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HALAL TRADING ROOM Sharia-screened signals
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VM

VMSBETF / FundVoya Multi-Sector Income ETF

$48.52 last close 2026-11-06
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Sharia status
NOT COMPLIANT
Screened by look-through to its filed holdings — 39% of portfolio weight covered
Fund look-through

Voya Multi-Sector Income ETF ETF · Tidal Trust IV

816 holdings · as of 2026-06-30 (4.3 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 102% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.

NON-COMPLIANT At least 34.04% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 62% turns out to be. Matching more holdings can only raise this share, never lower it.

10.17% 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.

816 holdings, 234 matched (39% of weight). Portfolio as of 2026-06-30, filed 2026-08-31. Source: SEC Form N-PORT.

1.67% of this portfolio’s income is non-permissible — weighted across holdings, computed over 22% of portfolio weight (130 of 816 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 (816) · showing 751–816
HoldingStatusWeightEvery methodology, and the debt ratio behind it
Watlow Electric 06/17/33 UNSCREENED 0.00% no in-house ratios for this holding
WATLOW ELECTRIC MANUFACT UNSCREENED 0.00% no in-house ratios for this holding
COMMONBOND STUDENT LOAN TRUST 2017-B-GS UNSCREENED 0.00% no in-house ratios for this holding
Hillenbrand UNSCREENED 0.00% no in-house ratios for this holding
RENAISSANCE MORTGAGE ACCEPTANCE CORP UNSCREENED 0.00% no in-house ratios for this holding
Prestige Brands UNSCREENED 0.00% no in-house ratios for this holding
MORGAN STANLEY BANK, NATIONAL ASSOCIATION UNSCREENED 0.00% no in-house ratios for this holding
BEAR STEARNS ALT-A TRUST 2004-9 UNSCREENED 0.00% no in-house ratios for this holding
MORGAN STANLEY BANK, NATIONAL ASSOCIATION UNSCREENED 0.00% no in-house ratios for this holding
JP MORGAN MORTGAGE TRUST UNSCREENED 0.00% no in-house ratios for this holding
WASHINGTON MUTUAL MORTGAGE PASS-THROUGH CERTIFICATES WMALT SERIES 2005-AR18 TRUST UNSCREENED 0.00% no in-house ratios for this holding
WASHINGTON MUTUAL MORTGAGE PASS-THROUGH CERTIFICATES WMALT SERIES 2005-AR18 TRUST UNSCREENED 0.00% no in-house ratios for this holding
UK CLEARING HOUSE LIMITED UNSCREENED 0.00% no in-house ratios for this holding
BroadStreet Partners UNSCREENED 0.00% no in-house ratios for this holding
UK CLEARING HOUSE LIMITED UNSCREENED 0.00% no in-house ratios for this holding
CHASE FUNDING TRUST SERIES 2003-3 UNSCREENED 0.00% no in-house ratios for this holding
BMO.TO BANK OF MONTREAL NON_COMPLIANT 0.00% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
MS MORGAN STANLEY & CO. LLC NON_COMPLIANT 0.00% AAOIFI115.6% Usmani23.4% Dow Jones Islamic161.6% S&P Shariah189.1% MSCI Islamic23.4% MSCI Islamic M-Series189.1% FTSE Shariah23.4%
SYMPHONY CLO XVI LTD UNSCREENED 0.00% no in-house ratios for this holding
VXX BARCLAYS BANK PLC NON_COMPLIANT 0.00% AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
FMCC FEDERAL HOME LOAN MORTGAGE CORP NON_COMPLIANT 0.00% AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1%
HERO FUNDING TRUST 2015-2 UNSCREENED 0.00% no in-house ratios for this holding
FMCC FEDERAL HOME LOAN MORTGAGE CORP NON_COMPLIANT 0.00% 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 0.00% no in-house ratios for this holding
HOMEBANC MORTGAGE TRUST 2005-1 UNSCREENED 0.00% no in-house ratios for this holding
ALTERNATIVE LOAN TRUST 2007-23CB UNSCREENED 0.00% no in-house ratios for this holding
MS MORGAN STANLEY & CO. LLC NON_COMPLIANT 0.00% AAOIFI115.6% Usmani23.4% Dow Jones Islamic161.6% S&P Shariah189.1% MSCI Islamic23.4% MSCI Islamic M-Series189.1% FTSE Shariah23.4%
WELLS FARGO ALTERNATIVE LOAN TRUST 2007-PA UNSCREENED 0.00% no in-house ratios for this holding
