NRERXETF / FundNeuberger Real Estate Fund
Verdicts genuinely change. Free email alert the moment NRERX'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 Real Estate Fund · NEUBERGER BERMAN EQUITY FUNDS
36 holdings
NON-COMPLIANT 47.50% of portfolio weight is in non-compliant holdings, over the 5% threshold.
36 holdings, 28 matched (90% of weight). Portfolio as of 2026-08-31, filed 2026-10-28. Source: SEC Form N-PORT.
0.76% of this portfolio’s income is non-permissible — weighted across holdings, computed over 83% of portfolio weight (25 of 36 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.
42.6% compliant 0.0% questionable 47.5% non-compliant 9.9% unscreened
All holdings (36)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| WELL Welltower Inc | COMPLIANT | 12.25% | AAOIFI10.6% Usmani26.7% Dow Jones Islamic15.6% S&P Shariah19.1% MSCI Islamic26.7% MSCI Islamic M-Series19.1% FTSE Shariah26.7% |
| PLD Prologis Inc | COMPLIANT | 9.31% | AAOIFI25.8% Usmani35.3% Dow Jones Islamic31.2% S&P Shariah32.1% MSCI Islamic35.3% MSCI Islamic M-Series32.1% FTSE Shariah35.3% |
| EQIX Equinix Inc | COMPLIANT | 7.87% | AAOIFI20.7% Usmani57.3% Dow Jones Islamic24.8% S&P Shariah26.3% MSCI Islamic51.7% MSCI Islamic M-Series26.3% FTSE Shariah48.4% |
| AMT American Tower Corp | NON_COMPLIANT | 6.48% | AAOIFI52.7% Usmani71.1% Dow Jones Islamic52.4% S&P Shariah52.4% MSCI Islamic71.1% MSCI Islamic M-Series52.4% FTSE Shariah58.8% |
| SPG Simon Property Group Inc | NON_COMPLIANT | 5.18% | AAOIFI42.4% Usmani72.3% Dow Jones Islamic57.5% S&P Shariah63.8% MSCI Islamic72.3% MSCI Islamic M-Series63.8% FTSE Shariah72.3% |
| DLR Digital Realty Trust Inc | COMPLIANT | 4.59% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| VMRK Vivmark Residential | NON_COMPLIANT | 4.03% | AAOIFI1.2% Usmani2.9% Dow Jones Islamic2.4% S&P Shariah2.5% MSCI Islamic2.9% MSCI Islamic M-Series2.5% FTSE Shariah2.9% |
| SBAC SBA Communications Corp | NON_COMPLIANT | 2.96% | AAOIFI63.3% Usmani108.4% Dow Jones Islamic58.7% S&P Shariah58.5% MSCI Islamic108.4% MSCI Islamic M-Series58.5% FTSE Shariah108.4% |
| EGP EastGroup Properties Inc | COMPLIANT | 2.83% | AAOIFI15.0% Usmani29.2% Dow Jones Islamic17.6% S&P Shariah18.6% MSCI Islamic29.2% MSCI Islamic M-Series18.6% FTSE Shariah29.2% |
| EXR Extra Space Storage Inc | NON_COMPLIANT | 2.82% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| O Realty Income Corp | NON_COMPLIANT | 2.81% | AAOIFI3.9% Usmani2.6% Dow Jones Islamic4.0% S&P Shariah4.3% MSCI Islamic2.6% MSCI Islamic M-Series4.3% FTSE Shariah2.6% |
| INVH Invitation Homes Inc | NON_COMPLIANT | 2.68% | AAOIFI52.4% Usmani46.2% Dow Jones Islamic47.8% S&P Shariah46.8% MSCI Islamic46.2% MSCI Islamic M-Series46.8% FTSE Shariah46.2% |
| Crown Castle International Corp | UNSCREENED | 2.64% | no in-house ratios for this holding |
| IRM Iron Mountain Inc | NON_COMPLIANT | 2.48% | AAOIFI57.3% Usmani93.4% Dow Jones Islamic66.1% S&P Shariah73.7% MSCI Islamic90.9% MSCI Islamic M-Series73.7% FTSE Shariah79.0% |
| ESS Essex Property Trust Inc | NON_COMPLIANT | 2.22% | AAOIFI35.7% Usmani49.5% Dow Jones Islamic37.2% S&P Shariah39.3% MSCI Islamic49.5% MSCI Islamic M-Series39.3% FTSE Shariah49.5% |
