TVAFXETF / FundThornburg American Opportunities Fund
Verdicts genuinely change. Free email alert the moment TVAFX'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.
Thornburg American Opportunities Fund · THORNBURG INVESTMENT TRUST
44 holdings
NON-COMPLIANT 44.64% of portfolio weight is in non-compliant holdings, over the 5% threshold.
44 holdings, 41 matched (95% of weight). Portfolio as of 2026-06-30, filed 2026-08-24. Source: SEC Form N-PORT.
1.10% of this portfolio’s income is non-permissible — weighted across holdings, computed over 89% of portfolio weight (38 of 44 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.
38.3% compliant 11.7% questionable 44.6% non-compliant 5.4% unscreened
All holdings (44)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| GOOG Alphabet Inc | QUESTIONABLE | 5.51% | AAOIFI2.9% Usmani13.1% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic12.8% MSCI Islamic M-Series4.5% FTSE Shariah10.9% |
| AAPL Apple Inc | COMPLIANT | 4.91% | AAOIFI2.1% Usmani21.5% Dow Jones Islamic2.2% S&P Shariah2.4% MSCI Islamic21.5% MSCI Islamic M-Series2.4% FTSE Shariah21.5% |
| LLY Eli Lilly & Co | COMPLIANT | 4.40% | AAOIFI5.2% Usmani38.6% Dow Jones Islamic6.4% S&P Shariah6.9% MSCI Islamic38.6% MSCI Islamic M-Series6.9% FTSE Shariah38.6% |
| COHR Coherent Corp | COMPLIANT | 4.29% | AAOIFI6.0% Usmani19.3% Dow Jones Islamic12.1% S&P Shariah15.9% MSCI Islamic19.3% MSCI Islamic M-Series15.9% FTSE Shariah17.6% |
| 4680.T Round One Corp | NON_COMPLIANT | 3.96% | AAOIFI55.7% Usmani105.5% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic60.7% MSCI Islamic M-Seriesfail FTSE Shariah60.7% |
| 005930.KS Samsung Electronics Co Ltd | COMPLIANT | 3.88% | AAOIFI1.4% Usmani5.3% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.5% MSCI Islamic M-Seriespass FTSE Shariah4.5% |
| CIGI.TO Colliers International Group Inc | NON_COMPLIANT | 3.40% | AAOIFI42.6% Usmani32.1% Dow Jones Islamic39.7% S&P Shariah41.7% MSCI Islamic31.8% MSCI Islamic M-Series41.7% FTSE Shariah24.2% |
| SCHW Charles Schwab Corp/The | NON_COMPLIANT | 3.37% | AAOIFI14.6% Usmani5.3% Dow Jones Islamic18.7% S&P Shariah22.0% MSCI Islamic5.3% MSCI Islamic M-Series22.0% FTSE Shariah5.3% |
| META Meta Platforms Inc | QUESTIONABLE | 3.32% | AAOIFI7.2% Usmani25.0% Dow Jones Islamic7.0% S&P Shariah7.9% MSCI Islamic25.0% MSCI Islamic M-Series7.9% FTSE Shariah18.6% |
| C Citigroup Inc | NON_COMPLIANT | 3.04% | AAOIFI159.2% Usmani13.8% Dow Jones Islamic214.6% S&P Shariah251.0% MSCI Islamic13.8% MSCI Islamic M-Series251.0% FTSE Shariah13.8% |
| NFLX Netflix Inc | QUESTIONABLE | 2.84% | AAOIFI5.2% Usmani28.5% Dow Jones Islamic4.1% S&P Shariah4.7% MSCI Islamic28.5% MSCI Islamic M-Series4.7% FTSE Shariah24.5% |
| TLN Talen Energy Corp | NON_COMPLIANT | 2.79% | AAOIFI61.3% Usmani63.5% Dow Jones Islamic68.1% S&P Shariah74.8% MSCI Islamic63.5% MSCI Islamic M-Series74.8% FTSE Shariah63.5% |
