Verdicts genuinely change. Free email alert the moment FDERX'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.
Federated Hermes Strategic Dividend Growth Fund, Inc. f/k/a Federated Hermes Equity Income Fund, Inc.
54 holdings
NON-COMPLIANT 59.35% of portfolio weight is in non-compliant holdings, over the 5% threshold.
54 holdings, 50 matched (93% of weight). Portfolio as of 2026-05-31, filed 2026-07-27. Source: SEC Form N-PORT.
0.80% of this portfolio’s income is non-permissible — weighted across holdings, computed over 62% of portfolio weight (36 of 54 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.
33.6% compliant 0.0% questionable 59.4% non-compliant 6.6% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| DRI DARDEN RESTAURANTS INC | NON_COMPLIANT | 3.41% | AAOIFI25.3% Usmani62.3% Dow Jones Islamic28.6% S&P Shariah30.9% MSCI Islamic48.7% MSCI Islamic M-Series30.9% FTSE Shariah18.1% |
| PAYX PAYCHEX INC | COMPLIANT | 3.21% | AAOIFI13.2% Usmani29.6% Dow Jones Islamic10.7% S&P Shariah11.0% MSCI Islamic29.6% MSCI Islamic M-Series11.0% FTSE Shariah29.1% |
| ABBV ABBVIE INC | COMPLIANT | 3.16% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| BAC BANK OF AMERICA CORP | NON_COMPLIANT | 3.09% | AAOIFI77.5% Usmani9.7% Dow Jones Islamic95.9% S&P Shariah105.7% MSCI Islamic9.7% MSCI Islamic M-Series105.7% FTSE Shariah9.7% |
| JP MORGAN CHASE & COMPANY | UNSCREENED | 3.08% | no in-house ratios for this holding |
| DTE.DE DEUTSCHE TELEKOM AG | NON_COMPLIANT | 2.86% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ETR ENTERGY CORP | NON_COMPLIANT | 2.79% | AAOIFI65.8% Usmani43.6% Dow Jones Islamic83.2% S&P Shariah99.2% MSCI Islamic43.5% MSCI Islamic M-Series99.2% FTSE Shariah43.1% |
| C CITIGROUP INC | NON_COMPLIANT | 2.78% | AAOIFI159.2% Usmani13.8% Dow Jones Islamic214.6% S&P Shariah251.0% MSCI Islamic13.8% MSCI Islamic M-Series251.0% FTSE Shariah13.8% |
| COP CONOCOPHILLIPS | COMPLIANT | 2.67% | AAOIFI14.4% Usmani18.7% Dow Jones Islamic19.1% S&P Shariah18.8% MSCI Islamic18.7% MSCI Islamic M-Series18.8% FTSE Shariah18.7% |
| TRGP TARGA RESOURCES CORP | NON_COMPLIANT | 2.65% | AAOIFI31.5% Usmani71.4% Dow Jones Islamic46.4% S&P Shariah55.1% MSCI Islamic68.7% MSCI Islamic M-Series55.1% FTSE Shariah68.7% |
| CFG CITIZENS FINANCIAL GROUP INC | NON_COMPLIANT | 2.58% | AAOIFI92.6% Usmani11.8% Dow Jones Islamic125.5% S&P Shariah143.3% MSCI Islamic11.8% MSCI Islamic M-Series143.3% FTSE Shariah11.8% |
| AMGN AMGEN INC | COMPLIANT | 2.56% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| BATS.L BRITISH AMERICAN TOBACCO PLC | NON_COMPLIANT | 2.45% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| PNC PNC FINANCIAL SERVICES GROUP INC (THE) | NON_COMPLIANT | 2.44% | AAOIFI87.5% Usmani13.9% Dow Jones Islamic110.0% S&P Shariah122.6% MSCI Islamic13.9% MSCI Islamic M-Series122.6% FTSE Shariah13.9% |
| WEC WEC ENERGY GROUP INC | NON_COMPLIANT | 2.40% | AAOIFI57.5% Usmani39.9% Dow Jones Islamic61.9% S&P Shariah68.5% MSCI Islamic39.1% MSCI Islamic M-Series68.5% FTSE Shariah39.1% |
| DOX AMDOCS LTD | COMPLIANT | 2.38% | AAOIFI12.6% Usmani12.4% Dow Jones Islamic9.2% S&P Shariah8.9% MSCI Islamic12.4% MSCI Islamic M-Series8.9% FTSE Shariah10.1% |
