ZHOGETF / FundF/m Opportunistic Income ETF
Verdicts genuinely change. Free email alert the moment ZHOG'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.
F/m Opportunistic Income ETF · RBB Fund, Inc.
62 holdings
NON-COMPLIANT At least 33.01% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 66% turns out to be. Matching more holdings can only raise this share, never lower it.
25.26% 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.
62 holdings, 17 matched (34% of weight). Portfolio as of 2026-08-31, filed 2026-10-30. Source: SEC Form N-PORT.
10.16% of this portfolio’s income is non-permissible — weighted across holdings, computed over 8% of portfolio weight (7 of 62 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 (62)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| F/m 3-Year Investment Grade Co | UNSCREENED | 10.42% | no in-house ratios for this holding |
| F/M High Yield 100 ETF | UNSCREENED | 9.83% | no in-house ratios for this holding |
| US TREASURY N/B | NON_COMPLIANT | 7.69% | no in-house ratios for this holding |
| US TREASURY N/B | NON_COMPLIANT | 4.79% | no in-house ratios for this holding |
| US TREASURY N/B | NON_COMPLIANT | 3.48% | no in-house ratios for this holding |
| ANTARES HOLDINGS | UNSCREENED | 2.28% | no in-house ratios for this holding |
| DC Commercial Mortgage Trust | UNSCREENED | 2.24% | no in-house ratios for this holding |
| Government National Mortgage A | NON_COMPLIANT | 2.14% | no in-house ratios for this holding |
| Provident Funding Mortgage Tru | UNSCREENED | 2.14% | no in-house ratios for this holding |
| MTN Commercial Mortgage Trust | UNSCREENED | 2.13% | no in-house ratios for this holding |
| ARES CAPITAL CORP | UNSCREENED | 1.88% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 1.87% | no in-house ratios for this holding |
| Chase Mortgage Finance Corpora | UNSCREENED | 1.81% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 1.73% | no in-house ratios for this holding |
| ATH-PA ATHENE HOLDING LTD | NON_COMPLIANT | 1.63% | AAOIFI164.1% Usmani1.7% Dow Jones Islamic375.3% S&P Shariah283.4% MSCI Islamic1.7% MSCI Islamic M-Series283.4% FTSE Shariah1.7% |
| PHILLIPS 66 PARTNERS LP | UNSCREENED | 1.58% | no in-house ratios for this holding |
| Extended Stay America Trust | UNSCREENED | 1.55% | no in-house ratios for this holding |
| CVS PASS-THROUGH TRUST | UNSCREENED | 1.55% | no in-house ratios for this holding |
| Sequoia Mortgage Trust | UNSCREENED | 1.53% | no in-house ratios for this holding |
| Provident Funding Mortgage Tru | UNSCREENED | 1.48% | no in-house ratios for this holding |
| WAMU Mortgage Pass-Through Cer | UNSCREENED | 1.48% | no in-house ratios for this holding |
| TRANSCANADA PIPELINES | UNSCREENED | 1.45% | no in-house ratios for this holding |
| JP Morgan Mortgage Trust | UNSCREENED | 1.44% | no in-house ratios for this holding |
| Government National Mortgage A | NON_COMPLIANT | 1.43% | no in-house ratios for this holding |
| SRE SEMPRA | NON_COMPLIANT | 1.43% | AAOIFI65.2% Usmani32.7% Dow Jones Islamic66.4% S&P Shariah71.2% MSCI Islamic31.6% MSCI Islamic M-Series71.2% FTSE Shariah30.4% |
| BANK OF NY MELLON CORP | UNSCREENED | 1.43% | no in-house ratios for this holding |
| F FORD MOTOR COMPANY | NON_COMPLIANT | 1.40% | AAOIFI4.1% Usmani1.2% Dow Jones Islamic5.7% S&P Shariah5.9% MSCI Islamic0.8% MSCI Islamic M-Series5.9% FTSE Shariah0.0% |
| KD KYNDRYL HOLDINGS INC | NON_COMPLIANT | 1.38% | AAOIFI228.4% Usmani56.0% Dow Jones Islamic108.6% S&P Shariah116.1% MSCI Islamic54.4% MSCI Islamic M-Series116.1% FTSE Shariah47.2% |
| JP Morgan Mortgage Trust | UNSCREENED | 1.26% | no in-house ratios for this holding |
| Sequoia Mortgage Trust | UNSCREENED | 1.23% | no in-house ratios for this holding |
| Chase Mortgage Finance Corpora | UNSCREENED | 1.11% | no in-house ratios for this holding |
| QTS ISSUER ABS I LLC | UNSCREENED | 1.07% | no in-house ratios for this holding |
| BX Trust | UNSCREENED | 1.04% | no in-house ratios for this holding |
| BX Trust | UNSCREENED | 1.03% | no in-house ratios for this holding |
| Fannie Mae | NON_COMPLIANT | 1.00% | no in-house ratios for this holding |
| Woodward Capital Management | UNSCREENED | 0.99% | no in-house ratios for this holding |
| SBA TOWER TRUST | UNSCREENED | 0.99% | no in-house ratios for this holding |
