Verdicts genuinely change. Free email alert the moment DNREX'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.
Dunham Real Estate Stock Fund · Dunham Funds
43 holdings
NON-COMPLIANT 44.29% of portfolio weight is in non-compliant holdings, over the 5% threshold.
43 holdings, 32 matched (79% of weight). Portfolio as of 2026-07-31, filed 2026-09-28. Source: SEC Form N-PORT.
1.79% of this portfolio’s income is non-permissible — weighted across holdings, computed over 70% 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.
35.2% compliant 0.0% questionable 44.3% non-compliant 20.5% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| WELL WELLTOWER INC | COMPLIANT | 11.00% | 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 | 8.51% | AAOIFI25.8% Usmani35.3% Dow Jones Islamic31.2% S&P Shariah32.1% MSCI Islamic35.3% MSCI Islamic M-Series32.1% FTSE Shariah35.3% |
| DLR DIGITAL REALTY TRUST INC | COMPLIANT | 5.07% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| SPG SIMON PROPERTY GROUP INC | NON_COMPLIANT | 4.89% | AAOIFI42.4% Usmani72.3% Dow Jones Islamic57.5% S&P Shariah63.8% MSCI Islamic72.3% MSCI Islamic M-Series63.8% FTSE Shariah72.3% |
| AHR AMERICAN HEALTHCARE REIT INC | COMPLIANT | 4.70% | AAOIFI14.3% Usmani33.6% Dow Jones Islamic22.1% S&P Shariah25.8% MSCI Islamic31.1% MSCI Islamic M-Series25.8% FTSE Shariah31.1% |
| EXR EXTRA SPACE STORAGE INC | NON_COMPLIANT | 3.70% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| EQIX EQUINIX INC | COMPLIANT | 3.63% | AAOIFI20.7% Usmani57.3% Dow Jones Islamic24.8% S&P Shariah26.3% MSCI Islamic51.7% MSCI Islamic M-Series26.3% FTSE Shariah48.4% |
| AMERICOLD REALTY TRUST INC | UNSCREENED | 3.49% | no in-house ratios for this holding |
| FIRST INDUSTRIAL REALTY TRUST INC | UNSCREENED | 3.39% | no in-house ratios for this holding |
| IRT INDEPENDENCE REALTY TRUST INC | NON_COMPLIANT | 3.19% | AAOIFI62.8% Usmani40.1% Dow Jones Islamic60.8% S&P Shariah64.8% MSCI Islamic40.1% MSCI Islamic M-Series64.8% FTSE Shariah40.1% |
| EQUITY RESIDENTIAL | UNSCREENED | 3.17% | no in-house ratios for this holding |
| BXP BXP INC | NON_COMPLIANT | 3.13% | AAOIFI8.5% Usmani3.9% Dow Jones Islamic9.4% S&P Shariah9.9% MSCI Islamic3.9% MSCI Islamic M-Series9.9% FTSE Shariah3.9% |
| CURB CURBLINE PROPERTIES CORP | NON_COMPLIANT | 3.03% | AAOIFI17.6% Usmani22.7% Dow Jones Islamic23.2% S&P Shariahfail MSCI Islamic22.7% MSCI Islamic M-Seriesfail FTSE Shariah22.7% |
| EPRT ESSENTIAL PROPERTIES REALTY TRUST INC | NON_COMPLIANT | 2.94% | AAOIFI45.0% Usmani39.1% Dow Jones Islamic49.1% S&P Shariah55.6% MSCI Islamic39.1% MSCI Islamic M-Series55.6% FTSE Shariah39.1% |
| AGREE REALTY CORP | UNSCREENED | 2.83% | no in-house ratios for this holding |
| NIPPON ACCOMMODATIONS FUND INC | UNSCREENED | 2.39% | no in-house ratios for this holding |
| JAN JANUS LIVING INC | COMPLIANT | 2.30% | AAOIFI0.0% Usmani0.0% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic0.0% MSCI Islamic M-Seriespass FTSE Shariah0.0% |
| URW.PA UNIBAIL-RODAMCO-WESTFIELD SE | NON_COMPLIANT | 2.24% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 8951.T NIPPON BUILDING FUND INC | NON_COMPLIANT | 1.91% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CSQUARE INC | UNSCREENED | 1.89% | no in-house ratios for this holding |
| IRON MOUNTAIN INC (REIT) | UNSCREENED | 1.88% | no in-house ratios for this holding |
| BBOX.L TRITAX BIG BOX REIT PLC | NON_COMPLIANT | 1.87% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| REG REGENCY CENTERS CORP | NON_COMPLIANT | 1.67% | AAOIFI36.3% Usmani38.4% Dow Jones Islamic38.6% S&P Shariah41.4% MSCI Islamic38.4% MSCI Islamic M-Series41.4% FTSE Shariah38.4% |
| CUBE CUBESMART | NON_COMPLIANT | 1.45% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| HLTC NATIONAL HEALTHCARE PROPERTIES INC | NON_COMPLIANT | 1.42% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariahfail MSCI Islamic0.0% MSCI Islamic M-Seriesfail FTSE Shariah0.0% |
| LMP.L LONDONMETRIC PROPERTY PLC | NON_COMPLIANT | 1.40% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CSH-UN.TO CHARTWELL RETIREMENT RESIDENCES | NON_COMPLIANT | 1.24% | AAOIFI43.9% Usmani59.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic59.2% MSCI Islamic M-Seriesfail FTSE Shariah59.2% |
| SHO SUNSTONE HOTEL INVESTORS INC | NON_COMPLIANT | 1.22% | AAOIFI48.5% Usmani32.3% Dow Jones Islamic52.6% S&P Shariah52.1% MSCI Islamic32.3% MSCI Islamic M-Series52.1% FTSE Shariah32.3% |
| FVR FRONTVIEW REIT INC | NON_COMPLIANT | 1.15% | AAOIFI58.1% Usmani36.6% Dow Jones Islamic108.2% S&P Shariahfail MSCI Islamic36.6% MSCI Islamic M-Seriesfail FTSE Shariah36.6% |
