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NTBAX

ETF / Fund Navigator Tactical Fixed Income Fund
$9.67
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Sharia status
NOT COMPLIANT
Screened by look-through to its filed holdings — 67% of portfolio weight covered
Fund look-through

Navigator Tactical Fixed Income Fund · Northern Lights Fund Trust

133 holdings · as of 2026-07-31 (1.6 months ago)

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 101% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.

NON-COMPLIANT At least 57.30% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 34% turns out to be. Matching more holdings can only raise this share, never lower it.

39.81% of that is conventional interest-bearing debt — US Treasuries or agency mortgage paper — 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.

133 holdings, 80 matched (67% of weight). Portfolio as of 2026-07-31, filed 2026-09-04. Source: SEC Form N-PORT.

1.35% of this portfolio’s income is non-permissible — weighted across holdings, computed over 20% of portfolio weight (52 of 133 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 (133)
HoldingStatusWeightEvery methodology, and the debt ratio behind it
ISHARES TRUST UNSCREENED 10.02% no in-house ratios for this holding
DREYFUS TREASURY OBLIGATIONS CASH MANAGEMENT NON_COMPLIANT 6.41% no in-house ratios for this holding
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT NON_COMPLIANT 4.17% no in-house ratios for this holding
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT NON_COMPLIANT 2.10% no in-house ratios for this holding
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT NON_COMPLIANT 2.10% no in-house ratios for this holding
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT NON_COMPLIANT 2.10% no in-house ratios for this holding
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT NON_COMPLIANT 2.10% no in-house ratios for this holding
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT NON_COMPLIANT 2.09% no in-house ratios for this holding
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT NON_COMPLIANT 2.09% no in-house ratios for this holding
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT NON_COMPLIANT 2.09% no in-house ratios for this holding
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT NON_COMPLIANT 2.09% no in-house ratios for this holding
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT NON_COMPLIANT 2.09% no in-house ratios for this holding
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT NON_COMPLIANT 2.09% no in-house ratios for this holding
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT NON_COMPLIANT 2.09% no in-house ratios for this holding
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT NON_COMPLIANT 2.08% no in-house ratios for this holding
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT NON_COMPLIANT 2.08% no in-house ratios for this holding
