SPUS

The SP Funds S&P 500 Sharia Industry Exclusions ETF

Why SPUS ETF?

  • Gain value-conscious exposure to an ETF composed according to AAOIFI Sharia-compliant guidelines.
  • Tracks the performance of around 200 Sharia-compliant stocks from the S&P 500 Index
  • Provides exposure to companies with low leverage and debt to market cap ratios below 30%. These resilient companies may be better positioned to weather economic downturns.
  • Offers the potential to outperform the broader market.
  • Has an MSCI ESG Fund Rating of AA based on a score of 7.35 out of 10*.

“We designed our initial equity ETF not only for investors who might be looking for halal exposure, but for any investor who looks at their portfolio through a value-focused lens as well as those who seek to avoid over-levered enterprises, which can encounter serious turbulence in choppy markets,” Naushad Virji, CEO of SP Funds (Yahoo Finance, Dec. 2019)

Download ESG Whitepaper

*MSCI ESG Fund Ratings are designed to measure the Environmental, Social and Governance (ESG) characteristics of a fund’s underlying holdings, making it possible to rank or screen mutual funds and ETFs on a AAA to CCC ratings scale. Each fund or ETF scores a rating on a scale from CCC (laggard) to AAA (leader). The rating is based first on the weighted average score of the holdings of the fund or ETF. MSCI then assess ESG momentum to gain insight into the fund’s ESG track record, which is designed to indicate a fund’s exposure to holdings with a positive rating trend or worsening trend year over year. Finally, MSCI reviews the ESG tail risk to understand the fund’s exposure to holdings with worst-of-class ESG Ratings of B and CCC. The rating is not indicative of Fund performance. For more information visit https://www.msci.com/esg-fund-ratings.

Fund Details

Inception Date12/18/2019
TickerSPUS
Primary ExchangeNYSE
CUSIP886364801
IOPV SymbolSPUS.IV
NAV SymbolSPUS.UV
Expense Ratio0.49%
30 Day SEC Yield*0.53%
As of 11/30/21

Fund Details & Pricing

Net Assets as of 12/06/2021$123.64m
NAV$32.32
Shares Outstanding3,825,000
Premium/Discount Percentage0.05%
Closing Price$32.34
Median 30 Day Spread0.09%

Data as of 12/06/2021

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.

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.

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.

Performance

AVG. ANNUALIZEDReturns as of 11/30/2021
1 Month3 Month6 Month1 Year3 YearSince Incepection
Market Price1.85%4.95%18.38%34.87%-29.52%
Fund NAV1.96%5.05%18.66%35.40%-29.56%
Index1.84%4.65%18.08%35.33%-29.72%
S&P 500 TR Index-0.69%1.32%9.38%27.92%22.06%
RETURNS
QTD Returns as of 09/30/2021YTD Returns as of 11/30/2021Inception to 11/30/2021
Market Price (%)1.91%30.51%29.52%
NAV Return (%)1.78%30.14%29.56%
Index1.80%30.45%29.72%
S&P 500 TR0.58%23.18%22.06%

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
January 26, 2021January 27, 2021January 29, 20210.02600
February 23. 2021February 24, 2021
February 26, 2021
0.02600
March 26, 2021
March 29, 2021
March 31, 2021
0.02600
April 27, 2021
April 28, 2021
April 30, 2021
0.02600
May 25, 2021
May 26, 2021
May 28, 2021
0.02600
June 25, 2021
June 28, 2021
June 30, 2021
0.02600
July 27, 2021July 28, 2021July 30, 20210.02600
August 26, 2021August 27, 2021August 31, 20210.02600
September 27, 2021
September 28, 2021
September 30, 2021
0.02600
October 26, 2021
October 27, 2021
October 29, 2021
0.02600
December 1, 2021
December 2, 2021
December 6, 20210.02600
December 28, 2021
December 29, 2021
December 31, 2021

Top 10 Holdings

Percentage Of Net AssetsNameIdentifier CUSIP Shares HeldMarket Value
11.80APPLE INCAAPL03783310089425.0014783741.00
11.12MICROSOFT CORPMSFT59491810442692.0013925703.48
3.92ALPHABET INCGOOGL02079K3051714.004907353.40
3.70TESLA INCTSLA88160R1014593.004634382.93
3.68ALPHABET INCGOOG02079K1071603.004610115.79
3.44META PLATFORMS INCFB30303M10213573.004314449.51
3.38NVIDIA CORPORATIONNVDA67066G10414086.004231011.82
2.01HOME DEPOT INCHD4370761026055.002517063.50
1.95JOHNSON & JOHNSONJNJ47816010414989.002442307.66
1.68PROCTER AND GAMBLE COPG74271810913823.002103169.45

Data as of 12/07/2021. Holdings are subject to change.

Diversification does not ensure a profit or protect against loss in declining markets.

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.

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.

Equity securities, such as common stocks, are subject to market, economic and business risks that may cause their prices to fluctuate.


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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