TOLLETF / FundTema Durable Quality ETF
Verdicts genuinely change. Free email alert the moment TOLL'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.
Tema Durable Quality ETF ETF · Tema ETF Trust
39 holdings · as of 2026-05-31 (4.7 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 23.30% of portfolio weight is in non-compliant holdings, over the 5% threshold.
39 holdings, 35 matched (88% of weight). Portfolio as of 2026-05-31, filed 2026-07-29. Source: SEC Form N-PORT.
1.37% of this portfolio’s income is non-permissible — weighted across holdings, computed over 86% of portfolio weight (34 of 39 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.
64.8% compliant 0.0% questionable 23.3% non-compliant 11.8% unscreened
All holdings (39)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| Kalshi SPV Exposure | UNSCREENED | 8.15% | no in-house ratios for this holding |
| LRCX Lam Research Corp | COMPLIANT | 6.19% | AAOIFI1.0% Usmani17.5% Dow Jones Islamic2.1% S&P Shariah2.4% MSCI Islamic17.5% MSCI Islamic M-Series2.4% FTSE Shariah15.8% |
| GE General Electric Co | NON_COMPLIANT | 4.86% | AAOIFI6.4% Usmani16.1% Dow Jones Islamic7.2% S&P Shariah8.3% MSCI Islamic16.1% MSCI Islamic M-Series8.3% FTSE Shariah15.3% |
| FTNT Fortinet Inc | COMPLIANT | 4.65% | AAOIFI0.4% Usmani4.6% Dow Jones Islamic0.7% S&P Shariah0.8% MSCI Islamic4.6% MSCI Islamic M-Series0.8% FTSE Shariah4.6% |
| V Visa Inc | COMPLIANT | 4.63% | AAOIFI3.5% Usmani25.2% Dow Jones Islamic15.5% S&P Shariah16.7% MSCI Islamic25.2% MSCI Islamic M-Series16.7% FTSE Shariah25.2% |
| KLAC KLA Corp | COMPLIANT | 4.58% | AAOIFI2.5% Usmani34.3% Dow Jones Islamic4.0% S&P Shariah4.7% MSCI Islamic34.3% MSCI Islamic M-Series4.7% FTSE Shariah32.8% |
| CBOE Cboe Global Markets Inc | NON_COMPLIANT | 4.47% | AAOIFI4.9% Usmani14.9% Dow Jones Islamic6.2% S&P Shariah6.8% MSCI Islamic14.9% MSCI Islamic M-Series6.8% FTSE Shariah13.6% |
| ON ON Semiconductor Corp | COMPLIANT | 4.29% | AAOIFI16.9% Usmani34.9% Dow Jones Islamic18.0% S&P Shariah16.5% MSCI Islamic34.7% MSCI Islamic M-Series16.5% FTSE Shariah33.1% |
| PFGC Performance Food Group Co | NON_COMPLIANT | 4.02% | AAOIFI38.5% Usmani41.3% Dow Jones Islamic41.6% S&P Shariah45.7% MSCI Islamic31.7% MSCI Islamic M-Series45.7% FTSE Shariah26.6% |
| AVGO Broadcom Inc | COMPLIANT | 3.51% | AAOIFI3.8% Usmani32.5% Dow Jones Islamic4.4% S&P Shariah5.5% MSCI Islamic32.5% MSCI Islamic M-Series5.5% FTSE Shariah32.5% |
| KEYS Keysight Technologies Inc | COMPLIANT | 3.35% | AAOIFI4.8% Usmani23.0% Dow Jones Islamic7.5% S&P Shariah8.4% MSCI Islamic23.0% MSCI Islamic M-Series8.4% FTSE Shariah21.1% |
| AMAT Applied Materials Inc | COMPLIANT | 2.97% | AAOIFI1.9% Usmani16.6% Dow Jones Islamic3.4% S&P Shariah3.7% MSCI Islamic16.6% MSCI Islamic M-Series3.7% FTSE Shariah14.8% |
| MSCI MSCI Inc | COMPLIANT | 2.90% | AAOIFI15.7% Usmani116.8% Dow Jones Islamic15.3% S&P Shariah15.6% MSCI Islamic116.8% MSCI Islamic M-Series15.6% FTSE Shariah113.9% |
| FER.MC Ferrovial NV | COMPLIANT | 2.78% | AAOIFI26.9% Usmani38.0% Dow Jones Islamic35.3% S&P Shariah39.6% MSCI Islamic38.0% MSCI Islamic M-Series39.6% FTSE Shariah38.0% |
| TMO Thermo Fisher Scientific Inc | COMPLIANT | 2.63% | AAOIFI20.5% Usmani40.3% Dow Jones Islamic23.4% S&P Shariah22.9% MSCI Islamic40.3% MSCI Islamic M-Series22.9% FTSE Shariah40.3% |
| SNPS Synopsys Inc | COMPLIANT | 2.59% | AAOIFI14.4% Usmani22.7% Dow Jones Islamic13.2% S&P Shariah13.2% MSCI Islamic22.7% MSCI Islamic M-Series13.2% FTSE Shariah21.0% |
| Moody's Corp | UNSCREENED | 2.52% | no in-house ratios for this holding |
