Verdicts genuinely change. Free email alert the moment WAFMX'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.
Wasatch Frontier Emerging Small Countries Fund · WASATCH FUNDS TRUST
33 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 39.74% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 39% turns out to be. Matching more holdings can only raise this share, never lower it.
33 holdings, 20 matched (62% of weight). Portfolio as of 2026-06-30, filed 2026-08-26. Source: SEC Form N-PORT.
0.94% of this portfolio’s income is non-permissible — weighted across holdings, computed over 37% of portfolio weight (13 of 33 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.
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 |
|---|---|---|---|
| International Container Terminal Services Inc | UNSCREENED | 7.51% | no in-house ratios for this holding |
| Rasan Information Technology Co | UNSCREENED | 6.58% | no in-house ratios for this holding |
| CGEO.L Georgia Capital PLC | NON_COMPLIANT | 6.53% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BAP Credicorp Ltd | NON_COMPLIANT | 6.09% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Electrical Industries Co | UNSCREENED | 5.31% | no in-house ratios for this holding |
| NVMI Nova Ltd | UNRATED | 5.16% | AAOIFI6.8% Usmani33.9% Dow Jones Islamic8.7% S&P Shariah10.3% MSCI Islamic33.9% MSCI Islamic M-Series10.3% FTSE Shariah31.0% |
| DSY.JO Discovery Ltd | NON_COMPLIANT | 4.69% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| MBB.VN Military Commercial Joint Stock Bank | NON_COMPLIANT | 4.58% | AAOIFI136.9% Usmani15.8% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic15.8% MSCI Islamic M-Seriesfail FTSE Shariah15.8% |
| Camtek Ltd/Israel | UNSCREENED | 4.43% | no in-house ratios for this holding |
| TLV.RO Banca Transilvania SA | NON_COMPLIANT | 4.37% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ASELS.IS Aselsan Elektronik Sanayi Ve Ticaret AS | NON_COMPLIANT | 3.98% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CHOLAFIN.BO Cholamandalam Investment and Finance Co Ltd | NON_COMPLIANT | 3.36% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BFT.WA Benefit Systems SA | COMPLIANT | 3.31% | AAOIFIpass Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Astor Transformator Enerji Turizm Insaat Ve Petrol Sanayi Ticaret AS | UNSCREENED | 2.94% | no in-house ratios for this holding |
| Safaricom PLC | UNSCREENED | 2.69% | no in-house ratios for this holding |
| BAJFINANCE.NS Bajaj Finance Ltd | NON_COMPLIANT | 2.68% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| FN Fabrinet | COMPLIANT | 2.38% | AAOIFI0.0% Usmani0.1% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.1% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| CENER.BR Cenergy Holdings SA | COMPLIANT | 2.35% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| KRI.AT Kri-Kri Milk Industry SA | COMPLIANT | 2.14% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| MELI MercadoLibre Inc | COMPLIANT | 2.06% | AAOIFI20.1% Usmani38.5% Dow Jones Islamic19.0% S&P Shariah20.6% MSCI Islamic38.3% MSCI Islamic M-Series20.6% FTSE Shariah33.3% |
| Theon International PLC | UNSCREENED | 1.96% | no in-house ratios for this holding |
| HDB.VN Ho Chi Minh City Development Joint Stock Commercial Bank | NON_COMPLIANT | 1.95% | AAOIFI94.9% Usmani14.0% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic14.0% MSCI Islamic M-Seriesfail FTSE Shariah14.0% |
| TDPOWERSYS.BO TD Power Systems Ltd | COMPLIANT | 1.88% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| Commercial International Bank - Egypt (CIB) | UNSCREENED | 1.88% | no in-house ratios for this holding |
| TBBB BBB Foods Inc | COMPLIANT | 1.76% | AAOIFI39.1% Usmani7.4% Dow Jones Islamic3.7% S&P Shariah3.9% MSCI Islamic7.4% MSCI Islamic M-Series3.9% FTSE Shariah7.4% |
| Edarat Communication & Information Technology Co | UNSCREENED | 1.61% | no in-house ratios for this holding |
