Verdicts genuinely change. Free email alert the moment TOWFX'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.
Towpath Focus Fund · MSS Series Trust
36 holdings
NON-COMPLIANT 24.57% of portfolio weight is in non-compliant holdings, over the 5% threshold.
36 holdings, 31 matched (84% of weight). Portfolio as of 2026-05-31, filed 2026-07-30. Source: SEC Form N-PORT.
0.98% of this portfolio’s income is non-permissible — weighted across holdings, computed over 64% of portfolio weight (24 of 36 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.
46.8% compliant 12.7% questionable 24.6% non-compliant 15.8% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| GOOG Alphabet, Inc. | QUESTIONABLE | 11.10% | AAOIFI2.9% Usmani13.1% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic12.8% MSCI Islamic M-Series4.5% FTSE Shariah10.9% |
| Fidelity Institutional Cash Portfolios | UNSCREENED | 10.56% | no in-house ratios for this holding |
| BNY The Bank of New York Mellon Corp. | NON_COMPLIANT | 7.47% | AAOIFI27.2% Usmani5.8% Dow Jones Islamic41.5% S&P Shariah49.3% MSCI Islamic5.8% MSCI Islamic M-Series49.3% FTSE Shariah5.8% |
| MCK McKesson Corp. | COMPLIANT | 4.93% | AAOIFI12.5% Usmani14.9% Dow Jones Islamic14.5% S&P Shariah15.8% MSCI Islamic14.7% MSCI Islamic M-Series15.8% FTSE Shariah12.5% |
| SHEL Shell plc | NON_COMPLIANT | 4.35% | AAOIFI38.4% Usmani20.4% Dow Jones Islamic17.6% S&P Shariah18.0% MSCI Islamic20.4% MSCI Islamic M-Series18.0% FTSE Shariah20.4% |
| NVS Novartis, Inc. | COMPLIANT | 4.17% | AAOIFI12.5% Usmani25.9% Dow Jones Islamic11.8% S&P Shariah12.6% MSCI Islamic25.9% MSCI Islamic M-Series12.6% FTSE Shariah25.9% |
| TPR Tapestry, Inc. | COMPLIANT | 4.06% | AAOIFI16.9% Usmani59.3% Dow Jones Islamic18.9% S&P Shariah23.7% MSCI Islamic59.3% MSCI Islamic M-Series23.7% FTSE Shariah35.8% |
| BAC Bank of America Corp. | NON_COMPLIANT | 3.61% | AAOIFI77.5% Usmani9.7% Dow Jones Islamic95.9% S&P Shariah105.7% MSCI Islamic9.7% MSCI Islamic M-Series105.7% FTSE Shariah9.7% |
| VLO Valero Energy Corp. | COMPLIANT | 3.33% | AAOIFI10.3% Usmani14.1% Dow Jones Islamic17.0% S&P Shariah18.0% MSCI Islamic14.1% MSCI Islamic M-Series18.0% FTSE Shariah14.1% |
| GILD Gilead Sciences, Inc. | COMPLIANT | 3.03% | AAOIFI14.4% Usmani53.2% Dow Jones Islamic18.6% S&P Shariah21.4% MSCI Islamic53.2% MSCI Islamic M-Series21.4% FTSE Shariah53.2% |
| COR Cencora, Inc. | COMPLIANT | 2.90% | AAOIFI18.9% Usmani14.0% Dow Jones Islamic20.8% S&P Shariah22.7% MSCI Islamic14.0% MSCI Islamic M-Series22.7% FTSE Shariah14.0% |
| BMY Bristol Myers Squibb Co. | NON_COMPLIANT | 2.68% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| GSK GSK plc | COMPLIANT | 2.68% | AAOIFI19.2% Usmani23.6% Dow Jones Islamic10.6% S&P Shariah11.2% MSCI Islamic23.6% MSCI Islamic M-Series11.2% FTSE Shariah23.6% |
| AMGN Amgen, Inc. | COMPLIANT | 2.48% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| CB Chubb Ltd. | NON_COMPLIANT | 2.41% | AAOIFI13.3% Usmani6.3% Dow Jones Islamic14.8% S&P Shariah15.8% MSCI Islamic6.3% MSCI Islamic M-Series15.8% FTSE Shariah6.3% |
