SPUS

SP Funds S&P 500 Sharia ETF

$50.64

+0.00%

Market closed. Last update: 11:40 PM ET

📎 Investment Objective

The SP Funds S&P 500 Sharia ETF (SPUS) seeks to track the performance of the S&P 500 Sharia Index, which consists of large-cap U.S. companies that meet Islamic investment principles.

Overview

ETF tracking SP Funds S&P 500 Sharia ETF

Category Large Cap

Issuer Other

Inception Date 2019-12-18

Market Cap $1.6B

Average Volume N/A

Dividend Yield 0.51%

52-Week Range $34.38 - $52.13

VWAP $50.38

Performance

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Investment Summary

📎 Investment Objective

The SP Funds S&P 500 Sharia ETF (SPUS) seeks to track the performance of the S&P 500 Sharia Index, which consists of large-cap U.S. companies that meet Islamic investment principles.

🎯 Investment Strategy

The ETF invests in a portfolio of stocks that are included in the S&P 500 Sharia Index. The index screens the S&P 500 to exclude companies involved in non-Sharia compliant activities such as alcohol, tobacco, gambling, and conventional financial services. The fund aims to provide exposure to the large-cap U.S. equity market while adhering to Islamic investment guidelines.

✨ Key Features

Tracks the performance of the S&P 500 Sharia Index, which consists of large-cap U.S. companies that meet Islamic investment principles
Diversified portfolio of stocks that are screened for Sharia compliance
Low expense ratio of 0.00%
Suitable for investors seeking large-cap U.S. equity exposure that aligns with Islamic investment guidelines

⚠️ Primary Risks

Market risk: The value of the fund's holdings may decline due to general market conditions or other factors
Sector concentration risk: The fund's performance may be more volatile due to its focus on the large-cap U.S. equity market
Sharia compliance risk: The fund's performance may differ from the broader U.S. equity market due to the Sharia-based screening process
Liquidity risk: The fund may have difficulty buying or selling certain holdings, which could affect its performance

👤 Best For

The SP Funds S&P 500 Sharia ETF is best suited for investors who are seeking large-cap U.S. equity exposure and want to invest in a portfolio that adheres to Islamic investment principles. This ETF may be appropriate for Muslim investors or those who prefer to invest in companies that align with Sharia guidelines.