BYREETF / FundPrincipal Real Estate Active Opportunities ETF
Verdicts genuinely change. Free email alert the moment BYRE'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.
Principal Real Estate Active Opportunities ETF · Principal Exchange-Traded Funds
52 holdings
NON-COMPLIANT 59.86% of portfolio weight is in non-compliant holdings, over the 5% threshold.
52 holdings, 38 matched (86% of weight). Portfolio as of 2026-06-30, filed 2026-08-11. Source: SEC Form N-PORT.
1.25% of this portfolio’s income is non-permissible — weighted across holdings, computed over 80% of portfolio weight (35 of 52 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.
25.7% compliant 0.0% questionable 59.9% non-compliant 14.2% unscreened
All holdings (52)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| EQIX Equinix Inc | COMPLIANT | 8.20% | AAOIFI20.7% Usmani57.3% Dow Jones Islamic24.8% S&P Shariah26.3% MSCI Islamic51.7% MSCI Islamic M-Series26.3% FTSE Shariah48.4% |
| WELL Welltower Inc | COMPLIANT | 8.04% | AAOIFI10.6% Usmani26.7% Dow Jones Islamic15.6% S&P Shariah19.1% MSCI Islamic26.7% MSCI Islamic M-Series19.1% FTSE Shariah26.7% |
| AMT American Tower Corp | NON_COMPLIANT | 6.13% | AAOIFI52.7% Usmani71.1% Dow Jones Islamic52.4% S&P Shariah52.4% MSCI Islamic71.1% MSCI Islamic M-Series52.4% FTSE Shariah58.8% |
| CCI Crown Castle Inc | NON_COMPLIANT | 4.58% | AAOIFI67.9% Usmani108.8% Dow Jones Islamic61.9% S&P Shariah60.7% MSCI Islamic108.8% MSCI Islamic M-Series60.7% FTSE Shariah84.8% |
| VTR Ventas Inc | COMPLIANT | 4.48% | AAOIFI28.0% Usmani42.8% Dow Jones Islamic38.5% S&P Shariah45.5% MSCI Islamic42.8% MSCI Islamic M-Series45.5% FTSE Shariah42.8% |
| SBRA Sabra Health Care REIT Inc | NON_COMPLIANT | 4.43% | AAOIFI49.4% Usmani47.6% Dow Jones Islamic61.2% S&P Shariah69.2% MSCI Islamic47.6% MSCI Islamic M-Series69.2% FTSE Shariah47.6% |
| PLD Prologis Inc | NON_COMPLIANT | 4.38% | AAOIFI25.8% Usmani35.3% Dow Jones Islamic31.2% S&P Shariah32.1% MSCI Islamic35.3% MSCI Islamic M-Series32.1% FTSE Shariah35.3% |
| IRM Iron Mountain Inc | NON_COMPLIANT | 4.12% | AAOIFI57.3% Usmani93.4% Dow Jones Islamic66.1% S&P Shariah73.7% MSCI Islamic90.9% MSCI Islamic M-Series73.7% FTSE Shariah79.0% |
| EXR Extra Space Storage Inc | NON_COMPLIANT | 4.05% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| GLPI Gaming and Leisure Properties Inc | NON_COMPLIANT | 3.90% | AAOIFI66.7% Usmani57.1% Dow Jones Islamic65.1% S&P Shariah68.3% MSCI Islamic57.1% MSCI Islamic M-Series68.3% FTSE Shariah57.1% |
| AMH American Homes 4 Rent | NON_COMPLIANT | 3.43% | AAOIFI43.9% Usmani39.1% Dow Jones Islamic43.1% S&P Shariah43.1% MSCI Islamic39.1% MSCI Islamic M-Series43.1% FTSE Shariah39.1% |
| Equity Residential | UNSCREENED | 3.38% | no in-house ratios for this holding |
| EGP EastGroup Properties Inc | COMPLIANT | 2.95% | AAOIFI15.0% Usmani29.2% Dow Jones Islamic17.6% S&P Shariah18.6% MSCI Islamic29.2% MSCI Islamic M-Series18.6% FTSE Shariah29.2% |
| DOC Healthpeak Properties Inc | NON_COMPLIANT | 2.69% | AAOIFI67.5% Usmani46.3% Dow Jones Islamic80.6% S&P Shariah86.7% MSCI Islamic46.3% MSCI Islamic M-Series86.7% FTSE Shariah46.3% |
| REXR Rexford Industrial Realty Inc | NON_COMPLIANT | 2.12% | AAOIFI39.8% Usmani28.1% Dow Jones Islamic38.3% S&P Shariah36.9% MSCI Islamic28.1% MSCI Islamic M-Series36.9% FTSE Shariah28.1% |
| DLR Digital Realty Trust Inc | NON_COMPLIANT | 2.12% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| Ryman Hospitality Properties Inc | UNSCREENED | 2.11% | no in-house ratios for this holding |
| AHR American Healthcare REIT Inc | COMPLIANT | 1.99% | AAOIFI14.3% Usmani33.6% Dow Jones Islamic22.1% S&P Shariah25.8% MSCI Islamic31.1% MSCI Islamic M-Series25.8% FTSE Shariah31.1% |
