Verdicts genuinely change. Free email alert the moment TGWIX'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.
TCW Emerging Markets Local Currency Income Fund · TCW FUNDS INC
127 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 At least 12.35% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 88% turns out to be. Matching more holdings can only raise this share, never lower it.
11.85% 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.
127 holdings, 15 matched (12% of weight). Portfolio as of 2026-07-31, filed 2026-09-28. Source: SEC Form N-PORT.
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 |
|---|---|---|---|
| NOTA DO TESOURO NACIONAL | UNSCREENED | 6.11% | no in-house ratios for this holding |
| CZECH REPUBLIC | UNSCREENED | 4.71% | no in-house ratios for this holding |
| NOTA DO TESOURO NACIONAL | UNSCREENED | 4.12% | no in-house ratios for this holding |
| INDONESIA GOVERNMENT | NON_COMPLIANT | 4.04% | no in-house ratios for this holding |
| TURKIYE GOVERNMENT BOND | UNSCREENED | 3.64% | no in-house ratios for this holding |
| NOTA DO TESOURO NACIONAL | UNSCREENED | 3.25% | no in-house ratios for this holding |
| REPUBLIC OF SOUTH AFRICA | UNSCREENED | 3.11% | no in-house ratios for this holding |
| TITULOS DE TESORERIA | UNSCREENED | 2.74% | no in-house ratios for this holding |
| The Federal Republic of Nigeria | UNSCREENED | 2.74% | no in-house ratios for this holding |
| REPUBLIC OF SOUTH AFRICA | UNSCREENED | 2.73% | no in-house ratios for this holding |
| The Federal Republic of Nigeria | UNSCREENED | 2.72% | no in-house ratios for this holding |
| EGYPT TREASURY BILL | NON_COMPLIANT | 2.46% | no in-house ratios for this holding |
| CHINA GOVERNMENT BOND | UNSCREENED | 2.42% | no in-house ratios for this holding |
| HUNGARY GOVERNMENT BOND | UNSCREENED | 2.27% | no in-house ratios for this holding |
| THAILAND GOVERNMENT BOND | UNSCREENED | 2.25% | no in-house ratios for this holding |
| INDONESIA GOVERNMENT | NON_COMPLIANT | 2.15% | no in-house ratios for this holding |
| MEX BONOS DESARR FIX RT | UNSCREENED | 2.08% | no in-house ratios for this holding |
| POLAND GOVERNMENT BOND | UNSCREENED | 2.07% | no in-house ratios for this holding |
| BONOS DE TESORERIA | UNSCREENED | 2.02% | no in-house ratios for this holding |
| EGYPT TREASURY BILL | NON_COMPLIANT | 1.95% | no in-house ratios for this holding |
| MALAYSIA GOVERNMENT | UNSCREENED | 1.94% | no in-house ratios for this holding |
| PHILIPPINE GOVERNMENT | UNSCREENED | 1.87% | no in-house ratios for this holding |
| MALAYSIA GOVERNMENT | UNSCREENED | 1.76% | no in-house ratios for this holding |
| The Federal Republic of Nigeria | UNSCREENED | 1.66% | no in-house ratios for this holding |
| THAILAND GOVERNMENT BOND | UNSCREENED | 1.62% | no in-house ratios for this holding |
| MEX BONOS DESARR FIX RT | UNSCREENED | 1.59% | no in-house ratios for this holding |
| POLAND GOVERNMENT BOND | UNSCREENED | 1.50% | no in-house ratios for this holding |
| REPUBLIC OF SOUTH AFRICA | UNSCREENED | 1.49% | no in-house ratios for this holding |
| POLAND GOVERNMENT BOND | UNSCREENED | 1.49% | no in-house ratios for this holding |
| MALAYSIA GOVERNMENT | UNSCREENED | 1.26% | no in-house ratios for this holding |
| EGYPT TREASURY BILL | NON_COMPLIANT | 1.24% | no in-house ratios for this holding |
| ROMANIA GOVERNMENT BOND | UNSCREENED | 1.19% | no in-house ratios for this holding |
| REPUBLIC OF SOUTH AFRICA | UNSCREENED | 1.10% | no in-house ratios for this holding |
| The Federal Republic of Nigeria | UNSCREENED | 1.04% | no in-house ratios for this holding |
| MEX BONOS DESARR FIX RT | UNSCREENED | 1.03% | no in-house ratios for this holding |
| THAILAND GOVERNMENT BOND | UNSCREENED | 0.99% | no in-house ratios for this holding |
| TITULOS DE TESORERIA | UNSCREENED | 0.98% | no in-house ratios for this holding |
| REPUBLIC OF SOUTH AFRICA | UNSCREENED | 0.97% | no in-house ratios for this holding |