| PM PHILIP MORRIS INTERNATIONAL INC | NON_COMPLIANT | 2.32% | AAOIFI16.1% Usmani66.9% Dow Jones Islamic18.9% S&P Shariah22.1% MSCI Islamic66.9% MSCI Islamic M-Series22.1% FTSE Shariah66.9% |
| PPL PPL CORP | NON_COMPLIANT | 2.30% | AAOIFI77.2% Usmani43.2% Dow Jones Islamic78.6% S&P Shariah86.6% MSCI Islamic43.2% MSCI Islamic M-Series86.6% FTSE Shariah43.2% |
| ABT ABBOTT LABORATORIES | COMPLIANT | 2.20% | AAOIFI19.2% Usmani31.9% Dow Jones Islamic17.6% S&P Shariah18.3% MSCI Islamic31.9% MSCI Islamic M-Series18.3% FTSE Shariah30.8% |
| TXN TEXAS INSTRUMENTS INC | COMPLIANT | 2.19% | AAOIFI5.9% Usmani39.2% Dow Jones Islamic7.6% S&P Shariah8.1% MSCI Islamic39.2% MSCI Islamic M-Series8.1% FTSE Shariah39.2% |
| MDT MEDTRONIC PLC | COMPLIANT | 2.12% | AAOIFI24.4% Usmani31.5% Dow Jones Islamic26.4% S&P Shariah27.4% MSCI Islamic31.4% MSCI Islamic M-Series27.4% FTSE Shariah30.2% |
| US BANCORP | UNSCREENED | 2.12% | no in-house ratios for this holding |
| CME CME GROUP INC | NON_COMPLIANT | 2.09% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| ZURN.SW ZURICH INSURANCE GROUP AG | NON_COMPLIANT | 2.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| XEL XCEL ENERGY INC | NON_COMPLIANT | 2.04% | AAOIFI82.6% Usmani47.8% Dow Jones Islamic94.9% S&P Shariah105.9% MSCI Islamic46.3% MSCI Islamic M-Series105.9% FTSE Shariah45.3% |
| AMT AMERICAN TOWER CORP | NON_COMPLIANT | 2.01% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| WFC WELLS FARGO & COMPANY | NON_COMPLIANT | 1.94% | AAOIFI80.2% Usmani9.1% Dow Jones Islamic84.8% S&P Shariah93.9% MSCI Islamic9.1% MSCI Islamic M-Series93.9% FTSE Shariah9.1% |
| CNP CENTERPOINT ENERGY INC | NON_COMPLIANT | 1.91% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| GSK GSK PLC | COMPLIANT | 1.90% | AAOIFI19.2% Usmani23.6% Dow Jones Islamic10.6% S&P Shariah11.2% MSCI Islamic23.6% MSCI Islamic M-Series11.2% FTSE Shariah23.6% |
| EQIX EQUINIX INC | COMPLIANT | 1.88% | AAOIFI20.7% Usmani57.3% Dow Jones Islamic24.8% S&P Shariah26.3% MSCI Islamic51.7% MSCI Islamic M-Series26.3% FTSE Shariah48.4% |
| ATO Atmos Energy Corp | NON_COMPLIANT | 1.73% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| NEE NEXTERA ENERGY INC | NON_COMPLIANT | 1.70% | AAOIFI55.9% Usmani44.2% Dow Jones Islamic61.0% S&P Shariah66.0% MSCI Islamic44.2% MSCI Islamic M-Series66.0% FTSE Shariah44.2% |
| PLD PROLOGIS INC | COMPLIANT | 1.62% | AAOIFI25.8% Usmani35.3% Dow Jones Islamic31.2% S&P Shariah32.1% MSCI Islamic35.3% MSCI Islamic M-Series32.1% FTSE Shariah35.3% |
| PG PROCTER & GAMBLE COMPANY (THE) | COMPLIANT | 1.44% | AAOIFI8.9% Usmani23.9% Dow Jones Islamic8.5% S&P Shariah8.5% MSCI Islamic23.9% MSCI Islamic M-Series8.5% FTSE Shariah23.2% |
| BNY BANK OF NEW YORK MELLON CORP (THE) | NON_COMPLIANT | 1.33% | AAOIFI27.2% Usmani5.8% Dow Jones Islamic41.5% S&P Shariah49.3% MSCI Islamic5.8% MSCI Islamic M-Series49.3% FTSE Shariah5.8% |
| KPN.AS KONINKLIJKE KPN NV | NON_COMPLIANT | 1.28% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| KIM KIMCO REALTY CORP | NON_COMPLIANT | 1.11% | AAOIFI51.8% Usmani38.5% Dow Jones Islamic53.4% S&P Shariah57.2% MSCI Islamic38.5% MSCI Islamic M-Series57.2% FTSE Shariah38.5% |
| SNA SNAP-ON INC | NON_COMPLIANT | 1.11% | AAOIFI6.5% Usmani15.0% Dow Jones Islamic7.3% S&P Shariah7.9% MSCI Islamic14.9% MSCI Islamic M-Series7.9% FTSE Shariah13.7% |
