Verdicts genuinely change. Free email alert the moment GQFIX'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.
GQG Partners Global Quality Value Fund · ADVISORS' INNER CIRCLE III
59 holdings
NON-COMPLIANT 71.97% of portfolio weight is in non-compliant holdings, over the 5% threshold.
59 holdings, 45 matched (86% of weight). Portfolio as of 2026-06-30, filed 2026-08-28. Source: SEC Form N-PORT.
1.40% of this portfolio’s income is non-permissible — weighted across holdings, computed over 71% of portfolio weight (34 of 59 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.
13.6% compliant 0.0% questionable 72.0% non-compliant 13.7% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| PM Philip Morris International Inc. | NON_COMPLIANT | 5.74% | AAOIFI16.1% Usmani66.9% Dow Jones Islamic18.9% S&P Shariah22.1% MSCI Islamic66.9% MSCI Islamic M-Series22.1% FTSE Shariah66.9% |
| BATS.L BRITISH AMERICAN TOBACCO P.L.C. | NON_COMPLIANT | 5.37% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Petroleo Brasileiro S.A. (Petrobras) | UNSCREENED | 4.50% | no in-house ratios for this holding |
| VZ VERIZON COMMUNICATIONS INC. | NON_COMPLIANT | 4.32% | AAOIFI98.4% Usmani45.9% Dow Jones Islamic109.0% S&P Shariah116.8% MSCI Islamic45.9% MSCI Islamic M-Series116.8% FTSE Shariah40.3% |
| AEP AMERICAN ELECTRIC POWER COMPANY, INC. | NON_COMPLIANT | 4.07% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| MO Altria Group, Inc. | NON_COMPLIANT | 4.01% | AAOIFI21.4% Usmani73.6% Dow Jones Islamic25.3% S&P Shariah28.5% MSCI Islamic73.6% MSCI Islamic M-Series28.5% FTSE Shariah73.6% |
| T AT&T INC. | NON_COMPLIANT | 3.87% | AAOIFI92.9% Usmani38.0% Dow Jones Islamic94.4% S&P Shariah107.8% MSCI Islamic38.0% MSCI Islamic M-Series107.8% FTSE Shariah33.6% |
| ENEL - SPA | UNSCREENED | 3.25% | no in-house ratios for this holding |
| ENB.TO Enbridge Inc. | NON_COMPLIANT | 2.99% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TTE.PA TOTALENERGIES SE | NON_COMPLIANT | 2.90% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| PGR THE PROGRESSIVE CORPORATION | NON_COMPLIANT | 2.89% | AAOIFI6.5% Usmani6.7% Dow Jones Islamic6.3% S&P Shariah6.9% MSCI Islamic6.7% MSCI Islamic M-Series6.9% FTSE Shariah6.7% |
| ENI.MI ENI S.P.A. | NON_COMPLIANT | 2.68% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NVS Novartis AG | COMPLIANT | 2.61% | AAOIFI12.5% Usmani25.9% Dow Jones Islamic11.8% S&P Shariah12.6% MSCI Islamic25.9% MSCI Islamic M-Series12.6% FTSE Shariah25.9% |
| IBE.MC Iberdrola, S.A. | NON_COMPLIANT | 2.55% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CI THE CIGNA GROUP | NON_COMPLIANT | 2.45% | AAOIFI42.7% Usmani20.3% Dow Jones Islamic40.5% S&P Shariah38.8% MSCI Islamic20.3% MSCI Islamic M-Series38.8% FTSE Shariah20.3% |
| IMB.L IMPERIAL BRANDS PLC | NON_COMPLIANT | 2.30% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| XEL Xcel Energy Inc. | NON_COMPLIANT | 2.21% | AAOIFI82.6% Usmani47.8% Dow Jones Islamic94.9% S&P Shariah105.9% MSCI Islamic46.3% MSCI Islamic M-Series105.9% FTSE Shariah45.3% |
| 8766.T Tokio Marine Holdings, Inc. | NON_COMPLIANT | 1.97% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| EXC EXELON CORPORATION | NON_COMPLIANT | 1.85% | AAOIFI109.9% Usmani42.1% Dow Jones Islamic115.7% S&P Shariah124.5% MSCI Islamic42.1% MSCI Islamic M-Series124.5% FTSE Shariah42.1% |
| FIRST ABU DHABI BANK P.J.S.C. | UNSCREENED | 1.85% | no in-house ratios for this holding |
| ITUB Itau Unibanco Holding S.A. | NON_COMPLIANT | 1.82% | AAOIFI132.6% Usmani27.8% Dow Jones Islamic351.6% S&P Shariah388.8% MSCI Islamic27.8% MSCI Islamic M-Series388.8% FTSE Shariah27.8% |