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT NON_COMPLIANT 2.05% no in-house ratios for this holding
CDX.NA.HY SERIES 46 UNSCREENED 1.84% no in-house ratios for this holding
JP MORGAN CHASE & COMPANY UNSCREENED 1.38% no in-house ratios for this holding
AMZN AMAZON.COM INC QUESTIONABLE 1.38% AAOIFI8.2% Usmani22.1% Dow Jones Islamic9.6% S&P Shariah10.6% MSCI Islamic20.9% MSCI Islamic M-Series10.6% FTSE Shariah12.1%
WFC WELLS FARGO & COMPANY NON_COMPLIANT 1.34% AAOIFI80.2% Usmani9.1% Dow Jones Islamic84.8% S&P Shariah93.9% MSCI Islamic9.1% MSCI Islamic M-Series93.9% FTSE Shariah9.1%
ET ENERGY TRANSFER LP NON_COMPLIANT 1.10% AAOIFI94.8% Usmani47.4% Dow Jones Islamic120.8% S&P Shariah134.5% MSCI Islamic47.4% MSCI Islamic M-Series134.5% FTSE Shariah46.2%
NORTHERN LIGHTS FUND TRUST UNSCREENED 1.08% no in-house ratios for this holding
MORGAN STANLEY BANK NA UNSCREENED 0.96% no in-house ratios for this holding
CAH CARDINAL HEALTH INC COMPLIANT 0.92% AAOIFI17.8% Usmani17.7% Dow Jones Islamic24.8% S&P Shariah28.7% MSCI Islamic17.4% MSCI Islamic M-Series28.7% FTSE Shariah15.5%
BA BOEING COMPANY (THE) NON_COMPLIANT 0.90% AAOIFI30.1% Usmani30.2% Dow Jones Islamic33.6% S&P Shariah36.0% MSCI Islamic30.2% MSCI Islamic M-Series36.0% FTSE Shariah30.2%
BAC BANK OF AMERICA CORP NON_COMPLIANT 0.87% AAOIFI77.5% Usmani9.7% Dow Jones Islamic95.9% S&P Shariah105.7% MSCI Islamic9.7% MSCI Islamic M-Series105.7% FTSE Shariah9.7%
WAB WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP COMPLIANT 0.86% AAOIFI13.3% Usmani28.4% Dow Jones Islamic17.8% S&P Shariah20.1% MSCI Islamic28.4% MSCI Islamic M-Series20.1% FTSE Shariah28.4%
FORD MOTOR CREDIT COMPANY LLC UNSCREENED 0.84% no in-house ratios for this holding
CITIBANK NA UNSCREENED 0.82% no in-house ratios for this holding
MO ALTRIA GROUP INC NON_COMPLIANT 0.81% AAOIFI21.4% Usmani73.6% Dow Jones Islamic25.3% S&P Shariah28.5% MSCI Islamic73.6% MSCI Islamic M-Series28.5% FTSE Shariah73.6%
NORTHERN LIGHTS FUND TRUST UNSCREENED 0.81% no in-house ratios for this holding
KDP KEURIG DR PEPPER INC NON_COMPLIANT 0.81% AAOIFI58.6% Usmani30.8% Dow Jones Islamic63.3% S&P Shariah63.1% MSCI Islamic29.6% MSCI Islamic M-Series63.1% FTSE Shariah28.3%
WDAY WORKDAY INC COMPLIANT 0.77% AAOIFI8.4% Usmani23.8% Dow Jones Islamic8.1% S&P Shariah7.7% MSCI Islamic23.8% MSCI Islamic M-Series7.7% FTSE Shariah18.8%
CDX.NA.HY SERIES 45 UNSCREENED 0.75% no in-house ratios for this holding
UHS UNIVERSAL HEALTH SERVICES INC NON_COMPLIANT 0.75% AAOIFI52.8% Usmani33.0% Dow Jones Islamic45.9% S&P Shariah48.2% MSCI Islamic33.0% MSCI Islamic M-Series48.2% FTSE Shariah30.4%
WFC WELLS FARGO & COMPANY NON_COMPLIANT 0.74% AAOIFI80.2% Usmani9.1% Dow Jones Islamic84.8% S&P Shariah93.9% MSCI Islamic9.1% MSCI Islamic M-Series93.9% FTSE Shariah9.1%
APH AMPHENOL CORP NON_COMPLIANT 0.70% AAOIFI Usmani Dow Jones Islamic S&P Shariah MSCI Islamic MSCI Islamic M-Series FTSE Shariah
