FUSDETF / FundFederated Hermes Ultrashort Bond ETF
Verdicts genuinely change. Free email alert the moment FUSD's does — no target price to set, unlike a price alert.
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.
Federated Hermes Ultrashort Bond ETF · Federated Hermes ETF Trust
105 holdings · as of 2026-06-30 (4.4 months ago) The fund may have traded since. SEC Form N-PORT is filed quarterly and lags the period it covers, so these are the most recent holdings on file, not the fund’s holdings today.
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 103% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT At least 33.19% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 68% turns out to be. Matching more holdings can only raise this share, never lower it.
15.28% 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.
105 holdings, 38 matched (33% of weight). Portfolio as of 2026-06-30, filed 2026-08-25. Source: SEC Form N-PORT.
12.36% of this portfolio’s income is non-permissible — weighted across holdings, computed over 9% of portfolio weight (12 of 105 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.
All holdings (105)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| FEDERATED HERMES MONEY MARKET OBLIGATIONS TRUST | UNSCREENED | 9.09% | no in-house ratios for this holding |
| Federated Core Trust - Federated Bank Loan Core Fund | UNSCREENED | 3.48% | no in-house ratios for this holding |
| Federated Core Trust III - Federated Project and Trade Finance Core Fund | UNSCREENED | 2.50% | no in-house ratios for this holding |
| JW Commercial Mortgage Trust | UNSCREENED | 2.00% | no in-house ratios for this holding |
| Chase Auto Owner Trust | UNSCREENED | 1.38% | no in-house ratios for this holding |
| PenFed Auto Receivables Owner Trust | UNSCREENED | 1.16% | no in-house ratios for this holding |
| SPACE EXPLORATION TECH | UNSCREENED | 1.10% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 1.06% | no in-house ratios for this holding |
| PFS Financing Corp. | UNSCREENED | 1.02% | no in-house ratios for this holding |
| ALLY ALLY FINANCIAL INC | NON_COMPLIANT | 1.01% | AAOIFI128.2% Usmani8.5% Dow Jones Islamic145.1% S&P Shariah153.2% MSCI Islamic8.5% MSCI Islamic M-Series153.2% FTSE Shariah8.5% |
| MMAF Equipment Finance LLC | UNSCREENED | 1.01% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 1.01% | no in-house ratios for this holding |
| DLLAD LLC | UNSCREENED | 1.01% | no in-house ratios for this holding |
| Government National Mortgage Association | NON_COMPLIANT | 1.01% | no in-house ratios for this holding |
| NAB.AX NATIONAL AUSTRALIA BANK | NON_COMPLIANT | 1.01% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NWG.L NATWEST GROUP PLC | NON_COMPLIANT | 1.01% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| GENERAL MOTORS FINL CO | UNSCREENED | 1.00% | no in-house ratios for this holding |
| C CITIGROUP INC | NON_COMPLIANT | 1.00% | AAOIFI159.2% Usmani13.8% Dow Jones Islamic214.6% S&P Shariah251.0% MSCI Islamic13.8% MSCI Islamic M-Series251.0% FTSE Shariah13.8% |
| Dell Equipment Finance Trust | UNSCREENED | 1.00% | no in-house ratios for this holding |
| RY ROYAL BANK OF CANADA | COMPLIANT | 1.00% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| NextGear Floorplan Master Owner Trust | UNSCREENED | 1.00% | no in-house ratios for this holding |
| DELL INT LLC / EMC CORP | UNSCREENED | 1.00% | no in-house ratios for this holding |
| GLE.PA SOCIETE GENERALE | NON_COMPLIANT | 1.00% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| HYUNDAI CAPITAL AMERICA | UNSCREENED | 1.00% | no in-house ratios for this holding |
| DAIMLER TRUCK FINAN NA | UNSCREENED | 1.00% | no in-house ratios for this holding |
| JPM JPMORGAN CHASE & CO | NON_COMPLIANT | 1.00% | AAOIFI7.7% Usmani1.4% Dow Jones Islamic9.5% S&P Shariah10.7% MSCI Islamic1.4% MSCI Islamic M-Series10.7% FTSE Shariah1.4% |
| CARDS II Trust | UNSCREENED | 1.00% | no in-house ratios for this holding |
| MTB M&T BANK CORPORATION | NON_COMPLIANT | 1.00% | AAOIFI52.5% Usmani8.3% Dow Jones Islamic59.6% S&P Shariah66.0% MSCI Islamic8.3% MSCI Islamic M-Series66.0% FTSE Shariah8.3% |
