WCMOXETF / FundWCM Focused International Opportunities Fund
Verdicts genuinely change. Free email alert the moment WCMOX'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.
WCM Focused International Opportunities Fund · INVESTMENT MANAGERS SERIES TRUST
64 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 33.45% of portfolio weight is in non-compliant holdings, over the 5% threshold.
64 holdings, 46 matched (80% of weight). Portfolio as of 2026-06-30, filed 2026-08-27. Source: SEC Form N-PORT.
6.33% of this portfolio’s income is non-permissible — weighted across holdings, computed over 64% of portfolio weight (37 of 64 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.
46.7% compliant 0.0% questionable 33.0% non-compliant 20.3% unscreened
All holdings (64)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| 402340.KS SK Square Co Ltd | COMPLIANT | 6.05% | AAOIFI0.1% Usmani0.7% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic0.4% MSCI Islamic M-Seriespass FTSE Shariah0.4% |
| KXHCF Kioxia Holdings Corp | COMPLIANT | 5.27% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| ENR.DE Siemens Energy AG | COMPLIANT | 3.83% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| RR.L Rolls-Royce Holdings PLC | NON_COMPLIANT | 3.30% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TSM TSMC | COMPLIANT | 3.23% | AAOIFI1.5% Usmani13.8% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic13.4% MSCI Islamic M-Series0.6% FTSE Shariah13.4% |
| BATS.L British American Tobacco PLC | NON_COMPLIANT | 2.93% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| MSILF Treasury Portfolio | UNSCREENED | 2.82% | no in-house ratios for this holding |
| Philip Morris International In | UNSCREENED | 2.73% | no in-house ratios for this holding |
| ALE.WA Allegro.eu SA | COMPLIANT | 2.38% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| SE Sea Ltd | COMPLIANT | 2.16% | AAOIFI3.7% Usmani8.8% Dow Jones Islamic3.3% S&P Shariah4.1% MSCI Islamic8.6% MSCI Islamic M-Series4.1% FTSE Shariah3.6% |
| EMBJ3.SA Embraer SA | NON_COMPLIANT | 2.09% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| UCB.BR UCB SA | COMPLIANT | 2.08% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| Nebius Group NV | UNSCREENED | 2.02% | no in-house ratios for this holding |
| Sumitomo Mitsui Financial Grou | UNSCREENED | 1.98% | no in-house ratios for this holding |
| TPEIR.AT Piraeus Bank SA | NON_COMPLIANT | 1.98% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 6857.T Advantest Corp | COMPLIANT | 1.96% | AAOIFIpass Usmani— Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| CPNG Coupang Inc | COMPLIANT | 1.92% | AAOIFI20.5% Usmani32.4% Dow Jones Islamic13.3% S&P Shariah14.3% MSCI Islamic32.4% MSCI Islamic M-Series14.3% FTSE Shariah15.0% |
| FLUT Flutter Entertainment PLC | NON_COMPLIANT | 1.80% | AAOIFI72.3% Usmani44.5% Dow Jones Islamic34.3% S&P Shariah36.7% MSCI Islamic44.5% MSCI Islamic M-Series36.7% FTSE Shariah42.5% |
| LTMC.MI Lottomatica Group Spa | NON_COMPLIANT | 1.68% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| GLE.PA Societe Generale SA | NON_COMPLIANT | 1.66% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BG.VI BAWAG Group AG | NON_COMPLIANT | 1.65% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 6981.T Murata Manufacturing Co Ltd | COMPLIANT | 1.64% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| Banca Monte dei Paschi di Sien | UNSCREENED | 1.63% | no in-house ratios for this holding |
| ARGX Argenx SE | COMPLIANT | 1.61% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| BESIY BE Semiconductor Industries NV | COMPLIANT | 1.57% | AAOIFI3.2% Usmani48.1% Dow Jones Islamic4.4% S&P Shariah4.7% MSCI Islamic46.8% MSCI Islamic M-Series4.7% FTSE Shariah46.8% |
