VAFIXETF / FundInvesco American Franchise Fund
Verdicts genuinely change. Free email alert the moment VAFIX'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.
Invesco American Franchise Fund · AIM Counselor Series Trust (Invesco Counselor Series Trust)
51 holdings
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 14.85% of portfolio weight is in non-compliant holdings, over the 5% threshold.
51 holdings, 46 matched (98% of weight). Portfolio as of 2026-08-31, filed 2026-10-30. Source: SEC Form N-PORT.
1.47% of this portfolio’s income is non-permissible — weighted across holdings, computed over 95% of portfolio weight (44 of 51 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.
62.8% compliant 20.7% questionable 14.7% non-compliant 1.8% unscreened
All holdings (51)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| NVDA NVIDIA Corp. | COMPLIANT | 11.78% | AAOIFI1.1% Usmani12.1% Dow Jones Islamic0.9% S&P Shariah1.1% MSCI Islamic12.1% MSCI Islamic M-Series1.1% FTSE Shariah10.4% |
| AMZN Amazon.com, Inc. | QUESTIONABLE | 6.61% | AAOIFI8.2% Usmani22.1% Dow Jones Islamic9.6% S&P Shariah10.6% MSCI Islamic20.9% MSCI Islamic M-Series10.6% FTSE Shariah12.1% |
| GOOG Alphabet Inc. | QUESTIONABLE | 6.46% | AAOIFI2.9% Usmani13.1% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic12.8% MSCI Islamic M-Series4.5% FTSE Shariah10.9% |
| MSFT Microsoft Corp. | QUESTIONABLE | 5.85% | AAOIFI1.5% Usmani7.5% Dow Jones Islamic1.7% S&P Shariah1.8% MSCI Islamic7.5% MSCI Islamic M-Series1.8% FTSE Shariah5.3% |
| AAPL Apple Inc. | COMPLIANT | 4.13% | AAOIFI2.1% Usmani21.5% Dow Jones Islamic2.2% S&P Shariah2.4% MSCI Islamic21.5% MSCI Islamic M-Series2.4% FTSE Shariah21.5% |
| LRCX Lam Research Corp. | COMPLIANT | 3.97% | AAOIFI1.0% Usmani17.5% Dow Jones Islamic2.1% S&P Shariah2.4% MSCI Islamic17.5% MSCI Islamic M-Series2.4% FTSE Shariah15.8% |
| LLY Eli Lilly and Co. | COMPLIANT | 3.04% | AAOIFI5.2% Usmani38.6% Dow Jones Islamic6.4% S&P Shariah6.9% MSCI Islamic38.6% MSCI Islamic M-Series6.9% FTSE Shariah38.6% |
| TSM Taiwan Semiconductor Manufacturing Co. Ltd. | COMPLIANT | 3.04% | AAOIFI1.5% Usmani13.8% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic13.4% MSCI Islamic M-Series0.6% FTSE Shariah13.4% |
| AMD Advanced Micro Devices, Inc. | COMPLIANT | 2.97% | AAOIFI0.5% Usmani5.1% Dow Jones Islamic1.2% S&P Shariah1.3% MSCI Islamic5.1% MSCI Islamic M-Series1.3% FTSE Shariah3.8% |
| PANW Palo Alto Networks, Inc. | COMPLIANT | 2.38% | AAOIFI0.3% Usmani1.6% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic1.6% MSCI Islamic M-Series0.6% FTSE Shariah0.0% |
| HWM Howmet Aerospace Inc. | NON_COMPLIANT | 2.31% | AAOIFI5.1% Usmani35.2% Dow Jones Islamic6.2% S&P Shariah7.9% MSCI Islamic35.2% MSCI Islamic M-Series7.9% FTSE Shariah34.0% |
| CAT Caterpillar Inc. | COMPLIANT | 2.29% | AAOIFI1.6% Usmani5.3% Dow Jones Islamic2.0% S&P Shariah2.4% MSCI Islamic5.3% MSCI Islamic M-Series2.4% FTSE Shariah5.3% |
