GMAHXETF / FundGMO-Usonian Japan Value Creation Fund
Verdicts genuinely change. Free email alert the moment GMAHX'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.
GMO-Usonian Japan Value Creation Fund · GMO TRUST
35 holdings
NON-COMPLIANT 48.12% of portfolio weight is in non-compliant holdings, over the 5% threshold.
35 holdings, 27 matched (84% of weight). Portfolio as of 2026-05-31, filed 2026-07-29. Source: SEC Form N-PORT.
5.03% of this portfolio’s income is non-permissible — weighted across holdings, computed over 76% of portfolio weight (25 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.
34.9% compliant 0.0% questionable 48.1% non-compliant 16.1% unscreened
All holdings (35)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| 6503.T Mitsubishi Electric Corp | COMPLIANT | 5.03% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 7220.T Musashi Seimitsu Industry Co Ltd | NON_COMPLIANT | 4.48% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 8316.T Sumitomo Mitsui Financial Group Inc | NON_COMPLIANT | 4.43% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 5332.T TOTO Ltd | COMPLIANT | 4.21% | AAOIFI7.0% Usmani8.2% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic8.2% MSCI Islamic M-Seriespass FTSE Shariah8.2% |
| 8020.T Kanematsu Corp | NON_COMPLIANT | 3.96% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 3436.T SUMCO Corp | NON_COMPLIANT | 3.86% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 8309.T Sumitomo Mitsui Trust Group Inc | NON_COMPLIANT | 3.81% | AAOIFI368.3% Usmani22.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic22.1% MSCI Islamic M-Seriesfail FTSE Shariah22.1% |
| H.U. Group Holdings Inc | UNSCREENED | 3.80% | no in-house ratios for this holding |
| 6951.T Jeol Ltd | COMPLIANT | 3.71% | AAOIFI8.2% Usmani12.0% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic11.2% MSCI Islamic M-Seriespass FTSE Shariah11.2% |
| 5201.T AGC Inc | NON_COMPLIANT | 3.66% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| FUJIY FUJIFILM Holdings Corp | COMPLIANT | 3.52% | AAOIFI25.3% Usmani19.1% Dow Jones Islamic48.5% S&P Shariah48.9% MSCI Islamic17.0% MSCI Islamic M-Series48.9% FTSE Shariah17.0% |
| 5406.T Kobe Steel Ltd | NON_COMPLIANT | 3.51% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 8022.T Mizuno Corp | COMPLIANT | 3.33% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 8253.T Credit Saison Co Ltd | NON_COMPLIANT | 3.21% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| GMO US Treasury Fund | UNSCREENED | 3.16% | no in-house ratios for this holding |
| 8795.T T&D Holdings Inc | NON_COMPLIANT | 3.11% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Daiwabo Holdings Co Ltd | UNSCREENED | 3.05% | no in-house ratios for this holding |
| 7202.T Isuzu Motors Ltd | NON_COMPLIANT | 3.02% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 4061.T Denka Co Ltd | NON_COMPLIANT | 2.86% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 2282.T NH Foods Ltd | NON_COMPLIANT | 2.85% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 9065.T Sankyu Inc | COMPLIANT | 2.82% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 6460.T Sega Sammy Holdings Inc | COMPLIANT | 2.77% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 1893.T Penta-Ocean Construction Co Ltd | NON_COMPLIANT | 2.73% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 6134.T Fuji Corp/Aichi | COMPLIANT | 2.64% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 5463.T Maruichi Steel Tube Ltd | COMPLIANT | 1.98% | AAOIFI1.9% Usmani1.7% Dow Jones Islamicfail S&P Shariahpass MSCI Islamic1.7% MSCI Islamic M-Seriesfail FTSE Shariah1.7% |
| 7951.T Yamaha Corp | COMPLIANT | 1.97% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| Morinaga & Co Ltd/Japan | UNSCREENED | 1.82% | no in-house ratios for this holding |
| Macnica Holdings Inc | UNSCREENED | 1.55% | no in-house ratios for this holding |
