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NFLTETF / FundVirtus Newfleet Multi-Sector Bond ETF

$22.36 last close 2026-11-09
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Sharia status
NOT COMPLIANT
Screened by look-through to its filed holdings — 35% of portfolio weight covered
Fund look-through

Virtus Newfleet Multi-Sector Bond ETF · ETFis Series Trust I

1,101 holdings

NON-COMPLIANT At least 31.10% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 63% turns out to be. Matching more holdings can only raise this share, never lower it.

10.45% of that is conventional interest-bearing debt, identified from the fund's own filing rather than by screening an issuer. Sukuk are deliberately excluded from this test and are never counted here.

1,101 holdings, 292 matched (35% of weight). Portfolio as of 2026-07-31, filed 2026-09-29. Source: SEC Form N-PORT.

9.43% of this portfolio’s income is non-permissible — weighted across holdings, computed over 14% of portfolio weight (207 of 1101 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 (1,101) · showing 1–250
HoldingStatusWeightEvery methodology, and the debt ratio behind it
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT NON_COMPLIANT 1.55% no in-house ratios for this holding
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT NON_COMPLIANT 1.31% no in-house ratios for this holding
FMCC FEDERAL HOME LOAN MORTGAGE CORP NON_COMPLIANT 1.18% AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT NON_COMPLIANT 0.94% no in-house ratios for this holding
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT NON_COMPLIANT 0.92% no in-house ratios for this holding
FEDERAL NATIONAL MORTGAGE ASSOCIATION NON_COMPLIANT 0.86% no in-house ratios for this holding
FEDERAL NATIONAL MORTGAGE ASSOCIATION NON_COMPLIANT 0.83% no in-house ratios for this holding
SPDR SERIES TRUST UNSCREENED 0.64% no in-house ratios for this holding
FMCC FEDERAL HOME LOAN MORTGAGE CORP NON_COMPLIANT 0.64% AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1%
Fnma Pass-Thru I NON_COMPLIANT 0.61% no in-house ratios for this holding
FMCC FEDERAL HOME LOAN MORTGAGE CORP NON_COMPLIANT 0.59% AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1%
SOUTH AFRICA, REPUBLIC OF - NATIONAL TREASURY UNSCREENED 0.56% no in-house ratios for this holding
CZECH, REPUBLIC - MINISTRY OF FINANCE UNSCREENED 0.56% no in-house ratios for this holding
MALAYSIA, FEDERATION OF UNSCREENED 0.56% no in-house ratios for this holding
FMCC FEDERAL HOME LOAN MORTGAGE CORP NON_COMPLIANT 0.56% AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1%
FEDERAL NATIONAL MORTGAGE ASSOCIATION NON_COMPLIANT 0.51% no in-house ratios for this holding
FMCC Federal Home Loan Mortgage Corp. NON_COMPLIANT 0.49% AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1%
FMCC FEDERAL HOME LOAN MORTGAGE CORP NON_COMPLIANT 0.48% AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1%
FMCC FEDERAL HOME LOAN MORTGAGE CORP NON_COMPLIANT 0.46% AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1%
FMCC Federal Home Loan Mortgage Corp. NON_COMPLIANT 0.46% AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1%
FMCC Federal Home Loan Mortgage Corp. NON_COMPLIANT 0.45% AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT NON_COMPLIANT 0.41% no in-house ratios for this holding
UNITED MEXICAN STATES - SECRETARIA DE HACIENDA Y CREDITO PUBLICO UNSCREENED 0.41% no in-house ratios for this holding
Federal National Mortgage Association NON_COMPLIANT 0.39% no in-house ratios for this holding
FMCC FEDERAL HOME LOAN MORTGAGE CORP NON_COMPLIANT 0.38% AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1%
FEDERAL NATIONAL MORTGAGE ASSOCIATION NON_COMPLIANT 0.34% no in-house ratios for this holding
HARDEE'S FUNDING LLC UNSCREENED 0.33% no in-house ratios for this holding
FEDERAL NATIONAL MORTGAGE ASSOCIATION NON_COMPLIANT 0.33% no in-house ratios for this holding
