Verdicts genuinely change. Free email alert the moment KIFAX'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.
WESTWOOD REAL ESTATE INCOME FUND · Ultimus Managers Trust
42 holdings
NON-COMPLIANT 67.39% of portfolio weight is in non-compliant holdings, over the 5% threshold.
42 holdings, 30 matched (72% of weight). Portfolio as of 2026-07-31, filed 2026-09-28. Source: SEC Form N-PORT.
2.06% of this portfolio’s income is non-permissible — weighted across holdings, computed over 70% of portfolio weight (29 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.
5.0% compliant 0.0% questionable 67.4% non-compliant 27.6% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| HOV HOVNANIAN ENTERPRISES INC | NON_COMPLIANT | 4.41% | AAOIFI127.8% Usmani31.5% Dow Jones Islamic971.4% S&P Shariah940.0% MSCI Islamic31.5% MSCI Islamic M-Series940.0% FTSE Shariah31.5% |
| KKR REAL ESTATE FINANCE TRUST INC | UNSCREENED | 4.17% | no in-house ratios for this holding |
| RLJ RLJ LODGING TRUST | NON_COMPLIANT | 4.10% | AAOIFI161.0% Usmani51.5% Dow Jones Islamic218.3% S&P Shariah209.0% MSCI Islamic51.5% MSCI Islamic M-Series209.0% FTSE Shariah51.5% |
| CTO CTO REALTY GROWTH INC | NON_COMPLIANT | 4.10% | AAOIFI80.6% Usmani50.0% Dow Jones Islamic115.6% S&P Shariah134.6% MSCI Islamic50.0% MSCI Islamic M-Series134.6% FTSE Shariah50.0% |
| LXP LXP INDUSTRIAL TRUST | NON_COMPLIANT | 3.99% | AAOIFI38.0% Usmani39.4% Dow Jones Islamic51.3% S&P Shariah53.6% MSCI Islamic39.4% MSCI Islamic M-Series53.6% FTSE Shariah39.4% |
| PEB PEBBLEBROOK HOTEL TRUST | NON_COMPLIANT | 3.81% | AAOIFI102.3% Usmani39.4% Dow Jones Islamic141.2% S&P Shariah134.2% MSCI Islamic39.4% MSCI Islamic M-Series134.2% FTSE Shariah39.4% |
| PSA PUBLIC STORAGE | NON_COMPLIANT | 3.62% | AAOIFI18.1% Usmani50.6% Dow Jones Islamic19.9% S&P Shariah20.7% MSCI Islamic50.6% MSCI Islamic M-Series20.7% FTSE Shariah50.6% |
| PSA PUBLIC STORAGE | NON_COMPLIANT | 3.51% | AAOIFI18.1% Usmani50.6% Dow Jones Islamic19.9% S&P Shariah20.7% MSCI Islamic50.6% MSCI Islamic M-Series20.7% FTSE Shariah50.6% |
| BFS SAUL CENTERS INC | NON_COMPLIANT | 3.46% | AAOIFI199.6% Usmani74.3% Dow Jones Islamic202.8% S&P Shariah205.7% MSCI Islamic74.3% MSCI Islamic M-Series205.7% FTSE Shariah74.3% |
| CHIRON REAL ESTATE INC | UNSCREENED | 3.31% | no in-house ratios for this holding |
| WPC W.P. CAREY INC | NON_COMPLIANT | 3.18% | AAOIFI52.5% Usmani47.5% Dow Jones Islamic64.6% S&P Shariah69.0% MSCI Islamic47.5% MSCI Islamic M-Series69.0% FTSE Shariah47.5% |
| AHRT AH REALTY TRUST INC | NON_COMPLIANT | 3.13% | AAOIFI150.8% Usmani49.6% Dow Jones Islamic173.5% S&P Shariah166.6% MSCI Islamic49.6% MSCI Islamic M-Series166.6% FTSE Shariah49.6% |
| HUDSON PACIFIC PROPERTIES INC | UNSCREENED | 3.08% | no in-house ratios for this holding |
| AMH AMERICAN HOMES 4 RENT | NON_COMPLIANT | 2.58% | AAOIFI43.9% Usmani39.1% Dow Jones Islamic43.1% S&P Shariah43.1% MSCI Islamic39.1% MSCI Islamic M-Series43.1% FTSE Shariah39.1% |
| EPR EPR PROPERTIES | NON_COMPLIANT | 2.54% | AAOIFI71.8% Usmani54.4% Dow Jones Islamic86.7% S&P Shariah95.5% MSCI Islamic54.4% MSCI Islamic M-Series95.5% FTSE Shariah54.4% |
| WELL WELLTOWER INC | COMPLIANT | 2.54% | AAOIFI10.6% Usmani26.7% Dow Jones Islamic15.6% S&P Shariah19.1% MSCI Islamic26.7% MSCI Islamic M-Series19.1% FTSE Shariah26.7% |
