Verdicts genuinely change. Free email alert the moment TFAQX'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.
TFA Quantitative Fund · Tactical Investment Series Trust
79 holdings
UNVERIFIED Only 14% of this fund's holdings matched a company we have independently screened — below the 70% floor needed to state a verdict.
79 holdings, 48 matched (14% of weight). Portfolio as of 2026-06-30, filed 2026-08-26. Source: SEC Form N-PORT.
0.83% of this portfolio’s income is non-permissible — weighted across holdings, computed over 11% of portfolio weight (37 of 79 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 |
|---|---|---|---|
| iShares U.S. Technology ETF | UNSCREENED | 9.31% | no in-house ratios for this holding |
| Invesco QQQ Trust Series 1 | UNSCREENED | 8.78% | no in-house ratios for this holding |
| HCM Defender 100 Index ETF | UNSCREENED | 8.25% | no in-house ratios for this holding |
| HCM Defender 500 Index ETF | UNSCREENED | 7.84% | no in-house ratios for this holding |
| Direxion HCM Tactical Enhanced US ETF | UNSCREENED | 7.60% | no in-house ratios for this holding |
| Fidelity Government Portfolio | UNSCREENED | 6.73% | no in-house ratios for this holding |
| Direxion NASDAQ-100 Equal Weighted Index ETF | UNSCREENED | 4.74% | no in-house ratios for this holding |
| FT Vest Laddered Buffer ETF | UNSCREENED | 4.22% | no in-house ratios for this holding |
| ProShares Ultra S&P500 | UNSCREENED | 3.54% | no in-house ratios for this holding |
| Innovator Laddered Allocation Buffer ETF | UNSCREENED | 3.45% | no in-house ratios for this holding |
| Vanguard Total Stock Market ETF | UNSCREENED | 3.32% | no in-house ratios for this holding |
| FT Vest Buffered Allocation Growth ETF | UNSCREENED | 2.72% | no in-house ratios for this holding |
| ProShares Ultra QQQ | UNSCREENED | 2.32% | no in-house ratios for this holding |
| State Street SPDR NYSE Technology ETF | UNSCREENED | 1.78% | no in-house ratios for this holding |
| iShares Expanded Tech Sector ETF | UNSCREENED | 1.60% | no in-house ratios for this holding |
| First Trust Long/Short Equity ETF/US | UNSCREENED | 1.29% | no in-house ratios for this holding |
| iShares U.S. Broker-Dealers & Securities Exchanges ETF | UNSCREENED | 1.18% | no in-house ratios for this holding |
| State Street SPDR S&P Aerospace & Defense ETF | UNSCREENED | 1.03% | no in-house ratios for this holding |
| Innovator Growth 100 Power Buffer ETF - January | UNSCREENED | 0.72% | no in-house ratios for this holding |
| Innovator Growth 100 Power Buffer ETF - July | UNSCREENED | 0.72% | no in-house ratios for this holding |
| Innovator Growth-100 Power Buffer ETF- October | UNSCREENED | 0.70% | no in-house ratios for this holding |
| Innovator Growth 100 Power Buffer ETF - April | UNSCREENED | 0.69% | no in-house ratios for this holding |
| Federated Hermes Treasury Obligations Fund | UNSCREENED | 0.64% | no in-house ratios for this holding |
| MU Micron Technology Inc | COMPLIANT | 0.64% | AAOIFI0.6% Usmani6.7% Dow Jones Islamic1.8% S&P Shariah2.4% MSCI Islamic4.8% MSCI Islamic M-Series2.4% FTSE Shariah4.3% |
| WDC Western Digital Corp | COMPLIANT | 0.63% | AAOIFI0.7% Usmani8.6% Dow Jones Islamic1.8% S&P Shariah2.3% MSCI Islamic8.6% MSCI Islamic M-Series2.3% FTSE Shariah7.6% |
| iShares MSCI USA Momentum Factor ETF | UNSCREENED | 0.62% | no in-house ratios for this holding |
| MNST Monster Beverage Corp | COMPLIANT | 0.62% | AAOIFI0.2% Usmani1.7% Dow Jones Islamic0.3% S&P Shariah0.3% MSCI Islamic1.7% MSCI Islamic M-Series0.3% FTSE Shariah1.7% |
