FREEXETF / FundFranklin Real Estate Securities Fund
Verdicts genuinely change. Free email alert the moment FREEX'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.
Franklin Real Estate Securities Fund · Franklin Real Estate Securities Trust
42 holdings
NON-COMPLIANT 48.43% of portfolio weight is in non-compliant holdings, over the 5% threshold.
42 holdings, 34 matched (90% of weight). Portfolio as of 2026-07-31, filed 2026-09-25. Source: SEC Form N-PORT.
0.76% of this portfolio’s income is non-permissible — weighted across holdings, computed over 82% of portfolio weight (32 of 42 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.
41.7% compliant 0.0% questionable 48.3% non-compliant 10.0% unscreened
All holdings (42)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| WELL Welltower, Inc. | COMPLIANT | 11.58% | 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 | 7.28% | 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 | 7.20% | 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 | 6.55% | AAOIFI52.7% Usmani71.1% Dow Jones Islamic52.4% S&P Shariah52.4% MSCI Islamic71.1% MSCI Islamic M-Series52.4% FTSE Shariah58.8% |
| DLR Digital Realty Trust, Inc. | COMPLIANT | 4.73% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| O Realty Income Corp. | NON_COMPLIANT | 4.50% | AAOIFI3.9% Usmani2.6% Dow Jones Islamic4.0% S&P Shariah4.3% MSCI Islamic2.6% MSCI Islamic M-Series4.3% FTSE Shariah2.6% |
| VTR Ventas, Inc. | COMPLIANT | 3.56% | AAOIFI28.0% Usmani42.8% Dow Jones Islamic38.5% S&P Shariah45.5% MSCI Islamic42.8% MSCI Islamic M-Series45.5% FTSE Shariah42.8% |
| AVB AvalonBay Communities, Inc. | NON_COMPLIANT | 3.41% | AAOIFIfail Usmanifail Dow Jones Islamic— S&P Shariah— MSCI Islamicfail MSCI Islamic M-Series— FTSE Shariahfail |
| SPG Simon Property Group, Inc. | NON_COMPLIANT | 3.41% | AAOIFI42.4% Usmani72.3% Dow Jones Islamic57.5% S&P Shariah63.8% MSCI Islamic72.3% MSCI Islamic M-Series63.8% FTSE Shariah72.3% |
| IRM Iron Mountain, Inc. | NON_COMPLIANT | 2.99% | AAOIFI57.3% Usmani93.4% Dow Jones Islamic66.1% S&P Shariah73.7% MSCI Islamic90.9% MSCI Islamic M-Series73.7% FTSE Shariah79.0% |
| CPT Camden Property Trust | NON_COMPLIANT | 2.87% | AAOIFI49.3% Usmani51.3% Dow Jones Islamic43.8% S&P Shariah45.2% MSCI Islamic51.3% MSCI Islamic M-Series45.2% FTSE Shariah51.3% |
| AMH American Homes 4 Rent | NON_COMPLIANT | 2.71% | AAOIFI43.9% Usmani39.1% Dow Jones Islamic43.1% S&P Shariah43.1% MSCI Islamic39.1% MSCI Islamic M-Series43.1% FTSE Shariah39.1% |
| EXR Extra Space Storage, Inc. | NON_COMPLIANT | 2.41% | 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 | 2.39% | AAOIFI20.1% Usmani27.9% Dow Jones Islamic19.6% S&P Shariah22.3% MSCI Islamic27.2% MSCI Islamic M-Series22.3% FTSE Shariah19.0% |
| EGP EastGroup Properties, Inc. | COMPLIANT | 2.06% | AAOIFI15.0% Usmani29.2% Dow Jones Islamic17.6% S&P Shariah18.6% MSCI Islamic29.2% MSCI Islamic M-Series18.6% FTSE Shariah29.2% |
| ELS Equity LifeStyle Properties, Inc. | COMPLIANT | 2.05% | AAOIFI27.9% Usmani58.2% Dow Jones Islamic27.8% S&P Shariah28.2% MSCI Islamic58.2% MSCI Islamic M-Series28.2% FTSE Shariah58.2% |
| Brixmor Property Group, Inc. | UNSCREENED | 2.03% | no in-house ratios for this holding |
| NTST NETSTREIT Corp. | NON_COMPLIANT | 1.95% | AAOIFI68.1% Usmani46.0% Dow Jones Islamic94.2% S&P Shariah104.2% MSCI Islamic46.0% MSCI Islamic M-Series104.2% FTSE Shariah46.0% |