| CCI CROWN CASTLE INC | NON_COMPLIANT | 2.48% | AAOIFI67.9% Usmani108.8% Dow Jones Islamic61.9% S&P Shariah60.7% MSCI Islamic108.8% MSCI Islamic M-Series60.7% FTSE Shariah84.8% |
| COPT DEFENSE PROPERTIES | UNSCREENED | 2.46% | no in-house ratios for this holding |
| DLR DIGITAL REALTY TRUST INC | COMPLIANT | 2.45% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| CENTERSPACE REAL ESTATE INVESTMENT TRUST | UNSCREENED | 2.37% | no in-house ratios for this holding |
| BLACKSTONE MORTGAGE TRUST INC | UNSCREENED | 2.36% | no in-house ratios for this holding |
| INN SUMMIT HOTEL PROPERTIES INC | NON_COMPLIANT | 2.26% | AAOIFI196.2% Usmani50.3% Dow Jones Islamic240.9% S&P Shariah239.5% MSCI Islamic50.3% MSCI Islamic M-Series239.5% FTSE Shariah50.3% |
| PEB PEBBLEBROOK HOTEL TRUST | NON_COMPLIANT | 2.19% | AAOIFI102.3% Usmani39.4% Dow Jones Islamic141.2% S&P Shariah134.2% MSCI Islamic39.4% MSCI Islamic M-Series134.2% FTSE Shariah39.4% |
| PINE ALPINE INCOME PROPERTY TRUST INC | NON_COMPLIANT | 2.18% | AAOIFI106.2% Usmani47.0% Dow Jones Islamic151.0% S&P Shariah163.6% MSCI Islamic47.0% MSCI Islamic M-Series163.6% FTSE Shariah47.0% |
| MERCHANTS BANCORP (INDIANA) | UNSCREENED | 2.12% | no in-house ratios for this holding |
| PEB PEBBLEBROOK HOTEL TRUST | NON_COMPLIANT | 2.12% | AAOIFI102.3% Usmani39.4% Dow Jones Islamic141.2% S&P Shariah134.2% MSCI Islamic39.4% MSCI Islamic M-Series134.2% FTSE Shariah39.4% |
| O REALTY INCOME CORP | NON_COMPLIANT | 2.07% | AAOIFI3.9% Usmani2.6% Dow Jones Islamic4.0% S&P Shariah4.3% MSCI Islamic2.6% MSCI Islamic M-Series4.3% FTSE Shariah2.6% |
| N/A | UNSCREENED | 2.05% | no in-house ratios for this holding |
| N/A | UNSCREENED | 1.95% | no in-house ratios for this holding |
| CURB CURBLINE PROPERTIES CORP | NON_COMPLIANT | 1.86% | AAOIFI17.6% Usmani22.7% Dow Jones Islamic23.2% S&P Shariahfail MSCI Islamic22.7% MSCI Islamic M-Seriesfail FTSE Shariah22.7% |
| CHIRON REAL ESTATE INC | UNSCREENED | 1.78% | no in-house ratios for this holding |
| SHO SUNSTONE HOTEL INVESTORS INC | NON_COMPLIANT | 1.59% | AAOIFI48.5% Usmani32.3% Dow Jones Islamic52.6% S&P Shariah52.1% MSCI Islamic32.3% MSCI Islamic M-Series52.1% FTSE Shariah32.3% |
| CLDT CHATHAM LODGING TRUST | NON_COMPLIANT | 1.50% | AAOIFI68.2% Usmani33.6% Dow Jones Islamic105.8% S&P Shariah103.2% MSCI Islamic33.6% MSCI Islamic M-Series103.2% FTSE Shariah33.6% |
| FIRST AMERICAN FUNDS INC | UNSCREENED | 1.22% | no in-house ratios for this holding |
| INN SUMMIT HOTEL PROPERTIES INC | NON_COMPLIANT | 1.21% | AAOIFI196.2% Usmani50.3% Dow Jones Islamic240.9% S&P Shariah239.5% MSCI Islamic50.3% MSCI Islamic M-Series239.5% FTSE Shariah50.3% |
| REG REGENCY CENTERS CORP | NON_COMPLIANT | 1.21% | AAOIFI36.3% Usmani38.4% Dow Jones Islamic38.6% S&P Shariah41.4% MSCI Islamic38.4% MSCI Islamic M-Series41.4% FTSE Shariah38.4% |
| BFS SAUL CENTERS INC | NON_COMPLIANT | 1.17% | AAOIFI199.6% Usmani74.3% Dow Jones Islamic202.8% S&P Shariah205.7% MSCI Islamic74.3% MSCI Islamic M-Series205.7% FTSE Shariah74.3% |
| EPR EPR PROPERTIES | NON_COMPLIANT | 0.98% | AAOIFI71.8% Usmani54.4% Dow Jones Islamic86.7% S&P Shariah95.5% MSCI Islamic54.4% MSCI Islamic M-Series95.5% FTSE Shariah54.4% |
| BANC BANC OF CALIFORNIA INC | NON_COMPLIANT | 0.95% | AAOIFI224.2% Usmani19.2% Dow Jones Islamic267.0% S&P Shariah317.7% MSCI Islamic19.2% MSCI Islamic M-Series317.7% FTSE Shariah19.2% |
