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.
Real Estate Securities Fund · Principal Funds, Inc
43 holdings · as of 2026-04-30 (4.7 months ago) The fund may have traded since. SEC Form N-PORT is filed quarterly and lags the period it covers, so these are the most recent holdings on file, not the fund’s holdings today.
NON-COMPLIANT 51.77% of portfolio weight is in non-compliant holdings, over the 5% threshold.
43 holdings, 36 matched (95% of weight). Portfolio as of 2026-04-30, filed 2026-06-25. Source: SEC Form N-PORT.
1.00% of this portfolio’s income is non-permissible — weighted across holdings, computed over 75% of portfolio weight (30 of 43 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.
43.7% compliant 0.0% questionable 51.7% non-compliant 4.6% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| EQIX Equinix Inc | COMPLIANT | 10.45% | 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 | 9.56% | 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 | 7.86% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| VTR Ventas Inc | COMPLIANT | 6.97% | AAOIFI28.0% Usmani42.8% Dow Jones Islamic38.5% S&P Shariah45.5% MSCI Islamic42.8% MSCI Islamic M-Series45.5% FTSE Shariah42.8% |
| PLD Prologis Inc | COMPLIANT | 5.99% | AAOIFI25.8% Usmani35.3% Dow Jones Islamic31.2% S&P Shariah32.1% MSCI Islamic35.3% MSCI Islamic M-Series32.1% FTSE Shariah35.3% |
| EXR Extra Space Storage Inc | NON_COMPLIANT | 4.40% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| DLR Digital Realty Trust Inc | COMPLIANT | 3.72% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| AVB AvalonBay Communities Inc | NON_COMPLIANT | 3.52% | AAOIFIfail Usmanifail Dow Jones Islamic— S&P Shariah— MSCI Islamicfail MSCI Islamic M-Series— FTSE Shariahfail |
| REG Regency Centers Corp | NON_COMPLIANT | 3.40% | AAOIFI36.3% Usmani38.4% Dow Jones Islamic38.6% S&P Shariah41.4% MSCI Islamic38.4% MSCI Islamic M-Series41.4% FTSE Shariah38.4% |
| IRM Iron Mountain Inc | NON_COMPLIANT | 3.03% | 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 | 2.87% | AAOIFI35.7% Usmani49.5% Dow Jones Islamic37.2% S&P Shariah39.3% MSCI Islamic49.5% MSCI Islamic M-Series39.3% FTSE Shariah49.5% |
| AMH American Homes 4 Rent | NON_COMPLIANT | 2.81% | AAOIFI43.9% Usmani39.1% Dow Jones Islamic43.1% S&P Shariah43.1% MSCI Islamic39.1% MSCI Islamic M-Series43.1% FTSE Shariah39.1% |
| SBRA Sabra Health Care REIT Inc | NON_COMPLIANT | 2.48% | AAOIFI49.4% Usmani47.6% Dow Jones Islamic61.2% S&P Shariah69.2% MSCI Islamic47.6% MSCI Islamic M-Series69.2% FTSE Shariah47.6% |
| CCI Crown Castle Inc | NON_COMPLIANT | 2.39% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| EGP EastGroup Properties Inc | COMPLIANT | 2.16% | AAOIFI15.0% Usmani29.2% Dow Jones Islamic17.6% S&P Shariah18.6% MSCI Islamic29.2% MSCI Islamic M-Series18.6% FTSE Shariah29.2% |
| SPG Simon Property Group Inc | NON_COMPLIANT | 2.06% | AAOIFI42.4% Usmani72.3% Dow Jones Islamic57.5% S&P Shariah63.8% MSCI Islamic72.3% MSCI Islamic M-Series63.8% FTSE Shariah72.3% |
| REXR Rexford Industrial Realty Inc | NON_COMPLIANT | 1.95% | AAOIFI39.8% Usmani28.1% Dow Jones Islamic38.3% S&P Shariah36.9% MSCI Islamic28.1% MSCI Islamic M-Series36.9% FTSE Shariah28.1% |
| INVH Invitation Homes Inc | NON_COMPLIANT | 1.90% | AAOIFI52.4% Usmani46.2% Dow Jones Islamic47.8% S&P Shariah46.8% MSCI Islamic46.2% MSCI Islamic M-Series46.8% FTSE Shariah46.2% |