| TITULOS DE TESORERIA | UNSCREENED | 0.97% | no in-house ratios for this holding |
| MALAYSIA GOVERNMENT | UNSCREENED | 0.97% | no in-house ratios for this holding |
| REPUBLIC OF SOUTH AFRICA | UNSCREENED | 0.94% | no in-house ratios for this holding |
| CZECH REPUBLIC | UNSCREENED | 0.92% | no in-house ratios for this holding |
| The Federal Republic of Nigeria | UNSCREENED | 0.88% | no in-house ratios for this holding |
| MALAYSIA GOVERNMENT | UNSCREENED | 0.84% | no in-house ratios for this holding |
| HUNGARY GOVERNMENT BOND | UNSCREENED | 0.84% | no in-house ratios for this holding |
| TITULOS DE TESORERIA | UNSCREENED | 0.80% | no in-house ratios for this holding |
| MEX BONOS DESARR FIX RT | UNSCREENED | 0.78% | no in-house ratios for this holding |
| MALAYSIA GOVERNMENT | UNSCREENED | 0.76% | no in-house ratios for this holding |
| BONOS TESORERIA PESOS | UNSCREENED | 0.59% | no in-house ratios for this holding |
| ROMANIA GOVERNMENT BOND | UNSCREENED | 0.57% | no in-house ratios for this holding |
| BONOS TESORERIA PESOS | UNSCREENED | 0.57% | no in-house ratios for this holding |
| BONOS TESORERIA PESOS | UNSCREENED | 0.56% | no in-house ratios for this holding |
| TITULOS DE TESORERIA | UNSCREENED | 0.40% | no in-house ratios for this holding |
| TCW Central Cash Fund | UNSCREENED | 0.38% | no in-house ratios for this holding |
| HUNGARY GOVERNMENT BOND | UNSCREENED | 0.37% | no in-house ratios for this holding |
| THAILAND GOVERNMENT BOND | UNSCREENED | 0.37% | no in-house ratios for this holding |
| THAILAND GOVERNMENT BOND | UNSCREENED | 0.37% | no in-house ratios for this holding |
| MEX BONOS DESARR FIX RT | UNSCREENED | 0.37% | no in-house ratios for this holding |
| State Street Global Advisors | UNSCREENED | 0.34% | no in-house ratios for this holding |
| BNP.PA BNP Paribas SA | NON_COMPLIANT | 0.23% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Citibank NA | UNSCREENED | 0.22% | no in-house ratios for this holding |
| Bank of America NA | UNSCREENED | 0.20% | no in-house ratios for this holding |
| MALAYSIA GOVERNMENT | UNSCREENED | 0.19% | no in-house ratios for this holding |
| State Street Bank & Trust Co. | UNSCREENED | 0.16% | no in-house ratios for this holding |
| JPMorgan Chase Bank NA | UNSCREENED | 0.12% | no in-house ratios for this holding |
| VXX Barclays Bank PLC | NON_COMPLIANT | 0.11% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| ING Baring U.S. Capital Markets | UNSCREENED | 0.11% | no in-house ratios for this holding |
| VXX Barclays Bank PLC | NON_COMPLIANT | 0.09% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| ING Baring U.S. Capital Markets | UNSCREENED | 0.09% | no in-house ratios for this holding |
| Goldman Sachs International | UNSCREENED | 0.08% | no in-house ratios for this holding |
| Citibank NA | UNSCREENED | 0.08% | no in-house ratios for this holding |
| State Street Bank & Trust Co. | UNSCREENED | 0.07% | no in-house ratios for this holding |
| State Street Bank & Trust Co. | UNSCREENED | 0.07% | no in-house ratios for this holding |
| State Street Bank & Trust Co. | UNSCREENED | 0.06% | no in-house ratios for this holding |
| Bank of America NA | UNSCREENED | 0.05% | no in-house ratios for this holding |
| Citibank NA | UNSCREENED | 0.05% | no in-house ratios for this holding |
| State Street Bank & Trust Co. | UNSCREENED | 0.05% | no in-house ratios for this holding |
| Citibank NA | UNSCREENED | 0.04% | no in-house ratios for this holding |
| UBS AG | UNSCREENED | 0.04% | no in-house ratios for this holding |
| UBS AG | UNSCREENED | 0.04% | no in-house ratios for this holding |
| Citibank NA | UNSCREENED | 0.04% | no in-house ratios for this holding |
| Goldman Sachs International | UNSCREENED | 0.04% | no in-house ratios for this holding |
| Goldman Sachs International | UNSCREENED | 0.03% | no in-house ratios for this holding |
