Verdicts genuinely change. Free email alert the moment KBIWX'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.
KBI GLOBAL INVESTORS AQUARIUS FUND · ADVISORS' INNER CIRCLE III
52 holdings
NON-COMPLIANT 35.07% of portfolio weight is in non-compliant holdings, over the 5% threshold.
52 holdings, 42 matched (87% of weight). Portfolio as of 2026-07-31, filed 2026-09-28. Source: SEC Form N-PORT.
0.60% of this portfolio’s income is non-permissible — weighted across holdings, computed over 80% of portfolio weight (37 of 52 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.
51.8% compliant 0.0% questionable 35.1% non-compliant 12.6% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| VIE.PA VEOLIA ENVIRONNEMENT SA | NON_COMPLIANT | 5.31% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| XYL XYLEM INC. | COMPLIANT | 4.36% | AAOIFI12.0% Usmani17.6% Dow Jones Islamic10.0% S&P Shariah10.3% MSCI Islamic17.6% MSCI Islamic M-Series10.3% FTSE Shariah16.9% |
| IEX IDEX CORPORATION | COMPLIANT | 4.31% | AAOIFI11.3% Usmani27.2% Dow Jones Islamic13.0% S&P Shariah12.7% MSCI Islamic27.2% MSCI Islamic M-Series12.7% FTSE Shariah26.8% |
| VLTO VERALTO CORPORATION | COMPLIANT | 3.71% | AAOIFI12.4% Usmani37.5% Dow Jones Islamic11.8% S&P Shariah12.2% MSCI Islamic37.5% MSCI Islamic M-Series12.2% FTSE Shariah34.8% |
| ECL ECOLAB INC. | COMPLIANT | 3.69% | AAOIFI17.0% Usmani44.6% Dow Jones Islamic18.1% S&P Shariah19.4% MSCI Islamic44.6% MSCI Islamic M-Series19.4% FTSE Shariah44.0% |
| PENTAIR PUBLIC LIMITED COMPANY | UNSCREENED | 3.24% | no in-house ratios for this holding |
| CNM CORE & MAIN, INC. | NON_COMPLIANT | 3.10% | AAOIFI33.9% Usmani41.0% Dow Jones Islamic27.6% S&P Shariah28.8% MSCI Islamic41.0% MSCI Islamic M-Series28.8% FTSE Shariah36.5% |
| CWT CALIFORNIA WATER SERVICE GROUP | NON_COMPLIANT | 3.09% | AAOIFI47.6% Usmani24.7% Dow Jones Islamic53.9% S&P Shariah54.3% MSCI Islamic24.7% MSCI Islamic M-Series54.3% FTSE Shariah24.7% |
| AWK AMERICAN WATER WORKS COMPANY, INC. | NON_COMPLIANT | 3.09% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| IR INGERSOLL RAND INC. | COMPLIANT | 2.97% | AAOIFI14.2% Usmani22.7% Dow Jones Islamic12.3% S&P Shariah12.3% MSCI Islamic22.7% MSCI Islamic M-Series12.3% FTSE Shariah22.4% |
| WTRG Essential Utilities, Inc. | NON_COMPLIANT | 2.91% | AAOIFI74.1% Usmani42.5% Dow Jones Islamic81.4% S&P Shariah84.9% MSCI Islamic42.5% MSCI Islamic M-Series84.9% FTSE Shariah42.4% |
| SPXC SPX TECHNOLOGIES, INC. | COMPLIANT | 2.84% | AAOIFI6.2% Usmani15.6% Dow Jones Islamic6.9% S&P Shariah8.0% MSCI Islamic15.6% MSCI Islamic M-Series8.0% FTSE Shariah15.6% |
| Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP | UNSCREENED | 2.78% | no in-house ratios for this holding |
| UU.L UNITED UTILITIES GROUP PLC | NON_COMPLIANT | 2.62% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| COWAY Co., Ltd. | UNSCREENED | 2.57% | no in-house ratios for this holding |
| AALB.AS Aalberts N.V. | COMPLIANT | 2.54% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 6370.T Kurita Water Industries Ltd. | COMPLIANT | 2.54% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| WEIR.L WEIR GROUP PLC(THE) | COMPLIANT | 2.43% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| SVT.L SEVERN TRENT PLC | NON_COMPLIANT | 2.37% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| PNN.L PENNON GROUP PLC | NON_COMPLIANT | 2.30% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| HALMA PUBLIC LIMITED COMPANY | UNSCREENED | 2.29% | no in-house ratios for this holding |
