SPRE
The SP Funds S&P Global REIT Sharia ETF
Why SPRE ETF?
- SP Funds S&P Global REIT Sharia ETF (SPRE) provides value exposure to real estate asset class through Sharia-compliant REITs which meets screening requirements, including Sharia-compliant business activities, lower debt levels, permissible income below acceptable levels and prescribed level of cash and marketable securities.
- Tracks the S&P Global Shariah All REIT Capped Index which includes all Sharia-compliant constituents of the S&P Global REIT
- SP Funds approach is geared towards investors and advisors focused on faith-based, socially responsible and ethical investing solutions
- Offers a strong potential for income and price returns, capital preservation and inflation hedging.
“The SP Funds S&P Global REIT Sharia ETF has joined our family of ETFs which are designed not only for investors who might be looking for halal exposure, but for any investor who is seeking value-focused portfolio as well as those who are seeking to avoid over-levered enterprises,” Naushad Virji, CEO of SP Funds.
Investment CaseFund Details
| Name | Value |
|---|---|
| Inception Date | 12/29/2020 |
| Ticker | SPRE |
| Primary Exchange | NYSE |
| CUSIP | 886364769 |
| IOPV Symbol | SPRE.IV |
| NAV Symbol | SPRE.NV |
| Expense Ratio | 0.55% |
| 30 Day SEC Yield As of 10/31/2024 |
2.41% |
Fund Details & Pricing
| Name | value |
|---|---|
| Net Assets | $155.47m |
| NAV | $21.01 |
| Shares Outstanding | 7,400,000 |
| Premium/discount Percentage | 0.53% |
| Closing Price | $21.12 |
| Median 30 Day Spread** | 0.71% |
| Rate Date |
|---|
| 11/19/2024 |
IOPV, or Indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund’s NAV every fifteen seconds throughout the trading day.
The 30-Day SEC yield is calculated with a standardized formula mandated by the SEC. The formula is based on maximum offering price per share and does not reflect waivers in effect.
30 Day Median Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.
Performance
| Fund Name | Fund Ticker | 1 Month | 3 Month | 6 Month | YTD | Since Inception Cumulative | 1 Year | 3 Year | 5 Year | Since Inception Annualized | Date |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SP Funds S&P Global REIT Sharia ETF | SPRE NAV | -5.84 | 1.97 | 15.51 | 6.27 | 19.93 | 29.69 | -2.99 | - | 4.85 | 10/31/2024 |
| SP Funds S&P Global REIT Sharia ETF | SPRE MKT | -5.71 | 1.14 | 15.79 | 6.08 | 20.04 | 29.84 | -3.04 | - | 4.87 | 10/31/2024 |
| S&P 500 TR | SPTR2 | -0.91 | 3.66 | 14.08 | 20.97 | 62.30 | 38.02 | 9.08 | - | 13.45 | 10/31/2024 |
| S&P Global All Equity REIT Shariah Capped Index (USD) TR | SPERSCUT | -5.69 | 2.11 | 15.67 | 6.73 | 23.00 | 30.30 | -2.38 | - | 5.54 | 10/31/2024 |
| Fund Name | Fund Ticker | 1 Month | 3 Month | 6 Month | YTD | Since Inception Cumulative | 1 Year | 3 Year | 5 Year | Since Inception Annualized | Date |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SP Funds S&P Global REIT Sharia ETF | SPRE NAV | 3.55 | 14.17 | 10.79 | 12.86 | 27.37 | 30.16 | 1.82 | - | 6.66 | 09/30/2024 |
| SP Funds S&P Global REIT Sharia ETF | SPRE MKT | 3.67 | 14.31 | 10.91 | 12.51 | 27.31 | 30.20 | 1.75 | - | 6.64 | 09/30/2024 |
| S&P 500 TR | SPTR2 | 2.14 | 5.89 | 10.42 | 22.08 | 63.79 | 36.35 | 11.91 | - | 14.05 | 09/30/2024 |
| S&P Global All Equity REIT Shariah Capped Index (USD) TR | SPERSCUT | 3.59 | 14.22 | 10.92 | 13.18 | 30.43 | 30.68 | 2.43 | - | 7.33 | 09/30/2024 |
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained by calling (425) 409-9500.
Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Returns beyond 1 year are annualized.
A fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The market price is the most recent price at which the fund was traded.
Distribution Detail
| declared_date | Ex Date | Record Date | Payable Date | Dividend Amount | dividend_frequency | dividend_type |
|---|---|---|---|---|---|---|
| 2023-11-24 | 11/27/2023 | 11/28/2023 | 11/30/2023 | 0.0670 | Monthly | Income |
| 2023-10-25 | 10/26/2023 | 10/27/2023 | 10/31/2023 | 0.0670 | Monthly | Income |
| 2023-09-25 | 09/26/2023 | 09/27/2023 | 09/29/2023 | 0.0670 | Monthly | Income |
| 2023-08-25 | 08/28/2023 | 08/29/2023 | 08/31/2023 | 0.0670 | Monthly | Income |
| 2023-07-25 | 07/26/2023 | 07/27/2023 | 07/31/2023 | 0.0670 | Monthly | Income |
| 2023-06-26 | 06/27/2023 | 06/28/2023 | 06/30/2023 | 0.0670 | Monthly | Income |
| 2023-05-24 | 05/25/2023 | 05/26/2023 | 05/31/2023 | 0.0670 | Monthly | Income |
| 2023-04-24 | 04/25/2023 | 04/26/2023 | 04/28/2023 | 0.0670 | Monthly | Income |
| 2023-03-27 | 03/28/2023 | 03/29/2023 | 03/31/2023 | 0.0670 | Monthly | Income |
| 2023-02-22 | 02/23/2023 | 02/24/2023 | 02/28/2023 | 0.0670 | Monthly | Income |
| 2023-01-25 | 01/26/2023 | 01/27/2023 | 01/31/2023 | 0.0670 | Monthly | Income |
| 2022-12-23 | 12/27/2022 | 12/28/2022 | 12/30/2022 | 0.0670 | Monthly | Income |
| 2022-11-23 | 11/25/2022 | 11/28/2022 | 11/30/2022 | 0.0670 | Monthly | Income |
| 2022-10-25 | 10/26/2022 | 10/27/2022 | 10/31/2022 | 0.0670 | Monthly | Income |
| 2022-09-26 | 09/27/2022 | 09/28/2022 | 09/30/2022 | 0.0670 | Monthly | Income |
| 2022-08-25 | 08/26/2022 | 08/29/2022 | 08/31/2022 | 0.0670 | Monthly | Income |
| 2022-07-25 | 07/26/2022 | 07/27/2022 | 07/29/2022 | 0.0670 | Monthly | Income |
| 2022-06-24 | 06/27/2022 | 06/28/2022 | 06/30/2022 | 0.0670 | Monthly | Income |
| 2022-05-25 | 05/26/2022 | 05/27/2022 | 05/31/2022 | 0.0670 | Monthly | Income |
| 2022-04-25 | 04/26/2022 | 04/27/2022 | 04/29/2022 | 0.0670 | Monthly | Income |
| 2022-03-25 | 03/28/2022 | 03/29/2022 | 03/31/2022 | 0.0670 | Monthly | Income |
| 2022-02-22 | 02/23/2022 | 02/24/2022 | 02/28/2022 | 0.0670 | Monthly | Income |
| 2022-01-25 | 01/26/2022 | 01/27/2022 | 01/28/2022 | 0.0670 | Monthly | Income |
| 2021-12-27 | 12/28/2021 | 12/29/2021 | 12/31/2021 | 0.0670 | Monthly | Income |
| 2021-12-22 | 12/23/2021 | 12/27/2021 | 12/29/2021 | 0.0000 | Monthly | Omitted |
| 2021-11-30 | 12/01/2021 | 12/02/2021 | 12/06/2021 | 0.0670 | Monthly | Income |
| 2021-10-25 | 10/26/2021 | 10/27/2021 | 10/29/2021 | 0.0670 | Monthly | Income |
