Verdicts genuinely change. Free email alert the moment VVILX'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.
Vulcan Value Partners Fund · Elevation Series Trust
25 holdings
NON-COMPLIANT 48.33% of portfolio weight is in non-compliant holdings, over the 5% threshold.
25 holdings, 24 matched (99% of weight). Portfolio as of 2026-07-31, filed 2026-09-28. Source: SEC Form N-PORT.
1.34% of this portfolio’s income is non-permissible — weighted across holdings, computed over 97% of portfolio weight (23 of 25 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.
35.0% compliant 15.6% questionable 48.3% non-compliant 1.1% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| RYAN Ryan Specialty Holdings Inc | NON_COMPLIANT | 7.04% | AAOIFI36.4% Usmani31.8% Dow Jones Islamic63.0% S&P Shariah65.1% MSCI Islamic31.8% MSCI Islamic M-Series65.1% FTSE Shariah30.4% |
| MSFT Microsoft Corp | QUESTIONABLE | 6.80% | AAOIFI1.5% Usmani7.5% Dow Jones Islamic1.7% S&P Shariah1.8% MSCI Islamic7.5% MSCI Islamic M-Series1.8% FTSE Shariah5.3% |
| MA Mastercard Inc | COMPLIANT | 6.56% | AAOIFI4.9% Usmani42.7% Dow Jones Islamic37.5% S&P Shariah40.1% MSCI Islamic42.7% MSCI Islamic M-Series40.1% FTSE Shariah42.7% |
| SAP SAP SE | COMPLIANT | 6.30% | AAOIFI3.5% Usmani13.0% Dow Jones Islamic3.1% S&P Shariah3.4% MSCI Islamic10.6% MSCI Islamic M-Series3.4% FTSE Shariah10.6% |
| ARES Ares Management Corp | NON_COMPLIANT | 6.11% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| TPG TPG Inc | NON_COMPLIANT | 6.04% | AAOIFI11.6% Usmani16.7% Dow Jones Islamic11.8% S&P Shariah13.1% MSCI Islamic16.7% MSCI Islamic M-Series13.1% FTSE Shariah16.7% |
| NOW ServiceNow Inc | COMPLIANT | 4.88% | AAOIFI6.1% Usmani26.7% Dow Jones Islamic5.0% S&P Shariah5.3% MSCI Islamic26.7% MSCI Islamic M-Series5.3% FTSE Shariah23.7% |
| AMZN Amazon.com Inc | QUESTIONABLE | 4.74% | AAOIFI8.2% Usmani22.1% Dow Jones Islamic9.6% S&P Shariah10.6% MSCI Islamic20.9% MSCI Islamic M-Series10.6% FTSE Shariah12.1% |
| TRU TransUnion | NON_COMPLIANT | 4.49% | AAOIFI38.2% Usmani47.2% Dow Jones Islamic34.6% S&P Shariah36.4% MSCI Islamic47.2% MSCI Islamic M-Series36.4% FTSE Shariah46.5% |
| EFX Equifax Inc | COMPLIANT | 4.43% | AAOIFI27.1% Usmani45.6% Dow Jones Islamic19.8% S&P Shariah19.6% MSCI Islamic45.6% MSCI Islamic M-Series19.6% FTSE Shariah45.6% |
| EG Everest Group Ltd | NON_COMPLIANT | 4.43% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| TDG TransDigm Group Inc | NON_COMPLIANT | 4.05% | AAOIFI51.2% Usmani123.0% Dow Jones Islamic45.8% S&P Shariah49.7% MSCI Islamic123.0% MSCI Islamic M-Series49.7% FTSE Shariah123.0% |
| GOOG Alphabet Inc | QUESTIONABLE | 4.02% | AAOIFI2.9% Usmani13.1% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic12.8% MSCI Islamic M-Series4.5% FTSE Shariah10.9% |
| ELV Elevance Health Inc | NON_COMPLIANT | 3.64% | AAOIFI35.1% Usmani24.6% Dow Jones Islamic37.4% S&P Shariah33.5% MSCI Islamic24.6% MSCI Islamic M-Series33.5% FTSE Shariah24.6% |
| IQV IQVIA Holdings Inc | NON_COMPLIANT | 3.49% | AAOIFI36.7% Usmani55.2% Dow Jones Islamic47.8% S&P Shariah44.8% MSCI Islamic54.4% MSCI Islamic M-Series44.8% FTSE Shariah53.4% |
| FISV FISERV, INC. | NON_COMPLIANT | 3.47% | AAOIFI99.4% Usmani34.6% Dow Jones Islamic38.9% S&P Shariah36.9% MSCI Islamic34.6% MSCI Islamic M-Series36.9% FTSE Shariah34.5% |
