LIMIETF / FundThemes Lithium & Battery Metal Miners ETF
Verdicts genuinely change. Free email alert the moment LIMI'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.
Themes Lithium & Battery Metal Miners ETF · Themes ETF Trust
43 holdings
NON-COMPLIANT At least 26.16% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 42% turns out to be. Matching more holdings can only raise this share, never lower it.
43 holdings, 17 matched (58% of weight). Portfolio as of 2026-06-30, filed 2026-08-24. Source: SEC Form N-PORT.
2.40% of this portfolio’s income is non-permissible — weighted across holdings, computed over 55% of portfolio weight (16 of 43 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 (43)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| PLS.AX PLS Group Ltd | NON_COMPLIANT | 9.06% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ALB Albemarle Corp | COMPLIANT | 7.44% | AAOIFI13.1% Usmani13.2% Dow Jones Islamic15.4% S&P Shariah15.0% MSCI Islamic12.6% MSCI Islamic M-Series15.0% FTSE Shariah11.8% |
| TINCI | UNSCREENED | 7.00% | no in-house ratios for this holding |
| 002466.SZ Tianqi Lithium Corp | COMPLIANT | 5.50% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 603799.SS Zhejiang Huayou Cobalt Co Ltd | NON_COMPLIANT | 5.33% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 002460.SZ Ganfeng Lithium Group Co Ltd | COMPLIANT | 3.87% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| LTR.AX Liontown Ltd | COMPLIANT | 3.87% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| IGO.AX IGO Ltd | COMPLIANT | 3.56% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 600549.SS Xiamen Tungsten Co Ltd | COMPLIANT | 3.43% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| CAPCHEM | UNSCREENED | 3.34% | no in-house ratios for this holding |
| LAC Lithium Americas Corp | NON_COMPLIANT | 3.15% | AAOIFI6.0% Usmani1.8% Dow Jones Islamic6.5% S&P Shariah6.9% MSCI Islamic1.8% MSCI Islamic M-Series6.9% FTSE Shariah1.8% |
| ELVR Elevra Lithium Ltd | COMPLIANT | 3.10% | AAOIFI3.5% Usmani11.9% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic11.9% MSCI Islamic M-Seriespass FTSE Shariah11.9% |
| Mineral Resources Ltd | UNSCREENED | 3.09% | no in-house ratios for this holding |
| Core Lithium Ltd | UNSCREENED | 2.95% | no in-house ratios for this holding |
| Lithium Argentina AG | UNSCREENED | 2.52% | no in-house ratios for this holding |
| 002340.SZ GEM Co Ltd | NON_COMPLIANT | 2.51% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ERA.PA Eramet SA | NON_COMPLIANT | 2.47% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| EASPRING | UNSCREENED | 2.46% | no in-house ratios for this holding |
| Youngy Co Ltd | UNSCREENED | 2.18% | no in-house ratios for this holding |
| Talon Metals Corp | UNSCREENED | 1.93% | no in-house ratios for this holding |
| Shanghai Putailai New Energy T | UNSCREENED | 1.87% | no in-house ratios for this holding |
| PMET Resources Inc | UNSCREENED | 1.57% | no in-house ratios for this holding |
| Jiangsu Ruitai New Energy Mate | UNSCREENED | 1.43% | no in-house ratios for this holding |
| Sociedad Quimica y Minera de C | UNSCREENED | 1.33% | no in-house ratios for this holding |
| YAHUA GROUP | UNSCREENED | 1.31% | no in-house ratios for this holding |
| 600884.SS Ningbo Shanshan Co Ltd | NON_COMPLIANT | 1.27% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Chalice Mining Ltd | UNSCREENED | 1.17% | no in-house ratios for this holding |
| SGML Sigma Lithium Corp | QUESTIONABLE | 0.97% | AAOIFI10.4% Usmani47.8% Dow Jones Islamic11.9% S&P Shariah10.0% MSCI Islamic47.8% MSCI Islamic M-Series10.0% FTSE Shariah47.8% |
| AMG Critical Materials NV | UNSCREENED | 0.96% | no in-house ratios for this holding |
| St George Mining Ltd | UNSCREENED | 0.95% | no in-house ratios for this holding |
| Minerals 260 Ltd | UNSCREENED | 0.95% | no in-house ratios for this holding |
| VULNF Vulcan Energy Resources Ltd | NON_COMPLIANT | 0.88% | AAOIFI2.8% Usmani6.4% Dow Jones Islamic2.6% S&P Shariah2.9% MSCI Islamic3.2% MSCI Islamic M-Series2.9% FTSE Shariah3.2% |
