EMSFETF / FundMatthews Emerging Markets Sustainable Future Active ETF
Verdicts genuinely change. Free email alert the moment EMSF's does — no target price to set, unlike a price alert.
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.
Matthews Emerging Markets Sustainable Future Active ETF ETF · Matthews International Funds
58 holdings · as of 2026-06-30 (4.4 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 17.61% of portfolio weight is in non-compliant holdings, over the 5% threshold.
58 holdings, 47 matched (83% of weight). Portfolio as of 2026-06-30, filed 2026-08-24. Source: SEC Form N-PORT.
1.42% of this portfolio’s income is non-permissible — weighted across holdings, computed over 74% of portfolio weight (40 of 58 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.
65.6% compliant 0.0% questionable 17.6% non-compliant 16.8% unscreened
All holdings (58)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| 402340.KS SK SQUARE CO LTD | COMPLIANT | 8.98% | AAOIFI0.1% Usmani0.7% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic0.4% MSCI Islamic M-Seriespass FTSE Shariah0.4% |
| TSM TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD | COMPLIANT | 8.50% | 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 | 7.73% | AAOIFI1.4% Usmani5.3% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.5% MSCI Islamic M-Seriespass FTSE Shariah4.5% |
| MU MICRON TECHNOLOGY INC | COMPLIANT | 5.94% | AAOIFI0.6% Usmani6.7% Dow Jones Islamic1.8% S&P Shariah2.4% MSCI Islamic4.8% MSCI Islamic M-Series2.4% FTSE Shariah4.3% |
| 2383.TW ELITE MATERIAL COMPANY LTD | COMPLIANT | 4.93% | AAOIFI1.0% Usmani19.2% Dow Jones Islamic— S&P Shariah— MSCI Islamic18.6% MSCI Islamic M-Series— FTSE Shariah18.6% |
| EUGENE TECHNOLOGY CO LTD | UNSCREENED | 4.54% | no in-house ratios for this holding |
| BANDHANBNK.NS BANDHAN BANK LTD | NON_COMPLIANT | 3.92% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| JP MORGAN US GOVT CAPITAL | UNSCREENED | 3.53% | no in-house ratios for this holding |
| MARICO.NS MARICO LTD | COMPLIANT | 2.90% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 267260.KS HD HYUNDAI ELECTRIC CO LTD | COMPLIANT | 2.50% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| LRCX LAM RESEARCH CORP | COMPLIANT | 2.29% | AAOIFI1.0% Usmani17.5% Dow Jones Islamic2.1% S&P Shariah2.4% MSCI Islamic17.5% MSCI Islamic M-Series2.4% FTSE Shariah15.8% |
| LEGN LEGEND BIOTECH CORP | COMPLIANT | 2.16% | AAOIFI8.8% Usmani18.4% Dow Jones Islamic2.9% S&P Shariah2.3% MSCI Islamic18.4% MSCI Islamic M-Series2.3% FTSE Shariah18.4% |
| 300750.SZ CONTEMPORARY AMPEREX TECHNOLOGY CO LTD | COMPLIANT | 2.12% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| 2308.TW DELTA ELECTRONICS INC | COMPLIANT | 1.91% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| POYA INTERNATIONAL CO LTD | UNSCREENED | 1.81% | no in-house ratios for this holding |
| ASTOR.IS ASTOR ENERJI AS | COMPLIANT | 1.79% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| PIRAEUS BANK SA (NEW) | UNSCREENED | 1.72% | no in-house ratios for this holding |
| INDUSTOWER.NS INDUS TOWERS LTD | COMPLIANT | 1.60% | AAOIFIpass Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| INPST.AS INPOST SA | NON_COMPLIANT | 1.46% | AAOIFI31.0% Usmani81.9% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic59.4% MSCI Islamic M-Seriesfail FTSE Shariah59.4% |
| TLV.RO BANCA TRANSILVANIA SA | NON_COMPLIANT | 1.41% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ADVANCED MICRO-FABRICATION EQUIPMENT INC | UNSCREENED | 1.40% | no in-house ratios for this holding |