| AHR American Healthcare REIT Inc | COMPLIANT | 2.07% | AAOIFI14.3% Usmani33.6% Dow Jones Islamic22.1% S&P Shariah25.8% MSCI Islamic31.1% MSCI Islamic M-Series25.8% FTSE Shariah31.1% |
| PSA Public Storage | NON_COMPLIANT | 2.03% | AAOIFI18.1% Usmani50.6% Dow Jones Islamic19.9% S&P Shariah20.7% MSCI Islamic50.6% MSCI Islamic M-Series20.7% FTSE Shariah50.6% |
| VTR Ventas Inc | COMPLIANT | 1.91% | AAOIFI28.0% Usmani42.8% Dow Jones Islamic38.5% S&P Shariah45.5% MSCI Islamic42.8% MSCI Islamic M-Series45.5% FTSE Shariah42.8% |
| ELS Equity LifeStyle Properties Inc | COMPLIANT | 1.80% | AAOIFI27.9% Usmani58.2% Dow Jones Islamic27.8% S&P Shariah28.2% MSCI Islamic58.2% MSCI Islamic M-Series28.2% FTSE Shariah58.2% |
| UDR UDR Inc | NON_COMPLIANT | 1.74% | AAOIFI41.8% Usmani54.8% Dow Jones Islamic45.2% S&P Shariah46.9% MSCI Islamic54.8% MSCI Islamic M-Series46.9% FTSE Shariah54.8% |
| Agree Realty Corp | UNSCREENED | 1.67% | no in-house ratios for this holding |
| BN Brookfield Corp | NON_COMPLIANT | 1.67% | AAOIFI15.3% Usmani2.8% Dow Jones Islamic14.1% S&P Shariah15.8% MSCI Islamic2.8% MSCI Islamic M-Series15.8% FTSE Shariah2.8% |
| REG Regency Centers Corp | NON_COMPLIANT | 1.65% | AAOIFI36.3% Usmani38.4% Dow Jones Islamic38.6% S&P Shariah41.4% MSCI Islamic38.4% MSCI Islamic M-Series41.4% FTSE Shariah38.4% |
| AMH American Homes 4 Rent | NON_COMPLIANT | 1.62% | AAOIFI43.9% Usmani39.1% Dow Jones Islamic43.1% S&P Shariah43.1% MSCI Islamic39.1% MSCI Islamic M-Series43.1% FTSE Shariah39.1% |
| State Street Global Advisors | UNSCREENED | 1.50% | no in-house ratios for this holding |
| HR Healthcare Realty Trust Inc | NON_COMPLIANT | 1.49% | AAOIFI63.6% Usmani46.3% Dow Jones Islamic71.4% S&P Shariah74.8% MSCI Islamic46.3% MSCI Islamic M-Series74.8% FTSE Shariah46.3% |
| EPRT Essential Properties Realty Trust Inc | NON_COMPLIANT | 1.42% | AAOIFI45.0% Usmani39.1% Dow Jones Islamic49.1% S&P Shariah55.6% MSCI Islamic39.1% MSCI Islamic M-Series55.6% FTSE Shariah39.1% |
| MAC Macerich Co/The | NON_COMPLIANT | 1.34% | AAOIFI73.6% Usmani56.9% Dow Jones Islamic104.4% S&P Shariah119.9% MSCI Islamic56.9% MSCI Islamic M-Series119.9% FTSE Shariah56.9% |
| IVT InvenTrust Properties Corp | NON_COMPLIANT | 1.21% | AAOIFI43.0% Usmani36.1% Dow Jones Islamic48.9% S&P Shariah54.2% MSCI Islamic36.1% MSCI Islamic M-Series54.2% FTSE Shariah36.1% |
| GLPI Gaming and Leisure Properties Inc | NON_COMPLIANT | 1.17% | AAOIFI66.7% Usmani57.1% Dow Jones Islamic65.1% S&P Shariah68.3% MSCI Islamic57.1% MSCI Islamic M-Series68.3% FTSE Shariah57.1% |
| Acadia Realty Trust | UNSCREENED | 1.06% | no in-house ratios for this holding |
| SL Green Realty Corp | UNSCREENED | 1.01% | no in-house ratios for this holding |
| Csquare Inc | UNSCREENED | 0.96% | no in-house ratios for this holding |
| Hudson Pacific Properties Inc | UNSCREENED | 0.93% | no in-house ratios for this holding |
| GO-U.TO GO Residential Real Estate Investment Trust | NON_COMPLIANT | 0.50% | AAOIFI437.4% Usmani48.5% Dow Jones Islamic— S&P Shariah— MSCI Islamic48.5% MSCI Islamic M-Series— FTSE Shariah48.5% |