| AEP American Electric Power Co Inc | NON_COMPLIANT | 0.62% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| GOOG Alphabet Inc | QUESTIONABLE | 0.56% | AAOIFI2.9% Usmani13.1% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic12.8% MSCI Islamic M-Series4.5% FTSE Shariah10.9% |
| FANG Diamondback Energy Inc | COMPLIANT | 0.50% | AAOIFI22.6% Usmani18.0% Dow Jones Islamic28.3% S&P Shariah31.9% MSCI Islamic18.0% MSCI Islamic M-Series31.9% FTSE Shariah18.0% |
| AMAT Applied Materials Inc | COMPLIANT | 0.48% | AAOIFI1.9% Usmani16.6% Dow Jones Islamic3.4% S&P Shariah3.7% MSCI Islamic16.6% MSCI Islamic M-Series3.7% FTSE Shariah14.8% |
| FTNT Fortinet Inc | COMPLIANT | 0.46% | AAOIFI0.4% Usmani4.6% Dow Jones Islamic0.7% S&P Shariah0.8% MSCI Islamic4.6% MSCI Islamic M-Series0.8% FTSE Shariah4.6% |
| CSX CSX Corp | COMPLIANT | 0.45% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| CSCO Cisco Systems Inc | COMPLIANT | 0.38% | AAOIFI5.7% Usmani18.9% Dow Jones Islamic8.4% S&P Shariah9.5% MSCI Islamic18.9% MSCI Islamic M-Series9.5% FTSE Shariah17.6% |
| INTC Intel Corp | COMPLIANT | 0.38% | AAOIFI9.2% Usmani25.0% Dow Jones Islamic23.9% S&P Shariah26.3% MSCI Islamic25.0% MSCI Islamic M-Series26.3% FTSE Shariah25.0% |
| STX Seagate Technology Holdings PLC | COMPLIANT | 0.36% | AAOIFI2.0% Usmani39.5% Dow Jones Islamic5.8% S&P Shariah7.7% MSCI Islamic39.5% MSCI Islamic M-Series7.7% FTSE Shariah36.1% |
| Innovator US Equity Accelerated 9 Buffer ETF - April | UNSCREENED | 0.36% | no in-house ratios for this holding |
| AAPL Apple Inc | COMPLIANT | 0.36% | AAOIFI2.1% Usmani21.5% Dow Jones Islamic2.2% S&P Shariah2.4% MSCI Islamic21.5% MSCI Islamic M-Series2.4% FTSE Shariah21.5% |
| Innovator U.S. Equity Accelerated 9 Buffer ETF - July | UNSCREENED | 0.34% | no in-house ratios for this holding |
| Innovator US Equity Accelerated 9 Buffer ETF - January | UNSCREENED | 0.34% | no in-house ratios for this holding |
| ASML ASML Holding NV | COMPLIANT | 0.33% | AAOIFI0.8% Usmani8.7% Dow Jones Islamic1.3% S&P Shariah1.4% MSCI Islamic8.7% MSCI Islamic M-Series1.4% FTSE Shariah8.7% |
| Innovator US Equity Accelerated 9 Buffer ETF-October | UNSCREENED | 0.33% | no in-house ratios for this holding |
| TXN Texas Instruments Inc | COMPLIANT | 0.31% | AAOIFI5.9% Usmani39.2% Dow Jones Islamic7.6% S&P Shariah8.1% MSCI Islamic39.2% MSCI Islamic M-Series8.1% FTSE Shariah39.2% |
| MRVL Marvell Technology Inc | COMPLIANT | 0.30% | AAOIFI2.7% Usmani19.2% Dow Jones Islamic5.6% S&P Shariah6.5% MSCI Islamic19.2% MSCI Islamic M-Series6.5% FTSE Shariah18.0% |
| BTSG BrightSpring Health Services Inc | COMPLIANT | 0.28% | AAOIFI19.9% Usmani39.9% Dow Jones Islamic37.1% S&P Shariah45.1% MSCI Islamic39.6% MSCI Islamic M-Series45.1% FTSE Shariah36.6% |
| DDOG Datadog Inc | NON_COMPLIANT | 0.28% | AAOIFI1.7% Usmani16.9% Dow Jones Islamic2.4% S&P Shariah2.6% MSCI Islamic16.9% MSCI Islamic M-Series2.6% FTSE Shariah13.1% |
| WELL Welltower Inc | COMPLIANT | 0.27% | AAOIFI10.6% Usmani26.7% Dow Jones Islamic15.6% S&P Shariah19.1% MSCI Islamic26.7% MSCI Islamic M-Series19.1% FTSE Shariah26.7% |
| AFRM Affirm Holdings Inc | NON_COMPLIANT | 0.27% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| WST West Pharmaceutical Services Inc | COMPLIANT | 0.27% | AAOIFI1.3% Usmani7.8% Dow Jones Islamic1.6% S&P Shariah1.4% MSCI Islamic7.7% MSCI Islamic M-Series1.4% FTSE Shariah5.0% |
