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*0.87%
As of 08/31/22

Fund Details & Pricing

Net Assets as of 09/30/2022$141.95m
NAV$24.37
Shares Outstanding5,825,000
Premium/Discount Percentage0.33%
Closing Price$24.45
Median 30 Day Spread0.11%

Data as of 09/30/2022

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 08/31/2022
1 Month3 Month6 Month1 Year3 YearSince Incepection
Market Price-5.32%-4.09%-9.50%-12.05%-12.94%
Fund NAV-5.26%-4.07%-9.70%-12.09%-12.90%
Index-5.24%-3.50%-9.86%-12.99%-12.73%
S&P 500 TR Index-4.08%-3.88%-8.84%-11.23%9.99%
RETURNS
1 Year Returns as of 06/30/2022YTD Returns as of 06/30/2022Inception to 06/30/2022
Market Price (%)-8.97%-22.83%12.00%
NAV Return (%)-9.10%-22.83%11.91%
Index-10.82%-23.62%11.39%
S&P 500 TR-10.62%-19.96%8.68%

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
January 26, 2022January 27, 2022January 31, 20220.0260
February 23,2022February 24, 2022
February 28, 2022
0.0260
March 28, 2022
March 29, 2022
March 31, 2022
0.0260
April 26, 2022
April 27, 2022April 29, 2022
0.0260
May 26, 2022May 27, 2022
May 31, 2022
0.0260
June 27, 2022June 28, 2022
June 30, 2022
0.0260
July 26, 2022July 27, 2022July 29, 20220.0260
August 26, 2022August 28, 2022August 31, 20220.0260
September 27, 2022
September 28, 2022September 30, 2022
0.0260
October 26, 2022
October 27, 2022October 31, 2022
November 25, 2022
November 28, 2022
November 30, 2022
December 22, 2022
December 28, 2022
December 30, 2022
*Long-Term Capital Gain distribution

Top 10 Holdings

Percentage Of Net AssetsNameIdentifier CUSIP Shares HeldMarket Value
12.65APPLE INCAAPL037833100129962.0017960748.40
10.37MICROSOFT CORPMSFT59491810463231.0014726499.90
3.98TESLA INCTSLA88160R10121295.005648498.75
3.42ALPHABET INCGOOGL02079K30550759.004855098.35
3.15ALPHABET INCGOOG02079K10746525.004473378.75
2.57JOHNSON & JOHNSONJNJ47816010422305.003643744.80
2.20EXXON MOBIL CORPXOM30231G10235724.003119062.44
1.86META PLATFORMS INCMETA30303M10219445.002638297.60
1.82NVIDIA CORPORATIONNVDA67066G10421236.002577838.04
1.81PROCTER AND GAMBLE COPG74271810920344.002568430.00

Data as of 10/03/2022. 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