TOYOTA MOTOR CREDIT CORP UNSCREENED 0.70% no in-house ratios for this holding
SNX TD SYNNEX CORP COMPLIANT 0.69% AAOIFI22.5% Usmani12.3% Dow Jones Islamic36.1% S&P Shariah39.8% MSCI Islamic12.3% MSCI Islamic M-Series39.8% FTSE Shariah12.3%
LLY ELI LILLY & COMPANY COMPLIANT 0.67% AAOIFI5.2% Usmani38.6% Dow Jones Islamic6.4% S&P Shariah6.9% MSCI Islamic38.6% MSCI Islamic M-Series6.9% FTSE Shariah38.6%
GLAXOSMITHKLINE CAPITAL PLC UNSCREENED 0.67% no in-house ratios for this holding
NATIONAL SECURITIES CLEARING CORP USA UNSCREENED 0.67% no in-house ratios for this holding
MA MASTERCARD INC COMPLIANT 0.67% AAOIFI4.9% Usmani42.7% Dow Jones Islamic37.5% S&P Shariah40.1% MSCI Islamic42.7% MSCI Islamic M-Series40.1% FTSE Shariah42.7%
AMERICAN HONDA FINANCE CORP UNSCREENED 0.67% no in-house ratios for this holding
FORD MOTOR CREDIT COMPANY LLC UNSCREENED 0.60% no in-house ratios for this holding
HYUNDAI CAPITAL AMERICA UNSCREENED 0.59% no in-house ratios for this holding
DRI DARDEN RESTAURANTS INC NON_COMPLIANT 0.58% AAOIFI25.3% Usmani62.3% Dow Jones Islamic28.6% S&P Shariah30.9% MSCI Islamic48.7% MSCI Islamic M-Series30.9% FTSE Shariah18.1%
VLTO VERALTO CORP COMPLIANT 0.57% AAOIFI12.4% Usmani37.5% Dow Jones Islamic11.8% S&P Shariah12.2% MSCI Islamic37.5% MSCI Islamic M-Series12.2% FTSE Shariah34.8%
JOHN DEERE CAPITAL CORP UNSCREENED 0.56% no in-house ratios for this holding
WFC WELLS FARGO & COMPANY NON_COMPLIANT 0.56% AAOIFI80.2% Usmani9.1% Dow Jones Islamic84.8% S&P Shariah93.9% MSCI Islamic9.1% MSCI Islamic M-Series93.9% FTSE Shariah9.1%
CATERPILLAR FINANCIAL SERVICES CORP UNSCREENED 0.56% no in-house ratios for this holding
FORD MOTOR CREDIT COMPANY LLC UNSCREENED 0.55% no in-house ratios for this holding
ETR ENTERGY CORP NON_COMPLIANT 0.54% AAOIFI65.8% Usmani43.6% Dow Jones Islamic83.2% S&P Shariah99.2% MSCI Islamic43.5% MSCI Islamic M-Series99.2% FTSE Shariah43.1%
MERCEDES-BENZ FINANCE NORTH AMERICA LLC UNSCREENED 0.53% no in-house ratios for this holding
TOYOTA MOTOR CREDIT CORP UNSCREENED 0.53% no in-house ratios for this holding
COOPERATIEVE RABOBANK UA NEW YORK BRANCH UNSCREENED 0.53% no in-house ratios for this holding
TSN TYSON FOODS INC NON_COMPLIANT 0.52% AAOIFI45.2% Usmani22.5% Dow Jones Islamic40.2% S&P Shariah41.7% MSCI Islamic22.5% MSCI Islamic M-Series41.7% FTSE Shariah22.5%
GENERAL MOTORS FINANCIAL COMPANY INC UNSCREENED 0.51% no in-house ratios for this holding
JP MORGAN CHASE & COMPANY UNSCREENED 0.49% no in-house ratios for this holding
BMW US CAPITAL LLC UNSCREENED 0.49% no in-house ratios for this holding
CHEVRON USA INC UNSCREENED 0.49% no in-house ratios for this holding
ABBV ABBVIE INC COMPLIANT 0.48% AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail
BAC BANK OF AMERICA CORP NON_COMPLIANT 0.46% AAOIFI77.5% Usmani9.7% Dow Jones Islamic95.9% S&P Shariah105.7% MSCI Islamic9.7% MSCI Islamic M-Series105.7% FTSE Shariah9.7%