| LENSKART.NS LENSKART SOLUTIONS LTD | COMPLIANT | 1.36% | AAOIFI2.8% Usmani41.4% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic21.5% MSCI Islamic M-Seriespass FTSE Shariah21.5% |
| PHOENIXLTD.BO PHOENIX MILLS LTD (THE) | COMPLIANT | 1.35% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| AURAS TECHNOLOGY CO LTD | UNSCREENED | 1.25% | no in-house ratios for this holding |
| BABA ALIBABA GROUP HOLDING LTD | COMPLIANT | 1.13% | AAOIFI7.6% Usmani1.1% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic1.1% MSCI Islamic M-Series0.2% FTSE Shariah0.0% |
| OTP.BD OTP BANK NYRT | NON_COMPLIANT | 1.12% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SWIGGY.NS SWIGGY LTD | COMPLIANT | 1.11% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| 006400.KS SAMSUNG SDI COMPANY LTD | COMPLIANT | 1.05% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| TSM TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD | COMPLIANT | 1.04% | AAOIFI1.5% Usmani13.8% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic13.4% MSCI Islamic M-Series0.6% FTSE Shariah13.4% |
| NTPCGREEN.NS NTPC GREEN ENERGY LTD | NON_COMPLIANT | 1.03% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SABESP - COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO SA | UNSCREENED | 1.02% | no in-house ratios for this holding |
| 6618.HK JD HEALTH INTERNATIONAL INC | NON_COMPLIANT | 0.99% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| B3SA3.SA B3 - BRASIL BOLSA BALCAO SA | NON_COMPLIANT | 0.99% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| M&M.NS MAHINDRA & MAHINDRA LTD | NON_COMPLIANT | 0.96% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SHRIRAMFIN.BO SHRIRAM FINANCE LTD | NON_COMPLIANT | 0.89% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 2269.HK WUXI BIOLOGICS (CAYMAN) INC | COMPLIANT | 0.87% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| AKBNK.IS AKBANK TAS | NON_COMPLIANT | 0.85% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| GGAL GRUPO FINANCIERO GALICIA SA | NON_COMPLIANT | 0.83% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| HDFCAMC.NS HDFC ASSET MANAGEMENT COMPANY LTD | COMPLIANT | 0.78% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 6415.TW SILERGY CORP | COMPLIANT | 0.70% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| NU NU HOLDINGS LTD | NON_COMPLIANT | 0.70% | AAOIFI2.5% Usmani3.5% Dow Jones Islamic2.6% S&P Shariah2.8% MSCI Islamic3.5% MSCI Islamic M-Series2.8% FTSE Shariah3.5% |
| 600406.SS NARI TECHNOLOGY CO LTD | COMPLIANT | 0.66% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| 1111.SR SAUDI TADAWUL GROUP HOLDING COMPANY | NON_COMPLIANT | 0.65% | AAOIFI3.7% Usmani8.7% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic6.8% MSCI Islamic M-Seriesfail FTSE Shariah6.8% |
| INOXWIND.NS INOX WIND LTD | COMPLIANT | 0.62% | AAOIFI12.7% Usmani13.4% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic13.2% MSCI Islamic M-Seriespass FTSE Shariah13.2% |
| YDUQS PARTECIPACOES SA | UNSCREENED | 0.56% | no in-house ratios for this holding |
| M31 TECHNOLOGY CORP | UNSCREENED | 0.52% | no in-house ratios for this holding |
| 6533.TW ANDES TECHNOLOGY CORP | COMPLIANT | 0.51% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 006400.KS SAMSUNG SDI COMPANY LTD | COMPLIANT | 0.47% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| UNOMINDA.BO UNO MINDA LTD | COMPLIANT | 0.41% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 3690.HK MEITUAN LLC | NON_COMPLIANT | 0.39% | AAOIFIfail Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| YMM FULL TRUCK ALLIANCE CO LTD | NON_COMPLIANT | 0.37% | AAOIFI0.3% Usmani0.1% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.1% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| 601865.SS FLAT GLASS GROUP CO LTD | NON_COMPLIANT | 0.34% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| BANK RAKYAT INDONESIA (PERSERO) TBK | UNSCREENED | 0.34% | no in-house ratios for this holding |