| REG Regency Centers Corp | NON_COMPLIANT | 1.75% | AAOIFI36.3% Usmani38.4% Dow Jones Islamic38.6% S&P Shariah41.4% MSCI Islamic38.4% MSCI Islamic M-Series41.4% FTSE Shariah38.4% |
| CUZ Cousins Properties Inc | NON_COMPLIANT | 1.53% | AAOIFI77.9% Usmani41.3% Dow Jones Islamic85.2% S&P Shariah94.4% MSCI Islamic41.3% MSCI Islamic M-Series94.4% FTSE Shariah41.3% |
| GO-U.TO GO Residential Real Estate Investment Trust | NON_COMPLIANT | 1.38% | AAOIFI437.4% Usmani48.5% Dow Jones Islamic— S&P Shariah— MSCI Islamic48.5% MSCI Islamic M-Series— FTSE Shariah48.5% |
| SMA Smartstop Self Storage REIT Inc | NON_COMPLIANT | 1.35% | AAOIFI58.1% Usmani46.1% Dow Jones Islamic— S&P Shariah— MSCI Islamic46.1% MSCI Islamic M-Series— FTSE Shariah46.1% |
| UI Boustead REIT | UNSCREENED | 1.32% | no in-house ratios for this holding |
| NHI National Health Investors Inc | NON_COMPLIANT | 1.23% | AAOIFI36.6% Usmani43.0% Dow Jones Islamic37.3% S&P Shariah41.8% MSCI Islamic43.0% MSCI Islamic M-Series41.8% FTSE Shariah43.0% |
| BFS Saul Centers Inc | NON_COMPLIANT | 1.21% | AAOIFI199.6% Usmani74.3% Dow Jones Islamic202.8% S&P Shariah205.7% MSCI Islamic74.3% MSCI Islamic M-Series205.7% FTSE Shariah74.3% |
| Broadstone Net Lease Inc | UNSCREENED | 1.12% | no in-house ratios for this holding |
| SL Green Realty Corp | UNSCREENED | 1.10% | no in-house ratios for this holding |
| MERY.PA Mercialys SA | NON_COMPLIANT | 1.04% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| COPT Defense Properties | UNSCREENED | 1.02% | no in-house ratios for this holding |
| MAC Macerich Co/The | NON_COMPLIANT | 0.99% | AAOIFI73.6% Usmani56.9% Dow Jones Islamic104.4% S&P Shariah119.9% MSCI Islamic56.9% MSCI Islamic M-Series119.9% FTSE Shariah56.9% |
| FVR FrontView REIT Inc | NON_COMPLIANT | 0.96% | AAOIFI58.1% Usmani36.6% Dow Jones Islamic108.2% S&P Shariahfail MSCI Islamic36.6% MSCI Islamic M-Seriesfail FTSE Shariah36.6% |
| Kilroy Realty Corp | UNSCREENED | 0.94% | no in-house ratios for this holding |
| State Street Institutional US Government Money Market Fund | UNSCREENED | 0.93% | no in-house ratios for this holding |
| GMG.AX Goodman Group | NON_COMPLIANT | 0.86% | AAOIFI10.2% Usmani18.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic18.2% MSCI Islamic M-Seriesfail FTSE Shariah18.2% |
| SEB.SI Stoneweg Europe Stapled Trust | NON_COMPLIANT | 0.72% | AAOIFI115.2% Usmani41.7% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic41.7% MSCI Islamic M-Seriesfail FTSE Shariah41.7% |
| Blackstone Digital Infrastructure Trust Inc | UNSCREENED | 0.69% | no in-house ratios for this holding |
| NXR-UN.TO Nexus Industrial REIT | NON_COMPLIANT | 0.68% | AAOIFI141.1% Usmani49.6% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic49.2% MSCI Islamic M-Seriesfail FTSE Shariah49.2% |
| WPHB.F Warehouses De Pauw CVA | NON_COMPLIANT | 0.62% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| HLTC National Healthcare Properties Inc | NON_COMPLIANT | 0.60% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariahfail MSCI Islamic0.0% MSCI Islamic M-Seriesfail FTSE Shariah0.0% |
| CTPNV.AS CTP NV | NON_COMPLIANT | 0.57% | AAOIFI160.5% Usmani46.8% Dow Jones Islamic— S&P Shariah— MSCI Islamic46.5% MSCI Islamic M-Series— FTSE Shariah46.5% |
| Centurion Accommodation Reit | UNSCREENED | 0.49% | no in-house ratios for this holding |
| H78.SI Hongkong Land Holdings Ltd | NON_COMPLIANT | 0.42% | AAOIFI33.7% Usmani15.3% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic15.3% MSCI Islamic M-Seriesfail FTSE Shariah15.3% |
