Verdicts genuinely change. Free email alert the moment VPC'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 Private Credit Strategy ETF · ETFis Series Trust I
59 holdings
This fund holds short positions, so exposure is counted gross — long and short both count as exposure rather than netting off, and the weights below therefore sum to 116% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT At least 36.50% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 80% turns out to be. Matching more holdings can only raise this share, never lower it.
59 holdings, 22 matched (31% of weight). Portfolio as of 2026-07-31, filed 2026-09-29. Source: SEC Form N-PORT.
73.08% of this portfolio’s income is non-permissible — weighted across holdings, computed over 5% of portfolio weight (5 of 59 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 |
|---|---|---|---|
| DREYFUS GOVERNMENT CASH MANAGE | UNSCREENED | 21.77% | no in-house ratios for this holding |
| OXFORD LANE CAPITAL CORP | UNSCREENED | 4.63% | no in-house ratios for this holding |
| EAGLE POINT CREDIT COMPANY | UNSCREENED | 4.45% | no in-house ratios for this holding |
| HRZN HORIZON TECHNOLOGY FINANCE CORP | NON_COMPLIANT | 3.59% | AAOIFI125.1% Usmani48.4% Dow Jones Islamic157.1% S&P Shariah154.4% MSCI Islamic48.4% MSCI Islamic M-Series154.4% FTSE Shariah48.4% |
| OFS CREDIT COMPANY INC | UNSCREENED | 3.18% | no in-house ratios for this holding |
| PSEC PROSPECT CAPITAL CORP | NON_COMPLIANT | 3.01% | AAOIFI160.9% Usmani28.9% Dow Jones Islamic150.1% S&P Shariah138.7% MSCI Islamic28.9% MSCI Islamic M-Series138.7% FTSE Shariah28.9% |
| XAI OCTAGON FLOATING RATE & ALTERNATIVE INCOME TERM TRUST | UNSCREENED | 2.83% | no in-house ratios for this holding |
| TCPC BLACKROCK TCP CAPITAL CORP | NON_COMPLIANT | 2.77% | AAOIFI262.5% Usmani61.7% Dow Jones Islamic201.3% S&P Shariah195.9% MSCI Islamic61.7% MSCI Islamic M-Series195.9% FTSE Shariah61.7% |
| FSK FS KKR CAPITAL CORP | NON_COMPLIANT | 2.60% | AAOIFI191.2% Usmani54.0% Dow Jones Islamic162.1% S&P Shariah164.5% MSCI Islamic54.0% MSCI Islamic M-Series164.5% FTSE Shariah54.0% |
| PENNANTPARK INVESTMENT CORP | UNSCREENED | 2.35% | no in-house ratios for this holding |
| RWAY RUNWAY GROWTH FINANCE CORP | NON_COMPLIANT | 2.18% | AAOIFI246.8% Usmani55.5% Dow Jones Islamic239.2% S&P Shariah227.2% MSCI Islamic55.5% MSCI Islamic M-Series227.2% FTSE Shariah55.5% |
| CION INVESTMENT CORP | UNSCREENED | 2.12% | no in-house ratios for this holding |
| GSBD GOLDMAN SACHS BDC INC | NON_COMPLIANT | 1.92% | AAOIFI166.0% Usmani56.3% Dow Jones Islamic173.0% S&P Shariah169.2% MSCI Islamic56.3% MSCI Islamic M-Series169.2% FTSE Shariah56.3% |
| SOUND POINT MERIDIAN CAPITAL INC | UNSCREENED | 1.79% | no in-house ratios for this holding |
| OCSL OAKTREE SPECIALTY LENDING CORP | NON_COMPLIANT | 1.79% | AAOIFI125.4% Usmani50.3% Dow Jones Islamic136.0% S&P Shariah132.8% MSCI Islamic50.3% MSCI Islamic M-Series132.8% FTSE Shariah50.3% |
