VCISXETF / FundVirtus KAR International Small-Mid Cap Fund
Verdicts genuinely change. Free email alert the moment VCISX'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.
Virtus KAR International Small-Mid Cap Fund · Virtus Opportunities Trust
34 holdings
NON-COMPLIANT At least 25.86% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 32% turns out to be. Matching more holdings can only raise this share, never lower it.
34 holdings, 21 matched (67% of weight). Portfolio as of 2026-06-30, filed 2026-08-28. Source: SEC Form N-PORT.
6.47% of this portfolio’s income is non-permissible — weighted across holdings, computed over 65% of portfolio weight (19 of 34 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 (34)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| CORPORACION MOCTEZUMA SAB DE CV | UNSCREENED | 6.26% | no in-house ratios for this holding |
| FBK.MI FINECOBANK BANCA FINECO SPA | NON_COMPLIANT | 6.04% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CAIXA SEGURIDADE PARTICIPACOES SA | UNSCREENED | 5.75% | no in-house ratios for this holding |
| H02.SI HAW PAR CORP LTD | NON_COMPLIANT | 5.45% | AAOIFI1.4% Usmani1.0% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic1.0% MSCI Islamic M-Seriesfail FTSE Shariah1.0% |
| AJB.L AJ BELL PLC | COMPLIANT | 5.40% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| EPI-A.ST EPIROC AB | COMPLIANT | 5.00% | AAOIFI6.4% Usmani28.6% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic25.1% MSCI Islamic M-Seriespass FTSE Shariah25.1% |
| MTX.DE MTU AERO ENGINES AG | NON_COMPLIANT | 3.92% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| HWDN.L HOWDEN JOINERY GROUP PLC | COMPLIANT | 3.68% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| SPX.L SPIRAX GROUP PLC | COMPLIANT | 3.61% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| 7476.T AS ONE CORP | COMPLIANT | 3.57% | AAOIFI2.7% Usmani4.6% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.6% MSCI Islamic M-Seriespass FTSE Shariah4.6% |
| OOH! MEDIA LTD | UNSCREENED | 3.30% | no in-house ratios for this holding |
| 7734.T RIKEN KEIKI CO LTD | COMPLIANT | 3.07% | AAOIFI2.5% Usmani5.8% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic3.8% MSCI Islamic M-Seriespass FTSE Shariah3.8% |
| 1882.HK HAITIAN INTERNATIONAL HOLDINGS LTD | NON_COMPLIANT | 2.83% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ALE.WA ALLEGRO.EU SA | COMPLIANT | 2.75% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| KNORR BREMSE AG | UNSCREENED | 2.68% | no in-house ratios for this holding |
| 3064.T MONOTARO COMPANY LTD | COMPLIANT | 2.67% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 9962.T MISUMI GROUP INC | COMPLIANT | 2.65% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| SDF.AX STEADFAST GROUP LTD | NON_COMPLIANT | 2.49% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| PASON SYSTEMS INC | UNSCREENED | 2.44% | no in-house ratios for this holding |
| DIM.PA SARTORIUS STEDIM BIOTECH SA | COMPLIANT | 2.22% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| BEIJ-B.ST BEIJER REF AB | COMPLIANT | 2.18% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| JAPAN ELEVATOR SERVICE HOLDINGS CO LTD | UNSCREENED | 2.15% | no in-house ratios for this holding |
| IHP.L INTEGRAFIN HOLDINGS PLC | NON_COMPLIANT | 1.79% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| S1 CORP (KR) | UNSCREENED | 1.79% | no in-house ratios for this holding |
| RIVERSTONE HOLDINGS LTD | UNSCREENED | 1.74% | no in-house ratios for this holding |
| VACN.SW VAT GROUP AG | COMPLIANT | 1.62% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| QUALITAS CONTROLADORA SAB DE CV | UNSCREENED | 1.46% | no in-house ratios for this holding |
| HEINEKEN MALAYSIA BHD | UNSCREENED | 1.39% | no in-house ratios for this holding |