| IBKR Interactive Brokers Group, Inc. | NON_COMPLIANT | 2.26% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| GS Goldman Sachs Group, Inc. (The) | NON_COMPLIANT | 2.25% | AAOIFI147.5% Usmani20.6% Dow Jones Islamic194.6% S&P Shariah229.2% MSCI Islamic20.6% MSCI Islamic M-Series229.2% FTSE Shariah20.6% |
| JCI Johnson Controls International PLC | COMPLIANT | 2.18% | AAOIFI10.8% Usmani24.8% Dow Jones Islamic13.9% S&P Shariah16.1% MSCI Islamic24.8% MSCI Islamic M-Series16.1% FTSE Shariah24.8% |
| AMAT Applied Materials, Inc. | COMPLIANT | 2.16% | AAOIFI1.9% Usmani16.6% Dow Jones Islamic3.4% S&P Shariah3.7% MSCI Islamic16.6% MSCI Islamic M-Series3.7% FTSE Shariah14.8% |
| META Meta Platforms, Inc. | QUESTIONABLE | 2.02% | AAOIFI7.2% Usmani25.0% Dow Jones Islamic7.0% S&P Shariah7.9% MSCI Islamic25.0% MSCI Islamic M-Series7.9% FTSE Shariah18.6% |
| ASML.AS ASML Holding N.V. | COMPLIANT | 1.83% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| NET Cloudflare, Inc. | NON_COMPLIANT | 1.81% | AAOIFI0.3% Usmani4.0% Dow Jones Islamic0.4% S&P Shariah0.5% MSCI Islamic4.0% MSCI Islamic M-Series0.5% FTSE Shariah0.0% |
| SNOW Snowflake Inc. | COMPLIANT | 1.69% | AAOIFI0.4% Usmani5.5% Dow Jones Islamic0.7% S&P Shariah0.8% MSCI Islamic5.5% MSCI Islamic M-Series0.8% FTSE Shariah0.0% |
| VRT Vertiv Holdings Co. | COMPLIANT | 1.63% | AAOIFI3.2% Usmani19.0% Dow Jones Islamic4.5% S&P Shariah5.7% MSCI Islamic19.0% MSCI Islamic M-Series5.7% FTSE Shariah18.5% |
| FCX Freeport-McMoRan Inc. | COMPLIANT | 1.58% | AAOIFI9.4% Usmani17.3% Dow Jones Islamic14.8% S&P Shariah15.6% MSCI Islamic17.3% MSCI Islamic M-Series15.6% FTSE Shariah15.7% |
| GEV GE Vernova Inc. | COMPLIANT | 1.58% | AAOIFI1.1% Usmani3.5% Dow Jones Islamic1.7% S&P Shariah2.0% MSCI Islamic3.5% MSCI Islamic M-Series2.0% FTSE Shariah3.5% |
| CRWD CrowdStrike Holdings, Inc. | COMPLIANT | 1.48% | AAOIFI0.4% Usmani6.8% Dow Jones Islamic0.7% S&P Shariah0.8% MSCI Islamic6.8% MSCI Islamic M-Series0.8% FTSE Shariah6.2% |
| COHR Coherent Corp. | COMPLIANT | 1.47% | AAOIFI6.0% Usmani19.3% Dow Jones Islamic12.1% S&P Shariah15.9% MSCI Islamic19.3% MSCI Islamic M-Series15.9% FTSE Shariah17.6% |
| ANET Arista Networks, Inc. | COMPLIANT | 1.44% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| DDOG Datadog, Inc. | NON_COMPLIANT | 1.41% | AAOIFI1.7% Usmani16.9% Dow Jones Islamic2.4% S&P Shariah2.6% MSCI Islamic16.9% MSCI Islamic M-Series2.6% FTSE Shariah13.1% |
| MRVL Marvell Technology, Inc. | COMPLIANT | 1.40% | AAOIFI2.7% Usmani19.2% Dow Jones Islamic5.6% S&P Shariah6.5% MSCI Islamic19.2% MSCI Islamic M-Series6.5% FTSE Shariah18.0% |
| PM Philip Morris International Inc. | NON_COMPLIANT | 1.34% | AAOIFI16.1% Usmani66.9% Dow Jones Islamic18.9% S&P Shariah22.1% MSCI Islamic66.9% MSCI Islamic M-Series22.1% FTSE Shariah66.9% |
| WMB Williams Cos., Inc. (The) | NON_COMPLIANT | 1.30% | AAOIFI35.0% Usmani50.0% Dow Jones Islamic41.0% S&P Shariah47.9% MSCI Islamic50.0% MSCI Islamic M-Series47.9% FTSE Shariah50.0% |
| SNDK Sandisk Corp. | COMPLIANT | 1.28% | AAOIFI0.1% Usmani0.9% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic0.9% MSCI Islamic M-Seriespass FTSE Shariah0.0% |