DOMINICAN, REPUBLIC OF - MINISTERIO DE HACIENDA UNSCREENED 0.31% no in-house ratios for this holding
AXP AMERICAN EXPRESS COMPANY NON_COMPLIANT 0.30% AAOIFI26.8% Usmani19.2% Dow Jones Islamic27.4% S&P Shariah30.8% MSCI Islamic19.2% MSCI Islamic M-Series30.8% FTSE Shariah19.2%
OBX 2026-R3 TRUST UNSCREENED 0.30% no in-house ratios for this holding
TOWD POINT MORTGAGE TRUST 2017-4 UNSCREENED 0.30% no in-house ratios for this holding
BRAZIL, FEDERATIVE REPUBLIC OF - SECRETARIA DO TESOURO NACIONAL UNSCREENED 0.29% no in-house ratios for this holding
COLOMBIA, REPUBLIC OF - MINISTERO DE HACIENDA Y CREDITO PUBLICO UNSCREENED 0.29% no in-house ratios for this holding
INDONESIA, REPUBLIC OF - MINISTRY OF FINANCE UNSCREENED 0.28% no in-house ratios for this holding
BRAZIL, FEDERATIVE REPUBLIC OF - SECRETARIA DO TESOURO NACIONAL UNSCREENED 0.27% no in-house ratios for this holding
BAC BANK OF AMERICA CORP NON_COMPLIANT 0.26% AAOIFI77.5% Usmani9.7% Dow Jones Islamic95.9% S&P Shariah105.7% MSCI Islamic9.7% MSCI Islamic M-Series105.7% FTSE Shariah9.7%
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION NON_COMPLIANT 0.26% no in-house ratios for this holding
HUDSON YARDS 2026-10HY MORTGAGE TRUST UNSCREENED 0.26% no in-house ratios for this holding
CENT TRUST 2025-CITY UNSCREENED 0.26% no in-house ratios for this holding
ZAXBYS FUNDING LLC UNSCREENED 0.26% no in-house ratios for this holding
FS TRUST 2026-ORL UNSCREENED 0.25% no in-house ratios for this holding
MFA 2025-NQM1 TRUST UNSCREENED 0.25% no in-house ratios for this holding
FEDERAL NATIONAL MORTGAGE ASSOCIATION NON_COMPLIANT 0.25% no in-house ratios for this holding
TURKEY, REPUBLIC OF UNDERSECRETARIAT OF TREASURY UNSCREENED 0.24% no in-house ratios for this holding
XRAY DENTSPLY SIRONA INC NON_COMPLIANT 0.24% AAOIFI84.0% Usmani44.4% Dow Jones Islamic79.7% S&P Shariah58.9% MSCI Islamic44.4% MSCI Islamic M-Series58.9% FTSE Shariah42.7%
ALLY ALLY FINANCIAL INC NON_COMPLIANT 0.24% AAOIFI128.2% Usmani8.5% Dow Jones Islamic145.1% S&P Shariah153.2% MSCI Islamic8.5% MSCI Islamic M-Series153.2% FTSE Shariah8.5%
ATLAS WAREHOUSE LENDING COMPANY LP UNSCREENED 0.24% no in-house ratios for this holding
RIO GRANDE LNG LLC UNSCREENED 0.24% no in-house ratios for this holding
CHILE, REPUBLIC OF - MINISTRY OF FINANCE UNSCREENED 0.23% no in-house ratios for this holding
LOBEL AUTOMOBILE RECEIVABLES TRUST 2026-1 UNSCREENED 0.23% no in-house ratios for this holding
BRAZIL, FEDERATIVE REPUBLIC OF - SECRETARIA DO TESOURO NACIONAL UNSCREENED 0.23% no in-house ratios for this holding
NMR TRUST 2026-CGCTR UNSCREENED 0.23% no in-house ratios for this holding
VSP OPTICAL GROUP INC UNSCREENED 0.23% no in-house ratios for this holding
TOWD POINT MORTGAGE TRUST 2016-1 UNSCREENED 0.23% no in-house ratios for this holding
NAB.AX NATIONAL AUSTRALIA BANK LTD NON_COMPLIANT 0.23% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT NON_COMPLIANT 0.23% no in-house ratios for this holding
ISHARES TRUST UNSCREENED 0.23% no in-house ratios for this holding
ARGENTINA, REPUBLIC OF - SUBSECRETARIA DE FINANCIAMIENTO UNSCREENED 0.23% no in-house ratios for this holding
HASI HA SUSTAINABLE INFRASTRUCTURE CAPITAL INC NON_COMPLIANT 0.22% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
APA APA CORP COMPLIANT 0.22% AAOIFI25.9% Usmani21.6% Dow Jones Islamic42.6% S&P Shariah41.4% MSCI Islamic21.6% MSCI Islamic M-Series41.4% FTSE Shariah20.8%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT NON_COMPLIANT 0.22% no in-house ratios for this holding
FG F&G ANNUITIES & LIFE INC NON_COMPLIANT 0.22% AAOIFI68.3% Usmani2.2% Dow Jones Islamic52.6% S&P Shariah51.3% MSCI Islamic2.2% MSCI Islamic M-Series51.3% FTSE Shariah2.2%
EXETER AUTOMOBILE RECEIVABLES TRUST 2013-2 UNSCREENED 0.22% no in-house ratios for this holding
JP MORGAN MORTGAGE TRUST 2026-ACES1 UNSCREENED 0.22% no in-house ratios for this holding
