MTRAETF / FundInvesco International Growth Focus ETF
Verdicts genuinely change. Free email alert the moment MTRA'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.
Invesco International Growth Focus ETF · Invesco Actively Managed Exchange-Traded Fund Trust
54 holdings
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 103% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT 23.55% of portfolio weight is in non-compliant holdings, over the 5% threshold.
54 holdings, 46 matched (90% of weight). Portfolio as of 2026-07-31, filed 2026-09-28. Source: SEC Form N-PORT.
5.43% of this portfolio’s income is non-permissible — weighted across holdings, computed over 77% of portfolio weight (37 of 54 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.
66.7% compliant 0.0% questionable 22.8% non-compliant 10.5% unscreened
All holdings (54)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| TSM Taiwan Semiconductor Manufacturing Co. Ltd. | COMPLIANT | 9.38% | AAOIFI1.5% Usmani13.8% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic13.4% MSCI Islamic M-Series0.6% FTSE Shariah13.4% |
| ASML.AS ASML Holding N.V. | COMPLIANT | 6.06% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| SIEMENS.NS Siemens AG | COMPLIANT | 4.20% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| 300750.SZ Contemporary Amperex Technology Co., Ltd. | COMPLIANT | 2.90% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| LONN.SW Lonza Group AG | COMPLIANT | 2.78% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 8306.T Mitsubishi Ufj Financial Group, Inc. | NON_COMPLIANT | 2.63% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AIR.PA Airbus SE | NON_COMPLIANT | 2.51% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NOVO-B.CO Novo Nordisk A/S | COMPLIANT | 2.41% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| RELIANCE.NS Reliance Industries Ltd. | COMPLIANT | 2.37% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| Invesco Private Prime Fund | UNSCREENED | 2.35% | no in-house ratios for this holding |
| ALE.WA Allegro.eu S.A. | COMPLIANT | 2.27% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| SU.PA Schneider Electric SE | COMPLIANT | 2.25% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| ICICIBANK.NS ICICI Bank Ltd. | NON_COMPLIANT | 2.23% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| DIM.PA Sartorius Stedim Biotech S.A. | COMPLIANT | 2.15% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| Cie Financiere Richemont S.A. | UNSCREENED | 2.08% | no in-house ratios for this holding |
| 6501.T Hitachi, Ltd. | COMPLIANT | 2.06% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 000660.KS SK hynix Inc. | COMPLIANT | 2.05% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| UBSG.SW UBS Group AG | NON_COMPLIANT | 2.01% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BATS.L British American Tobacco PLC | NON_COMPLIANT | 1.93% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| KYCCF Keyence Corp. | COMPLIANT | 1.90% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| TSCO.L Tesco PLC | NON_COMPLIANT | 1.86% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 0700.HK Tencent Holdings Ltd. | COMPLIANT | 1.86% | AAOIFIpass Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| ILMN Illumina, Inc. | COMPLIANT | 1.79% | AAOIFI1.6% Usmani8.1% Dow Jones Islamic2.7% S&P Shariah2.7% MSCI Islamic8.1% MSCI Islamic M-Series2.7% FTSE Shariah0.0% |
| FERG Ferguson Enterprises Inc. | UNRATED | 1.78% | AAOIFI15.7% Usmani35.7% Dow Jones Islamic16.4% S&P Shariah17.1% MSCI Islamic35.7% MSCI Islamic M-Series17.1% FTSE Shariah25.4% |
| AC.MX Arca Continental, S.A.B. de C.V. | COMPLIANT | 1.73% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| SAN.MC Banco Santander S.A. | NON_COMPLIANT | 1.73% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| LSEG.L London Stock Exchange Group PLC | NON_COMPLIANT | 1.71% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Invesco Premier U.S. Government Money Portfolio | UNSCREENED | 1.69% | no in-house ratios for this holding |
| CP Canadian Pacific Kansas City Ltd. | COMPLIANT | 1.67% | AAOIFI23.2% Usmani28.2% Dow Jones Islamic24.6% S&P Shariah24.4% MSCI Islamic28.2% MSCI Islamic M-Series24.4% FTSE Shariah28.2% |
| BA.L BAE Systems PLC | NON_COMPLIANT | 1.65% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Teva Pharmaceutical Industries Ltd. | UNSCREENED | 1.64% | no in-house ratios for this holding |
| RR.L Rolls-Royce Holdings PLC | NON_COMPLIANT | 1.63% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| RYAAY Ryanair Holdings PLC | COMPLIANT | 1.60% | AAOIFI9.6% Usmani15.3% Dow Jones Islamic3.6% S&P Shariah3.0% MSCI Islamic15.3% MSCI Islamic M-Series3.0% FTSE Shariah15.3% |
| STMN.SW Straumann Holding AG | COMPLIANT | 1.51% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| HSBA.L HSBC Holdings PLC | NON_COMPLIANT | 1.50% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AZN AstraZeneca PLC | COMPLIANT | 1.46% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| BKNG Booking Holdings Inc. | COMPLIANT | 1.41% | AAOIFI16.4% Usmani69.7% Dow Jones Islamic13.4% S&P Shariah14.4% MSCI Islamic69.7% MSCI Islamic M-Series14.4% FTSE Shariah68.0% |