| SITE SITEONE LANDSCAPE SUPPLY, INC. | COMPLIANT | 2.26% | AAOIFI22.8% Usmani32.8% Dow Jones Islamic17.3% S&P Shariah16.3% MSCI Islamic28.9% MSCI Islamic M-Series16.3% FTSE Shariah15.5% |
| J JACOBS SOLUTIONS INC. | COMPLIANT | 2.10% | AAOIFI23.7% Usmani34.5% Dow Jones Islamic24.8% S&P Shariah24.5% MSCI Islamic34.5% MSCI Islamic M-Series24.5% FTSE Shariah30.5% |
| ACM AECOM | NON_COMPLIANT | 1.98% | AAOIFI38.2% Usmani27.8% Dow Jones Islamic25.1% S&P Shariah25.9% MSCI Islamic27.2% MSCI Islamic M-Series25.9% FTSE Shariah22.1% |
| WMS ADVANCED DRAINAGE SYSTEMS, INC. | COMPLIANT | 1.98% | AAOIFI16.0% Usmani40.8% Dow Jones Islamic16.1% S&P Shariah15.7% MSCI Islamic37.4% MSCI Islamic M-Series15.7% FTSE Shariah35.8% |
| TTEK TETRA TECH, INC. | COMPLIANT | 1.97% | AAOIFI11.2% Usmani23.3% Dow Jones Islamic11.0% S&P Shariah10.9% MSCI Islamic23.3% MSCI Islamic M-Series10.9% FTSE Shariah18.3% |
| ITRI ITRON, INC. | NON_COMPLIANT | 1.93% | AAOIFI38.7% Usmani41.0% Dow Jones Islamic34.3% S&P Shariah36.7% MSCI Islamic41.0% MSCI Islamic M-Series36.7% FTSE Shariah40.3% |
| FBIN FORTUNE BRANDS INNOVATIONS, INC. | NON_COMPLIANT | 1.90% | AAOIFI54.4% Usmani44.1% Dow Jones Islamic41.4% S&P Shariah37.9% MSCI Islamic44.1% MSCI Islamic M-Series37.9% FTSE Shariah40.2% |
| HTO H2O AMERICA | NON_COMPLIANT | 1.69% | AAOIFI69.6% Usmani35.0% Dow Jones Islamic99.4% S&P Shariah101.6% MSCI Islamic35.0% MSCI Islamic M-Series101.6% FTSE Shariah35.0% |
| GF.SW Georg Fischer AG | NON_COMPLIANT | 1.67% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| FERG FERGUSON ENTERPRISES INC. | UNRATED | 1.40% | AAOIFI15.7% Usmani35.7% Dow Jones Islamic16.4% S&P Shariah17.1% MSCI Islamic35.7% MSCI Islamic M-Series17.1% FTSE Shariah25.4% |
| ARCADIS N.V. | UNSCREENED | 1.37% | no in-house ratios for this holding |
| FLS FLOWSERVE CORPORATION | COMPLIANT | 1.35% | AAOIFI23.8% Usmani36.7% Dow Jones Islamic28.9% S&P Shariah32.3% MSCI Islamic36.7% MSCI Islamic M-Series32.3% FTSE Shariah33.8% |
| ANDR.VI Andritz AG | COMPLIANT | 1.34% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| MWA MUELLER WATER PRODUCTS, INC. | COMPLIANT | 1.31% | AAOIFI12.2% Usmani23.2% Dow Jones Islamic11.6% S&P Shariah13.3% MSCI Islamic23.2% MSCI Islamic M-Series13.3% FTSE Shariah23.2% |
| VMI VALMONT INDUSTRIES, INC. | COMPLIANT | 1.26% | AAOIFI9.4% Usmani25.2% Dow Jones Islamic11.5% S&P Shariah13.0% MSCI Islamic25.2% MSCI Islamic M-Series13.0% FTSE Shariah21.1% |
| FELE FRANKLIN ELECTRIC CO., INC. | COMPLIANT | 1.18% | AAOIFI6.6% Usmani14.6% Dow Jones Islamic6.7% S&P Shariah6.7% MSCI Islamic14.6% MSCI Islamic M-Series6.7% FTSE Shariah11.2% |
| STN Stantec Inc. | COMPLIANT | 1.00% | AAOIFI16.0% Usmani22.9% Dow Jones Islamic13.0% S&P Shariah13.7% MSCI Islamic22.9% MSCI Islamic M-Series13.7% FTSE Shariah22.9% |
| LNN LINDSAY CORPORATION | COMPLIANT | 0.99% | AAOIFI11.0% Usmani16.8% Dow Jones Islamic10.4% S&P Shariah10.5% MSCI Islamic16.8% MSCI Islamic M-Series10.5% FTSE Shariah14.0% |
| TTC THE TORO COMPANY | COMPLIANT | 0.99% | AAOIFI12.0% Usmani30.5% Dow Jones Islamic13.4% S&P Shariah13.0% MSCI Islamic30.5% MSCI Islamic M-Series13.0% FTSE Shariah27.2% |
| DD DUPONT DE NEMOURS, INC. | COMPLIANT | 0.94% | AAOIFI17.6% Usmani14.8% Dow Jones Islamic12.1% S&P Shariah11.4% MSCI Islamic14.8% MSCI Islamic M-Series11.4% FTSE Shariah14.8% |
| BMI BADGER METER, INC. | COMPLIANT | 0.91% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| ERII ENERGY RECOVERY, INC. | COMPLIANT | 0.74% | AAOIFI2.1% Usmani4.2% Dow Jones Islamic1.1% S&P Shariah1.0% MSCI Islamic4.2% MSCI Islamic M-Series1.0% FTSE Shariah0.0% |