| LPLA LPL Financial Holdings Inc | NON_COMPLIANT | 2.77% | AAOIFI27.1% Usmani37.7% Dow Jones Islamic28.8% S&P Shariah32.0% MSCI Islamic37.7% MSCI Islamic M-Series32.0% FTSE Shariah37.7% |
| IQV IQVIA Holdings Inc | NON_COMPLIANT | 2.72% | AAOIFI36.7% Usmani55.2% Dow Jones Islamic47.8% S&P Shariah44.8% MSCI Islamic54.4% MSCI Islamic M-Series44.8% FTSE Shariah53.4% |
| AC.MX Arca Continental SAB de CV | COMPLIANT | 2.72% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| Constellation Software Inc/Canada | UNSCREENED | 2.66% | no in-house ratios for this holding |
| SN SharkNinja Inc | COMPLIANT | 2.64% | AAOIFI3.7% Usmani16.3% Dow Jones Islamic5.8% S&P Shariah6.9% MSCI Islamic16.3% MSCI Islamic M-Series6.9% FTSE Shariah12.8% |
| MRX Marex Group PLC | NON_COMPLIANT | 2.31% | AAOIFI3.6% Usmani0.6% Dow Jones Islamic6.9% S&P Shariahfail MSCI Islamic0.6% MSCI Islamic M-Seriesfail FTSE Shariah0.6% |
| UBER Uber Technologies Inc | COMPLIANT | 2.31% | AAOIFI9.5% Usmani22.4% Dow Jones Islamic8.9% S&P Shariah9.6% MSCI Islamic22.4% MSCI Islamic M-Series9.6% FTSE Shariah19.3% |
| LMN.V Lumine Group Inc | COMPLIANT | 2.06% | AAOIFI5.2% Usmani16.1% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic15.6% MSCI Islamic M-Seriespass FTSE Shariah15.6% |
| Thornburg Capital Management Fund | UNSCREENED | 2.04% | no in-house ratios for this holding |
| TRU TransUnion | NON_COMPLIANT | 2.04% | AAOIFI38.2% Usmani47.2% Dow Jones Islamic34.6% S&P Shariah36.4% MSCI Islamic47.2% MSCI Islamic M-Series36.4% FTSE Shariah46.5% |
| BKNG Booking Holdings Inc | COMPLIANT | 2.02% | AAOIFI16.4% Usmani69.7% Dow Jones Islamic13.4% S&P Shariah14.4% MSCI Islamic69.7% MSCI Islamic M-Series14.4% FTSE Shariah68.0% |
| MA Mastercard Inc | COMPLIANT | 2.02% | AAOIFI4.9% Usmani42.7% Dow Jones Islamic37.5% S&P Shariah40.1% MSCI Islamic42.7% MSCI Islamic M-Series40.1% FTSE Shariah42.7% |
| CPX.TO Capital Power Corp | NON_COMPLIANT | 1.80% | AAOIFI70.2% Usmani45.6% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic44.6% MSCI Islamic M-Seriesfail FTSE Shariah44.6% |
| MDT Medtronic PLC | COMPLIANT | 1.76% | AAOIFI24.4% Usmani31.5% Dow Jones Islamic26.4% S&P Shariah27.4% MSCI Islamic31.4% MSCI Islamic M-Series27.4% FTSE Shariah30.2% |
| 0669.HK Techtronic Industries Co Ltd | COMPLIANT | 1.73% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| PGR Progressive Corp/The | NON_COMPLIANT | 1.64% | AAOIFI6.5% Usmani6.7% Dow Jones Islamic6.3% S&P Shariah6.9% MSCI Islamic6.7% MSCI Islamic M-Series6.9% FTSE Shariah6.7% |
| SHEL Shell PLC | NON_COMPLIANT | 1.60% | AAOIFI38.4% Usmani20.4% Dow Jones Islamic17.6% S&P Shariah18.0% MSCI Islamic20.4% MSCI Islamic M-Series18.0% FTSE Shariah20.4% |
| LHX L3Harris Technologies Inc | NON_COMPLIANT | 1.57% | AAOIFI20.0% Usmani22.2% Dow Jones Islamic19.0% S&P Shariah20.8% MSCI Islamic22.2% MSCI Islamic M-Series20.8% FTSE Shariah22.2% |
