NBDSETF / FundNeuberger Disrupters ETF
Verdicts genuinely change. Free email alert the moment NBDS'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.
Neuberger Disrupters ETF ETF · Neuberger Berman ETF Trust
33 holdings · as of 2026-08-31 (2.1 months ago)
NON-COMPLIANT 10.87% of portfolio weight is in non-compliant holdings, over the 5% threshold.
33 holdings, 29 matched (88% of weight). Portfolio as of 2026-08-31, filed 2026-10-28. Source: SEC Form N-PORT.
4.05% of this portfolio’s income is non-permissible — weighted across holdings, computed over 85% of portfolio weight (27 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.
72.6% compliant 5.0% questionable 10.9% non-compliant 11.6% unscreened
All holdings (33)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| NVDA NVIDIA Corp | COMPLIANT | 7.43% | AAOIFI1.1% Usmani12.1% Dow Jones Islamic0.9% S&P Shariah1.1% MSCI Islamic12.1% MSCI Islamic M-Series1.1% FTSE Shariah10.4% |
| Definium Therapeutics Inc | UNSCREENED | 4.96% | no in-house ratios for this holding |
| AMD Advanced Micro Devices Inc | COMPLIANT | 4.86% | AAOIFI0.5% Usmani5.1% Dow Jones Islamic1.2% S&P Shariah1.3% MSCI Islamic5.1% MSCI Islamic M-Series1.3% FTSE Shariah3.8% |
| SNOW Snowflake Inc | COMPLIANT | 4.76% | AAOIFI0.4% Usmani5.5% Dow Jones Islamic0.7% S&P Shariah0.8% MSCI Islamic5.5% MSCI Islamic M-Series0.8% FTSE Shariah0.0% |
| PTGX Protagonist Therapeutics Inc | NON_COMPLIANT | 4.45% | AAOIFI0.1% Usmani1.0% Dow Jones Islamic0.2% S&P Shariah0.3% MSCI Islamic1.0% MSCI Islamic M-Series0.3% FTSE Shariah0.0% |
| GKOS Glaukos Corp | COMPLIANT | 4.10% | AAOIFI0.9% Usmani17.3% Dow Jones Islamic1.4% S&P Shariah1.5% MSCI Islamic10.0% MSCI Islamic M-Series1.5% FTSE Shariah6.2% |
| ASML ASML Holding NV | COMPLIANT | 4.02% | AAOIFI0.8% Usmani8.7% Dow Jones Islamic1.3% S&P Shariah1.4% MSCI Islamic8.7% MSCI Islamic M-Series1.4% FTSE Shariah8.7% |
| CEG Constellation Energy Corp | COMPLIANT | 3.85% | AAOIFI18.4% Usmani19.8% Dow Jones Islamic20.8% S&P Shariah24.7% MSCI Islamic19.8% MSCI Islamic M-Series24.7% FTSE Shariah19.8% |
| SHOP Shopify Inc | COMPLIANT | 3.72% | AAOIFI0.1% Usmani1.2% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic1.2% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| MPWR Monolithic Power Systems Inc | COMPLIANT | 3.61% | AAOIFI0.0% Usmani0.4% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.4% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| HOOD Robinhood Markets Inc | NON_COMPLIANT | 3.59% | AAOIFI0.2% Usmani0.4% Dow Jones Islamic0.3% S&P Shariah0.4% MSCI Islamic0.4% MSCI Islamic M-Series0.4% FTSE Shariah0.0% |
| NOW ServiceNow Inc | COMPLIANT | 3.26% | AAOIFI6.1% Usmani26.7% Dow Jones Islamic5.0% S&P Shariah5.3% MSCI Islamic26.7% MSCI Islamic M-Series5.3% FTSE Shariah23.7% |
| AVGO Broadcom Inc | COMPLIANT | 2.84% | AAOIFI3.8% Usmani32.5% Dow Jones Islamic4.4% S&P Shariah5.5% MSCI Islamic32.5% MSCI Islamic M-Series5.5% FTSE Shariah32.5% |
| HEI HEICO Corp | COMPLIANT | 2.84% | AAOIFI5.8% Usmani25.6% Dow Jones Islamic31.9% S&P Shariah36.0% MSCI Islamic25.6% MSCI Islamic M-Series36.0% FTSE Shariah25.6% |
| SPOT Spotify Technology SA | NON_COMPLIANT | 2.83% | AAOIFI1.6% Usmani9.7% Dow Jones Islamic1.5% S&P Shariah1.9% MSCI Islamic9.7% MSCI Islamic M-Series1.9% FTSE Shariah9.7% |
| TTAN ServiceTitan Inc | COMPLIANT | 2.73% | AAOIFI2.7% Usmani8.5% Dow Jones Islamic1.7% S&P Shariahpass MSCI Islamic8.5% MSCI Islamic M-Seriespass FTSE Shariah5.8% |
| RKLB Rocket Lab Corp | COMPLIANT | 2.71% | AAOIFI0.3% Usmani2.9% Dow Jones Islamic0.4% S&P Shariah0.6% MSCI Islamic2.5% MSCI Islamic M-Series0.6% FTSE Shariah0.0% |
| AMZN Amazon.com Inc | QUESTIONABLE | 2.68% | AAOIFI8.2% Usmani22.1% Dow Jones Islamic9.6% S&P Shariah10.6% MSCI Islamic20.9% MSCI Islamic M-Series10.6% FTSE Shariah12.1% |
| State Street Global Advisors | UNSCREENED | 2.65% | no in-house ratios for this holding |
| ISRG Intuitive Surgical Inc | COMPLIANT | 2.63% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| LITE Lumentum Holdings Inc | COMPLIANT | 2.61% | AAOIFI1.9% Usmani22.9% Dow Jones Islamic6.7% S&P Shariah9.4% MSCI Islamic22.9% MSCI Islamic M-Series9.4% FTSE Shariah22.4% |
| WDC Western Digital Corp | COMPLIANT | 2.36% | AAOIFI0.9% Usmani8.6% Dow Jones Islamic1.6% S&P Shariah2.1% MSCI Islamic8.6% MSCI Islamic M-Series2.1% FTSE Shariah7.6% |
