HWOETF / FundHotchkis & Wiley Opportunities Fund
Verdicts genuinely change. Free email alert the moment HWO'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.
Hotchkis & Wiley Opportunities Fund · HOTCHKIS & WILEY FUNDS/DE/
69 holdings · as of 2026-06-30 (3.9 months ago) The fund may have traded since. SEC Form N-PORT is filed quarterly and lags the period it covers, so these are the most recent holdings on file, not the fund’s holdings today.
This fund holds short positions, so exposure is counted gross — long and short both count as exposure rather than netting off, and the weights below therefore sum to 105% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT 41.65% of portfolio weight is in non-compliant holdings, over the 5% threshold.
69 holdings, 48 matched (77% of weight). Portfolio as of 2026-06-30, filed 2026-08-11. Source: SEC Form N-PORT.
2.66% of this portfolio’s income is non-permissible — weighted across holdings, computed over 70% of portfolio weight (44 of 69 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.
33.1% compliant 4.3% questionable 39.5% non-compliant 23.1% unscreened
All holdings (69)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| WDAY Workday Inc | COMPLIANT | 11.71% | AAOIFI8.4% Usmani23.8% Dow Jones Islamic8.1% S&P Shariah7.7% MSCI Islamic23.8% MSCI Islamic M-Series7.7% FTSE Shariah18.8% |
| Mount Vernon Liquid Assets Portfolio, LLC | UNSCREENED | 5.31% | no in-house ratios for this holding |
| 4368.T Fuso Chemical Co Ltd | COMPLIANT | 5.29% | AAOIFI5.6% Usmani11.1% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic11.1% MSCI Islamic M-Seriespass FTSE Shariah11.1% |
| PPG PPG Industries Inc | COMPLIANT | 4.88% | AAOIFI31.6% Usmani34.8% Dow Jones Islamic30.9% S&P Shariah29.1% MSCI Islamic34.7% MSCI Islamic M-Series29.1% FTSE Shariah32.1% |
| Ericsson | UNSCREENED | 4.19% | no in-house ratios for this holding |
| SLM SLM Corp | NON_COMPLIANT | 3.77% | AAOIFI118.3% Usmani20.4% Dow Jones Islamic109.5% S&P Shariah119.8% MSCI Islamic20.4% MSCI Islamic M-Series119.8% FTSE Shariah20.4% |
| FFIV F5 Inc | COMPLIANT | 3.64% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| MSFT Microsoft Corp | QUESTIONABLE | 3.15% | AAOIFI1.5% Usmani7.5% Dow Jones Islamic1.7% S&P Shariah1.8% MSCI Islamic7.5% MSCI Islamic M-Series1.8% FTSE Shariah5.3% |
| OLN Olin Corp | NON_COMPLIANT | 2.89% | AAOIFI167.1% Usmani45.8% Dow Jones Islamic116.6% S&P Shariah89.2% MSCI Islamic45.8% MSCI Islamic M-Series89.2% FTSE Shariah40.7% |
| STGW Stagwell Inc | NON_COMPLIANT | 2.70% | AAOIFI79.6% Usmani40.6% Dow Jones Islamic128.6% S&P Shariah145.4% MSCI Islamic40.6% MSCI Islamic M-Series145.4% FTSE Shariah34.5% |
| D Dominion Energy Inc | NON_COMPLIANT | 2.43% | AAOIFI86.6% Usmani42.8% Dow Jones Islamic102.1% S&P Shariah112.1% MSCI Islamic42.3% MSCI Islamic M-Series112.1% FTSE Shariah41.7% |
| Havas NV | UNSCREENED | 2.42% | no in-house ratios for this holding |
| APA APA Corp | NON_COMPLIANT | 2.40% | AAOIFI25.9% Usmani21.6% Dow Jones Islamic42.6% S&P Shariah41.4% MSCI Islamic21.6% MSCI Islamic M-Series41.4% FTSE Shariah20.8% |
| CRC California Resources Corp | COMPLIANT | 2.22% | AAOIFI28.0% Usmani19.0% Dow Jones Islamic31.5% S&P Shariah34.1% MSCI Islamic19.0% MSCI Islamic M-Series34.1% FTSE Shariah18.0% |
| QAN.AX Qantas Airways Ltd | NON_COMPLIANT | 2.03% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| GEHC GE HealthCare Technologies Inc | NON_COMPLIANT | 2.00% | AAOIFI34.9% Usmani28.5% Dow Jones Islamic30.2% S&P Shariah30.1% MSCI Islamic28.4% MSCI Islamic M-Series30.1% FTSE Shariah27.3% |
