SPRE
The SP Funds S&P Global REIT Sharia ETF
SPRE is a Sharia-compliant ETF that invests in global real estate for income, capital gains, and inflation protection.
Why SPRE ETF?
Sharia-Compliant REIT Exposure
The SP Funds S&P Global REIT Sharia ETF (SPRE) provides value exposure to real estate by investing in Sharia-compliant REITs. These REITs follow strict criteria, including Sharia-compliant activities, low debt, permissible income, and regulated cash levels.
Index Tracking and Compliance
This ETF tracks the S&P Global Shariah All REIT Capped Index, encompassing all Sharia-compliant S&P Global REIT constituents. This ensures adherence to Sharia principles while offering global real estate investment opportunities.
Ethical Investment Focus
SP Funds targets investors and advisors seeking faith-based, socially responsible, and ethical investments. Their approach aligns with broader ESG principles, appealing to conscientious investors.
Income and Growth Potential
The SP Funds S&P Global REIT Sharia ETF (SPRE) provides value exposure to real estate by investing in Sharia-compliant REITs. These REITs follow strict criteria, including Sharia-compliant activities, low debt, permissible income, and regulated cash levels.
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
Fund 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 11/30/2024 |
2.36% |
Fund Details & Pricing
| Name | value |
|---|---|
| Net Assets | $151.80m |
| NAV | $19.97 |
| Shares Outstanding | 7,600,000 |
| Premium/discount Percentage | 0.33% |
| Closing Price | $20.04 |
| Median 30 Day Spread** | 0.61% |
| Rate Date |
|---|
| 12/24/2024 |
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 Statistics
| Fund Name | Fund Ticker | 1 Month | 3 Month | 6 Month | YTD | Since Inception Cumulative | 1 Year | 3 Year | 5 Year | Since Inception Annualized | Date As of |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SP Funds S&P Global REIT Sharia ETF | SPRE NAV | 4.10 | 1.51 | 14.62 | 10.63 | 24.85 | 20.65 | -1.83 | - | 5.82 | 11/30/2024 |
| SP Funds S&P Global REIT Sharia ETF | SPRE MKT | 4.38 | 2.03 | 14.95 | 10.73 | 25.29 | 21.04 | -1.85 | - | 5.92 | 11/30/2024 |
| S&P 500 TR | SPTR2 | 5.87 | 7.15 | 15.07 | 28.07 | 71.83 | 33.89 | 11.44 | - | 14.81 | 11/30/2024 |
| S&P Global All Equity REIT Shariah Capped Index (USD) TR | SPERSCUT | 4.12 | 1.71 | 14.97 | 11.13 | 28.06 | 21.26 | -1.23 | - | 6.51 | 11/30/2024 |
| Fund Name | Fund Ticker | 1 Month | 3 Month | 6 Month | YTD | Since Inception Cumulative | 1 Year | 3 Year | 5 Year | Since Inception Annualized | Date As Of |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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.
Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV) and may trade at a discount or premium to NAV. Shares are not individually redeemable from the Fund and may only be acquired or redeemed from the Fund in creation units. Brokerage commissions will reduce returns.
