FPROETF / FundFidelity Real Estate Investment ETF
Verdicts genuinely change. Free email alert the moment FPRO'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 Real Estate Investment ETF ETF · Fidelity Covington Trust
44 holdings · as of 2026-07-31 (3.1 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 49.60% of portfolio weight is in non-compliant holdings, over the 5% threshold.
44 holdings, 35 matched (90% of weight). Portfolio as of 2026-07-31, filed 2026-09-23. Source: SEC Form N-PORT.
0.81% of this portfolio’s income is non-permissible — weighted across holdings, computed over 86% of portfolio weight (34 of 44 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.
39.0% compliant 0.4% questionable 49.6% non-compliant 10.1% unscreened
All holdings (44)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| PLD PROLOGIS INC | COMPLIANT | 9.92% | 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 | 9.21% | 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 | 8.81% | AAOIFI52.7% Usmani71.1% Dow Jones Islamic52.4% S&P Shariah52.4% MSCI Islamic71.1% MSCI Islamic M-Series52.4% FTSE Shariah58.8% |
| WELL WELLTOWER INC | COMPLIANT | 7.61% | AAOIFI10.6% Usmani26.7% Dow Jones Islamic15.6% S&P Shariah19.1% MSCI Islamic26.7% MSCI Islamic M-Series19.1% FTSE Shariah26.7% |
| SPG SIMON PROPERTY GROUP INC | NON_COMPLIANT | 5.27% | 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 | 3.92% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| CBRE CBRE GROUP INC | COMPLIANT | 3.71% | AAOIFI20.1% Usmani27.9% Dow Jones Islamic19.6% S&P Shariah22.3% MSCI Islamic27.2% MSCI Islamic M-Series22.3% FTSE Shariah19.0% |
| KIM KIMCO REALTY CORP | NON_COMPLIANT | 3.71% | AAOIFI51.8% Usmani38.5% Dow Jones Islamic53.4% S&P Shariah57.2% MSCI Islamic38.5% MSCI Islamic M-Series57.2% FTSE Shariah38.5% |
| UDR UDR INC | NON_COMPLIANT | 3.50% | AAOIFI41.8% Usmani54.8% Dow Jones Islamic45.2% S&P Shariah46.9% MSCI Islamic54.8% MSCI Islamic M-Series46.9% FTSE Shariah54.8% |
| VTR VENTAS INC | COMPLIANT | 3.15% | AAOIFI28.0% Usmani42.8% Dow Jones Islamic38.5% S&P Shariah45.5% MSCI Islamic42.8% MSCI Islamic M-Series45.5% FTSE Shariah42.8% |
| O REALTY INCOME CORP | NON_COMPLIANT | 3.13% | AAOIFI3.9% Usmani2.6% Dow Jones Islamic4.0% S&P Shariah4.3% MSCI Islamic2.6% MSCI Islamic M-Series4.3% FTSE Shariah2.6% |
| PSA PUBLIC STORAGE | NON_COMPLIANT | 2.88% | AAOIFI18.1% Usmani50.6% Dow Jones Islamic19.9% S&P Shariah20.7% MSCI Islamic50.6% MSCI Islamic M-Series20.7% FTSE Shariah50.6% |
| EQUITY RESIDENTIAL | UNSCREENED | 2.86% | no in-house ratios for this holding |
| NNN REIT INC | UNSCREENED | 2.58% | no in-house ratios for this holding |
| STAG STAG INDUSTRIAL INC | NON_COMPLIANT | 2.53% | AAOIFI44.2% Usmani44.6% Dow Jones Islamic48.2% S&P Shariah49.6% MSCI Islamic44.6% MSCI Islamic M-Series49.6% FTSE Shariah44.6% |
| IRM IRON MOUNTAIN INC | NON_COMPLIANT | 2.07% | AAOIFI57.3% Usmani93.4% Dow Jones Islamic66.1% S&P Shariah73.7% MSCI Islamic90.9% MSCI Islamic M-Series73.7% FTSE Shariah79.0% |
| AMH AMERICAN HOMES 4 RENT | NON_COMPLIANT | 1.87% | AAOIFI43.9% Usmani39.1% Dow Jones Islamic43.1% S&P Shariah43.1% MSCI Islamic39.1% MSCI Islamic M-Series43.1% FTSE Shariah39.1% |
