Verdicts genuinely change. Free email alert the moment SVALX'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.
Federated Hermes Strategic Value Dividend Fund · Federated Hermes Equity Funds
47 holdings
NON-COMPLIANT 57.97% of portfolio weight is in non-compliant holdings, over the 5% threshold.
47 holdings, 42 matched (91% of weight). Portfolio as of 2026-07-31, filed 2026-09-23. Source: SEC Form N-PORT.
1.50% of this portfolio’s income is non-permissible — weighted across holdings, computed over 76% of portfolio weight (35 of 47 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.
32.9% compliant 0.0% questionable 58.0% non-compliant 8.8% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| PAYX PAYCHEX INC | COMPLIANT | 4.22% | AAOIFI13.2% Usmani29.6% Dow Jones Islamic10.7% S&P Shariah11.0% MSCI Islamic29.6% MSCI Islamic M-Series11.0% FTSE Shariah29.1% |
| US BANCORP | UNSCREENED | 4.12% | no in-house ratios for this holding |
| VZ VERIZON COMMUNICATIONS INC | NON_COMPLIANT | 3.63% | AAOIFI98.4% Usmani45.9% Dow Jones Islamic109.0% S&P Shariah116.8% MSCI Islamic45.9% MSCI Islamic M-Series116.8% FTSE Shariah40.3% |
| ENB.TO ENBRIDGE INC | NON_COMPLIANT | 3.42% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BATS.L BRITISH AMERICAN TOBACCO PLC | NON_COMPLIANT | 3.24% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TTE.PA TOTALENERGIES SE | NON_COMPLIANT | 3.21% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| PLD PROLOGIS INC | COMPLIANT | 3.07% | AAOIFI25.8% Usmani35.3% Dow Jones Islamic31.2% S&P Shariah32.1% MSCI Islamic35.3% MSCI Islamic M-Series32.1% FTSE Shariah35.3% |
| SNY SANOFI SA | COMPLIANT | 3.01% | AAOIFI20.8% Usmani14.7% Dow Jones Islamic38.1% S&P Shariah38.6% MSCI Islamic14.7% MSCI Islamic M-Series38.6% FTSE Shariah14.7% |
| KIM KIMCO REALTY CORP | NON_COMPLIANT | 2.97% | AAOIFI51.8% Usmani38.5% Dow Jones Islamic53.4% S&P Shariah57.2% MSCI Islamic38.5% MSCI Islamic M-Series57.2% FTSE Shariah38.5% |
| MDT MEDTRONIC PLC | COMPLIANT | 2.94% | AAOIFI24.4% Usmani31.5% Dow Jones Islamic26.4% S&P Shariah27.4% MSCI Islamic31.4% MSCI Islamic M-Series27.4% FTSE Shariah30.2% |
| PNC PNC FINANCIAL SERVICES GROUP INC (THE) | NON_COMPLIANT | 2.94% | AAOIFI87.5% Usmani13.9% Dow Jones Islamic110.0% S&P Shariah122.6% MSCI Islamic13.9% MSCI Islamic M-Series122.6% FTSE Shariah13.9% |
| ABBV ABBVIE INC | COMPLIANT | 2.85% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| PEP PEPSICO INC | COMPLIANT | 2.82% | AAOIFI23.4% Usmani39.4% Dow Jones Islamic22.7% S&P Shariah22.0% MSCI Islamic39.4% MSCI Islamic M-Series22.0% FTSE Shariah39.4% |
| FE FIRSTENERGY CORP | NON_COMPLIANT | 2.55% | AAOIFI101.8% Usmani48.1% Dow Jones Islamic111.3% S&P Shariah119.2% MSCI Islamic48.0% MSCI Islamic M-Series119.2% FTSE Shariah47.5% |
| AMCR AMCOR PLC | NON_COMPLIANT | 2.53% | AAOIFI71.8% Usmani41.9% Dow Jones Islamic93.4% S&P Shariah101.7% MSCI Islamic41.8% MSCI Islamic M-Series101.7% FTSE Shariah38.9% |
| PFE PFIZER INC | NON_COMPLIANT | 2.51% | AAOIFI39.8% Usmani31.4% Dow Jones Islamic46.1% S&P Shariah45.9% MSCI Islamic31.4% MSCI Islamic M-Series45.9% FTSE Shariah31.4% |
| EVRG EVERGY INC | NON_COMPLIANT | 2.41% | AAOIFI72.2% Usmani39.7% Dow Jones Islamic84.2% S&P Shariah94.4% MSCI Islamic39.4% MSCI Islamic M-Series94.4% FTSE Shariah39.2% |
| RF REGIONS FINANCIAL CORP | NON_COMPLIANT | 2.40% | AAOIFI29.4% Usmani4.7% Dow Jones Islamic35.1% S&P Shariah38.7% MSCI Islamic4.7% MSCI Islamic M-Series38.7% FTSE Shariah4.7% |
| ALV.DE ALLIANZ SE | NON_COMPLIANT | 2.37% | AAOIFI20.8% Usmani3.7% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic3.4% MSCI Islamic M-Seriesfail FTSE Shariah3.4% |