| 2021-09-24 | 09/27/2021 | 09/28/2021 | 09/30/2021 | 0.0670 | Monthly | Income |
| 2021-08-25 | 08/26/2021 | 08/27/2021 | 08/31/2021 | 0.0670 | Monthly | Income |
| 2021-07-26 | 07/27/2021 | 07/28/2021 | 07/30/2021 | 0.0670 | Monthly | Income |
| 2021-06-24 | 06/25/2021 | 06/28/2021 | 06/30/2021 | 0.0670 | Monthly | Income |
| 2021-05-24 | 05/25/2021 | 05/26/2021 | 05/28/2021 | 0.0670 | Monthly | Income |
| 2021-04-26 | 04/27/2021 | 04/28/2021 | 04/30/2021 | 0.0670 | Monthly | Income |
| 2021-03-25 | 03/26/2021 | 03/29/2021 | 03/31/2021 | 0.0670 | Monthly | Income |
| 2021-02-22 | 02/23/2021 | 02/24/2021 | 02/26/2021 | 0.0670 | Monthly | Income |
| 2021-01-25 | 01/26/2021 | 01/27/2021 | 01/29/2021 | 0.0670 | Irreg | Income |
Top 10 Holdings
| Date | Account | StockTicker | Weightings | SecurityName | CUSIP | Shares | Price | MarketValue | NetAssets | SharesOutstanding | CreationUnits | MoneyMarketFlag |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 11/20/2024 | SPRE | ARF AU | 0.45% | Arena REIT | B99K263 | 263,475 | 4.10 | 704,377.55 | 155,468,080 | 7,400,000 | 296 | |
| 11/20/2024 | SPRE | AVB | 10.91% | AvalonBay Communities Inc | 053484101 | 73,973 | 229.38 | 16,967,926.74 | 155,468,080 | 7,400,000 | 296 | |
| 11/20/2024 | SPRE | AVPGY TI | 0.06% | Avrupakent Gayrimenkul Yatirim Ortakligi AS | BNDY4W9 | 56,786 | 56.20 | 92,476.77 | 155,468,080 | 7,400,000 | 296 | |
| 11/20/2024 | SPRE | AXREIT MK | 0.24% | Axis Real Estate Investment Trust | B0CMCL8 | 944,812 | 1.74 | 367,573.59 | 155,468,080 | 7,400,000 | 296 | |
| 11/20/2024 | SPRE | BWP AU | 0.55% | BWP Trust | 6127453 | 376,825 | 3.47 | 852,611.96 | 155,468,080 | 7,400,000 | 296 | |
| 11/20/2024 | SPRE | CHC AU | 2.11% | Charter Hall Group | B15F6S6 | 320,260 | 15.69 | 3,276,482.70 | 155,468,080 | 7,400,000 | 296 | |
| 11/20/2024 | SPRE | CPT | 4.81% | Camden Property Trust | 133131102 | 61,675 | 121.29 | 7,480,560.75 | 155,468,080 | 7,400,000 | 296 | |
| 11/20/2024 | SPRE | CREIT PM | 0.06% | Citicore Energy REIT Corp | BM8GQ50 | 1,768,794 | 3.03 | 91,123.79 | 155,468,080 | 7,400,000 | 296 | |
| 11/20/2024 | SPRE | CUBE | 4.80% | CubeSmart | 229663109 | 152,197 | 48.98 | 7,454,609.06 | 155,468,080 | 7,400,000 | 296 | |
| 11/20/2024 | SPRE | DXI AU | 0.16% | Dexus Industria REIT | BP2RQ94 | 143,929 | 2.68 | 251,515.84 | 155,468,080 | 7,400,000 | 296 | |
| 11/20/2024 | SPRE | EGP | 3.68% | EastGroup Properties Inc | 277276101 | 32,879 | 174.11 | 5,724,562.69 | 155,468,080 | 7,400,000 | 296 | |
| 11/20/2024 | SPRE | ELS | 4.78% | Equity LifeStyle Properties Inc | 29472R108 | 104,946 | 70.85 | 7,435,424.10 | 155,468,080 | 7,400,000 | 296 | |