| LLY Eli Lilly & Co | COMPLIANT | 0.26% | AAOIFI5.2% Usmani38.6% Dow Jones Islamic6.4% S&P Shariah6.9% MSCI Islamic38.6% MSCI Islamic M-Series6.9% FTSE Shariah38.6% |
| UMBF UMB Financial Corp | NON_COMPLIANT | 0.26% | AAOIFI5.5% Usmani0.8% Dow Jones Islamic7.5% S&P Shariah9.1% MSCI Islamic0.8% MSCI Islamic M-Series9.1% FTSE Shariah0.8% |
| AHR American Healthcare REIT Inc | COMPLIANT | 0.26% | AAOIFI14.3% Usmani33.6% Dow Jones Islamic22.1% S&P Shariah25.8% MSCI Islamic31.1% MSCI Islamic M-Series25.8% FTSE Shariah31.1% |
| COLB Columbia Banking System Inc | NON_COMPLIANT | 0.26% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NBIX Neurocrine Biosciences Inc | COMPLIANT | 0.26% | AAOIFI2.9% Usmani8.6% Dow Jones Islamic3.4% S&P Shariah3.5% MSCI Islamic8.6% MSCI Islamic M-Series3.5% FTSE Shariah0.0% |
| ROKU Roku Inc | QUESTIONABLE | 0.25% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| Vanguard Mega Cap Growth ETF | UNSCREENED | 0.25% | no in-house ratios for this holding |
| ARM ARM Holdings PLC | COMPLIANT | 0.25% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| SNEX StoneX Group Inc | NON_COMPLIANT | 0.25% | AAOIFI21.7% Usmani3.4% Dow Jones Islamic34.4% S&P Shariah42.8% MSCI Islamic3.4% MSCI Islamic M-Series42.8% FTSE Shariah3.4% |
| AFL Aflac Inc | NON_COMPLIANT | 0.24% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| LSCC Lattice Semiconductor Corp | COMPLIANT | 0.24% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| IRM Iron Mountain Inc | NON_COMPLIANT | 0.23% | AAOIFI57.3% Usmani93.4% Dow Jones Islamic66.1% S&P Shariah73.7% MSCI Islamic90.9% MSCI Islamic M-Series73.7% FTSE Shariah79.0% |
| STRL Sterling Infrastructure Inc | COMPLIANT | 0.23% | AAOIFI2.2% Usmani10.6% Dow Jones Islamic3.3% S&P Shariah4.3% MSCI Islamic10.5% MSCI Islamic M-Series4.3% FTSE Shariah8.9% |
| EVR Evercore Inc | NON_COMPLIANT | 0.23% | AAOIFI4.8% Usmani11.8% Dow Jones Islamic4.6% S&P Shariah5.3% MSCI Islamic11.8% MSCI Islamic M-Series5.3% FTSE Shariah0.0% |
| QCOM QUALCOMM Inc | COMPLIANT | 0.22% | AAOIFI8.3% Usmani25.7% Dow Jones Islamic8.6% S&P Shariah8.7% MSCI Islamic25.7% MSCI Islamic M-Series8.7% FTSE Shariah25.7% |
| ARW Arrow Electronics Inc | COMPLIANT | 0.22% | AAOIFI17.6% Usmani5.7% Dow Jones Islamic29.5% S&P Shariah30.6% MSCI Islamic5.7% MSCI Islamic M-Series30.6% FTSE Shariah5.7% |
| GEN Gen Digital Inc | NON_COMPLIANT | 0.22% | AAOIFI44.3% Usmani52.6% Dow Jones Islamic51.3% S&P Shariah54.5% MSCI Islamic52.6% MSCI Islamic M-Series54.5% FTSE Shariah52.1% |
| TWLO Twilio Inc | COMPLIANT | 0.22% | AAOIFI3.1% Usmani9.8% Dow Jones Islamic5.4% S&P Shariah6.4% MSCI Islamic9.8% MSCI Islamic M-Series6.4% FTSE Shariah9.2% |
| CPAY Corpay Inc | NON_COMPLIANT | 0.22% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| JBL Jabil Inc | COMPLIANT | 0.21% | AAOIFI11.7% Usmani16.3% Dow Jones Islamic16.6% S&P Shariah18.9% MSCI Islamic16.3% MSCI Islamic M-Series18.9% FTSE Shariah14.2% |
| MOD Modine Manufacturing Co | COMPLIANT | 0.21% | AAOIFI6.1% Usmani22.5% Dow Jones Islamic7.8% S&P Shariah9.3% MSCI Islamic22.4% MSCI Islamic M-Series9.3% FTSE Shariah17.3% |
| NUE Nucor Corp | COMPLIANT | 0.20% | AAOIFI11.2% Usmani17.6% Dow Jones Islamic17.6% S&P Shariah17.3% MSCI Islamic17.6% MSCI Islamic M-Series17.3% FTSE Shariah17.6% |
| Commercial Metals Co | UNSCREENED | 0.19% | no in-house ratios for this holding |
| D Dominion Energy Inc | NON_COMPLIANT | 0.19% | AAOIFI86.6% Usmani42.8% Dow Jones Islamic102.1% S&P Shariah112.1% MSCI Islamic42.3% MSCI Islamic M-Series112.1% FTSE Shariah41.7% |
