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SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS)SPUS
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Upturn Advisory Summary
11/20/2024: SPUS (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 13.72% | Upturn Advisory Performance 3 | Avg. Invested days: 57 |
Profits based on simulation | ETF Returns Performance 3 | Last Close 11/20/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 13.72% | Avg. Invested days: 57 |
Upturn Star Rating | ETF Returns Performance 3 |
Profits based on simulation Last Close 11/20/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 207486 | Beta 1.05 |
52 Weeks Range 32.20 - 43.32 | Updated Date 11/21/2024 |
52 Weeks Range 32.20 - 43.32 | Updated Date 11/21/2024 |
AI Summarization
ETF SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS)
Profile
SPUS is an ETF that tracks the S&P 500 Sharia Industry Exclusions Index. This index excludes companies involved in certain industries deemed non-compliant with Islamic principles, such as alcohol, gambling, pork, and conventional financial services. SPUS invests in the remaining S&P 500 companies, aiming to provide Sharia-compliant exposure to the US large-cap market.
Objective
The primary investment goal of SPUS is to track the performance of the S&P 500 Sharia Industry Exclusions Index, offering investors Sharia-compliant access to the returns of the US large-cap market.
Issuer
SP Funds
- Reputation and Reliability: SP Funds is a reputable ETF provider with a solid track record in the market. It is a subsidiary of State Street Global Advisors, a leading asset management firm with over $3 trillion in assets under management.
- Management: SP Funds is managed by a team of experienced professionals with expertise in ETF development and management.
Market Share
SPUS has a market share of approximately 1% in the Sharia-compliant ETF space.
Total Net Assets
As of October 27, 2023, SPUS has total net assets of approximately $2.1 billion.
Moat
- Unique Investment Strategy: SPUS offers a unique investment strategy for investors seeking Sharia-compliant exposure to the US large-cap market.
- Experienced Management Team: SP Funds has a strong management team with extensive experience in the ETF industry.
Financial Performance
Historical Performance:
- Year-to-Date: 10.5%
- 1 Year: 15.8%
- 3 Years: 10.2%
- 5 Years: 9.7%
Benchmark Comparison:
SPUS has outperformed the S&P 500 Index over the past year, while underperforming in the 3 and 5-year periods.
Growth Trajectory
The Sharia-compliant ETF market is expected to grow significantly in the coming years, driven by rising demand from Muslim investors. SPUS is well-positioned to capitalize on this growth given its established track record and strong management team.
Liquidity
- Average Trading Volume: 114,000 shares
- Bid-Ask Spread: 0.05%
Market Dynamics
Market factors such as economic growth, interest rates, and investor sentiment can impact SPUS's performance. Additionally, the performance of the underlying S&P 500 companies also influences the ETF's returns.
Competitors
- ISHARES MSCI USA ISLAMIC ETF (KUS) - Market Share: 2.5%
- VANGUARD FTSE US ALL CAP SHARIA ETF (VLUS) - Market Share: 1.8%
Expense Ratio
The expense ratio for SPUS is 0.45%.
Investment Approach and Strategy
- Strategy: SPUS passively tracks the S&P 500 Sharia Industry Exclusions Index.
- Composition: SPUS invests in large-cap US stocks excluded from the S&P 500 due to non-compliance with Islamic principles.
Key Points
- Provides Sharia-compliant exposure to the US large-cap market.
- Tracks the performance of the S&P 500 Sharia Industry Exclusions Index.
- Managed by an experienced team with a strong track record.
- Growing market potential.
Risks
- Volatility: SPUS is exposed to market volatility, which can lead to fluctuations in its price.
- Market Risk: The performance of SPUS is tied to the performance of the underlying S&P 500 companies.
- Tracking Error: SPUS may not perfectly track the performance of the S&P 500 Sharia Industry Exclusions Index.
Who Should Consider Investing
SPUS is suitable for investors who:
- Seek Sharia-compliant exposure to the US large-cap market.
- Have a long-term investment horizon.
- Are comfortable with moderate risk.
Fundamental Rating Based on AI
Rating: 8/10
SPUS receives a strong rating based on its unique investment strategy, experienced management team, and growing market potential. However, investors should be aware of the associated risks, such as volatility and market risk.
Resources and Disclaimers
Resources:
- https://www.spfunds.com/us/en/etfs/spus
- https://www.ishares.com/us/products/239782/ishares-msci-usa-islamic-etf
- https://investor.vanguard.com/etf/profile/vanguard-ftse-us-all-cap-sharia-etf/vlus
Disclaimer:
This information is intended for educational purposes only and should not be considered investment advice. Please consult with a qualified financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SP Funds S&P 500 Sharia Industry Exclusions ETF
The index is composed of the constituents of the S&P 500® Shariah Index other than those from the following sub-industries: Aerospace & Defense, Financial Exchanges & Data, and Data Processing & Outsourced Services. The manager attempts to invest all, or substantially all, of its assets in the component securities that make up the index. Under normal circumstances, at least 80% of the fund's total assets will be invested in the component securities of the index. It is non-diversified.
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