FHECXETF / FundFidelity Advisor Real Estate Fund
Verdicts genuinely change. Free email alert the moment FHECX'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.
Fidelity Advisor Real Estate Fund · Fidelity Advisor Series VII
41 holdings
NON-COMPLIANT 44.88% of portfolio weight is in non-compliant holdings, over the 5% threshold.
41 holdings, 32 matched (86% of weight). Portfolio as of 2025-10-31, filed 2025-12-23. Source: SEC Form N-PORT.
0.81% of this portfolio’s income is non-permissible — weighted across holdings, computed over 82% of portfolio weight (31 of 41 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.
39.8% compliant 0.9% questionable 44.9% non-compliant 14.5% unscreened
All holdings (41)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| PLD PROLOGIS INC | COMPLIANT | 10.50% | 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 | 8.98% | 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 | 8.54% | 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 | 8.20% | AAOIFI52.7% Usmani71.1% Dow Jones Islamic52.4% S&P Shariah52.4% MSCI Islamic71.1% MSCI Islamic M-Series52.4% FTSE Shariah58.8% |
| KIM KIMCO REALTY CORP | NON_COMPLIANT | 4.62% | AAOIFI51.8% Usmani38.5% Dow Jones Islamic53.4% S&P Shariah57.2% MSCI Islamic38.5% MSCI Islamic M-Series57.2% FTSE Shariah38.5% |
| NNN REIT INC | UNSCREENED | 4.35% | no in-house ratios for this holding |
| PSA PUBLIC STORAGE | NON_COMPLIANT | 4.23% | 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 | 4.19% | AAOIFI28.0% Usmani42.8% Dow Jones Islamic38.5% S&P Shariah45.5% MSCI Islamic42.8% MSCI Islamic M-Series45.5% FTSE Shariah42.8% |
| IRM IRON MOUNTAIN INC | NON_COMPLIANT | 3.81% | AAOIFI57.3% Usmani93.4% Dow Jones Islamic66.1% S&P Shariah73.7% MSCI Islamic90.9% MSCI Islamic M-Series73.7% FTSE Shariah79.0% |
| CBRE CBRE GROUP INC | COMPLIANT | 3.57% | AAOIFI20.1% Usmani27.9% Dow Jones Islamic19.6% S&P Shariah22.3% MSCI Islamic27.2% MSCI Islamic M-Series22.3% FTSE Shariah19.0% |
| DLR DIGITAL REALTY TRUST INC | COMPLIANT | 3.42% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| STAG STAG INDUSTRIAL INC | NON_COMPLIANT | 3.41% | AAOIFI44.2% Usmani44.6% Dow Jones Islamic48.2% S&P Shariah49.6% MSCI Islamic44.6% MSCI Islamic M-Series49.6% FTSE Shariah44.6% |
| UDR UDR INC | NON_COMPLIANT | 3.34% | AAOIFI41.8% Usmani54.8% Dow Jones Islamic45.2% S&P Shariah46.9% MSCI Islamic54.8% MSCI Islamic M-Series46.9% FTSE Shariah54.8% |
| EQUITY RESIDENTIAL | UNSCREENED | 3.10% | no in-house ratios for this holding |
| AMH AMERICAN HOMES 4 RENT | NON_COMPLIANT | 1.91% | AAOIFI43.9% Usmani39.1% Dow Jones Islamic43.1% S&P Shariah43.1% MSCI Islamic39.1% MSCI Islamic M-Series43.1% FTSE Shariah39.1% |
| SBAC SBA COMMUNICATIONS CORP | NON_COMPLIANT | 1.86% | AAOIFI63.3% Usmani108.4% Dow Jones Islamic58.7% S&P Shariah58.5% MSCI Islamic108.4% MSCI Islamic M-Series58.5% FTSE Shariah108.4% |
