Verdicts genuinely change. Free email alert the moment CVLEX'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 Value Fund · Cullen Funds Trust
43 holdings
NON-COMPLIANT 45.39% of portfolio weight is in non-compliant holdings, over the 5% threshold.
43 holdings, 36 matched (88% of weight). Portfolio as of 2026-06-30, filed 2026-08-24. Source: SEC Form N-PORT.
2.47% of this portfolio’s income is non-permissible — weighted across holdings, computed over 74% of portfolio weight (31 of 43 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.
42.6% compliant 0.0% questionable 45.4% non-compliant 11.8% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| AMAT APPLIED MATERIALS INC | COMPLIANT | 8.90% | AAOIFI1.9% Usmani16.6% Dow Jones Islamic3.4% S&P Shariah3.7% MSCI Islamic16.6% MSCI Islamic M-Series3.7% FTSE Shariah14.8% |
| C CITIGROUP INC | NON_COMPLIANT | 5.27% | AAOIFI159.2% Usmani13.8% Dow Jones Islamic214.6% S&P Shariah251.0% MSCI Islamic13.8% MSCI Islamic M-Series251.0% FTSE Shariah13.8% |
| CSCO CISCO SYSTEMS INC | COMPLIANT | 4.70% | AAOIFI5.7% Usmani18.9% Dow Jones Islamic8.4% S&P Shariah9.5% MSCI Islamic18.9% MSCI Islamic M-Series9.5% FTSE Shariah17.6% |
| MS MORGAN STANLEY | NON_COMPLIANT | 3.82% | AAOIFI115.6% Usmani23.4% Dow Jones Islamic161.6% S&P Shariah189.1% MSCI Islamic23.4% MSCI Islamic M-Series189.1% FTSE Shariah23.4% |
| RTX RTX CORP | NON_COMPLIANT | 3.81% | AAOIFI12.5% Usmani19.3% Dow Jones Islamic15.9% S&P Shariah18.5% MSCI Islamic19.3% MSCI Islamic M-Series18.5% FTSE Shariah18.4% |
| ARW ARROW ELECTRONICS INC | COMPLIANT | 3.72% | AAOIFI17.6% Usmani5.7% Dow Jones Islamic29.5% S&P Shariah30.6% MSCI Islamic5.7% MSCI Islamic M-Series30.6% FTSE Shariah5.7% |
| ALL ALLSTATE CORP (THE) | NON_COMPLIANT | 3.25% | AAOIFI11.4% Usmani6.0% Dow Jones Islamic14.1% S&P Shariah15.6% MSCI Islamic6.0% MSCI Islamic M-Series15.6% FTSE Shariah6.0% |
| JCI JOHNSON CONTROLS INTERNATIONAL PLC | COMPLIANT | 3.15% | AAOIFI10.8% Usmani24.8% Dow Jones Islamic13.9% S&P Shariah16.1% MSCI Islamic24.8% MSCI Islamic M-Series16.1% FTSE Shariah24.8% |
| JNJ JOHNSON & JOHNSON | COMPLIANT | 3.14% | AAOIFI7.6% Usmani24.4% Dow Jones Islamic10.9% S&P Shariah11.7% MSCI Islamic24.4% MSCI Islamic M-Series11.7% FTSE Shariah24.4% |
| JP MORGAN CHASE & COMPANY | UNSCREENED | 3.04% | no in-house ratios for this holding |
| CHUBB LTD (SWITZERLAND) | UNSCREENED | 3.02% | no in-house ratios for this holding |
| BAC BANK OF AMERICA CORP | NON_COMPLIANT | 2.72% | AAOIFI77.5% Usmani9.7% Dow Jones Islamic95.9% S&P Shariah105.7% MSCI Islamic9.7% MSCI Islamic M-Series105.7% FTSE Shariah9.7% |
| SIEMENS.NS SIEMENS AG | COMPLIANT | 2.70% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| GD GENERAL DYNAMICS CORP | NON_COMPLIANT | 2.56% | AAOIFI10.3% Usmani17.4% Dow Jones Islamic11.7% S&P Shariah12.4% MSCI Islamic16.8% MSCI Islamic M-Series12.4% FTSE Shariah13.7% |
| MRK MERCK & COMPANY INC | COMPLIANT | 2.27% | AAOIFI14.7% Usmani41.5% Dow Jones Islamic21.8% S&P Shariah20.9% MSCI Islamic41.5% MSCI Islamic M-Series20.9% FTSE Shariah41.5% |
| NEE NEXTERA ENERGY INC | NON_COMPLIANT | 2.22% | AAOIFI55.9% Usmani44.2% Dow Jones Islamic61.0% S&P Shariah66.0% MSCI Islamic44.2% MSCI Islamic M-Series66.0% FTSE Shariah44.2% |
| LOW LOWE'S COMPANIES INC | NON_COMPLIANT | 2.15% | AAOIFI35.6% Usmani71.7% Dow Jones Islamic30.1% S&P Shariah31.0% MSCI Islamic71.7% MSCI Islamic M-Series31.0% FTSE Shariah63.7% |
