Verdicts genuinely change. Free email alert the moment TOGA'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.
Tremblant Global ETF ETF · Managed Portfolio Series
30 holdings · as of 2026-06-30 (3.5 months ago) The fund may have traded since. SEC Form N-PORT is filed quarterly and lags the period it covers, so these are the most recent holdings on file, not the fund’s holdings today.
NON-COMPLIANT 52.19% of portfolio weight is in non-compliant holdings, over the 5% threshold.
30 holdings, 29 matched (99% of weight). Portfolio as of 2026-06-30, filed 2026-08-26. Source: SEC Form N-PORT.
0.74% of this portfolio’s income is non-permissible — weighted across holdings, computed over 90% of portfolio weight (27 of 30 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.
35.0% compliant 10.8% questionable 52.2% non-compliant 1.2% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| RDDT Reddit Inc | QUESTIONABLE | 5.45% | AAOIFI0.1% Usmani0.6% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.6% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| GRAB Grab Holdings Ltd | NON_COMPLIANT | 4.72% | AAOIFI14.7% Usmani17.1% Dow Jones Islamic11.1% S&P Shariah12.2% MSCI Islamic17.1% MSCI Islamic M-Series12.2% FTSE Shariah17.1% |
| AFRM Affirm Holdings Inc | NON_COMPLIANT | 4.63% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| LYV Live Nation Entertainment Inc | NON_COMPLIANT | 4.51% | AAOIFI27.6% Usmani40.0% Dow Jones Islamic32.8% S&P Shariah37.6% MSCI Islamic40.0% MSCI Islamic M-Series37.6% FTSE Shariah32.7% |
| SPOT Spotify Technology SA | NON_COMPLIANT | 4.48% | AAOIFI1.6% Usmani9.7% Dow Jones Islamic1.5% S&P Shariah1.9% MSCI Islamic9.7% MSCI Islamic M-Series1.9% FTSE Shariah9.7% |
| VRNS Varonis Systems Inc | NON_COMPLIANT | 4.48% | AAOIFI11.5% Usmani31.9% Dow Jones Islamic10.8% S&P Shariah10.9% MSCI Islamic31.9% MSCI Islamic M-Series10.9% FTSE Shariah27.3% |
| WH Wyndham Hotels & Resorts Inc | NON_COMPLIANT | 4.37% | AAOIFI47.4% Usmani61.7% Dow Jones Islamic42.2% S&P Shariah43.4% MSCI Islamic61.7% MSCI Islamic M-Series43.4% FTSE Shariah61.7% |
| CPNG Coupang Inc | COMPLIANT | 4.34% | AAOIFI20.5% Usmani32.4% Dow Jones Islamic13.3% S&P Shariah14.3% MSCI Islamic32.4% MSCI Islamic M-Series14.3% FTSE Shariah15.0% |
| DASH DoorDash Inc | COMPLIANT | 4.32% | AAOIFI3.6% Usmani16.9% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic16.9% MSCI Islamic M-Series4.5% FTSE Shariah13.9% |
| UBER Uber Technologies Inc | COMPLIANT | 4.27% | AAOIFI9.5% Usmani22.4% Dow Jones Islamic8.9% S&P Shariah9.6% MSCI Islamic22.4% MSCI Islamic M-Series9.6% FTSE Shariah19.3% |
| WING Wingstop Inc | NON_COMPLIANT | 4.21% | AAOIFI41.6% Usmani193.4% Dow Jones Islamic17.4% S&P Shariah16.3% MSCI Islamic193.4% MSCI Islamic M-Series16.3% FTSE Shariah184.0% |
| MTCH Match Group Inc | NON_COMPLIANT | 4.08% | AAOIFI37.0% Usmani88.1% Dow Jones Islamic44.3% S&P Shariah42.6% MSCI Islamic88.1% MSCI Islamic M-Series42.6% FTSE Shariah88.1% |
| TKO TKO Group Holdings Inc | NON_COMPLIANT | 3.76% | AAOIFI12.7% Usmani30.5% Dow Jones Islamic14.3% S&P Shariah17.0% MSCI Islamic28.8% MSCI Islamic M-Series17.0% FTSE Shariah28.5% |
| CMG Chipotle Mexican Grill Inc | NON_COMPLIANT | 3.69% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| MELI MercadoLibre Inc | COMPLIANT | 3.23% | AAOIFI20.1% Usmani38.5% Dow Jones Islamic19.0% S&P Shariah20.6% MSCI Islamic38.3% MSCI Islamic M-Series20.6% FTSE Shariah33.3% |
| EVD.DE CTS Eventim AG & Co KGaA | COMPLIANT | 3.12% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| AMZN Amazon.com Inc | QUESTIONABLE | 3.09% | AAOIFI8.2% Usmani22.1% Dow Jones Islamic9.6% S&P Shariah10.6% MSCI Islamic20.9% MSCI Islamic M-Series10.6% FTSE Shariah12.1% |
| MDB MongoDB Inc | COMPLIANT | 2.98% | AAOIFI0.1% Usmani1.5% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.8% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| SHOP Shopify Inc | COMPLIANT | 2.73% | AAOIFI0.1% Usmani1.2% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic1.2% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| EVR Evercore Inc | NON_COMPLIANT | 2.59% | AAOIFI4.8% Usmani11.8% Dow Jones Islamic4.6% S&P Shariah5.3% MSCI Islamic11.8% MSCI Islamic M-Series5.3% FTSE Shariah0.0% |
| DKNG DraftKings Inc | NON_COMPLIANT | 2.58% | AAOIFI11.2% Usmani31.4% Dow Jones Islamic7.9% S&P Shariah7.7% MSCI Islamic31.4% MSCI Islamic M-Series7.7% FTSE Shariah29.5% |
| PGR Progressive Corp/The | NON_COMPLIANT | 2.51% | AAOIFI6.5% Usmani6.7% Dow Jones Islamic6.3% S&P Shariah6.9% MSCI Islamic6.7% MSCI Islamic M-Series6.9% FTSE Shariah6.7% |
