Verdicts genuinely change. Free email alert the moment RGSCX'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.
Virtus KAR Global Small-Cap Fund · Virtus Investment Trust
28 holdings
NON-COMPLIANT 40.62% of portfolio weight is in non-compliant holdings, over the 5% threshold.
28 holdings, 23 matched (81% of weight). Portfolio as of 2026-06-30, filed 2026-08-28. Source: SEC Form N-PORT.
5.47% of this portfolio’s income is non-permissible — weighted across holdings, computed over 74% of portfolio weight (21 of 28 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.
37.9% compliant 0.0% questionable 40.6% non-compliant 18.7% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| PRI PRIMERICA INC | NON_COMPLIANT | 7.23% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| CAIXA SEGURIDADE PARTICIPACOES SA | UNSCREENED | 5.16% | no in-house ratios for this holding |
| CORPORACION MOCTEZUMA SAB DE CV | UNSCREENED | 4.94% | no in-house ratios for this holding |
| LSTR LANDSTAR SYSTEM INC | COMPLIANT | 4.56% | AAOIFI0.0% Usmani4.4% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| AJB.L AJ BELL PLC | COMPLIANT | 4.55% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| TTC TORO COMPANY | COMPLIANT | 4.22% | AAOIFI12.0% Usmani30.5% Dow Jones Islamic13.4% S&P Shariah13.0% MSCI Islamic30.5% MSCI Islamic M-Series13.0% FTSE Shariah27.2% |
| FBK.MI FINECOBANK BANCA FINECO SPA | NON_COMPLIANT | 4.18% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| WTS WATTS WATER TECHNOLOGIES INC | COMPLIANT | 4.16% | AAOIFI0.9% Usmani3.7% Dow Jones Islamic1.2% S&P Shariah1.4% MSCI Islamic3.7% MSCI Islamic M-Series1.4% FTSE Shariah3.7% |
| ALLIANCE LAUNDRY HOLDINGS INC | UNSCREENED | 4.10% | no in-house ratios for this holding |
| SSD SIMPSON MANUFACTURING CO INC | COMPLIANT | 4.05% | AAOIFI5.7% Usmani13.4% Dow Jones Islamic5.8% S&P Shariah5.8% MSCI Islamic13.4% MSCI Islamic M-Series5.8% FTSE Shariah9.8% |
| EPI-A.ST EPIROC AB | COMPLIANT | 3.65% | AAOIFI6.4% Usmani28.6% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic25.1% MSCI Islamic M-Seriespass FTSE Shariah25.1% |
| H02.SI HAW PAR CORP LTD | NON_COMPLIANT | 3.61% | AAOIFI1.4% Usmani1.0% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic1.0% MSCI Islamic M-Seriesfail FTSE Shariah1.0% |
| RYAN RYAN SPECIALTY HOLDINGS INC | NON_COMPLIANT | 3.36% | AAOIFI36.4% Usmani31.8% Dow Jones Islamic63.0% S&P Shariah65.1% MSCI Islamic31.8% MSCI Islamic M-Series65.1% FTSE Shariah30.4% |
| RLI RLI CORP | NON_COMPLIANT | 3.35% | AAOIFI5.2% Usmani4.6% Dow Jones Islamic5.1% S&P Shariah5.1% MSCI Islamic4.6% MSCI Islamic M-Series5.1% FTSE Shariah4.6% |
| TFIN TRIUMPH FINANCIAL INC | NON_COMPLIANT | 3.31% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| FCN FTI CONSULTING INC | NON_COMPLIANT | 3.30% | AAOIFI30.3% Usmani35.9% Dow Jones Islamic22.2% S&P Shariah20.2% MSCI Islamic35.9% MSCI Islamic M-Series20.2% FTSE Shariah28.8% |
| EPAC ENERPAC TOOL GROUP CORP | COMPLIANT | 3.18% | AAOIFI9.9% Usmani22.9% Dow Jones Islamic9.2% S&P Shariah9.7% MSCI Islamic22.9% MSCI Islamic M-Series9.7% FTSE Shariah22.9% |
| TEGMA GESTAO LOGISTICA SA | UNSCREENED | 2.93% | no in-house ratios for this holding |
| KNSL KINSALE CAPITAL GROUP INC | NON_COMPLIANT | 2.62% | AAOIFI2.6% Usmani3.5% Dow Jones Islamic2.3% S&P Shariah2.3% MSCI Islamic3.5% MSCI Islamic M-Series2.3% FTSE Shariah3.5% |