| DTE.DE Deutsche Telekom AG | NON_COMPLIANT | 1.50% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CCC CCC Intelligent Solutions Holdings Inc | NON_COMPLIANT | 1.47% | AAOIFI34.2% Usmani37.6% Dow Jones Islamic24.8% S&P Shariah22.4% MSCI Islamic37.6% MSCI Islamic M-Series22.4% FTSE Shariah36.0% |
| BLDR Builders FirstSource Inc | NON_COMPLIANT | 1.38% | AAOIFI91.9% Usmani46.3% Dow Jones Islamic41.1% S&P Shariah34.5% MSCI Islamic46.3% MSCI Islamic M-Series34.5% FTSE Shariah40.5% |
| TJX TJX Cos Inc/The | COMPLIANT | 1.37% | AAOIFI10.1% Usmani38.6% Dow Jones Islamic9.4% S&P Shariah10.4% MSCI Islamic38.6% MSCI Islamic M-Series10.4% FTSE Shariah7.7% |
| TEP.PA Teleperformance SE | NON_COMPLIANT | 1.33% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SGI Somnigroup International Inc | NON_COMPLIANT | 1.31% | AAOIFI39.9% Usmani55.2% Dow Jones Islamic45.0% S&P Shariah52.4% MSCI Islamic55.2% MSCI Islamic M-Series52.4% FTSE Shariah38.0% |
| TTE.PA TotalEnergies SE | NON_COMPLIANT | 1.23% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| DECK Deckers Outdoor Corp | COMPLIANT | 1.21% | AAOIFI4.2% Usmani12.2% Dow Jones Islamic2.6% S&P Shariah2.5% MSCI Islamic12.2% MSCI Islamic M-Series2.5% FTSE Shariah0.0% |
| RF Regions Financial Corp | NON_COMPLIANT | 1.11% | AAOIFI29.4% Usmani4.7% Dow Jones Islamic35.1% S&P Shariah38.7% MSCI Islamic4.7% MSCI Islamic M-Series38.7% FTSE Shariah4.7% |
| COF Capital One Financial Corp | NON_COMPLIANT | 1.06% | AAOIFI38.5% Usmani7.6% Dow Jones Islamic49.3% S&P Shariah60.5% MSCI Islamic7.6% MSCI Islamic M-Series60.5% FTSE Shariah7.6% |
| RJF Raymond James Financial Inc | NON_COMPLIANT | 1.03% | AAOIFI2.8% Usmani1.0% Dow Jones Islamic3.1% S&P Shariah3.4% MSCI Islamic1.0% MSCI Islamic M-Series3.4% FTSE Shariah1.0% |
| ADBE Adobe Inc | COMPLIANT | 1.03% | AAOIFI4.5% Usmani22.6% Dow Jones Islamic4.6% S&P Shariah3.8% MSCI Islamic22.6% MSCI Islamic M-Series3.8% FTSE Shariah21.2% |
| SLB Ltd | UNSCREENED | 0.69% | no in-house ratios for this holding |
| TMUS T-Mobile US Inc | NON_COMPLIANT | 0.22% | AAOIFI18.0% Usmani17.5% Dow Jones Islamic14.6% S&P Shariah15.9% MSCI Islamic16.5% MSCI Islamic M-Series15.9% FTSE Shariah2.9% |
The published standards disagree about this fund by 16 points of portfolio weight — 54.5% of it passes Dow Jones Islamic, 38.4% 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 53.4% ratios fail on 41.2% 5.4% not rated under AAOIFI
ratios pass on 47.0% ratios fail on 39.6% 13.4% not rated under Usmani
ratios pass on 54.5% ratios fail on 40.2% 5.4% not rated under Dow Jones Islamic
ratios pass on 54.5% ratios fail on 40.2% 5.4% not rated under S&P Shariah
ratios pass on 38.4% ratios fail on 44.3% 17.3% not rated under MSCI Islamic
ratios pass on 54.5% ratios fail on 40.2% 5.4% not rated under MSCI Islamic M-Series
ratios pass on 50.0% ratios fail on 38.2% 11.8% not rated under FTSE Shariah