| State Street Global Advisors | UNSCREENED | 0.11% | no in-house ratios for this holding |
The published standards disagree about this fund by 44 points of portfolio weight — 43.7% of it passes AAOIFI, 0.0% passes Usmani. 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 43.7% ratios fail on 34.1% 22.2% not rated under AAOIFI
ratios pass on 0.0% ratios fail on 59.1% 40.9% not rated under Usmani
ratios pass on 41.8% ratios fail on 35.6% 22.7% not rated under Dow Jones Islamic
ratios pass on 41.8% ratios fail on 35.6% 22.7% not rated under S&P Shariah
ratios pass on 20.8% ratios fail on 57.1% 22.2% not rated under MSCI Islamic
ratios pass on 41.8% ratios fail on 35.6% 22.7% not rated under MSCI Islamic M-Series
ratios pass on 20.8% ratios fail on 57.1% 22.2% not rated under FTSE Shariah
28 of 36 listed holdings carry our own per-methodology verdicts (90% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none.
| Non-compliant holding | Weight |
|---|---|
| AMT American Tower Corp | 6.48% |
| SPG Simon Property Group Inc | 5.18% |
| VMRK Vivmark Residential | 4.03% |
| SBAC SBA Communications Corp | 2.96% |
| EXR Extra Space Storage Inc | 2.82% |
| O Realty Income Corp | 2.81% |
| INVH Invitation Homes Inc | 2.68% |
| IRM Iron Mountain Inc | 2.48% |
| ESS Essex Property Trust Inc | 2.22% |
| PSA Public Storage | 2.03% |
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Neuberger Real Estate Fund (NRERX) 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 |
|---|---|---|
| WELLWelltower Inc | 12.25% | Compliant |
| PLDPrologis Inc | 9.31% | Compliant |
| EQIXEquinix Inc | 7.87% | Compliant |
| AMTAmerican Tower Corp | 6.48% | Non-compliant |
| SPGSimon Property Group Inc | 5.18% | Non-compliant |
| DLRDigital Realty Trust Inc | 4.59% | Compliant |
| VMRKVivmark Residential | 4.03% | Non-compliant |
| SBACSBA Communications Corp | 2.96% | Non-compliant |
| EGPEastGroup Properties Inc | 2.83% | Compliant |
| EXRExtra Space Storage Inc | 2.82% | Non-compliant |
Top 10 of 36 holdings, 58.3% 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.
- AMTnon-compliant6.48%
- SPGnon-compliant5.18%
- VMRKnon-compliant4.03%
- SBACnon-compliant2.96%
- EXRnon-compliant2.82%
- Onon-compliant2.81%
What changed, and when
Verdict history for NRERX. 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 NRERX has been recorded since tracking began. The scan ledger records that the compliance detectors ran, not which symbols each pass covered.
Tracked since 2026-09-07.
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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) | 60.10 | NEUTRAL |
| Stochastic %K (14) | 100.00 | SELL |
| CCI (20) | 156.68 | SELL |
| Williams %R (14) | 0.00 | SELL |
| MACD (12,26,9) | 0.06 | BUY |
| ROC (10) | 3.88 | BUY |
| Momentum (10) | 0.55 | BUY |
| EMA (10) | 14.50 | BUY |
| SMA (10) | 14.49 | BUY |
| EMA (20) | 14.42 | BUY |
| SMA (20) | 14.34 | BUY |
| EMA (30) | 14.42 | BUY |
| SMA (30) | 14.27 | BUY |
| EMA (50) | 14.51 | BUY |
| SMA (50) | 14.48 | BUY |
| EMA (100) | 14.61 | BUY |
| SMA (100) | 14.86 | SELL |
| EMA (200) | 14.36 | BUY |
| SMA (200) | 14.60 | BUY |
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.