| TCB.VN Vietnam Technological & Commercial Joint Stock Bank | NON_COMPLIANT | 1.53% | AAOIFI123.9% Usmani23.5% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic23.5% MSCI Islamic M-Seriesfail FTSE Shariah23.5% |
| U Consumer Finance | UNSCREENED | 1.22% | no in-house ratios for this holding |
| NU Holdings Ltd/Cayman Islands | UNSCREENED | 1.16% | no in-house ratios for this holding |
| Qualitas Controladora SAB de CV | UNSCREENED | 0.89% | no in-house ratios for this holding |
| SE Sea Ltd | COMPLIANT | 0.86% | AAOIFI3.7% Usmani8.8% Dow Jones Islamic3.3% S&P Shariah4.1% MSCI Islamic8.6% MSCI Islamic M-Series4.1% FTSE Shariah3.6% |
| GAPB.MX Grupo Aeroportuario del Pacifico SAB de CV | COMPLIANT | 0.65% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| FPT DIGITAL RETAIL JSC | UNSCREENED | 0.51% | no in-house ratios for this holding |
The published standards disagree about this fund by 16 points of portfolio weight — 20.8% of it passes AAOIFI, 4.5% 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 20.8% ratios fail on 41.5% 38.7% not rated under AAOIFI
ratios pass on 8.8% ratios fail on 49.7% 42.5% not rated under Usmani
ratios pass on 17.5% ratios fail on 43.1% 40.5% not rated under Dow Jones Islamic
ratios pass on 17.5% ratios fail on 43.1% 40.5% not rated under S&P Shariah
ratios pass on 4.5% ratios fail on 54.0% 42.5% not rated under MSCI Islamic
ratios pass on 17.5% ratios fail on 43.1% 40.5% not rated under MSCI Islamic M-Series
ratios pass on 13.9% ratios fail on 44.6% 42.5% not rated under FTSE Shariah
20 of 33 listed holdings carry our own per-methodology verdicts (62% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 8 (20% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| CGEO.L Georgia Capital PLC | 6.53% |
| BAP Credicorp Ltd | 6.09% |
| DSY.JO Discovery Ltd | 4.69% |
| MBB.VN Military Commercial Joint Stock Bank | 4.58% |
| TLV.RO Banca Transilvania SA | 4.37% |
| ASELS.IS Aselsan Elektronik Sanayi Ve Ticaret AS | 3.98% |
| CHOLAFIN.BO Cholamandalam Investment and Finance Co Ltd | 3.36% |
| BAJFINANCE.NS Bajaj Finance Ltd | 2.68% |
| HDB.VN Ho Chi Minh City Development Joint Stock Commercial Bank | 1.95% |
| TCB.VN Vietnam Technological & Commercial Joint Stock Bank | 1.53% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Wasatch Frontier Emerging Small Countries Fund (WAFMX) 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 |
|---|---|---|
| International Container Terminal Services Incnot matched to a ticker | 7.51% | Not screened |
| Rasan Information Technology Conot matched to a ticker | 6.58% | Not screened |
| CGEO.LGeorgia Capital PLC | 6.53% | Non-compliant |
| BAPCredicorp Ltd | 6.09% | Non-compliant |
| Electrical Industries Conot matched to a ticker | 5.31% | Not screened |
| NVMINova Ltd | 5.16% | Screened, not rated |
| DSY.JODiscovery Ltd | 4.69% | Non-compliant |
| MBB.VNMilitary Commercial Joint Stock Bank | 4.58% | Non-compliant |
| Camtek Ltd/Israelnot matched to a ticker | 4.43% | Not screened |
| TLV.ROBanca Transilvania SA | 4.37% | Non-compliant |
Top 10 of 33 holdings, 55.3% 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 WAFMX. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
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.
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) | 41.70 | NEUTRAL |
| Stochastic %K (14) | 31.25 | NEUTRAL |
| CCI (20) | -56.83 | NEUTRAL |
| Williams %R (14) | -68.75 | NEUTRAL |
| MACD (12,26,9) | -0.00 | SELL |
| ROC (10) | -1.97 | SELL |
| Momentum (10) | -0.07 | SELL |
| EMA (10) | 3.50 | SELL |
| SMA (10) | 3.48 | BUY |
| EMA (20) | 3.53 | SELL |
| SMA (20) | 3.53 | SELL |
| EMA (30) | 3.57 | SELL |
| SMA (30) | 3.58 | SELL |
| EMA (50) | 3.61 | SELL |
| SMA (50) | 3.65 | SELL |
| EMA (100) | 3.64 | SELL |
| SMA (100) | 3.67 | SELL |
| EMA (200) | 3.66 | SELL |
| SMA (200) | 3.68 | 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.