SP Funds S&P 500 Sharia Industry Exclusions ETF company info

What does SP Funds S&P 500 Sharia Industry Exclusions ETF do?
SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) focuses on providing investors with exposure to an ethically constructed portfolio, following the principles of Sharia law. This unique ETF excludes businesses involved in industries like alcohol, tobacco, gambling, and weapons, catering to investors seeking compliance with Islamic investment criteria. SPUS aims to mirror the performance of the S&P 500, minus the sectors it deems non-compliant, offering a blend of rigorous ethical standards and the goal of competitive returns. The fund's primary objective is to achieve long-term capital growth by investing in a diversified portfolio of Sharia-compliant companies listed on the S&P 500. Through its strategy, SP Funds S&P 500 Sharia Industry Exclusions ETF seeks to serve as a bridge for investors wanting to align their investments with their values without compromising on financial performance.
SP Funds S&P 500 Sharia Industry Exclusions ETF company media
Company Snapshot

Is SP Funds S&P 500 Sharia Industry Exclusions ETF a public or private company?

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Ownership
Public

How many people does SP Funds S&P 500 Sharia Industry Exclusions ETF employ?

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Employees
38,404

What sector is SP Funds S&P 500 Sharia Industry Exclusions ETF in?

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Sector
ETF

Where is the head office for SP Funds S&P 500 Sharia Industry Exclusions ETF?

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Head Office
New York, United States

What year was SP Funds S&P 500 Sharia Industry Exclusions ETF founded?

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Year Founded
2019
What does SP Funds S&P 500 Sharia Industry Exclusions ETF specialise in?
/Sharia Compliant /S&P 500 /Exclusions ETF /Investment Services /Industry Exclusions /Financial Portfolio

What are the products and/or services of SP Funds S&P 500 Sharia Industry Exclusions ETF?

Overview of SP Funds S&P 500 Sharia Industry Exclusions ETF offerings
Tracks Shariah-Compliant S&P 500: SPUS tracks the S&P 500® Shariah Exclusion Index. This index is derived from the S&P 500, a broad market index of U.S. companies, but excludes companies from industries that are not compliant with Islamic law (Sharia).
Sharia-compliant Screening: Companies within the S&P 500 Shariah Exclusion Index are screened for compliance with Sharia principles. This may involve excluding businesses that derive a significant portion of their revenue from activities like alcohol, tobacco, gambling, or conventional financial instruments that involve interest.
Exposure to U.S. Equities: By investing in SPUS, you gain indirect exposure to a basket of large, well-established U.S. companies, but with the focus on Sharia-compliant businesses.
Passive Management: SPUS likely tracks the index passively. This means the holdings are automatically adjusted to reflect the index composition, potentially resulting in lower fees compared to actively managed Sharia-compliant funds.
Diversification Within Shariah-compliant US Equities: SPUS offers diversification within the universe of Sharia-compliant U.S. large-cap stocks, reducing concentration risk on any single company.
Potential for Capital Appreciation: The value of SPUS can potentially grow over time as the underlying companies' stock prices increase. However, its performance may differ from the broader market due to the exclusion of certain sectors.