PXGOXETF / FundImpax Global Opportunities Fund
Verdicts genuinely change. Free email alert the moment PXGOX'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.
Impax Global Opportunities Fund · IMPAX FUNDS SERIES TRUST I
47 holdings
NON-COMPLIANT 29.22% of portfolio weight is in non-compliant holdings, over the 5% threshold.
1.52% of that is conventional interest-bearing debt, identified from the fund's own filing rather than by screening an issuer. Sukuk are deliberately excluded from this test and are never counted here.
47 holdings, 42 matched (98% of weight). Portfolio as of 2026-06-30, filed 2026-08-19. Source: SEC Form N-PORT.
1.41% of this portfolio’s income is non-permissible — weighted across holdings, computed over 87% of portfolio weight (36 of 47 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.
63.8% compliant 4.9% questionable 29.2% non-compliant 1.8% unscreened
All holdings (47)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| NVDA NVIDIA Corp. | COMPLIANT | 6.79% | AAOIFI1.1% Usmani12.1% Dow Jones Islamic0.9% S&P Shariah1.1% MSCI Islamic12.1% MSCI Islamic M-Series1.1% FTSE Shariah10.4% |
| MSFT Microsoft Corp. | QUESTIONABLE | 4.87% | AAOIFI1.5% Usmani7.5% Dow Jones Islamic1.7% S&P Shariah1.8% MSCI Islamic7.5% MSCI Islamic M-Series1.8% FTSE Shariah5.3% |
| TSM Taiwan Semiconductor Manufacturing Co. Ltd. | COMPLIANT | 4.41% | AAOIFI1.5% Usmani13.8% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic13.4% MSCI Islamic M-Series0.6% FTSE Shariah13.4% |
| MA Mastercard, Inc. | COMPLIANT | 4.10% | AAOIFI4.9% Usmani42.7% Dow Jones Islamic37.5% S&P Shariah40.1% MSCI Islamic42.7% MSCI Islamic M-Series40.1% FTSE Shariah42.7% |
| AMAT Applied Materials, Inc. | COMPLIANT | 3.98% | AAOIFI1.9% Usmani16.6% Dow Jones Islamic3.4% S&P Shariah3.7% MSCI Islamic16.6% MSCI Islamic M-Series3.7% FTSE Shariah14.8% |
| 6861.T Keyence Corp. | COMPLIANT | 3.22% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| LIN Linde plc | COMPLIANT | 3.17% | AAOIFI13.0% Usmani31.7% Dow Jones Islamic13.0% S&P Shariah13.4% MSCI Islamic31.7% MSCI Islamic M-Series13.4% FTSE Shariah31.7% |
| SU.PA Schneider Electric SE | COMPLIANT | 3.15% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| CFG Citizens Financial Group, Inc. | NON_COMPLIANT | 2.63% | AAOIFI92.6% Usmani11.8% Dow Jones Islamic125.5% S&P Shariah143.3% MSCI Islamic11.8% MSCI Islamic M-Series143.3% FTSE Shariah11.8% |
| ASML ASML Holding NV | COMPLIANT | 2.55% | AAOIFI0.8% Usmani8.7% Dow Jones Islamic1.3% S&P Shariah1.4% MSCI Islamic8.7% MSCI Islamic M-Series1.4% FTSE Shariah8.7% |
| PNFP Pinnacle Financial Partners, Inc. | NON_COMPLIANT | 2.54% | AAOIFI16.1% Usmani1.9% Dow Jones Islamic27.2% S&P Shariah30.6% MSCI Islamic1.9% MSCI Islamic M-Series30.6% FTSE Shariah1.9% |
| RNR RenaissanceRe Holdings Ltd. | NON_COMPLIANT | 2.44% | AAOIFI17.0% Usmani4.2% Dow Jones Islamic18.5% S&P Shariah19.2% MSCI Islamic4.2% MSCI Islamic M-Series19.2% FTSE Shariah4.2% |
| HUBB Hubbell, Inc. | COMPLIANT | 2.43% | AAOIFI11.2% Usmani32.5% Dow Jones Islamic11.8% S&P Shariah12.7% MSCI Islamic32.5% MSCI Islamic M-Series12.7% FTSE Shariah30.6% |
| CDNS Cadence Design Systems, Inc. | COMPLIANT | 2.38% | AAOIFI0.3% Usmani1.9% Dow Jones Islamic0.3% S&P Shariah0.3% MSCI Islamic1.9% MSCI Islamic M-Series0.3% FTSE Shariah0.0% |
| XYL Xylem, Inc. | COMPLIANT | 2.30% | AAOIFI12.0% Usmani17.6% Dow Jones Islamic10.0% S&P Shariah10.3% MSCI Islamic17.6% MSCI Islamic M-Series10.3% FTSE Shariah16.9% |
| ADYEN.AS Adyen NV | NON_COMPLIANT | 2.24% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BBVA.MC Banco Bilbao Vizcaya Argentaria SA | NON_COMPLIANT | 2.21% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TEL TE Connectivity plc | COMPLIANT | 2.16% | AAOIFI9.5% Usmani21.6% Dow Jones Islamic10.3% S&P Shariah11.2% MSCI Islamic21.6% MSCI Islamic M-Series11.2% FTSE Shariah21.6% |
