EMDVETF / FundProShares MSCI Emerging Markets Dividend Growers ETF
Verdicts genuinely change. Free email alert the moment EMDV'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.
ProShares MSCI Emerging Markets Dividend Growers ETF ETF · ProShares Trust
72 holdings · as of 2026-05-31 (4.8 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.
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 105% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT At least 45.63% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 33% turns out to be. Matching more holdings can only raise this share, never lower it.
72 holdings, 34 matched (68% of weight). Portfolio as of 2026-05-31, filed 2026-07-28. Source: SEC Form N-PORT.
1.38% of this portfolio’s income is non-permissible — weighted across holdings, computed over 51% of portfolio weight (26 of 72 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.
All holdings (72)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| Lotes Co. Ltd. | UNSCREENED | 3.52% | no in-house ratios for this holding |
| Suzhou TFC Optical Communication Co. Ltd. | UNSCREENED | 3.20% | no in-house ratios for this holding |
| 002371.SZ NAURA Technology Group Co. Ltd. | COMPLIANT | 2.92% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 3661.TW Alchip Technologies Ltd. | NON_COMPLIANT | 2.85% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 3231.TW Wistron Corp. | NON_COMPLIANT | 2.63% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 0939.HK China Construction Bank Corp. | NON_COMPLIANT | 2.54% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 3988.HK Bank of China Ltd. | NON_COMPLIANT | 2.45% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 0300.HK Midea Group Co. Ltd. | COMPLIANT | 2.28% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| SHP.JO Shoprite Holdings Ltd. | NON_COMPLIANT | 2.27% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 1398.HK Industrial & Commercial Bank of China Ltd. | NON_COMPLIANT | 2.25% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ISA.CL Interconexion Electrica SA ESP | NON_COMPLIANT | 2.23% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 3328.HK Bank of Communications Co. Ltd. | NON_COMPLIANT | 2.22% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Yealink Network Technology Corp. Ltd. | UNSCREENED | 2.22% | no in-house ratios for this holding |
| 600015.SS Huaxia Bank Co. Ltd. | NON_COMPLIANT | 2.21% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SUNPHARMA.NS Sun Pharmaceutical Industries Ltd. | COMPLIANT | 2.18% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 3968.HK China Merchants Bank Co. Ltd. | NON_COMPLIANT | 2.18% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 2319.HK China Mengniu Dairy Co. Ltd. | NON_COMPLIANT | 2.17% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| Mouwasat Medical Services Co. | UNSCREENED | 2.15% | no in-house ratios for this holding |
| 601668.SS China State Construction Engineering Corp. Ltd. | NON_COMPLIANT | 2.14% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| Repurchase Agreement | UNSCREENED | 2.14% | no in-house ratios for this holding |
| NHPC.NS NHPC Ltd. | NON_COMPLIANT | 2.14% | AAOIFI72.2% Usmani45.9% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic45.5% MSCI Islamic M-Seriesfail FTSE Shariah45.5% |
| 1658.HK Postal Savings Bank of China Co. Ltd. | NON_COMPLIANT | 2.13% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Gulf Development PCL | UNSCREENED | 2.12% | no in-house ratios for this holding |
| 0168.HK Tsingtao Brewery Co. Ltd. | NON_COMPLIANT | 2.10% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| KOFUBL.MX Coca-Cola Femsa SAB de CV | COMPLIANT | 2.09% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| Jiangsu King's Luck Brewery JSC Ltd. | UNSCREENED | 2.08% | no in-house ratios for this holding |
| PIDILITIND.NS Pidilite Industries Ltd. | COMPLIANT | 2.06% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 600050.SS China United Network Communications Ltd. | NON_COMPLIANT | 2.01% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 0788.HK China Tower Corp. Ltd. | NON_COMPLIANT | 1.95% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| HDFCAMC.NS HDFC Asset Management Co. Ltd. | COMPLIANT | 1.94% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| Reinet Investments SCA | UNSCREENED | 1.94% | no in-house ratios for this holding |
| 161390.KS Hankook Tire & Technology Co. Ltd. | NON_COMPLIANT | 1.94% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| PERSISTENT.NS Persistent Systems Ltd. | COMPLIANT | 1.92% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| MPHASIS.BO Mphasis Ltd. | COMPLIANT | 1.92% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| Kweichow Moutai Co. Ltd. | UNSCREENED | 1.87% | no in-house ratios for this holding |
| WEGE3.SA WEG SA | COMPLIANT | 1.84% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| Localiza Rent a Car SA | UNSCREENED | 1.84% | no in-house ratios for this holding |
| ITC.NS ITC Ltd. | NON_COMPLIANT | 1.83% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Wuliangye Yibin Co. Ltd. | UNSCREENED | 1.78% | no in-house ratios for this holding |
| INFY Infosys Ltd. | COMPLIANT | 1.75% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| 0700.HK Tencent Holdings Ltd. | COMPLIANT | 1.74% | AAOIFIpass Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| Luzhou Laojiao Co. Ltd. | UNSCREENED | 1.74% | no in-house ratios for this holding |
