Verdicts genuinely change. Free email alert the moment QUSIX'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.
Pear tree polaris foreign value small cap fund · Pear Tree Funds
54 holdings
NON-COMPLIANT At least 47.85% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 37% turns out to be. Matching more holdings can only raise this share, never lower it.
54 holdings, 38 matched (63% of weight). Portfolio as of 2026-06-30, filed 2026-08-25. Source: SEC Form N-PORT.
4.49% of this portfolio’s income is non-permissible — weighted across holdings, computed over 44% of portfolio weight (26 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.
Portfolio shares are withheld: coverage is below the floor needed to state one. The holdings themselves are below, because the names are evidence you can check.
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| Equatorial Energia S.A. | UNSCREENED | 4.47% | no in-house ratios for this holding |
| D'Ieteren S.A. | UNSCREENED | 4.06% | no in-house ratios for this holding |
| UMB Money Market Special II | UNSCREENED | 3.70% | no in-house ratios for this holding |
| 6498.T KITZ Corporation | COMPLIANT | 3.21% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| Krungthai Card Public Company Limited | UNSCREENED | 2.90% | no in-house ratios for this holding |
| Elis S.A. | UNSCREENED | 2.79% | no in-house ratios for this holding |
| NFPH.F Thanachart Capital PCL | NON_COMPLIANT | 2.78% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| EQB.TO EQB Inc. | NON_COMPLIANT | 2.75% | AAOIFI303.1% Usmani32.8% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic32.6% MSCI Islamic M-Seriesfail FTSE Shariah32.6% |
| AALB.AS Aalberts N.V. | COMPLIANT | 2.63% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| DLG.MI De'Longhi S.p.A. | COMPLIANT | 2.62% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| IPS.PA Ipsos | NON_COMPLIANT | 2.54% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| Wah Lee Industrial Corporation | UNSCREENED | 2.54% | no in-house ratios for this holding |
| Sanyang Motor Co., Ltd. | UNSCREENED | 2.52% | no in-house ratios for this holding |
| VSTECS Holdings Limited | UNSCREENED | 2.43% | no in-house ratios for this holding |
| SIX2.DE Sixt SE | NON_COMPLIANT | 2.27% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AKE.PA Arkema | NON_COMPLIANT | 2.23% | AAOIFI102.9% Usmani34.5% Dow Jones Islamic— S&P Shariah— MSCI Islamic32.0% MSCI Islamic M-Series— FTSE Shariah32.0% |
| Sopra Steria | UNSCREENED | 2.21% | no in-house ratios for this holding |
| 8020.T Kanematsu Corporation | NON_COMPLIANT | 2.19% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 8425.T Mizuho Leasing Company, Limited | NON_COMPLIANT | 2.18% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 4915.TW Primax Electronics Limited | NON_COMPLIANT | 2.17% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| SK.PA SEB SA | NON_COMPLIANT | 2.11% | AAOIFI107.8% Usmani39.7% Dow Jones Islamic— S&P Shariah— MSCI Islamic36.4% MSCI Islamic M-Series— FTSE Shariah36.4% |
| SpareBank Nord-Norge | UNSCREENED | 2.09% | no in-house ratios for this holding |
| SBNOR.OL Sparebanken Norge | NON_COMPLIANT | 2.01% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| HPOL-B.ST Hexpol AB | COMPLIANT | 1.99% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| RUI.PA Rubis | NON_COMPLIANT | 1.95% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 3288.T Open House Group Co., Limited | NON_COMPLIANT | 1.92% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Redes Energeticas Nacionais, SGPS, S.A. | UNSCREENED | 1.84% | no in-house ratios for this holding |
| SB1NO.OL SpareBank 1 Sor-Norge ASA | NON_COMPLIANT | 1.62% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| QinetiQ | UNSCREENED | 1.56% | no in-house ratios for this holding |
| KTKBANK.BO Karnataka Bank Limited | NON_COMPLIANT | 1.54% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| LOOMIS.ST Loomis AB, Class B | NON_COMPLIANT | 1.52% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| MING.OL Sparebank 1 SMN | NON_COMPLIANT | 1.44% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| KARURVYSYA.NS Karur Vysya Bank Ltd. | NON_COMPLIANT | 1.43% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| RILBA.CO Ringkjoebing Landbobank A/S | NON_COMPLIANT | 1.30% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| GL9.IR Glanbia plc | COMPLIANT | 1.30% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| TISCO Financial Group | UNSCREENED | 1.19% | no in-house ratios for this holding |
| Motus Holdings Limited | UNSCREENED | 1.18% | no in-house ratios for this holding |
