Verdicts genuinely change. Free email alert the moment THMEX'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.
CCT Thematic Equity Fund · ADVISORS' INNER CIRCLE III
51 holdings
NON-COMPLIANT 31.35% of portfolio weight is in non-compliant holdings, over the 5% threshold.
51 holdings, 46 matched (89% of weight). Portfolio as of 2026-07-31, filed 2026-09-28. Source: SEC Form N-PORT.
3.14% of this portfolio’s income is non-permissible — weighted across holdings, computed over 71% of portfolio weight (37 of 51 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.
51.7% compliant 6.2% questionable 31.3% non-compliant 10.8% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| N/A | UNSCREENED | 4.35% | no in-house ratios for this holding |
| ILMN ILLUMINA, INC. | COMPLIANT | 3.71% | AAOIFI1.6% Usmani8.1% Dow Jones Islamic2.7% S&P Shariah2.7% MSCI Islamic8.1% MSCI Islamic M-Series2.7% FTSE Shariah0.0% |
| CGNX COGNEX CORPORATION | COMPLIANT | 3.68% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| SAN.MC Banco Santander, S.A. | NON_COMPLIANT | 3.28% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AMZN AMAZON.COM, INC. | QUESTIONABLE | 3.00% | AAOIFI8.2% Usmani22.1% Dow Jones Islamic9.6% S&P Shariah10.6% MSCI Islamic20.9% MSCI Islamic M-Series10.6% FTSE Shariah12.1% |
| FNV Franco-Nevada Corporation | COMPLIANT | 2.99% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| REGN REGENERON PHARMACEUTICALS, INC. | COMPLIANT | 2.86% | AAOIFI2.4% Usmani6.5% Dow Jones Islamic3.0% S&P Shariah2.7% MSCI Islamic4.8% MSCI Islamic M-Series2.7% FTSE Shariah4.8% |
| NVDA NVIDIA CORPORATION | COMPLIANT | 2.80% | AAOIFI1.1% Usmani12.1% Dow Jones Islamic0.9% S&P Shariah1.1% MSCI Islamic12.1% MSCI Islamic M-Series1.1% FTSE Shariah10.4% |
| SLB SLB N.V. | COMPLIANT | 2.74% | AAOIFI13.1% Usmani20.1% Dow Jones Islamic18.7% S&P Shariah17.9% MSCI Islamic20.1% MSCI Islamic M-Series17.9% FTSE Shariah20.1% |
| SHEL SHELL PLC | NON_COMPLIANT | 2.71% | AAOIFI38.4% Usmani20.4% Dow Jones Islamic17.6% S&P Shariah18.0% MSCI Islamic20.4% MSCI Islamic M-Series18.0% FTSE Shariah20.4% |
| 6954.T FANUC CORPORATION | COMPLIANT | 2.59% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| AAPL APPLE INC. | COMPLIANT | 2.56% | AAOIFI2.1% Usmani21.5% Dow Jones Islamic2.2% S&P Shariah2.4% MSCI Islamic21.5% MSCI Islamic M-Series2.4% FTSE Shariah21.5% |
| PI IMPINJ, INC. | COMPLIANT | 2.56% | AAOIFI5.1% Usmani49.9% Dow Jones Islamic6.2% S&P Shariah6.8% MSCI Islamic49.9% MSCI Islamic M-Series6.8% FTSE Shariah45.2% |
| BRK.B BERKSHIRE HATHAWAY INC. | NON_COMPLIANT | 2.50% | no in-house ratios for this holding |
| NTRA NATERA, INC. | COMPLIANT | 2.38% | AAOIFI0.5% Usmani9.0% Dow Jones Islamic0.9% S&P Shariah1.2% MSCI Islamic9.0% MSCI Islamic M-Series1.2% FTSE Shariah3.0% |
| 1299.HK AIA Group Limited | NON_COMPLIANT | 2.37% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CDNS CADENCE DESIGN SYSTEMS, INC. | COMPLIANT | 2.36% | AAOIFI0.3% Usmani1.9% Dow Jones Islamic0.3% S&P Shariah0.3% MSCI Islamic1.9% MSCI Islamic M-Series0.3% FTSE Shariah0.0% |
| ASML.AS ASML Holding N.V. | COMPLIANT | 2.26% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| Sandvik Aktiebolag | UNSCREENED | 2.23% | no in-house ratios for this holding |
| GS THE GOLDMAN SACHS GROUP, INC. | NON_COMPLIANT | 2.22% | AAOIFI147.5% Usmani20.6% Dow Jones Islamic194.6% S&P Shariah229.2% MSCI Islamic20.6% MSCI Islamic M-Series229.2% FTSE Shariah20.6% |
