EPEMETF / FundHarbor Emerging Markets Equity ETF
Verdicts genuinely change. Free email alert the moment EPEM'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.
Harbor Emerging Markets Equity ETF ETF · Harbor ETF Trust
42 holdings · as of 2026-07-31 (3.4 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 47.50% of portfolio weight is in non-compliant holdings, over the 5% threshold.
42 holdings, 36 matched (92% of weight). Portfolio as of 2026-07-31, filed 2026-09-25. Source: SEC Form N-PORT.
6.16% of this portfolio’s income is non-permissible — weighted across holdings, computed over 73% of portfolio weight (27 of 42 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.
41.1% compliant 0.0% questionable 47.5% non-compliant 7.5% unscreened
All holdings (42)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| TSM Taiwan Semiconductor Manufacturing Co Ltd | COMPLIANT | 13.93% | 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 | 7.62% | AAOIFI1.4% Usmani5.3% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.5% MSCI Islamic M-Seriespass FTSE Shariah4.5% |
| CIBEST.CL Grupo Cibest SA | NON_COMPLIANT | 4.39% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ASX ASE Technology Holding Co Ltd | COMPLIANT | 3.83% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| 2454.TW MediaTek Inc | COMPLIANT | 3.56% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 2317.TW Hon Hai Precision Industry Co Ltd | NON_COMPLIANT | 3.55% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 2377.TW Micro-Star International Co Ltd | COMPLIANT | 3.26% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 0700.HK Tencent Holdings Ltd | COMPLIANT | 3.15% | AAOIFIpass Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| 0358.HK Jiangxi Copper Co Ltd | NON_COMPLIANT | 2.78% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 2338.HK Weichai Power Co Ltd | NON_COMPLIANT | 2.34% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| YUMC Yum China Holdings Inc | NON_COMPLIANT | 2.31% | AAOIFI14.8% Usmani21.2% Dow Jones Islamic13.5% S&P Shariah14.0% MSCI Islamic20.7% MSCI Islamic M-Series14.0% FTSE Shariah0.6% |
| ICICIBANK.NS ICICI Bank Ltd | NON_COMPLIANT | 2.29% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 192820.KS Cosmax Inc | COMPLIANT | 2.27% | AAOIFIpass Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| KOMB.PR Komercni Banka AS | NON_COMPLIANT | 2.26% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 1211.HK BYD Co Ltd | COMPLIANT | 2.23% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| XP XP Inc | NON_COMPLIANT | 2.22% | AAOIFI15.5% Usmani0.5% Dow Jones Islamic3.1% S&P Shariah2.9% MSCI Islamic0.5% MSCI Islamic M-Series2.9% FTSE Shariah0.5% |
| FSR.JO FirstRand Ltd | NON_COMPLIANT | 2.14% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BIDU Baidu Inc | NON_COMPLIANT | 2.09% | AAOIFI156.9% Usmani11.2% Dow Jones Islamic2.5% S&P Shariah2.5% MSCI Islamic11.2% MSCI Islamic M-Series2.5% FTSE Shariah9.5% |
| HDFCBANK.NS HDFC Bank Ltd | NON_COMPLIANT | 2.07% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Sociedad Quimica y Minera de Chile SA | UNSCREENED | 2.05% | no in-house ratios for this holding |
| ABEV3.SA Ambev SA | NON_COMPLIANT | 1.96% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 2313.HK Shenzhou International Group Holdings Ltd | NON_COMPLIANT | 1.95% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Grupo Financiero Banorte SAB d | UNSCREENED | 1.86% | no in-house ratios for this holding |
| 2588.HK BOC Aviation Ltd | NON_COMPLIANT | 1.77% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| KPCPF Kasikornbank PCL | NON_COMPLIANT | 1.49% | AAOIFI39.4% Usmani4.9% Dow Jones Islamic57.8% S&P Shariah66.8% MSCI Islamic4.9% MSCI Islamic M-Series66.8% FTSE Shariah4.9% |
| ITUB3.SA Itau Unibanco Holding SA | NON_COMPLIANT | 1.44% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 0696.HK TravelSky Technology Ltd | NON_COMPLIANT | 1.34% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BBDC3.SA Banco Bradesco SA | NON_COMPLIANT | 1.31% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| PTXLF PTT Exploration & Production PCL | COMPLIANT | 1.29% | AAOIFI26.2% Usmani17.4% Dow Jones Islamic28.8% S&P Shariah28.8% MSCI Islamic13.6% MSCI Islamic M-Series28.8% FTSE Shariah13.6% |