| 11/20/2024 | SPRE | EQIX | 12.38% | Equinix Inc | 29444U700 | 20,856 | 923.00 | 19,250,088.00 | 155,468,080 | 7,400,000 | 296 | |
| 11/20/2024 | SPRE | EQR | 4.88% | Equity Residential | 29476L107 | 101,867 | 74.50 | 7,589,091.50 | 155,468,080 | 7,400,000 | 296 | |
| 11/20/2024 | SPRE | EUR | 0.00% | EURO | CASHEUR | 1,299 | 1.00 | 1,375.44 | 155,468,080 | 7,400,000 | 296 | |
| 11/20/2024 | SPRE | FR | 3.05% | First Industrial Realty Trust Inc | 32054K103 | 89,441 | 52.99 | 4,739,478.59 | 155,468,080 | 7,400,000 | 296 | |
| 11/20/2024 | SPRE | GMG AU | 12.30% | Goodman Group | B03FYZ4 | 781,638 | 37.53 | 19,127,863.58 | 155,468,080 | 7,400,000 | 296 | |
| 11/20/2024 | SPRE | IGBREIT MK | 0.28% | IGB Real Estate Investment Trust | B89JCF2 | 952,148 | 2.08 | 442,810.03 | 155,468,080 | 7,400,000 | 296 | |
| 11/20/2024 | SPRE | IIPR | 1.31% | Innovative Industrial Properties Inc | 45781V101 | 19,148 | 106.20 | 2,033,517.60 | 155,468,080 | 7,400,000 | 296 | |
| 11/20/2024 | SPRE | IMPACT TB | 0.09% | IMPACT Growth Real Estate Investment Trust | BRCFFZ1 | 424,172 | 11.00 | 134,871.86 | 155,468,080 | 7,400,000 | 296 | |
| 11/20/2024 | SPRE | KZBGY TI | 0.04% | Kizilbuk Gayrimenkul Yatirim Ortakligi AS | BMVFFG8 | 70,982 | 28.08 | 57,756.43 | 155,468,080 | 7,400,000 | 296 | |
| 11/20/2024 | SPRE | LPF TB | 0.24% | Lotus's Retail Growth Freehold And Leasehold Property Fund | B7HJYW8 | 1,034,957 | 12.70 | 379,937.97 | 155,468,080 | 7,400,000 | 296 | |
| 11/20/2024 | SPRE | MAA | 4.79% | Mid-America Apartment Communities Inc | 59522J103 | 47,126 | 158.13 | 7,452,034.38 | 155,468,080 | 7,400,000 | 296 | |
| 11/20/2024 | SPRE | MREIT PM | 0.11% | MREIT Inc | BLH17T0 | 755,522 | 13.28 | 170,591.38 | 155,468,080 | 7,400,000 | 296 | |
| 11/20/2024 | SPRE | MXN | 0.00% | MEXICAN PESO | CASHMXN | 56,550 | 1.00 | 2,797.25 | 155,468,080 | 7,400,000 | 296 | |
| 11/20/2024 | SPRE | OZKGY TI | 0.06% | Ozak Gayrimenkul Yatirim Ortakligi | B72RSM5 | 265,757 | 12.19 | 93,873.60 | 155,468,080 | 7,400,000 | 296 | |
| 11/20/2024 | SPRE | PCH | 1.30% | PotlatchDeltic Corp | 737630103 | 48,532 | 41.66 | 2,021,843.12 | 155,468,080 | 7,400,000 | 296 | |
| 11/20/2024 | SPRE | PLD | 12.10% | Prologis Inc | 74340W103 | 163,342 | 115.13 | 18,805,564.46 | 155,468,080 | 7,400,000 | 296 | |
| 11/20/2024 | SPRE | PREIT SP | 0.46% | Parkway Life Real Estate Investment Trust | B23WXW9 | 262,094 | 3.62 | 708,944.39 | 155,468,080 | 7,400,000 | 296 | |
| 11/20/2024 | SPRE | RCR PM | 0.19% | RL Commercial REIT Inc | BLFMKR4 | 2,898,731 | 5.91 | 291,277.74 | 155,468,080 | 7,400,000 | 296 | |
