Verdicts genuinely change. Free email alert the moment HDCTX'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.
Rational Equity Armor Fund · Mutual Fund & Variable Insurance Trust
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 105% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
UNVERIFIED 6% of this fund's gross exposure is short across 7 positions. Our look-through asks what a fund owns and whether owning it is permissible; a short position is not ownership but an obligation to deliver something the fund does not hold, so a verdict computed as though this were a long-only portfolio would not describe it. The holdings are listed below, with the short positions marked.
59 holdings, 35 matched (51% of weight). Portfolio as of 2026-06-30, filed 2026-08-28. Source: SEC Form N-PORT.
1.28% of this portfolio’s income is non-permissible — weighted across holdings, computed over 40% of portfolio weight (28 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 |
|---|---|---|---|
| FIRST AMERICAN FUNDS INC | UNSCREENED | 7.26% | no in-house ratios for this holding |
| OPTION ISSUER | UNSCREENED | 6.31% | no in-house ratios for this holding |
| GOOG ALPHABET INC | QUESTIONABLE | 4.95% | AAOIFI2.9% Usmani13.1% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic12.8% MSCI Islamic M-Series4.5% FTSE Shariah10.9% |
| VANGUARD INDEX FUNDS | UNSCREENED | 4.94% | no in-house ratios for this holding |
| SPDR S&P 500 ETF TRUST | UNSCREENED | 4.92% | no in-house ratios for this holding |
| OPTION ISSUER | UNSCREENED | 4.62% | no in-house ratios for this holding |
| BRK.B BERKSHIRE HATHAWAY INC | NON_COMPLIANT | 4.23% | no in-house ratios for this holding |
| ISHARES TRUST | UNSCREENED | 4.22% | no in-house ratios for this holding |
| JP MORGAN CHASE & COMPANY | UNSCREENED | 2.88% | no in-house ratios for this holding |
| LLY ELI LILLY & COMPANY | COMPLIANT | 2.83% | AAOIFI5.2% Usmani38.6% Dow Jones Islamic6.4% S&P Shariah6.9% MSCI Islamic38.6% MSCI Islamic M-Series6.9% FTSE Shariah38.6% |
| SPDR SERIES TRUST | UNSCREENED | 2.80% | no in-house ratios for this holding |
| ISHARES INC | UNSCREENED | 2.52% | no in-house ratios for this holding |
| XOM EXXON MOBIL CORP | COMPLIANT | 2.51% | AAOIFI6.5% Usmani9.1% Dow Jones Islamic8.5% S&P Shariah9.0% MSCI Islamic9.1% MSCI Islamic M-Series9.0% FTSE Shariah9.1% |
| TWO ROADS SHARED TRUST | UNSCREENED | 2.10% | no in-house ratios for this holding |
| AMZN AMAZON.COM INC | QUESTIONABLE | 1.78% | AAOIFI8.2% Usmani22.1% Dow Jones Islamic9.6% S&P Shariah10.6% MSCI Islamic20.9% MSCI Islamic M-Series10.6% FTSE Shariah12.1% |
| TSM TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD | COMPLIANT | 1.78% | AAOIFI1.5% Usmani13.8% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic13.4% MSCI Islamic M-Series0.6% FTSE Shariah13.4% |
| DE DEERE & COMPANY | NON_COMPLIANT | 1.72% | AAOIFI9.1% Usmani15.9% Dow Jones Islamic12.7% S&P Shariah13.8% MSCI Islamic15.9% MSCI Islamic M-Series13.8% FTSE Shariah15.9% |
| ISHARES TRUST | UNSCREENED | 1.72% | no in-house ratios for this holding |
| GS GOLDMAN SACHS GROUP INC (THE) | NON_COMPLIANT | 1.68% | AAOIFI147.5% Usmani20.6% Dow Jones Islamic194.6% S&P Shariah229.2% MSCI Islamic20.6% MSCI Islamic M-Series229.2% FTSE Shariah20.6% |
| ABBV ABBVIE INC | COMPLIANT | 1.68% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| WMT WALMART INC | QUESTIONABLE | 1.68% | AAOIFI6.4% Usmani21.5% Dow Jones Islamic6.9% S&P Shariah8.0% MSCI Islamic19.2% MSCI Islamic M-Series8.0% FTSE Shariah13.6% |
| SELECT SECTOR SPDR TRUST (THE) | UNSCREENED | 1.67% | no in-house ratios for this holding |
