Verdicts genuinely change. Free email alert the moment CUSCX'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.
Cullen Small Cap Value Fund · Cullen Funds Trust
35 holdings
NON-COMPLIANT 71.07% of portfolio weight is in non-compliant holdings, over the 5% threshold.
35 holdings, 27 matched (80% of weight). Portfolio as of 2026-06-30, filed 2026-08-24. Source: SEC Form N-PORT.
1.81% of this portfolio’s income is non-permissible — weighted across holdings, computed over 57% of portfolio weight (19 of 35 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.
8.6% compliant 0.0% questionable 70.9% non-compliant 20.5% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| VAC MARRIOTT VACATIONS WORLDWIDE CORP | NON_COMPLIANT | 8.67% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| MBC MASTERBRAND INC | NON_COMPLIANT | 5.29% | AAOIFI84.0% Usmani31.1% Dow Jones Islamic87.6% S&P Shariah82.2% MSCI Islamic31.1% MSCI Islamic M-Series82.2% FTSE Shariah24.4% |
| MHO M/I HOMES INC | COMPLIANT | 5.24% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| KWR QUAKER CHEMICAL CORP | NON_COMPLIANT | 4.98% | AAOIFI33.2% Usmani32.4% Dow Jones Islamic38.2% S&P Shariah34.7% MSCI Islamic32.4% MSCI Islamic M-Series34.7% FTSE Shariah30.6% |
| AVIENT CORP | UNSCREENED | 4.75% | no in-house ratios for this holding |
| BARRETT BUSINESS SERVICES INC | UNSCREENED | 4.72% | no in-house ratios for this holding |
| DOUG DOUGLAS ELLIMAN INC | NON_COMPLIANT | 4.43% | AAOIFI59.6% Usmani22.2% Dow Jones Islamic51.8% S&P Shariah54.3% MSCI Islamic22.2% MSCI Islamic M-Series54.3% FTSE Shariah0.0% |
| FBIN FORTUNE BRANDS INNOVATIONS INC | NON_COMPLIANT | 3.99% | AAOIFI54.4% Usmani44.1% Dow Jones Islamic41.4% S&P Shariah37.9% MSCI Islamic44.1% MSCI Islamic M-Series37.9% FTSE Shariah40.2% |
| PFSI PENNYMAC FINANCIAL SERVICES INC | NON_COMPLIANT | 3.47% | AAOIFI169.1% Usmani21.2% Dow Jones Islamic120.8% S&P Shariah129.5% MSCI Islamic21.2% MSCI Islamic M-Series129.5% FTSE Shariah21.2% |
| FHN FIRST HORIZON CORP | NON_COMPLIANT | 3.44% | AAOIFI187.6% Usmani26.2% Dow Jones Islamic208.5% S&P Shariah233.7% MSCI Islamic26.2% MSCI Islamic M-Series233.7% FTSE Shariah26.2% |
| CUZ COUSINS PROPERTIES INC | NON_COMPLIANT | 3.29% | AAOIFI77.9% Usmani41.3% Dow Jones Islamic85.2% S&P Shariah94.4% MSCI Islamic41.3% MSCI Islamic M-Series94.4% FTSE Shariah41.3% |
| BELDEN INC | UNSCREENED | 3.22% | no in-house ratios for this holding |
| HIGHWOODS PROPERTIES INC | UNSCREENED | 3.18% | no in-house ratios for this holding |
| HUN HUNTSMAN CORP | NON_COMPLIANT | 3.12% | AAOIFI147.4% Usmani34.9% Dow Jones Islamic109.6% S&P Shariah90.4% MSCI Islamic34.9% MSCI Islamic M-Series90.4% FTSE Shariah28.8% |
| WSBC WESBANCO INC | NON_COMPLIANT | 3.08% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| EFSC ENTERPRISE FINANCIAL SERVICES CORP | NON_COMPLIANT | 2.98% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| SFNC SIMMONS FIRST NATIONAL CORP | NON_COMPLIANT | 2.82% | AAOIFI9.6% Usmani1.3% Dow Jones Islamic12.0% S&P Shariah13.1% MSCI Islamic1.3% MSCI Islamic M-Series13.1% FTSE Shariah1.3% |
| LDI LOANDEPOT INC | NON_COMPLIANT | 2.75% | AAOIFI668.5% Usmani31.8% Dow Jones Islamic334.2% S&P Shariah316.9% MSCI Islamic31.8% MSCI Islamic M-Series316.9% FTSE Shariah31.8% |