| EBAY eBay, Inc. | COMPLIANT | 2.41% | AAOIFI13.9% Usmani35.6% Dow Jones Islamic16.9% S&P Shariah19.4% MSCI Islamic35.6% MSCI Islamic M-Series19.4% FTSE Shariah33.4% |
| BKNG Booking Holdings, Inc. | COMPLIANT | 2.40% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| KO The Coca-Cola Co. | COMPLIANT | 2.28% | AAOIFI11.9% Usmani43.4% Dow Jones Islamic14.9% S&P Shariah15.9% MSCI Islamic43.4% MSCI Islamic M-Series15.9% FTSE Shariah41.8% |
| JNJ Johnson & Johnson | COMPLIANT | 2.24% | AAOIFI7.6% Usmani24.4% Dow Jones Islamic10.9% S&P Shariah11.7% MSCI Islamic24.4% MSCI Islamic M-Series11.7% FTSE Shariah24.4% |
| BHP BHP Group Ltd. | COMPLIANT | 2.14% | AAOIFI6.7% Usmani19.8% Dow Jones Islamic7.1% S&P Shariah7.4% MSCI Islamic19.8% MSCI Islamic M-Series7.4% FTSE Shariah19.8% |
| ITRN Ituran Location & Control Ltd. | UNRATED | 2.12% | AAOIFI0.5% Usmani1.2% Dow Jones Islamic0.6% S&P Shariah0.7% MSCI Islamic1.2% MSCI Islamic M-Series0.7% FTSE Shariah0.0% |
| SCHW The Charles Schwab Corp. | NON_COMPLIANT | 1.80% | AAOIFI14.6% Usmani5.3% Dow Jones Islamic18.7% S&P Shariah22.0% MSCI Islamic5.3% MSCI Islamic M-Series22.0% FTSE Shariah5.3% |
| GNTX Gentex Corp. | COMPLIANT | 1.71% | AAOIFI0.2% Usmani0.4% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic0.4% MSCI Islamic M-Series0.2% FTSE Shariah0.1% |
| Check Point Software Technologies Ltd. | UNSCREENED | 1.66% | no in-house ratios for this holding |
| AMZN Amazon.com, Inc. | QUESTIONABLE | 1.62% | AAOIFI8.2% Usmani22.1% Dow Jones Islamic9.6% S&P Shariah10.6% MSCI Islamic20.9% MSCI Islamic M-Series10.6% FTSE Shariah12.1% |
| ROST Ross Stores, Inc. | COMPLIANT | 1.60% | AAOIFI6.4% Usmani29.7% Dow Jones Islamic8.5% S&P Shariah9.2% MSCI Islamic29.7% MSCI Islamic M-Series9.2% FTSE Shariah6.4% |
| Prestige Consumer Healthcare, Inc. | UNSCREENED | 1.44% | no in-house ratios for this holding |
| United Natural Foods, Inc. | UNSCREENED | 1.23% | no in-house ratios for this holding |
| SMBC Southern Missouri Bancorp, Inc. | NON_COMPLIANT | 0.90% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| Maplebear, Inc. | UNSCREENED | 0.88% | no in-house ratios for this holding |
| ADBE Adobe, Inc. | COMPLIANT | 0.84% | AAOIFI4.5% Usmani22.6% Dow Jones Islamic4.6% S&P Shariah3.8% MSCI Islamic22.6% MSCI Islamic M-Series3.8% FTSE Shariah21.2% |
| INTU Intuit, Inc. | COMPLIANT | 0.78% | AAOIFI9.9% Usmani22.9% Dow Jones Islamic5.4% S&P Shariah5.3% MSCI Islamic22.9% MSCI Islamic M-Series5.3% FTSE Shariah20.8% |
| SHOO Steven Madden Ltd. | COMPLIANT | 0.72% | AAOIFI11.8% Usmani20.5% Dow Jones Islamic14.4% S&P Shariah14.0% MSCI Islamic20.5% MSCI Islamic M-Series14.0% FTSE Shariah6.8% |
| CURV Torrid Holdings, Inc. | NON_COMPLIANT | 0.70% | AAOIFI163.3% Usmani101.7% Dow Jones Islamic120.6% S&P Shariah98.1% MSCI Islamic101.7% MSCI Islamic M-Series98.1% FTSE Shariah71.2% |
