Verdicts genuinely change. Free email alert the moment PEPSX'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.
Global Emerging Markets Fund · Principal Funds, Inc
73 holdings
NON-COMPLIANT 28.62% of portfolio weight is in non-compliant holdings, over the 5% threshold.
73 holdings, 55 matched (88% of weight). Portfolio as of 2026-07-31, filed 2026-09-25. Source: SEC Form N-PORT.
7.54% of this portfolio’s income is non-permissible — weighted across holdings, computed over 78% of portfolio weight (46 of 73 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.
59.3% compliant 0.0% questionable 28.5% non-compliant 12.2% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| TSM Taiwan Semiconductor Manufacturing Co Ltd | COMPLIANT | 17.64% | AAOIFI1.5% Usmani13.8% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic13.4% MSCI Islamic M-Series0.6% FTSE Shariah13.4% |
| 005930.KS Samsung Electronics Co Ltd | COMPLIANT | 9.27% | AAOIFI1.4% Usmani5.3% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.5% MSCI Islamic M-Seriespass FTSE Shariah4.5% |
| 0700.HK Tencent Holdings Ltd | COMPLIANT | 3.84% | AAOIFIpass Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| 000660.KS SK hynix Inc | COMPLIANT | 3.67% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| BABA Alibaba Group Holding Ltd | COMPLIANT | 2.88% | AAOIFI7.6% Usmani1.1% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic1.1% MSCI Islamic M-Series0.2% FTSE Shariah0.0% |
| 1299.HK AIA Group Ltd | NON_COMPLIANT | 2.25% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ICICIBANK.NS ICICI Bank Ltd | NON_COMPLIANT | 2.04% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| HDFCBANK.NS HDFC Bank Ltd | NON_COMPLIANT | 1.93% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TPEIR.AT Piraeus Bank SA | NON_COMPLIANT | 1.82% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 2308.TW Delta Electronics Inc | COMPLIANT | 1.73% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| BPAC11.SA Banco BTG Pactual SA | NON_COMPLIANT | 1.72% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Principal Funds, Inc - Government Money Market Fund - Class R-6 | UNSCREENED | 1.62% | no in-house ratios for this holding |
| YUMC Yum China Holdings Inc | NON_COMPLIANT | 1.38% | AAOIFI15.1% Usmani21.2% Dow Jones Islamic13.5% S&P Shariah13.7% MSCI Islamic20.7% MSCI Islamic M-Series13.7% FTSE Shariah0.6% |
| 2454.TW MediaTek Inc | COMPLIANT | 1.32% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 0388.HK Hong Kong Exchanges & Clearing Ltd | NON_COMPLIANT | 1.32% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TECK Teck Resources Ltd | COMPLIANT | 1.29% | AAOIFI11.1% Usmani8.6% Dow Jones Islamic12.4% S&P Shariah12.9% MSCI Islamic8.6% MSCI Islamic M-Series12.9% FTSE Shariah8.6% |
| BAP Credicorp Ltd | NON_COMPLIANT | 1.26% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| MELI MercadoLibre Inc | COMPLIANT | 1.26% | AAOIFI20.1% Usmani38.5% Dow Jones Islamic19.0% S&P Shariah20.6% MSCI Islamic38.3% MSCI Islamic M-Series20.6% FTSE Shariah33.3% |
| 079550.KS LIG Defense&Aerospace Co Ltd | NON_COMPLIANT | 1.20% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ADNOC Drilling Co PJSC | UNSCREENED | 1.20% | no in-house ratios for this holding |
| IDFCFIRSTB.BO IDFC First Bank Ltd | NON_COMPLIANT | 1.19% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Grupo Financiero Banorte SAB de CV | UNSCREENED | 1.19% | no in-house ratios for this holding |
| RELIANCE.NS Reliance Industries Ltd | COMPLIANT | 1.17% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 300750.SZ Contemporary Amperex Technology Co Ltd | COMPLIANT | 1.17% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| ULTRACEMCO.NS UltraTech Cement Ltd | COMPLIANT | 1.16% | AAOIFI7.1% Usmani17.5% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic16.8% MSCI Islamic M-Seriespass FTSE Shariah16.8% |
| ASML ASML Holding NV - NY Reg Shares | COMPLIANT | 1.15% | AAOIFI0.8% Usmani8.7% Dow Jones Islamic1.3% S&P Shariah1.4% MSCI Islamic8.7% MSCI Islamic M-Series1.4% FTSE Shariah8.7% |
| PRIO SA/Brazil | UNSCREENED | 1.12% | no in-house ratios for this holding |