| ENR.DE Siemens Energy AG | COMPLIANT | 2.10% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| AWK American Water Works Co., Inc. | NON_COMPLIANT | 2.09% | AAOIFI58.8% Usmani42.8% Dow Jones Islamic60.7% S&P Shariah62.1% MSCI Islamic42.8% MSCI Islamic M-Series62.1% FTSE Shariah42.6% |
| BN.PA Danone SA | NON_COMPLIANT | 2.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| TMO Thermo Fisher Scientific, Inc. | COMPLIANT | 2.01% | AAOIFI20.5% Usmani40.3% Dow Jones Islamic23.4% S&P Shariah22.9% MSCI Islamic40.3% MSCI Islamic M-Series22.9% FTSE Shariah40.3% |
| IFX.DE Infineon Technologies AG | COMPLIANT | 1.99% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| MRSH Marsh & McLennan Cos., Inc. | NON_COMPLIANT | 1.93% | AAOIFI24.1% Usmani35.8% Dow Jones Islamic22.1% S&P Shariah22.2% MSCI Islamic35.8% MSCI Islamic M-Series22.2% FTSE Shariah32.7% |
| CTAS Cintas Corp. | COMPLIANT | 1.88% | AAOIFI3.4% Usmani25.8% Dow Jones Islamic3.4% S&P Shariah3.7% MSCI Islamic25.8% MSCI Islamic M-Series3.7% FTSE Shariah23.1% |
| APTV Aptiv plc | NON_COMPLIANT | 1.87% | AAOIFI60.4% Usmani31.6% Dow Jones Islamic39.4% S&P Shariah34.0% MSCI Islamic31.6% MSCI Islamic M-Series34.0% FTSE Shariah29.8% |
| ISRG Intuitive Surgical, Inc. | COMPLIANT | 1.84% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| VLTO Veralto Corp. | COMPLIANT | 1.82% | AAOIFI12.4% Usmani37.5% Dow Jones Islamic11.8% S&P Shariah12.2% MSCI Islamic37.5% MSCI Islamic M-Series12.2% FTSE Shariah34.8% |
| SUNB Sunbelt Rentals Holdings, Inc. | NON_COMPLIANT | 1.79% | AAOIFI38.5% Usmani49.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic48.4% MSCI Islamic M-Seriesfail FTSE Shariah36.2% |
| HLN Haleon plc | COMPLIANT | 1.77% | AAOIFI27.2% Usmani26.4% Dow Jones Islamic13.2% S&P Shariah13.9% MSCI Islamic26.4% MSCI Islamic M-Series13.9% FTSE Shariah26.4% |
| LSEG.L London Stock Exchange Group plc | NON_COMPLIANT | 1.69% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| MELI MercadoLibre, Inc. | COMPLIANT | 1.58% | AAOIFI20.1% Usmani38.5% Dow Jones Islamic19.0% S&P Shariah20.6% MSCI Islamic38.3% MSCI Islamic M-Series20.6% FTSE Shariah33.3% |
| JPMorgan U.S. Treasury Plus Money Market Fund | NON_COMPLIANT | 1.52% | no in-house ratios for this holding |
| EBAY eBay, Inc. | COMPLIANT | 1.52% | AAOIFI13.9% Usmani35.6% Dow Jones Islamic16.9% S&P Shariah19.4% MSCI Islamic35.6% MSCI Islamic M-Series19.4% FTSE Shariah33.4% |
| BSX Boston Scientific Corp. | COMPLIANT | 1.46% | AAOIFI19.4% Usmani27.9% Dow Jones Islamic10.0% S&P Shariah10.9% MSCI Islamic27.9% MSCI Islamic M-Series10.9% FTSE Shariah27.9% |
| JMT.LS Jeronimo Martins SGPS SA | NON_COMPLIANT | 1.45% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| Hoya Corp. | UNSCREENED | 1.44% | no in-house ratios for this holding |
| HDFCBANK.NS HDFC Bank Ltd. | NON_COMPLIANT | 1.42% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NOW ServiceNow, Inc. | COMPLIANT | 1.41% | AAOIFI6.1% Usmani26.7% Dow Jones Islamic5.0% S&P Shariah5.3% MSCI Islamic26.7% MSCI Islamic M-Series5.3% FTSE Shariah23.7% |
| ONON On Holding AG | COMPLIANT | 1.40% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| 9433.T KDDI Corp. | NON_COMPLIANT | 1.35% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| ALC Alcon AG | COMPLIANT | 1.27% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| TYL Tyler Technologies, Inc. | COMPLIANT | 1.14% | AAOIFI9.8% Usmani25.0% Dow Jones Islamic7.0% S&P Shariah7.2% MSCI Islamic25.0% MSCI Islamic M-Series7.2% FTSE Shariah24.2% |
| New Taiwan Dollar | UNSCREENED | 0.41% | no in-house ratios for this holding |
