SP Funds S&P Global REIT Sharia ETFSP Funds S&P Global REIT Sharia ETFSP Funds S&P Global REIT Sharia ETF

SP Funds S&P Global REIT Sharia ETF

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Key stats


Assets under management (AUM)
‪152.48 M‬USD
Fund flows (1Y)
‪41.79 M‬USD
Dividend yield (indicated)
4.28%
Discount/Premium to NAV
0.4%
Shares outstanding
‪7.83 M‬
Expense ratio
0.50%

About SP Funds S&P Global REIT Sharia ETF


Issuer
Toroso Investments Topco LLC
Brand
SP Funds
Home page
Inception date
Dec 30, 2020
Structure
Open-Ended Fund
Index tracked
S&P Global All Equity REIT Shariah Capped Index
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
SPRE is passively managed to provide exposure to all Shariah-compliant constituents of the broader S&P Global REIT universe. The underlying index considers all REIT securities listed in both developed and emerging markets that meet minimum market-cap and trading value requirements. Securities are then screened for compliance with Islamic religious laws, such as: maintaining lower debt levels, permissible income below acceptable levels and maintain prescribed cash or asset levels. In addition, the index removes securities involved in business activities that are not Shariah-compliant such as gambling, alcohol, or tobacco. The underlying index is rebalanced and reconstituted monthly.

Classification


Asset Class
Equity
Category
Sector
Focus
Real estate
Niche
REITs
Strategy
ESG
Geography
Global
Weighting scheme
Market cap
Selection criteria
Principles-based
What's in the fund
Exposure type
StocksBonds, Cash & Other
Finance
Stock breakdown by region
15%82%0.5%1%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Broaden your horizons with more funds linked to SPRE via country, focus, and more.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
SPRE trades at 19.05 USD today, its price has fallen −2.45% in the past 24 hours. Track more dynamics on SPRE price chart.
SPRE net asset value is 19.00 today — it's risen 6.22% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
SPRE assets under management is ‪152.48 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
SPRE price has risen by 3.41% over the last month, and its yearly performance shows a −2.61% decrease. See more dynamics on SPRE price chart.
NAV returns, another gauge of an ETF dynamics, showed a −4.12% decrease in three-month performance and has increased by 3.05% in a year.
SPRE fund flows account for ‪41.79 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
SPRE invests in stocks. See more details in our Analysis section.
SPRE expense ratio is 0.50%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, SPRE isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, SPRE technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating SPRE shows the sell signal. See more of SPRE technicals for a more comprehensive analysis.
Yes, SPRE pays dividends to its holders with the dividend yield of 4.28%.
SPRE trades at a premium (0.43%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
SPRE shares are issued by Toroso Investments Topco LLC
SPRE follows the S&P Global All Equity REIT Shariah Capped Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Dec 30, 2020.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.