| DOC Healthpeak Properties Inc | NON_COMPLIANT | 1.58% | AAOIFI67.5% Usmani46.3% Dow Jones Islamic80.6% S&P Shariah86.7% MSCI Islamic46.3% MSCI Islamic M-Series86.7% FTSE Shariah46.3% |
| AHR American Healthcare REIT Inc | COMPLIANT | 1.53% | AAOIFI14.3% Usmani33.6% Dow Jones Islamic22.1% S&P Shariah25.8% MSCI Islamic31.1% MSCI Islamic M-Series25.8% FTSE Shariah31.1% |
| CUZ Cousins Properties Inc | NON_COMPLIANT | 1.47% | AAOIFI77.9% Usmani41.3% Dow Jones Islamic85.2% S&P Shariah94.4% MSCI Islamic41.3% MSCI Islamic M-Series94.4% FTSE Shariah41.3% |
| Agree Realty Corp | UNSCREENED | 1.46% | no in-house ratios for this holding |
| IVT InvenTrust Properties Corp | NON_COMPLIANT | 1.41% | 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 | 1.39% | AAOIFI66.7% Usmani57.1% Dow Jones Islamic65.1% S&P Shariah68.3% MSCI Islamic57.1% MSCI Islamic M-Series68.3% FTSE Shariah57.1% |
| NTST NETSTREIT Corp | NON_COMPLIANT | 1.34% | AAOIFI68.1% Usmani46.0% Dow Jones Islamic94.2% S&P Shariah104.2% MSCI Islamic46.0% MSCI Islamic M-Series104.2% FTSE Shariah46.0% |
| ELS Equity LifeStyle Properties Inc | COMPLIANT | 1.33% | AAOIFI27.9% Usmani58.2% Dow Jones Islamic27.8% S&P Shariah28.2% MSCI Islamic58.2% MSCI Islamic M-Series28.2% FTSE Shariah58.2% |
| SBAC SBA Communications Corp | NON_COMPLIANT | 1.04% | AAOIFI63.3% Usmani108.4% Dow Jones Islamic58.7% S&P Shariah58.5% MSCI Islamic108.4% MSCI Islamic M-Series58.5% FTSE Shariah108.4% |
| HLT Hilton Worldwide Holdings Inc | NON_COMPLIANT | 1.02% | AAOIFI20.0% Usmani82.8% Dow Jones Islamic21.8% S&P Shariah23.8% MSCI Islamic82.8% MSCI Islamic M-Series23.8% FTSE Shariah78.8% |
| TRNO Terreno Realty Corp | COMPLIANT | 0.95% | AAOIFI13.1% Usmani16.5% Dow Jones Islamic15.2% S&P Shariah16.2% MSCI Islamic16.5% MSCI Islamic M-Series16.2% FTSE Shariah16.5% |
| VNO Vornado Realty Trust | NON_COMPLIANT | 0.94% | AAOIFI35.1% Usmani16.7% Dow Jones Islamic37.5% S&P Shariah41.9% MSCI Islamic16.7% MSCI Islamic M-Series41.9% FTSE Shariah16.7% |
| NHI National Health Investors Inc | NON_COMPLIANT | 0.94% | AAOIFI36.6% Usmani43.0% Dow Jones Islamic37.3% S&P Shariah41.8% MSCI Islamic43.0% MSCI Islamic M-Series41.8% FTSE Shariah43.0% |
| Ryman Hospitality Properties Inc | UNSCREENED | 0.93% | no in-house ratios for this holding |
| Kilroy Realty Corp | UNSCREENED | 0.79% | no in-house ratios for this holding |
| WY Weyerhaeuser Co | NON_COMPLIANT | 0.66% | AAOIFI31.3% Usmani32.1% Dow Jones Islamic28.8% S&P Shariah27.4% MSCI Islamic32.1% MSCI Islamic M-Series27.4% FTSE Shariah32.1% |
| SMA Smartstop Self Storage REIT Inc | NON_COMPLIANT | 0.63% | AAOIFI58.1% Usmani46.1% Dow Jones Islamic— S&P Shariah— MSCI Islamic46.1% MSCI Islamic M-Series— FTSE Shariah46.1% |
| H Hyatt Hotels Corp | COMPLIANT | 0.58% | AAOIFI29.7% Usmani32.3% Dow Jones Islamic31.3% S&P Shariah32.7% MSCI Islamic32.3% MSCI Islamic M-Series32.7% FTSE Shariah30.6% |
| HLTC National Healthcare Properties Inc | NON_COMPLIANT | 0.53% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariahfail MSCI Islamic0.0% MSCI Islamic M-Seriesfail FTSE Shariah0.0% |
| Brixmor Property Group Inc | UNSCREENED | 0.48% | no in-house ratios for this holding |
| JLL Jones Lang LaSalle Inc | COMPLIANT | 0.47% | AAOIFI15.5% Usmani14.4% Dow Jones Islamic18.5% S&P Shariah20.9% MSCI Islamic14.4% MSCI Islamic M-Series20.9% FTSE Shariah9.4% |
