Key stats
About SP Funds S&P Global REIT Sharia ETF
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Inception date
Dec 30, 2020
Structure
Open-Ended Fund
Replication method
Physical
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
ISIN
US8863647694
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.
Related funds
Classification
What's in the fund
Exposure type
Finance
Stock breakdown by region
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
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 assets under management is 168.75 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.
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.
Yes, SPRE pays dividends to its holders with the dividend yield of 4.19%.
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.