| OSBC Old Second Bancorp, Inc. | NON_COMPLIANT | 0.48% | AAOIFI35.8% Usmani6.8% Dow Jones Islamic50.7% S&P Shariah56.9% MSCI Islamic6.8% MSCI Islamic M-Series56.9% FTSE Shariah6.8% |
| PSFE Paysafe Ltd. | NON_COMPLIANT | 0.17% | AAOIFI718.3% Usmani55.7% Dow Jones Islamic335.6% S&P Shariah315.6% MSCI Islamic55.7% MSCI Islamic M-Series315.6% FTSE Shariah54.8% |
The published standards disagree about this fund by 36 points of portfolio weight — 54.7% of it passes AAOIFI, 18.7% 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 54.7% ratios fail on 21.9% 23.3% not rated under AAOIFI
ratios pass on 47.2% ratios fail on 23.9% 28.7% not rated under Usmani
ratios pass on 47.0% ratios fail on 25.4% 27.5% not rated under Dow Jones Islamic
ratios pass on 51.9% ratios fail on 20.4% 27.5% not rated under S&P Shariah
ratios pass on 18.7% ratios fail on 37.2% 44.0% not rated under MSCI Islamic
ratios pass on 51.9% ratios fail on 20.4% 27.5% not rated under MSCI Islamic M-Series
ratios pass on 43.1% ratios fail on 23.9% 32.9% not rated under FTSE Shariah
31 of 36 listed holdings carry our own per-methodology verdicts (84% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 28 (77% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| BNY The Bank of New York Mellon Corp. | 7.47% |
| SHEL Shell plc | 4.35% |
| BAC Bank of America Corp. | 3.61% |
| BMY Bristol Myers Squibb Co. | 2.68% |
| CB Chubb Ltd. | 2.41% |
| SCHW The Charles Schwab Corp. | 1.80% |
| SMBC Southern Missouri Bancorp, Inc. | 0.90% |
| CURV Torrid Holdings, Inc. | 0.70% |
| OSBC Old Second Bancorp, Inc. | 0.48% |
| PSFE Paysafe Ltd. | 0.17% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Towpath Focus Fund (TOWFX) 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 |
|---|---|---|
| GOOGAlphabet, Inc. | 11.10% | Questionable |
| Fidelity Institutional Cash Portfoliosnot matched to a ticker | 10.56% | Not screened |
| BNYThe Bank of New York Mellon Corp. | 7.47% | Non-compliant |
| MCKMcKesson Corp. | 4.93% | Compliant |
| SHELShell plc | 4.35% | Non-compliant |
| NVSNovartis, Inc. | 4.17% | Compliant |
| TPRTapestry, Inc. | 4.06% | Compliant |
| BACBank of America Corp. | 3.61% | Non-compliant |
| VLOValero Energy Corp. | 3.33% | Compliant |
| GILDGilead Sciences, Inc. | 3.03% | Compliant |
Top 10 of 36 holdings, 56.6% 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 TOWFX. 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) | 54.80 | NEUTRAL |
| Stochastic %K (14) | 100.00 | SELL |
| CCI (20) | 85.21 | NEUTRAL |
| Williams %R (14) | 0.00 | SELL |
| MACD (12,26,9) | 0.04 | BUY |
| ROC (10) | 1.08 | BUY |
| Momentum (10) | 0.23 | BUY |
| EMA (10) | 21.38 | BUY |
| SMA (10) | 21.30 | BUY |
| EMA (20) | 21.43 | BUY |
| SMA (20) | 21.39 | BUY |
| EMA (30) | 21.49 | BUY |
| SMA (30) | 21.56 | BUY |
| EMA (50) | 21.48 | BUY |
| SMA (50) | 21.73 | SELL |
| EMA (100) | 21.22 | BUY |
| SMA (100) | 21.24 | BUY |
| EMA (200) | 20.52 | BUY |
| SMA (200) | 20.58 | 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.