| QTWO Q2 Holdings Inc | COMPLIANT | 2.43% | AAOIFI1.1% Usmani4.2% Dow Jones Islamic0.9% S&P Shariah1.0% MSCI Islamic4.2% MSCI Islamic M-Series1.0% FTSE Shariah0.0% |
| CSGP CoStar Group Inc | QUESTIONABLE | 2.30% | AAOIFI9.1% Usmani11.4% Dow Jones Islamic4.2% S&P Shariah3.9% MSCI Islamic11.3% MSCI Islamic M-Series3.9% FTSE Shariah9.8% |
| FORM FormFactor Inc | COMPLIANT | 2.15% | AAOIFI0.4% Usmani2.2% Dow Jones Islamic0.6% S&P Shariah0.7% MSCI Islamic2.2% MSCI Islamic M-Series0.7% FTSE Shariah0.9% |
| FTAI FTAI Aviation Ltd | COMPLIANT | 2.12% | AAOIFI17.1% Usmani76.9% Dow Jones Islamic19.5% S&P Shariah24.8% MSCI Islamic76.9% MSCI Islamic M-Series24.8% FTSE Shariah76.9% |
| SMTC Semtech Corp | COMPLIANT | 1.95% | AAOIFI3.8% Usmani36.0% Dow Jones Islamic8.0% S&P Shariah10.6% MSCI Islamic36.0% MSCI Islamic M-Series10.6% FTSE Shariah34.2% |
| MNDY Monday.com Ltd | NON_COMPLIANT | 1.58% | AAOIFI4.4% Usmani8.0% Dow Jones Islamic1.8% S&P Shariah1.7% MSCI Islamic8.0% MSCI Islamic M-Series1.7% FTSE Shariah0.0% |
| AIXA.DE AIXTRON SE | COMPLIANT | 1.34% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| First American Treasury Obliga | UNSCREENED | 1.22% | no in-house ratios for this holding |
The published standards disagree about this fund by 47 points of portfolio weight — 74.5% of it passes Dow Jones Islamic, 27.4% 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 70.3% ratios fail on 24.0% 4.9% not rated under AAOIFI
ratios pass on 31.4% ratios fail on 52.7% 15.1% not rated under Usmani
ratios pass on 74.5% ratios fail on 19.8% 4.9% not rated under Dow Jones Islamic
ratios pass on 70.0% ratios fail on 24.3% 4.9% not rated under S&P Shariah
ratios pass on 27.4% ratios fail on 59.2% 12.6% not rated under MSCI Islamic
ratios pass on 70.0% ratios fail on 24.3% 4.9% not rated under MSCI Islamic M-Series
ratios pass on 38.4% ratios fail on 48.2% 12.6% not rated under FTSE Shariah
29 of 30 listed holdings carry our own per-methodology verdicts (98% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 25 (85% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| GRAB Grab Holdings Ltd | 4.72% |
| AFRM Affirm Holdings Inc | 4.63% |
| LYV Live Nation Entertainment Inc | 4.51% |
| SPOT Spotify Technology SA | 4.48% |
| VRNS Varonis Systems Inc | 4.48% |
| WH Wyndham Hotels & Resorts Inc | 4.37% |
| WING Wingstop Inc | 4.21% |
| MTCH Match Group Inc | 4.08% |
| TKO TKO Group Holdings Inc | 3.76% |
| CMG Chipotle Mexican Grill Inc | 3.69% |
Methodology breakdown computing — it will appear here on its own.
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
Managed Portfolio Series Tremblant Global ETF (TOGA) 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.
Computing the full ratio and business-activity breakdown for TOGA — this runs off the critical path so the page paints first. It will appear here on its own.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
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) | 44.10 | NEUTRAL |
| Stochastic %K (14) | 38.09 | NEUTRAL |
| CCI (20) | -24.42 | NEUTRAL |
| Williams %R (14) | -61.91 | NEUTRAL |
| MACD (12,26,9) | 0.13 | BUY |
| ROC (10) | 2.08 | BUY |
| Momentum (10) | 0.60 | BUY |
| EMA (10) | 29.98 | BUY |
| SMA (10) | 29.93 | BUY |
| EMA (20) | 29.94 | BUY |
| SMA (20) | 29.67 | BUY |
| EMA (30) | 30.03 | BUY |
| SMA (30) | 29.93 | BUY |
| EMA (50) | 30.18 | BUY |
| SMA (50) | 30.49 | BUY |
| EMA (100) | 30.35 | BUY |
| SMA (100) | 30.45 | BUY |
| EMA (200) | 30.89 | SELL |
| SMA (200) | 30.35 | BUY |
Under normal conditions, the fund will invest: (1) at least 40% (unless market conditions are not deemed favorable, in which case at least 30%) of its net assets in investments that are economically tied to, or located in, countries or regions other than the United States; and (2) in investments that are economically tied to, or located in, at least three different countries, including the United States.
Background via Yahoo Finance — informational, not part of the verdict.
Weak — low conviction, small size or skip
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | RANGING | 43 |
| ⏲ 5-Min | BEARISH | 42 |
Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.
How the rest of the sector moved over the same window. Context for a price move, never a cause of one.
Peer movement computing — it will appear here on its own.
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.
Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.
NO DATA 0 buys · 0 sells
The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.
NEUTRAL report date 2026-10-06 · Asset managers net 906615 (+2612)
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.