WCMRXETF / FundWCM Focused International Growth Fund
Verdicts genuinely change. Free email alert the moment WCMRX'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 Growth Fund · INVESTMENT MANAGERS SERIES TRUST
44 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 28.26% of portfolio weight is in non-compliant holdings, over the 5% threshold.
44 holdings, 32 matched (80% of weight). Portfolio as of 2026-06-30, filed 2026-08-27. Source: SEC Form N-PORT.
7.13% of this portfolio’s income is non-permissible — weighted across holdings, computed over 73% of portfolio weight (28 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.
51.7% compliant 0.0% questionable 28.0% non-compliant 20.3% unscreened
All holdings (44)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| ENR.DE Siemens Energy AG | COMPLIANT | 7.76% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| TSM TSMC | COMPLIANT | 7.70% | AAOIFI1.5% Usmani13.8% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic13.4% MSCI Islamic M-Series0.6% FTSE Shariah13.4% |
| Seagate Technology Holdings PL | UNSCREENED | 5.85% | no in-house ratios for this holding |
| RR.L Rolls-Royce Holdings PLC | NON_COMPLIANT | 5.13% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ASML ASML Holding NV | COMPLIANT | 4.66% | AAOIFI0.8% Usmani8.7% Dow Jones Islamic1.3% S&P Shariah1.4% MSCI Islamic8.7% MSCI Islamic M-Series1.4% FTSE Shariah8.7% |
| 000660.KS SK hynix Inc | COMPLIANT | 4.63% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| SE Sea Ltd | COMPLIANT | 3.57% | AAOIFI3.7% Usmani8.8% Dow Jones Islamic3.3% S&P Shariah4.1% MSCI Islamic8.6% MSCI Islamic M-Series4.1% FTSE Shariah3.6% |
| Philip Morris International In | UNSCREENED | 3.41% | no in-house ratios for this holding |
| SAFRY Safran SA | COMPLIANT | 3.28% | AAOIFI3.9% Usmani9.9% Dow Jones Islamic19.4% S&P Shariah22.2% MSCI Islamic8.6% MSCI Islamic M-Series22.2% FTSE Shariah8.6% |
| BA.L BAE Systems PLC | NON_COMPLIANT | 3.25% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NVS Novartis AG | COMPLIANT | 2.67% | AAOIFI12.5% Usmani25.9% Dow Jones Islamic11.8% S&P Shariah12.6% MSCI Islamic25.9% MSCI Islamic M-Series12.6% FTSE Shariah25.9% |
| BATS.L British American Tobacco PLC | NON_COMPLIANT | 2.40% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Canadian Pacific Kansas City L | UNSCREENED | 2.30% | no in-house ratios for this holding |
| UBSG.SW UBS Group AG | NON_COMPLIANT | 2.23% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SPOT Spotify Technology SA | NON_COMPLIANT | 2.21% | AAOIFI1.6% Usmani9.7% Dow Jones Islamic1.5% S&P Shariah1.9% MSCI Islamic9.7% MSCI Islamic M-Series1.9% FTSE Shariah9.7% |
| 6857.T Advantest Corp | COMPLIANT | 2.07% | AAOIFIpass Usmani— Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 005930.KS Samsung Electronics Co Ltd | COMPLIANT | 2.03% | AAOIFI1.4% Usmani5.3% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.5% MSCI Islamic M-Seriespass FTSE Shariah4.5% |
| ACGL Arch Capital Group Ltd | NON_COMPLIANT | 2.02% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| AZN AstraZeneca PLC | COMPLIANT | 2.01% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| Teva Pharmaceutical Industries | UNSCREENED | 2.00% | no in-house ratios for this holding |
| CATL | UNSCREENED | 1.97% | no in-house ratios for this holding |
| ASMIY ASM International NV | COMPLIANT | 1.94% | AAOIFI0.0% Usmani0.5% Dow Jones Islamic0.0% S&P Shariah0.1% MSCI Islamic0.3% MSCI Islamic M-Series0.1% FTSE Shariah0.3% |
| FERG Ferguson Enterprises Inc | UNRATED | 1.78% | AAOIFI15.7% Usmani35.7% Dow Jones Islamic16.4% S&P Shariah17.1% MSCI Islamic35.7% MSCI Islamic M-Series17.1% FTSE Shariah25.4% |
| NG.L National Grid PLC | NON_COMPLIANT | 1.78% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TRP TC Energy Corp | NON_COMPLIANT | 1.73% | AAOIFI2.2% Usmani1.7% Dow Jones Islamic2.6% S&P Shariah2.9% MSCI Islamic1.7% MSCI Islamic M-Series2.9% FTSE Shariah1.3% |
| LIN Linde PLC | COMPLIANT | 1.71% | AAOIFI13.0% Usmani31.7% Dow Jones Islamic13.0% S&P Shariah13.4% MSCI Islamic31.7% MSCI Islamic M-Series13.4% FTSE Shariah31.7% |
| ICICIBANK.NS ICICI Bank Ltd | NON_COMPLIANT | 1.62% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| III.L 3i Group PLC | COMPLIANT | 1.60% | AAOIFI4.4% Usmani3.9% Dow Jones Islamic— S&P Shariah— MSCI Islamic3.9% MSCI Islamic M-Series— FTSE Shariah3.9% |
| NU Holdings Ltd/Cayman Islands | UNSCREENED | 1.55% | no in-house ratios for this holding |