PETROLEOS DE VENEZUELA SA UNSCREENED 0.22% no in-house ratios for this holding
ALA TRUST 2025-OANA UNSCREENED 0.22% no in-house ratios for this holding
TESLA SUSTAINABLE ENERGY TRUST 2024-1 UNSCREENED 0.22% no in-house ratios for this holding
PMT LOAN TRUST 2025-INV3 UNSCREENED 0.22% no in-house ratios for this holding
SUBWAY FUNDING LLC UNSCREENED 0.22% no in-house ratios for this holding
LXU LSB INDUSTRIES INC NON_COMPLIANT 0.22% AAOIFI59.7% Usmani39.7% Dow Jones Islamic72.4% S&P Shariah73.8% MSCI Islamic39.7% MSCI Islamic M-Series73.8% FTSE Shariah36.0%
NYC COMMERCIAL MORTGAGE TRUST 2025-300P UNSCREENED 0.22% no in-house ratios for this holding
BAX BAXTER INTERNATIONAL INC NON_COMPLIANT 0.22% AAOIFI1.6% Usmani1.1% Dow Jones Islamic1.6% S&P Shariah1.4% MSCI Islamic1.1% MSCI Islamic M-Series1.4% FTSE Shariah0.0%
FEDERAL NATIONAL MORTGAGE ASSOCIATION NON_COMPLIANT 0.22% no in-house ratios for this holding
WEC US Holdings Ltd. UNSCREENED 0.21% no in-house ratios for this holding
AUXILIOR TERMINAL FUNDING 2026-1 LLC UNSCREENED 0.21% no in-house ratios for this holding
MAPS 2026-1 TRUST UNSCREENED 0.21% no in-house ratios for this holding
LV TRUST 2024-SHOW UNSCREENED 0.21% no in-house ratios for this holding
NMEF FUNDING 2026-A LLC UNSCREENED 0.21% no in-house ratios for this holding
PERU, REPUBLIC OF - DIRECCION GENERAL DE CREDITO PUBLICO UNSCREENED 0.21% no in-house ratios for this holding
HBR.L HARBOUR ENERGY PLC NON_COMPLIANT 0.21% AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass
AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST 2014/1 UNSCREENED 0.20% no in-house ratios for this holding
AVIS BUDGET RENTAL CAR FUNDING (AESOP) LLC UNSCREENED 0.20% no in-house ratios for this holding
IT GARTNER INC COMPLIANT 0.20% AAOIFI28.3% Usmani46.3% Dow Jones Islamic13.9% S&P Shariah12.2% MSCI Islamic46.3% MSCI Islamic M-Series12.2% FTSE Shariah41.4%
SOTHEBY'S UNSCREENED 0.20% no in-house ratios for this holding
JACK JACK IN THE BOX INC NON_COMPLIANT 0.20% AAOIFI822.1% Usmani133.9% Dow Jones Islamic547.1% S&P Shariah353.5% MSCI Islamic133.9% MSCI Islamic M-Series353.5% FTSE Shariah80.8%
NYMT LOAN TRUST 2025-INV1 UNSCREENED 0.20% no in-house ratios for this holding
180 MEDICAL INC UNSCREENED 0.20% no in-house ratios for this holding
FMCC FEDERAL HOME LOAN MORTGAGE CORP NON_COMPLIANT 0.20% AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1%
HUDSON YARDS 2025-SPRL MORTGAGE TRUST UNSCREENED 0.20% no in-house ratios for this holding
GLS AUTO RECEIVABLES ISSUER TRUST 2025-1 UNSCREENED 0.20% no in-house ratios for this holding
HUNGARY, REPUBLIC OF - MINISTRY OF FINANCE UNSCREENED 0.20% no in-house ratios for this holding
PRU PRUDENTIAL FINANCIAL INC NON_COMPLIANT 0.20% AAOIFI49.0% Usmani2.6% Dow Jones Islamic56.4% S&P Shariah57.7% MSCI Islamic2.6% MSCI Islamic M-Series57.7% FTSE Shariah2.6%
FDXF FEDEX FREIGHT HOLDING COMPANY INC NON_COMPLIANT 0.19% AAOIFI31.8% Usmani89.3% Dow Jones Islamic— S&P Shariah— MSCI Islamic89.3% MSCI Islamic M-Series— FTSE Shariah62.6%
RFR TRUST 2025-SGRM UNSCREENED 0.19% no in-house ratios for this holding
CSGP COSTAR GROUP INC QUESTIONABLE 0.19% AAOIFI9.1% Usmani11.4% Dow Jones Islamic4.2% S&P Shariah3.9% MSCI Islamic11.3% MSCI Islamic M-Series3.9% FTSE Shariah9.8%
DKS DICKS SPORTING GOODS INC NON_COMPLIANT 0.19% AAOIFI48.9% Usmani33.2% Dow Jones Islamic33.0% S&P Shariah35.5% MSCI Islamic33.2% MSCI Islamic M-Series35.5% FTSE Shariah0.0%
ICON INVESTMENTS SIX DAC UNSCREENED 0.19% no in-house ratios for this holding
OMAN, GOVERNMENT OF THE SULTANATE OF UNSCREENED 0.19% no in-house ratios for this holding
RCO X MORTGAGE LLC 2025-1 UNSCREENED 0.19% no in-house ratios for this holding
LADDER CAPITAL FINANCE HOLDINGS LLLP / LADDER CAPITAL FINANCE CORP UNSCREENED 0.19% no in-house ratios for this holding
BRITISH AIRWAYS PLC UNSCREENED 0.19% no in-house ratios for this holding
MSSG TRUST 2017-237P UNSCREENED 0.19% no in-house ratios for this holding
