Verdicts genuinely change. Free email alert the moment KCRVX'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.
Knights of Columbus Real Estate Fund · ADVISORS' INNER CIRCLE III
56 holdings
NON-COMPLIANT 50.08% of portfolio weight is in non-compliant holdings, over the 5% threshold.
56 holdings, 41 matched (86% of weight). Portfolio as of 2026-07-31, filed 2026-09-29. Source: SEC Form N-PORT.
0.75% of this portfolio’s income is non-permissible — weighted across holdings, computed over 71% of portfolio weight (34 of 56 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.
36.4% compliant 0.0% questionable 50.1% non-compliant 13.5% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| WELL WELLTOWER INC. | COMPLIANT | 11.54% | 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 | 9.43% | 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 | 7.24% | 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 | 5.21% | AAOIFI42.4% Usmani72.3% Dow Jones Islamic57.5% S&P Shariah63.8% MSCI Islamic72.3% MSCI Islamic M-Series63.8% FTSE Shariah72.3% |
| AMT AMERICAN TOWER CORPORATION | NON_COMPLIANT | 5.00% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| O REALTY INCOME CORPORATION | NON_COMPLIANT | 4.30% | AAOIFI3.5% Usmani2.6% Dow Jones Islamic4.0% S&P Shariah4.3% MSCI Islamic2.6% MSCI Islamic M-Series4.3% FTSE Shariah2.6% |
| DLR DIGITAL REALTY TRUST, INC. | COMPLIANT | 4.15% | 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 | 3.99% | AAOIFI18.1% Usmani50.6% Dow Jones Islamic19.9% S&P Shariah20.7% MSCI Islamic50.6% MSCI Islamic M-Series20.7% FTSE Shariah50.6% |
| IRM IRON MOUNTAIN INCORPORATED | NON_COMPLIANT | 2.25% | AAOIFI57.3% Usmani93.4% Dow Jones Islamic66.1% S&P Shariah73.7% MSCI Islamic90.9% MSCI Islamic M-Series73.7% FTSE Shariah79.0% |
| CCI CROWN CASTLE INC. | NON_COMPLIANT | 2.16% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| EXR EXTRA SPACE STORAGE INC. | NON_COMPLIANT | 1.99% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| HST HOST HOTELS & RESORTS, INC. | NON_COMPLIANT | 1.94% | AAOIFI8.4% Usmani9.6% Dow Jones Islamic10.8% S&P Shariah11.0% MSCI Islamic9.6% MSCI Islamic M-Series11.0% FTSE Shariah9.6% |
| WPC W.P. CAREY INC. | NON_COMPLIANT | 1.63% | AAOIFI52.5% Usmani47.5% Dow Jones Islamic64.6% S&P Shariah69.0% MSCI Islamic47.5% MSCI Islamic M-Series69.0% FTSE Shariah47.5% |
| REG REGENCY CENTERS CORPORATION | NON_COMPLIANT | 1.61% | AAOIFI36.3% Usmani38.4% Dow Jones Islamic38.6% S&P Shariah41.4% MSCI Islamic38.4% MSCI Islamic M-Series41.4% FTSE Shariah38.4% |
| AVB AVALONBAY COMMUNITIES, INC. | NON_COMPLIANT | 1.59% | AAOIFIfail Usmanifail Dow Jones Islamic— S&P Shariah— MSCI Islamicfail MSCI Islamic M-Series— FTSE Shariahfail |
| INVH INVITATION HOMES INC. | NON_COMPLIANT | 1.55% | AAOIFI52.4% Usmani46.2% Dow Jones Islamic47.8% S&P Shariah46.8% MSCI Islamic46.2% MSCI Islamic M-Series46.8% FTSE Shariah46.2% |
| KIM KIMCO REALTY CORPORATION. | NON_COMPLIANT | 1.50% | AAOIFI51.8% Usmani38.5% Dow Jones Islamic53.4% S&P Shariah57.2% MSCI Islamic38.5% MSCI Islamic M-Series57.2% FTSE Shariah38.5% |
| EQUITY RESIDENTIAL | UNSCREENED | 1.47% | no in-house ratios for this holding |
| OHI OMEGA HEALTHCARE INVESTORS, INC. | NON_COMPLIANT | 1.46% | AAOIFI30.5% Usmani42.9% Dow Jones Islamic37.6% S&P Shariah43.5% MSCI Islamic42.9% MSCI Islamic M-Series43.5% FTSE Shariah42.9% |
| SBAC SBA COMMUNICATIONS CORPORATION | NON_COMPLIANT | 1.44% | AAOIFI63.3% Usmani108.4% Dow Jones Islamic58.7% S&P Shariah58.5% MSCI Islamic108.4% MSCI Islamic M-Series58.5% FTSE Shariah108.4% |