| FLR Fluor Corp | NON_COMPLIANT | 1.83% | AAOIFI15.0% Usmani14.2% Dow Jones Islamic14.5% S&P Shariah15.0% MSCI Islamic14.2% MSCI Islamic M-Series15.0% FTSE Shariah14.2% |
| OVV Ovintiv Inc | NON_COMPLIANT | 1.77% | AAOIFI25.7% Usmani26.1% Dow Jones Islamic40.6% S&P Shariah41.2% MSCI Islamic25.5% MSCI Islamic M-Series41.2% FTSE Shariah19.2% |
| SAP SAP SE | COMPLIANT | 1.65% | AAOIFI3.5% Usmani13.0% Dow Jones Islamic3.1% S&P Shariah3.4% MSCI Islamic10.6% MSCI Islamic M-Series3.4% FTSE Shariah10.6% |
| ELV Elevance Health Inc | NON_COMPLIANT | 1.62% | AAOIFI35.1% Usmani24.6% Dow Jones Islamic37.4% S&P Shariah33.5% MSCI Islamic24.6% MSCI Islamic M-Series33.5% FTSE Shariah24.6% |
| U-Haul Holding Co | UNSCREENED | 1.58% | no in-house ratios for this holding |
| SHEL Shell PLC | NON_COMPLIANT | 1.57% | AAOIFI38.4% Usmani20.4% Dow Jones Islamic17.6% S&P Shariah18.0% MSCI Islamic20.4% MSCI Islamic M-Series18.0% FTSE Shariah20.4% |
| CDW Corp/DE | UNSCREENED | 1.53% | no in-house ratios for this holding |
| American International Group I | UNSCREENED | 1.52% | no in-house ratios for this holding |
| Vanguard Long-Term Treasury ET | UNSCREENED | 1.41% | no in-house ratios for this holding |
| APTV Aptiv PLC | NON_COMPLIANT | 1.37% | AAOIFI60.4% Usmani31.6% Dow Jones Islamic39.4% S&P Shariah34.0% MSCI Islamic31.6% MSCI Islamic M-Series34.0% FTSE Shariah29.8% |
| GOOG Alphabet Inc | QUESTIONABLE | 1.37% | AAOIFI2.9% Usmani13.1% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic12.8% MSCI Islamic M-Series4.5% FTSE Shariah10.9% |
| C Citigroup Inc | NON_COMPLIANT | 1.31% | AAOIFI159.2% Usmani13.8% Dow Jones Islamic214.6% S&P Shariah251.0% MSCI Islamic13.8% MSCI Islamic M-Series251.0% FTSE Shariah13.8% |
| JLL Jones Lang LaSalle Inc | NON_COMPLIANT | 1.30% | AAOIFI18.3% Usmani14.4% Dow Jones Islamic18.3% S&P Shariah20.5% MSCI Islamic14.4% MSCI Islamic M-Series20.5% FTSE Shariah9.4% |
| SIEMENS.NS Siemens AG | COMPLIANT | 1.18% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| STT State Street Corp | NON_COMPLIANT | 1.16% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| First American Government Obli | UNSCREENED | 1.13% | no in-house ratios for this holding |
| COP ConocoPhillips | COMPLIANT | 1.13% | AAOIFI14.4% Usmani18.7% Dow Jones Islamic19.1% S&P Shariah18.8% MSCI Islamic18.7% MSCI Islamic M-Series18.8% FTSE Shariah18.7% |
| SWK Stanley Black & Decker Inc | NON_COMPLIANT | 1.13% | AAOIFI32.4% Usmani23.7% Dow Jones Islamic39.9% S&P Shariah39.2% MSCI Islamic23.7% MSCI Islamic M-Series39.2% FTSE Shariah23.7% |
| GM General Motors Co | NON_COMPLIANT | 1.11% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| HEN.DE Henkel AG & Co KGaA | COMPLIANT | 1.08% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| Bank of New York Mellon Corp/T | UNSCREENED | 1.03% | no in-house ratios for this holding |
| SLB Ltd | UNSCREENED | 1.03% | no in-house ratios for this holding |
| UNH UnitedHealth Group Inc | NON_COMPLIANT | 1.00% | AAOIFI20.4% Usmani23.7% Dow Jones Islamic20.4% S&P Shariah18.8% MSCI Islamic23.7% MSCI Islamic M-Series18.8% FTSE Shariah23.7% |
| SIEMENS.NS Siemens AG | COMPLIANT | 0.98% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| CNH Industrial NV | UNSCREENED | 0.95% | no in-house ratios for this holding |
