Verdicts genuinely change. Free email alert the moment RLSDX'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.
Lazard US Short Duration Fixed Income Portfolio · LAZARD FUNDS INC
25 holdings
NON-COMPLIANT 81.98% of portfolio weight is in non-compliant holdings, over the 5% threshold.
61.52% 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.
25 holdings, 17 matched (86% of weight). Portfolio as of 2026-03-31, filed 2026-05-28. Source: SEC Form N-PORT.
5.50% of this portfolio’s income is non-permissible — weighted across holdings, computed over 13% of portfolio weight (7 of 25 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.
1.8% compliant 0.8% questionable 82.0% non-compliant 13.4% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| United States Treasury | NON_COMPLIANT | 34.75% | no in-house ratios for this holding |
| United States Treasury | NON_COMPLIANT | 11.83% | no in-house ratios for this holding |
| United States Treasury | NON_COMPLIANT | 4.65% | no in-house ratios for this holding |
| United States Treasury | NON_COMPLIANT | 4.25% | no in-house ratios for this holding |
| United States Treasury | NON_COMPLIANT | 3.26% | no in-house ratios for this holding |
| BAC BANK OF AMERICA CORP | NON_COMPLIANT | 3.06% | AAOIFI77.5% Usmani9.7% Dow Jones Islamic95.9% S&P Shariah105.7% MSCI Islamic9.7% MSCI Islamic M-Series105.7% FTSE Shariah9.7% |
| C CITIGROUP INC | NON_COMPLIANT | 3.02% | AAOIFI159.2% Usmani13.8% Dow Jones Islamic214.6% S&P Shariah251.0% MSCI Islamic13.8% MSCI Islamic M-Series251.0% FTSE Shariah13.8% |
| JPM JPMORGAN CHASE & CO | NON_COMPLIANT | 2.83% | AAOIFI7.7% Usmani1.4% Dow Jones Islamic9.5% S&P Shariah10.7% MSCI Islamic1.4% MSCI Islamic M-Series10.7% FTSE Shariah1.4% |
| United States Treasury | NON_COMPLIANT | 2.78% | no in-house ratios for this holding |
| AMERICAN HONDA FINANCE | UNSCREENED | 2.37% | no in-house ratios for this holding |
| TMUS T-MOBILE USA INC | NON_COMPLIANT | 2.15% | AAOIFI18.0% Usmani17.5% Dow Jones Islamic14.6% S&P Shariah15.9% MSCI Islamic16.5% MSCI Islamic M-Series15.9% FTSE Shariah2.9% |
| Manhattan West | UNSCREENED | 2.14% | no in-house ratios for this holding |
| GENERAL MOTORS FINL CO | UNSCREENED | 2.08% | no in-house ratios for this holding |
| HCA INC | UNSCREENED | 2.00% | no in-house ratios for this holding |
| WFC WELLS FARGO & COMPANY | NON_COMPLIANT | 1.99% | AAOIFI80.2% Usmani9.1% Dow Jones Islamic84.8% S&P Shariah93.9% MSCI Islamic9.1% MSCI Islamic M-Series93.9% FTSE Shariah9.1% |
| FORD MOTOR CREDIT CO LLC | UNSCREENED | 1.97% | no in-house ratios for this holding |
| ET ENERGY TRANSFER LP | NON_COMPLIANT | 1.94% | AAOIFI94.8% Usmani47.4% Dow Jones Islamic120.8% S&P Shariah134.5% MSCI Islamic47.4% MSCI Islamic M-Series134.5% FTSE Shariah46.2% |
| BA BOEING CO | NON_COMPLIANT | 1.93% | AAOIFI30.1% Usmani30.2% Dow Jones Islamic33.6% S&P Shariah36.0% MSCI Islamic30.2% MSCI Islamic M-Series36.0% FTSE Shariah30.2% |
| MS MORGAN STANLEY | NON_COMPLIANT | 1.85% | AAOIFI115.6% Usmani23.4% Dow Jones Islamic161.6% S&P Shariah189.1% MSCI Islamic23.4% MSCI Islamic M-Series189.1% FTSE Shariah23.4% |
| INTC INTEL CORP | COMPLIANT | 1.76% | AAOIFI9.2% Usmani25.0% Dow Jones Islamic23.9% S&P Shariah26.3% MSCI Islamic25.0% MSCI Islamic M-Series26.3% FTSE Shariah25.0% |
| GS GOLDMAN SACHS GROUP INC | NON_COMPLIANT | 1.69% | AAOIFI147.5% Usmani20.6% Dow Jones Islamic194.6% S&P Shariah229.2% MSCI Islamic20.6% MSCI Islamic M-Series229.2% FTSE Shariah20.6% |
| TRP LLC | UNSCREENED | 1.37% | no in-house ratios for this holding |
| Business Jet Securities, LLC | UNSCREENED | 1.22% | no in-house ratios for this holding |
| GOOG ALPHABET INC | QUESTIONABLE | 0.81% | AAOIFI2.9% Usmani13.1% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic12.8% MSCI Islamic M-Series4.5% FTSE Shariah10.9% |
| LAZARD GOVT MNY MMKT INS | UNSCREENED | 0.24% | no in-house ratios for this holding |
The published standards disagree about this fund by 2 points of portfolio weight — 6.6% of it passes Usmani, 4.7% passes AAOIFI. 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 4.7% ratios fail on 18.3% 74.9% not rated under AAOIFI
ratios pass on 6.6% ratios fail on 6.5% 84.8% not rated under Usmani
ratios pass on 4.7% ratios fail on 18.3% 74.9% not rated under Dow Jones Islamic
ratios pass on 4.7% ratios fail on 18.3% 74.9% not rated under S&P Shariah
ratios pass on 5.8% ratios fail on 6.5% 85.7% not rated under MSCI Islamic
ratios pass on 4.7% ratios fail on 18.3% 74.9% not rated under MSCI Islamic M-Series
ratios pass on 6.6% ratios fail on 6.5% 84.8% not rated under FTSE Shariah
11 of 25 listed holdings carry our own per-methodology verdicts (23% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none.
| Non-compliant holding | Weight |
|---|---|
| United States Treasury | 34.75% |
| United States Treasury | 11.83% |
| United States Treasury | 4.65% |
| United States Treasury | 4.25% |
| United States Treasury | 3.26% |
| BAC BANK OF AMERICA CORP | 3.06% |
| C CITIGROUP INC | 3.02% |
| JPM JPMORGAN CHASE & CO | 2.83% |
| United States Treasury | 2.78% |
| TMUS T-MOBILE USA INC | 2.15% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Lazard US Short Duration Fixed Income Portfolio (RLSDX) 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 |
|---|---|---|
| United States Treasurynot matched to a ticker | 34.75% | Non-compliant |
| United States Treasurynot matched to a ticker | 11.83% | Non-compliant |
| United States Treasurynot matched to a ticker | 4.65% | Non-compliant |
| United States Treasurynot matched to a ticker | 4.25% | Non-compliant |
| United States Treasurynot matched to a ticker | 3.26% | Non-compliant |
| BACBANK OF AMERICA CORP | 3.06% | Non-compliant |
| CCITIGROUP INC | 3.02% | Non-compliant |
| JPMJPMORGAN CHASE & CO | 2.83% | Non-compliant |
| United States Treasurynot matched to a ticker | 2.78% | Non-compliant |
| AMERICAN HONDA FINANCEnot matched to a ticker | 2.37% | Not screened |
Top 10 of 25 holdings, 72.8% 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 RLSDX. 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 2 days - this is not a reading of today
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.