| UE URBAN EDGE PROPERTIES | NON_COMPLIANT | 1.67% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| TERRENO RLTY CORP | UNSCREENED | 1.53% | no in-house ratios for this holding |
| INVH INVITATION HOMES INC | NON_COMPLIANT | 1.44% | AAOIFI52.4% Usmani46.2% Dow Jones Islamic47.8% S&P Shariah46.8% MSCI Islamic46.2% MSCI Islamic M-Series46.8% FTSE Shariah46.2% |
| AMERICOLD REALTY TRUST | UNSCREENED | 1.31% | no in-house ratios for this holding |
| CPT CAMDEN PROPERTY TRUST | NON_COMPLIANT | 1.27% | AAOIFI49.3% Usmani51.3% Dow Jones Islamic43.8% S&P Shariah45.2% MSCI Islamic51.3% MSCI Islamic M-Series45.2% FTSE Shariah51.3% |
| JLL JONES LANG LASALLE INC | NON_COMPLIANT | 1.19% | AAOIFI18.3% Usmani14.4% Dow Jones Islamic18.3% S&P Shariah20.5% MSCI Islamic14.4% MSCI Islamic M-Series20.5% FTSE Shariah9.4% |
| Fidelity Revere Street Trust | UNSCREENED | 1.15% | no in-house ratios for this holding |
| REGENCY CENTERS CORP(REIT) | UNSCREENED | 1.12% | no in-house ratios for this holding |
| FCPT FOUR CORNERS PROPERTY TRUST INC | NON_COMPLIANT | 0.96% | AAOIFI45.8% Usmani41.8% Dow Jones Islamic49.5% S&P Shariah53.9% MSCI Islamic41.8% MSCI Islamic M-Series53.9% FTSE Shariah41.8% |
| CUBE CUBESMART | NON_COMPLIANT | 0.93% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| PECO PHILLIPS EDISON and CO INC | NON_COMPLIANT | 0.90% | AAOIFI44.6% Usmani45.0% Dow Jones Islamic54.6% S&P Shariah57.5% MSCI Islamic45.0% MSCI Islamic M-Series57.5% FTSE Shariah45.0% |
| CSGP COSTAR GROUP INC | QUESTIONABLE | 0.86% | AAOIFI9.1% Usmani11.4% Dow Jones Islamic4.2% S&P Shariah3.9% MSCI Islamic11.3% MSCI Islamic M-Series3.9% FTSE Shariah9.8% |
| WY WEYERHAEUSER CO | NON_COMPLIANT | 0.83% | AAOIFI31.3% Usmani32.1% Dow Jones Islamic28.8% S&P Shariah27.4% MSCI Islamic32.1% MSCI Islamic M-Series27.4% FTSE Shariah32.1% |
| Z ZILLOW GROUP INC | NON_COMPLIANT | 0.82% | AAOIFI4.6% Usmani6.1% Dow Jones Islamic2.4% S&P Shariah2.5% MSCI Islamic6.1% MSCI Islamic M-Series2.5% FTSE Shariah4.3% |
| COMPASS INC | UNSCREENED | 0.78% | no in-house ratios for this holding |
| MAC MACERICH CO | NON_COMPLIANT | 0.78% | AAOIFI73.6% Usmani56.9% Dow Jones Islamic104.4% S&P Shariah119.9% MSCI Islamic56.9% MSCI Islamic M-Series119.9% FTSE Shariah56.9% |
| SKT TANGER INC | NON_COMPLIANT | 0.75% | AAOIFI43.4% Usmani65.1% Dow Jones Islamic49.7% S&P Shariah55.2% MSCI Islamic65.1% MSCI Islamic M-Series55.2% FTSE Shariah65.1% |
| EXR EXTRA SPACE STORAGE INC | NON_COMPLIANT | 0.62% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| LAMAR ADVERTISING CO | UNSCREENED | 0.62% | no in-house ratios for this holding |
| SUI SUN COMMUNITIES INC | COMPLIANT | 0.61% | AAOIFI50.8% Usmani59.8% Dow Jones Islamic48.7% S&P Shariah50.2% MSCI Islamic59.8% MSCI Islamic M-Series50.2% FTSE Shariah59.8% |
| ACADIA REALTY TRUST | UNSCREENED | 0.51% | no in-house ratios for this holding |
