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SP Funds S&P 500 Sharia ETF

SPUS

Market cap $3.12B

58.06 USD

-0.45

0.77%

At close Updated Sep 14, 4:00 PM EDT

Pre-market

After hours

58.05

-0.01

0.02%

1 day

-0.77%

5 days

-1.69%

1 month

-2.11%

3 months

0.14%

6 months

16.73%

Year to date

13.35%

1 year

19.56%

5 years

90.11%

10 years

189.29%

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 0%

Neutral 100%

Negative 0%

More Signs Of Growth Across AI And Europe

Europe shows tentative signs of improvement, but the recovery remains uneven. AI investment is increasingly influencing U.S. capital spending and trade.

More Signs Of Growth Across AI And Europe

CIO Weekly: SpaceX-Led IPO Boom Forces Governance Into Focus

The $85 billion listing last month of SpaceX, Elon Musk's aerospace, satellite communications and artificial intelligence company, was an important market event. The company's dual-class share structure, conferring disproportionate voting power on its founder, could be expected to serve as a template for the next wave of high-profile IPOs, with OpenAI and Anthropic expected to follow suit in the coming quarters.

CIO Weekly: SpaceX-Led IPO Boom Forces Governance Into Focus

Why U.S. And International Dividend Strategies Are Working Again

Despite continued concentration in mega-cap technology stocks, US dividend-focused strategies have generally remained competitive and historically experienced more shallow drawdowns than broader equity markets. Last year, US companies paid a record US$704.8 billion in dividends - the 15th consecutive annual record. Concurrently, dividend growth accelerated across several international markets, highlighting the continued strength of shareholder-return trends.

Why U.S. And International Dividend Strategies Are Working Again

SPUS: 10 Stocks To Complement This Shariah-Compliant S&P 500 ETF

SPUS is a leading Shariah-compliant U.S. equity comprised of roughly 200 S&P 500 Index stocks. Its expense ratio is 0.45%, and the ETF has $1.64B in assets under management. Despite the suggestion, SPUS is not a substitute for S&P 500 Index ETFs like SPY. In fact, it's heavily concentrated in tech, and consequently, it's much more risky and growth-oriented. Complementing SPUS with a lower P/E fund like HLAL is one solution, but I think readers should consider the ten stocks listed below, selected for their fundamental characteristics.

SPUS: 10 Stocks To Complement This Shariah-Compliant S&P 500 ETF

SPUS: Popular Shariah-Compliant ETF With A Large Growth Lean

SPUS is comprised of 200+ Shariah-compliant S&P 500 Index stocks. Its expense ratio is 0.45% and the ETF has an impressive $1.36 billion in assets under management. SPUS excludes stocks in the Aerospace & Defense, Financial Exchanges & Data, and Transaction & Payment Processing Services sub-industries and also applies several sector-based screens. The ETF is market-cap-weighted, so the weights of these excluded stocks get redistributed to the top, resulting in nearly 53% allocated to the Magnificent Seven.

SPUS: Popular Shariah-Compliant ETF With A Large Growth Lean

A Comparative Look at the Costs of Faith-Based ETFs

For investors seeking to align their financial decisions with their personal values, faith-based ETFs may present a unique opportunity. However, understanding the fee structures associated with these funds is necessary for making informed choices.

A Comparative Look at the Costs of Faith-Based ETFs

SPUS: Shariah Exclusions ETF With Nearly 50% Allocated To The Magnificent 7

SPUS tracks the S&P 500 Shariah Industry Exclusions Index, selecting large-cap companies meeting specific screens related to how they derive net income. Fees are 0.45% and AUM is $575 million. SPUS also screens constituents for debt, and the fund ranks an impressive #18/57 on profitability among the large-cap growth ETFs I track. High quality is SPUS' best fundamental feature. The downside is SPUS is highly concentrated, with 47% allocated to Magnificent Seven stocks and two-thirds of assets in only 25 companies.

January FOMC Meeting Review: The 'Fed-Amental' Attribution Error

The Federal Reserve kept rates steady and maintained a hawkish stance toward inflation while acknowledging an outstanding economy and progress in vanquishing inflationary pressure. Expectations for rate cuts in March were dampened by a change in statement language and Powell's comments in the press conference.

SPUS: Shariah ESG ETF Powered By 46% Tech Beat The Market

SPUS tracks the S&P 500 Shariah Industry Exclusions Index. Fees are high at 0.45%, but it's been the top-performing ESG since its December 2019 launch. The primary reason is a screening and weighting process that favors high-valued Technology stocks. Debt is measured as a percentage of market capitalization, and securities are market-cap-weighted. This process allows semiconductor stocks like Nvidia and Broadcom, where competitors like HLAL, which measure debt as a percentage of total assets, exclude them.

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