| TRP TC ENERGY CORP | NON_COMPLIANT | 2.34% | AAOIFI2.3% Usmani1.7% Dow Jones Islamic2.6% S&P Shariah3.0% MSCI Islamic1.7% MSCI Islamic M-Series3.0% FTSE Shariah1.3% |
| WEC WEC ENERGY GROUP INC | NON_COMPLIANT | 2.25% | AAOIFI57.5% Usmani39.9% Dow Jones Islamic61.9% S&P Shariah68.5% MSCI Islamic39.1% MSCI Islamic M-Series68.5% FTSE Shariah39.1% |
| NG.L NATIONAL GRID PLC | NON_COMPLIANT | 2.20% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| PM PHILIP MORRIS INTERNATIONAL INC | NON_COMPLIANT | 2.17% | AAOIFI16.1% Usmani66.9% Dow Jones Islamic18.9% S&P Shariah22.1% MSCI Islamic66.9% MSCI Islamic M-Series22.1% FTSE Shariah66.9% |
| AMT AMERICAN TOWER CORP | NON_COMPLIANT | 2.15% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| CVX CHEVRON CORP | COMPLIANT | 2.13% | AAOIFI0.1% Usmani0.1% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.1% MSCI Islamic M-Series0.1% FTSE Shariah0.1% |
| CME CME GROUP INC | NON_COMPLIANT | 2.12% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| MUENCHENER RUECKVERSICHERUNGS-GESELLSCHAFT AG | UNSCREENED | 2.03% | no in-house ratios for this holding |
| DUK DUKE ENERGY CORP | NON_COMPLIANT | 1.94% | AAOIFI95.1% Usmani45.3% Dow Jones Islamic98.9% S&P Shariah107.5% MSCI Islamic45.0% MSCI Islamic M-Series107.5% FTSE Shariah44.4% |
| ADP AUTOMATIC DATA PROCESSING INC | COMPLIANT | 1.93% | AAOIFI5.0% Usmani8.5% Dow Jones Islamic5.0% S&P Shariah5.2% MSCI Islamic8.5% MSCI Islamic M-Series5.2% FTSE Shariah7.9% |
| KMB KIMBERLY CLARK CORP | COMPLIANT | 1.87% | AAOIFI18.7% Usmani35.1% Dow Jones Islamic17.1% S&P Shariah17.0% MSCI Islamic35.1% MSCI Islamic M-Series17.0% FTSE Shariah35.1% |
| MRK MERCK & COMPANY INC | COMPLIANT | 1.86% | AAOIFI14.7% Usmani41.5% Dow Jones Islamic21.8% S&P Shariah20.9% MSCI Islamic41.5% MSCI Islamic M-Series20.9% FTSE Shariah41.5% |
| PPL PPL CORP | NON_COMPLIANT | 1.71% | AAOIFI77.2% Usmani43.2% Dow Jones Islamic78.6% S&P Shariah86.6% MSCI Islamic43.2% MSCI Islamic M-Series86.6% FTSE Shariah43.2% |
| MDLZ MONDELEZ INTERNATIONAL INC | COMPLIANT | 1.40% | AAOIFI24.4% Usmani27.5% Dow Jones Islamic24.3% S&P Shariah23.4% MSCI Islamic26.9% MSCI Islamic M-Series23.4% FTSE Shariah25.8% |
| HSY HERSHEY COMPANY (THE) | COMPLIANT | 1.38% | AAOIFI15.8% Usmani39.9% Dow Jones Islamic13.9% S&P Shariah13.9% MSCI Islamic39.4% MSCI Islamic M-Series13.9% FTSE Shariah37.1% |
| DOX AMDOCS LTD | COMPLIANT | 1.35% | AAOIFI12.6% Usmani12.4% Dow Jones Islamic9.2% S&P Shariah8.9% MSCI Islamic12.4% MSCI Islamic M-Series8.9% FTSE Shariah10.1% |
| NNN REIT INC | UNSCREENED | 1.28% | no in-house ratios for this holding |
| AMGN AMGEN INC | COMPLIANT | 1.26% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| DRI DARDEN RESTAURANTS INC | NON_COMPLIANT | 1.18% | AAOIFI25.3% Usmani62.3% Dow Jones Islamic28.6% S&P Shariah30.9% MSCI Islamic48.7% MSCI Islamic M-Series30.9% FTSE Shariah18.1% |
| TFC TRUIST FINANCIAL CORP | NON_COMPLIANT | 1.17% | AAOIFI110.7% Usmani12.6% Dow Jones Islamic124.2% S&P Shariah135.1% MSCI Islamic12.6% MSCI Islamic M-Series135.1% FTSE Shariah12.6% |
| MO ALTRIA GROUP INC | NON_COMPLIANT | 1.15% | AAOIFI21.4% Usmani73.6% Dow Jones Islamic25.3% S&P Shariah28.5% MSCI Islamic73.6% MSCI Islamic M-Series28.5% FTSE Shariah73.6% |
| BBY BEST BUY CO INC | NON_COMPLIANT | 1.13% | AAOIFI21.7% Usmani25.7% Dow Jones Islamic26.9% S&P Shariah27.3% MSCI Islamic25.7% MSCI Islamic M-Series27.3% FTSE Shariah7.3% |
