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.
Virtus SGA Global Growth Fund · Virtus Equity Trust
35 holdings · as of 2026-06-30 (2.7 months ago)
NON-COMPLIANT 15.44% of portfolio weight is in non-compliant holdings, over the 5% threshold.
35 holdings, 35 matched (100% of weight). Portfolio as of 2026-06-30, filed 2026-08-28. Source: SEC Form N-PORT.
3.62% of this portfolio’s income is non-permissible — weighted across holdings, computed over 94% of portfolio weight (31 of 35 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.
62.9% compliant 21.0% questionable 15.4% non-compliant 0.0% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| TSM TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD | COMPLIANT | 7.96% | AAOIFI1.5% Usmani13.8% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic13.4% MSCI Islamic M-Series0.6% FTSE Shariah13.4% |
| NVDA NVIDIA CORP | COMPLIANT | 6.72% | AAOIFI0.7% Usmani12.1% Dow Jones Islamic1.0% S&P Shariah1.2% MSCI Islamic12.1% MSCI Islamic M-Series1.2% FTSE Shariah10.4% |
| GOOG ALPHABET INC | QUESTIONABLE | 5.92% | AAOIFI2.9% Usmani13.1% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic12.8% MSCI Islamic M-Series4.5% FTSE Shariah10.9% |
| AMZN AMAZON.COM INC | QUESTIONABLE | 5.34% | AAOIFI8.2% Usmani22.1% Dow Jones Islamic9.6% S&P Shariah10.6% MSCI Islamic20.9% MSCI Islamic M-Series10.6% FTSE Shariah12.1% |
| V VISA INC | COMPLIANT | 5.04% | AAOIFI3.5% Usmani25.2% Dow Jones Islamic15.5% S&P Shariah16.7% MSCI Islamic25.2% MSCI Islamic M-Series16.7% FTSE Shariah25.2% |
| AVGO BROADCOM INC | COMPLIANT | 4.00% | AAOIFI3.8% Usmani32.5% Dow Jones Islamic4.4% S&P Shariah5.5% MSCI Islamic32.5% MSCI Islamic M-Series5.5% FTSE Shariah32.5% |
| EQIX EQUINIX INC | COMPLIANT | 3.65% | AAOIFI20.7% Usmani57.3% Dow Jones Islamic24.8% S&P Shariah26.3% MSCI Islamic51.7% MSCI Islamic M-Series26.3% FTSE Shariah48.4% |
| META META PLATFORMS INC | QUESTIONABLE | 3.55% | AAOIFI7.2% Usmani25.0% Dow Jones Islamic7.0% S&P Shariah7.9% MSCI Islamic25.0% MSCI Islamic M-Series7.9% FTSE Shariah18.6% |
| MSFT MICROSOFT CORP | QUESTIONABLE | 3.51% | AAOIFI1.5% Usmani7.5% Dow Jones Islamic1.7% S&P Shariah1.8% MSCI Islamic7.5% MSCI Islamic M-Series1.8% FTSE Shariah5.3% |
| HDFCBANK.NS HDFC BANK LTD | NON_COMPLIANT | 3.22% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SNPS SYNOPSYS INC | COMPLIANT | 3.00% | AAOIFI14.4% Usmani22.7% Dow Jones Islamic13.2% S&P Shariah13.2% MSCI Islamic22.7% MSCI Islamic M-Series13.2% FTSE Shariah21.0% |
| WM WASTE MANAGEMENT INC | COMPLIANT | 2.97% | AAOIFI25.8% Usmani50.3% Dow Jones Islamic26.5% S&P Shariah27.9% MSCI Islamic50.3% MSCI Islamic M-Series27.9% FTSE Shariah50.3% |
| NFLX NETFLIX INC | QUESTIONABLE | 2.70% | AAOIFI5.2% Usmani28.5% Dow Jones Islamic4.1% S&P Shariah4.7% MSCI Islamic28.5% MSCI Islamic M-Series4.7% FTSE Shariah24.5% |
| DHR DANAHER CORP | COMPLIANT | 2.66% | AAOIFI18.2% Usmani28.8% Dow Jones Islamic17.7% S&P Shariah16.7% MSCI Islamic28.8% MSCI Islamic M-Series16.7% FTSE Shariah28.8% |
| 1299.HK AIA GROUP LTD | NON_COMPLIANT | 2.61% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| STE STERIS PLC | COMPLIANT | 2.53% | AAOIFI9.4% Usmani19.1% Dow Jones Islamic9.1% S&P Shariah9.3% MSCI Islamic19.1% MSCI Islamic M-Series9.3% FTSE Shariah17.6% |
| CMG CHIPOTLE MEXICAN GRILL INC | NON_COMPLIANT | 2.46% | AAOIFI11.6% Usmani61.1% Dow Jones Islamic9.1% S&P Shariah8.6% MSCI Islamic61.1% MSCI Islamic M-Series8.6% FTSE Shariah0.0% |
| LIN LINDE PLC | COMPLIANT | 2.45% | AAOIFI13.0% Usmani31.7% Dow Jones Islamic13.0% S&P Shariah13.4% MSCI Islamic31.7% MSCI Islamic M-Series13.4% FTSE Shariah31.7% |
| AON AON PLC | NON_COMPLIANT | 2.45% | AAOIFI22.9% Usmani29.4% Dow Jones Islamic20.7% S&P Shariah21.9% MSCI Islamic29.4% MSCI Islamic M-Series21.9% FTSE Shariah28.1% |
| CRM SALESFORCE INC | COMPLIANT | 2.45% | AAOIFI19.6% Usmani38.1% Dow Jones Islamic18.0% S&P Shariah17.7% MSCI Islamic38.1% MSCI Islamic M-Series17.7% FTSE Shariah35.8% |