| O REALTY INCOME CORP | NON_COMPLIANT | 0.43% | AAOIFI3.9% Usmani2.6% Dow Jones Islamic4.0% S&P Shariah4.3% MSCI Islamic2.6% MSCI Islamic M-Series4.3% FTSE Shariah2.6% |
| IVT INVENTRUST PROPERTIES CORP | NON_COMPLIANT | 0.36% | AAOIFI43.0% Usmani36.1% Dow Jones Islamic48.9% S&P Shariah54.2% MSCI Islamic36.1% MSCI Islamic M-Series54.2% FTSE Shariah36.1% |
| CURB CURBLINE PROPERTIES CORP | NON_COMPLIANT | 0.30% | AAOIFI17.6% Usmani22.7% Dow Jones Islamic23.2% S&P Shariahfail MSCI Islamic22.7% MSCI Islamic M-Seriesfail FTSE Shariah22.7% |
| FVR FRONTVIEW REIT INC | NON_COMPLIANT | 0.25% | AAOIFI58.1% Usmani36.6% Dow Jones Islamic108.2% S&P Shariahfail MSCI Islamic36.6% MSCI Islamic M-Seriesfail FTSE Shariah36.6% |
The published standards disagree about this fund by 38 points of portfolio weight — 45.5% of it passes AAOIFI, 7.3% 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 45.5% ratios fail on 35.0% 19.5% not rated under AAOIFI
ratios pass on 7.3% ratios fail on 62.0% 30.7% not rated under Usmani
ratios pass on 42.1% ratios fail on 38.3% 19.5% not rated under Dow Jones Islamic
ratios pass on 42.1% ratios fail on 38.3% 19.5% not rated under S&P Shariah
ratios pass on 14.9% ratios fail on 65.6% 19.5% not rated under MSCI Islamic
ratios pass on 42.1% ratios fail on 38.3% 19.5% not rated under MSCI Islamic M-Series
ratios pass on 18.4% ratios fail on 62.0% 19.5% not rated under FTSE Shariah
32 of 41 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.
| Non-compliant holding | Weight |
|---|---|
| AMT AMERICAN TOWER CORP | 8.20% |
| KIM KIMCO REALTY CORP | 4.62% |
| PSA PUBLIC STORAGE | 4.23% |
| IRM IRON MOUNTAIN INC | 3.81% |
| STAG STAG INDUSTRIAL INC | 3.41% |
| UDR UDR INC | 3.34% |
| AMH AMERICAN HOMES 4 RENT | 1.91% |
| SBAC SBA COMMUNICATIONS CORP | 1.86% |
| UE URBAN EDGE PROPERTIES | 1.67% |
| INVH INVITATION HOMES INC | 1.44% |
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Fidelity Advisor Real Estate Fund (FHECX) 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 |
|---|---|---|
| PLDPROLOGIS INC | 10.50% | Compliant |
| EQIXEQUINIX INC | 8.98% | Compliant |
| WELLWELLTOWER INC | 8.54% | Compliant |
| AMTAMERICAN TOWER CORP | 8.20% | Non-compliant |
| KIMKIMCO REALTY CORP | 4.62% | Non-compliant |
| NNN REIT INCnot matched to a ticker | 4.35% | Not screened |
| PSAPUBLIC STORAGE | 4.23% | Non-compliant |
| VTRVENTAS INC | 4.19% | Compliant |
| IRMIRON MOUNTAIN INC | 3.81% | Non-compliant |
| CBRECBRE GROUP INC | 3.57% | Compliant |
Top 10 of 41 holdings, 61.0% 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-compliant8.20%
- KIMnon-compliant4.62%
- NNN REIT INCnot screened4.35%
- PSAnon-compliant4.23%
- IRMnon-compliant3.81%
- STAGnon-compliant3.41%
What changed, and when
Verdict history for FHECX. 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 FHECX 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 2 days - this is not a reading of today
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.