| MPWR Monolithic Power Systems, Inc. | COMPLIANT | 1.26% | AAOIFI0.0% Usmani0.4% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.4% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| DELL Dell Technologies Inc. | COMPLIANT | 1.16% | AAOIFI10.2% Usmani27.7% Dow Jones Islamic30.9% S&P Shariah36.3% MSCI Islamic27.7% MSCI Islamic M-Series36.3% FTSE Shariah27.1% |
| PH Parker-Hannifin Corp. | COMPLIANT | 1.08% | AAOIFI7.0% Usmani27.5% Dow Jones Islamic8.5% S&P Shariah9.7% MSCI Islamic27.2% MSCI Islamic M-Series9.7% FTSE Shariah26.5% |
| TXN Texas Instruments Inc. | COMPLIANT | 1.05% | AAOIFI5.9% Usmani39.2% Dow Jones Islamic7.6% S&P Shariah8.1% MSCI Islamic39.2% MSCI Islamic M-Series8.1% FTSE Shariah39.2% |
| BA.L BAE Systems PLC | NON_COMPLIANT | 1.02% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| VRTX Vertex Pharmaceuticals Inc. | COMPLIANT | 0.96% | AAOIFI1.6% Usmani7.2% Dow Jones Islamic1.7% S&P Shariah1.7% MSCI Islamic7.2% MSCI Islamic M-Series1.7% FTSE Shariah0.0% |
| TSLA Tesla, Inc. | COMPLIANT | 0.93% | AAOIFI1.1% Usmani10.8% Dow Jones Islamic1.3% S&P Shariah1.5% MSCI Islamic10.6% MSCI Islamic M-Series1.5% FTSE Shariah6.1% |
| SU Suncor Energy Inc. | COMPLIANT | 0.88% | AAOIFI13.4% Usmani21.2% Dow Jones Islamic19.8% S&P Shariah21.8% MSCI Islamic16.1% MSCI Islamic M-Series21.8% FTSE Shariah16.1% |
| CVNA Carvana Co. | COMPLIANT | 0.81% | AAOIFI6.8% Usmani38.2% Dow Jones Islamic8.2% S&P Shariah10.9% MSCI Islamic38.2% MSCI Islamic M-Series10.9% FTSE Shariah35.5% |
| ARGX argenx SE | COMPLIANT | 0.80% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| Invesco Private Prime Fund | UNSCREENED | 0.74% | no in-house ratios for this holding |
| USFD US Foods Holding Corp. | NON_COMPLIANT | 0.66% | AAOIFI24.0% Usmani36.5% Dow Jones Islamic28.8% S&P Shariah32.1% MSCI Islamic36.5% MSCI Islamic M-Series32.1% FTSE Shariah36.5% |
| Space Exploration Technologies Corp. | UNSCREENED | 0.56% | no in-house ratios for this holding |
| HLT Hilton Worldwide Holdings Inc. | NON_COMPLIANT | 0.51% | AAOIFI20.0% Usmani82.8% Dow Jones Islamic21.8% S&P Shariah23.8% MSCI Islamic82.8% MSCI Islamic M-Series23.8% FTSE Shariah78.8% |
| V Visa Inc. | COMPLIANT | 0.44% | AAOIFI3.5% Usmani25.2% Dow Jones Islamic15.5% S&P Shariah16.7% MSCI Islamic25.2% MSCI Islamic M-Series16.7% FTSE Shariah25.2% |
| FDXF FedEx Freight Holding Co., Inc. | COMPLIANT | 0.40% | AAOIFI31.8% Usmani89.3% Dow Jones Islamic— S&P Shariah— MSCI Islamic89.3% MSCI Islamic M-Series— FTSE Shariah62.6% |
| WDC Western Digital Corp. | COMPLIANT | 0.35% | AAOIFI0.9% Usmani8.6% Dow Jones Islamic1.6% S&P Shariah2.1% MSCI Islamic8.6% MSCI Islamic M-Series2.1% FTSE Shariah7.6% |
| Invesco Private Government Fund | UNSCREENED | 0.29% | no in-house ratios for this holding |
| Invesco Treasury Portfolio | UNSCREENED | 0.14% | no in-house ratios for this holding |
| Invesco Government & Agency Portfolio | UNSCREENED | 0.07% | no in-house ratios for this holding |