| NI NISOURCE INC | NON_COMPLIANT | 0.97% | AAOIFI82.1% Usmani43.4% Dow Jones Islamic85.6% S&P Shariah99.5% MSCI Islamic43.4% MSCI Islamic M-Series99.5% FTSE Shariah43.4% |
| ES EVERSOURCE ENERGY | NON_COMPLIANT | 0.93% | AAOIFI107.6% Usmani45.9% Dow Jones Islamic122.4% S&P Shariah130.8% MSCI Islamic45.9% MSCI Islamic M-Series130.8% FTSE Shariah45.9% |
| RD MICHIGAN PROP OWNER I | UNSCREENED | 0.93% | no in-house ratios for this holding |
| Flagship Credit Auto Trust | UNSCREENED | 0.92% | no in-house ratios for this holding |
| Long Beach Mortgage Loan Trust | UNSCREENED | 0.85% | no in-house ratios for this holding |
| PHILLIPS 66 PARTNERS LP | UNSCREENED | 0.85% | no in-house ratios for this holding |
| JP Morgan Mortgage Trust | UNSCREENED | 0.84% | no in-house ratios for this holding |
| Citigroup Mortgage Loan Trust | UNSCREENED | 0.70% | no in-house ratios for this holding |
| JP Morgan Mortgage Trust | UNSCREENED | 0.69% | no in-house ratios for this holding |
| CarMax Select Receivables Trus | UNSCREENED | 0.65% | no in-house ratios for this holding |
| F/m Ultrashort Treasury Inflat | UNSCREENED | 0.65% | no in-house ratios for this holding |
| Government National Mortgage A | NON_COMPLIANT | 0.62% | no in-house ratios for this holding |
| WAMU Mortgage Pass-Through Cer | UNSCREENED | 0.60% | no in-house ratios for this holding |
| DVN DEVON ENERGY CORPORATION | COMPLIANT | 0.56% | AAOIFI21.0% Usmani15.8% Dow Jones Islamic40.0% S&P Shariah40.6% MSCI Islamic15.8% MSCI Islamic M-Series40.6% FTSE Shariah15.0% |
| U.S. Bank Money Market Deposit Account | UNSCREENED | 0.56% | no in-house ratios for this holding |
| WAMU Mortgage Pass-Through Cer | UNSCREENED | 0.54% | no in-house ratios for this holding |
| TREASURY BILL | NON_COMPLIANT | 0.52% | no in-house ratios for this holding |
| Ace Securities Corp. | UNSCREENED | 0.45% | no in-house ratios for this holding |
| Argent Securities Inc. | UNSCREENED | 0.40% | no in-house ratios for this holding |
| MASTR Seasoned Securitization | UNSCREENED | 0.39% | no in-house ratios for this holding |
| Wells Fargo Mortgage Backed Se | UNSCREENED | 0.34% | no in-house ratios for this holding |
| AMER AIRLINE 17-1 A PTT | UNSCREENED | 0.27% | no in-house ratios for this holding |
| CVS PASS-THROUGH TRUST | UNSCREENED | 0.26% | no in-house ratios for this holding |
| PHILLIPS 66 PARTNERS LP | UNSCREENED | 0.13% | no in-house ratios for this holding |
| Jack in the Box Funding, LLC | UNSCREENED | 0.06% | no in-house ratios for this holding |
The published standards disagree about this fund by 2 points of portfolio weight — 2.0% of it passes Usmani, 0.0% 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 0.6% ratios fail on 7.7% 91.3% not rated under AAOIFI
ratios pass on 2.0% ratios fail on 4.9% 92.7% not rated under Usmani
ratios pass on 0.0% ratios fail on 8.3% 91.3% not rated under Dow Jones Islamic
ratios pass on 0.0% ratios fail on 8.3% 91.3% not rated under S&P Shariah
ratios pass on 2.0% ratios fail on 4.9% 92.7% not rated under MSCI Islamic
ratios pass on 0.0% ratios fail on 8.3% 91.3% not rated under MSCI Islamic M-Series
ratios pass on 2.0% ratios fail on 4.9% 92.7% not rated under FTSE Shariah
7 of 62 listed holdings carry our own per-methodology verdicts (8% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none.
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.
F/m Opportunistic Income ETF (ZHOG) 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 ZHOG — 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) | 42.80 | NEUTRAL |
| Stochastic %K (14) | 0.00 | BUY |
| CCI (20) | -56.11 | NEUTRAL |
| Williams %R (14) | -100.00 | BUY |
| MACD (12,26,9) | -0.02 | SELL |
| ROC (10) | -0.38 | SELL |
| Momentum (10) | -0.19 | SELL |
| EMA (10) | 50.17 | SELL |
| SMA (10) | 50.24 | SELL |
| EMA (20) | 50.13 | SELL |
| SMA (20) | 50.13 | SELL |
| EMA (30) | 50.10 | SELL |
| SMA (30) | 50.01 | SELL |
| EMA (50) | 50.09 | SELL |
| SMA (50) | 50.00 | BUY |
| EMA (100) | 50.11 | SELL |
| SMA (100) | 50.19 | SELL |
| EMA (200) | 50.04 | SELL |
| SMA (200) | 50.12 | SELL |
About F/m Opportunistic Income ETF
The fund is an actively-managed exchange-traded fund (“ETF”) managed by F/m Investments, LLC (the “adviser”) that seeks to achieve its investment objective by investing in fixed-income securities.
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 | RANGING | 44 |
| ⏲ 5-Min | RANGING | 38 |
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.