TTWO TAKE-TWO INTERACTIVE SOFTWARE INC QUESTIONABLE 0.46% AAOIFI7.4% Usmani32.6% Dow Jones Islamic7.5% S&P Shariah8.5% MSCI Islamic32.6% MSCI Islamic M-Series8.5% FTSE Shariah27.9%
VOLKSWAGEN GROUP OF AMERICA FINANCE LLC UNSCREENED 0.42% no in-house ratios for this holding
MS MORGAN STANLEY NON_COMPLIANT 0.41% AAOIFI115.6% Usmani23.4% Dow Jones Islamic161.6% S&P Shariah189.1% MSCI Islamic23.4% MSCI Islamic M-Series189.1% FTSE Shariah23.4%
PFE PFIZER INC NON_COMPLIANT 0.41% AAOIFI39.8% Usmani31.4% Dow Jones Islamic46.1% S&P Shariah45.9% MSCI Islamic31.4% MSCI Islamic M-Series45.9% FTSE Shariah31.4%
F FORD MOTOR CO NON_COMPLIANT 0.41% AAOIFI4.1% Usmani1.2% Dow Jones Islamic5.7% S&P Shariah5.9% MSCI Islamic0.8% MSCI Islamic M-Series5.9% FTSE Shariah0.0%
NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP UNSCREENED 0.39% no in-house ratios for this holding
CITIBANK NA UNSCREENED 0.39% no in-house ratios for this holding
MRK MERCK & COMPANY INC COMPLIANT 0.39% AAOIFI14.7% Usmani41.5% Dow Jones Islamic21.8% S&P Shariah20.9% MSCI Islamic41.5% MSCI Islamic M-Series20.9% FTSE Shariah41.5%
FE FIRSTENERGY CORP NON_COMPLIANT 0.38% AAOIFI101.8% Usmani48.1% Dow Jones Islamic111.3% S&P Shariah119.2% MSCI Islamic48.0% MSCI Islamic M-Series119.2% FTSE Shariah47.5%
HCA INC UNSCREENED 0.38% no in-house ratios for this holding
MAR MARRIOTT INTERNATIONAL INC NON_COMPLIANT 0.37% AAOIFI1.6% Usmani4.8% Dow Jones Islamic1.7% S&P Shariah1.8% MSCI Islamic4.8% MSCI Islamic M-Series1.8% FTSE Shariah1.7%
OKE ONEOK INC NON_COMPLIANT 0.37% 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 0.35% AAOIFI42.8% Usmani60.3% Dow Jones Islamic52.4% S&P Shariah59.3% MSCI Islamic60.3% MSCI Islamic M-Series59.3% FTSE Shariah59.7%
CM.TO CANADIAN IMPERIAL BANK OF COMMERCE NON_COMPLIANT 0.35% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
AMERICAN HONDA FINANCE CORP UNSCREENED 0.35% no in-house ratios for this holding
JEF JEFFERIES FINANCIAL GROUP INC NON_COMPLIANT 0.34% AAOIFI155.4% Usmani25.1% Dow Jones Islamic171.6% S&P Shariah188.8% MSCI Islamic25.1% MSCI Islamic M-Series188.8% FTSE Shariah25.1%
VOLKSWAGEN GROUP OF AMERICA FINANCE LLC UNSCREENED 0.33% no in-house ratios for this holding
HPE HEWLETT PACKARD ENTERPRISE COMPANY NON_COMPLIANT 0.32% AAOIFI29.3% Usmani24.2% Dow Jones Islamic61.2% S&P Shariah69.5% MSCI Islamic24.2% MSCI Islamic M-Series69.5% FTSE Shariah24.2%
AMERICAN HONDA FINANCE CORP UNSCREENED 0.32% no in-house ratios for this holding
KMI KINDER MORGAN INC NON_COMPLIANT 0.30% AAOIFI46.1% Usmani43.5% Dow Jones Islamic53.0% S&P Shariah61.2% MSCI Islamic43.5% MSCI Islamic M-Series61.2% FTSE Shariah43.5%
DTE DTE ENERGY COMPANY NON_COMPLIANT 0.30% AAOIFI90.3% Usmani46.4% Dow Jones Islamic93.7% S&P Shariah101.8% MSCI Islamic46.4% MSCI Islamic M-Series101.8% FTSE Shariah45.9%
AMGN AMGEN INC COMPLIANT 0.30% AAOIFI Usmani Dow Jones Islamic S&P Shariah MSCI Islamic MSCI Islamic M-Series FTSE Shariah
