SPRE

SP Funds S&P Global REIT Sharia ETF

$19.24

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The SP Funds S&P Global REIT Sharia ETF (SPRE) seeks to track the performance of the S&P Global REIT Sharia Index, which consists of global real estate investment trusts (REITs) that comply with Islamic investment principles.

Overview

ETF tracking SP Funds S&P Global REIT Sharia ETF

Category International

Issuer Other

Inception Date 2020-12-30

Market Cap $166.9M

Average Volume N/A

Dividend Yield 3.48%

52-Week Range $17.00 - $21.65

VWAP $19.22

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The ETF invests in a portfolio of global REITs that are screened to meet Sharia-compliant criteria. This includes avoiding companies involved in prohibited activities like alcohol, tobacco, gambling, and conventional financial services. The fund aims to provide exposure to the global REIT market while adhering to Islamic investment guidelines.

✨ Key Features

Provides exposure to global REITs that meet Sharia-compliant standards
Tracks the performance of the S&P Global REIT Sharia Index
Diversified portfolio of real estate companies across different countries and sectors
Low expense ratio of 0.00%

⚠️ Primary Risks

Concentration risk as the fund is focused on the global REIT market
Currency risk as the fund holds securities denominated in foreign currencies
Liquidity risk as some underlying REIT holdings may have lower trading volumes
Regulatory risk as changes in Sharia investment guidelines could impact the fund

👤 Best For

This ETF may be suitable for Islamic or faith-based investors seeking exposure to the global real estate market while adhering to Sharia investment principles. It could also be of interest to investors looking to diversify their portfolio with global REIT exposure.