KMCAETF / FundPLUS Korea Manufacturing Core Alliance Index ETF
Verdicts genuinely change. Free email alert the moment KMCA'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.
PLUS Korea Manufacturing Core Alliance Index ETF · Exchange Listed Funds Trust
36 holdings
NON-COMPLIANT At least 25.49% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 32% turns out to be. Matching more holdings can only raise this share, never lower it.
36 holdings, 24 matched (68% of weight). Portfolio as of 2026-08-31, filed 2026-10-29. Source: SEC Form N-PORT.
0.61% of this portfolio’s income is non-permissible — weighted across holdings, computed over 68% of portfolio weight (24 of 36 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 (36)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| 005930.KS SAMSUNG ELECTRONICS CO LTD | COMPLIANT | 6.42% | AAOIFI1.4% Usmani5.3% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.5% MSCI Islamic M-Seriespass FTSE Shariah4.5% |
| ISUPETASYS COMPANY LTD | UNSCREENED | 5.70% | no in-house ratios for this holding |
| 006400.KS SAMSUNG SDI COMPANY LTD | COMPLIANT | 5.36% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 012450.KS HANWHA AEROSPACE CO LTD | NON_COMPLIANT | 5.01% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 000660.KS SK HYNIX INC | COMPLIANT | 4.69% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| SAMSUNG ELECTRO MECHANICS | UNSCREENED | 4.41% | no in-house ratios for this holding |
| 034020.KS DOOSAN ENERBILITY CO LTD | COMPLIANT | 4.31% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 373220.KS LG ENERGY SOLUTION LTD | COMPLIANT | 3.78% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| HPSP CO LTD | UNSCREENED | 3.44% | no in-house ratios for this holding |
| 042660.KS HANWHA OCEAN CO LTD | NON_COMPLIANT | 3.18% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 329180.KS HD HYUNDAI HEAVY INDUSTRIES CO LTD | NON_COMPLIANT | 3.09% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 005380.KS HYUNDAI MOTOR COMPANY | NON_COMPLIANT | 2.95% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 267260.KS HD HYUNDAI ELECTRIC CO LTD | COMPLIANT | 2.91% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| JUSUNG ENGINEERING CO LTD | UNSCREENED | 2.90% | no in-house ratios for this holding |
| 010140.KS SAMSUNG HEAVY INDUSTRIES COMPANY LTD | NON_COMPLIANT | 2.84% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 047810.KS KOREA AEROSPACE INDUSTRIES LTD | NON_COMPLIANT | 2.83% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| RAINBOW ROBOTICS INC | UNSCREENED | 2.81% | no in-house ratios for this holding |
| WONIK IPS CO LTD | UNSCREENED | 2.73% | no in-house ratios for this holding |
| DAEDUCK ELECTRONICS CO LTD | UNSCREENED | 2.71% | no in-house ratios for this holding |
| 064350.KS HYUNDAI ROTEM COMPANY | COMPLIANT | 2.49% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| 012330.KS HYUNDAI MOBIS COMPANY LTD | COMPLIANT | 2.46% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 066970.KS L&F CO LTD | NON_COMPLIANT | 2.37% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 010120.KS LS ELECTRIC CO LTD | COMPLIANT | 2.36% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 247540.KQ ECOPRO BM CO LTD | COMPLIANT | 2.29% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| ROBOTIS CO LTD | UNSCREENED | 2.23% | no in-house ratios for this holding |
| 066570.KS LG ELECTRONICS INC | NON_COMPLIANT | 1.92% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| HANWHA VISION CO LTD | UNSCREENED | 1.51% | no in-house ratios for this holding |
| HANWHA SYSTEMS CO LTD | UNSCREENED | 1.35% | no in-house ratios for this holding |
| 079550.KS LIG DEFENSE & AEROSPACE CO LTD | NON_COMPLIANT | 1.30% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 082740.KS HANWHA ENGINE CO LTD | COMPLIANT | 1.26% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 103590.KS ILJIN ELECTRIC COMPANY LTD | COMPLIANT | 1.25% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 071970.KS HD HYUNDAI MARINE ENGINE CO LTD | COMPLIANT | 1.20% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| 298040.KS HYOSUNG HEAVY INDUSTRIES CORP | COMPLIANT | 1.15% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 089030.KQ TECHWING INC | COMPLIANT | 1.05% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| ECOPRO MATERIALS CO LTD | UNSCREENED | 0.98% | no in-house ratios for this holding |
| BBH SWEEP VEHICLE | UNSCREENED | 0.73% | no in-house ratios for this holding |
The published standards disagree about this fund by 17 points of portfolio weight — 43.0% of it passes AAOIFI, 26.3% 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 43.0% ratios fail on 25.5% 31.5% not rated under AAOIFI
ratios pass on 36.6% ratios fail on 31.9% 31.5% not rated under Usmani
ratios pass on 35.2% ratios fail on 33.3% 31.5% not rated under Dow Jones Islamic
ratios pass on 37.6% ratios fail on 30.9% 31.5% not rated under S&P Shariah
ratios pass on 26.3% ratios fail on 42.2% 31.5% not rated under MSCI Islamic
ratios pass on 35.2% ratios fail on 33.3% 31.5% not rated under MSCI Islamic M-Series
ratios pass on 34.1% ratios fail on 34.4% 31.5% not rated under FTSE Shariah
24 of 36 listed holdings carry our own per-methodology verdicts (68% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 1 (6% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| 012450.KS HANWHA AEROSPACE CO LTD | 5.01% |
| 042660.KS HANWHA OCEAN CO LTD | 3.18% |
| 329180.KS HD HYUNDAI HEAVY INDUSTRIES CO LTD | 3.09% |
| 005380.KS HYUNDAI MOTOR COMPANY | 2.95% |
| 010140.KS SAMSUNG HEAVY INDUSTRIES COMPANY LTD | 2.84% |
| 047810.KS KOREA AEROSPACE INDUSTRIES LTD | 2.83% |
| 066970.KS L&F CO LTD | 2.37% |
| 066570.KS LG ELECTRONICS INC | 1.92% |
| 079550.KS LIG DEFENSE & AEROSPACE CO LTD | 1.30% |
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.
PLUS Korea Manufacturing Core Alliance Index ETF (KMCA) 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.
Still fetching analyst coverage — it ran past this page's budget, so the page painted without waiting. The fetch is still running; reload in a moment and it will be here.
🕌 In-house Compliance Research
Computing the full ratio and business-activity breakdown for KMCA — 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.
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) | 28.00 | BUY |
| Stochastic %K (14) | 2.58 | BUY |
| CCI (20) | -214.49 | BUY |
| Williams %R (14) | -97.42 | BUY |
| MACD (12,26,9) | -0.24 | SELL |
| ROC (10) | -15.27 | SELL |
| Momentum (10) | -2.46 | SELL |
| EMA (10) | 15.51 | SELL |
| SMA (10) | 15.86 | SELL |
| EMA (20) | 16.49 | SELL |
| SMA (20) | 16.49 | SELL |
| EMA (30) | 17.13 | SELL |
| SMA (30) | 17.80 | SELL |
| EMA (50) | 17.89 | SELL |
| SMA (50) | 18.62 | SELL |
| EMA (100) | 18.88 | SELL |
| SMA (100) | 18.78 | SELL |
| EMA (200) | 19.51 | SELL |
About PLUS Korea Manufacturing Core Alliance Index ETF
The fund normally invests in securities comprising the index. under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in securities comprising the index. It is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
No real edge — avoid
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 | 43 |
| ⏱ 15-Min | BEARISH | 28 |
| ⏲ 5-Min | BEARISH | 86 |
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.