Key stats
About SP Funds S&P 500 Sharia Industry Exclusions ETF
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Inception date
Dec 18, 2019
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Qualified dividends
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
SPUS is a passively-managed portfolio of stocks derived from S&P 500 index that are compliant with Sharia law. Eligible constituents are screened for non-compliant business activities (such as gambling, alcohol or tobacco), and must satisfy certain accounting-based financial ratios. As Sharia observes interest restrictions and prohibited industries, SPUS uses an exclusionary screening to form the final composition by excluding those within the following GICS sub-industries: (i) Aerospace and Defense (ii) Financial Exchanges and Data (iiI) Data Processing and Outsourced Services and (iv) Research and Consulting Services. The index is rebalanced and reconstituted monthly and weighted based on market cap of each constituents.
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
Health Technology
Stocks99.75%
Electronic Technology30.85%
Technology Services26.09%
Health Technology11.48%
Retail Trade9.80%
Consumer Non-Durables3.95%
Producer Manufacturing3.56%
Consumer Durables2.77%
Energy Minerals2.58%
Process Industries2.02%
Transportation1.86%
Finance0.99%
Industrial Services0.94%
Distribution Services0.89%
Consumer Services0.79%
Non-Energy Minerals0.68%
Utilities0.25%
Commercial Services0.12%
Miscellaneous0.08%
Health Services0.05%
Bonds, Cash & Other0.25%
Cash0.25%
Stock breakdown by region
North America96.85%
Europe3.15%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history