| XEL XCEL ENERGY INC | NON_COMPLIANT | 0.94% | AAOIFI82.6% Usmani47.8% Dow Jones Islamic94.9% S&P Shariah105.9% MSCI Islamic46.3% MSCI Islamic M-Series105.9% FTSE Shariah45.3% |
| ACN ACCENTURE PLC | COMPLIANT | 0.82% | AAOIFI7.7% Usmani12.2% Dow Jones Islamic5.0% S&P Shariah4.7% MSCI Islamic12.2% MSCI Islamic M-Series4.7% FTSE Shariah7.5% |
| BRIXMOR PROPERTY GROUP INC | UNSCREENED | 0.82% | no in-house ratios for this holding |
| SO SOUTHERN COMPANY (THE) | NON_COMPLIANT | 0.81% | AAOIFI68.7% Usmani45.3% Dow Jones Islamic72.3% S&P Shariah78.7% MSCI Islamic44.8% MSCI Islamic M-Series78.7% FTSE Shariah43.8% |
| FEDERATED HERMES MONEY MARKET OBLIGATIONS TRUST | UNSCREENED | 0.54% | no in-house ratios for this holding |
| MKC MCCORMICK & CO. INC | NON_COMPLIANT | 0.54% | AAOIFI25.8% Usmani21.9% Dow Jones Islamic20.4% S&P Shariah20.4% MSCI Islamic21.9% MSCI Islamic M-Series20.4% FTSE Shariah21.9% |
The published standards disagree about this fund by 13 points of portfolio weight — 38.8% of it passes AAOIFI, 25.4% 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 38.8% ratios fail on 45.2% 15.7% not rated under AAOIFI
ratios pass on 26.2% ratios fail on 54.9% 18.6% not rated under Usmani
ratios pass on 35.8% ratios fail on 48.2% 15.7% not rated under Dow Jones Islamic
ratios pass on 35.8% ratios fail on 48.2% 15.7% not rated under S&P Shariah
ratios pass on 25.4% ratios fail on 55.7% 18.6% not rated under MSCI Islamic
ratios pass on 35.8% ratios fail on 48.2% 15.7% not rated under MSCI Islamic M-Series
ratios pass on 27.4% ratios fail on 53.7% 18.6% not rated under FTSE Shariah
42 of 47 listed holdings carry our own per-methodology verdicts (91% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 34 (70% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| VZ VERIZON COMMUNICATIONS INC | 3.63% |
| ENB.TO ENBRIDGE INC | 3.42% |
| BATS.L BRITISH AMERICAN TOBACCO PLC | 3.24% |
| TTE.PA TOTALENERGIES SE | 3.21% |
| KIM KIMCO REALTY CORP | 2.97% |
| PNC PNC FINANCIAL SERVICES GROUP INC (THE) | 2.94% |
| FE FIRSTENERGY CORP | 2.55% |
| AMCR AMCOR PLC | 2.53% |
| PFE PFIZER INC | 2.51% |
| EVRG EVERGY INC | 2.41% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Federated Hermes Strategic Value Dividend Fund (SVALX) 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 |
|---|---|---|
| PAYXPAYCHEX INC | 4.22% | Compliant |
| US BANCORPnot matched to a ticker | 4.12% | Not screened |
| VZVERIZON COMMUNICATIONS INC | 3.63% | Non-compliant |
| ENB.TOENBRIDGE INC | 3.42% | Non-compliant |
| BATS.LBRITISH AMERICAN TOBACCO PLC | 3.24% | Non-compliant |
| TTE.PATOTALENERGIES SE | 3.21% | Non-compliant |
| PLDPROLOGIS INC | 3.07% | Compliant |
| SNYSANOFI SA | 3.01% | Compliant |
| KIMKIMCO REALTY CORP | 2.97% | Non-compliant |
| MDTMEDTRONIC PLC | 2.94% | Compliant |
Top 10 of 47 holdings, 33.8% 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 SVALX. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
Tracked since 2026-09-07.
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) | 43.00 | NEUTRAL |
| Stochastic %K (14) | 59.09 | NEUTRAL |
| CCI (20) | -15.19 | NEUTRAL |
| Williams %R (14) | -40.91 | NEUTRAL |
| MACD (12,26,9) | 0.01 | BUY |
| ROC (10) | 0.29 | BUY |
| Momentum (10) | 0.02 | BUY |
| EMA (10) | 6.85 | BUY |
| SMA (10) | 6.82 | BUY |
| EMA (20) | 6.91 | SELL |
| SMA (20) | 6.91 | SELL |
| EMA (30) | 6.97 | SELL |
| SMA (30) | 7.01 | SELL |
| EMA (50) | 7.02 | SELL |
| SMA (50) | 7.11 | SELL |
| EMA (100) | 7.00 | SELL |
| SMA (100) | 7.05 | SELL |
| EMA (200) | 6.81 | BUY |
| SMA (200) | 6.88 | BUY |
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.