| NICE.TA Nice Ltd | COMPLIANT | 3.12% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| V Visa Inc | COMPLIANT | 2.92% | AAOIFI3.5% Usmani25.2% Dow Jones Islamic15.5% S&P Shariah16.7% MSCI Islamic25.2% MSCI Islamic M-Series16.7% FTSE Shariah25.2% |
| MEDP Medpace Holdings Inc | COMPLIANT | 2.49% | AAOIFIpass Usmani— Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariah— |
| HEI HEICO Corp | COMPLIANT | 2.36% | AAOIFI5.8% Usmani25.6% Dow Jones Islamic31.9% S&P Shariah36.0% MSCI Islamic25.6% MSCI Islamic M-Series36.0% FTSE Shariah25.6% |
| KMX CarMax Inc | NON_COMPLIANT | 2.03% | AAOIFI217.2% Usmani70.8% Dow Jones Islamic209.1% S&P Shariah190.0% MSCI Islamic70.1% MSCI Islamic M-Series190.0% FTSE Shariah68.2% |
| CRM Salesforce Inc | COMPLIANT | 1.94% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| JLL Jones Lang LaSalle Inc | NON_COMPLIANT | 1.90% | AAOIFI15.5% Usmani14.4% Dow Jones Islamic18.5% S&P Shariah20.9% MSCI Islamic14.4% MSCI Islamic M-Series20.9% FTSE Shariah9.4% |
| UNH UnitedHealth Group Inc | NON_COMPLIANT | 1.63% | AAOIFI20.4% Usmani23.7% Dow Jones Islamic20.4% S&P Shariah18.8% MSCI Islamic23.7% MSCI Islamic M-Series18.8% FTSE Shariah23.7% |
| Invesco Government & Agency Po | UNSCREENED | 1.08% | no in-house ratios for this holding |
The published standards disagree about this fund by 9 points of portfolio weight — 58.2% of it passes AAOIFI, 49.3% passes S&P Shariah. 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 58.2% ratios fail on 32.6% 9.1% not rated under AAOIFI
ratios pass on 49.4% ratios fail on 33.0% 17.7% not rated under Usmani
ratios pass on 51.7% ratios fail on 39.2% 9.1% not rated under Dow Jones Islamic
ratios pass on 49.3% ratios fail on 39.2% 11.5% not rated under S&P Shariah
ratios pass on 51.4% ratios fail on 35.4% 13.1% not rated under MSCI Islamic
ratios pass on 49.3% ratios fail on 39.2% 11.5% not rated under MSCI Islamic M-Series
ratios pass on 55.4% ratios fail on 33.0% 11.6% not rated under FTSE Shariah
24 of 25 listed holdings carry our own per-methodology verdicts (99% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 21 (91% 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.
Vulcan Value Partners Fund (VVILX) 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 |
|---|---|---|
| RYANRyan Specialty Holdings Inc | 7.04% | Non-compliant |
| MSFTMicrosoft Corp | 6.80% | Questionable |
| MAMastercard Inc | 6.56% | Compliant |
| SAPSAP SE | 6.30% | Compliant |
| ARESAres Management Corp | 6.11% | Non-compliant |
| TPGTPG Inc | 6.04% | Non-compliant |
| NOWServiceNow Inc | 4.88% | Compliant |
| AMZNAmazon.com Inc | 4.74% | Questionable |
| TRUTransUnion | 4.49% | Non-compliant |
| EFXEquifax Inc | 4.43% | Compliant |
Top 10 of 25 holdings, 57.4% 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 VVILX. 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 2 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) | 40.10 | NEUTRAL |
| Stochastic %K (14) | 0.00 | BUY |
| CCI (20) | -51.28 | NEUTRAL |
| Williams %R (14) | -100.00 | BUY |
| MACD (12,26,9) | 0.00 | BUY |
| ROC (10) | 0.00 | NEUTRAL |
| Momentum (10) | 0.00 | NEUTRAL |
| EMA (10) | 28.91 | SELL |
| SMA (10) | 28.87 | NEUTRAL |
| EMA (20) | 29.09 | SELL |
| SMA (20) | 29.05 | SELL |
| EMA (30) | 29.19 | SELL |
| SMA (30) | 29.46 | SELL |
| EMA (50) | 29.09 | SELL |
| SMA (50) | 29.71 | SELL |
| EMA (100) | 28.46 | BUY |
| SMA (100) | 28.22 | BUY |
| EMA (200) | 27.80 | BUY |
| SMA (200) | 27.12 | 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.