SPRE

The SP Funds S&P Global REIT Sharia ETF

Why SPRE ETF?

  • SP Funds S&P Global REIT Sharia ETF (SPRE) provides value exposure to real estate asset class through Sharia-compliant REITs which meets screening requirements, including Sharia-compliant business activities, lower debt levels, permissible income below acceptable levels and prescribed level of cash and marketable securities. 
  • Tracks the S&P Global Shariah All REIT Capped Index which includes all Sharia-compliant constituents of the S&P Global REIT
  • SP Funds approach is geared towards investors and advisors focused on faith-based, socially responsible and ethical investing solutions
  • Offers a strong potential for income and price returns, capital preservation and inflation hedging.

 

“The SP Funds S&P Global REIT Sharia ETF has joined our family of ETFs which are designed not only for investors who might be looking for halal exposure, but for any investor who is seeking value-focused portfolio as well as those who are seeking to avoid over-levered enterprises,” Naushad Virji, CEO of SP Funds.

Fund Details

Inception Date12/29/2020
TickerSPRE
Primary ExchangeNYSE
CUSIP886364769
IOPV SymbolSPRE.IV
NAV SymbolSPRE.NV
Expense Ratio0.69%
30 Day SEC Yield *1.80%
* As of 5/31/21

Fund Details & Pricing

Net Assets as of 06/15/2021$15.42m
NAV$23.73
Shares Outstanding650,000
Premium/Discount Percentage0.07%
Closing Price$23.75
Median 30 Day Spread0.73%

Data as of 06/15/2021

IOPV, or Indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund’s NAV every fifteen seconds throughout the trading day.

The 30-Day SEC yield is calculated with a standardized formula mandated by the SEC. The formula is based on maximum offering price per share and does not reflect waivers in effect.

30 Day Median Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.

 

Performance

AVG. ANNUALIZEDReturns as of 5/31/2021
1 Month3 Month6 Month1 Year3 YearSince Incepection
Market Price1.07%15.09%---15.46%
Fund NAV1.42%15.51%---15.39%
Index1.53%15.72%---15.68%
RETURNS
QTD Returns as of 03/31/2021YTD Returns as of 5/31/2021Inception to 5/31/2021
Market Price(%)4.42%13.89%15.46%
NAV Return (%)4.19%13.97%15.39%
Index4.32%14.26%15.68%

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained by calling (425) 409-9500.

Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Returns beyond 1 year are annualized.

A fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The market price is the most recent price at which the fund was traded.

 

 

Distribution Detail

EX-DateRecord DatePayable DateAmount
1/26/20211/27/20211/29/20210.06700
2/23/20212/24/20212/26/20210.06700
3/26/20213/29/20213/31/20210.06700
4/27/20214/28/20214/30/20210.06700
5/25/20215/26/20215/28/20210.06700
6/25/20216/28/20216/30/2021NA
7/27/20217/28/20217/30/2021NA
8/26/20218/27/20218/31/2021NA
9/27/20219/28/20219/30/2021NA
10/26/202110/27/202110/29/2021NA
12/1/202112/2/202112/6/2021NA
12/28/202112/29/202112/31/2021NA

Top 10 Holdings

Percentage Of Net AssetsNameIdentifier CUSIP Shares HeldMarket Value
12.59EQUINIX INCEQIX29444U7002401.001942409.00
12.28AMERICAN TOWER CORPAMT03027X1007000.001893290.00
12.04PROLOGIS INC.PLD74340W10315077.001856581.78
11.18PUBLIC STORAGEPSA74460D1095882.001724543.58
4.93EQUITY RESIDENTIALEQR29476L1079546.00760911.66
4.93DUKE REALTY CORPDRE26441150515548.00760297.20
4.86SEGRO PLCSGRO LNB5ZN1N848483.00750279.29
4.82AVALONBAY CMNTYS INCAVB0534841013521.00742825.37
4.76EQUITY LIFESTYLE PPTYS INCELS29472R1089742.00733572.60
4.63LINK REAL ESTATE I823 HKB0PB4M772870.00714420.97

Data as of 06/16/2021. Holdings are subject to change.

As with all ETFs, Fund shares may be bought and sold in the secondary market at market prices. The market price normally should approximate the Fund’s net asset value per share (NAV), but the market price sometimes may be higher or lower than the NAV. The Fund is new with a limited operating history.

A real estate investment trust (REIT) is a security of a company that invests in real estate, either through real estate property, mortgages and similar real estate investments, or all of the foregoing. The Fund is expected to be concentrated in REITs. Through its investments in REITs, the Fund is subject to the risks of investing in the real estate market, including decreases in property revenues, increases in interest rates, increases in property taxes and operating expenses, legal and regulatory changes, a lack of credit or capital, defaults by borrowers or tenants, environmental problems and natural disasters.

Islamic religious law commonly known as Sharia has certain restrictions regarding finance and commercial activities permitted for Muslims, including interest restrictions and prohibited industries, which reduces the size of the overall universe in which the Fund can invest. The strategy to reduce the investable universe may limit investment opportunities and adversely affect the Fund’s performance, especially in comparison to a more diversified fund.

It is not possible to invest directly in an index. Investments in emerging markets may be more volatile and less liquid than more developed markets and therefore may involve greater risks.


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SP Funds is committed to protecting your privacy. We use your registration information to customize and deliver additional resources via email and mail, including company news and new blog posts. If you don’t want to receive mail or email from us, simply uncheck the boxes at the bottom of this form. To learn more about how we handle your personal information, read our Privacy Policy.

Contact Information

(425) 409-9500

info@sp-funds.com

1331 S. International Pkwy Suite #2291
Lake Mary, FL 32746, USA