| Haci Omer Sabanci Holding A/S | UNSCREENED | 1.74% | no in-house ratios for this holding |
| 2688.HK ENN Energy Holdings Ltd. | NON_COMPLIANT | 1.71% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 600436.SS Zhangzhou Pientzehuang Pharmaceutical Co. Ltd. | COMPLIANT | 1.70% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| SUNDARMFIN.NS Sundaram Finance Ltd. | NON_COMPLIANT | 1.67% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| LTM.NS LTM Ltd. | COMPLIANT | 1.64% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| Yuhan Corp. | UNSCREENED | 1.63% | no in-house ratios for this holding |
| Repurchase Agreement | UNSCREENED | 1.35% | no in-house ratios for this holding |
| Repurchase Agreement | UNSCREENED | 1.01% | no in-house ratios for this holding |
| Repurchase Agreement | UNSCREENED | 0.74% | no in-house ratios for this holding |
| Chinese Renminbi (Yuan) | UNSCREENED | 0.07% | no in-house ratios for this holding |
| Indian Rupee | UNSCREENED | 0.02% | no in-house ratios for this holding |
| New Mexican Pesos | UNSCREENED | 0.02% | no in-house ratios for this holding |
| EURO | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Turkish Lira | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Hong Kong Dollar | UNSCREENED | 0.00% | no in-house ratios for this holding |
| British Pound | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Malaysian Ringgit | UNSCREENED | 0.00% | no in-house ratios for this holding |
| South African Rand | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Kuwaiti Dinar | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Colombian Peso | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Brazilian Real | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Qatari Rial | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Uab Dirham | UNSCREENED | 0.00% | no in-house ratios for this holding |
| New Taiwan Dollar | UNSCREENED | 0.00% | no in-house ratios for this holding |
| South Korea Won | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Hungarian Forint | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Rosneft Oil Co. PJSC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Polyus PJSC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Indonesian Rupiah | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Philippines | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 11 points of portfolio weight — 33.5% of it passes Usmani, 22.5% passes Dow Jones 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 24.2% ratios fail on 45.6% 34.9% not rated under AAOIFI
ratios pass on 33.5% ratios fail on 34.7% 36.7% not rated under Usmani
ratios pass on 22.5% ratios fail on 45.6% 36.7% not rated under Dow Jones Islamic
ratios pass on 24.5% ratios fail on 43.6% 36.7% not rated under S&P Shariah
ratios pass on 24.8% ratios fail on 43.3% 36.7% not rated under MSCI Islamic
ratios pass on 22.5% ratios fail on 45.6% 36.7% not rated under MSCI Islamic M-Series
ratios pass on 32.8% ratios fail on 35.3% 36.7% not rated under FTSE Shariah
34 of 72 listed holdings carry our own per-methodology verdicts (72% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 2 (4% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| 3661.TW Alchip Technologies Ltd. | 2.85% |
| 3231.TW Wistron Corp. | 2.63% |
| 0939.HK China Construction Bank Corp. | 2.54% |
| 3988.HK Bank of China Ltd. | 2.45% |
| SHP.JO Shoprite Holdings Ltd. | 2.27% |
| 1398.HK Industrial & Commercial Bank of China Ltd. | 2.25% |
| ISA.CL Interconexion Electrica SA ESP | 2.23% |
| 3328.HK Bank of Communications Co. Ltd. | 2.22% |
| 600015.SS Huaxia Bank Co. Ltd. | 2.21% |
| 3968.HK China Merchants Bank Co. Ltd. | 2.18% |
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.
ProShares MSCI Emerging Markets Dividend Growers ETF (EMDV) 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 EMDV — 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
Not enough completed daily bars to compute pivots.
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) | 54.70 | NEUTRAL |
| Stochastic %K (14) | 54.80 | NEUTRAL |
| CCI (20) | 46.97 | NEUTRAL |
| Williams %R (14) | -45.20 | NEUTRAL |
| MACD (12,26,9) | 0.06 | BUY |
| ROC (10) | 0.63 | BUY |
| Momentum (10) | 0.30 | BUY |
| EMA (10) | 47.27 | SELL |
| SMA (10) | 47.40 | SELL |
| EMA (20) | 47.03 | BUY |
| SMA (20) | 46.79 | BUY |
| EMA (30) | 46.89 | BUY |
| SMA (30) | 46.58 | BUY |
| EMA (50) | 46.74 | BUY |
| SMA (50) | 46.79 | BUY |
| EMA (100) | 46.52 | BUY |
| SMA (100) | 46.29 | BUY |
| EMA (200) | 46.33 | BUY |
| SMA (200) | 46.28 | BUY |
About ProShares MSCI Emerging Markets Dividend Growers ETF
The fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the index. The index is designed to measure the performance of companies in the index that have consistently increased dividends every year for at least seven years. Under normal circumstances, it will invest at least 80% of its total assets in components of the index or in instruments with similar economic characteristics.
Background via Yahoo Finance — informational, not part of the verdict.
Weak — low conviction, small size or skip
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 | BULLISH | 43 |
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.