Morgan Stanley Bank, National Association UNSCREENED 0.00% no in-house ratios for this holding
WELLS FARGO MORTGAGE BACKED SECURITIES UNSCREENED 0.00% no in-house ratios for this holding
BMO.TO BANK OF MONTREAL NON_COMPLIANT 0.00% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
CWALT INC MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-13T1 UNSCREENED 0.00% no in-house ratios for this holding
NOMURA GLOBAL FINANCIAL PRODUCTS INC. UNSCREENED 0.00% no in-house ratios for this holding
AQUA FINANCE TRUST 2020-A UNSCREENED 0.00% no in-house ratios for this holding
BANK OF AMERICA, NATIONAL ASSOCIATION UNSCREENED 0.00% no in-house ratios for this holding
MORGAN STANLEY BANK, NATIONAL ASSOCIATION UNSCREENED 0.00% no in-house ratios for this holding
GARDA WORLD 02/01/29 UNSCREENED 0.00% no in-house ratios for this holding
BMO.TO BANK OF MONTREAL NON_COMPLIANT 0.00% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
WELLS FARGO MORTGAGE BACKED SECURITIES 2006-AR2 TRUST UNSCREENED 0.00% no in-house ratios for this holding
Azuria Water Solutions Inc. UNSCREENED 0.00% no in-house ratios for this holding
UK CLEARING HOUSE LIMITED UNSCREENED 0.00% no in-house ratios for this holding
PSEC PROSPECT CAPITAL CORP NON_COMPLIANT 0.00% AAOIFI160.9% Usmani28.9% Dow Jones Islamic150.1% S&P Shariah138.7% MSCI Islamic28.9% MSCI Islamic M-Series138.7% FTSE Shariah28.9%
NOMURA GLOBAL FINANCIAL PRODUCTS INC. UNSCREENED 0.00% no in-house ratios for this holding
NOMURA GLOBAL FINANCIAL PRODUCTS INC. UNSCREENED 0.00% no in-house ratios for this holding
FEDERAL NATIONAL MORTGAGE ASSOCIATION NON_COMPLIANT 0.00% no in-house ratios for this holding
BANK OF AMERICA, NATIONAL ASSOCIATION UNSCREENED 0.00% no in-house ratios for this holding
NAVI NAVIENT CORP NON_COMPLIANT 0.00% AAOIFI4909.2% Usmani93.7% Dow Jones Islamic3945.0% S&P Shariah3430.3% MSCI Islamic93.7% MSCI Islamic M-Series3430.3% FTSE Shariah93.7%
SOFI PROFESSIONAL LOAN PROGRAM 2018-D TRUST UNSCREENED 0.00% no in-house ratios for this holding
UK CLEARING HOUSE LIMITED UNSCREENED 0.00% no in-house ratios for this holding
FLAGSTAR MORTGAGE TRUST 2017-1 UNSCREENED 0.00% no in-house ratios for this holding
FMCC FEDERAL HOME LOAN MORTGAGE CORP NON_COMPLIANT 0.00% AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1%
MS MORGAN STANLEY & CO. LLC NON_COMPLIANT 0.00% AAOIFI115.6% Usmani23.4% Dow Jones Islamic161.6% S&P Shariah189.1% MSCI Islamic23.4% MSCI Islamic M-Series189.1% FTSE Shariah23.4%
BOARD OF TRADE OF THE CITY OF CHICAGO, INC. NON_COMPLIANT 0.00% no in-house ratios for this holding
BANK OF AMERICA, NATIONAL ASSOCIATION UNSCREENED 0.00% no in-house ratios for this holding
MORGAN STANLEY BANK, NATIONAL ASSOCIATION UNSCREENED 0.00% no in-house ratios for this holding
WATLOW ELECTRIC MANUFACT UNSCREENED 0.00% no in-house ratios for this holding
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION NON_COMPLIANT 0.00% no in-house ratios for this holding
BANK OF AMERICA, NATIONAL ASSOCIATION UNSCREENED 0.00% no in-house ratios for this holding
FEDERAL NATIONAL MORTGAGE ASSOCIATION NON_COMPLIANT 0.00% no in-house ratios for this holding
UK CLEARING HOUSE LIMITED UNSCREENED 0.00% no in-house ratios for this holding
NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 2019-A UNSCREENED 0.00% no in-house ratios for this holding
NOMURA GLOBAL FINANCIAL PRODUCTS INC. UNSCREENED 0.00% no in-house ratios for this holding
MS MORGAN STANLEY & CO. LLC NON_COMPLIANT 0.00% AAOIFI115.6% Usmani23.4% Dow Jones Islamic161.6% S&P Shariah189.1% MSCI Islamic23.4% MSCI Islamic M-Series189.1% FTSE Shariah23.4%
Morgan Stanley Bank, National Association UNSCREENED 0.00% no in-house ratios for this holding
MORGAN STANLEY BANK, NATIONAL ASSOCIATION UNSCREENED 0.00% no in-house ratios for this holding
Morgan Stanley Bank, National Association UNSCREENED 0.00% no in-house ratios for this holding