| NEE NEXTERA ENERGY, INC. | NON_COMPLIANT | 1.78% | AAOIFI55.9% Usmani44.2% Dow Jones Islamic61.0% S&P Shariah66.0% MSCI Islamic44.2% MSCI Islamic M-Series66.0% FTSE Shariah44.2% |
| JNJ JOHNSON & JOHNSON | COMPLIANT | 1.70% | AAOIFI7.6% Usmani24.4% Dow Jones Islamic10.9% S&P Shariah11.7% MSCI Islamic24.4% MSCI Islamic M-Series11.7% FTSE Shariah24.4% |
| XOM EXXON MOBIL CORP | COMPLIANT | 1.66% | AAOIFI6.5% Usmani9.1% Dow Jones Islamic8.5% S&P Shariah9.0% MSCI Islamic9.1% MSCI Islamic M-Series9.0% FTSE Shariah9.1% |
| UL UNILEVER PLC | COMPLIANT | 1.55% | AAOIFI27.6% Usmani41.0% Dow Jones Islamic23.6% S&P Shariah24.9% MSCI Islamic39.2% MSCI Islamic M-Series24.9% FTSE Shariah39.2% |
| PPL PPL CORPORATION | NON_COMPLIANT | 1.55% | AAOIFI77.2% Usmani43.2% Dow Jones Islamic78.6% S&P Shariah86.6% MSCI Islamic43.2% MSCI Islamic M-Series86.6% FTSE Shariah43.2% |
| LLOY.L LLOYDS BANKING GROUP PLC | NON_COMPLIANT | 1.51% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BNP.PA BNP PARIBAS SA | NON_COMPLIANT | 1.50% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CVX CHEVRON CORPORATION | COMPLIANT | 1.46% | AAOIFI0.1% Usmani0.1% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.1% MSCI Islamic M-Series0.1% FTSE Shariah0.1% |
| AXIA Energia S.A. | UNSCREENED | 1.41% | no in-house ratios for this holding |
| ITC.NS ITC LIMITED | NON_COMPLIANT | 1.39% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CABK.MC CaixaBank, S.A. | NON_COMPLIANT | 1.27% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| IBM INTERNATIONAL BUSINESS MACHINES CORPORATION | COMPLIANT | 1.27% | AAOIFI29.5% Usmani42.9% Dow Jones Islamic28.2% S&P Shariah32.2% MSCI Islamic42.9% MSCI Islamic M-Series32.2% FTSE Shariah40.8% |
| CNP CENTERPOINT ENERGY, INC. | NON_COMPLIANT | 1.14% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| ABBV ABBVIE INC. | COMPLIANT | 1.04% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| Muenchener Rueckversicherungs-Gesellschaft Aktiengesellschaft in Muenchen | UNSCREENED | 1.02% | no in-house ratios for this holding |
| ADNOC Gas PLC | UNSCREENED | 1.02% | no in-house ratios for this holding |
| NG.L NATIONAL GRID PLC | NON_COMPLIANT | 1.01% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SNY SANOFI SA | COMPLIANT | 1.01% | AAOIFI20.8% Usmani14.7% Dow Jones Islamic38.1% S&P Shariah38.6% MSCI Islamic14.7% MSCI Islamic M-Series38.6% FTSE Shariah14.7% |
| 1398.HK INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED | NON_COMPLIANT | 1.00% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 0939.HK CHINA CONSTRUCTION BANK CORPORATION | NON_COMPLIANT | 0.98% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 2914.T JAPAN TOBACCO INC. | NON_COMPLIANT | 0.98% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| WKL.AS Wolters Kluwer N.V. | NON_COMPLIANT | 0.88% | AAOIFIfail Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| SREN.SW Swiss Re AG | NON_COMPLIANT | 0.86% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BP.L BP P.L.C. | NON_COMPLIANT | 0.78% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| SAP SAP SE | COMPLIANT | 0.73% | AAOIFI3.5% Usmani13.0% Dow Jones Islamic3.1% S&P Shariah3.4% MSCI Islamic10.6% MSCI Islamic M-Series3.4% FTSE Shariah10.6% |
| CVS CVS HEALTH CORPORATION | NON_COMPLIANT | 0.60% | AAOIFI61.7% Usmani30.1% Dow Jones Islamic84.9% S&P Shariah88.7% MSCI Islamic30.1% MSCI Islamic M-Series88.7% FTSE Shariah24.2% |
| SSE.L SSE PLC | NON_COMPLIANT | 0.56% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| GSK GSK PLC | COMPLIANT | 0.56% | AAOIFI19.2% Usmani23.6% Dow Jones Islamic10.6% S&P Shariah11.2% MSCI Islamic23.6% MSCI Islamic M-Series11.2% FTSE Shariah23.6% |