| GLE.PA Societe Generale SA | NON_COMPLIANT | 1.52% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| MDT Medtronic PLC | COMPLIANT | 1.51% | AAOIFI24.4% Usmani31.5% Dow Jones Islamic26.4% S&P Shariah27.4% MSCI Islamic31.4% MSCI Islamic M-Series27.4% FTSE Shariah30.2% |
| CNQ Canadian Natural Resources Ltd | COMPLIANT | 1.50% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| LLOY.L Lloyds Banking Group PLC | NON_COMPLIANT | 1.50% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| DB1.DE Deutsche Boerse AG | NON_COMPLIANT | 1.35% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| UMB MONEY MARKET II SPECIAL / | UNSCREENED | 1.30% | no in-house ratios for this holding |
| WCN Waste Connections Inc | COMPLIANT | 1.12% | AAOIFI16.4% Usmani44.9% Dow Jones Islamic21.4% S&P Shariah22.2% MSCI Islamic44.9% MSCI Islamic M-Series22.2% FTSE Shariah43.4% |
| AON Aon PLC | NON_COMPLIANT | 1.10% | AAOIFI22.9% Usmani29.4% Dow Jones Islamic20.7% S&P Shariah21.9% MSCI Islamic29.4% MSCI Islamic M-Series21.9% FTSE Shariah28.1% |
| Mitsubishi Heavy Industries Lt | UNSCREENED | 1.03% | no in-house ratios for this holding |
| 7974.T Nintendo Co Ltd | COMPLIANT | 0.54% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| EUR SPOT FORWARD CONTRACT / | UNSCREENED | 0.43% | no in-house ratios for this holding |
| ADYEN.AS Adyen NV | NON_COMPLIANT | 0.41% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| GBP SPOT FORWARD CONTRACT / | UNSCREENED | 0.35% | no in-house ratios for this holding |
| JPY SPOT FORWARD CONTRACT / | UNSCREENED | 0.24% | no in-house ratios for this holding |
| JAPANESE YEN / | UNSCREENED | 0.03% | no in-house ratios for this holding |
The published standards disagree about this fund by 21 points of portfolio weight — 50.7% of it passes AAOIFI, 29.3% 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 50.7% ratios fail on 24.3% 25.7% not rated under AAOIFI
ratios pass on 33.5% ratios fail on 41.2% 26.0% not rated under Usmani
ratios pass on 43.2% ratios fail on 27.6% 30.0% not rated under Dow Jones Islamic
ratios pass on 43.2% ratios fail on 27.6% 30.0% not rated under S&P Shariah
ratios pass on 29.3% ratios fail on 43.3% 28.2% not rated under MSCI Islamic
ratios pass on 43.2% ratios fail on 27.6% 30.0% not rated under MSCI Islamic M-Series
ratios pass on 31.3% ratios fail on 39.5% 30.0% not rated under FTSE Shariah
32 of 44 listed holdings carry our own per-methodology verdicts (80% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 16 (41% 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 | 5.13% |
| BA.L BAE Systems PLC | 3.25% |
| BATS.L British American Tobacco PLC | 2.40% |
| UBSG.SW UBS Group AG | 2.23% |
| SPOT Spotify Technology SA | 2.21% |
| ACGL Arch Capital Group Ltd | 2.02% |
| NG.L National Grid PLC | 1.78% |
| TRP TC Energy Corp | 1.73% |
| ICICIBANK.NS ICICI Bank Ltd | 1.62% |
| GLE.PA Societe Generale SA | 1.52% |
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
WCM Focused International Growth Fund (WCMRX) 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 |
|---|---|---|
| ENR.DESiemens Energy AG | 7.76% | Compliant |
| TSMTSMC | 7.70% | Compliant |
| Seagate Technology Holdings PLnot matched to a ticker | 5.85% | Not screened |
| RR.LRolls-Royce Holdings PLC | 5.13% | Non-compliant |
| ASMLASML Holding NV | 4.66% | Compliant |
| 000660.KSSK hynix Inc | 4.63% | Compliant |
| SESea Ltd | 3.57% | Compliant |
| Philip Morris International Innot matched to a ticker | 3.41% | Not screened |
| SAFRYSafran SA | 3.28% | Compliant |
| BA.LBAE Systems PLC | 3.25% | Non-compliant |
Top 10 of 44 holdings, 49.2% 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.
- Seagate Technology Holdings PLnot screened5.85%
- RR.Lnon-compliant5.13%
- Philip Morris International Innot screened3.41%
- BA.Lnon-compliant3.25%
- BATS.Lnon-compliant2.40%
- Canadian Pacific Kansas City Lnot screened2.30%
What changed, and when
Verdict history for WCMRX. 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 WCMRX 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 3 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) | 48.10 | NEUTRAL |
| Stochastic %K (14) | 71.70 | NEUTRAL |
| CCI (20) | 13.51 | NEUTRAL |
| Williams %R (14) | -28.30 | NEUTRAL |
| MACD (12,26,9) | 0.02 | BUY |
| ROC (10) | -0.81 | SELL |
| Momentum (10) | -0.21 | SELL |
| EMA (10) | 25.54 | BUY |
| SMA (10) | 25.55 | BUY |
| EMA (20) | 25.80 | BUY |
| SMA (20) | 25.76 | BUY |
| EMA (30) | 26.05 | SELL |
| SMA (30) | 26.14 | SELL |
| EMA (50) | 26.40 | SELL |
| SMA (50) | 26.59 | SELL |
| EMA (100) | 26.70 | SELL |
| SMA (100) | 27.18 | SELL |
| EMA (200) | 26.30 | SELL |
| SMA (200) | 26.63 | 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.