| INVESCO SENIOR INCOME TRUST | UNSCREENED | 1.73% | no in-house ratios for this holding |
| CCAP CRESCENT CAPITAL BDC INC | NON_COMPLIANT | 1.72% | AAOIFI248.3% Usmani57.0% Dow Jones Islamic189.0% S&P Shariah189.7% MSCI Islamic57.0% MSCI Islamic M-Series189.7% FTSE Shariah57.0% |
| FS CREDIT OPPORTUNITIES CORP | UNSCREENED | 1.57% | no in-house ratios for this holding |
| CARLYLE SECURED LENDING INC | UNSCREENED | 1.54% | no in-house ratios for this holding |
| STELLUS CAPITAL INVESTMENT CORP | UNSCREENED | 1.54% | no in-house ratios for this holding |
| NMFC NEW MOUNTAIN FINANCE CORP | NON_COMPLIANT | 1.53% | AAOIFI188.7% Usmani55.7% Dow Jones Islamic150.8% S&P Shariah147.2% MSCI Islamic55.7% MSCI Islamic M-Series147.2% FTSE Shariah55.7% |
| NUVEEN FLOATING RATE INCOME FUND | UNSCREENED | 1.46% | no in-house ratios for this holding |
| FDUS FIDUS INVESTMENT CORP | NON_COMPLIANT | 1.43% | AAOIFI99.4% Usmani49.3% Dow Jones Islamic115.5% S&P Shariah129.4% MSCI Islamic49.3% MSCI Islamic M-Series129.4% FTSE Shariah49.3% |
| BLACKROCK GLOBAL FLOATING RATE INCOME TRUST | UNSCREENED | 1.42% | no in-house ratios for this holding |
| NUVEEN CREDIT STRATEGIES INCOME FUND | UNSCREENED | 1.41% | no in-house ratios for this holding |
| KKR INCOME OPPORTUNITIES FUND | UNSCREENED | 1.39% | no in-house ratios for this holding |
| HTGC HERCULES CAPITAL INC | NON_COMPLIANT | 1.38% | AAOIFI70.8% Usmani49.8% Dow Jones Islamic82.8% S&P Shariah90.0% MSCI Islamic49.8% MSCI Islamic M-Series90.0% FTSE Shariah49.8% |
| BLACKSTONE SECURED LENDING FUND | UNSCREENED | 1.36% | no in-house ratios for this holding |
| MFIC MIDCAP FINANCIAL INVESTMENT CORP | NON_COMPLIANT | 1.36% | AAOIFI228.4% Usmani60.8% Dow Jones Islamic181.1% S&P Shariah199.4% MSCI Islamic60.8% MSCI Islamic M-Series199.4% FTSE Shariah60.8% |
| PENNANTPARK FLOATING RATE CAPITAL LTD | UNSCREENED | 1.35% | no in-house ratios for this holding |
| BAIN CAPITAL SPECIALTY FINANCE INC | UNSCREENED | 1.34% | no in-house ratios for this holding |
| GBDC GOLUB CAPITAL BDC INC | NON_COMPLIANT | 1.32% | AAOIFI136.7% Usmani54.4% Dow Jones Islamic133.8% S&P Shariah153.0% MSCI Islamic54.4% MSCI Islamic M-Series153.0% FTSE Shariah54.4% |
| SAR SARATOGA INVESTMENT CORP | NON_COMPLIANT | 1.31% | AAOIFI278.5% Usmani68.3% Dow Jones Islamic261.3% S&P Shariah288.1% MSCI Islamic68.3% MSCI Islamic M-Series288.1% FTSE Shariah68.3% |
| First Trust Senior Floating Rate Income Fund II | UNSCREENED | 1.29% | no in-house ratios for this holding |
| EATON VANCE SENIOR INCOME TRUST | UNSCREENED | 1.28% | no in-house ratios for this holding |
| SLRC SLR INVESTMENT CORP | NON_COMPLIANT | 1.27% | AAOIFI168.8% Usmani45.1% Dow Jones Islamic151.8% S&P Shariah159.1% MSCI Islamic45.1% MSCI Islamic M-Series159.1% FTSE Shariah45.1% |
| BARINGS BDC INC | UNSCREENED | 1.26% | no in-house ratios for this holding |
