VEMETF / FundVirtus Emerging Markets Dividend ETF
Verdicts genuinely change. Free email alert the moment VEM'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.
Virtus Emerging Markets Dividend ETF ETF · Virtus ETF Trust II
55 holdings · as of 2026-07-31 (3.1 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.
NON-COMPLIANT 39.27% of portfolio weight is in non-compliant holdings, over the 5% threshold.
55 holdings, 47 matched (92% of weight). Portfolio as of 2026-07-31, filed 2026-09-29. Source: SEC Form N-PORT.
6.53% of this portfolio’s income is non-permissible — weighted across holdings, computed over 76% of portfolio weight (39 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.
52.2% compliant 0.0% questionable 39.3% non-compliant 8.0% unscreened
All holdings (55)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| TSM TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD | COMPLIANT | 16.55% | 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 | 6.67% | 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 | 5.58% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 005930.KS SAMSUNG ELECTRONICS CO LTD | COMPLIANT | 3.94% | AAOIFI1.4% Usmani5.3% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.5% MSCI Islamic M-Seriespass FTSE Shariah4.5% |
| 1398.HK INDUSTRIAL AND COMMERCIAL BANK OF CHINA LTD (THE) | NON_COMPLIANT | 3.67% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CIBEST.CL GRUPO CIBEST SA | NON_COMPLIANT | 3.67% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 1308.HK SITC INTERNATIONAL HOLDINGS COMPANY LTD | COMPLIANT | 3.55% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 2347.TW SYNNEX TECHNOLOGY INTERNATIONAL CORP | NON_COMPLIANT | 2.98% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TURKIYE PETROL RAFINERILERY AS | UNSCREENED | 2.55% | no in-house ratios for this holding |
| 1919.HK COSCO SHIPPING HOLDINGS CO LTD | NON_COMPLIANT | 2.51% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| KIFF.F KIATNAKIN PHATRA BANK PCL | NON_COMPLIANT | 2.49% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| PEO.WA BANK POLSKA KASA OPIEKI SA | NON_COMPLIANT | 2.37% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| VALE3.SA VALE SA | NON_COMPLIANT | 2.36% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 2308.TW DELTA ELECTRONICS INC | COMPLIANT | 2.24% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 0939.HK CHINA CONSTRUCTION BANK CORP | NON_COMPLIANT | 2.16% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| OFSS.BO ORACLE FINANCIAL SERVICES SOFTWARE LTD | COMPLIANT | 2.02% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| HANA FINANCIAL GROUP INC | UNSCREENED | 1.89% | no in-house ratios for this holding |
| 2885.TW YUANTA FINANCIAL HOLDING COMPANY LTD | NON_COMPLIANT | 1.89% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 3808.HK SINOTRUK (HONG KONG) LTD | NON_COMPLIANT | 1.71% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 600066.SS YUTONG BUS CO LTD | COMPLIANT | 1.51% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| ZIJMY ZIJIN MINING GROUP CO LTD | COMPLIANT | 1.50% | AAOIFI18.1% Usmani32.2% Dow Jones Islamic1.4% S&P Shariah1.6% MSCI Islamic32.1% MSCI Islamic M-Series1.6% FTSE Shariah32.1% |
| UMC UNITED MICROELECTRONICS CORP | COMPLIANT | 1.32% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| 1336.HK NEW CHINA LIFE INSURANCE COMPANY LTD | NON_COMPLIANT | 1.31% | AAOIFI15.8% Usmani1.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic1.1% MSCI Islamic M-Seriesfail FTSE Shariah1.1% |
| 1378.HK CHINA HONGQIAO GROUP LTD | NON_COMPLIANT | 1.27% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| PETR3.SA PETROLEO BRASILEIRO SA | NON_COMPLIANT | 1.24% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 005940.KS NH INVESTMENT & SECURITIES CO LTD | NON_COMPLIANT | 1.19% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 2222.SR SAUDI ARABIAN OIL COMPANY | COMPLIANT | 1.17% | AAOIFI5.8% Usmani16.9% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic14.2% MSCI Islamic M-Seriespass FTSE Shariah14.2% |
| MBRF3.SA MBRF GLOBAL FOODS COMPANY SA | NON_COMPLIANT | 1.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 2891.TW CTBC FINANCIAL HOLDING CO LTD | NON_COMPLIANT | 1.03% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CURY CONSTRUTORA E INCORPORADORA SA | UNSCREENED | 0.93% | no in-house ratios for this holding |
| 0857.HK PETROCHINA COMPANY LTD | COMPLIANT | 0.93% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| AISF.F ADVANCED INFO SERVICE PCL | COMPLIANT | 0.92% | AAOIFIpass Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TATASTEEL.NS TATA STEEL LTD | NON_COMPLIANT | 0.88% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 1114.HK BRILLIANCE CHINA AUTOMOTIVE HOLDINGS LTD | NON_COMPLIANT | 0.87% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 0700.HK TENCENT HOLDINGS LTD | COMPLIANT | 0.80% | AAOIFIpass Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| BRAP3.SA BRADESPAR SA | COMPLIANT | 0.76% | AAOIFI0.1% Usmani0.1% Dow Jones Islamic— S&P Shariah— MSCI Islamic0.1% MSCI Islamic M-Series— FTSE Shariah0.1% |
