Verdicts genuinely change. Free email alert the moment WCMEX'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.
WCM Focused Emerging Markets Fund · INVESTMENT MANAGERS SERIES TRUST
55 holdings
NON-COMPLIANT At least 18.78% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 32% turns out to be. Matching more holdings can only raise this share, never lower it.
55 holdings, 29 matched (68% of weight). Portfolio as of 2026-06-30, filed 2026-08-27. Source: SEC Form N-PORT.
9.09% of this portfolio’s income is non-permissible — weighted across holdings, computed over 60% of portfolio weight (24 of 55 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 |
|---|---|---|---|
| TSM TSMC | COMPLIANT | 17.20% | AAOIFI1.5% Usmani13.8% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic13.4% MSCI Islamic M-Series0.6% FTSE Shariah13.4% |
| 005930.KS Samsung Electronics Co Ltd | COMPLIANT | 6.17% | AAOIFI1.4% Usmani5.3% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.5% MSCI Islamic M-Seriespass FTSE Shariah4.5% |
| 000660.KS SK hynix Inc | COMPLIANT | 4.63% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 402340.KS SK Square Co Ltd | COMPLIANT | 3.80% | AAOIFI0.1% Usmani0.7% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic0.4% MSCI Islamic M-Seriespass FTSE Shariah0.4% |
| 2454.TW MediaTek Inc | COMPLIANT | 3.44% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| TPEIR.AT Piraeus Bank SA | NON_COMPLIANT | 2.89% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BAP Credicorp Ltd | NON_COMPLIANT | 2.75% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 0700.HK Tencent Holdings Ltd | COMPLIANT | 2.73% | AAOIFIpass Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| 005930.KS Samsung Electronics Co Ltd | COMPLIANT | 2.62% | AAOIFI1.4% Usmani5.3% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.5% MSCI Islamic M-Seriespass FTSE Shariah4.5% |
| ZTT | UNSCREENED | 2.42% | no in-house ratios for this holding |
| SE Sea Ltd | COMPLIANT | 2.35% | AAOIFI3.7% Usmani8.8% Dow Jones Islamic3.3% S&P Shariah4.1% MSCI Islamic8.6% MSCI Islamic M-Series4.1% FTSE Shariah3.6% |
| FEDERALBNK.NS Federal Bank Ltd | NON_COMPLIANT | 2.34% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CEMEXCPO.MX Cemex SAB de CV | NON_COMPLIANT | 2.34% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| COPASA | UNSCREENED | 2.07% | no in-house ratios for this holding |
| Cia de Saneamento Basico do Es | UNSCREENED | 2.06% | no in-house ratios for this holding |
| CATL | UNSCREENED | 2.04% | no in-house ratios for this holding |
| PRIO SA/Brazil | UNSCREENED | 2.03% | no in-house ratios for this holding |
| UMB MONEY MARKET II SPECIAL / | UNSCREENED | 1.89% | no in-house ratios for this holding |
| 2301.TW Lite-On Technology Corp | COMPLIANT | 1.87% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| 055550.KS Shinhan Financial Group Co Ltd | NON_COMPLIANT | 1.86% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Jentech Precision Industrial C | UNSCREENED | 1.86% | no in-house ratios for this holding |
| NU Holdings Ltd/Cayman Islands | UNSCREENED | 1.71% | no in-house ratios for this holding |
| Hongfa Technology Co Ltd | UNSCREENED | 1.67% | no in-house ratios for this holding |
| HDFCLIFE.NS HDFC Life Insurance Co Ltd | NON_COMPLIANT | 1.51% | AAOIFI2.7% Usmani0.8% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic0.8% MSCI Islamic M-Seriesfail FTSE Shariah0.8% |
| AEM Holdings Ltd | UNSCREENED | 1.43% | no in-house ratios for this holding |
| Capitec Bank Holdings Ltd | UNSCREENED | 1.42% | no in-house ratios for this holding |
| Topoint Technology Co Ltd | UNSCREENED | 1.27% | no in-house ratios for this holding |
| Kinsus Interconnect Technology | UNSCREENED | 1.22% | no in-house ratios for this holding |
| PING AN | UNSCREENED | 1.18% | no in-house ratios for this holding |
| ICICIBANK.NS ICICI Bank Ltd | NON_COMPLIANT | 1.16% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Largan Precision Co Ltd | UNSCREENED | 1.10% | no in-house ratios for this holding |
| XTB SA | UNSCREENED | 1.09% | no in-house ratios for this holding |
| BABA Alibaba Group Holding Ltd | COMPLIANT | 1.09% | AAOIFI7.6% Usmani1.1% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic1.1% MSCI Islamic M-Series0.2% FTSE Shariah0.0% |
| 3393.HK Wasion Holdings Ltd | COMPLIANT | 1.07% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| PHOENIXLTD.BO Phoenix Mills Ltd/The | COMPLIANT | 0.98% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| Grupo Aeroportuario del Pacifi | UNSCREENED | 0.87% | no in-house ratios for this holding |
| TATACAP.NS Tata Capital Ltd | NON_COMPLIANT | 0.84% | AAOIFI146.0% Usmani78.5% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic78.4% MSCI Islamic M-Seriesfail FTSE Shariah78.4% |