The published standards disagree about this fund by 31 points of portfolio weight — 86.7% of it passes AAOIFI, 55.7% 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 86.7% ratios fail on 10.4% 3.9% not rated under AAOIFI
ratios pass on 72.5% ratios fail on 24.7% 3.9% not rated under Usmani
ratios pass on 86.7% ratios fail on 10.0% 4.3% not rated under Dow Jones Islamic
ratios pass on 85.5% ratios fail on 11.2% 4.3% not rated under S&P Shariah
ratios pass on 55.7% ratios fail on 35.9% 9.4% not rated under MSCI Islamic
ratios pass on 85.5% ratios fail on 11.2% 4.3% not rated under MSCI Islamic M-Series
ratios pass on 72.5% ratios fail on 24.7% 3.9% not rated under FTSE Shariah
46 of 51 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, 43 (96% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| HWM Howmet Aerospace Inc. | 2.31% |
| IBKR Interactive Brokers Group, Inc. | 2.26% |
| GS Goldman Sachs Group, Inc. (The) | 2.25% |
| NET Cloudflare, Inc. | 1.81% |
| DDOG Datadog, Inc. | 1.41% |
| PM Philip Morris International Inc. | 1.34% |
| WMB Williams Cos., Inc. (The) | 1.30% |
| BA.L BAE Systems PLC | 1.02% |
| USFD US Foods Holding Corp. | 0.66% |
| HLT Hilton Worldwide Holdings Inc. | 0.51% |
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Invesco American Franchise Fund (VAFIX) 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 |
|---|---|---|
| NVDANVIDIA Corp. | 11.78% | Compliant |
| AMZNAmazon.com, Inc. | 6.61% | Questionable |
| GOOGAlphabet Inc. | 6.46% | Questionable |
| MSFTMicrosoft Corp. | 5.85% | Questionable |
| AAPLApple Inc. | 4.13% | Compliant |
| LRCXLam Research Corp. | 3.97% | Compliant |
| LLYEli Lilly and Co. | 3.04% | Compliant |
| TSMTaiwan Semiconductor Manufacturing Co. Ltd. | 3.04% | Compliant |
| AMDAdvanced Micro Devices, Inc. | 2.97% | Compliant |
| PANWPalo Alto Networks, Inc. | 2.38% | Compliant |
Top 10 of 51 holdings, 50.2% 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.
- AMZNquestionable6.61%
- GOOGquestionable6.46%
- MSFTquestionable5.85%
- HWMnon-compliant2.31%
- IBKRnon-compliant2.26%
- GSnon-compliant2.25%
What changed, and when
Verdict history for VAFIX. 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 VAFIX 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 6 days - this is not a reading of today
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.
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) | 31.30 | NEUTRAL |
| Stochastic %K (14) | 11.64 | BUY |
| CCI (20) | -158.03 | BUY |
| Williams %R (14) | -88.36 | BUY |
| MACD (12,26,9) | -0.29 | SELL |
| ROC (10) | -6.97 | SELL |
| Momentum (10) | -2.19 | SELL |
| EMA (10) | 30.52 | SELL |
| SMA (10) | 30.82 | SELL |
| EMA (20) | 31.33 | SELL |
| SMA (20) | 31.63 | SELL |
| EMA (30) | 31.76 | SELL |
| SMA (30) | 32.39 | SELL |
| EMA (50) | 32.15 | SELL |
| SMA (50) | 32.48 | SELL |
| EMA (100) | 32.31 | SELL |
| SMA (100) | 32.64 | SELL |
| EMA (200) | 31.72 | SELL |
| SMA (200) | 31.68 | SELL |
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.