| VGP.BR VGP NV | NON_COMPLIANT | 2.07% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AEP AMERICAN ELECTRIC POWER COMPANY, INC. | NON_COMPLIANT | 2.07% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| VZ VERIZON COMMUNICATIONS INC. | NON_COMPLIANT | 2.06% | AAOIFI98.4% Usmani45.9% Dow Jones Islamic109.0% S&P Shariah116.8% MSCI Islamic45.9% MSCI Islamic M-Series116.8% FTSE Shariah40.3% |
| Industria de Diseno Textil, S.A. | UNSCREENED | 2.06% | no in-house ratios for this holding |
| JPM JPMORGAN CHASE & CO. | NON_COMPLIANT | 1.98% | AAOIFI7.7% Usmani1.4% Dow Jones Islamic9.5% S&P Shariah10.7% MSCI Islamic1.4% MSCI Islamic M-Series10.7% FTSE Shariah1.4% |
| GOOG ALPHABET INC. | QUESTIONABLE | 1.93% | AAOIFI2.9% Usmani13.1% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic12.8% MSCI Islamic M-Series4.5% FTSE Shariah10.9% |
| 8306.T Mitsubishi UFJ Financial Group, Inc. | NON_COMPLIANT | 1.82% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AVGO BROADCOM INC. | COMPLIANT | 1.81% | AAOIFI3.8% Usmani32.5% Dow Jones Islamic4.4% S&P Shariah5.5% MSCI Islamic32.5% MSCI Islamic M-Series5.5% FTSE Shariah32.5% |
| AC.PA ACCOR SA | NON_COMPLIANT | 1.73% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| V VISA INC. | COMPLIANT | 1.71% | AAOIFI3.5% Usmani25.2% Dow Jones Islamic15.5% S&P Shariah16.7% MSCI Islamic25.2% MSCI Islamic M-Series16.7% FTSE Shariah25.2% |
| CRWD CROWDSTRIKE HOLDINGS, INC. | COMPLIANT | 1.66% | AAOIFI0.4% Usmani6.8% Dow Jones Islamic0.7% S&P Shariah0.8% MSCI Islamic6.8% MSCI Islamic M-Series0.8% FTSE Shariah6.2% |
| OR.PA L'OREAL SA | COMPLIANT | 1.58% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| ABBNY ABB Ltd | COMPLIANT | 1.58% | AAOIFI6.4% Usmani22.0% Dow Jones Islamic7.0% S&P Shariah8.0% MSCI Islamic20.3% MSCI Islamic M-Series8.0% FTSE Shariah20.3% |
| NVS Novartis AG | COMPLIANT | 1.55% | AAOIFI12.5% Usmani25.9% Dow Jones Islamic11.8% S&P Shariah12.6% MSCI Islamic25.9% MSCI Islamic M-Series12.6% FTSE Shariah25.9% |
| VRTX VERTEX PHARMACEUTICALS INCORPORATED | COMPLIANT | 1.50% | AAOIFI1.6% Usmani7.2% Dow Jones Islamic1.7% S&P Shariah1.7% MSCI Islamic7.2% MSCI Islamic M-Series1.7% FTSE Shariah0.0% |
| AIR.PA Airbus SE | NON_COMPLIANT | 1.44% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ASND ASCENDIS PHARMA A/S | COMPLIANT | 1.37% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| SNOW SNOWFLAKE INC. | COMPLIANT | 1.31% | AAOIFI0.4% Usmani5.5% Dow Jones Islamic0.7% S&P Shariah0.8% MSCI Islamic5.5% MSCI Islamic M-Series0.8% FTSE Shariah0.0% |
| ATO ATMOS ENERGY CORPORATION | NON_COMPLIANT | 1.30% | AAOIFI36.8% Usmani32.5% Dow Jones Islamic39.5% S&P Shariah44.7% MSCI Islamic32.5% MSCI Islamic M-Series44.7% FTSE Shariah32.5% |
| COST COSTCO WHOLESALE CORPORATION | QUESTIONABLE | 1.30% | AAOIFI2.0% Usmani11.4% Dow Jones Islamic2.1% S&P Shariah2.2% MSCI Islamic9.8% MSCI Islamic M-Series2.2% FTSE Shariah6.9% |
| EOG EOG RESOURCES, INC. | COMPLIANT | 1.25% | AAOIFI10.8% Usmani15.1% Dow Jones Islamic12.6% S&P Shariah12.5% MSCI Islamic15.1% MSCI Islamic M-Series12.5% FTSE Shariah14.5% |
| Nestle S.A. | UNSCREENED | 1.22% | no in-house ratios for this holding |
| ITUB Itau Unibanco Holding S.A. | NON_COMPLIANT | 1.18% | AAOIFI132.6% Usmani27.8% Dow Jones Islamic351.6% S&P Shariah388.8% MSCI Islamic27.8% MSCI Islamic M-Series388.8% FTSE Shariah27.8% |
| 8316.T Sumitomo Mitsui Financial Group, Inc. | NON_COMPLIANT | 1.18% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TMO THERMO FISHER SCIENTIFIC INCORPORATED | COMPLIANT | 1.15% | AAOIFI20.5% Usmani40.3% Dow Jones Islamic23.4% S&P Shariah22.9% MSCI Islamic40.3% MSCI Islamic M-Series22.9% FTSE Shariah40.3% |