| WPP.L WPP PLC | NON_COMPLIANT | 0.93% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| WFC Wells Fargo & Co | NON_COMPLIANT | 0.91% | AAOIFI80.2% Usmani9.1% Dow Jones Islamic84.8% S&P Shariah93.9% MSCI Islamic9.1% MSCI Islamic M-Series93.9% FTSE Shariah9.1% |
| MUR Murphy Oil Corp | NON_COMPLIANT | 0.86% | AAOIFI43.3% Usmani22.0% Dow Jones Islamic53.3% S&P Shariah47.5% MSCI Islamic22.0% MSCI Islamic M-Series47.5% FTSE Shariah15.1% |
| BPOP Popular Inc | NON_COMPLIANT | 0.86% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| Iracore International Holdings Inc | UNSCREENED | 0.83% | no in-house ratios for this holding |
| UHS Universal Health Services Inc | NON_COMPLIANT | 0.78% | AAOIFI52.8% Usmani33.0% Dow Jones Islamic45.9% S&P Shariah48.2% MSCI Islamic33.0% MSCI Islamic M-Series48.2% FTSE Shariah30.4% |
| Philip Morris International In | UNSCREENED | 0.77% | no in-house ratios for this holding |
| AVT Avnet Inc | NON_COMPLIANT | 0.65% | AAOIFI46.0% Usmani22.5% Dow Jones Islamic70.8% S&P Shariah74.3% MSCI Islamic22.5% MSCI Islamic M-Series74.3% FTSE Shariah20.8% |
| CRM Salesforce Inc | COMPLIANT | 0.62% | AAOIFI20.9% Usmani38.1% Dow Jones Islamic18.3% S&P Shariah17.8% MSCI Islamic38.1% MSCI Islamic M-Series17.8% FTSE Shariah35.8% |
| KHC Kraft Heinz Co/The | NON_COMPLIANT | 0.50% | AAOIFI64.5% Usmani26.0% Dow Jones Islamic63.2% S&P Shariah58.9% MSCI Islamic26.0% MSCI Islamic M-Series58.9% FTSE Shariah26.0% |
| MDLZ Mondelez International Inc | COMPLIANT | 0.48% | AAOIFI24.4% Usmani27.5% Dow Jones Islamic24.3% S&P Shariah23.4% MSCI Islamic26.9% MSCI Islamic M-Series23.4% FTSE Shariah25.8% |
| CI Cigna Group/The | NON_COMPLIANT | 0.48% | AAOIFI42.7% Usmani20.3% Dow Jones Islamic40.5% S&P Shariah38.8% MSCI Islamic20.3% MSCI Islamic M-Series38.8% FTSE Shariah20.3% |
| HEIA.AS Heineken NV | NON_COMPLIANT | 0.47% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ECVT Ecovyst Inc | NON_COMPLIANT | 0.39% | AAOIFI48.9% Usmani38.5% Dow Jones Islamic51.9% S&P Shariah51.3% MSCI Islamic38.5% MSCI Islamic M-Series51.3% FTSE Shariah34.7% |
| NOV NOV Inc | NON_COMPLIANT | 0.37% | AAOIFI31.3% Usmani21.0% Dow Jones Islamic35.6% S&P Shariah33.7% MSCI Islamic18.7% MSCI Islamic M-Series33.7% FTSE Shariah15.4% |
| STZ Constellation Brands Inc | NON_COMPLIANT | 0.34% | AAOIFI49.1% Usmani49.0% Dow Jones Islamic38.2% S&P Shariah33.6% MSCI Islamic49.0% MSCI Islamic M-Series33.6% FTSE Shariah46.1% |
| VAC Marriott Vacations Worldwide C | NON_COMPLIANT | 0.33% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| GBLI Global Indemnity Group LLC | NON_COMPLIANT | 0.29% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| LEALAND FINANCE CO BV | UNSCREENED | 0.17% | no in-house ratios for this holding |
| FED HOME LOAN MORTGAGE | UNSCREENED | 0.16% | no in-house ratios for this holding |
| UTEX Industries Inc | UNSCREENED | 0.13% | no in-house ratios for this holding |
| SRG-PA Seritage Growth Properties | NON_COMPLIANT | 0.09% | AAOIFI0.0% Usmani0.0% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic0.0% MSCI Islamic M-Seriesfail FTSE Shariah0.0% |
| FREDDIE MAC | UNSCREENED | 0.06% | no in-house ratios for this holding |
| LEALAND FINANCE CO BV | UNSCREENED | 0.05% | no in-house ratios for this holding |
| ATG.AX Articore Group Ltd | NON_COMPLIANT | 0.04% | AAOIFI3.4% Usmani7.1% Dow Jones Islamic— S&P Shariah— MSCI Islamic3.6% MSCI Islamic M-Series— FTSE Shariah3.6% |
| FREDDIE MAC | UNSCREENED | 0.03% | no in-house ratios for this holding |
