About SP Funds Dow Jones Global Sukuk ETF (SPSK)
SP Funds Dow Jones Global Sukuk ETF (SPSK) is an investment fund profile on SNDUK. This page explains SP Funds Dow Jones Global Sukuk ETF (SPSK) performance, key fund facts, and investment strategy for investors comparing funds in United States.
SP Funds Dow Jones Global Sukuk ETF (SPSK) is managed by Tidal Investments LLC. Fund type: etfs. Fund code: SPSK. Assets under management: 670470000. Minimum investment: وثيقة واحدة. Inception date: 12/27/2019.
SP Funds Dow Jones Global Sukuk ETF, is an exchange-traded fund that provides investors with exposure to the global Sharia-compliant sukuk market through investments in U.S. dollar-denominated sukuk, providing exposure to a Sharia-compliant alternative to traditional fixed-income investments.
The Fund seeks to track the performance of the Dow Jones Sukuk Total Return (ex-Reinvestment) Index before fees and expenses. The Index includes U.S. dollar-denominated global sukuk with investment-grade credit ratings, provided that the outstanding issue size of eligible sukuk is at least $200 million, the remaining term to maturity is at least one year, and the credit rating is BBB- or higher from S&P or Fitch, or Baa3 or higher from Moody’s.
SPSK is classified as a diversified fund, having commenced operations as a non-diversified fund, then operated continuously as a diversified fund for three years, and becoming officially classified as a diversified fund effective December 27, 2022.
Despite the Sharia-compliant nature of sukuk, investing in SPSK involves risks, including credit risk and the risk that the issuer may be unable to meet its obligations, as well as interest rate risk that may affect the value of sukuk, in addition to liquidity risks in the sukuk market. The value of the Fund may also be affected by fluctuations in global markets and the performance of assets or contractual obligations associated with the sukuk.
SP Funds Dow Jones Global Sukuk ETF (SPSK) fund details
SP Funds Dow Jones Global Sukuk ETF (SPSK) is managed by Tidal Investments LLC. The asset manager oversees portfolio decisions and fund operations for SP Funds Dow Jones Global Sukuk ETF (SPSK).
SP Funds Dow Jones Global Sukuk ETF (SPSK) is classified as a etfs fund, which shapes its risk profile and investment universe.
Investors can identify SP Funds Dow Jones Global Sukuk ETF (SPSK) in market data using fund code SPSK.
SP Funds Dow Jones Global Sukuk ETF (SPSK) reports assets under management of 670470000.
The minimum investment amount to participate in SP Funds Dow Jones Global Sukuk ETF (SPSK) is وثيقة واحدة.
SP Funds Dow Jones Global Sukuk ETF (SPSK) was launched on 12/27/2019, giving investors a track record to evaluate long-term performance.
SP Funds Dow Jones Global Sukuk ETF (SPSK) performance summary
Return over 1 week: -0.8403%. Return over 1 month: -1.2277%. Return over 3 months: -1.8847%. Return over 6 months: -1.7213%. Return over 1 year: -4.685%. Return over since inception: -11.9184%.
Use this SNDUK fund page to review SP Funds Dow Jones Global Sukuk ETF (SPSK) returns, manager details, and strategy before investing.
SNDUK publishes SP Funds Dow Jones Global Sukuk ETF (SPSK) data to help investors compare investment funds in United States with transparent performance and fund information.