| 1211.HK BYD COMPANY LTD | COMPLIANT | 0.28% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 0388.HK HONG KONG EXCHANGES AND CLEARING LTD | NON_COMPLIANT | 0.26% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| HIK.L HIKMA PHARMACEUTICALS PLC | NON_COMPLIANT | 0.22% | AAOIFIfail Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 2192.HK MEDLIVE TECHNOLOGY CO LTD | NON_COMPLIANT | 0.22% | AAOIFI0.2% Usmani0.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic0.2% MSCI Islamic M-Seriesfail FTSE Shariah0.2% |
| NAM LONG INVESTMENT CORP | UNSCREENED | 0.15% | no in-house ratios for this holding |
The published standards disagree about this fund by 40 points of portfolio weight — 64.6% of it passes AAOIFI, 24.8% 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 64.6% ratios fail on 18.7% 16.8% not rated under AAOIFI
ratios pass on 46.2% ratios fail on 36.0% 18.0% not rated under Usmani
ratios pass on 55.0% ratios fail on 20.1% 25.1% not rated under Dow Jones Islamic
ratios pass on 56.0% ratios fail on 19.1% 25.1% not rated under S&P Shariah
ratios pass on 24.8% ratios fail on 57.4% 18.0% not rated under MSCI Islamic
ratios pass on 55.3% ratios fail on 19.8% 25.1% not rated under MSCI Islamic M-Series
ratios pass on 37.6% ratios fail on 44.6% 18.0% not rated under FTSE Shariah
45 of 58 listed holdings carry our own per-methodology verdicts (83% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 15 (48% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| BANDHANBNK.NS BANDHAN BANK LTD | 3.92% |
| INPST.AS INPOST SA | 1.46% |
| TLV.RO BANCA TRANSILVANIA SA | 1.41% |
| OTP.BD OTP BANK NYRT | 1.12% |
| NTPCGREEN.NS NTPC GREEN ENERGY LTD | 1.03% |
| 6618.HK JD HEALTH INTERNATIONAL INC | 0.99% |
| B3SA3.SA B3 - BRASIL BOLSA BALCAO SA | 0.99% |
| M&M.NS MAHINDRA & MAHINDRA LTD | 0.96% |
| SHRIRAMFIN.BO SHRIRAM FINANCE LTD | 0.89% |
| AKBNK.IS AKBANK TAS | 0.85% |
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.
Matthews Emerging Markets Sustainable Future Active ETF (EMSF) 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 EMSF — 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) | 45.50 | NEUTRAL |
| Stochastic %K (14) | 75.16 | NEUTRAL |
| CCI (20) | -7.54 | NEUTRAL |
| Williams %R (14) | -24.84 | NEUTRAL |
| MACD (12,26,9) | 0.07 | BUY |
| ROC (10) | -2.08 | SELL |
| Momentum (10) | -0.75 | SELL |
| EMA (10) | 34.59 | BUY |
| SMA (10) | 34.38 | BUY |
| EMA (20) | 35.37 | SELL |
| SMA (20) | 35.22 | SELL |
| EMA (30) | 36.06 | SELL |
| SMA (30) | 36.62 | SELL |
| EMA (50) | 36.92 | SELL |
| SMA (50) | 37.72 | SELL |
| EMA (100) | 37.47 | SELL |
| SMA (100) | 38.46 | SELL |
| EMA (200) | 35.81 | SELL |
| SMA (200) | 37.00 | SELL |
About Matthews Emerging Markets Sustainable Future Active ETF
Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in the common and preferred stocks of companies of any market capitalization located in emerging market countries that satisfy one or more of the fund’s environmental, social and governance (“ESG”) standards. The fund is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
Average — needs more confirmation before sizing up
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 | 43 |
| ⏱ 15-Min | RANGING | 55 |
| ⏲ 5-Min | BULLISH | 166 |
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 2026-11-03 · 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.