| HIK.L Hikma Pharmaceuticals plc | NON_COMPLIANT | 1.17% | AAOIFIfail Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| ACAD.ST AcadeMedia AB | NON_COMPLIANT | 1.15% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BKG.L Berkeley Group Holdings plc | NON_COMPLIANT | 1.15% | AAOIFIfail Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| COA.L Coats Group plc | NON_COMPLIANT | 1.13% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| OSB.L OSB Group PLC | NON_COMPLIANT | 1.11% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| V03.SI Venture Corporation, Limited | COMPLIANT | 1.10% | AAOIFI0.4% Usmani1.1% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic0.5% MSCI Islamic M-Seriesfail FTSE Shariah0.5% |
| KRN.DE Krones AG | COMPLIANT | 1.09% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| TE.PA Technip Energies N.V. | NON_COMPLIANT | 1.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 0881.HK Zhongsheng Group Holdings | NON_COMPLIANT | 1.02% | AAOIFI398.4% Usmani38.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic33.4% MSCI Islamic M-Seriesfail FTSE Shariah33.4% |
| 0811.HK Xinhua Winshare Publishing and Media Co., Limited | NON_COMPLIANT | 1.01% | AAOIFI4.4% Usmani3.3% Dow Jones Islamic— S&P Shariah— MSCI Islamic1.7% MSCI Islamic M-Series— FTSE Shariah1.7% |
| Cosmecca Korea Co., Ltd. | UNSCREENED | 0.95% | no in-house ratios for this holding |
| INCH.L Inchcape plc | NON_COMPLIANT | 0.90% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 241560.KS Doosan Bobcat | NON_COMPLIANT | 0.81% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| SPOL.OL SpareBank 1 Oestlandet | NON_COMPLIANT | 0.71% | AAOIFI170.5% Usmani22.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic22.4% MSCI Islamic M-Seriesfail FTSE Shariah22.4% |
| N.V. Bekaert S.A. | UNSCREENED | 0.57% | no in-house ratios for this holding |
| CIE.MC CIE Automotive | NON_COMPLIANT | 0.51% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 1268.HK China MeiDong Auto Holdings Limited | NON_COMPLIANT | 0.17% | AAOIFI520.0% Usmani48.4% Dow Jones Islamic— S&P Shariah— MSCI Islamic30.9% MSCI Islamic M-Series— FTSE Shariah30.9% |
The published standards disagree about this fund by 13 points of portfolio weight — 25.7% of it passes FTSE Shariah, 12.5% passes MSCI Islamic M-Series. 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 13.9% ratios fail on 47.8% 37.0% not rated under AAOIFI
ratios pass on 23.8% ratios fail on 38.0% 37.0% not rated under Usmani
ratios pass on 13.6% ratios fail on 42.6% 42.5% not rated under Dow Jones Islamic
ratios pass on 15.8% ratios fail on 40.5% 42.5% not rated under S&P Shariah
ratios pass on 18.7% ratios fail on 40.6% 39.4% not rated under MSCI Islamic
ratios pass on 12.5% ratios fail on 43.7% 42.5% not rated under MSCI Islamic M-Series
ratios pass on 25.7% ratios fail on 33.7% 39.4% not rated under FTSE Shariah
38 of 54 listed holdings carry our own per-methodology verdicts (62% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 8 (11% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| NFPH.F Thanachart Capital PCL | 2.78% |
| EQB.TO EQB Inc. | 2.75% |
| IPS.PA Ipsos | 2.54% |
| SIX2.DE Sixt SE | 2.27% |
| AKE.PA Arkema | 2.23% |
| 8020.T Kanematsu Corporation | 2.19% |
| 8425.T Mizuho Leasing Company, Limited | 2.18% |
| 4915.TW Primax Electronics Limited | 2.17% |
| SK.PA SEB SA | 2.11% |
| SBNOR.OL Sparebanken Norge | 2.01% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Pear tree polaris foreign value small cap fund (QUSIX) 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 |
|---|---|---|
| Equatorial Energia S.A.not matched to a ticker | 4.47% | Not screened |
| D'Ieteren S.A.not matched to a ticker | 4.06% | Not screened |
| UMB Money Market Special IInot matched to a ticker | 3.70% | Not screened |
| 6498.TKITZ Corporation | 3.21% | Compliant |
| Krungthai Card Public Company Limitednot matched to a ticker | 2.90% | Not screened |
| Elis S.A.not matched to a ticker | 2.79% | Not screened |
| NFPH.FThanachart Capital PCL | 2.78% | Non-compliant |
| EQB.TOEQB Inc. | 2.75% | Non-compliant |
| AALB.ASAalberts N.V. | 2.63% | Compliant |
| DLG.MIDe'Longhi S.p.A. | 2.62% | Compliant |
Top 10 of 54 holdings, 31.9% 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 QUSIX. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
Tracked since 2026-09-07.
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) | 51.40 | NEUTRAL |
| Stochastic %K (14) | 70.42 | NEUTRAL |
| CCI (20) | 75.51 | NEUTRAL |
| Williams %R (14) | -29.58 | NEUTRAL |
| MACD (12,26,9) | 0.06 | BUY |
| ROC (10) | 1.08 | BUY |
| Momentum (10) | 0.21 | BUY |
| EMA (10) | 19.50 | BUY |
| SMA (10) | 19.43 | BUY |
| EMA (20) | 19.51 | BUY |
| SMA (20) | 19.41 | BUY |
| EMA (30) | 19.55 | BUY |
| SMA (30) | 19.54 | BUY |
| EMA (50) | 19.58 | BUY |
| SMA (50) | 19.80 | SELL |
| EMA (100) | 19.44 | BUY |
| SMA (100) | 19.44 | BUY |
| EMA (200) | 19.09 | BUY |
| SMA (200) | 19.17 | 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.