| AHR AMERICAN HEALTHCARE REIT, INC. | COMPLIANT | 1.34% | AAOIFI14.3% Usmani33.6% Dow Jones Islamic22.1% S&P Shariah25.8% MSCI Islamic31.1% MSCI Islamic M-Series25.8% FTSE Shariah31.1% |
| FIRST INDUSTRIAL REALTY TRUST, INC. | UNSCREENED | 1.32% | no in-house ratios for this holding |
| AMERICOLD REALTY TRUST, INC. | UNSCREENED | 1.30% | no in-house ratios for this holding |
| EGP EASTGROUP PROPERTIES, INC. | COMPLIANT | 1.28% | AAOIFI15.0% Usmani29.2% Dow Jones Islamic17.6% S&P Shariah18.6% MSCI Islamic29.2% MSCI Islamic M-Series18.6% FTSE Shariah29.2% |
| CTRE CARETRUST REIT, INC. | NON_COMPLIANT | 1.19% | AAOIFI14.0% Usmani20.3% Dow Jones Islamic17.7% S&P Shariah21.9% MSCI Islamic20.3% MSCI Islamic M-Series21.9% FTSE Shariah20.3% |
| LAMAR ADVERTISING COMPANY | UNSCREENED | 1.18% | no in-house ratios for this holding |
| SUI SUN COMMUNITIES, INC. | COMPLIANT | 1.14% | AAOIFI50.8% Usmani59.8% Dow Jones Islamic48.7% S&P Shariah50.2% MSCI Islamic59.8% MSCI Islamic M-Series50.2% FTSE Shariah59.8% |
| ESS ESSEX PROPERTY TRUST, INC. | NON_COMPLIANT | 1.11% | AAOIFI35.7% Usmani49.5% Dow Jones Islamic37.2% S&P Shariah39.3% MSCI Islamic49.5% MSCI Islamic M-Series39.3% FTSE Shariah49.5% |
| UDR UDR, INC. | NON_COMPLIANT | 1.08% | AAOIFI41.8% Usmani54.8% Dow Jones Islamic45.2% S&P Shariah46.9% MSCI Islamic54.8% MSCI Islamic M-Series46.9% FTSE Shariah54.8% |
| CPT CAMDEN PROPERTY TRUST | NON_COMPLIANT | 1.06% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| N/A | UNSCREENED | 1.00% | no in-house ratios for this holding |
| AGREE REALTY CORPORATION | UNSCREENED | 0.96% | no in-house ratios for this holding |
| BRIXMOR PROPERTY GROUP INC. | UNSCREENED | 0.94% | no in-house ratios for this holding |
| BROADSTONE NET LEASE, INC. | UNSCREENED | 0.94% | no in-house ratios for this holding |
| MAA MID-AMERICA APARTMENT COMMUNITIES, INC. | 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% |
| AMH AMERICAN HOMES 4 RENT | NON_COMPLIANT | 0.84% | AAOIFI43.9% Usmani39.1% Dow Jones Islamic43.1% S&P Shariah43.1% MSCI Islamic39.1% MSCI Islamic M-Series43.1% FTSE Shariah39.1% |
| NNN REIT, INC. | UNSCREENED | 0.81% | no in-house ratios for this holding |
| KILROY REALTY CORPORATION | UNSCREENED | 0.77% | no in-house ratios for this holding |
| FRT FEDERAL REALTY INVESTMENT TRUST | NON_COMPLIANT | 0.73% | AAOIFI48.5% Usmani54.6% Dow Jones Islamic56.8% S&P Shariah59.6% MSCI Islamic54.6% MSCI Islamic M-Series59.6% FTSE Shariah54.6% |
| MRP MILLROSE PROPERTIES, INC. | NON_COMPLIANT | 0.72% | AAOIFI50.2% Usmani25.5% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic25.5% MSCI Islamic M-Seriesfail FTSE Shariah25.5% |
| WY WEYERHAEUSER COMPANY | NON_COMPLIANT | 0.69% | AAOIFI31.3% Usmani32.1% Dow Jones Islamic28.8% S&P Shariah27.4% MSCI Islamic32.1% MSCI Islamic M-Series27.4% FTSE Shariah32.1% |
| OUT OUTFRONT MEDIA INC. | NON_COMPLIANT | 0.65% | AAOIFI81.0% Usmani78.4% Dow Jones Islamic116.5% S&P Shariah138.2% MSCI Islamic78.4% MSCI Islamic M-Series138.2% FTSE Shariah48.0% |
| RYMAN HOSPITALITY PROPERTIES, INC. | UNSCREENED | 0.65% | no in-house ratios for this holding |
| HUDSON PACIFIC PROPERTIES, INC. | UNSCREENED | 0.60% | no in-house ratios for this holding |
| HIGHWOODS PROPERTIES, INC. | UNSCREENED | 0.60% | no in-house ratios for this holding |
| SKT Tanger Inc. | NON_COMPLIANT | 0.56% | AAOIFI43.4% Usmani65.1% Dow Jones Islamic49.7% S&P Shariah55.2% MSCI Islamic65.1% MSCI Islamic M-Series55.2% FTSE Shariah65.1% |
| COPT DEFENSE PROPERTIES | UNSCREENED | 0.52% | no in-house ratios for this holding |