| Goldman Sachs International | UNSCREENED | 0.03% | no in-house ratios for this holding |
| Bank of America NA | UNSCREENED | 0.03% | no in-house ratios for this holding |
| Goldman Sachs International | UNSCREENED | 0.03% | no in-house ratios for this holding |
| BNP.PA BNP Paribas SA | NON_COMPLIANT | 0.03% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Standard Chartered Bank | UNSCREENED | 0.03% | no in-house ratios for this holding |
| Standard Chartered Bank | UNSCREENED | 0.03% | no in-house ratios for this holding |
| Goldman Sachs International | UNSCREENED | 0.02% | no in-house ratios for this holding |
| VXX Barclays Bank PLC | NON_COMPLIANT | 0.02% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| Bank of America NA | UNSCREENED | 0.02% | no in-house ratios for this holding |
| Standard Chartered Bank | UNSCREENED | 0.01% | no in-house ratios for this holding |
| State Street Bank & Trust Co. | UNSCREENED | 0.01% | no in-house ratios for this holding |
| State Street Bank & Trust Co. | UNSCREENED | 0.01% | no in-house ratios for this holding |
| State Street Bank & Trust Co. | UNSCREENED | 0.01% | no in-house ratios for this holding |
| State Street Bank & Trust Co. | UNSCREENED | 0.01% | no in-house ratios for this holding |
| UBS AG | UNSCREENED | 0.01% | no in-house ratios for this holding |
| State Street Bank & Trust Co. | UNSCREENED | 0.01% | no in-house ratios for this holding |
| Goldman Sachs International | UNSCREENED | 0.01% | no in-house ratios for this holding |
| UBS AG | UNSCREENED | 0.01% | no in-house ratios for this holding |
| Morgan Stanley & Co. International PLC | UNSCREENED | 0.01% | no in-house ratios for this holding |
| BNP.PA BNP Paribas SA | NON_COMPLIANT | 0.01% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Citibank NA | UNSCREENED | 0.01% | no in-house ratios for this holding |
| ING Baring U.S. Capital Markets | UNSCREENED | 0.01% | no in-house ratios for this holding |
| Citibank NA | UNSCREENED | 0.01% | no in-house ratios for this holding |
| UBS Securities India Private Ltd. | UNSCREENED | 0.01% | no in-house ratios for this holding |
| UBS Securities India Private Ltd. | UNSCREENED | 0.01% | no in-house ratios for this holding |
| Morgan Stanley & Co. International PLC | UNSCREENED | 0.01% | no in-house ratios for this holding |
| State Street Bank & Trust Co. | UNSCREENED | 0.01% | no in-house ratios for this holding |
| BNP.PA BNP Paribas SA | NON_COMPLIANT | 0.00% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Goldman Sachs International | UNSCREENED | 0.00% | no in-house ratios for this holding |
| ING Baring U.S. Capital Markets | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BNP.PA BNP Paribas SA | NON_COMPLIANT | 0.00% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Goldman Sachs International | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Bank of America NA | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Bank of America NA | UNSCREENED | 0.00% | no in-house ratios for this holding |
| State Street Bank & Trust Co. | UNSCREENED | 0.00% | no in-house ratios for this holding |
| State Street Bank & Trust Co. | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Bank of America NA | UNSCREENED | 0.00% | no in-house ratios for this holding |
| HSBC Bank PLC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Citibank NA | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Goldman Sachs International | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Standard Chartered Bank | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BNP.PA BNP Paribas SA | NON_COMPLIANT | 0.00% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BNP.PA BNP Paribas SA | NON_COMPLIANT | 0.00% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| UBS Securities India Private Ltd. | UNSCREENED | 0.00% | no in-house ratios for this holding |
All 7 published standards agree about this fund to within 0.0 points of portfolio weight.