BA BOEING COMPANY (THE) NON_COMPLIANT 0.30% AAOIFI30.1% Usmani30.2% Dow Jones Islamic33.6% S&P Shariah36.0% MSCI Islamic30.2% MSCI Islamic M-Series36.0% FTSE Shariah30.2%
TOYOTA MOTOR CREDIT CORP UNSCREENED 0.29% no in-house ratios for this holding
O'REILLY AUTOMOTIVE INC UNSCREENED 0.29% no in-house ratios for this holding
BMW US CAPITAL LLC UNSCREENED 0.28% no in-house ratios for this holding
JP MORGAN CHASE & COMPANY UNSCREENED 0.28% no in-house ratios for this holding
BRO BROWN & BROWN INC NON_COMPLIANT 0.28% AAOIFI33.8% Usmani27.0% Dow Jones Islamic29.0% S&P Shariah30.8% MSCI Islamic27.0% MSCI Islamic M-Series30.8% FTSE Shariah26.0%
CBA.AX COMMONWEALTH BANK OF AUSTRALIA NON_COMPLIANT 0.28% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
JEF JEFFERIES FINANCIAL GROUP INC NON_COMPLIANT 0.28% AAOIFI155.4% Usmani25.1% Dow Jones Islamic171.6% S&P Shariah188.8% MSCI Islamic25.1% MSCI Islamic M-Series188.8% FTSE Shariah25.1%
GEORGIA POWER COMPANY UNSCREENED 0.25% no in-house ratios for this holding
MERCEDES-BENZ FINANCE NORTH AMERICA LLC UNSCREENED 0.25% no in-house ratios for this holding
AXP AMERICAN EXPRESS COMPANY NON_COMPLIANT 0.25% AAOIFI26.8% Usmani19.2% Dow Jones Islamic27.4% S&P Shariah30.8% MSCI Islamic19.2% MSCI Islamic M-Series30.8% FTSE Shariah19.2%
CAH CARDINAL HEALTH INC COMPLIANT 0.25% AAOIFI17.8% Usmani17.7% Dow Jones Islamic24.8% S&P Shariah28.7% MSCI Islamic17.4% MSCI Islamic M-Series28.7% FTSE Shariah15.5%
JP MORGAN CHASE & COMPANY UNSCREENED 0.25% no in-house ratios for this holding
Chicago Board of Trade UNSCREENED 0.23% no in-house ratios for this holding
RTX RTX CORP NON_COMPLIANT 0.22% AAOIFI12.5% Usmani19.3% Dow Jones Islamic15.9% S&P Shariah18.5% MSCI Islamic19.3% MSCI Islamic M-Series18.5% FTSE Shariah18.4%
IR INGERSOLL RAND INC COMPLIANT 0.22% AAOIFI14.2% Usmani22.7% Dow Jones Islamic12.3% S&P Shariah12.3% MSCI Islamic22.7% MSCI Islamic M-Series12.3% FTSE Shariah22.4%
BMW US CAPITAL LLC UNSCREENED 0.21% no in-house ratios for this holding
BIO BIO-RAD LABORATORIES INC COMPLIANT 0.20% AAOIFI9.3% Usmani9.5% Dow Jones Islamic11.8% S&P Shariah11.6% MSCI Islamic9.5% MSCI Islamic M-Series11.6% FTSE Shariah7.8%
B.A.T CAPITAL CORP UNSCREENED 0.20% no in-house ratios for this holding
WFC WELLS FARGO & COMPANY NON_COMPLIANT 0.19% AAOIFI80.2% Usmani9.1% Dow Jones Islamic84.8% S&P Shariah93.9% MSCI Islamic9.1% MSCI Islamic M-Series93.9% FTSE Shariah9.1%
CHEVRON USA INC UNSCREENED 0.19% no in-house ratios for this holding
KEYS KEYSIGHT TECHNOLOGIES INC COMPLIANT 0.18% AAOIFI4.8% Usmani23.0% Dow Jones Islamic7.5% S&P Shariah8.4% MSCI Islamic23.0% MSCI Islamic M-Series8.4% FTSE Shariah21.1%
LOW LOWE'S COMPANIES INC NON_COMPLIANT 0.16% AAOIFI35.6% Usmani71.7% Dow Jones Islamic30.1% S&P Shariah31.0% MSCI Islamic71.7% MSCI Islamic M-Series31.0% FTSE Shariah63.7%
RPM RPM INTERNATIONAL INC COMPLIANT 0.15% AAOIFI21.9% Usmani35.3% Dow Jones Islamic20.5% S&P Shariah21.0% MSCI Islamic35.3% MSCI Islamic M-Series21.0% FTSE Shariah30.4%