| CAPITAL SOUTHWEST CORP | UNSCREENED | 1.26% | no in-house ratios for this holding |
| TSLX SIXTH STREET SPECIALTY LENDING INC | NON_COMPLIANT | 1.26% | AAOIFI109.8% Usmani54.3% Dow Jones Islamic106.8% S&P Shariah113.3% MSCI Islamic54.3% MSCI Islamic M-Series113.3% FTSE Shariah54.3% |
| BLACKROCK DEBT STRATEGIES FUND INC | UNSCREENED | 1.24% | no in-house ratios for this holding |
| GLADSTONE CAPITAL CORP | UNSCREENED | 1.23% | no in-house ratios for this holding |
| MSIF MSC INCOME FUND INC | NON_COMPLIANT | 1.23% | AAOIFI115.3% Usmani45.8% Dow Jones Islamic— S&P Shariah— MSCI Islamic45.8% MSCI Islamic M-Series— FTSE Shariah45.8% |
| OXFORD SQUARE CAPITAL CORP | UNSCREENED | 1.22% | no in-house ratios for this holding |
| MSDL MORGAN STANLEY DIRECT LENDING FUND | NON_COMPLIANT | 1.19% | AAOIFI154.5% Usmani53.4% Dow Jones Islamic143.1% S&P Shariah141.1% MSCI Islamic53.4% MSCI Islamic M-Series141.1% FTSE Shariah53.4% |
| GLADSTONE INVESTMENT CORP | UNSCREENED | 1.18% | no in-house ratios for this holding |
| EATON VANCE MUNICIPAL INCOME TRUST | UNSCREENED | 1.18% | no in-house ratios for this holding |
| BLACKROCK LTD DURATION INCOME TRUST | UNSCREENED | 1.17% | no in-house ratios for this holding |
| ARES CAPITAL CORP | UNSCREENED | 1.12% | no in-house ratios for this holding |
| ARES DYNAMIC CREDIT ALLOCATION FUND INC | UNSCREENED | 1.11% | no in-house ratios for this holding |
| BLACKROCK INCOME TRUST INC | UNSCREENED | 1.08% | no in-house ratios for this holding |
| NCDL NUVEEN CHURCHILL DIRECT LENDING CORP | NON_COMPLIANT | 1.05% | AAOIFI175.7% Usmani55.0% Dow Jones Islamic159.7% S&P Shariah159.4% MSCI Islamic55.0% MSCI Islamic M-Series159.4% FTSE Shariah55.0% |
| BLACKSTONE SENIOR FLOATING RATE 2027 TERM FUND | UNSCREENED | 1.03% | no in-house ratios for this holding |
| BLACKSTONE STRATEGIC CREDIT 2027 TERM FUND | UNSCREENED | 1.01% | no in-house ratios for this holding |
| OFS CAPITAL CORP | UNSCREENED | 1.00% | no in-house ratios for this holding |
| BCP INVESTMENT CORP | UNSCREENED | 0.95% | no in-house ratios for this holding |
| MAIN MAIN STREET CAPITAL CORP | NON_COMPLIANT | 0.93% | AAOIFI47.0% Usmani42.6% Dow Jones Islamic53.0% S&P Shariah59.6% MSCI Islamic42.6% MSCI Islamic M-Series59.6% FTSE Shariah42.6% |
| BLACKROCK TECHNOLOGY AND PRIVATE EQUITY TERM TRUST | UNSCREENED | 0.92% | no in-house ratios for this holding |
| WHF WHITEHORSE FINANCE INC | NON_COMPLIANT | 0.88% | AAOIFI211.6% Usmani53.7% Dow Jones Islamic193.2% S&P Shariah181.9% MSCI Islamic53.7% MSCI Islamic M-Series181.9% FTSE Shariah53.7% |
| TPVG TRIPLEPOINT VENTURE GROWTH BDC CORP | NON_COMPLIANT | 0.79% | AAOIFI199.5% Usmani54.4% Dow Jones Islamic201.3% S&P Shariah194.6% MSCI Islamic54.4% MSCI Islamic M-Series194.6% FTSE Shariah54.4% |
All 7 published standards agree about this fund to within 0.0 points of portfolio weight.