| MAS MASCO CORPORATION | COMPLIANT | 0.66% | AAOIFI23.0% Usmani61.8% Dow Jones Islamic22.1% S&P Shariah22.3% MSCI Islamic61.5% MSCI Islamic M-Series22.3% FTSE Shariah56.3% |
| ONT ONTERRIS, INC. | NON_COMPLIANT | 0.53% | AAOIFI63.9% Usmani43.3% Dow Jones Islamic50.6% S&P Shariah44.0% MSCI Islamic40.2% MSCI Islamic M-Series44.0% FTSE Shariah36.1% |
| N/A | UNSCREENED | 0.40% | no in-house ratios for this holding |
| 0855.HK CHINA WATER AFFAIRS GROUP LIMITED | NON_COMPLIANT | 0.33% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ERF.PA EUROFINS SCIENTIFIC SE | NON_COMPLIANT | 0.25% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| GOLDMAN, SACHS & CO. | UNSCREENED | 0.00% | no in-house ratios for this holding |
| UBS SECURITIES | UNSCREENED | 0.00% | no in-house ratios for this holding |
| UBS SECURITIES | UNSCREENED | 0.00% | no in-house ratios for this holding |
| GOLDMAN, SACHS & CO. | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 12 points of portfolio weight — 50.6% of it passes Dow Jones Islamic, 38.3% 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 48.1% ratios fail on 32.0% 19.4% not rated under AAOIFI
ratios pass on 43.2% ratios fail on 39.6% 16.6% not rated under Usmani
ratios pass on 50.6% ratios fail on 29.4% 19.4% not rated under Dow Jones Islamic
ratios pass on 50.6% ratios fail on 29.4% 19.4% not rated under S&P Shariah
ratios pass on 38.3% ratios fail on 44.5% 16.6% not rated under MSCI Islamic
ratios pass on 50.6% ratios fail on 29.4% 19.4% not rated under MSCI Islamic M-Series
ratios pass on 45.3% ratios fail on 36.1% 18.0% not rated under FTSE Shariah
42 of 52 listed holdings carry our own per-methodology verdicts (87% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 29 (59% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| VIE.PA VEOLIA ENVIRONNEMENT SA | 5.31% |
| CNM CORE & MAIN, INC. | 3.10% |
| CWT CALIFORNIA WATER SERVICE GROUP | 3.09% |
| AWK AMERICAN WATER WORKS COMPANY, INC. | 3.09% |
| WTRG Essential Utilities, Inc. | 2.91% |
| UU.L UNITED UTILITIES GROUP PLC | 2.62% |
| SVT.L SEVERN TRENT PLC | 2.37% |
| PNN.L PENNON GROUP PLC | 2.30% |
| ACM AECOM | 1.98% |
| ITRI ITRON, INC. | 1.93% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
KBI GLOBAL INVESTORS AQUARIUS FUND (KBIWX) 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 |
|---|---|---|
| VIE.PAVEOLIA ENVIRONNEMENT SA | 5.31% | Non-compliant |
| XYLXYLEM INC. | 4.36% | Compliant |
| IEXIDEX CORPORATION | 4.31% | Compliant |
| VLTOVERALTO CORPORATION | 3.71% | Compliant |
| ECLECOLAB INC. | 3.69% | Compliant |
| PENTAIR PUBLIC LIMITED COMPANYnot matched to a ticker | 3.24% | Not screened |
| CNMCORE & MAIN, INC. | 3.10% | Non-compliant |
| CWTCALIFORNIA WATER SERVICE GROUP | 3.09% | Non-compliant |
| AWKAMERICAN WATER WORKS COMPANY, INC. | 3.09% | Non-compliant |
| IRINGERSOLL RAND INC. | 2.97% | Compliant |
Top 10 of 52 holdings, 36.9% 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 KBIWX. 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 6 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) | 49.90 | NEUTRAL |
| Stochastic %K (14) | 83.33 | SELL |
| CCI (20) | 64.96 | NEUTRAL |
| Williams %R (14) | -16.67 | SELL |
| MACD (12,26,9) | 0.03 | BUY |
| ROC (10) | 1.08 | BUY |
| Momentum (10) | 0.12 | BUY |
| EMA (10) | 11.16 | BUY |
| SMA (10) | 11.15 | BUY |
| EMA (20) | 11.19 | BUY |
| SMA (20) | 11.14 | BUY |
| EMA (30) | 11.24 | SELL |
| SMA (30) | 11.20 | BUY |
| EMA (50) | 11.32 | SELL |
| SMA (50) | 11.42 | SELL |
| EMA (100) | 11.39 | SELL |
| SMA (100) | 11.45 | SELL |
| EMA (200) | 11.38 | SELL |
| SMA (200) | 11.47 | 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.