| ATLX Atlas Lithium Corp | NON_COMPLIANT | 0.82% | AAOIFI10.9% Usmani11.9% Dow Jones Islamic10.1% S&P Shariah7.4% MSCI Islamic11.9% MSCI Islamic M-Series7.4% FTSE Shariah11.2% |
| Q2 Metals Corp | UNSCREENED | 0.81% | no in-house ratios for this holding |
| Ganzhou Teng Yuan Cobalt New M | UNSCREENED | 0.78% | no in-house ratios for this holding |
| Lake Resources NL | UNSCREENED | 0.78% | no in-house ratios for this holding |
| ioneer Ltd | UNSCREENED | 0.77% | no in-house ratios for this holding |
| Canada Nickel Co Inc | UNSCREENED | 0.71% | no in-house ratios for this holding |
| SYR.AX Syrah Resources Ltd | NON_COMPLIANT | 0.67% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Standard Lithium Ltd | UNSCREENED | 0.58% | no in-house ratios for this holding |
| First American Treasury Obliga | UNSCREENED | 0.39% | no in-house ratios for this holding |
| Lithium Ionic Corp | UNSCREENED | 0.38% | no in-house ratios for this holding |
| Latin Resources Pty Ltd | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 5 points of portfolio weight — 31.7% of it passes AAOIFI, 26.9% passes Usmani. 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 31.7% ratios fail on 26.2% 42.2% not rated under AAOIFI
ratios pass on 26.9% ratios fail on 31.0% 42.2% not rated under Usmani
ratios pass on 30.8% ratios fail on 26.2% 43.2% not rated under Dow Jones Islamic
ratios pass on 31.6% ratios fail on 25.3% 43.2% not rated under S&P Shariah
ratios pass on 26.9% ratios fail on 31.0% 42.2% not rated under MSCI Islamic
ratios pass on 31.6% ratios fail on 25.3% 43.2% not rated under MSCI Islamic M-Series
ratios pass on 26.9% ratios fail on 31.0% 42.2% not rated under FTSE Shariah
17 of 43 listed holdings carry our own per-methodology verdicts (58% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 6 (16% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| PLS.AX PLS Group Ltd | 9.06% |
| 603799.SS Zhejiang Huayou Cobalt Co Ltd | 5.33% |
| LAC Lithium Americas Corp | 3.15% |
| 002340.SZ GEM Co Ltd | 2.51% |
| ERA.PA Eramet SA | 2.47% |
| 600884.SS Ningbo Shanshan Co Ltd | 1.27% |
| VULNF Vulcan Energy Resources Ltd | 0.88% |
| ATLX Atlas Lithium Corp | 0.82% |
| SYR.AX Syrah Resources Ltd | 0.67% |
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Themes Lithium & Battery Metal Miners ETF (LIMI) 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.
Screened on its holdings, not its name
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 |
|---|---|---|
| PLS.AXPLS Group Ltd | 9.06% | Non-compliant |
| ALBAlbemarle Corp | 7.44% | Compliant |
| TINCInot matched to a ticker | 7.00% | Not screened |
| 002466.SZTianqi Lithium Corp | 5.50% | Compliant |
| 603799.SSZhejiang Huayou Cobalt Co Ltd | 5.33% | Non-compliant |
| 002460.SZGanfeng Lithium Group Co Ltd | 3.87% | Compliant |
| LTR.AXLiontown Ltd | 3.87% | Compliant |
| IGO.AXIGO Ltd | 3.56% | Compliant |
| 600549.SSXiamen Tungsten Co Ltd | 3.43% | Compliant |
| CAPCHEMnot matched to a ticker | 3.34% | Not screened |
Top 10 of 43 holdings, 52.4% of the fund by weight. Every holding is screened, not only these.
What holds the number back
The positions keeping this fund short of 100% compliant by weight.
- PLS.AXnon-compliant9.06%
- TINCInot screened7.00%
- 603799.SSnon-compliant5.33%
- CAPCHEMnot screened3.34%
- LACnon-compliant3.15%
- Mineral Resources Ltdnot screened3.09%
What changed, and when
Verdict history for LIMI. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
- 2026-09-07 No change recorded No verdict change for LIMI has been recorded since tracking began. The scan ledger records that the compliance detectors ran, not which symbols each pass covered.
ℹ️ no compliance scan has run for 4 days - this is not a reading of today
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Not enough completed daily bars to compute pivots.
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.
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.
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.