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About SP Funds S&P Global Technology ETF
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Inception date
Dec 1, 2023
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
ShariaPortfolio, Inc.
Distributor
Foreside Fund Services LLC
ISIN
US84612A1016
SPTE tracks a global index comprised of large-cap information technology firms that pass specific criteria for adherence to Shariah laws. Companies involved in business practices against the principles of Shariah like gambling, tobacco, or alcohol-related business activities are screened out. Firms deploying leverage that contravenes Shariah regulations are also eliminated. The index is a float-adjusted market capitalization weighted, with a 10% single issuer capping and a 50% country capping. Furthermore, SPTE has the flexibility to invest up to 20% of its assets in Shariah-compliant securities not listed in the index based on the fund advisers recommendations. These are chosen to help the fund align with the index performance. SPTE seeks to provide a balanced exposure to the IT sector, aligning with Shariah guidelines and aiming to deliver consistent performance in line with the index.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Electronic Technology
Technology Services
Stocks99.82%
Electronic Technology68.11%
Technology Services26.86%
Producer Manufacturing4.19%
Health Technology0.54%
Commercial Services0.12%
Bonds, Cash & Other0.18%
Cash0.18%
Stock breakdown by region
North America53.96%
Asia29.64%
Europe15.75%
Oceania0.65%
Latin America0.00%
Africa0.00%
Middle East0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SPTE invests in stocks. The fund's major sectors are Electronic Technology, with 68.11% stocks, and Technology Services, with 26.86% of the basket. The assets are mostly located in the North America region.
SPTE top holdings are Apple Inc. and Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR, occupying 11.77% and 11.46% of the portfolio correspondingly.
SPTE last dividends amounted to 0.01 USD. The month before, the issuer paid 0.01 USD in dividends,
SPTE assets under management is 73.25 M USD. It's risen 12.70% over the last month.
SPTE fund flows account for 21.29 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.
Yes, SPTE pays dividends to its holders with the dividend yield of 0.41%. The last dividend (Sep 26, 2025) amounted to 0.01 USD. The dividends are paid monthly.
SPTE shares are issued by ShariaPortfolio, Inc. under the brand SP Funds. The ETF was launched on Dec 1, 2023, and its management style is Passive.
SPTE expense ratio is 0.55% meaning you'd have to pay 0.55% of your investment to help manage the fund.
SPTE follows the S&P Global 1200 Shariah Information Technology Capped Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SPTE invests in stocks.
SPTE price has risen by 8.46% over the last month, and its yearly performance shows a 28.26% increase. See more dynamics on SPTE price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 8.87% over the last month, showed a 11.30% increase in three-month performance and has increased by 26.83% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 8.87% over the last month, showed a 11.30% increase in three-month performance and has increased by 26.83% in a year.
SPTE trades at a premium (0.04%) meaning the ETF is trading at a higher price than the calculated NAV.