| RDDT Reddit Inc | QUESTIONABLE | 2.28% | AAOIFI0.1% Usmani0.6% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.6% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| CVNA Carvana Co | COMPLIANT | 2.25% | AAOIFI6.8% Usmani38.2% Dow Jones Islamic8.2% S&P Shariah10.9% MSCI Islamic38.2% MSCI Islamic M-Series10.9% FTSE Shariah35.5% |
| TW Tradeweb Markets Inc | COMPLIANT | 2.18% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| CIEN Ciena Corp | COMPLIANT | 2.07% | AAOIFI6.7% Usmani41.1% Dow Jones Islamic10.4% S&P Shariah14.0% MSCI Islamic41.0% MSCI Islamic M-Series14.0% FTSE Shariah40.4% |
| BE Bloom Energy Corp | COMPLIANT | 2.03% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| Vanguard Morningstar Growth ETF | UNSCREENED | 2.00% | no in-house ratios for this holding |
| VanEck Semiconductor ETF | UNSCREENED | 1.97% | no in-house ratios for this holding |
| TSLA Tesla Inc | COMPLIANT | 1.56% | AAOIFI1.1% Usmani10.8% Dow Jones Islamic1.3% S&P Shariah1.5% MSCI Islamic10.6% MSCI Islamic M-Series1.5% FTSE Shariah6.1% |
| ARM ARM Holdings PLC | COMPLIANT | 1.50% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| UBER Uber Technologies Inc | COMPLIANT | 1.42% | AAOIFI9.5% Usmani22.4% Dow Jones Islamic8.9% S&P Shariah9.6% MSCI Islamic22.4% MSCI Islamic M-Series9.6% FTSE Shariah19.3% |
| NVMI Nova Ltd | UNRATED | 1.26% | AAOIFI7.6% Usmani33.9% Dow Jones Islamic8.4% S&P Shariah10.0% MSCI Islamic33.9% MSCI Islamic M-Series10.0% FTSE Shariah31.0% |
The published standards disagree about this fund by 23 points of portfolio weight — 70.4% of it passes AAOIFI, 47.1% 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 70.4% ratios fail on 8.0% 21.6% not rated under AAOIFI
ratios pass on 48.5% ratios fail on 27.8% 23.7% not rated under Usmani
ratios pass on 70.4% ratios fail on 8.0% 21.6% not rated under Dow Jones Islamic
ratios pass on 67.6% ratios fail on 8.0% 24.4% not rated under S&P Shariah
ratios pass on 47.1% ratios fail on 31.4% 21.6% not rated under MSCI Islamic
ratios pass on 67.6% ratios fail on 8.0% 24.4% not rated under MSCI Islamic M-Series
ratios pass on 51.9% ratios fail on 26.5% 21.6% not rated under FTSE Shariah
29 of 33 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, 27 (85% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
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.
Neuberger Disrupters ETF (NBDS) 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.
Still fetching analyst coverage — it ran past this page's budget, so the page painted without waiting. The fetch is still running; reload in a moment and it will be here.
🕌 In-house Compliance Research
Computing the full ratio and business-activity breakdown for NBDS — 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) | 40.90 | NEUTRAL |
| Stochastic %K (14) | 46.03 | NEUTRAL |
| CCI (20) | -90.58 | NEUTRAL |
| Williams %R (14) | -53.97 | NEUTRAL |
| MACD (12,26,9) | -0.14 | SELL |
| ROC (10) | -2.43 | SELL |
| Momentum (10) | -0.95 | SELL |
| EMA (10) | 38.98 | SELL |
| SMA (10) | 39.05 | SELL |
| EMA (20) | 39.49 | SELL |
| SMA (20) | 39.72 | SELL |
| EMA (30) | 39.78 | SELL |
| SMA (30) | 40.24 | SELL |
| EMA (50) | 40.02 | SELL |
| SMA (50) | 40.29 | SELL |
| EMA (100) | 39.76 | SELL |
| SMA (100) | 40.52 | SELL |
| EMA (200) | 37.94 | BUY |
| SMA (200) | 37.53 | BUY |
About Neuberger Disrupters ETF
Under normal market conditions, the fund will invest at least 80% of its total assets in a concentrated portfolio of equity securities issued by U.S. and foreign (non-U.S.) companies, including companies located in emerging markets, of any market capitalization, that are pursuing disruptive growth agendas (“disrupters”). The Managers define “disrupters” as companies at various growth stages that, in the Portfolio Managers’ view, are generating or pursuing new opportunities by disrupting existing markets or creating new markets. The fund is non-diversified.
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 | BEARISH | 41 |
| ⏱ 15-Min | RANGING | 34 |
| ⏲ 5-Min | RANGING | 102 |
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.
Still fetching insider filings — it ran past this page's budget, so the page painted without waiting. The fetch is still running; reload in a moment and it will be here.
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 2026-10-27 · Asset managers net 923449 (+22072)
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.