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 0.0% ratios fail on 36.5% 79.8% not rated under AAOIFI
ratios pass on 0.0% ratios fail on 33.5% 82.8% not rated under Usmani
ratios pass on 0.0% ratios fail on 35.3% 81.0% not rated under Dow Jones Islamic
ratios pass on 0.0% ratios fail on 35.3% 81.0% not rated under S&P Shariah
ratios pass on 0.0% ratios fail on 33.5% 82.8% not rated under MSCI Islamic
ratios pass on 0.0% ratios fail on 35.3% 81.0% not rated under MSCI Islamic M-Series
ratios pass on 0.0% ratios fail on 33.5% 82.8% not rated under FTSE Shariah
22 of 59 listed holdings carry our own per-methodology verdicts (36% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none.
| Non-compliant holding | Weight |
|---|---|
| HRZN HORIZON TECHNOLOGY FINANCE CORP | 3.59% |
| PSEC PROSPECT CAPITAL CORP | 3.01% |
| TCPC BLACKROCK TCP CAPITAL CORP | 2.77% |
| FSK FS KKR CAPITAL CORP | 2.60% |
| RWAY RUNWAY GROWTH FINANCE CORP | 2.18% |
| GSBD GOLDMAN SACHS BDC INC | 1.92% |
| OCSL OAKTREE SPECIALTY LENDING CORP | 1.79% |
| CCAP CRESCENT CAPITAL BDC INC | 1.72% |
| NMFC NEW MOUNTAIN FINANCE CORP | 1.53% |
| FDUS FIDUS INVESTMENT CORP | 1.43% |
Methodology breakdown computing — it will appear here on its own.
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
Virtus Private Credit Strategy ETF (VPC) 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.
Computing the full ratio and business-activity breakdown for VPC — this runs off the critical path so the page paints first. It will appear here on its own.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
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) | 29.80 | BUY |
| Stochastic %K (14) | 13.73 | BUY |
| CCI (20) | -134.04 | BUY |
| Williams %R (14) | -86.27 | BUY |
| MACD (12,26,9) | -0.05 | SELL |
| ROC (10) | -2.85 | SELL |
| Momentum (10) | -0.43 | SELL |
| EMA (10) | 14.69 | SELL |
| SMA (10) | 14.70 | SELL |
| EMA (20) | 14.85 | SELL |
| SMA (20) | 14.91 | SELL |
| EMA (30) | 14.94 | SELL |
| SMA (30) | 15.07 | SELL |
| EMA (50) | 14.99 | SELL |
| SMA (50) | 15.16 | SELL |
| EMA (100) | 15.03 | SELL |
| SMA (100) | 14.93 | SELL |
| EMA (200) | 15.31 | SELL |
| SMA (200) | 15.15 | SELL |
Under normal market conditions, the fund will invest not less than 80% of its assets in component securities of the underlying index. The underlying index is designed to track the performance of U.S.-listed, registered closed-end investment companies that have elected to be regulated as "business development companies" under the Investment Company Act of 1940, as well as U.S.-listed, non-BDC registered closed-end funds.
Background via Yahoo Finance — informational, not part of the verdict.
Weak — low conviction, small size or skip
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | RANGING | 42 |
| 🕐 1H | NEUTRAL | 16 |
| ⏱ 15-Min | RANGING | 66 |
| ⏲ 5-Min | BULLISH | 200 |
Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.
How the rest of the sector moved over the same window. Context for a price move, never a cause of one.
Peer movement computing — it will appear here on its own.
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.
Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.
NO DATA 0 buys · 0 sells
The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.
NEUTRAL report date 2026-10-06 · Asset managers net 906615 (+2612)
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.