| CVX CHEVRON CORP | COMPLIANT | 2.08% | AAOIFI0.1% Usmani0.1% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.1% MSCI Islamic M-Series0.1% FTSE Shariah0.1% |
| PKG PACKAGING CORP OF AMERICA | COMPLIANT | 2.07% | AAOIFI20.8% Usmani40.0% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic39.9% MSCI Islamic M-Series0.2% FTSE Shariah36.0% |
| UL UNILEVER PLC | COMPLIANT | 2.06% | AAOIFI27.6% Usmani41.0% Dow Jones Islamic23.6% S&P Shariah24.9% MSCI Islamic39.2% MSCI Islamic M-Series24.9% FTSE Shariah39.2% |
| UNH UNITEDHEALTH GROUP INC | NON_COMPLIANT | 1.95% | AAOIFI20.4% Usmani23.7% Dow Jones Islamic20.4% S&P Shariah18.8% MSCI Islamic23.7% MSCI Islamic M-Series18.8% FTSE Shariah23.7% |
| CI CIGNA GROUP (THE) | NON_COMPLIANT | 1.88% | AAOIFI42.7% Usmani20.3% Dow Jones Islamic40.5% S&P Shariah38.8% MSCI Islamic20.3% MSCI Islamic M-Series38.8% FTSE Shariah20.3% |
| BWA BORGWARNER INC | NON_COMPLIANT | 1.86% | AAOIFI30.1% Usmani29.2% Dow Jones Islamic43.9% S&P Shariah46.5% MSCI Islamic29.2% MSCI Islamic M-Series46.5% FTSE Shariah27.7% |
| AXP AMERICAN EXPRESS COMPANY | NON_COMPLIANT | 1.85% | AAOIFI26.8% Usmani19.2% Dow Jones Islamic27.4% S&P Shariah30.8% MSCI Islamic19.2% MSCI Islamic M-Series30.8% FTSE Shariah19.2% |
| COP CONOCOPHILLIPS | COMPLIANT | 1.81% | AAOIFI14.4% Usmani18.7% Dow Jones Islamic19.1% S&P Shariah18.8% MSCI Islamic18.7% MSCI Islamic M-Series18.8% FTSE Shariah18.7% |
| ORCL ORACLE CORP | NON_COMPLIANT | 1.71% | AAOIFI34.1% Usmani64.0% Dow Jones Islamic30.7% S&P Shariah35.2% MSCI Islamic61.0% MSCI Islamic M-Series35.2% FTSE Shariah49.5% |
| MDT MEDTRONIC PLC | COMPLIANT | 1.70% | AAOIFI24.4% Usmani31.5% Dow Jones Islamic26.4% S&P Shariah27.4% MSCI Islamic31.4% MSCI Islamic M-Series27.4% FTSE Shariah30.2% |
| BA BOEING COMPANY (THE) | NON_COMPLIANT | 1.62% | AAOIFI30.1% Usmani30.2% Dow Jones Islamic33.6% S&P Shariah36.0% MSCI Islamic30.2% MSCI Islamic M-Series36.0% FTSE Shariah30.2% |
| SELECT SECTOR SPDR TRUST (THE) | UNSCREENED | 1.61% | no in-house ratios for this holding |
| CNI CANADIAN NATIONAL RAILWAY COMPANY | COMPLIANT | 1.57% | AAOIFI22.7% Usmani38.5% Dow Jones Islamic25.4% S&P Shariah24.2% MSCI Islamic38.5% MSCI Islamic M-Series24.2% FTSE Shariah37.8% |
| VZ VERIZON COMMUNICATIONS INC | NON_COMPLIANT | 1.54% | AAOIFI98.4% Usmani45.9% Dow Jones Islamic109.0% S&P Shariah116.8% MSCI Islamic45.9% MSCI Islamic M-Series116.8% FTSE Shariah40.3% |
| AXALTA COATING SYSTEMS LTD | UNSCREENED | 1.53% | no in-house ratios for this holding |
| MDLZ MONDELEZ INTERNATIONAL INC | COMPLIANT | 1.52% | AAOIFI24.4% Usmani27.5% Dow Jones Islamic24.3% S&P Shariah23.4% MSCI Islamic26.9% MSCI Islamic M-Series23.4% FTSE Shariah25.8% |
| DIS WALT DISNEY COMPANY (THE) | NON_COMPLIANT | 1.43% | AAOIFI25.4% Usmani22.5% Dow Jones Islamic24.6% S&P Shariah25.2% MSCI Islamic22.5% MSCI Islamic M-Series25.2% FTSE Shariah22.5% |
| GPC GENUINE PARTS COMPANY | NON_COMPLIANT | 1.33% | AAOIFI31.0% Usmani28.0% Dow Jones Islamic35.7% S&P Shariah34.4% MSCI Islamic28.0% MSCI Islamic M-Series34.4% FTSE Shariah20.1% |
| BMY BRISTOL-MYERS SQUIBB COMPANY | NON_COMPLIANT | 1.24% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| ADM ARCHER DANIELS MIDLAND COMPANY | COMPLIANT | 1.22% | AAOIFI21.9% Usmani16.7% Dow Jones Islamic31.3% S&P Shariah30.5% MSCI Islamic16.7% MSCI Islamic M-Series30.5% FTSE Shariah14.2% |