| BE Bloom Energy Corp | COMPLIANT | 2.32% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| WAT Waters Corp | COMPLIANT | 2.11% | AAOIFI14.1% Usmani21.2% Dow Jones Islamic21.2% S&P Shariah23.3% MSCI Islamic21.2% MSCI Islamic M-Series23.3% FTSE Shariah19.7% |
| AENA.MC Aena SME SA | COMPLIANT | 2.06% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| GILD Gilead Sciences Inc | COMPLIANT | 1.95% | AAOIFI14.4% Usmani53.2% Dow Jones Islamic18.6% S&P Shariah21.4% MSCI Islamic53.2% MSCI Islamic M-Series21.4% FTSE Shariah53.2% |
| FICO Fair Isaac Corp | COMPLIANT | 1.81% | AAOIFI27.8% Usmani274.8% Dow Jones Islamic14.4% S&P Shariah15.5% MSCI Islamic274.8% MSCI Islamic M-Series15.5% FTSE Shariah274.0% |
| DE Deere & Co | NON_COMPLIANT | 1.78% | AAOIFI9.1% Usmani15.9% Dow Jones Islamic12.7% S&P Shariah13.8% MSCI Islamic15.9% MSCI Islamic M-Series13.8% FTSE Shariah15.9% |
| ELV Elevance Health Inc | NON_COMPLIANT | 1.71% | AAOIFI35.1% Usmani24.6% Dow Jones Islamic37.4% S&P Shariah33.5% MSCI Islamic24.6% MSCI Islamic M-Series33.5% FTSE Shariah24.6% |
| MA Mastercard Inc | COMPLIANT | 1.64% | AAOIFI4.9% Usmani42.7% Dow Jones Islamic37.5% S&P Shariah40.1% MSCI Islamic42.7% MSCI Islamic M-Series40.1% FTSE Shariah42.7% |
| USFD US Foods Holding Corp | NON_COMPLIANT | 1.64% | AAOIFI23.5% Usmani36.5% Dow Jones Islamic29.4% S&P Shariah33.1% MSCI Islamic36.5% MSCI Islamic M-Series33.1% FTSE Shariah36.5% |
| SPGI S&P Global Inc | COMPLIANT | 1.60% | AAOIFI10.6% Usmani22.9% Dow Jones Islamic9.4% S&P Shariah9.8% MSCI Islamic22.9% MSCI Islamic M-Series9.8% FTSE Shariah21.9% |
| MLM Martin Marietta Materials Inc | COMPLIANT | 1.58% | AAOIFI17.5% Usmani29.8% Dow Jones Islamic18.4% S&P Shariah18.9% MSCI Islamic29.8% MSCI Islamic M-Series18.9% FTSE Shariah27.9% |
| IDXX IDEXX Laboratories Inc | COMPLIANT | 1.57% | AAOIFI1.4% Usmani16.8% Dow Jones Islamic1.3% S&P Shariah1.3% MSCI Islamic16.8% MSCI Islamic M-Series1.3% FTSE Shariah13.1% |
| VRTX Vertex Pharmaceuticals Inc | COMPLIANT | 1.49% | AAOIFI1.6% Usmani7.2% Dow Jones Islamic1.7% S&P Shariah1.7% MSCI Islamic7.2% MSCI Islamic M-Series1.7% FTSE Shariah0.0% |
| ETR Entergy Corp | NON_COMPLIANT | 1.35% | AAOIFI65.8% Usmani43.6% Dow Jones Islamic83.2% S&P Shariah99.2% MSCI Islamic43.5% MSCI Islamic M-Series99.2% FTSE Shariah43.1% |
| AIR.PA Airbus SE | NON_COMPLIANT | 1.32% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Universal Microwave Technology | UNSCREENED | 1.15% | no in-house ratios for this holding |
| AMD Advanced Micro Devices Inc | COMPLIANT | 1.07% | AAOIFI0.5% Usmani5.1% Dow Jones Islamic1.2% S&P Shariah1.3% MSCI Islamic5.1% MSCI Islamic M-Series1.3% FTSE Shariah3.8% |
| DG.PA Vinci SA | NON_COMPLIANT | 0.85% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| RKT Rocket Cos Inc | NON_COMPLIANT | 0.67% | AAOIFI27.1% Usmani17.7% Dow Jones Islamic24.8% S&P Shariah26.9% MSCI Islamic17.7% MSCI Islamic M-Series26.9% FTSE Shariah17.7% |
| JPM JPMorgan Chase & Co | NON_COMPLIANT | 0.63% | AAOIFI7.7% Usmani1.4% Dow Jones Islamic9.5% S&P Shariah10.7% MSCI Islamic1.4% MSCI Islamic M-Series10.7% FTSE Shariah1.4% |
| ALGN Align Technology Inc | COMPLIANT | 0.53% | AAOIFI1.1% Usmani1.9% Dow Jones Islamic1.0% S&P Shariah0.8% MSCI Islamic1.9% MSCI Islamic M-Series0.8% FTSE Shariah0.0% |
| First American Treasury Obliga | UNSCREENED | 0.03% | no in-house ratios for this holding |
The published standards disagree about this fund by 43 points of portfolio weight — 67.1% of it passes AAOIFI, 24.6% 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 67.1% ratios fail on 12.3% 20.5% not rated under AAOIFI
ratios pass on 38.9% ratios fail on 36.1% 25.0% not rated under Usmani