The published standards disagree about this fund by 3 points of portfolio weight — 6.8% of it passes Dow Jones Islamic, 3.5% 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 6.1% ratios fail on 22.3% 73.2% not rated under AAOIFI

106 of 816 listed holdings carry our own per-methodology verdicts (29% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 96 (28% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.

Non-compliant holdingWeight
WFC WELLS FARGO & COMPANY 1.63%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 1.55%
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 1.19%
FEDERAL HOME LOAN BANKS 1.19%
FMCC FEDERAL HOME LOAN MORTGAGE CORP 1.11%
ICE INTERCONTINENTAL EXCHANGE, INC. 0.88%
REXR REXFORD INDUSTRIAL REALTY LP 0.87%
ES EVERSOURCE ENERGY 0.67%
CCI CROWN CASTLE INC 0.48%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 0.48%

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.

Structure1 of 1 timeframes bullish · 100.0% aligned
Momentum10-day rate of change +1.3%

Voya Multi-Sector Income ETF (VMSB) 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)
+1.3%
rate of change
SMC grade
D · 43
100.0% aligned
D · 43
SMC grade — 100.0% timeframe alignment
+1.3%
Rate of change (10d)

🕌 In-house Compliance Research

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

49.1648.6648.1647.6547.152025-12-032026-05-222026-11-06

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

Support & Resistance

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.

7-day expected range
48.85 – 49.36
±0.53% from 49.10, made 2026-09-07 · resolves 2026-09-14
STRONG SELL
from 18 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
12 buy · 0 neutral · 0 sell
Every indicator, and what it reads
IndicatorValueSignal
RSI (14)67.20NEUTRAL
Stochastic %K (14)93.85SELL
CCI (20)147.53SELL
Williams %R (14)-6.15SELL
MACD (12,26,9)0.11BUY
ROC (10)1.75BUY
Momentum (10)0.83BUY
EMA (10)48.20BUY
SMA (10)48.13BUY
EMA (20)48.01BUY
SMA (20)47.87BUY
EMA (30)47.96BUY
SMA (30)47.70BUY
EMA (50)48.00BUY
SMA (50)47.91BUY
EMA (100)48.14BUY
SMA (100)48.32BUY
EMA (200)48.17BUY
SMA (200)48.29BUY

About Voya Multi-Sector Income ETF

The fund is an actively-managed exchange-traded fund (“ETF”) that seeks a high levels of current income with a secondary objective of long-term capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in a portfolio of income producing bonds and/or derivative instruments having economic characteristics similar to income producing bonds.

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

Grade 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.

TimeframeBiasBars
📅 Daily BULLISH 44

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.

+1.3%
Rate of change (10d)
0.10
MACD (no fresh cross)

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.

Tell us what's working, what's confusing, or what you want to see next — read by a real person, not a form that goes nowhere.