| AXIA Energia S.A. | UNSCREENED | 0.34% | no in-house ratios for this holding |
| N/A | UNSCREENED | 0.28% | no in-house ratios for this holding |
| ENI.MI ENI S.P.A. | NON_COMPLIANT | 0.16% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NWG.L NATWEST GROUP PLC | NON_COMPLIANT | 0.03% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BROWN BROTHERS HARRIMAN & CO. | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BROWN BROTHERS HARRIMAN & CO. | UNSCREENED | 0.00% | no in-house ratios for this holding |
| GAZPROM PAO | UNSCREENED | 0.00% | no in-house ratios for this holding |
| GMK NORIL'SKIY NIKEL' PAO | UNSCREENED | 0.00% | no in-house ratios for this holding |
| NEFTYANAYA KOMPANIYA ROSNEFT' PAO | UNSCREENED | 0.00% | no in-house ratios for this holding |
| POLYUS PAO | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 9 points of portfolio weight — 26.2% of it passes AAOIFI, 17.0% 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 26.2% ratios fail on 58.2% 14.8% not rated under AAOIFI
ratios pass on 17.0% ratios fail on 64.5% 17.7% not rated under Usmani
ratios pass on 23.5% ratios fail on 58.3% 17.4% not rated under Dow Jones Islamic
ratios pass on 23.5% ratios fail on 58.3% 17.4% not rated under S&P Shariah
ratios pass on 17.3% ratios fail on 64.5% 17.4% not rated under MSCI Islamic
ratios pass on 23.5% ratios fail on 58.3% 17.4% not rated under MSCI Islamic M-Series
ratios pass on 17.3% ratios fail on 64.5% 17.4% not rated under FTSE Shariah
44 of 59 listed holdings carry our own per-methodology verdicts (86% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 21 (46% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| PM Philip Morris International Inc. | 5.74% |
| BATS.L BRITISH AMERICAN TOBACCO P.L.C. | 5.37% |
| VZ VERIZON COMMUNICATIONS INC. | 4.32% |
| AEP AMERICAN ELECTRIC POWER COMPANY, INC. | 4.07% |
| MO Altria Group, Inc. | 4.01% |
| T AT&T INC. | 3.87% |
| ENB.TO Enbridge Inc. | 2.99% |
| TTE.PA TOTALENERGIES SE | 2.90% |
| PGR THE PROGRESSIVE CORPORATION | 2.89% |
| ENI.MI ENI S.P.A. | 2.68% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
GQG Partners Global Quality Value Fund (GQFIX) 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 |
|---|---|---|
| PMPhilip Morris International Inc. | 5.74% | Non-compliant |
| BATS.LBRITISH AMERICAN TOBACCO P.L.C. | 5.37% | Non-compliant |
| Petroleo Brasileiro S.A. (Petrobras)not matched to a ticker | 4.50% | Not screened |
| VZVERIZON COMMUNICATIONS INC. | 4.32% | Non-compliant |
| AEPAMERICAN ELECTRIC POWER COMPANY, INC. | 4.07% | Non-compliant |
| MOAltria Group, Inc. | 4.01% | Non-compliant |
| TAT&T INC. | 3.87% | Non-compliant |
| ENEL - SPAnot matched to a ticker | 3.25% | Not screened |
| ENB.TOEnbridge Inc. | 2.99% | Non-compliant |
| TTE.PATOTALENERGIES SE | 2.90% | Non-compliant |
Top 10 of 59 holdings, 41.0% 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 GQFIX. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
Tracked since 2026-09-07.
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) | 54.70 | NEUTRAL |
| Stochastic %K (14) | 97.80 | SELL |
| CCI (20) | 93.77 | NEUTRAL |
| Williams %R (14) | -2.20 | SELL |
| MACD (12,26,9) | -0.01 | SELL |
| ROC (10) | 0.03 | BUY |
| Momentum (10) | 0.00 | BUY |
| EMA (10) | 13.29 | BUY |
| SMA (10) | 13.28 | BUY |
| EMA (20) | 13.31 | BUY |
| SMA (20) | 13.32 | BUY |
| EMA (30) | 13.31 | BUY |
| SMA (30) | 13.35 | BUY |
| EMA (50) | 13.30 | BUY |
| SMA (50) | 13.35 | BUY |
| EMA (100) | 13.21 | BUY |
| SMA (100) | 13.21 | BUY |
| EMA (200) | 12.93 | BUY |
| SMA (200) | 13.06 | 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.