ratios pass on 65.5% ratios fail on 14.0% 20.5% not rated under Dow Jones Islamic
ratios pass on 63.8% ratios fail on 15.6% 20.5% not rated under S&P Shariah
ratios pass on 24.6% ratios fail on 47.9% 27.5% not rated under MSCI Islamic
ratios pass on 65.5% ratios fail on 14.0% 20.5% not rated under MSCI Islamic M-Series
ratios pass on 47.8% ratios fail on 23.2% 29.0% not rated under FTSE Shariah
35 of 39 listed holdings carry our own per-methodology verdicts (88% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 31 (82% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| GE General Electric Co | 4.86% |
| CBOE Cboe Global Markets Inc | 4.47% |
| PFGC Performance Food Group Co | 4.02% |
| DE Deere & Co | 1.78% |
| ELV Elevance Health Inc | 1.71% |
| USFD US Foods Holding Corp | 1.64% |
| ETR Entergy Corp | 1.35% |
| AIR.PA Airbus SE | 1.32% |
| DG.PA Vinci SA | 0.85% |
| RKT Rocket Cos Inc | 0.67% |
Methodology breakdown computing — it will appear here on its own.
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Why this signal?
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
Tema Durable Quality ETF (TOLL) 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.
🕌 In-house Compliance Research
Computing the full ratio and business-activity breakdown for TOLL — 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.
Price Forecast
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.
Technical Summary
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.
Every indicator, and what it reads
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 46.50 | NEUTRAL |
| Stochastic %K (14) | 28.87 | NEUTRAL |
| CCI (20) | -75.03 | NEUTRAL |
| Williams %R (14) | -71.13 | NEUTRAL |
| MACD (12,26,9) | -0.19 | SELL |
| ROC (10) | -3.25 | SELL |
| Momentum (10) | -1.35 | SELL |
| EMA (10) | 40.34 | SELL |
| SMA (10) | 40.46 | SELL |
| EMA (20) | 40.49 | SELL |
| SMA (20) | 40.81 | SELL |
| EMA (30) | 40.45 | SELL |
| SMA (30) | 40.59 | SELL |
| EMA (50) | 40.27 | SELL |
| SMA (50) | 40.19 | BUY |
| EMA (100) | 39.69 | BUY |
| SMA (100) | 40.06 | BUY |
| EMA (200) | 38.18 | BUY |
| SMA (200) | 38.18 | BUY |
About Tema Durable Quality ETF
Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in domestic and foreign, common and preferred stocks of publicly listed companies where the Herfindahl–Hirschman (HHI) index of the market of operation representing more than 50% of the company’s revenue is above 2,500. The fund is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
Average — needs more confirmation before sizing up
SMC — Top Down
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 | BEARISH | 42 |
| ⏱ 15-Min | BEARISH | 56 |
| ⏲ 5-Min | RANGING | 169 |
Momentum & Volume
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.
Peer Movement
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.
Before you act on this
The questions worth asking about any verdict on this page, answered plainly.
Is a fund screened on its name?
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.
What does unrated weight mean?
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.
Does the issuer's board make it compliant?
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.
How often is this re-screened?
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.
Compare with
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 Activity (90d)
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
COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE
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 2026-10-13 · Asset managers net 915835 (+9220)
AI Summary
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.