| 9961.HK Trip.com Group Ltd | NON_COMPLIANT | 1.12% | AAOIFIfail Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| VALE3.SA Vale SA | NON_COMPLIANT | 1.11% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 2338.HK Weichai Power Co Ltd | NON_COMPLIANT | 1.11% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 2345.TW Accton Technology Corp | COMPLIANT | 1.10% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| BAJFINANCE.NS Bajaj Finance Ltd | NON_COMPLIANT | 1.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Chroma ATE Inc | UNSCREENED | 1.05% | no in-house ratios for this holding |
| PKO.WA Powszechna Kasa Oszczednosci Bank Polski SA | NON_COMPLIANT | 1.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TBBB BBB Foods Inc | COMPLIANT | 1.04% | AAOIFI39.1% Usmani7.4% Dow Jones Islamic3.7% S&P Shariah3.9% MSCI Islamic7.4% MSCI Islamic M-Series3.9% FTSE Shariah7.4% |
| Aldar Properties PJSC | UNSCREENED | 0.99% | no in-house ratios for this holding |
| GRAB Grab Holdings Ltd | NON_COMPLIANT | 0.97% | AAOIFI14.7% Usmani17.1% Dow Jones Islamic11.1% S&P Shariah12.2% MSCI Islamic17.1% MSCI Islamic M-Series12.2% FTSE Shariah17.1% |
| INDHOTEL.NS Indian Hotels Co Ltd/The | COMPLIANT | 0.96% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| WPM Wheaton Precious Metals Corp | COMPLIANT | 0.95% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| AC.MX Arca Continental SAB de CV | COMPLIANT | 0.95% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| APLAPOLLO.NS APL Apollo Tubes Ltd | COMPLIANT | 0.94% | AAOIFI0.8% Usmani6.1% Dow Jones Islamic— S&P Shariah— MSCI Islamic5.6% MSCI Islamic M-Series— FTSE Shariah5.6% |
| 8210.SR Bupa Arabia for Cooperative Insurance Co | NON_COMPLIANT | 0.94% | AAOIFI1.1% Usmani3.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic1.5% MSCI Islamic M-Seriesfail FTSE Shariah1.5% |
| Anker Innovations Technology Co Ltd | UNSCREENED | 0.90% | no in-house ratios for this holding |
| VBL.NS Varun Beverages Ltd | COMPLIANT | 0.89% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| HTHT H World Group Ltd | NON_COMPLIANT | 0.83% | AAOIFI31.7% Usmani55.7% Dow Jones Islamic3.9% S&P Shariah4.2% MSCI Islamic50.8% MSCI Islamic M-Series4.2% FTSE Shariah9.0% |
| NTES NetEase Inc | NON_COMPLIANT | 0.82% | AAOIFI0.9% Usmani0.3% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.3% MSCI Islamic M-Series0.0% FTSE Shariah0.2% |
| Samsung Biologics Co Ltd | UNSCREENED | 0.81% | no in-house ratios for this holding |
| MFSL.NS Max Financial Services Ltd | NON_COMPLIANT | 0.73% | AAOIFI4.4% Usmani1.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic1.2% MSCI Islamic M-Seriesfail FTSE Shariah1.2% |
| Asia Commercial Bank JSC | UNSCREENED | 0.70% | no in-house ratios for this holding |
| BIMAS.IS BIM Birlesik Magazalar AS | COMPLIANT | 0.69% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 402340.KS SK Square Co Ltd | COMPLIANT | 0.69% | AAOIFI0.1% Usmani0.7% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic0.4% MSCI Islamic M-Seriespass FTSE Shariah0.4% |
| Richter Gedeon Nyrt | UNSCREENED | 0.68% | no in-house ratios for this holding |
| TCB.VN Vietnam Technological & Commercial Joint Stock Bank | NON_COMPLIANT | 0.67% | AAOIFI123.9% Usmani23.5% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic23.5% MSCI Islamic M-Seriesfail FTSE Shariah23.5% |
| Voltronic Power Technology Corp | UNSCREENED | 0.63% | no in-house ratios for this holding |
| ONC BeOne Medicines Ltd | COMPLIANT | 0.63% | AAOIFI2.8% Usmani12.5% Dow Jones Islamic0.3% S&P Shariah0.3% MSCI Islamic12.5% MSCI Islamic M-Series0.3% FTSE Shariah11.7% |
| 1109.HK China Resources Land Ltd | NON_COMPLIANT | 0.63% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 443060.KS HD Hyundai Marine Solution Co Ltd | COMPLIANT | 0.62% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| M&M.NS Mahindra & Mahindra Ltd | NON_COMPLIANT | 0.61% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Localiza Rent a Car SA | UNSCREENED | 0.61% | no in-house ratios for this holding |