Distribution Details
| Ex Date | Record Date | Payable Date | Dividend Amount |
|---|---|---|---|
| 12/27/2024 | 12/27/2024 | 12/31/2024 | 0.0800 |
| 11/26/2024 | 11/26/2024 | 11/29/2024 | 0.0670 |
| 10/28/2024 | 10/28/2024 | 10/30/2024 | 0.0670 |
| 09/26/2024 | 09/26/2024 | 09/30/2024 | 0.0670 |
| 08/27/2024 | 08/27/2024 | 08/29/2024 | 0.0670 |
| 07/26/2024 | 07/26/2024 | 07/30/2024 | 0.0670 |
| 06/26/2024 | 06/26/2024 | 06/28/2024 | 0.0670 |
| 05/29/2024 | 05/29/2024 | 05/31/2024 | 0.0670 |
| 04/25/2024 | 04/26/2024 | 04/30/2024 | 0.0670 |
| 03/26/2024 | 03/27/2024 | 03/28/2024 | 0.0670 |
| 02/26/2024 | 02/27/2024 | 02/29/2024 | 0.0670 |
| 01/26/2024 | 01/29/2024 | 01/31/2024 | 0.0670 |
| 12/26/2023 | 12/27/2023 | 12/29/2023 | 0.1019 |
| 11/27/2023 | 11/28/2023 | 11/30/2023 | 0.0670 |
| 10/26/2023 | 10/27/2023 | 10/31/2023 | 0.0670 |
| 09/26/2023 | 09/27/2023 | 09/29/2023 | 0.0670 |
| 08/28/2023 | 08/29/2023 | 08/31/2023 | 0.0670 |
| 07/26/2023 | 07/27/2023 | 07/31/2023 | 0.0670 |
| 06/27/2023 | 06/28/2023 | 06/30/2023 | 0.0670 |
| 05/25/2023 | 05/26/2023 | 05/31/2023 | 0.0670 |
| 04/25/2023 | 04/26/2023 | 04/28/2023 | 0.0670 |
| 03/28/2023 | 03/29/2023 | 03/31/2023 | 0.0670 |
| 02/23/2023 | 02/24/2023 | 02/28/2023 | 0.0670 |
| 01/26/2023 | 01/27/2023 | 01/31/2023 | 0.0670 |
| 12/27/2022 | 12/28/2022 | 12/30/2022 | 0.0670 |
| 11/25/2022 | 11/28/2022 | 11/30/2022 | 0.0670 |
| 10/26/2022 | 10/27/2022 | 10/31/2022 | 0.0670 |
| 09/27/2022 | 09/28/2022 | 09/30/2022 | 0.0670 |
| 08/26/2022 | 08/29/2022 | 08/31/2022 | 0.0670 |
| 07/26/2022 | 07/27/2022 | 07/29/2022 | 0.0670 |
| 06/27/2022 | 06/28/2022 | 06/30/2022 | 0.0670 |
| 05/26/2022 | 05/27/2022 | 05/31/2022 | 0.0670 |
| 04/26/2022 | 04/27/2022 | 04/29/2022 | 0.0670 |
| 03/28/2022 | 03/29/2022 | 03/31/2022 | 0.0670 |
| 02/23/2022 | 02/24/2022 | 02/28/2022 | 0.0670 |
| 01/26/2022 | 01/27/2022 | 01/28/2022 | 0.0670 |
| 12/28/2021 | 12/29/2021 | 12/31/2021 | 0.0670 |
| 12/01/2021 | 12/02/2021 | 12/06/2021 | 0.0670 |
| 10/26/2021 | 10/27/2021 | 10/29/2021 | 0.0670 |
| 09/27/2021 | 09/28/2021 | 09/30/2021 | 0.0670 |
| 08/26/2021 | 08/27/2021 | 08/31/2021 | 0.0670 |
| 07/27/2021 | 07/28/2021 | 07/30/2021 | 0.0670 |
| 06/25/2021 | 06/28/2021 | 06/30/2021 | 0.0670 |
| 05/25/2021 | 05/26/2021 | 05/28/2021 | 0.0670 |
| 04/27/2021 | 04/28/2021 | 04/30/2021 | 0.0670 |
| 03/26/2021 | 03/29/2021 | 03/31/2021 | 0.0670 |
| 02/23/2021 | 02/24/2021 | 02/26/2021 | 0.0670 |
| 01/26/2021 | 01/27/2021 | 01/29/2021 | 0.0670 |
Top 10 Holdings
| Name |
|---|
| 12/26/2024 |
| Date | Account | StockTicker | SecurityName | CUSIP | Shares | Price | MarketValue | Weightings | NetAssets | SharesOutstanding | CreationUnits | MoneyMarketFlag |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/26/2024 | SPRE | ARF AU | Arena REIT | B99K263 | 282,084.00 | 3.93 | 690,430.74 | 0.45 | 151,800,880 | 7,600,000 | 304 | |
| 12/26/2024 | SPRE | AVB | AvalonBay Communities Inc | 053484101 | 76,140.00 | 223.28 | 17,000,539.20 | 11.20 | 151,800,880 | 7,600,000 | 304 | |