MAGNOLIA OIL & GAS OPERATING LLC / MAGNOLIA OIL & GAS FINANCIAL CORP UNSCREENED 0.19% no in-house ratios for this holding
APO APOLLO GLOBAL MANAGEMENT INC NON_COMPLIANT 0.19% AAOIFI17.4% Usmani2.8% Dow Jones Islamic17.8% S&P Shariah19.6% MSCI Islamic2.8% MSCI Islamic M-Series19.6% FTSE Shariah2.8%
HOUSTON GALLERIA MALL TRUST 2025-HGLR UNSCREENED 0.19% no in-house ratios for this holding
PPC PILGRIM'S PRIDE CORP NON_COMPLIANT 0.19% AAOIFI43.6% Usmani31.0% Dow Jones Islamic33.3% S&P Shariah37.2% MSCI Islamic31.0% MSCI Islamic M-Series37.2% FTSE Shariah28.5%
SOUTH AFRICA, REPUBLIC OF - NATIONAL TREASURY UNSCREENED 0.19% no in-house ratios for this holding
NTRS NORTHERN TRUST CORP NON_COMPLIANT 0.19% AAOIFI12.6% Usmani2.1% Dow Jones Islamic15.2% S&P Shariah17.3% MSCI Islamic2.1% MSCI Islamic M-Series17.3% FTSE Shariah2.1%
FIVE GUYS FUNDING LLC UNSCREENED 0.19% no in-house ratios for this holding
RCKT MORTGAGE TRUST 2025-CES1 UNSCREENED 0.18% no in-house ratios for this holding
MMP CAPITAL 2025-A LLC UNSCREENED 0.18% no in-house ratios for this holding
PRKCM 2026-AFC3 TRUST UNSCREENED 0.18% no in-house ratios for this holding
OBX 2026-HYB1 TRUST UNSCREENED 0.18% no in-house ratios for this holding
META META PLATFORMS INC QUESTIONABLE 0.18% AAOIFI7.2% Usmani25.0% Dow Jones Islamic7.0% S&P Shariah7.9% MSCI Islamic25.0% MSCI Islamic M-Series7.9% FTSE Shariah18.6%
DINO HF SINCLAIR CORP COMPLIANT 0.18% AAOIFI16.9% Usmani17.1% Dow Jones Islamic34.7% S&P Shariah34.5% MSCI Islamic16.6% MSCI Islamic M-Series34.5% FTSE Shariah14.6%
WLK WESTLAKE CORP NON_COMPLIANT 0.18% AAOIFI63.9% Usmani30.2% Dow Jones Islamic49.2% S&P Shariah43.2% MSCI Islamic30.2% MSCI Islamic M-Series43.2% FTSE Shariah26.1%
NY COMMERCIAL MORTGAGE TRUST 2025-299P UNSCREENED 0.18% no in-house ratios for this holding
TD TORONTO DOMINION BANK (THE) NON_COMPLIANT 0.18% AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
PHOENIX AVIATION CAPITAL LTD UNSCREENED 0.18% no in-house ratios for this holding
WFC WELLS FARGO & COMPANY NON_COMPLIANT 0.17% AAOIFI80.2% Usmani9.1% Dow Jones Islamic84.8% S&P Shariah93.9% MSCI Islamic9.1% MSCI Islamic M-Series93.9% FTSE Shariah9.1%
STELLANTIS FINANCE US INC UNSCREENED 0.17% no in-house ratios for this holding
IRV TRUST 2025-200P UNSCREENED 0.17% no in-house ratios for this holding
BBCMS TRUST 2018-CBM UNSCREENED 0.17% no in-house ratios for this holding
PRET 2024-RPL1 TRUST UNSCREENED 0.17% no in-house ratios for this holding
SAUDI ARABIA, KINGDOM OF UNSCREENED 0.17% no in-house ratios for this holding
WESTERN MIDSTREAM OPERATING LP UNSCREENED 0.17% no in-house ratios for this holding
MARINER FINANCE ISSUANCE TRUST 2025-A UNSCREENED 0.17% no in-house ratios for this holding
PRPM 2026-R1 TRUST UNSCREENED 0.17% no in-house ratios for this holding
GPN GLOBAL PAYMENTS INC NON_COMPLIANT 0.17% AAOIFI95.7% Usmani36.9% Dow Jones Islamic108.0% S&P Shariah96.7% MSCI Islamic36.9% MSCI Islamic M-Series96.7% FTSE Shariah36.9%
CS.TO CAPSTONE COPPER CORP COMPLIANT 0.17% AAOIFI14.9% Usmani22.4% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic18.5% MSCI Islamic M-Seriespass FTSE Shariah18.5%
KUWAIT, GOVERNMENT OF - MINISTRY OF FINANCE UNSCREENED 0.17% no in-house ratios for this holding
ATD.TO ALIMENTATION COUCHE-TARD INC NON_COMPLIANT 0.17% AAOIFI30.2% Usmani49.6% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic37.8% MSCI Islamic M-Seriespass FTSE Shariah37.8%
NEXTERA ENERGY CAPITAL HOLDINGS INC UNSCREENED 0.17% no in-house ratios for this holding
ALBERTSONS COMPANIES INC / SAFEWAY INC / NEW ALBERTSONS LP / ALBERTSONS LLC UNSCREENED 0.17% no in-house ratios for this holding
AVILEASE CAPITAL LTD UNSCREENED 0.17% no in-house ratios for this holding
FMCC FEDERAL HOME LOAN MORTGAGE CORP NON_COMPLIANT 0.16% AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1%
AMUR EQUIPMENT FINANCE RECEIVABLES XV LLC UNSCREENED 0.16% no in-house ratios for this holding