| AWK AMERICAN WATER WORKS COMPANY INC | NON_COMPLIANT | 1.10% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| MKC MCCORMICK & CO. INC | NON_COMPLIANT | 1.09% | AAOIFI25.8% Usmani21.9% Dow Jones Islamic20.4% S&P Shariah20.4% MSCI Islamic21.9% MSCI Islamic M-Series20.4% FTSE Shariah21.9% |
| KO COCA-COLA COMPANY (THE) | COMPLIANT | 1.08% | AAOIFI11.9% Usmani43.4% Dow Jones Islamic14.9% S&P Shariah15.9% MSCI Islamic43.4% MSCI Islamic M-Series15.9% FTSE Shariah41.8% |
| WMB WILLIAMS COMPANIES INC (THE) | NON_COMPLIANT | 1.07% | AAOIFI35.0% Usmani50.0% Dow Jones Islamic41.0% S&P Shariah47.9% MSCI Islamic50.0% MSCI Islamic M-Series47.9% FTSE Shariah50.0% |
| WSO WATSCO INC | COMPLIANT | 1.04% | AAOIFI7.1% Usmani17.8% Dow Jones Islamic5.3% S&P Shariah5.4% MSCI Islamic17.6% MSCI Islamic M-Series5.4% FTSE Shariah9.6% |
| HSY HERSHEY COMPANY (THE) | COMPLIANT | 1.03% | AAOIFI15.8% Usmani39.9% Dow Jones Islamic13.9% S&P Shariah13.9% MSCI Islamic39.4% MSCI Islamic M-Series13.9% FTSE Shariah37.1% |
| SYY SYSCO CORP | NON_COMPLIANT | 1.01% | AAOIFI38.2% Usmani54.1% Dow Jones Islamic41.2% S&P Shariah41.9% MSCI Islamic52.7% MSCI Islamic M-Series41.9% FTSE Shariah47.6% |
| AMCR AMCOR PLC | NON_COMPLIANT | 0.98% | AAOIFI71.8% Usmani41.9% Dow Jones Islamic93.4% S&P Shariah101.7% MSCI Islamic41.8% MSCI Islamic M-Series101.7% FTSE Shariah38.9% |
| PEP PEPSICO INC | COMPLIANT | 0.98% | AAOIFI23.4% Usmani39.4% Dow Jones Islamic22.7% S&P Shariah22.0% MSCI Islamic39.4% MSCI Islamic M-Series22.0% FTSE Shariah39.4% |
| DKS DICKS SPORTING GOODS INC | NON_COMPLIANT | 0.93% | AAOIFI48.9% Usmani33.2% Dow Jones Islamic33.0% S&P Shariah35.5% MSCI Islamic33.2% MSCI Islamic M-Series35.5% FTSE Shariah0.0% |
| BRIXMOR PROPERTY GROUP INC | UNSCREENED | 0.87% | no in-house ratios for this holding |
| MCD MCDONALD'S CORP | NON_COMPLIANT | 0.83% | AAOIFI29.7% Usmani91.1% Dow Jones Islamic26.3% S&P Shariah27.2% MSCI Islamic91.1% MSCI Islamic M-Series27.2% FTSE Shariah66.5% |
| MDLZ MONDELEZ INTERNATIONAL INC | COMPLIANT | 0.81% | AAOIFI24.4% Usmani27.5% Dow Jones Islamic24.3% S&P Shariah23.4% MSCI Islamic26.9% MSCI Islamic M-Series23.4% FTSE Shariah25.8% |
| NKE NIKE INC | COMPLIANT | 0.75% | AAOIFI19.4% Usmani28.7% Dow Jones Islamic21.0% S&P Shariah18.2% MSCI Islamic28.7% MSCI Islamic M-Series18.2% FTSE Shariah20.7% |
| ACN ACCENTURE PLC | COMPLIANT | 0.55% | AAOIFI7.7% Usmani12.2% Dow Jones Islamic5.0% S&P Shariah4.7% MSCI Islamic12.2% MSCI Islamic M-Series4.7% FTSE Shariah7.5% |
| FEDERATED HERMES MONEY MARKET OBLIGATIONS TRUST | UNSCREENED | 0.52% | no in-house ratios for this holding |
The published standards disagree about this fund by 19 points of portfolio weight — 37.4% of it passes AAOIFI, 18.5% 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 37.4% ratios fail on 41.8% 20.4% not rated under AAOIFI
ratios pass on 18.9% ratios fail on 47.4% 33.2% not rated under Usmani
ratios pass on 37.4% ratios fail on 41.8% 20.4% not rated under Dow Jones Islamic
ratios pass on 37.4% ratios fail on 41.8% 20.4% not rated under S&P Shariah
ratios pass on 18.5% ratios fail on 47.8% 33.2% not rated under MSCI Islamic
ratios pass on 37.4% ratios fail on 41.8% 20.4% not rated under MSCI Islamic M-Series