| JLL JONES LANG LASALLE INC | NON_COMPLIANT | 1.78% | AAOIFI18.3% Usmani14.4% Dow Jones Islamic18.3% S&P Shariah20.5% MSCI Islamic14.4% MSCI Islamic M-Series20.5% FTSE Shariah9.4% |
| SBAC SBA COMMUNICATIONS CORP | NON_COMPLIANT | 1.54% | AAOIFI63.3% Usmani108.4% Dow Jones Islamic58.7% S&P Shariah58.5% MSCI Islamic108.4% MSCI Islamic M-Series58.5% FTSE Shariah108.4% |
| SUI SUN COMMUNITIES INC | COMPLIANT | 1.49% | AAOIFI50.8% Usmani59.8% Dow Jones Islamic48.7% S&P Shariah50.2% MSCI Islamic59.8% MSCI Islamic M-Series50.2% FTSE Shariah59.8% |
| INVH INVITATION HOMES INC | NON_COMPLIANT | 1.47% | AAOIFI52.4% Usmani46.2% Dow Jones Islamic47.8% S&P Shariah46.8% MSCI Islamic46.2% MSCI Islamic M-Series46.8% FTSE Shariah46.2% |
| UE URBAN EDGE PROPERTIES | NON_COMPLIANT | 1.32% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| DOC HEALTHPEAK PROPERTIES INC | NON_COMPLIANT | 1.32% | AAOIFI67.5% Usmani46.3% Dow Jones Islamic80.6% S&P Shariah86.7% MSCI Islamic46.3% MSCI Islamic M-Series86.7% FTSE Shariah46.3% |
| CPT CAMDEN PROPERTY TRUST | NON_COMPLIANT | 1.25% | AAOIFI49.3% Usmani51.3% Dow Jones Islamic43.8% S&P Shariah45.2% MSCI Islamic51.3% MSCI Islamic M-Series45.2% FTSE Shariah51.3% |
| WY WEYERHAEUSER CO | NON_COMPLIANT | 1.21% | AAOIFI31.3% Usmani32.1% Dow Jones Islamic28.8% S&P Shariah27.4% MSCI Islamic32.1% MSCI Islamic M-Series27.4% FTSE Shariah32.1% |
| TERRENO RLTY CORP | UNSCREENED | 1.16% | no in-house ratios for this holding |
| REGENCY CENTERS CORP(REIT) | UNSCREENED | 0.98% | no in-house ratios for this holding |
| SKT TANGER INC | NON_COMPLIANT | 0.84% | AAOIFI43.4% Usmani65.1% Dow Jones Islamic49.7% S&P Shariah55.2% MSCI Islamic65.1% MSCI Islamic M-Series55.2% FTSE Shariah65.1% |
| PECO PHILLIPS EDISON and CO INC | NON_COMPLIANT | 0.81% | AAOIFI44.6% Usmani45.0% Dow Jones Islamic54.6% S&P Shariah57.5% MSCI Islamic45.0% MSCI Islamic M-Series57.5% FTSE Shariah45.0% |
| COMPASS INC | UNSCREENED | 0.81% | no in-house ratios for this holding |
| MAC MACERICH CO | NON_COMPLIANT | 0.80% | AAOIFI73.6% Usmani56.9% Dow Jones Islamic104.4% S&P Shariah119.9% MSCI Islamic56.9% MSCI Islamic M-Series119.9% FTSE Shariah56.9% |
| CUBE CUBESMART | NON_COMPLIANT | 0.79% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| FCPT FOUR CORNERS PROPERTY TRUST INC | NON_COMPLIANT | 0.70% | AAOIFI45.8% Usmani41.8% Dow Jones Islamic49.5% S&P Shariah53.9% MSCI Islamic41.8% MSCI Islamic M-Series53.9% FTSE Shariah41.8% |
| AMERICOLD REALTY TRUST | UNSCREENED | 0.70% | no in-house ratios for this holding |
| EXR EXTRA SPACE STORAGE INC | NON_COMPLIANT | 0.52% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| CSGP COSTAR GROUP INC | QUESTIONABLE | 0.44% | AAOIFI9.1% Usmani11.4% Dow Jones Islamic4.2% S&P Shariah3.9% MSCI Islamic11.3% MSCI Islamic M-Series3.9% FTSE Shariah9.8% |
| FVR FRONTVIEW REIT INC | NON_COMPLIANT | 0.41% | AAOIFI58.1% Usmani36.6% Dow Jones Islamic108.2% S&P Shariahfail MSCI Islamic36.6% MSCI Islamic M-Seriesfail FTSE Shariah36.6% |
| LAMAR ADVERTISING CO | UNSCREENED | 0.41% | no in-house ratios for this holding |
| ACADIA REALTY TRUST | UNSCREENED | 0.37% | no in-house ratios for this holding |
| IVT INVENTRUST PROPERTIES CORP | NON_COMPLIANT | 0.31% | 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 | 0.28% | AAOIFI17.6% Usmani22.7% Dow Jones Islamic23.2% S&P Shariahfail MSCI Islamic22.7% MSCI Islamic M-Seriesfail FTSE Shariah22.7% |