ARROYO MORTGAGE TRUST 2020-1 UNSCREENED 0.16% no in-house ratios for this holding
RPRX ROYALTY PHARMA PLC NON_COMPLIANT 0.16% AAOIFI25.9% Usmani45.2% Dow Jones Islamic57.5% S&P Shariah64.9% MSCI Islamic45.2% MSCI Islamic M-Series64.9% FTSE Shariah45.2%
ALTICE FRANCE SAS UNSCREENED 0.16% no in-house ratios for this holding
ARGENTINA, REPUBLIC OF - SUBSECRETARIA DE FINANCIAMIENTO UNSCREENED 0.16% no in-house ratios for this holding
ANGEL OAK MORTGAGE TRUST 2023-1 UNSCREENED 0.16% no in-house ratios for this holding
TACO BELL FUNDING LLC UNSCREENED 0.16% no in-house ratios for this holding
VZ VERIZON COMMUNICATIONS INC NON_COMPLIANT 0.16% AAOIFI98.4% Usmani45.9% Dow Jones Islamic109.0% S&P Shariah116.8% MSCI Islamic45.9% MSCI Islamic M-Series116.8% FTSE Shariah40.3%
PHM PULTEGROUP INC COMPLIANT 0.16% AAOIFI0.2% Usmani0.2% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic0.2% MSCI Islamic M-Series0.2% FTSE Shariah0.2%
SOUTH AFRICA, REPUBLIC OF - NATIONAL TREASURY UNSCREENED 0.16% no in-house ratios for this holding
ECUADOR, REPUBLICA DEL - MINISTERIO DE FINANZAS Y CREDITO PUBLICO UNSCREENED 0.16% no in-house ratios for this holding
OXY OCCIDENTAL PETROLEUM CORP NON_COMPLIANT 0.16% AAOIFI24.4% Usmani19.4% Dow Jones Islamic31.4% S&P Shariah30.3% MSCI Islamic18.2% MSCI Islamic M-Series30.3% FTSE Shariah17.1%
BRAZIL, FEDERATIVE REPUBLIC OF - SECRETARIA DO TESOURO NACIONAL UNSCREENED 0.16% no in-house ratios for this holding
FMCC FEDERAL HOME LOAN MORTGAGE CORP NON_COMPLIANT 0.16% AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1%
OBX 2024-NQM16 TRUST UNSCREENED 0.16% no in-house ratios for this holding
UNITED MEXICAN STATES - SECRETARIA DE HACIENDA Y CREDITO PUBLICO UNSCREENED 0.16% no in-house ratios for this holding
FLUTTER TREASURY DAC UNSCREENED 0.16% no in-house ratios for this holding
PRET 2026-NPL3 LLC UNSCREENED 0.16% no in-house ratios for this holding
FMCC FEDERAL HOME LOAN MORTGAGE CORP NON_COMPLIANT 0.16% AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1%
UHS UNIVERSAL HEALTH SERVICES INC NON_COMPLIANT 0.15% AAOIFI52.8% Usmani33.0% Dow Jones Islamic45.9% S&P Shariah48.2% MSCI Islamic33.0% MSCI Islamic M-Series48.2% FTSE Shariah30.4%
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2025-2 UNSCREENED 0.15% no in-house ratios for this holding
ELECTRICITE DE FRANCE SA UNSCREENED 0.15% no in-house ratios for this holding
TURKEY, REPUBLIC OF UNDERSECRETARIAT OF TREASURY UNSCREENED 0.15% no in-house ratios for this holding
US BANK NA UNSCREENED 0.15% no in-house ratios for this holding
NRG NRG ENERGY INC NON_COMPLIANT 0.15% AAOIFI85.9% Usmani53.8% Dow Jones Islamic81.4% S&P Shariah98.7% MSCI Islamic53.8% MSCI Islamic M-Series98.7% FTSE Shariah53.3%
SWITCH ABS ISSUER LLC UNSCREENED 0.15% no in-house ratios for this holding
OCTANE RECEIVABLES TRUST 2025-1 UNSCREENED 0.15% no in-house ratios for this holding
SWK STANLEY BLACK & DECKER INC NON_COMPLIANT 0.15% AAOIFI32.4% Usmani23.7% Dow Jones Islamic39.9% S&P Shariah39.2% MSCI Islamic23.7% MSCI Islamic M-Series39.2% FTSE Shariah23.7%
TOWD POINT MORTGAGE TRUST 2025-CES4 UNSCREENED 0.15% no in-house ratios for this holding
VCAT 2026-NPL2 UNSCREENED 0.15% no in-house ratios for this holding
BAM BROOKFIELD ASSET MANAGEMENT LTD NON_COMPLIANT 0.15% AAOIFI5.3% Usmani20.3% Dow Jones Islamic4.9% S&P Shariah5.4% MSCI Islamic20.3% MSCI Islamic M-Series5.4% FTSE Shariah20.3%
UNITED MEXICAN STATES - SECRETARIA DE HACIENDA Y CREDITO PUBLICO UNSCREENED 0.15% no in-house ratios for this holding
SCALELOGIX ABS US ISSUER LLC UNSCREENED 0.15% no in-house ratios for this holding
VLTO VERALTO CORP COMPLIANT 0.15% AAOIFI12.4% Usmani37.5% Dow Jones Islamic11.8% S&P Shariah12.2% MSCI Islamic37.5% MSCI Islamic M-Series12.2% FTSE Shariah34.8%
EGYPT, ARAB REPUBLIC OF - MINISTRY OF FINANCE UNSCREENED 0.15% no in-house ratios for this holding