| Ryman Hospitality Properties, Inc. | UNSCREENED | 1.52% | no in-house ratios for this holding |
| DOC Healthpeak Properties, Inc. | NON_COMPLIANT | 1.51% | AAOIFI67.5% Usmani46.3% Dow Jones Islamic80.6% S&P Shariah86.7% MSCI Islamic46.3% MSCI Islamic M-Series86.7% FTSE Shariah46.3% |
| First Industrial Realty Trust, Inc. | UNSCREENED | 1.45% | no in-house ratios for this holding |
| SBRA Sabra Health Care REIT, Inc. | NON_COMPLIANT | 1.40% | AAOIFI49.4% Usmani47.6% Dow Jones Islamic61.2% S&P Shariah69.2% MSCI Islamic47.6% MSCI Islamic M-Series69.2% FTSE Shariah47.6% |
| REG Regency Centers Corp. | NON_COMPLIANT | 1.39% | 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 | 1.36% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| CUZ Cousins Properties, Inc. | NON_COMPLIANT | 1.34% | AAOIFI77.9% Usmani41.3% Dow Jones Islamic85.2% S&P Shariah94.4% MSCI Islamic41.3% MSCI Islamic M-Series94.4% FTSE Shariah41.3% |
| MAC Macerich Co. (The) | NON_COMPLIANT | 1.31% | AAOIFI73.6% Usmani56.9% Dow Jones Islamic104.4% S&P Shariah119.9% MSCI Islamic56.9% MSCI Islamic M-Series119.9% FTSE Shariah56.9% |
| Franklin Institutional U.S. Government Money Market Fund | UNSCREENED | 1.30% | no in-house ratios for this holding |
| EPRT Essential Properties Realty Trust, Inc. | NON_COMPLIANT | 1.27% | AAOIFI45.0% Usmani39.1% Dow Jones Islamic49.1% S&P Shariah55.6% MSCI Islamic39.1% MSCI Islamic M-Series55.6% FTSE Shariah39.1% |
| CCI Crown Castle, Inc. | NON_COMPLIANT | 1.24% | AAOIFI67.9% Usmani108.8% Dow Jones Islamic61.9% S&P Shariah60.7% MSCI Islamic108.8% MSCI Islamic M-Series60.7% FTSE Shariah84.8% |
| Broadstone Net Lease, Inc. | UNSCREENED | 1.19% | no in-house ratios for this holding |
| STAG STAG Industrial, Inc. | NON_COMPLIANT | 1.17% | AAOIFI44.2% Usmani44.6% Dow Jones Islamic48.2% S&P Shariah49.6% MSCI Islamic44.6% MSCI Islamic M-Series49.6% FTSE Shariah44.6% |
| Agree Realty Corp. | UNSCREENED | 1.15% | no in-house ratios for this holding |
| FRT Federal Realty Investment Trust | NON_COMPLIANT | 1.10% | AAOIFI48.5% Usmani54.6% Dow Jones Islamic56.8% S&P Shariah59.6% MSCI Islamic54.6% MSCI Islamic M-Series59.6% FTSE Shariah54.6% |
| WY Weyerhaeuser Co. | NON_COMPLIANT | 0.99% | AAOIFI31.3% Usmani32.1% Dow Jones Islamic28.8% S&P Shariah27.4% MSCI Islamic32.1% MSCI Islamic M-Series27.4% FTSE Shariah32.1% |
| IVT InvenTrust Properties Corp. | NON_COMPLIANT | 0.89% | AAOIFI43.0% Usmani36.1% Dow Jones Islamic48.9% S&P Shariah54.2% MSCI Islamic36.1% MSCI Islamic M-Series54.2% FTSE Shariah36.1% |
| JAN Janus Living, Inc. | COMPLIANT | 0.88% | AAOIFI0.0% Usmani0.0% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic0.0% MSCI Islamic M-Seriespass FTSE Shariah0.0% |
| IRT Independence Realty Trust, Inc. | NON_COMPLIANT | 0.83% | AAOIFI62.8% Usmani40.1% Dow Jones Islamic60.8% S&P Shariah64.8% MSCI Islamic40.1% MSCI Islamic M-Series64.8% FTSE Shariah40.1% |
| Highwoods Properties, Inc. | UNSCREENED | 0.74% | no in-house ratios for this holding |
| SMA Smartstop Self Storage REIT, Inc. | NON_COMPLIANT | 0.71% | AAOIFI58.1% Usmani46.1% Dow Jones Islamic— S&P Shariah— MSCI Islamic46.1% MSCI Islamic M-Series— FTSE Shariah46.1% |
| SL Green Realty Corp. | UNSCREENED | 0.64% | no in-house ratios for this holding |