| MORGAN STANLEY PVT BANK | UNSCREENED | 1.00% | no in-house ratios for this holding |
| WFC WELLS FARGO & COMPANY | NON_COMPLIANT | 1.00% | AAOIFI80.2% Usmani9.1% Dow Jones Islamic84.8% S&P Shariah93.9% MSCI Islamic9.1% MSCI Islamic M-Series93.9% FTSE Shariah9.1% |
| AMERICAN HONDA FINANCE | UNSCREENED | 1.00% | no in-house ratios for this holding |
| WESTPAC NEW ZEALAND LTD | UNSCREENED | 1.00% | no in-house ratios for this holding |
| Verizon Master Trust | UNSCREENED | 1.00% | no in-house ratios for this holding |
| GS GOLDMAN SACHS GROUP INC | NON_COMPLIANT | 1.00% | AAOIFI147.5% Usmani20.6% Dow Jones Islamic194.6% S&P Shariah229.2% MSCI Islamic20.6% MSCI Islamic M-Series229.2% FTSE Shariah20.6% |
| BAC BANK OF AMERICA CORP | NON_COMPLIANT | 1.00% | AAOIFI77.5% Usmani9.7% Dow Jones Islamic95.9% S&P Shariah105.7% MSCI Islamic9.7% MSCI Islamic M-Series105.7% FTSE Shariah9.7% |
| Chesapeake Funding II LLC | UNSCREENED | 1.00% | no in-house ratios for this holding |
| US BANK NA CINCINNATI | UNSCREENED | 1.00% | no in-house ratios for this holding |
| PNC FINANCIAL SERVICES | UNSCREENED | 1.00% | no in-house ratios for this holding |
| Stellantis Financial Underwritten Enhanced Lease Trust | UNSCREENED | 1.00% | no in-house ratios for this holding |
| 8604.T NOMURA HOLDINGS INC | NON_COMPLIANT | 1.00% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Ally Bank Auto Credit-Linked Notes | UNSCREENED | 1.00% | no in-house ratios for this holding |
| ORCL ORACLE CORP | NON_COMPLIANT | 1.00% | AAOIFI34.1% Usmani64.0% Dow Jones Islamic30.7% S&P Shariah35.2% MSCI Islamic61.0% MSCI Islamic M-Series35.2% FTSE Shariah49.5% |
| BNS.TO BANK OF NOVA SCOTIA | NON_COMPLIANT | 1.00% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Santander Bank Auto Credit-Linked Notes | UNSCREENED | 1.00% | no in-house ratios for this holding |
| PRUDENTIAL QMA STRAT VAL- | UNSCREENED | 1.00% | no in-house ratios for this holding |
| Government National Mortgage Association | NON_COMPLIANT | 1.00% | no in-house ratios for this holding |
| HP ENTERPRISE CO | UNSCREENED | 1.00% | no in-house ratios for this holding |
| Santander Drive Auto Receivables Trust | UNSCREENED | 1.00% | no in-house ratios for this holding |
| TRUIST BANK | UNSCREENED | 1.00% | no in-house ratios for this holding |
| Stellantis Financial Underwritten Enhanced Lease Trust | UNSCREENED | 1.00% | no in-house ratios for this holding |
| Wheels Fleet Lease Funding LLC | UNSCREENED | 1.00% | no in-house ratios for this holding |
| AIRCASTLE / IRELAND DAC | UNSCREENED | 0.99% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.99% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.99% | no in-house ratios for this holding |
| SUMISHO AIR LEASE CORP | UNSCREENED | 0.99% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.99% | no in-house ratios for this holding |
| Government National Mortgage Association | NON_COMPLIANT | 0.99% | no in-house ratios for this holding |
| Government National Mortgage Association | NON_COMPLIANT | 0.99% | no in-house ratios for this holding |
| Government National Mortgage Association | NON_COMPLIANT | 0.99% | no in-house ratios for this holding |
| GREAT AMERICA LEASING RECEIVABLES | UNSCREENED | 0.99% | no in-house ratios for this holding |
| FORD MOTOR CREDIT CO LLC | UNSCREENED | 0.99% | no in-house ratios for this holding |
| CarMax Auto Owner Trust | UNSCREENED | 0.99% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.98% | no in-house ratios for this holding |
| Government National Mortgage Association | NON_COMPLIANT | 0.98% | no in-house ratios for this holding |
| FS Trust | UNSCREENED | 0.98% | no in-house ratios for this holding |
| Government National Mortgage Association | NON_COMPLIANT | 0.97% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.97% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 0.96% | no in-house ratios for this holding |
| Securitized Term Auto Receivables Trust | UNSCREENED | 0.95% | no in-house ratios for this holding |
