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-equity 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*0.67%
As of 12/31/20

Fund Details & Pricing

Net Assets as of 01/15/2021$44.7m
NAV$25.18
Shares Outstanding1,775,000
Premium/Discount Percentage0.26%
Closing Price$25.25
Median 30 Day Spread0.24%

Data as of 01/15/2021

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.

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 12/31/2020
1 Month3 Month6 Month1 Year3 YearSince Incepection
Fund NAV4.04%9.86%21.20%25.66%-26.39%
Market Price3.34%9.52%20.51%25.65%-25.98%
Index3.74%10.19%21.75%25.66%-26.39%
S&P 500 TR Index3.84%12.15%22.16%18.40%19.09%
RETURNS
QTD Returns as of 12/31/2020YTD Returns as of 12/31/2020Inception to 12/31/2020
NAV Return (%)9.86%25.66%26.39%
Market Price (%)9.52%25.65%25.98%
Index10.19%25.66%26.39%
S&P 500 TR12.15%18.40%19.09%

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
March 25, 2020March 26, 2020March 30, 20200.04690
April 22, 2020April 23, 2020April 27, 20200.00477
May 20, 2020May 21, 2020May 26, 20200.02600
June 24, 2020June 25, 2020June 29, 20200.02658
July 22, 2020July 23, 2020July 27, 20200.02642
August 19, 2020August 20, 2020August 24, 20200.02640
September 23, 2020September 24, 2020September 28, 20200.02600
October 21, 2020October 22, 2020October 26, 20200.02600
December 1, 2020December 2, 2020December 4, 20200 .02600
December 28, 2020December 29, 2020December 31, 20200.02600

Top 10 Holdings

Percentage Of Net AssetsNameIdentifier CUSIP Shares HeldMarket Value
12.45APPLE INCAAPL03783310043771.005565044.94
9.85MICROSOFT CORPMSFT59491810420705.004402918.25
3.82TESLA INCTSLA88160R1012067.001707672.72
3.70FACEBOOK INCFB30303M1026582.001654451.52
3.18ALPHABET INCGOOGL02079K305822.001420103.64
3.08ALPHABET INCGOOG02079K107794.001378534.86
2.59JOHNSON & JOHNSONJNJ4781601047209.001155602.70
2.05PROCTER AND GAMBLE COPG7427181096789.00915021.42
1.95NVIDIA CORPORATIONNVDA67066G1041693.00870845.34
1.82HOME DEPOT INCHD4370761022947.00812163.73

Data as of 01/19/2021. 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