NREMXETF / FundNeuberger Emerging Markets Equity Fund
Verdicts genuinely change. Free email alert the moment NREMX'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 Emerging Markets Equity Fund · NEUBERGER BERMAN EQUITY FUNDS
48 holdings
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 104% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT At least 55.15% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 35% turns out to be. Matching more holdings can only raise this share, never lower it.
48 holdings, 33 matched (66% of weight). Portfolio as of 2026-08-31, filed 2026-10-28. Source: SEC Form N-PORT.
7.53% of this portfolio’s income is non-permissible — weighted across holdings, computed over 57% of portfolio weight (28 of 48 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 (48)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| Richter Gedeon Nyrt | UNSCREENED | 4.55% | no in-house ratios for this holding |
| KPCPF Kasikornbank PCL | NON_COMPLIANT | 3.98% | AAOIFI39.4% Usmani4.9% Dow Jones Islamic57.8% S&P Shariah66.8% MSCI Islamic4.9% MSCI Islamic M-Series66.8% FTSE Shariah4.9% |
| Orion Corp/Republic of Korea | UNSCREENED | 3.88% | no in-house ratios for this holding |
| State Street Global Advisors | UNSCREENED | 3.85% | no in-house ratios for this holding |
| 1109.HK China Resources Land Ltd | NON_COMPLIANT | 3.29% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| PETR3.SA Petroleo Brasileiro SA - Petrobras | NON_COMPLIANT | 3.26% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| TX Ternium SA | NON_COMPLIANT | 3.04% | AAOIFI21.3% Usmani10.2% Dow Jones Islamic3.4% S&P Shariah3.5% MSCI Islamic10.2% MSCI Islamic M-Series3.5% FTSE Shariah10.2% |
| 0939.HK China Construction Bank Corp | NON_COMPLIANT | 2.91% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 0135.HK Kunlun Energy Co Ltd | NON_COMPLIANT | 2.82% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| PDD PDD Holdings Inc | NON_COMPLIANT | 2.80% | AAOIFI0.7% Usmani0.9% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.9% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| VTech Holdings Ltd | UNSCREENED | 2.70% | no in-house ratios for this holding |
| 0700.HK Tencent Holdings Ltd | COMPLIANT | 2.52% | AAOIFIpass Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| Cia Sud Americana de Vapores SA | UNSCREENED | 2.52% | no in-house ratios for this holding |
| BS6.SI Yangzijiang Shipbuilding Holdings Ltd | COMPLIANT | 2.44% | AAOIFI5.5% Usmani9.5% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic9.5% MSCI Islamic M-Seriesfail FTSE Shariah9.5% |
| Halyk Bank JSC | UNSCREENED | 2.44% | no in-house ratios for this holding |
| 3933.HK United Laboratories International Holdings Ltd/The | NON_COMPLIANT | 2.42% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 002380.KS KCC Corp | NON_COMPLIANT | 2.39% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| SMTO3.SA Sao Martinho S/A | NON_COMPLIANT | 2.35% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| VNM.VN Vietnam Dairy Products JSC | COMPLIANT | 2.25% | AAOIFI7.4% Usmani17.7% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic17.7% MSCI Islamic M-Seriespass FTSE Shariah17.7% |
| JMT.LS Jeronimo Martins SGPS SA | NON_COMPLIANT | 2.18% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| BIDU Baidu Inc | NON_COMPLIANT | 2.17% | AAOIFI156.9% Usmani11.2% Dow Jones Islamic2.5% S&P Shariah2.5% MSCI Islamic11.2% MSCI Islamic M-Series2.5% FTSE Shariah9.5% |
| Megacable Holdings SAB de CV | UNSCREENED | 2.16% | no in-house ratios for this holding |
| 000270.KS Kia Corp | NON_COMPLIANT | 1.99% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| iM Financial Group Co Ltd | UNSCREENED | 1.96% | no in-house ratios for this holding |
| CUERVO.MX Becle SAB de CV | NON_COMPLIANT | 1.94% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BDO Unibank Inc | UNSCREENED | 1.94% | no in-house ratios for this holding |
| VIVT3.SA Telefonica Brasil SA | COMPLIANT | 1.93% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| AEFES.IS Anadolu Efes Biracilik Ve Malt Sanayii AS | NON_COMPLIANT | 1.92% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 055550.KS Shinhan Financial Group Co Ltd | NON_COMPLIANT | 1.85% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 2518.HK Autohome Inc | NON_COMPLIANT | 1.85% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BBDC3.SA Banco Bradesco SA | NON_COMPLIANT | 1.74% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Equity Group Holdings PLC/Kenya | UNSCREENED | 1.72% | no in-house ratios for this holding |
| 2357.TW Asustek Computer Inc | COMPLIANT | 1.68% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| VALE3.SA Vale SA | NON_COMPLIANT | 1.67% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 105560.KS KB Financial Group Inc | NON_COMPLIANT | 1.61% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| State Street Global Advisors | UNSCREENED | 1.58% | no in-house ratios for this holding |