| 7476.T AS ONE CORP | COMPLIANT | 2.55% | AAOIFI2.7% Usmani4.6% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.6% MSCI Islamic M-Seriespass FTSE Shariah4.6% |
| IBP INSTALLED BUILDING PRODUCTS INC | COMPLIANT | 2.52% | AAOIFI18.7% Usmani53.2% Dow Jones Islamic19.1% S&P Shariah20.1% MSCI Islamic52.7% MSCI Islamic M-Series20.1% FTSE Shariah47.2% |
| 1882.HK HAITIAN INTERNATIONAL HOLDINGS LTD | NON_COMPLIANT | 2.50% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| IHP.L INTEGRAFIN HOLDINGS PLC | NON_COMPLIANT | 2.45% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| FRP.L FRP ADVISORY GROUP PLC | NON_COMPLIANT | 2.41% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SDF.AX STEADFAST GROUP LTD | NON_COMPLIANT | 2.30% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 7734.T RIKEN KEIKI CO LTD | COMPLIANT | 2.22% | AAOIFI2.5% Usmani5.8% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic3.8% MSCI Islamic M-Seriespass FTSE Shariah3.8% |
| LSS.PA LECTRA SA | COMPLIANT | 2.20% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| JAPAN ELEVATOR SERVICE HOLDINGS CO LTD | UNSCREENED | 1.58% | no in-house ratios for this holding |
The published standards disagree about this fund by 16 points of portfolio weight — 41.2% of it passes Dow Jones Islamic, 24.8% 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 37.9% ratios fail on 40.6% 18.7% not rated under AAOIFI
ratios pass on 29.6% ratios fail on 48.9% 18.7% not rated under Usmani
ratios pass on 41.2% ratios fail on 37.3% 18.7% not rated under Dow Jones Islamic
ratios pass on 41.2% ratios fail on 37.3% 18.7% not rated under S&P Shariah
ratios pass on 24.8% ratios fail on 53.7% 18.7% not rated under MSCI Islamic
ratios pass on 41.2% ratios fail on 37.3% 18.7% not rated under MSCI Islamic M-Series
ratios pass on 32.9% ratios fail on 45.6% 18.7% not rated under FTSE Shariah
23 of 28 listed holdings carry our own per-methodology verdicts (78% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 16 (58% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| PRI PRIMERICA INC | 7.23% |
| FBK.MI FINECOBANK BANCA FINECO SPA | 4.18% |
| H02.SI HAW PAR CORP LTD | 3.61% |
| RYAN RYAN SPECIALTY HOLDINGS INC | 3.36% |
| RLI RLI CORP | 3.35% |
| TFIN TRIUMPH FINANCIAL INC | 3.31% |
| FCN FTI CONSULTING INC | 3.30% |
| KNSL KINSALE CAPITAL GROUP INC | 2.62% |
| 1882.HK HAITIAN INTERNATIONAL HOLDINGS LTD | 2.50% |
| IHP.L INTEGRAFIN HOLDINGS PLC | 2.45% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Virtus KAR Global Small-Cap Fund (RGSCX) 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 |
|---|---|---|
| PRIPRIMERICA INC | 7.23% | Non-compliant |
| CAIXA SEGURIDADE PARTICIPACOES SAnot matched to a ticker | 5.16% | Not screened |
| CORPORACION MOCTEZUMA SAB DE CVnot matched to a ticker | 4.94% | Not screened |
| LSTRLANDSTAR SYSTEM INC | 4.56% | Compliant |
| AJB.LAJ BELL PLC | 4.55% | Compliant |
| TTCTORO COMPANY | 4.22% | Compliant |
| FBK.MIFINECOBANK BANCA FINECO SPA | 4.18% | Non-compliant |
| WTSWATTS WATER TECHNOLOGIES INC | 4.16% | Compliant |
| ALLIANCE LAUNDRY HOLDINGS INCnot matched to a ticker | 4.10% | Not screened |
| SSDSIMPSON MANUFACTURING CO INC | 4.05% | Compliant |
Top 10 of 28 holdings, 47.2% 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 RGSCX. 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
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.