Verdicts genuinely change. Free email alert the moment HCMSX'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.
HCM Tactical Plus Fund · NORTHERN LIGHTS FUND TRUST III
32 holdings
UNVERIFIED Only 4% of this fund's holdings matched a company we have independently screened — below the 70% floor needed to state a verdict.
32 holdings, 20 matched (4% of weight). Portfolio as of 2026-06-30, filed 2026-08-27. Source: SEC Form N-PORT.
0.95% of this portfolio’s income is non-permissible — weighted across holdings, computed over 3% of portfolio weight (15 of 32 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 |
|---|---|---|---|
| INVESCO QQQ TRUST, SERIES 1 | UNSCREENED | 18.45% | no in-house ratios for this holding |
| PROSHARES TRUST | UNSCREENED | 17.54% | no in-house ratios for this holding |
| PROSHARES TRUST | UNSCREENED | 16.62% | no in-house ratios for this holding |
| PROSHARES TRUST | UNSCREENED | 11.10% | no in-house ratios for this holding |
| VANGUARD WORLD FUND | UNSCREENED | 9.03% | no in-house ratios for this holding |
| TIDAL TRUST I | UNSCREENED | 4.88% | no in-house ratios for this holding |
| ISHARES TRUST | UNSCREENED | 4.73% | no in-house ratios for this holding |
| VANECK ETF TRUST | UNSCREENED | 4.18% | no in-house ratios for this holding |
| HCM BBH SWEEP | UNSCREENED | 3.54% | no in-house ratios for this holding |
| VANGUARD INDEX FUNDS | UNSCREENED | 3.37% | no in-house ratios for this holding |
| VANGUARD INDEX FUNDS | UNSCREENED | 3.03% | no in-house ratios for this holding |
| NVDA NVIDIA CORP | COMPLIANT | 0.80% | AAOIFI1.1% Usmani12.1% Dow Jones Islamic0.9% S&P Shariah1.1% MSCI Islamic12.1% MSCI Islamic M-Series1.1% FTSE Shariah10.4% |
| MSFT MICROSOFT CORP | QUESTIONABLE | 0.53% | AAOIFI1.5% Usmani7.5% Dow Jones Islamic1.7% S&P Shariah1.8% MSCI Islamic7.5% MSCI Islamic M-Series1.8% FTSE Shariah5.3% |
| AMD ADVANCED MICRO DEVICES INC | COMPLIANT | 0.51% | AAOIFI0.5% Usmani5.1% Dow Jones Islamic1.2% S&P Shariah1.3% MSCI Islamic5.1% MSCI Islamic M-Series1.3% FTSE Shariah3.8% |
| IBKR INTERACTIVE BROKERS GROUP INC | NON_COMPLIANT | 0.44% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| META META PLATFORMS INC | QUESTIONABLE | 0.30% | AAOIFI7.2% Usmani25.0% Dow Jones Islamic7.0% S&P Shariah7.9% MSCI Islamic25.0% MSCI Islamic M-Series7.9% FTSE Shariah18.6% |
| GOOG ALPHABET INC | QUESTIONABLE | 0.20% | AAOIFI2.9% Usmani13.1% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic12.8% MSCI Islamic M-Series4.5% FTSE Shariah10.9% |
| AMZN AMAZON.COM INC | QUESTIONABLE | 0.13% | AAOIFI8.2% Usmani22.1% Dow Jones Islamic9.6% S&P Shariah10.6% MSCI Islamic20.9% MSCI Islamic M-Series10.6% FTSE Shariah12.1% |
| AAPL APPLE INC | COMPLIANT | 0.11% | AAOIFI2.1% Usmani21.5% Dow Jones Islamic2.2% S&P Shariah2.4% MSCI Islamic21.5% MSCI Islamic M-Series2.4% FTSE Shariah21.5% |
| GOOG ALPHABET INC | QUESTIONABLE | 0.10% | AAOIFI2.9% Usmani13.1% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic12.8% MSCI Islamic M-Series4.5% FTSE Shariah10.9% |
| QCOM QUALCOMM INC | COMPLIANT | 0.08% | AAOIFI8.3% Usmani25.7% Dow Jones Islamic8.6% S&P Shariah8.7% MSCI Islamic25.7% MSCI Islamic M-Series8.7% FTSE Shariah25.7% |
| AMGN AMGEN INC | COMPLIANT | 0.07% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| TSLA TESLA INC | COMPLIANT | 0.06% | AAOIFI1.1% Usmani10.8% Dow Jones Islamic1.3% S&P Shariah1.5% MSCI Islamic10.6% MSCI Islamic M-Series1.5% FTSE Shariah6.1% |