| CP CANADIAN PACIFIC KANSAS CITY LTD | COMPLIANT | 2.40% | AAOIFI21.9% Usmani28.2% Dow Jones Islamic24.5% S&P Shariah24.4% MSCI Islamic28.2% MSCI Islamic M-Series24.4% FTSE Shariah28.2% |
| ADYEN.AS ADYEN NV | NON_COMPLIANT | 2.40% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SPGI S&P GLOBAL INC | COMPLIANT | 2.39% | AAOIFI10.6% Usmani22.9% Dow Jones Islamic9.4% S&P Shariah9.8% MSCI Islamic22.9% MSCI Islamic M-Series9.8% FTSE Shariah21.9% |
| AXP AMERICAN EXPRESS COMPANY | NON_COMPLIANT | 2.30% | AAOIFI26.8% Usmani19.2% Dow Jones Islamic27.4% S&P Shariah30.8% MSCI Islamic19.2% MSCI Islamic M-Series30.8% FTSE Shariah19.2% |
| FRCOY FAST RETAILING COMPANY LTD | COMPLIANT | 2.11% | AAOIFI2.5% Usmani26.6% Dow Jones Islamic29.5% S&P Shariah32.8% MSCI Islamic13.3% MSCI Islamic M-Series32.8% FTSE Shariah13.3% |
| EXPN.L EXPERIAN PLC | COMPLIANT | 2.07% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| SU.PA SCHNEIDER ELECTRIC SE | COMPLIANT | 1.67% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| MELI MERCADOLIBRE INC | COMPLIANT | 1.63% | AAOIFI20.1% Usmani38.5% Dow Jones Islamic19.0% S&P Shariah20.6% MSCI Islamic38.3% MSCI Islamic M-Series20.6% FTSE Shariah33.3% |
| SAP SAP SE | COMPLIANT | 1.32% | AAOIFI3.5% Usmani13.0% Dow Jones Islamic3.1% S&P Shariah3.4% MSCI Islamic10.6% MSCI Islamic M-Series3.4% FTSE Shariah10.6% |
| ANET ARISTA NETWORKS INC | COMPLIANT | 1.12% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| SE SEA LTD | COMPLIANT | 1.09% | AAOIFI3.7% Usmani8.8% Dow Jones Islamic3.3% S&P Shariah4.1% MSCI Islamic8.6% MSCI Islamic M-Series4.1% FTSE Shariah3.6% |
| GALDY GALDERMA GROUP AG | COMPLIANT | 1.05% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| 6146.T DISCO CORP | COMPLIANT | 0.94% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| BABA ALIBABA GROUP HOLDING LTD | COMPLIANT | 0.84% | AAOIFI7.6% Usmani1.1% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic1.1% MSCI Islamic M-Series0.2% FTSE Shariah0.0% |
| ARM ARM HOLDINGS PLC | COMPLIANT | 0.82% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
The published standards disagree about this fund by 33 points of portfolio weight — 82.5% of it passes AAOIFI, 49.3% 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 82.5% ratios fail on 13.8% 3.0% not rated under AAOIFI
ratios pass on 55.2% ratios fail on 36.2% 7.9% not rated under Usmani
ratios pass on 80.4% ratios fail on 15.1% 3.8% not rated under Dow Jones Islamic
ratios pass on 80.4% ratios fail on 15.1% 3.8% not rated under S&P Shariah
ratios pass on 49.3% ratios fail on 36.2% 13.8% not rated under MSCI Islamic
ratios pass on 80.4% ratios fail on 15.1% 3.8% not rated under MSCI Islamic M-Series
ratios pass on 57.7% ratios fail on 33.8% 7.9% not rated under FTSE Shariah
35 of 35 listed holdings carry our own per-methodology verdicts (99% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 26 (83% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
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.
SGAAX (SGAAX) 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 SGAAX — 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) | 42.50 | NEUTRAL |
| Stochastic %K (14) | 17.07 | BUY |
| CCI (20) | -92.36 | NEUTRAL |
| Williams %R (14) | -82.93 | BUY |
| MACD (12,26,9) | -0.07 | SELL |
| ROC (10) | -3.37 | SELL |
| Momentum (10) | -0.68 | SELL |
| EMA (10) | 19.62 | SELL |
| SMA (10) | 19.63 | SELL |
| EMA (20) | 19.73 | SELL |
| SMA (20) | 19.87 | SELL |
| EMA (30) | 19.74 | SELL |
| SMA (30) | 19.91 | SELL |
| EMA (50) | 19.69 | SELL |
| SMA (50) | 19.69 | SELL |
| EMA (100) | 19.58 | SELL |
| SMA (100) | 19.54 | SELL |
| EMA (200) | 19.70 | SELL |
| SMA (200) | 19.48 | BUY |
The fund will invest in securities of issuers located throughout the world, including the United States ("U.S."). Under normal circumstances, it will invest primarily in equity securities, with at least 40% of the fund's net assets in issuers organized, headquartered or doing a substantial amount of business 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.