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 0.0% ratios fail on 0.5% 100.0% not rated under AAOIFI
ratios pass on 0.0% ratios fail on 0.5% 100.0% not rated under Usmani
ratios pass on 0.0% ratios fail on 0.5% 100.0% not rated under Dow Jones Islamic
ratios pass on 0.0% ratios fail on 0.5% 100.0% not rated under S&P Shariah
ratios pass on 0.0% ratios fail on 0.5% 100.0% not rated under MSCI Islamic
ratios pass on 0.0% ratios fail on 0.5% 100.0% not rated under MSCI Islamic M-Series
ratios pass on 0.0% ratios fail on 0.5% 100.0% not rated under FTSE Shariah
2 of 127 listed holdings carry our own per-methodology verdicts (0% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 1 (0% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
TCW Emerging Markets Local Currency Income Fund (TGWIX) 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 |
|---|---|---|
| NOTA DO TESOURO NACIONALnot matched to a ticker | 6.11% | Not screened |
| CZECH REPUBLICnot matched to a ticker | 4.71% | Not screened |
| NOTA DO TESOURO NACIONALnot matched to a ticker | 4.12% | Not screened |
| INDONESIA GOVERNMENTnot matched to a ticker | 4.04% | Non-compliant |
| TURKIYE GOVERNMENT BONDnot matched to a ticker | 3.64% | Not screened |
| NOTA DO TESOURO NACIONALnot matched to a ticker | 3.25% | Not screened |
| REPUBLIC OF SOUTH AFRICAnot matched to a ticker | 3.11% | Not screened |
| TITULOS DE TESORERIAnot matched to a ticker | 2.74% | Not screened |
| The Federal Republic of Nigerianot matched to a ticker | 2.74% | Not screened |
| REPUBLIC OF SOUTH AFRICAnot matched to a ticker | 2.73% | Not screened |
Top 10 of 127 holdings, 37.2% 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 TGWIX. 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) | 31.00 | NEUTRAL |
| Stochastic %K (14) | 0.00 | BUY |
| CCI (20) | -130.17 | BUY |
| Williams %R (14) | -100.00 | BUY |
| MACD (12,26,9) | -0.02 | SELL |
| ROC (10) | -2.00 | SELL |
| Momentum (10) | -0.16 | SELL |
| EMA (10) | 7.77 | SELL |
| SMA (10) | 7.79 | SELL |
| EMA (20) | 7.83 | SELL |
| SMA (20) | 7.86 | SELL |
| EMA (30) | 7.85 | SELL |
| SMA (30) | 7.90 | SELL |
| EMA (50) | 7.86 | SELL |
| SMA (50) | 7.90 | SELL |
| EMA (100) | 7.83 | SELL |
| SMA (100) | 7.84 | SELL |
| EMA (200) | 7.73 | SELL |
| SMA (200) | 7.75 | SELL |
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.