ARAFXETF / FundAristotle International Equity Fund
Verdicts genuinely change. Free email alert the moment ARAFX's does — no target price to set, unlike "Alert" above.
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.
Aristotle International Equity Fund · Aristotle Fund Series Trust
41 holdings
NON-COMPLIANT 35.36% of portfolio weight is in non-compliant holdings, over the 5% threshold.
41 holdings, 34 matched (85% of weight). Portfolio as of 2026-06-30, filed 2026-08-26. Source: SEC Form N-PORT.
1.19% of this portfolio’s income is non-permissible — weighted across holdings, computed over 66% of portfolio weight (29 of 41 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.
48.8% compliant 0.0% questionable 35.4% non-compliant 15.4% unscreened
All holdings (41)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| 005930.KS Samsung Electronics Co Ltd | COMPLIANT | 4.98% | AAOIFI1.4% Usmani5.3% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.5% MSCI Islamic M-Seriespass FTSE Shariah4.5% |
| BAP Credicorp Ltd | NON_COMPLIANT | 4.84% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| EBS.VI Erste Group Bank AG | NON_COMPLIANT | 4.66% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SAFRY Safran SA | COMPLIANT | 4.60% | AAOIFI3.9% Usmani9.9% Dow Jones Islamic19.4% S&P Shariah22.2% MSCI Islamic8.6% MSCI Islamic M-Series22.2% FTSE Shariah8.6% |
| D05.SI DBS Group Holdings Ltd | NON_COMPLIANT | 4.15% | AAOIFI33.5% Usmani8.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic8.4% MSCI Islamic M-Seriesfail FTSE Shariah8.4% |
| BN Brookfield Corp | NON_COMPLIANT | 4.11% | AAOIFI15.3% Usmani2.8% Dow Jones Islamic14.1% S&P Shariah15.8% MSCI Islamic2.8% MSCI Islamic M-Series15.8% FTSE Shariah2.8% |
| FRCOY Fast Retailing Co Ltd | COMPLIANT | 3.44% | AAOIFI2.5% Usmani26.6% Dow Jones Islamic29.5% S&P Shariah32.8% MSCI Islamic13.3% MSCI Islamic M-Series32.8% FTSE Shariah13.3% |
| CCJ Cameco Corp | COMPLIANT | 3.41% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| RO.SW Roche Holding AG | COMPLIANT | 3.34% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 0669.HK Techtronic Industries Co Ltd | COMPLIANT | 3.32% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| CCEP.AS Coca-Cola Europacific Partners | COMPLIANT | 3.05% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 6758.T Sony Group Corp | COMPLIANT | 2.89% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| ALL.AX Aristocrat Leisure Ltd | NON_COMPLIANT | 2.88% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| MICC.AS Magnum Ice Cream Co NV/The | NON_COMPLIANT | 2.82% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SUNB Sunbelt Rentals Holdings Inc | NON_COMPLIANT | 2.78% | AAOIFI38.5% Usmani49.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic48.4% MSCI Islamic M-Seriesfail FTSE Shariah36.2% |
| Pan Pacific International Hold | UNSCREENED | 2.61% | no in-house ratios for this holding |
| Munich Re | UNSCREENED | 2.50% | no in-house ratios for this holding |
| US BANK MMDA - USBGFS 9 | UNSCREENED | 2.35% | no in-house ratios for this holding |
| Wal-Mart de Mexico SAB de CV | UNSCREENED | 2.32% | no in-house ratios for this holding |
| TTE.PA TotalEnergies SE | NON_COMPLIANT | 2.28% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| HLN Haleon PLC | COMPLIANT | 2.15% | AAOIFI27.2% Usmani26.4% Dow Jones Islamic13.2% S&P Shariah13.9% MSCI Islamic26.4% MSCI Islamic M-Series13.9% FTSE Shariah26.4% |
| Otsuka Holdings Co Ltd | UNSCREENED | 2.07% | no in-house ratios for this holding |
| Michelin | UNSCREENED | 2.04% | no in-house ratios for this holding |
| GSK GSK PLC | COMPLIANT | 2.01% | AAOIFI19.2% Usmani23.6% Dow Jones Islamic10.6% S&P Shariah11.2% MSCI Islamic23.6% MSCI Islamic M-Series11.2% FTSE Shariah23.6% |
| 6954.T FANUC Corp | COMPLIANT | 1.93% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| ASSA-B.ST Assa Abloy AB | COMPLIANT | 1.87% | AAOIFI17.4% Usmani34.5% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic31.4% MSCI Islamic M-Seriespass FTSE Shariah31.4% |
| 3064.T MonotaRO Co Ltd | COMPLIANT | 1.85% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 6367.T Daikin Industries Ltd | COMPLIANT | 1.74% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| ALC Alcon AG | COMPLIANT | 1.67% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| NEM.DE Nemetschek SE | COMPLIANT | 1.53% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| LVMH Moet Hennessy Louis Vuitt | UNSCREENED | 1.50% | no in-house ratios for this holding |