| EURO | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Pound Sterling | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Swiss Franc | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 19 points of portfolio weight — 68.0% of it passes AAOIFI, 49.2% passes Usmani. 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 68.0% ratios fail on 25.8% 6.0% not rated under AAOIFI
ratios pass on 49.2% ratios fail on 40.3% 10.2% not rated under Usmani
ratios pass on 63.9% ratios fail on 29.9% 6.0% not rated under Dow Jones Islamic
ratios pass on 63.9% ratios fail on 29.9% 6.0% not rated under S&P Shariah
ratios pass on 50.1% ratios fail on 39.4% 10.2% not rated under MSCI Islamic
ratios pass on 63.9% ratios fail on 29.9% 6.0% not rated under MSCI Islamic M-Series
ratios pass on 56.0% ratios fail on 33.5% 10.2% not rated under FTSE Shariah
41 of 47 listed holdings carry our own per-methodology verdicts (96% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 29 (72% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| CFG Citizens Financial Group, Inc. | 2.63% |
| PNFP Pinnacle Financial Partners, Inc. | 2.54% |
| RNR RenaissanceRe Holdings Ltd. | 2.44% |
| ADYEN.AS Adyen NV | 2.24% |
| BBVA.MC Banco Bilbao Vizcaya Argentaria SA | 2.21% |
| AWK American Water Works Co., Inc. | 2.09% |
| BN.PA Danone SA | 2.05% |
| MRSH Marsh & McLennan Cos., Inc. | 1.93% |
| APTV Aptiv plc | 1.87% |
| SUNB Sunbelt Rentals Holdings, Inc. | 1.79% |
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Impax Global Opportunities Fund (PXGOX) 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.
Screened on its holdings, not its name
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 |
|---|---|---|
| NVDANVIDIA Corp. | 6.79% | Compliant |
| MSFTMicrosoft Corp. | 4.87% | Questionable |
| TSMTaiwan Semiconductor Manufacturing Co. Ltd. | 4.41% | Compliant |
| MAMastercard, Inc. | 4.10% | Compliant |
| AMATApplied Materials, Inc. | 3.98% | Compliant |
| 6861.TKeyence Corp. | 3.22% | Compliant |
| LINLinde plc | 3.17% | Compliant |
| SU.PASchneider Electric SE | 3.15% | Compliant |
| CFGCitizens Financial Group, Inc. | 2.63% | Non-compliant |
| ASMLASML Holding NV | 2.55% | Compliant |
Top 10 of 47 holdings, 38.9% of the fund by weight. Every holding is screened, not only these.
What holds the number back
The positions keeping this fund short of 100% compliant by weight.
- MSFTquestionable4.87%
- CFGnon-compliant2.63%
- PNFPnon-compliant2.54%
- RNRnon-compliant2.44%
- ADYEN.ASnon-compliant2.24%
- BBVA.MCnon-compliant2.21%
What changed, and when
Verdict history for PXGOX. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
- 2026-09-07 No change recorded No verdict change for PXGOX has been recorded since tracking began. The scan ledger records that the compliance detectors ran, not which symbols each pass covered.
ℹ️ no compliance scan has run for 5 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.
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) | 48.40 | NEUTRAL |
| Stochastic %K (14) | 6.45 | BUY |
| CCI (20) | -43.45 | NEUTRAL |
| Williams %R (14) | -93.55 | BUY |
| MACD (12,26,9) | -0.01 | SELL |
| ROC (10) | -1.27 | SELL |
| Momentum (10) | -0.23 | SELL |
| EMA (10) | 17.92 | SELL |
| SMA (10) | 17.93 | SELL |
| EMA (20) | 17.90 | SELL |
| SMA (20) | 17.91 | SELL |
| EMA (30) | 17.88 | SELL |
| SMA (30) | 17.80 | BUY |
| EMA (50) | 17.84 | SELL |
| SMA (50) | 17.88 | SELL |
| EMA (100) | 17.68 | BUY |
| SMA (100) | 17.74 | BUY |
| EMA (200) | 17.29 | BUY |
| SMA (200) | 17.22 | BUY |
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.
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.
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.