| CF CF INDUSTRIES HOLDINGS INC | COMPLIANT | 0.05% | AAOIFI17.9% Usmani23.9% Dow Jones Islamic24.1% S&P Shariah24.7% MSCI Islamic23.9% MSCI Islamic M-Series24.7% FTSE Shariah21.3% |
| CVX CHEVRON CORP | COMPLIANT | 0.05% | AAOIFI0.1% Usmani0.1% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.1% MSCI Islamic M-Series0.1% FTSE Shariah0.1% |
| EXR EXTRA SPACE STORAGE INC | NON_COMPLIANT | 0.04% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| SPDR SERIES TRUST | UNSCREENED | 0.04% | no in-house ratios for this holding |
| AMT AMERICAN TOWER CORP | NON_COMPLIANT | 0.04% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| CRM SALESFORCE INC | COMPLIANT | 0.03% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| CCI CROWN CASTLE INC | NON_COMPLIANT | 0.03% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| PYPL PAYPAL HOLDINGS INC | NON_COMPLIANT | 0.03% | AAOIFI22.1% Usmani12.5% Dow Jones Islamic16.3% S&P Shariah16.0% MSCI Islamic12.5% MSCI Islamic M-Series16.0% FTSE Shariah11.7% |
| TEAM ATLASSIAN CORP | COMPLIANT | 0.00% | AAOIFI2.6% Usmani20.2% Dow Jones Islamic2.9% S&P Shariah2.7% MSCI Islamic20.2% MSCI Islamic M-Series2.7% FTSE Shariah16.2% |
All 7 published standards agree about this fund to within 0.4 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 2.9% ratios fail on 0.5% 96.7% not rated under AAOIFI
ratios pass on 2.9% ratios fail on 0.4% 96.7% not rated under Usmani
ratios pass on 2.8% ratios fail on 0.5% 96.8% not rated under Dow Jones Islamic
ratios pass on 2.9% ratios fail on 0.4% 96.8% not rated under S&P Shariah
ratios pass on 2.6% ratios fail on 0.4% 97.1% not rated under MSCI Islamic
ratios pass on 2.8% ratios fail on 0.5% 96.8% not rated under MSCI Islamic M-Series
ratios pass on 2.9% ratios fail on 0.4% 96.8% not rated under FTSE Shariah
19 of 32 listed holdings carry our own per-methodology verdicts (4% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 15 (3% 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.
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 |
|---|---|---|
| INVESCO QQQ TRUST, SERIES 1not matched to a ticker | 18.45% | Not screened |
| PROSHARES TRUSTnot matched to a ticker | 17.54% | Not screened |
| PROSHARES TRUSTnot matched to a ticker | 16.62% | Not screened |
| PROSHARES TRUSTnot matched to a ticker | 11.10% | Not screened |
| VANGUARD WORLD FUNDnot matched to a ticker | 9.03% | Not screened |
| TIDAL TRUST Inot matched to a ticker | 4.88% | Not screened |
| ISHARES TRUSTnot matched to a ticker | 4.73% | Not screened |
| VANECK ETF TRUSTnot matched to a ticker | 4.18% | Not screened |
| HCM BBH SWEEPnot matched to a ticker | 3.54% | Not screened |
| VANGUARD INDEX FUNDSnot matched to a ticker | 3.37% | Not screened |
Top 10 of 32 holdings, 93.4% 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 HCMSX. 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 3 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) | 59.20 | NEUTRAL |
| Stochastic %K (14) | 59.88 | NEUTRAL |
| CCI (20) | 67.47 | NEUTRAL |
| Williams %R (14) | -40.12 | NEUTRAL |
| MACD (12,26,9) | 0.07 | BUY |
| ROC (10) | 1.02 | BUY |
| Momentum (10) | 0.39 | BUY |
| EMA (10) | 38.42 | BUY |
| SMA (10) | 38.38 | BUY |
| EMA (20) | 37.93 | BUY |
| SMA (20) | 37.71 | BUY |
| EMA (30) | 37.60 | BUY |
| SMA (30) | 37.25 | BUY |
| EMA (50) | 37.17 | BUY |
| SMA (50) | 37.01 | BUY |
| EMA (100) | 36.49 | BUY |
| SMA (100) | 36.77 | BUY |
| EMA (200) | 35.42 | BUY |
| SMA (200) | 35.06 | 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.