| EXPN.L Experian PLC | COMPLIANT | 1.46% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| RTO.L Rentokil Initial PLC | NON_COMPLIANT | 1.45% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| HEIA.AS Heineken NV | NON_COMPLIANT | 1.44% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 1299.HK AIA Group Ltd | NON_COMPLIANT | 1.38% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| DGE.L Diageo PLC | NON_COMPLIANT | 1.37% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SY1.DE Symrise AG | COMPLIANT | 1.26% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| AKZA.AS Akzo Nobel NV | NON_COMPLIANT | 1.22% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| DSFIR.AS DSM-Firmenich AG | COMPLIANT | 1.19% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| ACN Accenture PLC | COMPLIANT | 1.09% | AAOIFI7.7% Usmani12.2% Dow Jones Islamic5.0% S&P Shariah4.7% MSCI Islamic12.2% MSCI Islamic M-Series4.7% FTSE Shariah7.5% |
| UL Unilever PLC | COMPLIANT | 0.00% | AAOIFI27.6% Usmani41.0% Dow Jones Islamic23.6% S&P Shariah24.9% MSCI Islamic39.2% MSCI Islamic M-Series24.9% FTSE Shariah39.2% |
The published standards disagree about this fund by 18 points of portfolio weight — 47.8% of it passes AAOIFI, 29.6% 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 47.8% ratios fail on 31.3% 20.5% not rated under AAOIFI
ratios pass on 29.6% ratios fail on 45.3% 24.6% not rated under Usmani
ratios pass on 39.8% ratios fail on 39.3% 20.5% not rated under Dow Jones Islamic
ratios pass on 36.7% ratios fail on 42.3% 20.5% not rated under S&P Shariah
ratios pass on 35.5% ratios fail on 43.5% 20.5% not rated under MSCI Islamic
ratios pass on 36.7% ratios fail on 42.3% 20.5% not rated under MSCI Islamic M-Series
ratios pass on 40.2% ratios fail on 38.9% 20.5% not rated under FTSE Shariah
34 of 41 listed holdings carry our own per-methodology verdicts (84% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 11 (31% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| BAP Credicorp Ltd | 4.84% |
| EBS.VI Erste Group Bank AG | 4.66% |
| D05.SI DBS Group Holdings Ltd | 4.15% |
| BN Brookfield Corp | 4.11% |
| ALL.AX Aristocrat Leisure Ltd | 2.88% |
| MICC.AS Magnum Ice Cream Co NV/The | 2.82% |
| SUNB Sunbelt Rentals Holdings Inc | 2.78% |
| TTE.PA TotalEnergies SE | 2.28% |
| RTO.L Rentokil Initial PLC | 1.45% |
| HEIA.AS Heineken NV | 1.44% |
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Aristotle International Equity Fund (ARAFX) 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 |
|---|---|---|
| 005930.KSSamsung Electronics Co Ltd | 4.98% | Compliant |
| BAPCredicorp Ltd | 4.84% | Non-compliant |
| EBS.VIErste Group Bank AG | 4.66% | Non-compliant |
| SAFRYSafran SA | 4.60% | Compliant |
| D05.SIDBS Group Holdings Ltd | 4.15% | Non-compliant |
| BNBrookfield Corp | 4.11% | Non-compliant |
| FRCOYFast Retailing Co Ltd | 3.44% | Compliant |
| CCJCameco Corp | 3.41% | Compliant |
| RO.SWRoche Holding AG | 3.34% | Compliant |
| 0669.HKTechtronic Industries Co Ltd | 3.32% | Compliant |
Top 10 of 41 holdings, 40.8% 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.
- BAPnon-compliant4.84%
- EBS.VInon-compliant4.66%
- D05.SInon-compliant4.15%
- BNnon-compliant4.11%
- ALL.AXnon-compliant2.88%
- MICC.ASnon-compliant2.82%
What changed, and when
Verdict history for ARAFX. 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 ARAFX 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 4 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) | 53.90 | NEUTRAL |
| Stochastic %K (14) | 66.67 | NEUTRAL |
| CCI (20) | 45.94 | NEUTRAL |
| Williams %R (14) | -33.33 | NEUTRAL |
| MACD (12,26,9) | 0.02 | BUY |
| ROC (10) | 0.55 | BUY |
| Momentum (10) | 0.07 | BUY |
| EMA (10) | 12.84 | BUY |
| SMA (10) | 12.88 | SELL |
| EMA (20) | 12.80 | BUY |
| SMA (20) | 12.74 | BUY |
| EMA (30) | 12.79 | BUY |
| SMA (30) | 12.70 | BUY |
| EMA (50) | 12.80 | BUY |
| SMA (50) | 12.83 | BUY |
| EMA (100) | 12.76 | BUY |
| SMA (100) | 12.85 | SELL |
| EMA (200) | 12.54 | BUY |
| SMA (200) | 12.60 | 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.