41 of 44 listed holdings carry our own per-methodology verdicts (95% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 36 (86% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| 4680.T Round One Corp | 3.96% |
| CIGI.TO Colliers International Group Inc | 3.40% |
| SCHW Charles Schwab Corp/The | 3.37% |
| C Citigroup Inc | 3.04% |
| TLN Talen Energy Corp | 2.79% |
| LPLA LPL Financial Holdings Inc | 2.77% |
| IQV IQVIA Holdings Inc | 2.72% |
| MRX Marex Group PLC | 2.31% |
| TRU TransUnion | 2.04% |
| CPX.TO Capital Power Corp | 1.80% |
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Thornburg American Opportunities Fund (TVAFX) 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.
Screened on its holdings, not its name
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 |
|---|---|---|
| GOOGAlphabet Inc | 5.51% | Questionable |
| AAPLApple Inc | 4.91% | Compliant |
| LLYEli Lilly & Co | 4.40% | Compliant |
| COHRCoherent Corp | 4.29% | Compliant |
| 4680.TRound One Corp | 3.96% | Non-compliant |
| 005930.KSSamsung Electronics Co Ltd | 3.88% | Compliant |
| CIGI.TOColliers International Group Inc | 3.40% | Non-compliant |
| SCHWCharles Schwab Corp/The | 3.37% | Non-compliant |
| METAMeta Platforms Inc | 3.32% | Questionable |
| CCitigroup Inc | 3.04% | Non-compliant |
Top 10 of 44 holdings, 40.1% of the fund by weight. Every holding is screened, not only these.
What holds the number back
The positions keeping this fund short of 100% compliant by weight.
- GOOGquestionable5.51%
- 4680.Tnon-compliant3.96%
- CIGI.TOnon-compliant3.40%
- SCHWnon-compliant3.37%
- METAquestionable3.32%
- Cnon-compliant3.04%
What changed, and when
Verdict history for TVAFX. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
- 2026-09-07 No change recorded No verdict change for TVAFX has been recorded since tracking began. The scan ledger records that the compliance detectors ran, not which symbols each pass covered.
ℹ️ no compliance scan has run for 3 days - this is not a reading of today
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.
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) | 45.50 | NEUTRAL |
| Stochastic %K (14) | 0.00 | BUY |
| CCI (20) | -45.55 | NEUTRAL |
| Williams %R (14) | -100.00 | BUY |
| MACD (12,26,9) | -0.03 | SELL |
| ROC (10) | -0.10 | SELL |
| Momentum (10) | -0.09 | SELL |
| EMA (10) | 90.37 | SELL |
| SMA (10) | 90.65 | SELL |
| EMA (20) | 90.37 | SELL |
| SMA (20) | 90.28 | SELL |
| EMA (30) | 90.40 | SELL |
| SMA (30) | 90.03 | SELL |
| EMA (50) | 90.37 | SELL |
| SMA (50) | 90.90 | SELL |
| EMA (100) | 89.53 | BUY |
| SMA (100) | 89.94 | SELL |
| EMA (200) | 86.85 | BUY |
| SMA (200) | 87.31 | BUY |
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.
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.
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.