| Kaspi.KZ JSC | UNSCREENED | 0.82% | no in-house ratios for this holding |
| Telkom Indonesia Persero Tbk P | UNSCREENED | 0.80% | no in-house ratios for this holding |
| SHRIRAMFIN.BO Shriram Finance Ltd | NON_COMPLIANT | 0.80% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CPNG Coupang Inc | COMPLIANT | 0.77% | AAOIFI20.5% Usmani32.4% Dow Jones Islamic13.3% S&P Shariah14.3% MSCI Islamic32.4% MSCI Islamic M-Series14.3% FTSE Shariah15.0% |
| Compass Gas e Energia SA | UNSCREENED | 0.77% | no in-house ratios for this holding |
| ST Pharm Co Ltd | UNSCREENED | 0.77% | no in-house ratios for this holding |
| Bupa Arabia for Cooperative In | UNSCREENED | 0.73% | no in-house ratios for this holding |
| Coway Co Ltd | UNSCREENED | 0.60% | no in-house ratios for this holding |
| MLCON.MX Melco Resorts & Entertainment | NON_COMPLIANT | 0.56% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 064350.KS Hyundai Rotem Co Ltd | COMPLIANT | 0.55% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| BBCA.JK Bank Central Asia Tbk PT | NON_COMPLIANT | 0.49% | AAOIFI0.3% Usmani0.2% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic0.2% MSCI Islamic M-Seriesfail FTSE Shariah0.2% |
| BIDU Baidu Inc | NON_COMPLIANT | 0.47% | AAOIFI156.9% Usmani11.2% Dow Jones Islamic2.5% S&P Shariah2.5% MSCI Islamic11.2% MSCI Islamic M-Series2.5% FTSE Shariah9.5% |
| BMRI.JK Bank Mandiri Persero Tbk PT | NON_COMPLIANT | 0.39% | AAOIFI56.2% Usmani7.7% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic7.7% MSCI Islamic M-Seriesfail FTSE Shariah7.7% |
| PDD PDD Holdings Inc | NON_COMPLIANT | 0.38% | AAOIFI0.7% Usmani0.9% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.9% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| MEESHO.NS Meesho Ltd | COMPLIANT | 0.27% | AAOIFI0.1% Usmani1.6% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic0.8% MSCI Islamic M-Seriespass FTSE Shariah0.8% |
| INDIAN RUPIES / | UNSCREENED | 0.11% | no in-house ratios for this holding |
| Fadu Inc | UNSCREENED | 0.08% | no in-house ratios for this holding |
| Moscow Exchange MICEX-RTS PJSC | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 28 points of portfolio weight — 48.4% of it passes AAOIFI, 20.8% 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 48.4% ratios fail on 19.9% 32.0% not rated under AAOIFI
ratios pass on 22.4% ratios fail on 40.6% 37.3% not rated under Usmani
ratios pass on 44.6% ratios fail on 19.9% 35.8% not rated under Dow Jones Islamic
ratios pass on 44.6% ratios fail on 19.9% 35.8% not rated under S&P Shariah
ratios pass on 20.8% ratios fail on 43.7% 35.8% not rated under MSCI Islamic
ratios pass on 44.6% ratios fail on 19.9% 35.8% not rated under MSCI Islamic M-Series
ratios pass on 24.2% ratios fail on 40.3% 35.8% not rated under FTSE Shariah
28 of 55 listed holdings carry our own per-methodology verdicts (68% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 13 (38% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| TPEIR.AT Piraeus Bank SA | 2.89% |
| BAP Credicorp Ltd | 2.75% |
| FEDERALBNK.NS Federal Bank Ltd | 2.34% |
| CEMEXCPO.MX Cemex SAB de CV | 2.34% |
| 055550.KS Shinhan Financial Group Co Ltd | 1.86% |
| HDFCLIFE.NS HDFC Life Insurance Co Ltd | 1.51% |
| ICICIBANK.NS ICICI Bank Ltd | 1.16% |
| TATACAP.NS Tata Capital Ltd | 0.84% |
| SHRIRAMFIN.BO Shriram Finance Ltd | 0.80% |
| MLCON.MX Melco Resorts & Entertainment | 0.56% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
WCM Focused Emerging Markets Fund (WCMEX) 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 |
|---|---|---|
| TSMTSMC | 17.20% | Compliant |
| 005930.KSSamsung Electronics Co Ltd | 6.17% | Compliant |
| 000660.KSSK hynix Inc | 4.63% | Compliant |
| 402340.KSSK Square Co Ltd | 3.80% | Compliant |
| 2454.TWMediaTek Inc | 3.44% | Compliant |
| TPEIR.ATPiraeus Bank SA | 2.89% | Non-compliant |
| BAPCredicorp Ltd | 2.75% | Non-compliant |
| 0700.HKTencent Holdings Ltd | 2.73% | Compliant |
| 005930.KSSamsung Electronics Co Ltd | 2.62% | Compliant |
| ZTTnot matched to a ticker | 2.42% | Not screened |
Top 10 of 55 holdings, 48.6% 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 WCMEX. 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) | 35.10 | NEUTRAL |
| Stochastic %K (14) | 10.25 | BUY |
| CCI (20) | -161.89 | BUY |
| Williams %R (14) | -89.75 | BUY |
| MACD (12,26,9) | -0.22 | SELL |
| ROC (10) | -8.65 | SELL |
| Momentum (10) | -2.19 | SELL |
| EMA (10) | 23.79 | SELL |
| SMA (10) | 24.07 | SELL |
| EMA (20) | 24.10 | SELL |
| SMA (20) | 24.35 | SELL |
| EMA (30) | 24.19 | SELL |
| SMA (30) | 24.37 | SELL |
| EMA (50) | 24.16 | SELL |
| SMA (50) | 24.31 | SELL |
| EMA (100) | 23.76 | SELL |
| SMA (100) | 24.05 | SELL |
| EMA (200) | 22.54 | BUY |
| SMA (200) | 22.63 | 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.