| PEB PEBBLEBROOK HOTEL TRUST | NON_COMPLIANT | 0.85% | AAOIFI102.3% Usmani39.4% Dow Jones Islamic141.2% S&P Shariah134.2% MSCI Islamic39.4% MSCI Islamic M-Series134.2% FTSE Shariah39.4% |
| UMH PROPERTIES INC | UNSCREENED | 0.71% | no in-house ratios for this holding |
| PSA PUBLIC STORAGE | NON_COMPLIANT | 0.33% | AAOIFI18.1% Usmani50.6% Dow Jones Islamic19.9% S&P Shariah20.7% MSCI Islamic50.6% MSCI Islamic M-Series20.7% FTSE Shariah50.6% |
The published standards disagree about this fund by 10 points of portfolio weight — 10.0% of it passes AAOIFI, 0.0% 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 10.0% ratios fail on 55.4% 34.6% not rated under AAOIFI
ratios pass on 0.0% ratios fail on 56.8% 43.1% not rated under Usmani
ratios pass on 10.0% ratios fail on 55.4% 34.6% not rated under Dow Jones Islamic
ratios pass on 10.0% ratios fail on 55.4% 34.6% not rated under S&P Shariah
ratios pass on 4.1% ratios fail on 56.8% 39.0% not rated under MSCI Islamic
ratios pass on 10.0% ratios fail on 55.4% 34.6% not rated under MSCI Islamic M-Series
ratios pass on 4.1% ratios fail on 56.8% 39.0% not rated under FTSE Shariah
22 of 42 listed holdings carry our own per-methodology verdicts (72% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none.
| Non-compliant holding | Weight |
|---|---|
| HOV HOVNANIAN ENTERPRISES INC | 4.41% |
| RLJ RLJ LODGING TRUST | 4.10% |
| CTO CTO REALTY GROWTH INC | 4.10% |
| LXP LXP INDUSTRIAL TRUST | 3.99% |
| PEB PEBBLEBROOK HOTEL TRUST | 3.81% |
| PSA PUBLIC STORAGE | 3.62% |
| PSA PUBLIC STORAGE | 3.51% |
| BFS SAUL CENTERS INC | 3.46% |
| WPC W.P. CAREY INC | 3.18% |
| AHRT AH REALTY TRUST INC | 3.13% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
WESTWOOD REAL ESTATE INCOME FUND (KIFAX) 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 |
|---|---|---|
| HOVHOVNANIAN ENTERPRISES INC | 4.41% | Non-compliant |
| KKR REAL ESTATE FINANCE TRUST INCnot matched to a ticker | 4.17% | Not screened |
| RLJRLJ LODGING TRUST | 4.10% | Non-compliant |
| CTOCTO REALTY GROWTH INC | 4.10% | Non-compliant |
| LXPLXP INDUSTRIAL TRUST | 3.99% | Non-compliant |
| PEBPEBBLEBROOK HOTEL TRUST | 3.81% | Non-compliant |
| PSAPUBLIC STORAGE | 3.62% | Non-compliant |
| PSAPUBLIC STORAGE | 3.51% | Non-compliant |
| BFSSAUL CENTERS INC | 3.46% | Non-compliant |
| CHIRON REAL ESTATE INCnot matched to a ticker | 3.31% | Not screened |
Top 10 of 42 holdings, 38.5% 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 KIFAX. 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
This fund prices once a day, so its bars carry no intraday high or low — floor-trader pivots are not defined for it.
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.
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.
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 30.80 | NEUTRAL |
| Stochastic %K (14) | 0.00 | BUY |
| CCI (20) | -146.10 | BUY |
| Williams %R (14) | -100.00 | BUY |
| MACD (12,26,9) | 0.00 | BUY |
| ROC (10) | -1.33 | SELL |
| Momentum (10) | -0.22 | SELL |
| EMA (10) | 16.43 | SELL |
| SMA (10) | 16.44 | SELL |
| EMA (20) | 16.52 | SELL |
| SMA (20) | 16.50 | SELL |
| EMA (30) | 16.61 | SELL |
| SMA (30) | 16.61 | SELL |
| EMA (50) | 16.73 | SELL |
| SMA (50) | 16.82 | SELL |
| EMA (100) | 16.84 | SELL |
| SMA (100) | 16.98 | SELL |
| EMA (200) | 16.78 | SELL |
| SMA (200) | 16.85 | SELL |
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.