| VMM.NS Vishal Mega Mart Ltd | COMPLIANT | 0.61% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 064350.KS Hyundai Rotem Co Ltd | COMPLIANT | 0.54% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| CSG.AS CSG NV | NON_COMPLIANT | 0.47% | AAOIFI22.8% Usmani44.7% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic44.7% MSCI Islamic M-Seriesfail FTSE Shariah44.7% |
| WEGE3.SA WEG SA | COMPLIANT | 0.44% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 2096.HK Simcere Pharmaceutical Group Ltd | COMPLIANT | 0.41% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 002223.SZ Jiangsu Yuyue Medical Equipment & Supply Co Ltd | COMPLIANT | 0.40% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| GPCR Structure Therapeutics Inc | NON_COMPLIANT | 0.40% | AAOIFI0.2% Usmani0.4% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.4% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| Cury Construtora e Incorporadora SA | UNSCREENED | 0.32% | no in-house ratios for this holding |
| JSW One Platforms LTD | UNSCREENED | 0.20% | no in-house ratios for this holding |
| Emirates Central Cooling Systems Corp | UNSCREENED | 0.18% | no in-house ratios for this holding |
| 300750.SZ Contemporary Amperex Technology Co Ltd | COMPLIANT | 0.12% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| BlackRock Liquidity FedFund - Institutional Class | UNSCREENED | 0.03% | no in-house ratios for this holding |
| Severstal PAO | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Polyus PJSC | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 27 points of portfolio weight — 58.0% of it passes AAOIFI, 31.1% 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 58.0% ratios fail on 30.2% 12.2% not rated under AAOIFI
ratios pass on 34.4% ratios fail on 43.9% 22.0% not rated under Usmani
ratios pass on 55.2% ratios fail on 23.8% 21.3% not rated under Dow Jones Islamic
ratios pass on 55.2% ratios fail on 23.8% 21.3% not rated under S&P Shariah
ratios pass on 31.1% ratios fail on 48.0% 21.3% not rated under MSCI Islamic
ratios pass on 55.2% ratios fail on 23.8% 21.3% not rated under MSCI Islamic M-Series
ratios pass on 36.7% ratios fail on 42.5% 21.3% not rated under FTSE Shariah
54 of 73 listed holdings carry our own per-methodology verdicts (88% 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 |
|---|---|
| 1299.HK AIA Group Ltd | 2.25% |
| ICICIBANK.NS ICICI Bank Ltd | 2.04% |
| HDFCBANK.NS HDFC Bank Ltd | 1.93% |
| TPEIR.AT Piraeus Bank SA | 1.82% |
| BPAC11.SA Banco BTG Pactual SA | 1.72% |
| YUMC Yum China Holdings Inc | 1.38% |
| 0388.HK Hong Kong Exchanges & Clearing Ltd | 1.32% |
| BAP Credicorp Ltd | 1.26% |
| 079550.KS LIG Defense&Aerospace Co Ltd | 1.20% |
| IDFCFIRSTB.BO IDFC First Bank Ltd | 1.19% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Global Emerging Markets Fund (PEPSX) 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 |
|---|---|---|
| TSMTaiwan Semiconductor Manufacturing Co Ltd | 17.64% | Compliant |
| 005930.KSSamsung Electronics Co Ltd | 9.27% | Compliant |
| 0700.HKTencent Holdings Ltd | 3.84% | Compliant |
| 000660.KSSK hynix Inc | 3.67% | Compliant |
| BABAAlibaba Group Holding Ltd | 2.88% | Compliant |
| 1299.HKAIA Group Ltd | 2.25% | Non-compliant |
| ICICIBANK.NSICICI Bank Ltd | 2.04% | Non-compliant |
| HDFCBANK.NSHDFC Bank Ltd | 1.93% | Non-compliant |
| TPEIR.ATPiraeus Bank SA | 1.82% | Non-compliant |
| 2308.TWDelta Electronics Inc | 1.73% | Compliant |
Top 10 of 73 holdings, 47.1% 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 PEPSX. 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 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.
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) | 46.70 | NEUTRAL |
| Stochastic %K (14) | 23.08 | NEUTRAL |
| CCI (20) | -48.80 | NEUTRAL |
| Williams %R (14) | -76.92 | NEUTRAL |
| MACD (12,26,9) | -0.08 | SELL |
| ROC (10) | -2.02 | SELL |
| Momentum (10) | -0.84 | SELL |
| EMA (10) | 41.17 | SELL |
| SMA (10) | 41.19 | SELL |
| EMA (20) | 41.22 | SELL |
| SMA (20) | 41.19 | SELL |
| EMA (30) | 41.20 | SELL |
| SMA (30) | 41.25 | SELL |
| EMA (50) | 41.12 | SELL |
| SMA (50) | 41.15 | SELL |
| EMA (100) | 40.65 | BUY |
| SMA (100) | 41.17 | SELL |
| EMA (200) | 38.99 | BUY |
| SMA (200) | 39.44 | 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.