Verdicts genuinely change. Free email alert the moment PEQUX'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.
Putnam Focused International Equity Fund
45 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 101% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT 32.21% of portfolio weight is in non-compliant holdings, over the 5% threshold.
45 holdings, 35 matched (96% of weight). Portfolio as of 2026-07-31, filed 2026-09-25. Source: SEC Form N-PORT.
4.10% of this portfolio’s income is non-permissible — weighted across holdings, computed over 87% of portfolio weight (32 of 45 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.
62.2% compliant 1.9% questionable 31.8% non-compliant 4.1% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| TSM Taiwan Semiconductor Manufacturing Co. Ltd. | COMPLIANT | 8.02% | AAOIFI1.5% Usmani13.8% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic13.4% MSCI Islamic M-Series0.6% FTSE Shariah13.4% |
| ASML ASML Holding NV | COMPLIANT | 5.01% | AAOIFI0.8% Usmani8.7% Dow Jones Islamic1.3% S&P Shariah1.4% MSCI Islamic8.7% MSCI Islamic M-Series1.4% FTSE Shariah8.7% |
| RYAAY Ryanair Holdings plc | COMPLIANT | 4.92% | AAOIFI9.6% Usmani15.3% Dow Jones Islamic3.6% S&P Shariah3.0% MSCI Islamic15.3% MSCI Islamic M-Series3.0% FTSE Shariah15.3% |
| CSU.TO Constellation Software, Inc. | COMPLIANT | 4.12% | AAOIFI13.2% Usmani38.4% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic35.8% MSCI Islamic M-Seriespass FTSE Shariah35.8% |
| CNQ Canadian Natural Resources Ltd. | COMPLIANT | 3.93% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| A5G.IR AIB Group plc | NON_COMPLIANT | 3.74% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BAYN.DE Bayer AG | NON_COMPLIANT | 3.73% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| EDEN.PA Edenred SE | NON_COMPLIANT | 3.59% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| EVD.DE CTS Eventim AG & Co. KGaA | COMPLIANT | 3.45% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| RMV.L Rightmove plc | COMPLIANT | 3.38% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| LSEG.L London Stock Exchange Group plc | NON_COMPLIANT | 2.90% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 8001.T ITOCHU Corp. | NON_COMPLIANT | 2.85% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 6055.T Japan Material Co. Ltd. | COMPLIANT | 2.79% | AAOIFI0.1% Usmani0.4% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic0.2% MSCI Islamic M-Seriespass FTSE Shariah0.2% |
| ETE.AT National Bank of Greece SA | NON_COMPLIANT | 2.72% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SOON.SW Sonova Holding AG | COMPLIANT | 2.61% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 3923.T Rakus Co. Ltd. | COMPLIANT | 2.61% | AAOIFI0.0% Usmani0.0% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic0.0% MSCI Islamic M-Seriespass FTSE Shariah0.0% |
| 3064.T MonotaRO Co. Ltd. | COMPLIANT | 2.58% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| BOLSAA.MX Bolsa Mexicana de Valores SAB de CV | NON_COMPLIANT | 2.53% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 000660.KS SK Hynix, Inc. | COMPLIANT | 2.42% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| BABA Alibaba Group Holding Ltd. | COMPLIANT | 2.27% | AAOIFI7.6% Usmani1.1% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic1.1% MSCI Islamic M-Series0.2% FTSE Shariah0.0% |
| 402340.KS SK Square Co. Ltd. | COMPLIANT | 2.25% | AAOIFI0.1% Usmani0.7% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic0.4% MSCI Islamic M-Seriespass FTSE Shariah0.4% |
| BKG.L Berkeley Group Holdings plc | NON_COMPLIANT | 2.18% | AAOIFIfail Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| ADM.L Admiral Group plc | NON_COMPLIANT | 2.10% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 005930.KS Samsung Electronics Co. Ltd. | COMPLIANT | 2.08% | AAOIFI1.4% Usmani5.3% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.5% MSCI Islamic M-Seriespass FTSE Shariah4.5% |
| 2413.T M3, Inc. | COMPLIANT | 2.08% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 8035.T Tokyo Electron Ltd. | COMPLIANT | 2.06% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| GOOG Alphabet, Inc. | QUESTIONABLE | 1.95% | AAOIFI2.9% Usmani13.1% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic12.8% MSCI Islamic M-Series4.5% FTSE Shariah10.9% |