| Securitized Term Auto Receivables Trust | UNSCREENED | 0.94% | no in-house ratios for this holding |
| HPEFS Equipment Trust | UNSCREENED | 0.84% | no in-house ratios for this holding |
| Chase Auto Owner Trust | UNSCREENED | 0.81% | no in-house ratios for this holding |
| HCA INC | UNSCREENED | 0.80% | no in-house ratios for this holding |
| PM PHILIP MORRIS INTL INC | NON_COMPLIANT | 0.80% | AAOIFI16.1% Usmani66.9% Dow Jones Islamic18.9% S&P Shariah22.1% MSCI Islamic66.9% MSCI Islamic M-Series22.1% FTSE Shariah66.9% |
| T AT&T INC | NON_COMPLIANT | 0.80% | AAOIFI92.9% Usmani38.0% Dow Jones Islamic94.4% S&P Shariah107.8% MSCI Islamic38.0% MSCI Islamic M-Series107.8% FTSE Shariah33.6% |
| AUGUSTA SPINCO CORPORATI | UNSCREENED | 0.80% | no in-house ratios for this holding |
| Trillium Credit Card Trust II | UNSCREENED | 0.80% | no in-house ratios for this holding |
| ARI Fleet Lease Trust | UNSCREENED | 0.80% | no in-house ratios for this holding |
| HST HOST HOTELS & RESORTS LP | NON_COMPLIANT | 0.79% | AAOIFI8.4% Usmani9.6% Dow Jones Islamic10.8% S&P Shariah11.0% MSCI Islamic9.6% MSCI Islamic M-Series11.0% FTSE Shariah9.6% |
| Hyundai Auto Receivables Trust | UNSCREENED | 0.75% | no in-house ratios for this holding |
| GM Financial Consumer Automobile Receivables Trust | UNSCREENED | 0.75% | no in-house ratios for this holding |
| Enterprise Fleet Financing LLC | UNSCREENED | 0.67% | no in-house ratios for this holding |
| LAD Auto Receivables Trust | UNSCREENED | 0.54% | no in-house ratios for this holding |
| CFG CITIZENS FINANCIAL GROUP | NON_COMPLIANT | 0.51% | AAOIFI92.6% Usmani11.8% Dow Jones Islamic125.5% S&P Shariah143.3% MSCI Islamic11.8% MSCI Islamic M-Series143.3% FTSE Shariah11.8% |
| Verizon Master Trust | UNSCREENED | 0.51% | no in-house ratios for this holding |
| COREBRIDGE GLOB FUNDING | UNSCREENED | 0.50% | no in-house ratios for this holding |
| FIDELITY NATL INFO SERV | UNSCREENED | 0.50% | no in-house ratios for this holding |
| GENERAL MOTORS FINL CO | UNSCREENED | 0.50% | no in-house ratios for this holding |
| MRSH MARSH & MCLENNAN COS INC | NON_COMPLIANT | 0.50% | AAOIFI24.1% Usmani35.8% Dow Jones Islamic22.1% S&P Shariah22.2% MSCI Islamic35.8% MSCI Islamic M-Series22.2% FTSE Shariah32.7% |
| NEXTERA ENERGY CAPITAL | UNSCREENED | 0.50% | no in-house ratios for this holding |
| AON NORTH AMERICA INC | UNSCREENED | 0.50% | no in-house ratios for this holding |
| CANADIAN IMPERIAL BANK | UNSCREENED | 0.50% | no in-house ratios for this holding |
| CONSTELLATION EN GEN LLC | UNSCREENED | 0.50% | no in-house ratios for this holding |
| OKE ONEOK INC | NON_COMPLIANT | 0.50% | AAOIFI52.4% Usmani46.0% Dow Jones Islamic62.1% S&P Shariah68.1% MSCI Islamic46.0% MSCI Islamic M-Series68.1% FTSE Shariah46.0% |
| MPLX MPLX LP | NON_COMPLIANT | 0.50% | AAOIFI42.8% Usmani60.3% Dow Jones Islamic52.4% S&P Shariah59.3% MSCI Islamic60.3% MSCI Islamic M-Series59.3% FTSE Shariah59.7% |
| GPN GLOBAL PAYMENTS INC | NON_COMPLIANT | 0.49% | AAOIFI95.7% Usmani36.9% Dow Jones Islamic108.0% S&P Shariah96.7% MSCI Islamic36.9% MSCI Islamic M-Series96.7% FTSE Shariah36.9% |
| LINCOLN FIN GLBL FUNDING | UNSCREENED | 0.49% | no in-house ratios for this holding |
| Government National Mortgage Association | NON_COMPLIANT | 0.38% | no in-house ratios for this holding |
| MMAF Equipment Finance LLC | UNSCREENED | 0.31% | no in-house ratios for this holding |
| Securitized Term Auto Receivables Trust | UNSCREENED | 0.31% | no in-house ratios for this holding |
| Enterprise Fleet Financing LLC | UNSCREENED | 0.30% | no in-house ratios for this holding |
| Mercedes-Benz Auto Lease Trust | UNSCREENED | 0.28% | no in-house ratios for this holding |
| Ally Auto Receivables Trust | UNSCREENED | 0.26% | no in-house ratios for this holding |
| Ford Credit Auto Owner Trust | UNSCREENED | 0.24% | no in-house ratios for this holding |
| Chicago Board of Trade | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 3 points of portfolio weight — 3.1% of it passes AAOIFI, 0.0% passes Usmani. 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 3.1% ratios fail on 15.8% 83.6% not rated under AAOIFI