| ST SENSATA TECHNOLOGIES HOLDING PLC | NON_COMPLIANT | 1.21% | AAOIFI38.7% Usmani37.1% Dow Jones Islamic49.3% S&P Shariah48.0% MSCI Islamic36.8% MSCI Islamic M-Series48.0% FTSE Shariah36.8% |
| TFC TRUIST FINANCIAL CORP | NON_COMPLIANT | 1.02% | AAOIFI110.7% Usmani12.6% Dow Jones Islamic124.2% S&P Shariah135.1% MSCI Islamic12.6% MSCI Islamic M-Series135.1% FTSE Shariah12.6% |
| BDX BECTON DICKINSON & COMPANY | NON_COMPLIANT | 0.95% | AAOIFI33.4% Usmani33.1% Dow Jones Islamic30.8% S&P Shariah28.7% MSCI Islamic33.1% MSCI Islamic M-Series28.7% FTSE Shariah33.1% |
| N/A | UNSCREENED | 0.91% | no in-house ratios for this holding |
| SELECT SECTOR SPDR TRUST (THE) | UNSCREENED | 0.87% | no in-house ratios for this holding |
| SELECT SECTOR SPDR TRUST (THE) | UNSCREENED | 0.86% | no in-house ratios for this holding |
The published standards disagree about this fund by 19 points of portfolio weight — 53.5% of it passes Dow Jones Islamic, 34.9% 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 52.4% ratios fail on 34.4% 13.1% not rated under AAOIFI
ratios pass on 46.5% ratios fail on 26.6% 26.8% not rated under Usmani
ratios pass on 53.5% ratios fail on 33.3% 13.1% not rated under Dow Jones Islamic
ratios pass on 51.8% ratios fail on 35.0% 13.1% not rated under S&P Shariah
ratios pass on 34.9% ratios fail on 38.2% 26.8% not rated under MSCI Islamic
ratios pass on 51.8% ratios fail on 35.0% 13.1% not rated under MSCI Islamic M-Series
ratios pass on 43.8% ratios fail on 29.3% 26.8% not rated under FTSE Shariah
36 of 43 listed holdings carry our own per-methodology verdicts (88% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 34 (84% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| C CITIGROUP INC | 5.27% |
| MS MORGAN STANLEY | 3.82% |
| RTX RTX CORP | 3.81% |
| ALL ALLSTATE CORP (THE) | 3.25% |
| BAC BANK OF AMERICA CORP | 2.72% |
| GD GENERAL DYNAMICS CORP | 2.56% |
| NEE NEXTERA ENERGY INC | 2.22% |
| LOW LOWE'S COMPANIES INC | 2.15% |
| UNH UNITEDHEALTH GROUP INC | 1.95% |
| CI CIGNA GROUP (THE) | 1.88% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Cullen Value Fund (CVLEX) 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 |
|---|---|---|
| AMATAPPLIED MATERIALS INC | 8.90% | Compliant |
| CCITIGROUP INC | 5.27% | Non-compliant |
| CSCOCISCO SYSTEMS INC | 4.70% | Compliant |
| MSMORGAN STANLEY | 3.82% | Non-compliant |
| RTXRTX CORP | 3.81% | Non-compliant |
| ARWARROW ELECTRONICS INC | 3.72% | Compliant |
| ALLALLSTATE CORP (THE) | 3.25% | Non-compliant |
| JCIJOHNSON CONTROLS INTERNATIONAL PLC | 3.15% | Compliant |
| JNJJOHNSON & JOHNSON | 3.14% | Compliant |
| JP MORGAN CHASE & COMPANYnot matched to a ticker | 3.04% | Not screened |
Top 10 of 43 holdings, 42.8% 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 CVLEX. 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 2 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) | 43.30 | NEUTRAL |
| Stochastic %K (14) | 60.90 | NEUTRAL |
| CCI (20) | -18.35 | NEUTRAL |
| Williams %R (14) | -39.10 | NEUTRAL |
| MACD (12,26,9) | 0.03 | BUY |
| ROC (10) | 1.29 | BUY |
| Momentum (10) | 0.23 | BUY |
| EMA (10) | 18.03 | SELL |
| SMA (10) | 17.99 | BUY |
| EMA (20) | 18.11 | SELL |
| SMA (20) | 18.05 | SELL |
| EMA (30) | 18.20 | SELL |
| SMA (30) | 18.25 | SELL |
| EMA (50) | 18.27 | SELL |
| SMA (50) | 18.51 | SELL |
| EMA (100) | 18.07 | SELL |
| SMA (100) | 18.30 | SELL |
| EMA (200) | 17.27 | BUY |
| SMA (200) | 17.35 | BUY |
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.