CSMC TRUST 2017-RPL1 UNSCREENED 0.15% no in-house ratios for this holding
POLAND, REPUBLIC OF - STATE TREASURY UNSCREENED 0.15% no in-house ratios for this holding
VISTAJET MALTA FINANCE PLC / VISTA MANAGEMENT HOLDING INC UNSCREENED 0.15% no in-house ratios for this holding
LIBERTY MUTUAL GROUP INC UNSCREENED 0.15% no in-house ratios for this holding
CHDN CHURCHILL DOWNS INC NON_COMPLIANT 0.15% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
Finbe USA Trust 2025-1 UNSCREENED 0.15% no in-house ratios for this holding
DEEPHAVEN RESIDENTIAL MORTGAGE TRUST 2026-INV3 UNSCREENED 0.15% no in-house ratios for this holding
FERRELLGAS ESCROW LLC UNSCREENED 0.15% no in-house ratios for this holding
CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP UNSCREENED 0.15% no in-house ratios for this holding
FMCC FEDERAL HOME LOAN MORTGAGE CORP NON_COMPLIANT 0.15% AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1%
JP MORGAN CHASE & COMPANY UNSCREENED 0.14% no in-house ratios for this holding
PETRONAS CAPITAL LTD UNSCREENED 0.14% no in-house ratios for this holding
JH NORTH AMERICA HOLDINGS INC UNSCREENED 0.14% no in-house ratios for this holding
UKRAINE, REPUBLIC OF - MINISTRY OF FINANCE UNSCREENED 0.14% no in-house ratios for this holding
PNC PNC FINANCIAL SERVICES GROUP INC (THE) NON_COMPLIANT 0.14% AAOIFI87.5% Usmani13.9% Dow Jones Islamic110.0% S&P Shariah122.6% MSCI Islamic13.9% MSCI Islamic M-Series122.6% FTSE Shariah13.9%
D DOMINION ENERGY INC NON_COMPLIANT 0.14% AAOIFI86.6% Usmani42.8% Dow Jones Islamic102.1% S&P Shariah112.1% MSCI Islamic42.3% MSCI Islamic M-Series112.1% FTSE Shariah41.7%
W.R. GRACE HOLDINGS LLC UNSCREENED 0.14% no in-house ratios for this holding
ECUADOR, REPUBLICA DEL - MINISTERIO DE FINANZAS Y CREDITO PUBLICO UNSCREENED 0.14% no in-house ratios for this holding
HUT 8 DC LLC UNSCREENED 0.14% no in-house ratios for this holding
TRAFIGURA SECURITISATION FINANCE PLC UNSCREENED 0.14% no in-house ratios for this holding
MURPHY OIL USA INC UNSCREENED 0.14% no in-house ratios for this holding
UBSG.SW UBS GROUP AG NON_COMPLIANT 0.14% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
IMPERIAL BRANDS FINANCE PLC UNSCREENED 0.14% no in-house ratios for this holding
MEDLINE BORROWER LP UNSCREENED 0.14% no in-house ratios for this holding
OCTANE RECEIVABLES TRUST 2025-RVM1 UNSCREENED 0.14% no in-house ratios for this holding
BX TRUST 2025-ROIC UNSCREENED 0.14% no in-house ratios for this holding
WEEKLEY HOMES LLC UNSCREENED 0.14% no in-house ratios for this holding
Tharaldson Hotel Portfolio Trust UNSCREENED 0.14% no in-house ratios for this holding
UNITED MEXICAN STATES - SECRETARIA DE HACIENDA Y CREDITO PUBLICO UNSCREENED 0.14% no in-house ratios for this holding
DEUTSCHE BANK AG NEW YORK BRANCH UNSCREENED 0.14% no in-house ratios for this holding
TOWD POINT MORTGAGE TRUST 2017-6 UNSCREENED 0.14% no in-house ratios for this holding
KAZAKHSTAN, REPUBLIC OF - MINISTRY OF FINANCE UNSCREENED 0.14% no in-house ratios for this holding
NTRS NORTHERN TRUST CORP NON_COMPLIANT 0.14% AAOIFI12.6% Usmani2.1% Dow Jones Islamic15.2% S&P Shariah17.3% MSCI Islamic2.1% MSCI Islamic M-Series17.3% FTSE Shariah2.1%
CRBG COREBRIDGE FINANCIAL INC NON_COMPLIANT 0.14% AAOIFI8.3% Usmani0.3% Dow Jones Islamic8.0% S&P Shariah8.2% MSCI Islamic0.3% MSCI Islamic M-Series8.2% FTSE Shariah0.3%
OBX 2024-HYB1 TRUST UNSCREENED 0.14% no in-house ratios for this holding
CLOUD SOFTWARE GROUP INC UNSCREENED 0.14% no in-house ratios for this holding
NEPTUNE BIDCO US INC UNSCREENED 0.14% no in-house ratios for this holding
SW.PA SODEXO INC NON_COMPLIANT 0.14% AAOIFI64.9% Usmani40.9% Dow Jones Islamic— S&P Shariah— MSCI Islamic36.5% MSCI Islamic M-Series— FTSE Shariah36.5%
ELDIK BANK OJSC UNSCREENED 0.13% no in-house ratios for this holding
RIDE TRUST 2025-SHRE UNSCREENED 0.13% no in-house ratios for this holding
NIGERIA, FEDERAL REPUBLIC OF - DEBT MANAGEMENT OFFICE (THE) UNSCREENED 0.13% no in-house ratios for this holding