| AIQUY Air Liquide S.A. | COMPLIANT | 1.26% | AAOIFI12.6% Usmani28.6% Dow Jones Islamic65.9% S&P Shariah67.2% MSCI Islamic26.2% MSCI Islamic M-Series67.2% FTSE Shariah26.2% |
| BABA Alibaba Group Holding Ltd. | COMPLIANT | 1.23% | AAOIFI7.6% Usmani1.1% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic1.1% MSCI Islamic M-Series0.2% FTSE Shariah0.0% |
| SAP SAP SE | COMPLIANT | 1.22% | AAOIFI3.5% Usmani13.0% Dow Jones Islamic3.1% S&P Shariah3.4% MSCI Islamic10.6% MSCI Islamic M-Series3.4% FTSE Shariah10.6% |
| 005930.KS Samsung Electronics Co., Ltd. | COMPLIANT | 1.15% | AAOIFI1.4% Usmani5.3% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.5% MSCI Islamic M-Seriespass FTSE Shariah4.5% |
| Anheuser-Busch InBev S.A./N.V. | UNSCREENED | 1.15% | no in-house ratios for this holding |
| SE Sea Ltd. | COMPLIANT | 1.10% | AAOIFI3.7% Usmani8.8% Dow Jones Islamic3.3% S&P Shariah4.1% MSCI Islamic8.6% MSCI Islamic M-Series4.1% FTSE Shariah3.6% |
| EBS.VI Erste Group Bank AG | NON_COMPLIANT | 1.08% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| IMCD.AS IMCD N.V. | NON_COMPLIANT | 1.06% | AAOIFIfail Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| HLMA.L Halma PLC | COMPLIANT | 1.03% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 6857.T Advantest Corp. | COMPLIANT | 1.01% | AAOIFIpass Usmani— Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| GALDY Galderma Group AG | COMPLIANT | 0.99% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| Orsted A/S | UNSCREENED | 0.96% | no in-house ratios for this holding |
| Invesco Private Government Fund | UNSCREENED | 0.91% | no in-house ratios for this holding |
| EPI-A.ST Epiroc AB | COMPLIANT | 0.88% | AAOIFI6.4% Usmani28.6% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic25.1% MSCI Islamic M-Seriespass FTSE Shariah25.1% |
| ARGX argenx SE | COMPLIANT | 0.78% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| AU AngloGold Ashanti PLC | COMPLIANT | 0.69% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| Vinci S.A. | UNSCREENED | 0.01% | no in-house ratios for this holding |
The published standards disagree about this fund by 27 points of portfolio weight — 62.0% of it passes AAOIFI, 34.6% 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 62.0% ratios fail on 24.8% 16.5% not rated under AAOIFI
ratios pass on 36.1% ratios fail on 48.4% 18.8% not rated under Usmani
ratios pass on 58.3% ratios fail on 23.7% 21.2% not rated under Dow Jones Islamic
ratios pass on 58.3% ratios fail on 23.7% 21.2% not rated under S&P Shariah
ratios pass on 34.6% ratios fail on 49.3% 19.4% not rated under MSCI Islamic
ratios pass on 58.3% ratios fail on 23.7% 21.2% not rated under MSCI Islamic M-Series
ratios pass on 37.7% ratios fail on 44.4% 21.2% not rated under FTSE Shariah
46 of 54 listed holdings carry our own per-methodology verdicts (92% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 12 (24% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| 8306.T Mitsubishi Ufj Financial Group, Inc. | 2.63% |
| AIR.PA Airbus SE | 2.51% |
| ICICIBANK.NS ICICI Bank Ltd. | 2.23% |
| UBSG.SW UBS Group AG | 2.01% |
| BATS.L British American Tobacco PLC | 1.93% |
| TSCO.L Tesco PLC | 1.86% |
| SAN.MC Banco Santander S.A. | 1.73% |
| LSEG.L London Stock Exchange Group PLC | 1.71% |
| BA.L BAE Systems PLC | 1.65% |
| RR.L Rolls-Royce Holdings PLC | 1.63% |
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.
Invesco International Growth Focus ETF (MTRA) 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 MTRA — 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) | 41.60 | NEUTRAL |
| Stochastic %K (14) | 31.27 | NEUTRAL |
| CCI (20) | -72.10 | NEUTRAL |
| Williams %R (14) | -68.73 | NEUTRAL |
| MACD (12,26,9) | -0.04 | SELL |
| ROC (10) | -1.76 | SELL |
| Momentum (10) | -0.46 | SELL |
| EMA (10) | 25.60 | SELL |
| SMA (10) | 25.58 | SELL |
| EMA (20) | 25.84 | SELL |
| SMA (20) | 25.93 | SELL |
| EMA (30) | 26.02 | SELL |
| SMA (30) | 26.12 | SELL |
| EMA (50) | 26.22 | SELL |
| SMA (50) | 26.42 | SELL |
| EMA (100) | 26.35 | SELL |
| SMA (100) | 26.58 | SELL |
| EMA (200) | 26.22 | SELL |
| SMA (200) | 26.22 | SELL |
About Invesco International Growth Focus ETF
The fund seeks to achieve its investment objective by investing, under normal market conditions, primarily in the equity securities (as well as American depositary receipts (“ADRs”) and global depositary receipts (“GDRs”) that represent such securities) of growth companies that are domiciled or have their primary operations outside of the United States. The fund is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
Weak — low conviction, small size or skip
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 | BEARISH | 41 |
| ⏲ 5-Min | BEARISH | 20 |
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.