| 105560.KS KB Financial Group Inc | NON_COMPLIANT | 1.55% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NG.L National Grid PLC | NON_COMPLIANT | 1.54% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| VIK Viking Holdings Ltd | NON_COMPLIANT | 1.54% | AAOIFI14.6% Usmani46.3% Dow Jones Islamic19.5% S&P Shariah21.5% MSCI Islamic46.3% MSCI Islamic M-Series21.5% FTSE Shariah46.3% |
| 4004.T Resonac Holdings Corp | NON_COMPLIANT | 1.53% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| KLAC KLA Corp | COMPLIANT | 1.47% | AAOIFI2.5% Usmani34.3% Dow Jones Islamic4.0% S&P Shariah4.7% MSCI Islamic34.3% MSCI Islamic M-Series4.7% FTSE Shariah32.8% |
| CBK.DE Commerzbank AG | NON_COMPLIANT | 1.44% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| PRIO SA/Brazil | UNSCREENED | 1.41% | no in-house ratios for this holding |
| NU Holdings Ltd/Cayman Islands | UNSCREENED | 1.38% | no in-house ratios for this holding |
| DFY.TO Definity Financial Corp | NON_COMPLIANT | 1.36% | AAOIFI13.6% Usmani12.6% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic12.2% MSCI Islamic M-Seriesfail FTSE Shariah12.2% |
| BAP Credicorp Ltd | NON_COMPLIANT | 1.35% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| DIM.PA Sartorius Stedim Biotech | COMPLIANT | 1.30% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| PayPay Corp | UNSCREENED | 1.30% | no in-house ratios for this holding |
| DSV.CO DSV A/S | NON_COMPLIANT | 1.30% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| WPM Wheaton Precious Metals Corp | COMPLIANT | 1.28% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| TSEM Tower Semiconductor Ltd | UNRATED | 1.27% | AAOIFI0.9% Usmani6.1% Dow Jones Islamic1.4% S&P Shariah1.8% MSCI Islamic5.3% MSCI Islamic M-Series1.8% FTSE Shariah4.9% |
| STMPA.PA STMicroelectronics NV | COMPLIANT | 1.22% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| CCH.L Coca-Cola HBC AG | COMPLIANT | 1.19% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| WiseTech Global Ltd | UNSCREENED | 1.17% | no in-house ratios for this holding |
| HEI.DE Heidelberg Materials AG | COMPLIANT | 1.16% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| TTE.PA TotalEnergies SE | NON_COMPLIANT | 1.13% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| CATL | UNSCREENED | 1.11% | no in-house ratios for this holding |
| CNQ Canadian Natural Resources Ltd | COMPLIANT | 1.09% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| Constellation Software Inc/Can | UNSCREENED | 1.08% | no in-house ratios for this holding |
| Jentech Precision Industrial C | UNSCREENED | 1.08% | no in-house ratios for this holding |
| CARL-B.CO Carlsberg AS | NON_COMPLIANT | 1.07% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| OHB.DE OHB SE | COMPLIANT | 1.06% | AAOIFI8.2% Usmani23.0% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic20.4% MSCI Islamic M-Seriespass FTSE Shariah20.4% |
| G24.DE Scout24 SE | COMPLIANT | 0.91% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| CSG.AS CSG NV | NON_COMPLIANT | 0.89% | AAOIFI22.8% Usmani44.7% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic44.7% MSCI Islamic M-Seriesfail FTSE Shariah44.7% |
| AS Amer Sports Inc | COMPLIANT | 0.85% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| MDA Space Ltd | UNSCREENED | 0.84% | no in-house ratios for this holding |
| 2914.T Japan Tobacco Inc | NON_COMPLIANT | 0.84% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ONON On Holding AG | COMPLIANT | 0.83% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| GRAB Grab Holdings Ltd | NON_COMPLIANT | 0.82% | AAOIFI14.7% Usmani17.1% Dow Jones Islamic11.1% S&P Shariah12.2% MSCI Islamic17.1% MSCI Islamic M-Series12.2% FTSE Shariah17.1% |