| CVX CHEVRON CORP | COMPLIANT | 1.67% | AAOIFI0.1% Usmani0.1% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.1% MSCI Islamic M-Series0.1% FTSE Shariah0.1% |
| NVDA NVIDIA CORP | COMPLIANT | 1.64% | AAOIFI1.1% Usmani12.1% Dow Jones Islamic0.9% S&P Shariah1.1% MSCI Islamic12.1% MSCI Islamic M-Series1.1% FTSE Shariah10.4% |
| AVGO BROADCOM INC | COMPLIANT | 1.52% | AAOIFI3.8% Usmani32.5% Dow Jones Islamic4.4% S&P Shariah5.5% MSCI Islamic32.5% MSCI Islamic M-Series5.5% FTSE Shariah32.5% |
| VRT VERTIV HOLDINGS COMPANY | COMPLIANT | 1.41% | AAOIFI3.2% Usmani19.0% Dow Jones Islamic4.5% S&P Shariah5.7% MSCI Islamic19.0% MSCI Islamic M-Series5.7% FTSE Shariah18.5% |
| AMD ADVANCED MICRO DEVICES INC | COMPLIANT | 1.40% | AAOIFI0.5% Usmani5.1% Dow Jones Islamic1.2% S&P Shariah1.3% MSCI Islamic5.1% MSCI Islamic M-Series1.3% FTSE Shariah3.8% |
| SMCI SUPER MICRO COMPUTER INC | NON_COMPLIANT | 1.36% | AAOIFI17.4% Usmani15.3% Dow Jones Islamic20.6% S&P Shariah17.5% MSCI Islamic15.3% MSCI Islamic M-Series17.5% FTSE Shariah13.5% |
| MOD MODINE MANUFACTURING COMPANY | COMPLIANT | 1.36% | AAOIFI6.1% Usmani22.5% Dow Jones Islamic7.8% S&P Shariah9.3% MSCI Islamic22.4% MSCI Islamic M-Series9.3% FTSE Shariah17.3% |
| ANET ARISTA NETWORKS INC | COMPLIANT | 1.34% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| CAT CATERPILLAR INC | COMPLIANT | 1.34% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| GLOBAL X FUNDS | UNSCREENED | 1.32% | no in-house ratios for this holding |
| MSFT MICROSOFT CORP | QUESTIONABLE | 1.31% | AAOIFI1.5% Usmani7.5% Dow Jones Islamic1.7% S&P Shariah1.8% MSCI Islamic7.5% MSCI Islamic M-Series1.8% FTSE Shariah5.3% |
| HSBA.L HSBC HOLDINGS PLC | NON_COMPLIANT | 1.30% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NSC NORFOLK SOUTHERN CORP | COMPLIANT | 1.29% | AAOIFI22.6% Usmani36.8% Dow Jones Islamic27.1% S&P Shariah29.0% MSCI Islamic36.8% MSCI Islamic M-Series29.0% FTSE Shariah36.8% |
| NVS NOVARTIS AG | COMPLIANT | 1.29% | AAOIFI12.5% Usmani25.9% Dow Jones Islamic11.8% S&P Shariah12.6% MSCI Islamic25.9% MSCI Islamic M-Series12.6% FTSE Shariah25.9% |
| UNH UNITEDHEALTH GROUP INC | NON_COMPLIANT | 1.29% | AAOIFI20.4% Usmani23.7% Dow Jones Islamic20.4% S&P Shariah18.8% MSCI Islamic23.7% MSCI Islamic M-Series18.8% FTSE Shariah23.7% |
| SELECT SECTOR SPDR TRUST (THE) | UNSCREENED | 1.28% | no in-house ratios for this holding |
| FANG DIAMONDBACK ENERGY INC | COMPLIANT | 1.26% | AAOIFI22.6% Usmani18.0% Dow Jones Islamic28.3% S&P Shariah31.9% MSCI Islamic18.0% MSCI Islamic M-Series31.9% FTSE Shariah18.0% |
| DLR DIGITAL REALTY TRUST INC | COMPLIANT | 1.22% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| VANECK ETF TRUST | UNSCREENED | 0.84% | no in-house ratios for this holding |
| ETN EATON CORP PLC | COMPLIANT | 0.83% | AAOIFI13.4% Usmani38.0% Dow Jones Islamic15.6% S&P Shariah16.9% MSCI Islamic38.0% MSCI Islamic M-Series16.9% FTSE Shariah36.7% |
| AAPL APPLE INC | COMPLIANT | 0.82% | AAOIFI2.1% Usmani21.5% Dow Jones Islamic2.2% S&P Shariah2.4% MSCI Islamic21.5% MSCI Islamic M-Series2.4% FTSE Shariah21.5% |
| PANW PALO ALTO NETWORKS INC | COMPLIANT | 0.82% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| CTVA CORTEVA INC | COMPLIANT | 0.81% | AAOIFI2.9% Usmani4.0% Dow Jones Islamic3.6% S&P Shariah3.9% MSCI Islamic4.0% MSCI Islamic M-Series3.9% FTSE Shariah4.0% |
| MU MICRON TECHNOLOGY INC | COMPLIANT | 0.81% | AAOIFI0.6% Usmani6.7% Dow Jones Islamic1.8% S&P Shariah2.4% MSCI Islamic4.8% MSCI Islamic M-Series2.4% FTSE Shariah4.3% |
