Verdicts genuinely change. Free email alert the moment VMAEX'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.
Virtus Newfleet CMBS MACS · Virtus Managed Account Completion Shares (MACS) Trust
22 holdings
NON-COMPLIANT At least 20.43% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 77% turns out to be. Matching more holdings can only raise this share, never lower it.
20.43% 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.
22 holdings, 2 matched (21% of weight). Portfolio as of 2026-06-30, filed 2026-08-28. Source: SEC Form N-PORT.
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 |
|---|---|---|---|
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | NON_COMPLIANT | 11.30% | no in-house ratios for this holding |
| Federal National Mortgage Association | NON_COMPLIANT | 9.13% | no in-house ratios for this holding |
| MSSG TRUST 2017-237P | UNSCREENED | 6.27% | no in-house ratios for this holding |
| HOUSTON GALLERIA MALL TRUST 2025-HGLR | UNSCREENED | 5.92% | no in-house ratios for this holding |
| MIRA TRUST 2023-MILE | UNSCREENED | 5.32% | no in-house ratios for this holding |
| NYC COMMERCIAL MORTGAGE TRUST 2025-300P | UNSCREENED | 4.98% | no in-house ratios for this holding |
| CENT TRUST 2025-CITY | UNSCREENED | 4.82% | no in-house ratios for this holding |
| HUDSON YARDS 2025-SPRL MORTGAGE TRUST | UNSCREENED | 4.68% | no in-house ratios for this holding |
| RFR TRUST 2025-SGRM | UNSCREENED | 4.64% | no in-house ratios for this holding |
| FONTAINEBLEAU MIAMI BEACH TRUST 2024-FBLU | UNSCREENED | 4.56% | no in-house ratios for this holding |
| LV TRUST 2024-SHOW | UNSCREENED | 4.50% | no in-house ratios for this holding |
| ROCK TRUST 2024-CNTR | UNSCREENED | 4.29% | no in-house ratios for this holding |
| RIDE TRUST 2025-SHRE | UNSCREENED | 4.28% | no in-house ratios for this holding |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2024-OMNI | UNSCREENED | 3.82% | no in-house ratios for this holding |
| SWITCH ABS ISSUER LLC | UNSCREENED | 3.72% | no in-house ratios for this holding |
| BBCMS TRUST 2018-CBM | UNSCREENED | 3.44% | no in-house ratios for this holding |
| CF HIPPOLYTA ISSUER LLC | UNSCREENED | 3.29% | no in-house ratios for this holding |
| ALA TRUST 2025-OANA | UNSCREENED | 3.20% | no in-house ratios for this holding |
| BX TRUST 2018-BILT | UNSCREENED | 2.71% | no in-house ratios for this holding |
| BX TRUST 2025-ROIC | UNSCREENED | 1.02% | no in-house ratios for this holding |
| HUDSON YARDS 2026-10HY MORTGAGE TRUST | UNSCREENED | 1.00% | no in-house ratios for this holding |
| BENCHMARK 2023-B38 MORTGAGE TRUST | UNSCREENED | 0.95% | no in-house ratios for this holding |
| Non-compliant holding | Weight |
|---|---|
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | 11.30% |
| Federal National Mortgage Association | 9.13% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Virtus Newfleet CMBS MACS (VMAEX) 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 |
|---|---|---|
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATIONnot matched to a ticker | 11.30% | Non-compliant |
| Federal National Mortgage Associationnot matched to a ticker | 9.13% | Non-compliant |
| MSSG TRUST 2017-237Pnot matched to a ticker | 6.27% | Not screened |
| HOUSTON GALLERIA MALL TRUST 2025-HGLRnot matched to a ticker | 5.92% | Not screened |
| MIRA TRUST 2023-MILEnot matched to a ticker | 5.32% | Not screened |
| NYC COMMERCIAL MORTGAGE TRUST 2025-300Pnot matched to a ticker | 4.98% | Not screened |
| CENT TRUST 2025-CITYnot matched to a ticker | 4.82% | Not screened |
| HUDSON YARDS 2025-SPRL MORTGAGE TRUSTnot matched to a ticker | 4.68% | Not screened |
| RFR TRUST 2025-SGRMnot matched to a ticker | 4.64% | Not screened |
| FONTAINEBLEAU MIAMI BEACH TRUST 2024-FBLUnot matched to a ticker | 4.56% | Not screened |
Top 10 of 22 holdings, 61.6% 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 VMAEX. 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 5 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) | 49.50 | NEUTRAL |
| Stochastic %K (14) | 100.00 | SELL |
| CCI (20) | 91.32 | NEUTRAL |
| Williams %R (14) | 0.00 | SELL |
| MACD (12,26,9) | 0.00 | BUY |
| ROC (10) | 0.21 | BUY |
| Momentum (10) | 0.02 | BUY |
| EMA (10) | 9.69 | BUY |
| SMA (10) | 9.69 | BUY |
| EMA (20) | 9.69 | BUY |
| SMA (20) | 9.68 | BUY |
| EMA (30) | 9.70 | SELL |
| SMA (30) | 9.70 | SELL |
| EMA (50) | 9.72 | SELL |
| SMA (50) | 9.74 | SELL |
| EMA (100) | 9.73 | SELL |
| SMA (100) | 9.75 | SELL |
| EMA (200) | 9.70 | SELL |
| SMA (200) | 9.73 | 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.