| MAA MID-AMERICA APARTMENT COMMUNITIES INC | NON_COMPLIANT | 1.14% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| RGN.AX REGION RE LTD | NON_COMPLIANT | 1.10% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AED.BR AEDIFICA SA | NON_COMPLIANT | 1.01% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| A17U.SI CAPITALAND ASCENDAS REIT | NON_COMPLIANT | 0.98% | AAOIFI65.4% Usmani43.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic40.0% MSCI Islamic M-Seriesfail FTSE Shariah40.0% |
| 0823.HK LINK REAL ESTATE INVESTMENT TRUST | NON_COMPLIANT | 0.76% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| C09.SI CITY DEVELOPMENTS LTD | NON_COMPLIANT | 0.74% | AAOIFI182.9% Usmani54.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic52.0% MSCI Islamic M-Seriesfail FTSE Shariah52.0% |
| 8987.T JAPAN EXCELLENT INC | NON_COMPLIANT | 0.70% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| UI BOUSTEAD REIT | UNSCREENED | 0.61% | no in-house ratios for this holding |
| WAREHOUSE DE PAUW NV | UNSCREENED | 0.56% | no in-house ratios for this holding |
| NXT.AX NEXTDC LTD | NON_COMPLIANT | 0.51% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SGP.AX STOCKLAND TRUST MANAGEMENT LTD | NON_COMPLIANT | 0.47% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| GMG.AX GOODMAN GROUP | NON_COMPLIANT | 0.43% | AAOIFI10.2% Usmani18.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic18.2% MSCI Islamic M-Seriesfail FTSE Shariah18.2% |
| FIDELITY COLCHESTER STREET TRUST | UNSCREENED | 0.35% | no in-house ratios for this holding |
| N/A | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 26 points of portfolio weight — 26.9% of it passes AAOIFI, 1.2% 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 26.9% ratios fail on 34.9% 38.3% not rated under AAOIFI
ratios pass on 1.2% ratios fail on 50.1% 48.7% not rated under Usmani
ratios pass on 26.9% ratios fail on 34.9% 38.3% not rated under Dow Jones Islamic
ratios pass on 26.9% ratios fail on 34.9% 38.3% not rated under S&P Shariah
ratios pass on 14.9% ratios fail on 45.4% 39.7% not rated under MSCI Islamic
ratios pass on 26.9% ratios fail on 34.9% 38.3% not rated under MSCI Islamic M-Series
ratios pass on 14.9% ratios fail on 45.4% 39.7% not rated under FTSE Shariah
32 of 43 listed holdings carry our own per-methodology verdicts (80% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 22 (68% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| SPG SIMON PROPERTY GROUP INC | 4.89% |
| EXR EXTRA SPACE STORAGE INC | 3.70% |
| IRT INDEPENDENCE REALTY TRUST INC | 3.19% |
| BXP BXP INC | 3.13% |
| CURB CURBLINE PROPERTIES CORP | 3.03% |
| EPRT ESSENTIAL PROPERTIES REALTY TRUST INC | 2.94% |
| URW.PA UNIBAIL-RODAMCO-WESTFIELD SE | 2.24% |
| 8951.T NIPPON BUILDING FUND INC | 1.91% |
| BBOX.L TRITAX BIG BOX REIT PLC | 1.87% |
| REG REGENCY CENTERS CORP | 1.67% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Dunham Real Estate Stock Fund (DNREX) 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.
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 | 11.00% | Compliant |
| PLDPROLOGIS INC | 8.51% | Compliant |
| DLRDIGITAL REALTY TRUST INC | 5.07% | Compliant |
| SPGSIMON PROPERTY GROUP INC | 4.89% | Non-compliant |
| AHRAMERICAN HEALTHCARE REIT INC | 4.70% | Compliant |
| EXREXTRA SPACE STORAGE INC | 3.70% | Non-compliant |
| EQIXEQUINIX INC | 3.63% | Compliant |
| AMERICOLD REALTY TRUST INCnot matched to a ticker | 3.49% | Not screened |
| FIRST INDUSTRIAL REALTY TRUST INCnot matched to a ticker | 3.39% | Not screened |
| IRTINDEPENDENCE REALTY TRUST INC | 3.19% | Non-compliant |
Top 10 of 43 holdings, 51.6% of the fund by weight. Every holding is screened, not only these.
The positions keeping this fund short of 100% compliant by weight.
Verdict history for DNREX. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
ℹ️ no compliance scan has run for 2 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.
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) | 33.30 | NEUTRAL |
| Stochastic %K (14) | 21.54 | NEUTRAL |
| CCI (20) | -77.57 | NEUTRAL |
| Williams %R (14) | -78.46 | NEUTRAL |
| MACD (12,26,9) | -0.01 | SELL |
| ROC (10) | -2.05 | SELL |
| Momentum (10) | -0.29 | SELL |
| EMA (10) | 13.91 | SELL |
| SMA (10) | 13.88 | SELL |
| EMA (20) | 14.09 | SELL |
| SMA (20) | 14.10 | SELL |
| EMA (30) | 14.25 | SELL |
| SMA (30) | 14.31 | SELL |
| EMA (50) | 14.45 | SELL |
| SMA (50) | 14.64 | SELL |
| EMA (100) | 14.53 | SELL |
| SMA (100) | 14.74 | SELL |
| EMA (200) | 14.20 | SELL |
| SMA (200) | 14.32 | SELL |
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
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.
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.