| PETR3.SA Petroleo Brasileiro SA - Petrobras | NON_COMPLIANT | 1.09% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| Poly Property Services Co Ltd | UNSCREENED | 1.05% | no in-house ratios for this holding |
| 1216.TW Uni-President Enterprises Corp | NON_COMPLIANT | 1.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 1099.HK Sinopharm Group Co Ltd | NON_COMPLIANT | 1.01% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Bank Rakyat Indonesia Persero | UNSCREENED | 1.01% | no in-house ratios for this holding |
| Feng TAY Enterprise Co Ltd | UNSCREENED | 0.94% | no in-house ratios for this holding |
| ECOPETROL.CL Ecopetrol SA | NON_COMPLIANT | 0.93% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NY1.JO Ninety One Ltd | NON_COMPLIANT | 0.93% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| INDF.JK Indofood Sukses Makmur Tbk PT | NON_COMPLIANT | 0.89% | AAOIFI124.4% Usmani34.6% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic34.4% MSCI Islamic M-Seriesfail FTSE Shariah34.4% |
| 1398.HK Industrial & Commercial Bank of China Ltd | NON_COMPLIANT | 0.82% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 2196.HK Shanghai Fosun Pharmaceutical Group Co Ltd | NON_COMPLIANT | 0.70% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| CJ Corp | UNSCREENED | 0.56% | no in-house ratios for this holding |
| GCB.F PTT Global Chemical PCL | NON_COMPLIANT | 0.40% | AAOIFI90.0% Usmani34.1% Dow Jones Islamic— S&P Shariah— MSCI Islamic29.7% MSCI Islamic M-Series— FTSE Shariah29.7% |
The published standards disagree about this fund by 22 points of portfolio weight — 39.6% of it passes AAOIFI, 17.6% 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 39.6% ratios fail on 45.2% 11.3% not rated under AAOIFI
ratios pass on 23.6% ratios fail on 58.0% 14.4% not rated under Usmani
ratios pass on 34.2% ratios fail on 47.1% 14.8% not rated under Dow Jones Islamic
ratios pass on 36.2% ratios fail on 45.1% 14.8% not rated under S&P Shariah
ratios pass on 17.6% ratios fail on 63.7% 14.8% not rated under MSCI Islamic
ratios pass on 30.9% ratios fail on 50.3% 14.8% not rated under MSCI Islamic M-Series
ratios pass on 24.4% ratios fail on 56.9% 14.8% not rated under FTSE Shariah
36 of 42 listed holdings carry our own per-methodology verdicts (89% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 9 (32% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| CIBEST.CL Grupo Cibest SA | 4.39% |
| 2317.TW Hon Hai Precision Industry Co Ltd | 3.55% |
| 0358.HK Jiangxi Copper Co Ltd | 2.78% |
| 2338.HK Weichai Power Co Ltd | 2.34% |
| YUMC Yum China Holdings Inc | 2.31% |
| ICICIBANK.NS ICICI Bank Ltd | 2.29% |
| KOMB.PR Komercni Banka AS | 2.26% |
| XP XP Inc | 2.22% |
| FSR.JO FirstRand Ltd | 2.14% |
| BIDU Baidu Inc | 2.09% |
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.
Harbor Emerging Markets Equity ETF (EPEM) 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 EPEM — 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) | 45.50 | NEUTRAL |
| Stochastic %K (14) | 55.24 | NEUTRAL |
| CCI (20) | -26.28 | NEUTRAL |
| Williams %R (14) | -44.76 | NEUTRAL |
| MACD (12,26,9) | -0.03 | SELL |
| ROC (10) | -2.73 | SELL |
| Momentum (10) | -0.80 | SELL |
| EMA (10) | 28.07 | BUY |
| SMA (10) | 27.87 | BUY |
| EMA (20) | 28.57 | SELL |
| SMA (20) | 28.68 | SELL |
| EMA (30) | 28.93 | SELL |
| SMA (30) | 29.36 | SELL |
| EMA (50) | 29.26 | SELL |
| SMA (50) | 29.77 | SELL |
| EMA (100) | 29.21 | SELL |
| SMA (100) | 29.54 | SELL |
| EMA (200) | 27.98 | BUY |
| SMA (200) | 28.45 | SELL |
About Harbor Emerging Markets Equity ETF
The fund invests primarily in equity securities, principally common stocks, of emerging markets companies. Under normal circumstances, the fund invests at least 80% of its net assets, plus borrowings for investment purposes, in equity securities of companies that are tied economically to emerging market countries.
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 | BULLISH | 43 |
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.