| SBAC SBA Communications Corp. | NON_COMPLIANT | 0.60% | AAOIFI63.3% Usmani108.4% Dow Jones Islamic58.7% S&P Shariah58.5% MSCI Islamic108.4% MSCI Islamic M-Series58.5% FTSE Shariah108.4% |
| CTO CTO Realty Growth, Inc. | NON_COMPLIANT | 0.52% | AAOIFI80.6% Usmani50.0% Dow Jones Islamic115.6% S&P Shariah134.6% MSCI Islamic50.0% MSCI Islamic M-Series134.6% FTSE Shariah50.0% |
The published standards disagree about this fund by 35 points of portfolio weight — 38.4% of it passes AAOIFI, 3.4% 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 38.4% ratios fail on 38.9% 22.9% not rated under AAOIFI
ratios pass on 3.4% ratios fail on 58.9% 37.9% not rated under Usmani
ratios pass on 35.8% ratios fail on 37.4% 27.0% not rated under Dow Jones Islamic
ratios pass on 35.8% ratios fail on 37.4% 27.0% not rated under S&P Shariah
ratios pass on 16.0% ratios fail on 61.3% 22.9% not rated under MSCI Islamic
ratios pass on 35.8% ratios fail on 37.4% 27.0% not rated under MSCI Islamic M-Series
ratios pass on 18.4% ratios fail on 58.9% 22.9% not rated under FTSE Shariah
34 of 42 listed holdings carry our own per-methodology verdicts (90% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 33 (87% 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. | 6.55% |
| O Realty Income Corp. | 4.50% |
| AVB AvalonBay Communities, Inc. | 3.41% |
| SPG Simon Property Group, Inc. | 3.41% |
| IRM Iron Mountain, Inc. | 2.99% |
| CPT Camden Property Trust | 2.87% |
| AMH American Homes 4 Rent | 2.71% |
| EXR Extra Space Storage, Inc. | 2.41% |
| NTST NETSTREIT Corp. | 1.95% |
| DOC Healthpeak Properties, Inc. | 1.51% |
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Franklin Real Estate Securities Fund (FREEX) 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 |
|---|---|---|
| WELLWelltower, Inc. | 11.58% | Compliant |
| PLDPrologis, Inc. | 7.28% | Compliant |
| EQIXEquinix, Inc. | 7.20% | Compliant |
| AMTAmerican Tower Corp. | 6.55% | Non-compliant |
| DLRDigital Realty Trust, Inc. | 4.73% | Compliant |
| ORealty Income Corp. | 4.50% | Non-compliant |
| VTRVentas, Inc. | 3.56% | Compliant |
| AVBAvalonBay Communities, Inc. | 3.41% | Non-compliant |
| SPGSimon Property Group, Inc. | 3.41% | Non-compliant |
| IRMIron Mountain, Inc. | 2.99% | Non-compliant |
Top 10 of 42 holdings, 55.2% 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-compliant6.55%
- Onon-compliant4.50%
- AVBnon-compliant3.41%
- SPGnon-compliant3.41%
- IRMnon-compliant2.99%
- CPTnon-compliant2.87%
What changed, and when
Verdict history for FREEX. 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 FREEX 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 4 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.
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) | 52.10 | NEUTRAL |
| Stochastic %K (14) | 98.33 | SELL |
| CCI (20) | 120.44 | SELL |
| Williams %R (14) | -1.67 | SELL |
| MACD (12,26,9) | 0.07 | BUY |
| ROC (10) | 2.99 | BUY |
| Momentum (10) | 0.50 | BUY |
| EMA (10) | 17.05 | BUY |
| SMA (10) | 17.06 | BUY |
| EMA (20) | 17.07 | BUY |
| SMA (20) | 16.94 | BUY |
| EMA (30) | 17.15 | BUY |
| SMA (30) | 17.07 | BUY |
| EMA (50) | 17.32 | SELL |
| SMA (50) | 17.44 | SELL |
| EMA (100) | 17.44 | SELL |
| SMA (100) | 17.74 | SELL |
| EMA (200) | 17.08 | BUY |
| SMA (200) | 17.29 | SELL |
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.