| CAD SPOT FORWARD CONTRACT / | UNSCREENED | 0.01% | no in-house ratios for this holding |
| GBP SPOT FORWARD CONTRACT / | UNSCREENED | 0.01% | no in-house ratios for this holding |
| JAPANESE YEN / | UNSCREENED | 0.01% | no in-house ratios for this holding |
| JPY SPOT FORWARD CONTRACT / | UNSCREENED | 0.01% | no in-house ratios for this holding |
| EURO CURRENCY / | UNSCREENED | 0.00% | no in-house ratios for this holding |
| CSU.TO CONSTELLATION SOFTWARE INC | COMPLIANT | 0.00% | AAOIFI13.2% Usmani38.4% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic35.8% MSCI Islamic M-Seriespass FTSE Shariah35.8% |
The published standards disagree about this fund by 16 points of portfolio weight — 40.0% of it passes AAOIFI, 23.5% 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 40.0% ratios fail on 31.1% 30.3% not rated under AAOIFI
ratios pass on 23.5% ratios fail on 45.6% 32.2% not rated under Usmani
ratios pass on 40.0% ratios fail on 31.1% 30.3% not rated under Dow Jones Islamic
ratios pass on 38.9% ratios fail on 32.2% 30.3% not rated under S&P Shariah
ratios pass on 24.8% ratios fail on 46.3% 30.3% not rated under MSCI Islamic
ratios pass on 38.9% ratios fail on 32.2% 30.3% not rated under MSCI Islamic M-Series
ratios pass on 28.3% ratios fail on 42.8% 30.3% not rated under FTSE Shariah
46 of 64 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, 16 (27% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| RR.L Rolls-Royce Holdings PLC | 3.30% |
| BATS.L British American Tobacco PLC | 2.93% |
| EMBJ3.SA Embraer SA | 2.09% |
| TPEIR.AT Piraeus Bank SA | 1.98% |
| FLUT Flutter Entertainment PLC | 1.80% |
| LTMC.MI Lottomatica Group Spa | 1.68% |
| GLE.PA Societe Generale SA | 1.66% |
| BG.VI BAWAG Group AG | 1.65% |
| 105560.KS KB Financial Group Inc | 1.55% |
| NG.L National Grid PLC | 1.54% |
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
WCM Focused International Opportunities Fund (WCMOX) 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 |
|---|---|---|
| 402340.KSSK Square Co Ltd | 6.05% | Compliant |
| KXHCFKioxia Holdings Corp | 5.27% | Compliant |
| ENR.DESiemens Energy AG | 3.83% | Compliant |
| RR.LRolls-Royce Holdings PLC | 3.30% | Non-compliant |
| TSMTSMC | 3.23% | Compliant |
| BATS.LBritish American Tobacco PLC | 2.93% | Non-compliant |
| MSILF Treasury Portfolionot matched to a ticker | 2.82% | Not screened |
| Philip Morris International Innot matched to a ticker | 2.73% | Not screened |
| ALE.WAAllegro.eu SA | 2.38% | Compliant |
| SESea Ltd | 2.16% | Compliant |
Top 10 of 64 holdings, 34.7% 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.
- RR.Lnon-compliant3.30%
- BATS.Lnon-compliant2.93%
- MSILF Treasury Portfolionot screened2.82%
- Philip Morris International Innot screened2.73%
- EMBJ3.SAnon-compliant2.09%
- Nebius Group NVnot screened2.02%
What changed, and when
Verdict history for WCMOX. 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 WCMOX 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.
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) | 47.60 | NEUTRAL |
| Stochastic %K (14) | 66.13 | NEUTRAL |
| CCI (20) | 13.29 | NEUTRAL |
| Williams %R (14) | -33.87 | NEUTRAL |
| MACD (12,26,9) | 0.04 | BUY |
| ROC (10) | 0.44 | BUY |
| Momentum (10) | 0.06 | BUY |
| EMA (10) | 13.70 | SELL |
| SMA (10) | 13.67 | BUY |
| EMA (20) | 13.74 | SELL |
| SMA (20) | 13.68 | BUY |
| EMA (30) | 13.82 | SELL |
| SMA (30) | 13.78 | SELL |
| EMA (50) | 13.96 | SELL |
| SMA (50) | 14.02 | SELL |
| EMA (100) | 14.10 | SELL |
| SMA (100) | 14.33 | SELL |
| EMA (200) | 13.86 | SELL |
| SMA (200) | 14.02 | 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.