| INW.MI INFRASTRUTTURE WIRELESS ITALIANE SPA | NON_COMPLIANT | 1.27% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NICE INFORMATION SERVICE COMPANY LTD | UNSCREENED | 1.24% | no in-house ratios for this holding |
| FORT.L FORTERRA PLC | NON_COMPLIANT | 1.06% | AAOIFI30.3% Usmani24.4% Dow Jones Islamic— S&P Shariah— MSCI Islamic19.6% MSCI Islamic M-Series— FTSE Shariah19.6% |
| MAB1.L MORTGAGE ADVICE BUREAU (HOLDINGS) PLC | NON_COMPLIANT | 1.00% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| LUMAX INTERNATIONAL CORP LTD | UNSCREENED | 0.88% | no in-house ratios for this holding |
| DAYAMITRA TELEKOMUNIKASI TBK PT | UNSCREENED | 0.55% | no in-house ratios for this holding |
The published standards disagree about this fund by 21 points of portfolio weight — 38.4% of it passes AAOIFI, 17.4% 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 38.4% ratios fail on 25.9% 31.6% not rated under AAOIFI
ratios pass on 21.3% ratios fail on 41.9% 32.7% not rated under Usmani
ratios pass on 38.4% ratios fail on 24.8% 32.7% not rated under Dow Jones Islamic
ratios pass on 38.4% ratios fail on 24.8% 32.7% not rated under S&P Shariah
ratios pass on 17.4% ratios fail on 45.8% 32.7% not rated under MSCI Islamic
ratios pass on 38.4% ratios fail on 24.8% 32.7% not rated under MSCI Islamic M-Series
ratios pass on 29.4% ratios fail on 33.8% 32.7% not rated under FTSE Shariah
21 of 34 listed holdings carry our own per-methodology verdicts (64% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 5 (18% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| FBK.MI FINECOBANK BANCA FINECO SPA | 6.04% |
| H02.SI HAW PAR CORP LTD | 5.45% |
| MTX.DE MTU AERO ENGINES AG | 3.92% |
| 1882.HK HAITIAN INTERNATIONAL HOLDINGS LTD | 2.83% |
| SDF.AX STEADFAST GROUP LTD | 2.49% |
| IHP.L INTEGRAFIN HOLDINGS PLC | 1.79% |
| INW.MI INFRASTRUTTURE WIRELESS ITALIANE SPA | 1.27% |
| FORT.L FORTERRA PLC | 1.06% |
| MAB1.L MORTGAGE ADVICE BUREAU (HOLDINGS) PLC | 1.00% |
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Virtus KAR International Small-Mid Cap Fund (VCISX) 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 |
|---|---|---|
| CORPORACION MOCTEZUMA SAB DE CVnot matched to a ticker | 6.26% | Not screened |
| FBK.MIFINECOBANK BANCA FINECO SPA | 6.04% | Non-compliant |
| CAIXA SEGURIDADE PARTICIPACOES SAnot matched to a ticker | 5.75% | Not screened |
| H02.SIHAW PAR CORP LTD | 5.45% | Non-compliant |
| AJB.LAJ BELL PLC | 5.40% | Compliant |
| EPI-A.STEPIROC AB | 5.00% | Compliant |
| MTX.DEMTU AERO ENGINES AG | 3.92% | Non-compliant |
| HWDN.LHOWDEN JOINERY GROUP PLC | 3.68% | Compliant |
| SPX.LSPIRAX GROUP PLC | 3.61% | Compliant |
| 7476.TAS ONE CORP | 3.57% | Compliant |
Top 10 of 34 holdings, 48.7% 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.
- CORPORACION MOCTEZUMA SAB DE CVnot screened6.26%
- FBK.MInon-compliant6.04%
- CAIXA SEGURIDADE PARTICIPACOES SAnot screened5.75%
- H02.SInon-compliant5.45%
- MTX.DEnon-compliant3.92%
- OOH! MEDIA LTDnot screened3.30%
What changed, and when
Verdict history for VCISX. 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 VCISX has been recorded since tracking began. The scan ledger records that the compliance detectors ran, not which symbols each pass covered.
Tracked since 2026-09-07.
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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) | 46.20 | NEUTRAL |
| Stochastic %K (14) | 0.00 | BUY |
| CCI (20) | -141.01 | BUY |
| Williams %R (14) | -100.00 | BUY |
| MACD (12,26,9) | -0.01 | SELL |
| ROC (10) | -0.29 | SELL |
| Momentum (10) | -0.06 | SELL |
| EMA (10) | 20.78 | SELL |
| SMA (10) | 20.79 | SELL |
| EMA (20) | 20.76 | SELL |
| SMA (20) | 20.79 | SELL |
| EMA (30) | 20.74 | SELL |
| SMA (30) | 20.69 | SELL |
| EMA (50) | 20.70 | SELL |
| SMA (50) | 20.70 | SELL |
| EMA (100) | 20.59 | BUY |
| SMA (100) | 20.64 | SELL |
| EMA (200) | 20.34 | BUY |
| SMA (200) | 20.29 | BUY |
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.