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.
Pzena International Small Cap Value Fund · Advisors Series Trust
44 holdings · as of 2026-05-31 (3.6 months ago) The fund may have traded since. SEC Form N-PORT is filed quarterly and lags the period it covers, so these are the most recent holdings on file, not the fund’s holdings today.
NON-COMPLIANT 75.16% of portfolio weight is in non-compliant holdings, over the 5% threshold.
44 holdings, 36 matched (83% of weight). Portfolio as of 2026-05-31, filed 2026-07-30. Source: SEC Form N-PORT.
0.46% of this portfolio’s income is non-permissible — weighted across holdings, computed over 72% of portfolio weight (32 of 44 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.
6.2% compliant 0.0% questionable 75.2% non-compliant 17.2% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| OIZ.IR Origin Enterprises PLC | NON_COMPLIANT | 3.85% | AAOIFI88.2% Usmani34.2% Dow Jones Islamic— S&P Shariah— MSCI Islamic29.5% MSCI Islamic M-Series— FTSE Shariah29.5% |
| 4047.T Kanto Denka Kogyo Co Ltd | NON_COMPLIANT | 3.51% | AAOIFI31.8% Usmani30.8% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic30.3% MSCI Islamic M-Seriesfail FTSE Shariah30.3% |
| AKE.PA Arkema SA | NON_COMPLIANT | 3.33% | AAOIFI102.9% Usmani34.5% Dow Jones Islamic— S&P Shariah— MSCI Islamic32.0% MSCI Islamic M-Series— FTSE Shariah32.0% |
| LIGHT.AS Signify NV | NON_COMPLIANT | 3.21% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| IBST.L Ibstock PLC | NON_COMPLIANT | 3.18% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 5301.T Tokai Carbon Co Ltd | NON_COMPLIANT | 3.18% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| Permanent TSB Group Holdings P | UNSCREENED | 3.16% | no in-house ratios for this holding |
| Fukuoka Financial Group Inc | UNSCREENED | 3.12% | no in-house ratios for this holding |
| PNN.L Pennon Group PLC | NON_COMPLIANT | 2.97% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SBRE.L Sabre Insurance Group PLC | NON_COMPLIANT | 2.86% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NXI.PA Nexity SA | NON_COMPLIANT | 2.84% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TATE.L Tate & Lyle PLC | NON_COMPLIANT | 2.82% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TYRES.HE Nokian Renkaat Oyj | NON_COMPLIANT | 2.79% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| FBU.NZ Fletcher Building Ltd | NON_COMPLIANT | 2.63% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| First American Government Obli | UNSCREENED | 2.56% | no in-house ratios for this holding |
| UNI.MC Unicaja Banco SA | NON_COMPLIANT | 2.54% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SOLAR-B.CO Solar A/S | NON_COMPLIANT | 2.54% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| TOY.TO Spin Master Corp | NON_COMPLIANT | 2.42% | AAOIFI31.7% Usmani27.2% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic19.1% MSCI Islamic M-Seriesfail FTSE Shariah19.1% |
| RCO.PA Remy Cointreau SA | NON_COMPLIANT | 2.40% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| LNR.TO Linamar Corp | NON_COMPLIANT | 2.40% | AAOIFI36.0% Usmani19.3% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic19.3% MSCI Islamic M-Seriesfail FTSE Shariah19.3% |
| BEN.PA Beneteau SACA | NON_COMPLIANT | 2.39% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| BME.L B&M European Value Retail plc | NON_COMPLIANT | 2.37% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| HBH.DE Hornbach Holding AG & Co KGaA | NON_COMPLIANT | 2.34% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ELD.AX Elders Ltd | NON_COMPLIANT | 2.33% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| TPK.L Travis Perkins PLC | NON_COMPLIANT | 2.31% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| Samsonite Group SA | UNSCREENED | 2.31% | no in-house ratios for this holding |
| MARR.MI MARR SpA | NON_COMPLIANT | 2.29% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| STEM.L SThree PLC | COMPLIANT | 2.23% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| YUE YUEN IND | UNSCREENED | 2.08% | no in-house ratios for this holding |