| CIEN Ciena Corp | COMPLIANT | 0.18% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| FIVE Five Below Inc | COMPLIANT | 0.16% | AAOIFI14.6% Usmani38.6% Dow Jones Islamic24.7% S&P Shariah24.4% MSCI Islamic38.6% MSCI Islamic M-Series24.4% FTSE Shariah0.0% |
| AMD Advanced Micro Devices Inc | COMPLIANT | 0.16% | AAOIFI0.5% Usmani5.1% Dow Jones Islamic1.2% S&P Shariah1.3% MSCI Islamic5.1% MSCI Islamic M-Series1.3% FTSE Shariah3.8% |
| iShares Semiconductor ETF | UNSCREENED | 0.13% | no in-house ratios for this holding |
| SCCO Southern Copper Corp | COMPLIANT | 0.00% | AAOIFI4.9% Usmani35.7% Dow Jones Islamic8.2% S&P Shariah9.3% MSCI Islamic35.7% MSCI Islamic M-Series9.3% FTSE Shariah33.1% |
| TER Teradyne Inc | COMPLIANT | 0.00% | AAOIFI0.2% Usmani2.0% Dow Jones Islamic0.3% S&P Shariah0.4% MSCI Islamic2.0% MSCI Islamic M-Series0.4% FTSE Shariah0.0% |
The published standards disagree about this fund by 5 points of portfolio weight — 8.7% of it passes AAOIFI, 4.1% 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 8.7% ratios fail on 3.0% 88.4% not rated under AAOIFI
ratios pass on 6.8% ratios fail on 4.9% 88.4% not rated under Usmani
ratios pass on 7.5% ratios fail on 3.5% 89.0% not rated under Dow Jones Islamic
ratios pass on 7.5% ratios fail on 3.5% 89.0% not rated under S&P Shariah
ratios pass on 4.1% ratios fail on 7.1% 89.0% not rated under MSCI Islamic
ratios pass on 7.5% ratios fail on 3.5% 89.0% not rated under MSCI Islamic M-Series
ratios pass on 5.7% ratios fail on 5.4% 89.0% not rated under FTSE Shariah
48 of 79 listed holdings carry our own per-methodology verdicts (14% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 38 (11% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
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 |
|---|---|---|
| iShares U.S. Technology ETFnot matched to a ticker | 9.31% | Not screened |
| Invesco QQQ Trust Series 1not matched to a ticker | 8.78% | Not screened |
| HCM Defender 100 Index ETFnot matched to a ticker | 8.25% | Not screened |
| HCM Defender 500 Index ETFnot matched to a ticker | 7.84% | Not screened |
| Direxion HCM Tactical Enhanced US ETFnot matched to a ticker | 7.60% | Not screened |
| Fidelity Government Portfolionot matched to a ticker | 6.73% | Not screened |
| Direxion NASDAQ-100 Equal Weighted Index ETFnot matched to a ticker | 4.74% | Not screened |
| FT Vest Laddered Buffer ETFnot matched to a ticker | 4.22% | Not screened |
| ProShares Ultra S&P500not matched to a ticker | 3.54% | Not screened |
| Innovator Laddered Allocation Buffer ETFnot matched to a ticker | 3.45% | Not screened |
Top 10 of 79 holdings, 64.5% 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 TFAQX. 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 6 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) | 36.40 | NEUTRAL |
| Stochastic %K (14) | 0.00 | BUY |
| CCI (20) | -230.56 | BUY |
| Williams %R (14) | -100.00 | BUY |
| MACD (12,26,9) | -0.04 | SELL |
| ROC (10) | -2.76 | SELL |
| Momentum (10) | -0.34 | SELL |
| EMA (10) | 12.25 | SELL |
| SMA (10) | 12.32 | SELL |
| EMA (20) | 12.26 | SELL |
| SMA (20) | 12.30 | SELL |
| EMA (30) | 12.25 | SELL |
| SMA (30) | 12.24 | SELL |
| EMA (50) | 12.21 | SELL |
| SMA (50) | 12.23 | SELL |
| EMA (100) | 12.08 | SELL |
| SMA (100) | 12.18 | SELL |
| EMA (200) | 11.78 | BUY |
| SMA (200) | 11.71 | 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.