About SP Funds S&P 500 Sharia Industry Exclusions ETF ( SPUS )
SP Funds S&P 500 Sharia Industry Exclusions ETF ( SPUS ) is an investment fund profile on SNDUK. This page explains SP Funds S&P 500 Sharia Industry Exclusions ETF ( SPUS ) performance, key fund facts, and investment strategy for investors comparing funds in United States.
SP Funds S&P 500 Sharia Industry Exclusions ETF ( SPUS ) is managed by Tidal Investments LLC. Fund type: equity. Fund code: SPUS. Assets under management: 3055280000. Minimum investment: وثيقة واحدة. Inception date: 12/17/2019.
SPUS Sharia-Compliant U.S. Equity ETF (SP Funds S&P 500 Sharia Industry Exclusions ETF) is an exchange-traded fund (ETF) listed on NYSE Arca in the United States, providing investors with exposure to a group of Sharia-compliant U.S. stocks by tracking the performance of the S&P 500 Shariah Industry Exclusions Index. The ETF invests in Sharia-compliant companies within the S&P 500, with a focus on companies with low levels of debt and financial leverage, and uses a passive management approach aimed at tracking the performance of the benchmark index before fees and expenses.
The SPUS ETF follows a Sharia and financial screening methodology based on AAOIFI guidelines, whereby companies engaged in non-Sharia-compliant activities, such as alcohol, gambling, tobacco, and conventional finance, are excluded. In addition, financial criteria are applied, including that debt must be less than 33.333% of total assets, cash and interest-bearing instruments must be less than 33.333% of total assets, accounts receivable and cash must not exceed 50% of total assets, and income from interest and non-Sharia-compliant activities must not exceed 5% of total revenue. The index and its constituents are continuously reviewed and reconstituted monthly.
The index includes Sharia-compliant companies within the S&P 500 after excluding three sub-industries: Aerospace & Defense, Financial Exchanges & Data, and Data Processing & Outsourced Services.
SPUS is suitable for investors seeking halal exposure to major U.S. companies within the S&P 500, as well as investors who view their portfolios from a values-based perspective or wish to avoid highly leveraged companies according to the index methodology. With an annual expense ratio of 0.45%, the potential for monthly distribution of net investment income, and a profit purification mechanism that helps investors identify the portion of distributions attributable to non-Sharia-compliant sources of income and donate it, SPUS provides a structured way to invest in Sharia-compliant U.S. equities.
SPUS is exposed to stock market volatility and concentration risk as a result of its classification as a non-diversified ETF, in addition to limited investment opportunities resulting from the application of Sharia criteria and index-tracking risk. The market price of SPUS may also trade at a premium or discount to its net asset value (NAV), with bid-ask spreads and brokerage commissions also applicable
SP Funds S&P 500 Sharia Industry Exclusions ETF ( SPUS ) fund details
SP Funds S&P 500 Sharia Industry Exclusions ETF ( SPUS ) is managed by Tidal Investments LLC. The asset manager oversees portfolio decisions and fund operations for SP Funds S&P 500 Sharia Industry Exclusions ETF ( SPUS ).
SP Funds S&P 500 Sharia Industry Exclusions ETF ( SPUS ) is classified as a equity fund, which shapes its risk profile and investment universe.
Investors can identify SP Funds S&P 500 Sharia Industry Exclusions ETF ( SPUS ) in market data using fund code SPUS.
SP Funds S&P 500 Sharia Industry Exclusions ETF ( SPUS ) reports assets under management of 3055280000.
The minimum investment amount to participate in SP Funds S&P 500 Sharia Industry Exclusions ETF ( SPUS ) is وثيقة واحدة.
SP Funds S&P 500 Sharia Industry Exclusions ETF ( SPUS ) was launched on 12/17/2019, giving investors a track record to evaluate long-term performance.
SP Funds S&P 500 Sharia Industry Exclusions ETF ( SPUS ) performance summary
Return over 1 week: +0.483%. Return over 1 month: +2.9171%. Return over 3 months: +6.4772%. Return over 6 months: +24.1103%. Return over 1 year: +20.9988%. Return over since inception: +200.6279%.
Use this SNDUK fund page to review SP Funds S&P 500 Sharia Industry Exclusions ETF ( SPUS ) returns, manager details, and strategy before investing.
SNDUK publishes SP Funds S&P 500 Sharia Industry Exclusions ETF ( SPUS ) data to help investors compare investment funds in United States with transparent performance and fund information.