| 12/26/2024 | SPRE | AVPGY TI | Avrupakent Gayrimenkul Yatirim Ortakligi AS | BNDY4W9 | 58,612.00 | 55.60 | 92,455.56 | 0.06 | 151,800,880 | 7,600,000 | 304 | |
| 12/26/2024 | SPRE | AXREIT MK | Axis Real Estate Investment Trust | B0CMCL8 | 986,164.00 | 1.73 | 380,223.70 | 0.25 | 151,800,880 | 7,600,000 | 304 | |
| 12/26/2024 | SPRE | AXTRART TB | Axtra Future City Freehold and Leasehold Real Estate Investment Trust | BQTY8K0 | 1,100,590.00 | 12.00 | 386,709.03 | 0.25 | 151,800,880 | 7,600,000 | 304 | |
| 12/26/2024 | SPRE | BWP AU | BWP Trust | 6127453 | 394,228.00 | 3.43 | 842,152.42 | 0.55 | 151,800,880 | 7,600,000 | 304 | |
| 12/26/2024 | SPRE | CHC AU | Charter Hall Group | B15F6S6 | 340,345.00 | 15.07 | 3,194,344.44 | 2.10 | 151,800,880 | 7,600,000 | 304 | |
| 12/26/2024 | SPRE | CPT | Camden Property Trust | 133131102 | 63,793.00 | 116.43 | 7,427,418.99 | 4.89 | 151,800,880 | 7,600,000 | 304 | |
| 12/26/2024 | SPRE | CREIT PM | Citicore Energy REIT Corp | BM8GQ50 | 1,834,638.00 | 3.03 | 95,106.13 | 0.06 | 151,800,880 | 7,600,000 | 304 | |
| 12/26/2024 | SPRE | CUBE | CubeSmart | 229663109 | 162,108.00 | 43.21 | 7,004,686.68 | 4.61 | 151,800,880 | 7,600,000 | 304 | |
| 12/26/2024 | SPRE | DXI AU | Dexus Industria REIT | BP2RQ94 | 152,391.00 | 2.61 | 247,713.08 | 0.16 | 151,800,880 | 7,600,000 | 304 | |
| 12/26/2024 | SPRE | EGP | EastGroup Properties Inc | 277276101 | 34,692.00 | 161.98 | 5,619,410.16 | 3.70 | 151,800,880 | 7,600,000 | 304 | |
| 12/26/2024 | SPRE | ELS | Equity LifeStyle Properties Inc | 29472R108 | 108,309.00 | 67.78 | 7,341,184.02 | 4.84 | 151,800,880 | 7,600,000 | 304 | |
| 12/26/2024 | SPRE | EQIX | Equinix Inc | 29444U700 | 19,711.00 | 950.01 | 18,725,647.11 | 12.34 | 151,800,880 | 7,600,000 | 304 | |
| 12/26/2024 | SPRE | EQR | Equity Residential | 29476L107 | 103,190.00 | 72.22 | 7,452,381.80 | 4.91 | 151,800,880 | 7,600,000 | 304 | |
| 12/26/2024 | SPRE | EUR | EURO | CASHEUR | 1,299.24 | 1.00 | 1,350.24 | 0.00 | 151,800,880 | 7,600,000 | 304 | |
| 12/26/2024 | SPRE | FR | First Industrial Realty Trust Inc | 32054K103 | 92,601.00 | 50.82 | 4,705,982.82 | 3.10 | 151,800,880 | 7,600,000 | 304 | |
| 12/26/2024 | SPRE | GMG AU | Goodman Group | B03FYZ4 | 833,600.00 | 36.53 | 18,965,159.28 | 12.49 | 151,800,880 | 7,600,000 | 304 | |
| 12/26/2024 | SPRE | IGBREIT MK | IGB Real Estate Investment Trust | B89JCF2 | 1,008,019.00 | 2.15 | 483,004.42 | 0.32 | 151,800,880 | 7,600,000 | 304 | |
| 12/26/2024 | SPRE | IMPACT TB | IMPACT Growth Real Estate Investment Trust | BRCFFZ1 | 443,998.00 | 10.80 | 140,404.90 | 0.09 | 151,800,880 | 7,600,000 | 304 | |
| 12/26/2024 | SPRE | KZBGY TI | Kizilbuk Gayrimenkul Yatirim Ortakligi AS | BMVFFG8 | 72,627.00 | 23.92 | 49,286.84 | 0.03 | 151,800,880 | 7,600,000 | 304 | |
| 12/26/2024 | SPRE | MAA | Mid-America Apartment Communities Inc | 59522J103 | 48,098.00 | 154.76 | 7,443,646.48 | 4.90 | 151,800,880 | 7,600,000 | 304 | |
