL |
| ROC (10) | -0.68 | SELL |
| Momentum (10) | -0.05 | SELL |
| EMA (10) | 7.77 | SELL |
| SMA (10) | 7.76 | SELL |
| EMA (20) | 7.80 | SELL |
| SMA (20) | 7.81 | SELL |
| EMA (30) | 7.82 | SELL |
| SMA (30) | 7.84 | SELL |
| EMA (50) | 7.84 | SELL |
| SMA (50) | 7.87 | SELL |
| EMA (100) | 7.83 | SELL |
| SMA (100) | 7.86 | SELL |
| EMA (200) | 7.77 | SELL |
| SMA (200) | 7.78 | SELL |
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
The questions worth asking about any verdict on this page, answered plainly.
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.
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.
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.
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.
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.
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.