| IBM INTERNATIONAL BUSINESS MACHINES CORP | COMPLIANT | 0.81% | AAOIFI29.5% Usmani42.9% Dow Jones Islamic28.2% S&P Shariah32.2% MSCI Islamic42.9% MSCI Islamic M-Series32.2% FTSE Shariah40.8% |
| GLW CORNING INC | COMPLIANT | 0.80% | AAOIFI7.0% Usmani32.5% Dow Jones Islamic12.8% S&P Shariah16.4% MSCI Islamic31.8% MSCI Islamic M-Series16.4% FTSE Shariah28.7% |
| OPTION ISSUER | UNSCREENED | 0.62% | no in-house ratios for this holding |
| SNDK SANDISK CORP | COMPLIANT | 0.59% | AAOIFI0.1% Usmani0.9% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic0.9% MSCI Islamic M-Seriespass FTSE Shariah0.0% |
| WMB WILLIAMS COMPANIES INC (THE) | NON_COMPLIANT | 0.40% | AAOIFI35.0% Usmani50.0% Dow Jones Islamic41.0% S&P Shariah47.9% MSCI Islamic50.0% MSCI Islamic M-Series47.9% FTSE Shariah50.0% |
| SELECT SECTOR SPDR TRUST (THE) | UNSCREENED | 0.39% | no in-house ratios for this holding |
| CHICAGO MERCANTILE EXCHANGE | UNSCREENED | 0.26% | no in-house ratios for this holding |
| CBOE FUTURES EXCHANGE | UNSCREENED | 0.24% | no in-house ratios for this holding |
| OPTION ISSUER | UNSCREENED | 0.22% | no in-house ratios for this holding |
| OPTION ISSUER | UNSCREENED | 0.09% | no in-house ratios for this holding |
| CBOE FUTURES EXCHANGE | UNSCREENED | 0.07% | no in-house ratios for this holding |
| OPTION ISSUER | UNSCREENED | 0.00% | no in-house ratios for this holding |
| OPTION ISSUER | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 20 points of portfolio weight — 39.5% of it passes AAOIFI, 19.0% passes MSCI Islamic. 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 39.5% ratios fail on 5.1% 60.2% not rated under AAOIFI
ratios pass on 30.3% ratios fail on 14.3% 60.2% not rated under Usmani
ratios pass on 36.8% ratios fail on 5.1% 62.9% not rated under Dow Jones Islamic
ratios pass on 38.2% ratios fail on 5.1% 61.5% not rated under S&P Shariah
ratios pass on 19.0% ratios fail on 18.0% 67.8% not rated under MSCI Islamic
ratios pass on 36.8% ratios fail on 5.1% 62.9% not rated under MSCI Islamic M-Series
ratios pass on 28.2% ratios fail on 15.1% 61.5% not rated under FTSE Shariah
34 of 59 listed holdings carry our own per-methodology verdicts (49% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 29 (43% 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 |
|---|---|---|
| FIRST AMERICAN FUNDS INCnot matched to a ticker | 7.26% | Not screened |
| OPTION ISSUERnot matched to a ticker | 6.31% | Not screened |
| GOOGALPHABET INC | 4.95% | Questionable |
| VANGUARD INDEX FUNDSnot matched to a ticker | 4.94% | Not screened |
| SPDR S&P 500 ETF TRUSTnot matched to a ticker | 4.92% | Not screened |
| OPTION ISSUERnot matched to a ticker · short | 4.62% | Not screened |
| BRK.BBERKSHIRE HATHAWAY INC | 4.23% | Non-compliant |
| ISHARES TRUSTnot matched to a ticker | 4.22% | Not screened |
| JP MORGAN CHASE & COMPANYnot matched to a ticker | 2.88% | Not screened |
| LLYELI LILLY & COMPANY | 2.83% | Compliant |
Top 10 of 59 holdings, 47.1% 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 HDCTX. 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) | 51.40 | NEUTRAL |
| Stochastic %K (14) | 68.42 | NEUTRAL |
| CCI (20) | 57.73 | NEUTRAL |
| Williams %R (14) | -31.58 | NEUTRAL |
| MACD (12,26,9) | 0.01 | BUY |
| ROC (10) | 0.86 | BUY |
| Momentum (10) | 0.10 | BUY |
| EMA (10) | 11.66 | BUY |
| SMA (10) | 11.65 | BUY |
| EMA (20) | 11.65 | BUY |
| SMA (20) | 11.63 | BUY |
| EMA (30) | 11.66 | BUY |
| SMA (30) | 11.63 | BUY |
| EMA (50) | 11.66 | BUY |
| SMA (50) | 11.73 | SELL |
| EMA (100) | 11.61 | BUY |
| SMA (100) | 11.70 | SELL |
| EMA (200) | 11.39 | BUY |
| SMA (200) | 11.36 | 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.