| 12/26/2024 | SPRE | MREIT PM | MREIT Inc | BLH17T0 | 787,203.00 | 13.38 | 180,201.47 | 0.12 | 151,800,880 | 7,600,000 | 304 | |
| 12/26/2024 | SPRE | MXN | MEXICAN PESO | CASHMXN | 56,550.65 | 1.00 | 2,803.87 | 0.00 | 151,800,880 | 7,600,000 | 304 | |
| 12/26/2024 | SPRE | OZKGY TI | Ozak Gayrimenkul Yatirim Ortakligi | B72RSM5 | 274,137.00 | 12.74 | 99,085.19 | 0.07 | 151,800,880 | 7,600,000 | 304 | |
| 12/26/2024 | SPRE | PCH | PotlatchDeltic Corp | 737630103 | 50,424.00 | 39.54 | 1,993,764.96 | 1.31 | 151,800,880 | 7,600,000 | 304 | |
| 12/26/2024 | SPRE | PLD | Prologis Inc | 74340W103 | 174,303.00 | 104.70 | 18,249,524.10 | 12.02 | 151,800,880 | 7,600,000 | 304 | |
| 12/26/2024 | SPRE | PREIT SP | Parkway Life Real Estate Investment Trust | B23WXW9 | 296,630.00 | 3.73 | 813,162.75 | 0.54 | 151,800,880 | 7,600,000 | 304 | |
| 12/26/2024 | SPRE | RCR PM | RL Commercial REIT Inc | BLFMKR4 | 3,711,381.00 | 5.85 | 371,455.58 | 0.24 | 151,800,880 | 7,600,000 | 304 | |
| 12/26/2024 | SPRE | REXR | Rexford Industrial Realty Inc | 76169C100 | 154,519.00 | 38.67 | 5,975,249.73 | 3.94 | 151,800,880 | 7,600,000 | 304 | |
| 12/26/2024 | SPRE | RYN | Rayonier Inc | 754907103 | 94,551.00 | 26.43 | 2,498,982.93 | 1.65 | 151,800,880 | 7,600,000 | 304 | |
| 12/26/2024 | SPRE | SITC | SITE Centers Corp | 82981J851 | 32,970.00 | 15.37 | 506,748.90 | 0.33 | 151,800,880 | 7,600,000 | 304 | |
| 12/26/2024 | SPRE | SRVGY TI | Servet Gayrimenkul Yatirim Ortakligi AS | B95JG62 | 10,582.00 | 276.75 | 83,085.85 | 0.05 | 151,800,880 | 7,600,000 | 304 | |
| 12/26/2024 | SPRE | TRGYO TI | Torunlar Gayrimenkul Yatirim Ortakligi AS | B4WW142 | 105,503.00 | 60.45 | 180,939.25 | 0.12 | 151,800,880 | 7,600,000 | 304 | |
| 12/26/2024 | SPRE | TRNO | Terreno Realty Corp | 88146M101 | 69,390.00 | 59.06 | 4,098,173.40 | 2.70 | 151,800,880 | 7,600,000 | 304 | |
| 12/26/2024 | SPRE | WY | Weyerhaeuser Co | 962166104 | 265,861.00 | 28.26 | 7,513,231.86 | 4.95 | 151,800,880 | 7,600,000 | 304 | |
| 12/26/2024 | SPRE | ZRGYO TI | Ziraat Gayrimenkul Yatirim Ortakligi AS | BNG2TV4 | 640,096.00 | 13.30 | 241,528.53 | 0.16 | 151,800,880 | 7,600,000 | 304 | |
| 12/26/2024 | SPRE | Cash&Other | Cash & Other | Cash&Other | 701,624.21 | 1.00 | 701,624.21 | 0.46 | 151,800,880 | 7,600,000 | 304 | Y |
Holdings are subject to change
Interested in the SPRE ETF? Download Documents Here
Investment Case
Prospectus
Summary Prospectus
SAI
Factsheet
ESG White Paper
19a-1 Notice
Annual Report
Semi Annual Report
Fiscal Q1 Holdings
Fiscal Q3 Holdings
Form 8937 2022
Certificate of Sharia Accreditation
Semi-Annual TSR
Proxy Votes
As with all ETFs, Fund shares may be bought and sold in the secondary market at market prices. The market price normally should approximate the Fund’s net asset value per share (NAV), but the market price sometimes may be higher or lower than the NAV. The Fund is new with a limited operating history.
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.