Verdicts genuinely change. Free email alert the moment JRE'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.
Janus Henderson U.S. Real Estate ETF · Janus Detroit Street Trust
24 holdings
NON-COMPLIANT 34.66% of portfolio weight is in non-compliant holdings, over the 5% threshold.
24 holdings, 19 matched (91% of weight). Portfolio as of 2026-07-31, filed 2026-09-25. Source: SEC Form N-PORT.
0.86% of this portfolio’s income is non-permissible — weighted across holdings, computed over 84% of portfolio weight (18 of 24 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.
56.1% compliant 0.0% questionable 34.7% non-compliant 9.2% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| WELL Welltower, Inc. | COMPLIANT | 13.91% | 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 | 10.76% | 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 | 8.56% | AAOIFI20.7% Usmani57.3% Dow Jones Islamic24.8% S&P Shariah26.3% MSCI Islamic51.7% MSCI Islamic M-Series26.3% FTSE Shariah48.4% |
| SPG Simon Property Group, Inc. | NON_COMPLIANT | 7.19% | 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 | 6.54% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| PSA Public Storage | NON_COMPLIANT | 4.73% | 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 | 4.64% | AAOIFI28.0% Usmani42.8% Dow Jones Islamic38.5% S&P Shariah45.5% MSCI Islamic42.8% MSCI Islamic M-Series45.5% FTSE Shariah42.8% |
| JAN Janus Living, Inc. | COMPLIANT | 3.48% | AAOIFI0.0% Usmani0.0% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic0.0% MSCI Islamic M-Seriespass FTSE Shariah0.0% |
| OHI Omega Healthcare Investors, Inc. | NON_COMPLIANT | 3.29% | AAOIFI30.5% Usmani42.9% Dow Jones Islamic37.6% S&P Shariah43.5% MSCI Islamic42.9% MSCI Islamic M-Series43.5% FTSE Shariah42.9% |
| CURB Curbline Properties Corp. | NON_COMPLIANT | 3.17% | AAOIFI17.6% Usmani22.7% Dow Jones Islamic23.2% S&P Shariahfail MSCI Islamic22.7% MSCI Islamic M-Seriesfail FTSE Shariah22.7% |
| SKT Tanger, Inc. | NON_COMPLIANT | 3.11% | AAOIFI43.4% Usmani65.1% Dow Jones Islamic49.7% S&P Shariah55.2% MSCI Islamic65.1% MSCI Islamic M-Series55.2% FTSE Shariah65.1% |
| TRNO Terreno Realty Corp. | COMPLIANT | 3.09% | AAOIFI13.1% Usmani16.5% Dow Jones Islamic15.2% S&P Shariah16.2% MSCI Islamic16.5% MSCI Islamic M-Series16.2% FTSE Shariah16.5% |
| HLT Hilton Worldwide Holdings, Inc. | NON_COMPLIANT | 3.06% | AAOIFI20.0% Usmani82.8% Dow Jones Islamic21.8% S&P Shariah23.8% MSCI Islamic82.8% MSCI Islamic M-Series23.8% FTSE Shariah78.8% |
| Lamar Advertising Co. | UNSCREENED | 3.00% | no in-house ratios for this holding |
| MAA Mid-America Apartment Communities, Inc. | NON_COMPLIANT | 2.99% | 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 | 2.78% | AAOIFI20.1% Usmani27.9% Dow Jones Islamic19.6% S&P Shariah22.3% MSCI Islamic27.2% MSCI Islamic M-Series22.3% FTSE Shariah19.0% |
| Agree Realty Corp. | UNSCREENED | 2.78% | no in-house ratios for this holding |
| NTST NETSTREIT Corp. | NON_COMPLIANT | 2.72% | AAOIFI68.1% Usmani46.0% Dow Jones Islamic94.2% S&P Shariah104.2% MSCI Islamic46.0% MSCI Islamic M-Series104.2% FTSE Shariah46.0% |
| WH Wyndham Hotels & Resorts, Inc. | NON_COMPLIANT | 2.46% | AAOIFI47.4% Usmani61.7% Dow Jones Islamic42.2% S&P Shariah43.4% MSCI Islamic61.7% MSCI Islamic M-Series43.4% FTSE Shariah61.7% |
| ELS Equity LifeStyle Properties, Inc. | COMPLIANT | 2.39% | AAOIFI27.9% Usmani58.2% Dow Jones Islamic27.8% S&P Shariah28.2% MSCI Islamic58.2% MSCI Islamic M-Series28.2% FTSE Shariah58.2% |
| CUZ Cousins Properties, Inc. | NON_COMPLIANT | 1.94% | AAOIFI77.9% Usmani41.3% Dow Jones Islamic85.2% S&P Shariah94.4% MSCI Islamic41.3% MSCI Islamic M-Series94.4% FTSE Shariah41.3% |
| Csquare, Inc. | UNSCREENED | 1.41% | no in-house ratios for this holding |
| DR Horton, Inc. | UNSCREENED | 1.29% | no in-house ratios for this holding |
| Invesco Government & Agency Portfolio | UNSCREENED | 0.71% | no in-house ratios for this holding |
The published standards disagree about this fund by 55 points of portfolio weight — 57.4% of it passes AAOIFI, 2.8% 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 57.4% ratios fail on 23.9% 18.7% not rated under AAOIFI
ratios pass on 2.8% ratios fail on 61.5% 35.7% not rated under Usmani
ratios pass on 52.8% ratios fail on 28.5% 18.7% not rated under Dow Jones Islamic
ratios pass on 52.8% ratios fail on 28.5% 18.7% not rated under S&P Shariah
ratios pass on 17.0% ratios fail on 64.3% 18.7% not rated under MSCI Islamic
ratios pass on 52.8% ratios fail on 28.5% 18.7% not rated under MSCI Islamic M-Series
ratios pass on 19.8% ratios fail on 61.5% 18.7% not rated under FTSE Shariah
19 of 24 listed holdings carry our own per-methodology verdicts (91% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none.
| Non-compliant holding | Weight |
|---|---|
| SPG Simon Property Group, Inc. | 7.19% |
| PSA Public Storage | 4.73% |
| OHI Omega Healthcare Investors, Inc. | 3.29% |
| CURB Curbline Properties Corp. | 3.17% |
| SKT Tanger, Inc. | 3.11% |
| HLT Hilton Worldwide Holdings, Inc. | 3.06% |
| MAA Mid-America Apartment Communities, Inc. | 2.99% |
| NTST NETSTREIT Corp. | 2.72% |
| WH Wyndham Hotels & Resorts, Inc. | 2.46% |
| CUZ Cousins Properties, Inc. | 1.94% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Janus Henderson U.S. Real Estate ETF (JRE) 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. | 13.91% | Compliant |
| PLDPrologis, Inc. | 10.76% | Compliant |
| EQIXEquinix, Inc. | 8.56% | Compliant |
| SPGSimon Property Group, Inc. | 7.19% | Non-compliant |
| DLRDigital Realty Trust, Inc. | 6.54% | Compliant |
| PSAPublic Storage | 4.73% | Non-compliant |
| VTRVentas, Inc. | 4.64% | Compliant |
| JANJanus Living, Inc. | 3.48% | Compliant |
| OHIOmega Healthcare Investors, Inc. | 3.29% | Non-compliant |
| CURBCurbline Properties Corp. | 3.17% | Non-compliant |
Top 10 of 24 holdings, 66.3% 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 JRE. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
Tracked since 2026-09-07.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
Not enough completed daily bars to compute pivots.
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.