B.A.T CAPITAL CORP UNSCREENED 0.14% no in-house ratios for this holding
TMUS T-MOBILE USA INC NON_COMPLIANT 0.14% AAOIFI18.0% Usmani17.5% Dow Jones Islamic14.6% S&P Shariah15.9% MSCI Islamic16.5% MSCI Islamic M-Series15.9% FTSE Shariah2.9%
JP MORGAN CHASE & COMPANY UNSCREENED 0.14% no in-house ratios for this holding
DVN DEVON ENERGY CORP COMPLIANT 0.12% AAOIFI22.3% Usmani16.8% Dow Jones Islamic46.9% S&P Shariah45.5% MSCI Islamic16.7% MSCI Islamic M-Series45.5% FTSE Shariah16.1%
MORGAN STANLEY BANK NA UNSCREENED 0.10% no in-house ratios for this holding
TC PIPELINES LP UNSCREENED 0.09% no in-house ratios for this holding
JBL JABIL INC COMPLIANT 0.09% AAOIFI11.7% Usmani16.3% Dow Jones Islamic16.6% S&P Shariah18.9% MSCI Islamic16.3% MSCI Islamic M-Series18.9% FTSE Shariah14.2%
CONAGRA BRANDS INC UNSCREENED 0.08% no in-house ratios for this holding
BDX BECTON DICKINSON & COMPANY NON_COMPLIANT 0.08% AAOIFI33.4% Usmani33.1% Dow Jones Islamic30.8% S&P Shariah28.7% MSCI Islamic33.1% MSCI Islamic M-Series28.7% FTSE Shariah33.1%
WMB WILLIAMS COMPANIES INC (THE) NON_COMPLIANT 0.08% AAOIFI35.0% Usmani50.0% Dow Jones Islamic41.0% S&P Shariah47.9% MSCI Islamic50.0% MSCI Islamic M-Series47.9% FTSE Shariah50.0%
ENB.TO ENBRIDGE INC NON_COMPLIANT 0.08% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
XYL XYLEM INC COMPLIANT 0.08% AAOIFI12.0% Usmani17.6% Dow Jones Islamic10.0% S&P Shariah10.3% MSCI Islamic17.6% MSCI Islamic M-Series10.3% FTSE Shariah16.9%
CDX.NA.HY SERIES 46 UNSCREENED 0.07% no in-house ratios for this holding
CVS CVS HEALTH CORP NON_COMPLIANT 0.07% AAOIFI61.7% Usmani30.1% Dow Jones Islamic84.9% S&P Shariah88.7% MSCI Islamic30.1% MSCI Islamic M-Series88.7% FTSE Shariah24.2%
LPL HOLDINGS INC UNSCREENED 0.07% no in-house ratios for this holding
CNQ CANADIAN NATURAL RESOURCES LTD COMPLIANT 0.06% AAOIFI11.6% Usmani19.8% Dow Jones Islamic16.7% S&P Shariah17.2% MSCI Islamic18.1% MSCI Islamic M-Series17.2% FTSE Shariah18.1%
NTAP NETAPP INC COMPLIANT 0.05% AAOIFI7.4% Usmani25.0% Dow Jones Islamic11.7% S&P Shariah13.3% MSCI Islamic25.0% MSCI Islamic M-Series13.3% FTSE Shariah22.7%
ENB.TO ENBRIDGE INC NON_COMPLIANT 0.05% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
SOLV SOLVENTUM CORP NON_COMPLIANT 0.05% AAOIFI32.5% Usmani37.1% Dow Jones Islamic39.6% S&P Shariah41.1% MSCI Islamic35.7% MSCI Islamic M-Series41.1% FTSE Shariah35.7%
MDLZ MONDELEZ INTERNATIONAL INC COMPLIANT 0.05% AAOIFI24.4% Usmani27.5% Dow Jones Islamic24.3% S&P Shariah23.4% MSCI Islamic26.9% MSCI Islamic M-Series23.4% FTSE Shariah25.8%
CHICAGO MERCANTILE EXCHANGE UNSCREENED 0.02% no in-house ratios for this holding
CEQUEL COMMUNICATIONS HOLDINGS I LLC UNSCREENED 0.00% no in-house ratios for this holding
MORGAN STANLEY INSTITUTIONAL LIQUIDITY FUNDS - GOVERNMENT PORTFO UNSCREENED 0.00% no in-house ratios for this holding