| 11/20/2024 | SPRE | REXR | 4.09% | Rexford Industrial Realty Inc | 76169C100 | 148,046 | 42.95 | 6,358,575.70 | 155,468,080 | 7,400,000 | 296 | |
| 11/20/2024 | SPRE | RYN | 1.75% | Rayonier Inc | 754907103 | 90,617 | 30.07 | 2,724,853.19 | 155,468,080 | 7,400,000 | 296 | |
| 11/20/2024 | SPRE | SGD | 0.00% | SINGAPORE DOLLAR | CASHSGD | 1,815 | 1.00 | 1,356.38 | 155,468,080 | 7,400,000 | 296 | |
| 11/20/2024 | SPRE | SRVGY TI | 0.05% | Servet Gayrimenkul Yatirim Ortakligi AS | B95JG62 | 9,843 | 282.50 | 80,575.12 | 155,468,080 | 7,400,000 | 296 | |
| 11/20/2024 | SPRE | TRGYO TI | 0.10% | Torunlar Gayrimenkul Yatirim Ortakligi AS | B4WW142 | 101,403 | 54.95 | 161,463.19 | 155,468,080 | 7,400,000 | 296 | |
| 11/20/2024 | SPRE | TRNO | 2.55% | Terreno Realty Corp | 88146M101 | 65,488 | 60.52 | 3,963,333.76 | 155,468,080 | 7,400,000 | 296 | |
| 11/20/2024 | SPRE | WY | 4.90% | Weyerhaeuser Co | 962166104 | 248,534 | 30.68 | 7,625,023.12 | 155,468,080 | 7,400,000 | 296 | |
| 11/20/2024 | SPRE | ZRGYO TI | 0.13% | Ziraat Gayrimenkul Yatirim Ortakligi AS | BNG2TV4 | 602,866 | 11.98 | 209,282.37 | 155,468,080 | 7,400,000 | 296 | |
| 11/20/2024 | SPRE | Cash&Other | 0.22% | Cash & Other | Cash&Other | 338,318 | 1.00 | 338,318.86 | 155,468,080 | 7,400,000 | 296 | Y |
| Name |
|---|
| 11/20/2024 |
A real estate investment trust (REIT) is a security of a company that invests in real estate, either through real estate property, mortgages and similar real estate investments, or all of the foregoing. The Fund is expected to be concentrated in REITs. Through its investments in REITs, the Fund is subject to the risks of investing in the real estate market, including decreases in property revenues, increases in interest rates, increases in property taxes and operating expenses, legal and regulatory changes, a lack of credit or capital, defaults by borrowers or tenants, environmental problems and natural disasters.
Islamic religious law commonly known as Sharia has certain restrictions regarding finance and commercial activities permitted for Muslims, including interest restrictions and prohibited industries, which reduces the size of the overall universe in which the Fund can invest. The strategy to reduce the investable universe may limit investment opportunities and adversely affect the Fund’s performance, especially in comparison to a more diversified fund.
It is not possible to invest directly in an index. Investments in emerging markets may be more volatile and less liquid than more developed markets and therefore may involve greater risks.