| ARIS.MI Ariston Holding NV | NON_COMPLIANT | 2.06% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| CCR.L C&C Group PLC | NON_COMPLIANT | 1.97% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 3116.T Toyota Boshoku Corp | NON_COMPLIANT | 1.94% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| VTech Holdings Ltd | UNSCREENED | 1.87% | no in-house ratios for this holding |
| DUE.DE Duerr AG | NON_COMPLIANT | 1.77% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| Sawai Group Holdings Co Ltd | UNSCREENED | 1.72% | no in-house ratios for this holding |
| MTU.PA Manitou BF SA | NON_COMPLIANT | 1.63% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| PRN.AX Perenti Ltd | COMPLIANT | 1.52% | AAOIFI25.6% Usmani19.0% Dow Jones Islamicpass S&P Shariahfail MSCI Islamic18.3% MSCI Islamic M-Seriesfail FTSE Shariah18.3% |
| PAGE.L Pagegroup PLC | COMPLIANT | 1.34% | AAOIFIpass Usmanifail Dow Jones Islamicfail S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| WIZZ.L Wizz Air Holdings Plc | NON_COMPLIANT | 1.01% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 2343.HK Pacific Basin Shipping Ltd | COMPLIANT | 0.99% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| TEP.PA Teleperformance SE | NON_COMPLIANT | 0.90% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BIRG.IR Bank of Ireland Group PLC | NON_COMPLIANT | 0.37% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Hays PLC | UNSCREENED | 0.35% | no in-house ratios for this holding |
| SNR.L Senior PLC | COMPLIANT | 0.12% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
The published standards disagree about this fund by 37 points of portfolio weight — 39.5% of it passes FTSE Shariah, 2.6% 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 6.2% ratios fail on 75.2% 17.2% not rated under AAOIFI
ratios pass on 32.5% ratios fail on 48.8% 17.2% not rated under Usmani
ratios pass on 2.6% ratios fail on 71.6% 24.4% not rated under Dow Jones Islamic
ratios pass on 5.6% ratios fail on 68.5% 24.4% not rated under S&P Shariah
ratios pass on 34.1% ratios fail on 43.9% 20.5% not rated under MSCI Islamic
ratios pass on 5.6% ratios fail on 68.5% 24.4% not rated under MSCI Islamic M-Series
ratios pass on 39.5% ratios fail on 34.7% 24.4% not rated under FTSE Shariah
36 of 44 listed holdings carry our own per-methodology verdicts (81% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 6 (17% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| OIZ.IR Origin Enterprises PLC | 3.85% |
| 4047.T Kanto Denka Kogyo Co Ltd | 3.51% |
| AKE.PA Arkema SA | 3.33% |
| LIGHT.AS Signify NV | 3.21% |
| IBST.L Ibstock PLC | 3.18% |
| 5301.T Tokai Carbon Co Ltd | 3.18% |
| PNN.L Pennon Group PLC | 2.97% |
| SBRE.L Sabre Insurance Group PLC | 2.86% |
| NXI.PA Nexity SA | 2.84% |
| TATE.L Tate & Lyle PLC | 2.82% |
Methodology breakdown computing — it will appear here on its own.
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
PZIIX (PZIIX) 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.
Computing the full ratio and business-activity breakdown for PZIIX — 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
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) | 41.30 | NEUTRAL |
| Stochastic %K (14) | 17.19 | BUY |
| CCI (20) | -97.67 | NEUTRAL |
| Williams %R (14) | -82.81 | BUY |
| MACD (12,26,9) | -0.07 | SELL |
| ROC (10) | -1.62 | SELL |
| Momentum (10) | -0.24 | SELL |
| EMA (10) | 14.65 | SELL |
| SMA (10) | 14.67 | SELL |
| EMA (20) | 14.75 | SELL |
| SMA (20) | 14.86 | SELL |
| EMA (30) | 14.75 | SELL |
| SMA (30) | 14.91 | SELL |
| EMA (50) | 14.64 | SELL |
| SMA (50) | 14.71 | SELL |
| EMA (100) | 14.34 | BUY |
| SMA (100) | 14.25 | BUY |
| EMA (200) | 13.93 | BUY |
| SMA (200) | 13.91 | BUY |
Under normal market conditions the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in “value” stocks of small-cap companies located in Developed Markets outside the U.S.
Background via Yahoo Finance — informational, not part of the verdict.
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
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.
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.
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.
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
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)
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.