SPSK
SP Funds Dow Jones Global Sukuk ETF
📎 Investment Objective
The SP Funds Dow Jones Global Sukuk ETF (SPSK) seeks to track the performance of the Dow Jones Sukuk Index, which measures the performance of global Islamic fixed-income securities, known as sukuk.
Overview
ETF tracking SP Funds Dow Jones Global Sukuk ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The SP Funds Dow Jones Global Sukuk ETF (SPSK) seeks to track the performance of the Dow Jones Sukuk Index, which measures the performance of global Islamic fixed-income securities, known as sukuk.
🎯 Investment Strategy
The ETF invests in a portfolio of sukuk instruments that are designed to provide exposure to the global Islamic fixed-income market. The fund aims to replicate the index by holding the same securities in the same proportions.
✨ Key Features
- Provides exposure to the global Islamic fixed-income market through investment in sukuk instruments
- Tracks the Dow Jones Sukuk Index, a benchmark for the performance of global sukuk
- Low expense ratio of 0.00%
- Relatively new fund with limited performance history
⚠️ Primary Risks
- Interest rate risk: The value of the fund's holdings may decline due to rising interest rates
- Credit risk: The fund is exposed to the risk of default by the issuers of the sukuk instruments
- Currency risk: The fund's holdings may be denominated in foreign currencies, exposing it to fluctuations in exchange rates
- Liquidity risk: The sukuk market may experience periods of low trading volume, which could affect the fund's ability to sell securities
👤 Best For
The SP Funds Dow Jones Global Sukuk ETF may be suitable for investors seeking exposure to the global Islamic fixed-income market as part of a diversified portfolio. Investors should have a medium-term investment horizon and be comfortable with the risks associated with fixed-income investments.