CIMPRESS PLC UNSCREENED 0.13% no in-house ratios for this holding
SNN SMITH & NEPHEW PLC COMPLIANT 0.13% AAOIFI34.9% Usmani29.8% Dow Jones Islamic11.8% S&P Shariah12.5% MSCI Islamic29.8% MSCI Islamic M-Series12.5% FTSE Shariah29.8%
ROCKET SOFTWARE INC UNSCREENED 0.13% no in-house ratios for this holding
OMAN, GOVERNMENT OF THE SULTANATE OF UNSCREENED 0.13% no in-house ratios for this holding
VCAT 2026-NPL3 LLC UNSCREENED 0.13% no in-house ratios for this holding
SUMITOMO LIFE INSURANCE COMPANY UNSCREENED 0.13% no in-house ratios for this holding
UKRAINE, REPUBLIC OF - MINISTRY OF FINANCE UNSCREENED 0.13% no in-house ratios for this holding
EG America LLC UNSCREENED 0.13% no in-house ratios for this holding
MS MORGAN STANLEY NON_COMPLIANT 0.13% AAOIFI115.6% Usmani23.4% Dow Jones Islamic161.6% S&P Shariah189.1% MSCI Islamic23.4% MSCI Islamic M-Series189.1% FTSE Shariah23.4%
GENESIS ENERGY LP / GENESIS ENERGY FINANCE CORP UNSCREENED 0.13% no in-house ratios for this holding
POST POST HOLDINGS INC NON_COMPLIANT 0.12% AAOIFI205.1% Usmani59.4% Dow Jones Islamic136.3% S&P Shariah133.6% MSCI Islamic59.4% MSCI Islamic M-Series133.6% FTSE Shariah59.4%
DRAWBRIDGE SPECIAL OPPORTUNITIES FUND LP / DRAWBRIDGE SPECIAL OPPORTUNITIES FINANCE CORP UNSCREENED 0.12% no in-house ratios for this holding
PLANET FITNESS MASTER ISSUER LLC SERIES 2018-1 UNSCREENED 0.12% no in-house ratios for this holding
KEYSPAN GAS EAST CORP UNSCREENED 0.12% no in-house ratios for this holding
UNIVISION COMMUNICATIONS INC UNSCREENED 0.12% no in-house ratios for this holding
BX TRUST 2018-BILT UNSCREENED 0.12% no in-house ratios for this holding
BLDR BUILDERS FIRSTSOURCE INC NON_COMPLIANT 0.12% AAOIFI91.9% Usmani46.3% Dow Jones Islamic41.1% S&P Shariah34.5% MSCI Islamic46.3% MSCI Islamic M-Series34.5% FTSE Shariah40.5%
CNC CENTENE CORP NON_COMPLIANT 0.12% AAOIFI50.5% Usmani19.4% Dow Jones Islamic62.6% S&P Shariah53.4% MSCI Islamic19.4% MSCI Islamic M-Series53.4% FTSE Shariah19.4%
METRONET INFRASTRUCTURE ISSUER LLC UNSCREENED 0.12% no in-house ratios for this holding
PMT LOAN TRUST 2025-INV7 UNSCREENED 0.12% no in-house ratios for this holding
CLEVELAND-CLIFFS INC UNSCREENED 0.12% no in-house ratios for this holding
FOCUS FINANCIAL PARTNERS LLC UNSCREENED 0.12% no in-house ratios for this holding
ET ENERGY TRANSFER LP NON_COMPLIANT 0.12% AAOIFI94.8% Usmani47.4% Dow Jones Islamic120.8% S&P Shariah134.5% MSCI Islamic47.4% MSCI Islamic M-Series134.5% FTSE Shariah46.2%
APPLEBEE'S FUNDING LLC UNSCREENED 0.12% no in-house ratios for this holding
JERSEY MIKE'S FUNDING LLC UNSCREENED 0.12% no in-house ratios for this holding
FHF ISSUER TRUST 2024-3 UNSCREENED 0.12% no in-house ratios for this holding
URUGUAY, REPUBLICA ORIENTAL DEL - MINISTERIO DE ECONOMIA Y FINANZAS UNSCREENED 0.12% no in-house ratios for this holding
MTH MERITAGE HOMES CORP NON_COMPLIANT 0.12% AAOIFI13.1% Usmani7.6% Dow Jones Islamic11.9% S&P Shariah11.1% MSCI Islamic7.6% MSCI Islamic M-Series11.1% FTSE Shariah7.6%
FRONERI LUX FINCO SARL UNSCREENED 0.12% no in-house ratios for this holding
ASHTEAD CAPITAL INC UNSCREENED 0.12% no in-house ratios for this holding
BAHRAIN, KINGDOM OF - MINISTRY OF FINANCE & NATIONAL ECONOMY UNSCREENED 0.12% no in-house ratios for this holding
ALLIANCE RESOURCE OPERATING PARTNERS LP / ALLIANCE RESOURCE FINANCE CORP UNSCREENED 0.12% no in-house ratios for this holding
JERSEY MIKE'S FUNDING LLC UNSCREENED 0.12% no in-house ratios for this holding
SOUTH BOW CANADIAN INFRASTRUCTURE HOLDINGS LTD UNSCREENED 0.12% no in-house ratios for this holding
ECUADOR, REPUBLICA DEL - MINISTERIO DE FINANZAS Y CREDITO PUBLICO UNSCREENED 0.12% no in-house ratios for this holding
SERBIA, REPUBLIC OF - MINISTRY OF FINANCE UNSCREENED 0.12% no in-house ratios for this holding
ALBION FINANCING 1 SARL / AGGREKO HOLDINGS INC UNSCREENED 0.12% no in-house ratios for this holding