| MBUU MALIBU BOATS INC | NON_COMPLIANT | 2.75% | AAOIFI33.8% Usmani17.7% Dow Jones Islamic28.1% S&P Shariah25.4% MSCI Islamic17.7% MSCI Islamic M-Series25.4% FTSE Shariah16.6% |
| SSB SOUTHSTATE BANK CORP | NON_COMPLIANT | 2.39% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| VREX VAREX IMAGING CORP | NON_COMPLIANT | 2.37% | AAOIFI79.3% Usmani34.5% Dow Jones Islamic76.5% S&P Shariah67.0% MSCI Islamic34.0% MSCI Islamic M-Series67.0% FTSE Shariah31.6% |
| JOHN B. SANFILIPPO & SON INC | UNSCREENED | 2.35% | no in-house ratios for this holding |
| ABCB AMERIS BANCORP | NON_COMPLIANT | 2.24% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| FIBK FIRST INTERSTATE BANCSYSTEM INC | NON_COMPLIANT | 1.98% | AAOIFI4.1% Usmani0.6% Dow Jones Islamic4.6% S&P Shariah5.0% MSCI Islamic0.6% MSCI Islamic M-Series5.0% FTSE Shariah0.6% |
| NMRK NEWMARK GROUP INC | NON_COMPLIANT | 1.95% | AAOIFI50.7% Usmani26.3% Dow Jones Islamic51.6% S&P Shariah58.7% MSCI Islamic26.3% MSCI Islamic M-Series58.7% FTSE Shariah16.7% |
| TREE LENDINGTREE INC | NON_COMPLIANT | 1.73% | AAOIFI109.6% Usmani47.8% Dow Jones Islamic67.9% S&P Shariah75.9% MSCI Islamic47.8% MSCI Islamic M-Series75.9% FTSE Shariah42.8% |
| CRI CARTER'S INC | NON_COMPLIANT | 1.57% | AAOIFI97.4% Usmani43.4% Dow Jones Islamic84.8% S&P Shariah69.6% MSCI Islamic43.4% MSCI Islamic M-Series69.6% FTSE Shariah20.8% |
| WTTR SELECT WATER SOLUTIONS INC | COMPLIANT | 1.39% | AAOIFI11.6% Usmani16.3% Dow Jones Islamic17.0% S&P Shariah19.1% MSCI Islamic16.3% MSCI Islamic M-Series19.1% FTSE Shariah14.5% |
| KORN FERRY | UNSCREENED | 1.14% | no in-house ratios for this holding |
| DVN DEVON ENERGY CORP | COMPLIANT | 1.06% | AAOIFI22.3% Usmani16.8% Dow Jones Islamic46.9% S&P Shariah45.5% MSCI Islamic16.7% MSCI Islamic M-Series45.5% FTSE Shariah16.1% |
| VNOM VIPER ENERGY INC | COMPLIANT | 0.96% | AAOIFI7.1% Usmani13.9% Dow Jones Islamic11.5% S&P Shariah12.6% MSCI Islamic13.9% MSCI Islamic M-Series12.6% FTSE Shariah13.9% |
| SM SM ENERGY COMPANY | NON_COMPLIANT | 0.94% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| HP HELMERICH & PAYNE INC | NON_COMPLIANT | 0.85% | AAOIFI42.0% Usmani29.6% Dow Jones Islamic66.3% S&P Shariah61.7% MSCI Islamic29.6% MSCI Islamic M-Series61.7% FTSE Shariah29.6% |
| PORTLAND GENERAL ELECTRIC COMPANY | UNSCREENED | 0.73% | no in-house ratios for this holding |
| N/A | UNSCREENED | 0.44% | no in-house ratios for this holding |
The published standards disagree about this fund by 27 points of portfolio weight — 36.9% of it passes FTSE Shariah, 9.6% passes AAOIFI. 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 9.6% ratios fail on 70.1% 20.5% not rated under AAOIFI
ratios pass on 24.6% ratios fail on 49.9% 25.8% not rated under Usmani
ratios pass on 11.3% ratios fail on 68.4% 20.5% not rated under Dow Jones Islamic
ratios pass on 11.3% ratios fail on 68.4% 20.5% not rated under S&P Shariah
ratios pass on 29.8% ratios fail on 49.9% 20.5% not rated under MSCI Islamic
ratios pass on 11.3% ratios fail on 68.4% 20.5% not rated under MSCI Islamic M-Series
ratios pass on 36.9% ratios fail on 42.8% 20.5% not rated under FTSE Shariah
27 of 35 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.