The published standards disagree about this fund by 3 points of portfolio weight — 11.8% of it passes FTSE Shariah, 8.9% passes Dow Jones 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 11.4% ratios fail on 14.3% 74.9% not rated under AAOIFI

56 of 133 listed holdings carry our own per-methodology verdicts (27% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 50 (25% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.

Non-compliant holdingWeight
DREYFUS TREASURY OBLIGATIONS CASH MANAGEMENT 6.41%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 4.17%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 2.10%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 2.10%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 2.10%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 2.10%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 2.09%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 2.09%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 2.09%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 2.09%

Methodology breakdown computing — it will appear here on its own.

🕌Open research, not a fatwa — verify with your own scholar.

Trade setup

Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.

SEPARATE FROM SHARIAH
No trade setup shown — a stock that isn't cleanly Sharia-compliant never gets a bullish verdict here.

NTBAX (NTBAX) 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.

NON-COMPLIANT
Sharia compliance

🕌 In-house Compliance Research

Computing the full ratio and business-activity breakdown for NTBAX — this runs off the critical path so the page paints first. It will appear here on its own.

9.769.679.579.489.382025-09-192026-03-202026-09-18

Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset

Support & Resistance

This fund prices once a day, so its bars carry no intraday high or low — floor-trader pivots are not defined for it.

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.

7-day expected range
9.63 9.71
±0.39% from 9.67, made 2026-09-19 · resolves 2026-09-26
STRONG SELL
from 19 indicators
Not enough resolved predictions yet — 0 of 10 needed before we publish an accuracy figure. 51449 forecast(s) are currently open and will be scored automatically when their horizon expires.

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.

STRONG SELL
19 indicators
OscillatorsSTRONG SELL
0 buy · 4 neutral · 3 sell
Moving averagesSTRONG SELL
2 buy · 0 neutral · 10 sell
Every indicator, and what it reads
IndicatorValueSignal
RSI (14)41.10NEUTRAL
Stochastic %K (14)22.22NEUTRAL
CCI (20)-88.74NEUTRAL
Williams %R (14)-77.78NEUTRAL
MACD (12,26,9)-0.01SELL
ROC (10)-0.72SELL
Momentum (10)-0.07SELL
EMA (10)9.68SELL
SMA (10)9.68SELL
EMA (20)9.70SELL
SMA (20)9.71SELL
EMA (30)9.70SELL
SMA (30)9.72SELL
EMA (50)9.70SELL
SMA (50)9.71SELL
EMA (100)9.67SELL
SMA (100)9.68SELL
EMA (200)9.61BUY
SMA (200)9.61BUY

About NTBAX

The fund will normally invest at least 80% of its assets, defined as net assets plus the amount of any borrowings for investment purposes, in long and/or short positions in fixed income securities. The adviser defines fixed income securities as including (i) bills, (ii) notes, (iii) structured notes, (iv) bonds, (v) preferred stocks, (vi) any other debt or debt-related securities of any maturities, (vii) fixed income derivatives, and (viii) underlying funds that invest primarily in fixed income securities, or (ix) other evidences of indebtedness.

Background via Yahoo Finance — informational, not part of the verdict.

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.

Not enough price history yet for a smart-money structure read on any timeframe.

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 2026-09-15 · Asset managers net 904684 (-7677)

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.

Tell us what's working, what's confusing, or what you want to see next — read by a real person, not a form that goes nowhere.