| SINOPAC FINANCIAL HOLDINGS CO LTD | UNSCREENED | 0.75% | no in-house ratios for this holding |
| ACA.PA CREDIT AGRICOLE SA | NON_COMPLIANT | 0.75% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AVI.JO AVI LTD | COMPLIANT | 0.72% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| ANEKA TAMBANG TBK PT | UNSCREENED | 0.70% | no in-house ratios for this holding |
| 2887.TW TS FINANCIAL HOLDING CO LTD | NON_COMPLIANT | 0.66% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SAIL.NS STEEL AUTHORITY OF INDIA LTD | NON_COMPLIANT | 0.65% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| CPFE3.SA CPFL ENERGIA SA | NON_COMPLIANT | 0.56% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SIMO SILICON MOTION TECHNOLOGY CORP | COMPLIANT | 0.56% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 3988.HK BANK OF CHINA LTD | NON_COMPLIANT | 0.52% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| COALINDIA.NS COAL INDIA LTD | COMPLIANT | 0.50% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 0006.HK POWER ASSETS HOLDINGS LTD | COMPLIANT | 0.50% | AAOIFI2.6% Usmani3.4% Dow Jones Islamic— S&P Shariah— MSCI Islamic3.4% MSCI Islamic M-Series— FTSE Shariah3.4% |
| 1929.HK CHOW TAI FOOK JEWELLERY GROUP LTD | COMPLIANT | 0.46% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| ONGC.NS OIL AND NATURAL GAS CORP LTD | NON_COMPLIANT | 0.46% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| THAIFOODS GROUP PCL | UNSCREENED | 0.43% | no in-house ratios for this holding |
| PZU.WA POWSZECHNY ZAKLAD UBEZPIECZEN SA | NON_COMPLIANT | 0.40% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| JARIR MARKETING JSC | UNSCREENED | 0.37% | no in-house ratios for this holding |
| Q TECHNOLOGY GROUP CO LTD | UNSCREENED | 0.32% | no in-house ratios for this holding |
| 318.F BANK OF CYPRUS HOLDINGS PLC | NON_COMPLIANT | 0.32% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BMRI.JK BANK MANDIRI (PERSERO) TBK PT | NON_COMPLIANT | 0.30% | AAOIFI56.2% Usmani7.7% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic7.7% MSCI Islamic M-Seriesfail FTSE Shariah7.7% |
The published standards disagree about this fund by 16 points of portfolio weight — 50.9% of it passes AAOIFI, 34.9% 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 50.9% ratios fail on 39.3% 9.3% not rated under AAOIFI
ratios pass on 38.8% ratios fail on 49.8% 10.8% not rated under Usmani
ratios pass on 47.0% ratios fail on 41.1% 11.3% not rated under Dow Jones Islamic
ratios pass on 47.0% ratios fail on 41.1% 11.3% not rated under S&P Shariah
ratios pass on 34.9% ratios fail on 53.1% 11.3% not rated under MSCI Islamic
ratios pass on 47.0% ratios fail on 41.1% 11.3% not rated under MSCI Islamic M-Series
ratios pass on 40.4% ratios fail on 47.7% 11.3% not rated under FTSE Shariah
46 of 55 listed holdings carry our own per-methodology verdicts (91% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 9 (34% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| 1398.HK INDUSTRIAL AND COMMERCIAL BANK OF CHINA LTD (THE) | 3.67% |
| CIBEST.CL GRUPO CIBEST SA | 3.67% |
| 2347.TW SYNNEX TECHNOLOGY INTERNATIONAL CORP | 2.98% |
| 1919.HK COSCO SHIPPING HOLDINGS CO LTD | 2.51% |
| KIFF.F KIATNAKIN PHATRA BANK PCL | 2.49% |
| PEO.WA BANK POLSKA KASA OPIEKI SA | 2.37% |
| VALE3.SA VALE SA | 2.36% |
| 0939.HK CHINA CONSTRUCTION BANK CORP | 2.16% |
| 2885.TW YUANTA FINANCIAL HOLDING COMPANY LTD | 1.89% |
| 3808.HK SINOTRUK (HONG KONG) LTD | 1.71% |
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.
Virtus Emerging Markets Dividend ETF (VEM) 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 VEM — 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) | 35.10 | NEUTRAL |
| Stochastic %K (14) | 0.00 | BUY |
| CCI (20) | -108.13 | BUY |
| Williams %R (14) | -100.00 | BUY |
| MACD (12,26,9) | -0.07 | SELL |
| ROC (10) | -2.44 | SELL |
| Momentum (10) | -0.65 | SELL |
| EMA (10) | 26.54 | SELL |
| SMA (10) | 26.44 | SELL |
| EMA (20) | 26.91 | SELL |
| SMA (20) | 27.10 | SELL |
| EMA (30) | 27.12 | SELL |
| SMA (30) | 27.48 | SELL |
| EMA (50) | 27.25 | SELL |
| SMA (50) | 27.67 | SELL |
| EMA (100) | 26.97 | SELL |
| SMA (100) | 27.18 | SELL |
| EMA (200) | 26.24 | SELL |
About Virtus Emerging Markets Dividend ETF
Under normal circumstances, the fund invests at least 80% of its net assets (plus borrowings made for investment purposes) in the securities of companies that pay dividend income and are tied economically to emerging market countries. The fund normally invests primarily in common stocks, either directly or indirectly through depositary receipts.
Background via Yahoo Finance — informational, not part of the 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.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BEARISH | 41 |
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 2026-10-27 · 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.