| CSN Mineracao SA | UNSCREENED | 1.57% | no in-house ratios for this holding |
| 012330.KS Hyundai Mobis Co Ltd | COMPLIANT | 1.47% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| LIVEPOLC-1.MX El Puerto de Liverpool SAB de CV | NON_COMPLIANT | 1.43% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| Nova Ljubljanska Banka dd | UNSCREENED | 1.39% | no in-house ratios for this holding |
| Samsonite Group SA | UNSCREENED | 1.35% | no in-house ratios for this holding |
| 0811.HK Xinhua Winshare Publishing and Media Co Ltd | NON_COMPLIANT | 1.29% | AAOIFI4.4% Usmani3.3% Dow Jones Islamic— S&P Shariah— MSCI Islamic1.7% MSCI Islamic M-Series— FTSE Shariah1.7% |
| PTBA.JK Bukit Asam Persero Tbk PT | COMPLIANT | 1.25% | AAOIFI12.2% Usmani10.2% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic8.8% MSCI Islamic M-Seriespass FTSE Shariah8.8% |
| GUPSHUP INC SERIES F PREFERRED | UNSCREENED | 1.20% | no in-house ratios for this holding |
| TLKM.JK Telkom Indonesia Persero Tbk PT | NON_COMPLIANT | 1.15% | AAOIFI30.2% Usmani34.7% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic26.2% MSCI Islamic M-Seriesfail FTSE Shariah26.2% |
| PGAS.JK Perusahaan Gas Negara Persero Tbk PT | NON_COMPLIANT | 1.10% | AAOIFI52.0% Usmani23.3% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic17.6% MSCI Islamic M-Seriesfail FTSE Shariah17.6% |
| TRU.JO Truworths International Ltd | NON_COMPLIANT | 1.07% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| QFIN Qfin Holdings Inc | NON_COMPLIANT | 0.92% | AAOIFI229.7% Usmani4.6% Dow Jones Islamic5.3% S&P Shariah5.9% MSCI Islamic4.6% MSCI Islamic M-Series5.9% FTSE Shariah4.6% |
The published standards disagree about this fund by 26 points of portfolio weight — 29.5% of it passes FTSE Shariah, 3.5% passes MSCI Islamic M-Series. 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 13.5% ratios fail on 55.2% 34.8% not rated under AAOIFI
ratios pass on 26.0% ratios fail on 40.2% 37.3% not rated under Usmani
ratios pass on 7.6% ratios fail on 54.2% 41.7% not rated under Dow Jones Islamic
ratios pass on 9.1% ratios fail on 52.8% 41.7% not rated under S&P Shariah
ratios pass on 25.0% ratios fail on 38.1% 40.4% not rated under MSCI Islamic
ratios pass on 3.5% ratios fail on 58.3% 41.7% not rated under MSCI Islamic M-Series
ratios pass on 29.5% ratios fail on 33.6% 40.4% not rated under FTSE Shariah
33 of 48 listed holdings carry our own per-methodology verdicts (69% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 11 (22% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| KPCPF Kasikornbank PCL | 3.98% |
| 1109.HK China Resources Land Ltd | 3.29% |
| PETR3.SA Petroleo Brasileiro SA - Petrobras | 3.26% |
| TX Ternium SA | 3.04% |
| 0939.HK China Construction Bank Corp | 2.91% |
| 0135.HK Kunlun Energy Co Ltd | 2.82% |
| PDD PDD Holdings Inc | 2.80% |
| 3933.HK United Laboratories International Holdings Ltd/The | 2.42% |
| 002380.KS KCC Corp | 2.39% |
| SMTO3.SA Sao Martinho S/A | 2.35% |
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Neuberger Emerging Markets Equity Fund (NREMX) 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 |
|---|---|---|
| Richter Gedeon Nyrtnot matched to a ticker | 4.55% | Not screened |
| KPCPFKasikornbank PCL | 3.98% | Non-compliant |
| Orion Corp/Republic of Koreanot matched to a ticker | 3.88% | Not screened |
| State Street Global Advisorsnot matched to a ticker | 3.85% | Not screened |
| 1109.HKChina Resources Land Ltd | 3.29% | Non-compliant |
| PETR3.SAPetroleo Brasileiro SA - Petrobras | 3.26% | Non-compliant |
| TXTernium SA | 3.04% | Non-compliant |
| 0939.HKChina Construction Bank Corp | 2.91% | Non-compliant |
| 0135.HKKunlun Energy Co Ltd | 2.82% | Non-compliant |
| PDDPDD Holdings Inc | 2.80% | Non-compliant |
Top 10 of 48 holdings, 34.4% 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.
- Richter Gedeon Nyrtnot screened4.55%
- KPCPFnon-compliant3.98%
- Orion Corp/Republic of Koreanot screened3.88%
- State Street Global Advisorsnot screened3.85%
- 1109.HKnon-compliant3.29%
- PETR3.SAnon-compliant3.26%
What changed, and when
Verdict history for NREMX. 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 NREMX 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 6 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.
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) | 26.50 | BUY |
| Stochastic %K (14) | 0.00 | BUY |
| CCI (20) | -157.55 | BUY |
| Williams %R (14) | -100.00 | BUY |
| MACD (12,26,9) | -0.11 | SELL |
| ROC (10) | -3.76 | SELL |
| Momentum (10) | -1.06 | SELL |
| EMA (10) | 27.65 | SELL |
| SMA (10) | 27.79 | SELL |
| EMA (20) | 27.94 | SELL |
| SMA (20) | 28.11 | SELL |
| EMA (30) | 28.11 | SELL |
| SMA (30) | 28.17 | SELL |
| EMA (50) | 28.28 | SELL |
| SMA (50) | 28.55 | SELL |
| EMA (100) | 28.33 | SELL |
| SMA (100) | 28.33 | SELL |
| EMA (200) | 28.10 | SELL |
| SMA (200) | 28.43 | SELL |
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.