| FDJU.PA FDJ United | NON_COMPLIANT | 1.78% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| UMG.AS Universal Music Group NV | COMPLIANT | 1.76% | AAOIFI13.5% Usmani22.7% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic19.5% MSCI Islamic M-Seriespass FTSE Shariah19.5% |
| AZN AstraZeneca plc | COMPLIANT | 1.71% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| IPCO.TO International Petroleum Corp. | COMPLIANT | 1.70% | AAOIFI16.7% Usmani24.8% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic24.6% MSCI Islamic M-Seriespass FTSE Shariah24.6% |
| CCA.TO Cogeco Communications, Inc. | NON_COMPLIANT | 1.65% | AAOIFI176.0% Usmani60.7% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic59.7% MSCI Islamic M-Seriesfail FTSE Shariah59.7% |
| Putnam Cash Collateral Pool LLC | UNSCREENED | 1.47% | no in-house ratios for this holding |
| LBTYA Liberty Global Ltd. | NON_COMPLIANT | 1.38% | AAOIFI252.0% Usmani42.6% Dow Jones Islamic238.9% S&P Shariah255.7% MSCI Islamic42.4% MSCI Islamic M-Series255.7% FTSE Shariah38.6% |
| Putnam Short Term Investment Fund | UNSCREENED | 1.37% | no in-house ratios for this holding |
| UL Unilever plc | COMPLIANT | 1.27% | AAOIFI27.6% Usmani41.0% Dow Jones Islamic23.6% S&P Shariah24.9% MSCI Islamic39.2% MSCI Islamic M-Series24.9% FTSE Shariah39.2% |
| Otoki Corp. | UNSCREENED | 1.14% | no in-house ratios for this holding |
| PRX.AS Prosus NV | NON_COMPLIANT | 1.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| N/A | UNSCREENED | 0.17% | no in-house ratios for this holding |
| New Taiwan Dollar | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Canadian Dollar | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Won | UNSCREENED | 0.00% | no in-house ratios for this holding |
| EURO | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Indian Rupee | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Mexican Peso | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 34 points of portfolio weight — 57.1% of it passes AAOIFI, 22.9% 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 57.1% ratios fail on 34.5% 9.8% not rated under AAOIFI
ratios pass on 33.8% ratios fail on 55.5% 12.1% not rated under Usmani
ratios pass on 54.3% ratios fail on 30.0% 17.0% not rated under Dow Jones Islamic
ratios pass on 54.3% ratios fail on 30.0% 17.0% not rated under S&P Shariah
ratios pass on 22.9% ratios fail on 59.5% 18.9% not rated under MSCI Islamic
ratios pass on 54.3% ratios fail on 30.0% 17.0% not rated under MSCI Islamic M-Series
ratios pass on 31.5% ratios fail on 52.8% 17.0% not rated under FTSE Shariah
35 of 45 listed holdings carry our own per-methodology verdicts (97% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 15 (44% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| A5G.IR AIB Group plc | 3.74% |
| BAYN.DE Bayer AG | 3.73% |
| EDEN.PA Edenred SE | 3.59% |
| LSEG.L London Stock Exchange Group plc | 2.90% |
| 8001.T ITOCHU Corp. | 2.85% |
| ETE.AT National Bank of Greece SA | 2.72% |
| BOLSAA.MX Bolsa Mexicana de Valores SAB de CV | 2.53% |
| BKG.L Berkeley Group Holdings plc | 2.18% |
| ADM.L Admiral Group plc | 2.10% |
| FDJU.PA FDJ United | 1.78% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Putnam Focused International Equity Fund (PEQUX) 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. | 8.02% | Compliant |
| ASMLASML Holding NV | 5.01% | Compliant |
| RYAAYRyanair Holdings plc | 4.92% | Compliant |
| CSU.TOConstellation Software, Inc. | 4.12% | Compliant |
| CNQCanadian Natural Resources Ltd. | 3.93% | Compliant |
| A5G.IRAIB Group plc | 3.74% | Non-compliant |
| BAYN.DEBayer AG | 3.73% | Non-compliant |
| EDEN.PAEdenred SE | 3.59% | Non-compliant |
| EVD.DECTS Eventim AG & Co. KGaA | 3.45% | Compliant |
| RMV.LRightmove plc | 3.38% | Compliant |
Top 10 of 45 holdings, 43.9% 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 PEQUX. 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 3 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) | 47.30 | NEUTRAL |
| Stochastic %K (14) | 29.23 | NEUTRAL |
| CCI (20) | -45.64 | NEUTRAL |
| Williams %R (14) | -70.77 | NEUTRAL |
| MACD (12,26,9) | -0.02 | SELL |
| ROC (10) | -0.98 | SELL |
| Momentum (10) | -0.21 | SELL |
| EMA (10) | 21.22 | SELL |
| SMA (10) | 21.20 | SELL |
| EMA (20) | 21.28 | SELL |
| SMA (20) | 21.28 | SELL |
| EMA (30) | 21.30 | SELL |
| SMA (30) | 21.37 | SELL |
| EMA (50) | 21.25 | SELL |
| SMA (50) | 21.37 | SELL |
| EMA (100) | 20.94 | BUY |
| SMA (100) | 21.10 | BUY |
| EMA (200) | 20.12 | BUY |
| SMA (200) | 20.17 | 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.