NEQCXETF / FundNeuberger Berman U.S. Equity Impact Fund
Verdicts genuinely change. Free email alert the moment NEQCX'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.
Neuberger Berman U.S. Equity Impact Fund · NEUBERGER BERMAN EQUITY FUNDS
45 holdings
NON-COMPLIANT 16.91% of portfolio weight is in non-compliant holdings, over the 5% threshold.
45 holdings, 40 matched (92% of weight). Portfolio as of 2025-11-30, filed 2026-01-26. Source: SEC Form N-PORT.
1.48% of this portfolio’s income is non-permissible — weighted across holdings, computed over 91% of portfolio weight (39 of 45 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.
73.3% compliant 1.9% questionable 16.9% non-compliant 7.9% unscreened
All holdings (45)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| NVDA NVIDIA Corp | COMPLIANT | 6.12% | AAOIFI1.1% Usmani12.1% Dow Jones Islamic0.9% S&P Shariah1.1% MSCI Islamic12.1% MSCI Islamic M-Series1.1% FTSE Shariah10.4% |
| PNR Pentair PLC | COMPLIANT | 4.58% | AAOIFI19.0% Usmani25.1% Dow Jones Islamic11.6% S&P Shariah12.5% MSCI Islamic25.1% MSCI Islamic M-Series12.5% FTSE Shariah23.2% |
| Brookfield Renewable Corp | UNSCREENED | 4.25% | no in-house ratios for this holding |
| AVGO Broadcom Inc | COMPLIANT | 4.00% | AAOIFI3.8% Usmani32.5% Dow Jones Islamic4.4% S&P Shariah5.5% MSCI Islamic32.5% MSCI Islamic M-Series5.5% FTSE Shariah32.5% |
| NEE NextEra Energy Inc | NON_COMPLIANT | 3.91% | AAOIFI55.9% Usmani44.2% Dow Jones Islamic61.0% S&P Shariah66.0% MSCI Islamic44.2% MSCI Islamic M-Series66.0% FTSE Shariah44.2% |
| TT Trane Technologies PLC | COMPLIANT | 3.75% | AAOIFI4.5% Usmani19.3% Dow Jones Islamic5.0% S&P Shariah5.5% MSCI Islamic19.3% MSCI Islamic M-Series5.5% FTSE Shariah19.3% |
| ECL Ecolab Inc | COMPLIANT | 3.67% | AAOIFI17.0% Usmani44.6% Dow Jones Islamic18.1% S&P Shariah19.4% MSCI Islamic44.6% MSCI Islamic M-Series19.4% FTSE Shariah44.0% |
| LLY Eli Lilly & Co | COMPLIANT | 3.62% | AAOIFI5.2% Usmani38.6% Dow Jones Islamic6.4% S&P Shariah6.9% MSCI Islamic38.6% MSCI Islamic M-Series6.9% FTSE Shariah38.6% |
| BSX Boston Scientific Corp | COMPLIANT | 3.61% | AAOIFI19.4% Usmani27.9% Dow Jones Islamic10.0% S&P Shariah10.9% MSCI Islamic27.9% MSCI Islamic M-Series10.9% FTSE Shariah27.9% |
| WAB Westinghouse Air Brake Technologies Corp | COMPLIANT | 3.47% | AAOIFI13.3% Usmani28.4% Dow Jones Islamic17.8% S&P Shariah20.1% MSCI Islamic28.4% MSCI Islamic M-Series20.1% FTSE Shariah28.4% |
| HCA HCA Healthcare Inc | NON_COMPLIANT | 3.44% | AAOIFI57.2% Usmani82.9% Dow Jones Islamic53.5% S&P Shariah56.7% MSCI Islamic81.7% MSCI Islamic M-Series56.7% FTSE Shariah78.1% |
| MSI Motorola Solutions Inc | COMPLIANT | 3.40% | AAOIFI12.4% Usmani50.0% Dow Jones Islamic13.4% S&P Shariah14.5% MSCI Islamic50.0% MSCI Islamic M-Series14.5% FTSE Shariah46.9% |
| ICE Intercontinental Exchange Inc | NON_COMPLIANT | 2.76% | AAOIFI23.2% Usmani11.8% Dow Jones Islamic22.5% S&P Shariah24.2% MSCI Islamic11.8% MSCI Islamic M-Series24.2% FTSE Shariah11.4% |
| CSX CSX Corp | COMPLIANT | 2.72% | AAOIFI21.8% Usmani43.3% Dow Jones Islamic27.6% S&P Shariah28.4% MSCI Islamic43.3% MSCI Islamic M-Series28.4% FTSE Shariah42.2% |
| CP Canadian Pacific Kansas City Ltd | COMPLIANT | 2.42% | AAOIFI23.2% Usmani28.2% Dow Jones Islamic24.6% S&P Shariah24.4% MSCI Islamic28.2% MSCI Islamic M-Series24.4% FTSE Shariah28.2% |
| DE Deere & Co | NON_COMPLIANT | 2.40% | AAOIFI9.1% Usmani15.9% Dow Jones Islamic12.7% S&P Shariah13.8% MSCI Islamic15.9% MSCI Islamic M-Series13.8% FTSE Shariah15.9% |