| CDNA CAREDX, INC. | COMPLIANT | 0.99% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| BWX TECHNOLOGIES, INC. | UNSCREENED | 0.92% | no in-house ratios for this holding |
| MDI.TO MAJOR DRILLING GROUP INTERNATIONAL INC. | COMPLIANT | 0.87% | AAOIFI2.7% Usmani5.6% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.6% MSCI Islamic M-Seriespass FTSE Shariah4.6% |
| WMB THE WILLIAMS COMPANIES, INC. | NON_COMPLIANT | 0.70% | AAOIFI35.0% Usmani50.0% Dow Jones Islamic41.0% S&P Shariah47.9% MSCI Islamic50.0% MSCI Islamic M-Series47.9% FTSE Shariah50.0% |
| 9336.T Daiei Kankyo Co., Ltd. | NON_COMPLIANT | 0.44% | AAOIFI31.2% Usmani44.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic44.4% MSCI Islamic M-Seriesfail FTSE Shariah44.4% |
| IONQ IONQ Inc | NON_COMPLIANT | 0.29% | AAOIFI0.3% Usmani0.8% Dow Jones Islamic0.4% S&P Shariah0.6% MSCI Islamic0.8% MSCI Islamic M-Series0.6% FTSE Shariah0.0% |
The published standards disagree about this fund by 13 points of portfolio weight — 47.9% of it passes AAOIFI, 35.1% 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 47.9% ratios fail on 31.4% 20.8% not rated under AAOIFI
ratios pass on 41.6% ratios fail on 37.7% 20.8% not rated under Usmani
ratios pass on 46.1% ratios fail on 28.7% 25.3% not rated under Dow Jones Islamic
ratios pass on 46.1% ratios fail on 28.7% 25.3% not rated under S&P Shariah
ratios pass on 35.1% ratios fail on 39.2% 25.8% not rated under MSCI Islamic
ratios pass on 46.1% ratios fail on 28.7% 25.3% not rated under MSCI Islamic M-Series
ratios pass on 37.1% ratios fail on 37.7% 25.3% not rated under FTSE Shariah
45 of 51 listed holdings carry our own per-methodology verdicts (87% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 31 (58% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| SAN.MC Banco Santander, S.A. | 3.28% |
| SHEL SHELL PLC | 2.71% |
| BRK.B BERKSHIRE HATHAWAY INC. | 2.50% |
| 1299.HK AIA Group Limited | 2.37% |
| GS THE GOLDMAN SACHS GROUP, INC. | 2.22% |
| VGP.BR VGP NV | 2.07% |
| AEP AMERICAN ELECTRIC POWER COMPANY, INC. | 2.07% |
| VZ VERIZON COMMUNICATIONS INC. | 2.06% |
| JPM JPMORGAN CHASE & CO. | 1.98% |
| 8306.T Mitsubishi UFJ Financial Group, Inc. | 1.82% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
CCT Thematic Equity Fund (THMEX) 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 |
|---|---|---|
| N/Anot matched to a ticker | 4.35% | Not screened |
| ILMNILLUMINA, INC. | 3.71% | Compliant |
| CGNXCOGNEX CORPORATION | 3.68% | Compliant |
| SAN.MCBanco Santander, S.A. | 3.28% | Non-compliant |
| AMZNAMAZON.COM, INC. | 3.00% | Questionable |
| FNVFranco-Nevada Corporation | 2.99% | Compliant |
| REGNREGENERON PHARMACEUTICALS, INC. | 2.86% | Compliant |
| NVDANVIDIA CORPORATION | 2.80% | Compliant |
| SLBSLB N.V. | 2.74% | Compliant |
| SHELSHELL PLC | 2.71% | Non-compliant |
Top 10 of 51 holdings, 32.1% 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 THMEX. 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) | 45.30 | NEUTRAL |
| Stochastic %K (14) | 0.00 | BUY |
| CCI (20) | -128.47 | BUY |
| Williams %R (14) | -100.00 | BUY |
| MACD (12,26,9) | -0.03 | SELL |
| ROC (10) | -1.86 | SELL |
| Momentum (10) | -0.32 | SELL |
| EMA (10) | 16.95 | SELL |
| SMA (10) | 16.98 | SELL |
| EMA (20) | 16.96 | SELL |
| SMA (20) | 16.99 | SELL |
| EMA (30) | 16.94 | SELL |
| SMA (30) | 16.94 | SELL |
| EMA (50) | 16.85 | SELL |
| SMA (50) | 16.94 | SELL |
| EMA (100) | 16.51 | BUY |
| SMA (100) | 16.55 | BUY |
| EMA (200) | 15.78 | BUY |
| SMA (200) | 15.78 | 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.