The published standards disagree about this fund by 1 points of portfolio weight — 4.3% of it passes FTSE Shariah, 3.3% passes S&P Shariah. 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 4.0% ratios fail on 18.9% 74.2% not rated under AAOIFI

194 of 1,101 listed holdings carry our own per-methodology verdicts (24% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 168 (22% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.

Non-compliant holdingWeight
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 1.55%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 1.31%
FMCC FEDERAL HOME LOAN MORTGAGE CORP 1.18%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 0.94%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 0.92%
FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.86%
FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.83%
FMCC FEDERAL HOME LOAN MORTGAGE CORP 0.64%
Fnma Pass-Thru I 0.61%
FMCC FEDERAL HOME LOAN MORTGAGE CORP 0.59%

Methodology breakdown computing — it will appear here on its own.

🕌Open research, not a fatwa — verify with your own scholar.

Trade setup

Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.

SEPARATE FROM SHARIAH
No trade setup shown — a stock that isn't cleanly Sharia-compliant never gets a bullish verdict here.

Why this signal?

The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.

Structure4 of 5 timeframes bullish · 73.9% aligned
VWAPPrice holding above VWAP ($22.32)
VolumeRelative volume 3.5× the 20-day average
Momentum10-day rate of change +0.8%

Virtus Newfleet Multi-Sector Bond ETF (NFLT) 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.

Market & analysts
Momentum (10d)
+0.8%
rate of change
SMC grade
F · 19
73.9% aligned
F · 19
SMC grade — 73.9% timeframe alignment
+0.8%
Rate of change (10d)

🕌 In-house Compliance Research

Computing the full ratio and business-activity breakdown for NFLT — this runs off the critical path so the page paints first. It will appear here on its own.

22.6422.4422.2422.0521.852025-11-102026-05-122026-11-09

Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset

Support & Resistance
S3
22.19
S2
22.24
S1
22.33
PIVOT
22.38
R1
22.48
R2
22.53
R3
22.62

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.

7-day expected range
21.97 – 22.57
±1.35% from 22.27, made 2026-09-26 · resolves 2026-10-03
STRONG SELL
from 19 indicators
61.9% of our last 5789 forecasts — across every instrument we forecast, not just this one — landed inside their stated range, and 49.9% called the direction correctly.

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.

STRONG BUY
19 indicators
OscillatorsNEUTRAL
3 buy · 1 neutral · 3 sell
Moving averagesSTRONG BUY
11 buy · 0 neutral · 1 sell
Every indicator, and what it reads
IndicatorValueSignal
RSI (14)58.80NEUTRAL
Stochastic %K (14)80.00SELL
CCI (20)138.11SELL
Williams %R (14)-20.00SELL
MACD (12,26,9)0.03BUY
ROC (10)0.77BUY
Momentum (10)0.17BUY
EMA (10)22.29BUY
SMA (10)22.28BUY
EMA (20)22.24BUY
SMA (20)22.21BUY
EMA (30)22.23BUY
SMA (30)22.15BUY
EMA (50)22.25BUY
SMA (50)22.23BUY
EMA (100)22.30BUY
SMA (100)22.37SELL
EMA (200)22.27BUY
SMA (200)22.34BUY

About Virtus Newfleet Multi-Sector Bond ETF

Under normal market conditions, the fund will invest not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in bonds. The Sub-Adviser seeks to select securities using a sector rotation approach and seeks to adjust the proportion of fund investments in various sectors and sub-sectors in an effort to obtain higher relative returns.

Background via Yahoo Finance — informational, not part of the verdict.

Grade verdict

No real edge — avoid

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.

TimeframeBiasBars
📅 Daily BULLISH 43
⏰ 4H RANGING 18
🕐 1H BULLISH 74
⏱ 15-Min BULLISH 130
⏲ 5-Min BULLISH 234

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.

+0.8%
Rate of change (10d)
3.5×
Volume vs its 20-day average
0.01
MACD (no fresh cross)
$22.36
Volume POC (today)
$22.31 – $22.37
Value area

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 2026-11-03 · Asset managers net 928584 (+5135)

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.