| CUBE CUBESMART | NON_COMPLIANT | 0.51% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| CBL & ASSOCIATES PROPERTIES, INC. | UNSCREENED | 0.48% | no in-house ratios for this holding |
| XHR XENIA HOTELS & RESORTS, INC. | NON_COMPLIANT | 0.47% | AAOIFI73.4% Usmani50.0% Dow Jones Islamic98.2% S&P Shariah100.8% MSCI Islamic50.0% MSCI Islamic M-Series100.8% FTSE Shariah50.0% |
| VNO VORNADO REALTY TRUST | NON_COMPLIANT | 0.42% | AAOIFI35.1% Usmani16.7% Dow Jones Islamic37.5% S&P Shariah41.9% MSCI Islamic16.7% MSCI Islamic M-Series41.9% FTSE Shariah16.7% |
| BXP BXP, INC. | NON_COMPLIANT | 0.41% | AAOIFI8.5% Usmani3.9% Dow Jones Islamic9.4% S&P Shariah9.9% MSCI Islamic3.9% MSCI Islamic M-Series9.9% FTSE Shariah3.9% |
| STAG STAG INDUSTRIAL, INC. | NON_COMPLIANT | 0.40% | AAOIFI44.2% Usmani44.6% Dow Jones Islamic48.2% S&P Shariah49.6% MSCI Islamic44.6% MSCI Islamic M-Series49.6% FTSE Shariah44.6% |
| RYN RAYONIER INC. | NON_COMPLIANT | 0.35% | AAOIFI34.1% Usmani27.1% Dow Jones Islamic48.4% S&P Shariah51.1% MSCI Islamic26.9% MSCI Islamic M-Series51.1% FTSE Shariah26.6% |
| REXR REXFORD INDUSTRIAL REALTY, INC. | NON_COMPLIANT | 0.34% | AAOIFI39.8% Usmani28.1% Dow Jones Islamic38.3% S&P Shariah36.9% MSCI Islamic28.1% MSCI Islamic M-Series36.9% FTSE Shariah28.1% |
| ELS EQUITY LIFESTYLE PROPERTIES, INC. | COMPLIANT | 0.27% | AAOIFI27.9% Usmani58.2% Dow Jones Islamic27.8% S&P Shariah28.2% MSCI Islamic58.2% MSCI Islamic M-Series28.2% FTSE Shariah58.2% |
The published standards disagree about this fund by 37 points of portfolio weight — 38.1% of it passes Dow Jones Islamic, 0.7% 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 37.4% ratios fail on 26.6% 36.0% not rated under AAOIFI
ratios pass on 0.7% ratios fail on 46.7% 52.6% not rated under Usmani
ratios pass on 38.1% ratios fail on 24.3% 37.6% not rated under Dow Jones Islamic
ratios pass on 38.1% ratios fail on 24.3% 37.6% not rated under S&P Shariah
ratios pass on 18.2% ratios fail on 45.3% 36.5% not rated under MSCI Islamic
ratios pass on 38.1% ratios fail on 24.3% 37.6% not rated under MSCI Islamic M-Series
ratios pass on 18.2% ratios fail on 45.3% 36.5% not rated under FTSE Shariah
41 of 56 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. Of those, 37 (77% 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. | 5.21% |
| AMT AMERICAN TOWER CORPORATION | 5.00% |
| O REALTY INCOME CORPORATION | 4.30% |
| PSA PUBLIC STORAGE. | 3.99% |
| IRM IRON MOUNTAIN INCORPORATED | 2.25% |
| CCI CROWN CASTLE INC. | 2.16% |
| EXR EXTRA SPACE STORAGE INC. | 1.99% |
| HST HOST HOTELS & RESORTS, INC. | 1.94% |
| WPC W.P. CAREY INC. | 1.63% |
| REG REGENCY CENTERS CORPORATION | 1.61% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Knights of Columbus Real Estate Fund (KCRVX) 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. | 11.54% | Compliant |
| PLDPROLOGIS, INC. | 9.43% | Compliant |
| EQIXEQUINIX, INC. | 7.24% | Compliant |
| SPGSIMON PROPERTY GROUP, INC. | 5.21% | Non-compliant |
| AMTAMERICAN TOWER CORPORATION | 5.00% | Non-compliant |
| OREALTY INCOME CORPORATION | 4.30% | Non-compliant |
| DLRDIGITAL REALTY TRUST, INC. | 4.15% | Compliant |
| PSAPUBLIC STORAGE. | 3.99% | Non-compliant |
| IRMIRON MOUNTAIN INCORPORATED | 2.25% | Non-compliant |
| CCICROWN CASTLE INC. | 2.16% | Non-compliant |
Top 10 of 56 holdings, 55.3% 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 KCRVX. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
Tracked since 2026-09-07.
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.