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SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS)SPUS

Upturn stock ratingUpturn stock rating
SP Funds S&P 500 Sharia Industry Exclusions ETF
$42.32
Delayed price
Profit since last BUY1.93%
Consider higher Upturn Star rating
upturn advisory
BUY since 42 days
  • BUY Advisory
  • Profitable SELL
  • Loss-Inducing SELL
  • Profit
  • Loss ​
  • PASS (Skip invest)*​ ​
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
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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​ Upturn stock ratingUpturn stock rating
Today’s Advisory: Consider higher Upturn Star rating
Historic Profit: 13.72%
Upturn Advisory Performance Upturn Advisory Performance3
Avg. Invested days: 57
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
ETF Returns Performance Upturn 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​ Upturn stock ratingUpturn stock rating
ETF Returns Performance Upturn Returns Performance 3
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 11/20/2024
Upturn Advisory Performance Upturn Advisory Performance3

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:

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.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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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