| 8923.T Tosei Corp | NON_COMPLIANT | 1.49% | AAOIFI110.7% Usmani59.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic59.4% MSCI Islamic M-Seriesfail FTSE Shariah59.4% |
| 1959.T Kraftia Corp | COMPLIANT | 1.48% | AAOIFI5.2% Usmani6.6% Dow Jones Islamicfail S&P Shariahpass MSCI Islamic5.7% MSCI Islamic M-Seriesfail FTSE Shariah5.7% |
| EXEO Group Inc | UNSCREENED | 1.45% | no in-house ratios for this holding |
| 6701.T NEC Corp | COMPLIANT | 1.42% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| State Street Global Advisors | UNSCREENED | 1.14% | no in-house ratios for this holding |
| 6810.T Maxell Ltd | NON_COMPLIANT | 1.13% | AAOIFI39.6% Usmani20.9% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic20.7% MSCI Islamic M-Seriesfail FTSE Shariah20.7% |
| Carlyle ARE Partners II, L.P. | UNSCREENED | 0.15% | no in-house ratios for this holding |
The published standards disagree about this fund by 45 points of portfolio weight — 66.9% of it passes Usmani, 21.7% passes MSCI Islamic M-Series. 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 34.9% ratios fail on 48.1% 16.1% not rated under AAOIFI
ratios pass on 66.9% ratios fail on 16.0% 16.1% not rated under Usmani
ratios pass on 25.1% ratios fail on 57.9% 16.1% not rated under Dow Jones Islamic
ratios pass on 28.5% ratios fail on 54.5% 16.1% not rated under S&P Shariah
ratios pass on 40.1% ratios fail on 42.9% 16.1% not rated under MSCI Islamic
ratios pass on 21.7% ratios fail on 61.2% 16.1% not rated under MSCI Islamic M-Series
ratios pass on 64.2% ratios fail on 18.8% 16.1% not rated under FTSE Shariah
27 of 35 listed holdings carry our own per-methodology verdicts (83% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 8 (21% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| 7220.T Musashi Seimitsu Industry Co Ltd | 4.48% |
| 8316.T Sumitomo Mitsui Financial Group Inc | 4.43% |
| 8020.T Kanematsu Corp | 3.96% |
| 3436.T SUMCO Corp | 3.86% |
| 8309.T Sumitomo Mitsui Trust Group Inc | 3.81% |
| 5201.T AGC Inc | 3.66% |
| 5406.T Kobe Steel Ltd | 3.51% |
| 8253.T Credit Saison Co Ltd | 3.21% |
| 8795.T T&D Holdings Inc | 3.11% |
| 7202.T Isuzu Motors Ltd | 3.02% |
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
GMO-Usonian Japan Value Creation Fund (GMAHX) 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 |
|---|---|---|
| 6503.TMitsubishi Electric Corp | 5.03% | Compliant |
| 7220.TMusashi Seimitsu Industry Co Ltd | 4.48% | Non-compliant |
| 8316.TSumitomo Mitsui Financial Group Inc | 4.43% | Non-compliant |
| 5332.TTOTO Ltd | 4.21% | Compliant |
| 8020.TKanematsu Corp | 3.96% | Non-compliant |
| 3436.TSUMCO Corp | 3.86% | Non-compliant |
| 8309.TSumitomo Mitsui Trust Group Inc | 3.81% | Non-compliant |
| H.U. Group Holdings Incnot matched to a ticker | 3.80% | Not screened |
| 6951.TJeol Ltd | 3.71% | Compliant |
| 5201.TAGC Inc | 3.66% | Non-compliant |
Top 10 of 35 holdings, 40.9% 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.
- 7220.Tnon-compliant4.48%
- 8316.Tnon-compliant4.43%
- 8020.Tnon-compliant3.96%
- 3436.Tnon-compliant3.86%
- 8309.Tnon-compliant3.81%
- H.U. Group Holdings Incnot screened3.80%
What changed, and when
Verdict history for GMAHX. 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 GMAHX 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 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.
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) | 43.80 | NEUTRAL |
| Stochastic %K (14) | 0.00 | BUY |
| CCI (20) | -148.73 | BUY |
| Williams %R (14) | -100.00 | BUY |
| MACD (12,26,9) | -0.06 | SELL |
| ROC (10) | -2.10 | SELL |
| Momentum (10) | -0.65 | SELL |
| EMA (10) | 30.56 | SELL |
| SMA (10) | 30.58 | SELL |
| EMA (20) | 30.63 | SELL |
| SMA (20) | 30.70 | SELL |
| EMA (30) | 30.62 | SELL |
| SMA (30) | 30.72 | SELL |
| EMA (50) | 30.48 | SELL |
| SMA (50) | 30.60 | SELL |
| EMA (100) | 29.84 | BUY |
| SMA (100) | 30.08 | BUY |
| EMA (200) | 28.17 | BUY |
| SMA (200) | 28.36 | 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.