| Mcdermott International Ltd | UNSCREENED | 0.02% | no in-house ratios for this holding |
| METALS RECOVERY HOLDINGS LLC | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 25 points of portfolio weight — 51.7% of it passes FTSE Shariah, 26.8% 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 37.3% ratios fail on 40.1% 27.9% not rated under AAOIFI
ratios pass on 45.1% ratios fail on 28.4% 31.9% not rated under Usmani
ratios pass on 41.6% ratios fail on 35.8% 28.0% not rated under Dow Jones Islamic
ratios pass on 41.2% ratios fail on 35.0% 29.1% not rated under S&P Shariah
ratios pass on 26.8% ratios fail on 45.2% 33.3% not rated under MSCI Islamic
ratios pass on 39.4% ratios fail on 38.0% 28.0% not rated under MSCI Islamic M-Series
ratios pass on 51.7% ratios fail on 21.8% 31.9% not rated under FTSE Shariah
47 of 69 listed holdings carry our own per-methodology verdicts (81% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 41 (71% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
Methodology breakdown computing — it will appear here on its own.
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Why this signal?
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
Hotchkis & Wiley Opportunities Fund (HWO) 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.
🕌 In-house Compliance Research
Computing the full ratio and business-activity breakdown for HWO — this runs off the critical path so the page paints first. It will appear here on its own.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
Not enough completed daily bars to compute pivots.
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) | 60.00 | NEUTRAL |
| Stochastic %K (14) | 83.58 | SELL |
| CCI (20) | 72.68 | NEUTRAL |
| Williams %R (14) | -16.42 | SELL |
| MACD (12,26,9) | 0.08 | BUY |
| ROC (10) | 1.76 | BUY |
| Momentum (10) | 0.47 | BUY |
| EMA (10) | 27.03 | BUY |
| SMA (10) | 27.08 | BUY |
| EMA (20) | 26.83 | BUY |
| SMA (20) | 26.63 | BUY |
| EMA (30) | 26.73 | BUY |
| SMA (30) | 26.54 | BUY |
| EMA (50) | 26.67 | BUY |
| SMA (50) | 26.74 | BUY |
| EMA (100) | 26.59 | BUY |
About Hotchkis & Wiley Opportunities Fund
The fund normally invests in equity securities, such as common stock, preferred stock and convertible securities, of any size market capitalization, and investment grade and high yield ("junk bonds") fixed income securities. It seeks to invest in companies whose future prospects are misunderstood or not fully recognized by the market. The fund employs a fundamental value investing approach which seeks to exploit market inefficiencies created by irrational investor behavior. It is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
No real edge — avoid
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.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BULLISH | 41 |
Momentum & Volume
Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.
Peer Movement
How the rest of the sector moved over the same window. Context for a price move, never a cause of one.
Peer movement computing — it will appear here on its own.
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.
Insider Activity (90d)
Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.
NO DATA 0 buys · 0 sells
COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE
The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.
NEUTRAL report date 2026-10-20 · Asset managers net 901377 (-14458)
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.