| Principal Funds, Inc - Government Money Market Fund - Class R-6 | UNSCREENED | 0.46% | no in-house ratios for this holding |
| Acadia Realty Trust | UNSCREENED | 0.31% | no in-house ratios for this holding |
| Hudson Pacific Properties Inc | UNSCREENED | 0.14% | no in-house ratios for this holding |
| BFS Saul Centers Inc | NON_COMPLIANT | 0.13% | AAOIFI199.6% Usmani74.3% Dow Jones Islamic202.8% S&P Shariah205.7% MSCI Islamic74.3% MSCI Islamic M-Series205.7% FTSE Shariah74.3% |
The published standards disagree about this fund by 38 points of portfolio weight — 39.5% of it passes AAOIFI, 1.7% 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 39.5% ratios fail on 36.1% 24.5% not rated under AAOIFI
ratios pass on 1.7% ratios fail on 59.3% 39.0% not rated under Usmani
ratios pass on 33.2% ratios fail on 38.2% 28.6% not rated under Dow Jones Islamic
ratios pass on 33.2% ratios fail on 38.2% 28.6% not rated under S&P Shariah
ratios pass on 16.3% ratios fail on 57.8% 26.0% not rated under MSCI Islamic
ratios pass on 33.2% ratios fail on 38.2% 28.6% not rated under MSCI Islamic M-Series
ratios pass on 16.3% ratios fail on 57.8% 26.0% not rated under FTSE Shariah
36 of 43 listed holdings carry our own per-methodology verdicts (95% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 33 (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 | 7.86% |
| EXR Extra Space Storage Inc | 4.40% |
| AVB AvalonBay Communities Inc | 3.52% |
| REG Regency Centers Corp | 3.40% |
| IRM Iron Mountain Inc | 3.03% |
| ESS Essex Property Trust Inc | 2.87% |
| AMH American Homes 4 Rent | 2.81% |
| SBRA Sabra Health Care REIT Inc | 2.48% |
| CCI Crown Castle Inc | 2.39% |
| SPG Simon Property Group Inc | 2.06% |
Methodology breakdown computing — it will appear here on its own.
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
PIREX (PIREX) 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.
Computing the full ratio and business-activity breakdown for PIREX — 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
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) | 28.70 | BUY |
| Stochastic %K (14) | 0.00 | BUY |
| CCI (20) | -152.05 | BUY |
| Williams %R (14) | -100.00 | BUY |
| MACD (12,26,9) | -0.10 | SELL |
| ROC (10) | -4.17 | SELL |
| Momentum (10) | -1.31 | SELL |
| EMA (10) | 30.70 | SELL |
| SMA (10) | 30.73 | SELL |
| EMA (20) | 31.03 | SELL |
| SMA (20) | 31.21 | SELL |
| EMA (30) | 31.22 | SELL |
| SMA (30) | 31.38 | SELL |
| EMA (50) | 31.34 | SELL |
| SMA (50) | 31.69 | SELL |
| EMA (100) | 31.10 | SELL |
| SMA (100) | 31.38 | SELL |
| EMA (200) | 30.07 | BUY |
| SMA (200) | 30.01 | BUY |
Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies principally engaged in the real estate industry. It invests in equity securities regardless of market capitalization (small, medium or large). The fund concentrates its investments (invest more than 25% of its net assets) in securities in the real estate industry. It is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
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.
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.
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.
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
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 2026-09-15 · Asset managers net 904684 (-7677)
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.