| 0012.HK Henderson Land Development Co Ltd | NON_COMPLIANT | 0.42% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| URW.PA Unibail-Rodamco-Westfield | NON_COMPLIANT | 0.41% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Brandywine Realty Trust | UNSCREENED | 0.37% | no in-house ratios for this holding |
| DIR-UN.TO Dream Industrial Real Estate Investment Trust | NON_COMPLIANT | 0.36% | AAOIFI80.3% Usmani37.3% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic37.1% MSCI Islamic M-Seriesfail FTSE Shariah37.1% |
| 0101.HK Hang Lung Properties Ltd | NON_COMPLIANT | 0.32% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| Centuria Capital Group | UNSCREENED | 0.32% | no in-house ratios for this holding |
| AJBU.SI Keppel DC REIT | NON_COMPLIANT | 0.26% | AAOIFI42.9% Usmani35.0% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic34.7% MSCI Islamic M-Seriesfail FTSE Shariah34.7% |
| SGP.AX Stockland | NON_COMPLIANT | 0.25% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| Sekisui House Reit Inc | UNSCREENED | 0.25% | no in-house ratios for this holding |
| CENTURIA CAPITAL GROUP | UNSCREENED | 0.12% | no in-house ratios for this holding |
The published standards disagree about this fund by 27 points of portfolio weight — 28.0% of it passes AAOIFI, 1.4% 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 28.0% ratios fail on 44.7% 26.9% not rated under AAOIFI
ratios pass on 1.4% ratios fail on 59.6% 38.6% not rated under Usmani
ratios pass on 23.6% ratios fail on 45.9% 30.2% not rated under Dow Jones Islamic
ratios pass on 23.6% ratios fail on 45.9% 30.2% not rated under S&P Shariah
ratios pass on 14.5% ratios fail on 57.7% 27.5% not rated under MSCI Islamic
ratios pass on 23.6% ratios fail on 45.9% 30.2% not rated under MSCI Islamic M-Series
ratios pass on 14.5% ratios fail on 57.7% 27.5% not rated under FTSE Shariah
38 of 52 listed holdings carry our own per-methodology verdicts (86% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 32 (82% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| AMT American Tower Corp | 6.13% |
| CCI Crown Castle Inc | 4.58% |
| SBRA Sabra Health Care REIT Inc | 4.43% |
| PLD Prologis Inc | 4.38% |
| IRM Iron Mountain Inc | 4.12% |
| EXR Extra Space Storage Inc | 4.05% |
| GLPI Gaming and Leisure Properties Inc | 3.90% |
| AMH American Homes 4 Rent | 3.43% |
| DOC Healthpeak Properties Inc | 2.69% |
| REXR Rexford Industrial Realty Inc | 2.12% |
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.
Principal Real Estate Active Opportunities ETF (BYRE) 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 BYRE — 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
Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
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) | 64.80 | NEUTRAL |
| Stochastic %K (14) | 92.99 | SELL |
| CCI (20) | 172.90 | SELL |
| Williams %R (14) | -7.01 | SELL |
| MACD (12,26,9) | 0.14 | BUY |
| ROC (10) | 4.14 | BUY |
| Momentum (10) | 1.10 | BUY |
| EMA (10) | 26.96 | BUY |
| SMA (10) | 26.86 | BUY |
| EMA (20) | 26.64 | BUY |
| SMA (20) | 26.48 | BUY |
| EMA (30) | 26.52 | BUY |
| SMA (30) | 26.18 | BUY |
| EMA (50) | 26.51 | BUY |
| SMA (50) | 26.29 | BUY |
| EMA (100) | 26.53 | BUY |
| SMA (100) | 26.85 | BUY |
| EMA (200) | 26.03 | BUY |
| SMA (200) | 26.39 | BUY |
About Principal Real Estate Active Opportunities ETF
Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities of companies principally engaged in the real estate industry. It invests primarily in equity securities of U.S. and non-U.S. companies, including those of small companies. The fund is non-diversified.
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 | 42 |
| ⏱ 15-Min | BULLISH | 39 |
| ⏲ 5-Min | BULLISH | 118 |
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.