| Z ZILLOW GROUP INC | NON_COMPLIANT | 0.26% | AAOIFI4.6% Usmani6.1% Dow Jones Islamic2.4% S&P Shariah2.5% MSCI Islamic6.1% MSCI Islamic M-Series2.5% FTSE Shariah4.3% |
| HLTC NATIONAL HEALTHCARE PROPERTIES INC | NON_COMPLIANT | 0.22% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariahfail MSCI Islamic0.0% MSCI Islamic M-Seriesfail FTSE Shariah0.0% |
| CSQUARE INC | UNSCREENED | 0.19% | no in-house ratios for this holding |
The published standards disagree about this fund by 34 points of portfolio weight — 41.1% of it passes AAOIFI, 7.4% 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 41.1% ratios fail on 38.9% 19.1% not rated under AAOIFI
ratios pass on 7.4% ratios fail on 62.7% 29.1% not rated under Usmani
ratios pass on 39.1% ratios fail on 40.9% 19.1% not rated under Dow Jones Islamic
ratios pass on 39.1% ratios fail on 40.9% 19.1% not rated under S&P Shariah
ratios pass on 13.4% ratios fail on 66.4% 19.3% not rated under MSCI Islamic
ratios pass on 39.1% ratios fail on 40.9% 19.1% not rated under MSCI Islamic M-Series
ratios pass on 17.1% ratios fail on 62.7% 19.3% not rated under FTSE Shariah
35 of 44 listed holdings carry our own per-methodology verdicts (89% 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 | 8.81% |
| SPG SIMON PROPERTY GROUP INC | 5.27% |
| KIM KIMCO REALTY CORP | 3.71% |
| UDR UDR INC | 3.50% |
| O REALTY INCOME CORP | 3.13% |
| PSA PUBLIC STORAGE | 2.88% |
| STAG STAG INDUSTRIAL INC | 2.53% |
| IRM IRON MOUNTAIN INC | 2.07% |
| AMH AMERICAN HOMES 4 RENT | 1.87% |
| JLL JONES LANG LASALLE INC | 1.78% |
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.
Fidelity Real Estate Investment ETF (FPRO) 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 FPRO — 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) | 59.00 | NEUTRAL |
| Stochastic %K (14) | 90.05 | SELL |
| CCI (20) | 175.77 | SELL |
| Williams %R (14) | -9.95 | SELL |
| MACD (12,26,9) | 0.10 | BUY |
| ROC (10) | 2.21 | BUY |
| Momentum (10) | 0.52 | BUY |
| EMA (10) | 23.82 | BUY |
| SMA (10) | 23.78 | BUY |
| EMA (20) | 23.73 | BUY |
| SMA (20) | 23.57 | BUY |
| EMA (30) | 23.77 | BUY |
| SMA (30) | 23.54 | BUY |
| EMA (50) | 23.93 | BUY |
| SMA (50) | 23.96 | BUY |
| EMA (100) | 24.11 | BUY |
| SMA (100) | 24.53 | SELL |
| EMA (200) | 23.68 | BUY |
| SMA (200) | 24.06 | BUY |
About Fidelity Real Estate Investment ETF
The fund is an actively managed ETF that operates pursuant to an exemptive order from the Securities and Exchange Commission (Order) and is not required to publicly disclose its complete portfolio holdings each business day. The fund normally invests at least 80% of assets in securities of companies principally engaged in the real estate industry and other real estate related investments. It invests in domestic and foreign issuers. The fund is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
Average — needs more confirmation before sizing up
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 | 46 |
| ⏲ 5-Min | BULLISH | 140 |
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 2026-10-27 · Asset managers net 923449 (+22072)
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.