ratios pass on 23.2% ratios fail on 43.1% 33.2% not rated under FTSE Shariah
50 of 54 listed holdings carry our own per-methodology verdicts (93% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 39 (70% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| DRI DARDEN RESTAURANTS INC | 3.41% |
| BAC BANK OF AMERICA CORP | 3.09% |
| DTE.DE DEUTSCHE TELEKOM AG | 2.86% |
| ETR ENTERGY CORP | 2.79% |
| C CITIGROUP INC | 2.78% |
| TRGP TARGA RESOURCES CORP | 2.65% |
| CFG CITIZENS FINANCIAL GROUP INC | 2.58% |
| BATS.L BRITISH AMERICAN TOBACCO PLC | 2.45% |
| PNC PNC FINANCIAL SERVICES GROUP INC (THE) | 2.44% |
| WEC WEC ENERGY GROUP INC | 2.40% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Federated Hermes Strategic Dividend Growth Fund, Inc. f/k/a Federated Hermes Equity Income Fund, Inc. (FDERX) 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.
HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A holding it cannot cover far enough is reported as unrated rather than counted as a pass.
| Holding | Weight | Verdict |
|---|---|---|
| DRIDARDEN RESTAURANTS INC | 3.41% | Non-compliant |
| PAYXPAYCHEX INC | 3.21% | Compliant |
| ABBVABBVIE INC | 3.16% | Compliant |
| BACBANK OF AMERICA CORP | 3.09% | Non-compliant |
| JP MORGAN CHASE & COMPANYnot matched to a ticker | 3.08% | Not screened |
| DTE.DEDEUTSCHE TELEKOM AG | 2.86% | Non-compliant |
| ETRENTERGY CORP | 2.79% | Non-compliant |
| CCITIGROUP INC | 2.78% | Non-compliant |
| COPCONOCOPHILLIPS | 2.67% | Compliant |
| TRGPTARGA RESOURCES CORP | 2.65% | Non-compliant |
Top 10 of 54 holdings, 29.7% of the fund by weight. Every holding is screened, not only these.
The positions keeping this fund short of 100% compliant by weight.
Verdict history for FDERX. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
ℹ️ no compliance scan has run for 3 days - this is not a reading of today
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
This fund prices once a day, so its bars carry no intraday high or low — floor-trader pivots are not defined for it.
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.
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.
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 41.40 | NEUTRAL |
| Stochastic %K (14) | 55.80 | NEUTRAL |
| CCI (20) | -14.86 | NEUTRAL |
| Williams %R (14) | -44.20 | NEUTRAL |
| MACD (12,26,9) | 0.04 | BUY |
| ROC (10) | 0.24 | BUY |
| Momentum (10) | 0.05 | BUY |
| EMA (10) | 21.18 | BUY |
| SMA (10) | 21.06 | BUY |
| EMA (20) | 21.37 | SELL |
| SMA (20) | 21.35 | SELL |
| EMA (30) | 21.55 | SELL |
| SMA (30) | 21.68 | SELL |
| EMA (50) | 21.73 | SELL |
| SMA (50) | 22.04 | SELL |
| EMA (100) | 21.72 | SELL |
| SMA (100) | 21.89 | SELL |
| EMA (200) | 21.26 | BUY |
| SMA (200) | 21.43 | SELL |
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
The questions worth asking about any verdict on this page, answered plainly.
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.
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.
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.
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.
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.
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.