| NVT nVent Electric PLC | COMPLIANT | 2.39% | AAOIFI6.2% Usmani22.8% Dow Jones Islamic10.2% S&P Shariah11.5% MSCI Islamic22.8% MSCI Islamic M-Series11.5% FTSE Shariah20.9% |
| TMO Thermo Fisher Scientific Inc | COMPLIANT | 2.30% | AAOIFI20.5% Usmani40.3% Dow Jones Islamic23.4% S&P Shariah22.9% MSCI Islamic40.3% MSCI Islamic M-Series22.9% FTSE Shariah40.3% |
| TRMB Trimble Inc | COMPLIANT | 2.28% | AAOIFI10.6% Usmani17.1% Dow Jones Islamic8.8% S&P Shariah9.4% MSCI Islamic17.1% MSCI Islamic M-Series9.4% FTSE Shariah17.1% |
| COHR Coherent Corp | COMPLIANT | 2.19% | AAOIFI6.0% Usmani19.3% Dow Jones Islamic12.1% S&P Shariah15.9% MSCI Islamic19.3% MSCI Islamic M-Series15.9% FTSE Shariah17.6% |
| TYL Tyler Technologies Inc | COMPLIANT | 2.12% | AAOIFI9.8% Usmani25.0% Dow Jones Islamic7.0% S&P Shariah7.2% MSCI Islamic25.0% MSCI Islamic M-Series7.2% FTSE Shariah24.2% |
| INTU Intuit Inc | COMPLIANT | 2.00% | AAOIFI9.9% Usmani22.9% Dow Jones Islamic5.4% S&P Shariah5.3% MSCI Islamic22.9% MSCI Islamic M-Series5.3% FTSE Shariah20.8% |
| VLTO Veralto Corp | COMPLIANT | 2.00% | AAOIFI12.4% Usmani37.5% Dow Jones Islamic11.8% S&P Shariah12.2% MSCI Islamic37.5% MSCI Islamic M-Series12.2% FTSE Shariah34.8% |
| VRSK Verisk Analytics Inc | QUESTIONABLE | 1.95% | AAOIFI18.2% Usmani101.0% Dow Jones Islamic13.7% S&P Shariah13.5% MSCI Islamic100.6% MSCI Islamic M-Series13.5% FTSE Shariah97.3% |
| STE STERIS PLC | COMPLIANT | 1.90% | AAOIFI9.4% Usmani19.1% Dow Jones Islamic9.1% S&P Shariah9.3% MSCI Islamic19.1% MSCI Islamic M-Series9.3% FTSE Shariah17.6% |
| Xylem Inc/NY | UNSCREENED | 1.89% | no in-house ratios for this holding |
| ADI Analog Devices Inc | COMPLIANT | 1.87% | AAOIFI4.6% Usmani16.8% Dow Jones Islamic6.1% S&P Shariah6.8% MSCI Islamic16.8% MSCI Islamic M-Series6.8% FTSE Shariah16.8% |
| UBER Uber Technologies Inc | COMPLIANT | 1.86% | AAOIFI9.5% Usmani22.4% Dow Jones Islamic8.9% S&P Shariah9.6% MSCI Islamic22.4% MSCI Islamic M-Series9.6% FTSE Shariah19.3% |
| DHR Danaher Corp | COMPLIANT | 1.81% | AAOIFI18.2% Usmani28.8% Dow Jones Islamic17.7% S&P Shariah16.7% MSCI Islamic28.8% MSCI Islamic M-Series16.7% FTSE Shariah28.8% |
| DR Horton Inc | UNSCREENED | 1.56% | no in-house ratios for this holding |
| LIN Linde PLC | COMPLIANT | 1.54% | AAOIFI13.0% Usmani31.7% Dow Jones Islamic13.0% S&P Shariah13.4% MSCI Islamic31.7% MSCI Islamic M-Series13.4% FTSE Shariah31.7% |
| CL Colgate-Palmolive Co | COMPLIANT | 1.49% | AAOIFI10.5% Usmani46.6% Dow Jones Islamic11.2% S&P Shariah11.2% MSCI Islamic46.6% MSCI Islamic M-Series11.2% FTSE Shariah46.6% |
| BALL Ball Corp | NON_COMPLIANT | 1.48% | AAOIFI44.4% Usmani37.5% Dow Jones Islamic49.3% S&P Shariah46.1% MSCI Islamic37.5% MSCI Islamic M-Series46.1% FTSE Shariah35.7% |
| APTV Aptiv PLC | NON_COMPLIANT | 1.47% | AAOIFI60.4% Usmani31.6% Dow Jones Islamic39.4% S&P Shariah34.0% MSCI Islamic31.6% MSCI Islamic M-Series34.0% FTSE Shariah29.8% |
| RSG Republic Services Inc | COMPLIANT | 1.43% | AAOIFI21.1% Usmani40.7% Dow Jones Islamic21.0% S&P Shariah22.6% MSCI Islamic40.7% MSCI Islamic M-Series22.6% FTSE Shariah40.0% |
| ON ON Semiconductor Corp | COMPLIANT | 1.32% | AAOIFI16.9% Usmani34.9% Dow Jones Islamic18.0% S&P Shariah16.5% MSCI Islamic34.7% MSCI Islamic M-Series16.5% FTSE Shariah33.1% |
| HASI HA Sustainable Infrastructure Capital Inc | NON_COMPLIANT | 1.29% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| STN Stantec Inc | COMPLIANT | 0.92% | AAOIFI16.0% Usmani22.9% Dow Jones Islamic13.0% S&P Shariah13.7% MSCI Islamic22.9% MSCI Islamic M-Series13.7% FTSE Shariah22.9% |