ratios pass on 0.0% ratios fail on 13.6% 88.9% not rated under Usmani
ratios pass on 3.1% ratios fail on 15.8% 83.6% not rated under Dow Jones Islamic
ratios pass on 2.1% ratios fail on 15.8% 84.6% not rated under S&P Shariah
ratios pass on 0.8% ratios fail on 13.6% 88.1% not rated under MSCI Islamic
ratios pass on 2.1% ratios fail on 16.8% 83.6% not rated under MSCI Islamic M-Series
ratios pass on 1.3% ratios fail on 13.1% 88.1% not rated under FTSE Shariah
22 of 105 listed holdings carry our own per-methodology verdicts (19% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 17 (14% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| Fannie Mae | 1.06% |
| ALLY ALLY FINANCIAL INC | 1.01% |
| Freddie Mac | 1.01% |
| Government National Mortgage Association | 1.01% |
| NAB.AX NATIONAL AUSTRALIA BANK | 1.01% |
| NWG.L NATWEST GROUP PLC | 1.01% |
| C CITIGROUP INC | 1.00% |
| GLE.PA SOCIETE GENERALE | 1.00% |
| JPM JPMORGAN CHASE & CO | 1.00% |
| MTB M&T BANK CORPORATION | 1.00% |
Methodology breakdown computing — it will appear here on its own.
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Why this signal?
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
Federated Hermes Ultrashort Bond ETF (FUSD) 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.
🕌 In-house Compliance Research
Computing the full ratio and business-activity breakdown for FUSD — 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
Not enough completed daily bars to compute pivots.
Price Forecast
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.
Technical Summary
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.
Every indicator, and what it reads
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 53.60 | NEUTRAL |
| Stochastic %K (14) | 58.97 | NEUTRAL |
| CCI (20) | 48.46 | NEUTRAL |
| Williams %R (14) | -41.03 | NEUTRAL |
| MACD (12,26,9) | 0.01 | BUY |
| ROC (10) | 0.16 | BUY |
| Momentum (10) | 0.04 | BUY |
| EMA (10) | 24.89 | SELL |
| SMA (10) | 24.89 | SELL |
| EMA (20) | 24.87 | BUY |
| SMA (20) | 24.87 | BUY |
| EMA (30) | 24.86 | BUY |
| SMA (30) | 24.84 | BUY |
| EMA (50) | 24.83 | BUY |
| SMA (50) | 24.84 | BUY |
| EMA (100) | 24.78 | BUY |
About Federated Hermes Ultrashort Bond ETF
The fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in fixed-income investments. It invests primarily (that is, more than 50%) in investment-grade, various fixed-income securities, including but not limited to asset-backed (including mortgage-backed securities), corporate debt securities, investment-grade corporate bonds, high-yield corporate bonds, bank loans and trade finance instruments, but may invest up to 35% of its assets in noninvestment-grade, fixed-income securities (also known as “junk-bonds”).
Background via Yahoo Finance — informational, not part of the verdict.
Average — needs more confirmation before sizing up
SMC — Top Down
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 | BEARISH | 42 |
| ⏲ 5-Min | NEUTRAL | 17 |
Momentum & Volume
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.
Peer Movement
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.
Before you act on this
The questions worth asking about any verdict on this page, answered plainly.
Is a fund screened on its name?
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.
What does unrated weight mean?
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.
Does the issuer's board make it compliant?
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.
How often is this re-screened?
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.
Compare with
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 Activity (90d)
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
COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE
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 2026-11-03 · Asset managers net 928584 (+5135)
AI Summary
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.