| Non-compliant holding | Weight |
|---|---|
| VAC MARRIOTT VACATIONS WORLDWIDE CORP | 8.67% |
| MBC MASTERBRAND INC | 5.29% |
| KWR QUAKER CHEMICAL CORP | 4.98% |
| DOUG DOUGLAS ELLIMAN INC | 4.43% |
| FBIN FORTUNE BRANDS INNOVATIONS INC | 3.99% |
| PFSI PENNYMAC FINANCIAL SERVICES INC | 3.47% |
| FHN FIRST HORIZON CORP | 3.44% |
| CUZ COUSINS PROPERTIES INC | 3.29% |
| HUN HUNTSMAN CORP | 3.12% |
| WSBC WESBANCO INC | 3.08% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Cullen Small Cap Value Fund (CUSCX) 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.
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 |
|---|---|---|
| VACMARRIOTT VACATIONS WORLDWIDE CORP | 8.67% | Non-compliant |
| MBCMASTERBRAND INC | 5.29% | Non-compliant |
| MHOM/I HOMES INC | 5.24% | Compliant |
| KWRQUAKER CHEMICAL CORP | 4.98% | Non-compliant |
| AVIENT CORPnot matched to a ticker | 4.75% | Not screened |
| BARRETT BUSINESS SERVICES INCnot matched to a ticker | 4.72% | Not screened |
| DOUGDOUGLAS ELLIMAN INC | 4.43% | Non-compliant |
| FBINFORTUNE BRANDS INNOVATIONS INC | 3.99% | Non-compliant |
| PFSIPENNYMAC FINANCIAL SERVICES INC | 3.47% | Non-compliant |
| FHNFIRST HORIZON CORP | 3.44% | Non-compliant |
Top 10 of 35 holdings, 49.0% of the fund by weight. Every holding is screened, not only these.
The positions keeping this fund short of 100% compliant by weight.
Verdict history for CUSCX. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
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.
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.
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.
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 32.40 | NEUTRAL |
| Stochastic %K (14) | 0.00 | BUY |
| CCI (20) | -124.27 | BUY |
| Williams %R (14) | -100.00 | BUY |
| MACD (12,26,9) | 0.01 | BUY |
| ROC (10) | -3.28 | SELL |
| Momentum (10) | -0.39 | SELL |
| EMA (10) | 11.67 | SELL |
| SMA (10) | 11.63 | SELL |
| EMA (20) | 11.83 | SELL |
| SMA (20) | 11.80 | SELL |
| EMA (30) | 11.98 | SELL |
| SMA (30) | 12.02 | SELL |
| EMA (50) | 12.15 | SELL |
| SMA (50) | 12.42 | SELL |
| EMA (100) | 12.21 | SELL |
| SMA (100) | 12.34 | SELL |
| EMA (200) | 12.06 | SELL |
| SMA (200) | 12.08 | SELL |
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
The questions worth asking about any verdict on this page, answered plainly.
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.
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.
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.
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.
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.
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.