| MRK Merck & Co Inc | COMPLIANT | 0.83% | AAOIFI14.7% Usmani41.5% Dow Jones Islamic21.8% S&P Shariah20.9% MSCI Islamic41.5% MSCI Islamic M-Series20.9% FTSE Shariah41.5% |
| DOCU Docusign Inc | COMPLIANT | 0.81% | AAOIFI1.5% Usmani4.6% Dow Jones Islamic1.3% S&P Shariah1.4% MSCI Islamic4.6% MSCI Islamic M-Series1.4% FTSE Shariah0.0% |
| DSGX Descartes Systems Group Inc/The | COMPLIANT | 0.64% | AAOIFI0.1% Usmani0.4% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.4% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| DXCM Dexcom Inc | COMPLIANT | 0.38% | AAOIFI4.1% Usmani21.7% Dow Jones Islamic4.7% S&P Shariah4.0% MSCI Islamic20.9% MSCI Islamic M-Series4.0% FTSE Shariah19.3% |
| State Street Global Advisors | UNSCREENED | 0.23% | no in-house ratios for this holding |
| GPK Graphic Packaging Holding Co | NON_COMPLIANT | 0.15% | AAOIFI192.9% Usmani48.5% Dow Jones Islamic100.1% S&P Shariah90.7% MSCI Islamic48.4% MSCI Islamic M-Series90.7% FTSE Shariah48.4% |
| CONTRA ABIOMED INC | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 24 points of portfolio weight — 70.2% of it passes AAOIFI, 46.6% 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 70.2% ratios fail on 16.9% 13.1% not rated under AAOIFI
ratios pass on 47.0% ratios fail on 40.2% 13.1% not rated under Usmani
ratios pass on 70.2% ratios fail on 16.9% 13.1% not rated under Dow Jones Islamic
ratios pass on 70.2% ratios fail on 16.9% 13.1% not rated under S&P Shariah
ratios pass on 46.6% ratios fail on 40.5% 13.1% not rated under MSCI Islamic
ratios pass on 70.2% ratios fail on 16.9% 13.1% not rated under MSCI Islamic M-Series
ratios pass on 48.3% ratios fail on 38.8% 13.1% not rated under FTSE Shariah
40 of 45 listed holdings carry our own per-methodology verdicts (92% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 39 (91% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Neuberger Berman U.S. Equity Impact Fund (NEQCX) 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.
Screened on its holdings, not its name
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 |
|---|---|---|
| NVDANVIDIA Corp | 6.12% | Compliant |
| PNRPentair PLC | 4.58% | Compliant |
| Brookfield Renewable Corpnot matched to a ticker | 4.25% | Not screened |
| AVGOBroadcom Inc | 4.00% | Compliant |
| NEENextEra Energy Inc | 3.91% | Non-compliant |
| TTTrane Technologies PLC | 3.75% | Compliant |
| ECLEcolab Inc | 3.67% | Compliant |
| LLYEli Lilly & Co | 3.62% | Compliant |
| BSXBoston Scientific Corp | 3.61% | Compliant |
| WABWestinghouse Air Brake Technologies Corp | 3.47% | Compliant |
Top 10 of 45 holdings, 41.0% of the fund by weight. Every holding is screened, not only these.
What holds the number back
The positions keeping this fund short of 100% compliant by weight.
- Brookfield Renewable Corpnot screened4.25%
- NEEnon-compliant3.91%
- HCAnon-compliant3.44%
- ICEnon-compliant2.76%
- DEnon-compliant2.40%
- VRSKquestionable1.95%
What changed, and when
Verdict history for NEQCX. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
- 2026-09-07 No change recorded No verdict change for NEQCX has been recorded since tracking began. The scan ledger records that the compliance detectors ran, not which symbols each pass covered.
ℹ️ no compliance scan has run for 5 days - this is not a reading of today
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.
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.
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.