SPSK

The SP Funds Dow Jones Global Sukuk ETF

SPSK seeks to track the performance, before fees and expenses, of the Dow Jones Sukuk Total Return Index.

  • Offers potential diversification benefits for fixed income investors.
  • Sharia-compliant: composed in accordance with Islamic law.
  • Alternative risk profile: SPSK may offer investors decreased exposure to duration risk and interest rate risk.

Fund Details

Inception Date 12/30/2019
Ticker SPSK
Primary Exchange NYSE
CUSIP 886364702
IOPV Symbol SPSK.IV
NAV Symbol SPSK.NV
Expense Ratio 0.65%
30 Day SEC Yield * 1.14%

* As of 09/30/20

Fund Data & Pricing

Net Assets as of 10/29/2020 $29.86m
NAV $20.25
Shares Outstanding 1,475,000
Premium/Discount Percentage -0.25%
Closing Price $20.19
Median 30 Day Spread 0.15%

Data as of 10/29/2020

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.

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

Returns as of 09/30/2020
  AVG. ANNUALIZED
  1 Month 3 Month 6 Month 1 Year 3 Year Since Incepection
Fund NAV -0.10% 1.94% 7.70% - - 2.36%
Market Price -0.21% 2.00% 7.65% - - 2.56%
Index -0.05% 2.54% 9.42% - - 5.71%

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.

RETURNS
  QTD Returns as of 09/30/2020 YTD Returns as of 9/30/2020 Inception to 9/30/2020
NAV Return (%) 1.94% 2.44% 2.36%
Market Price (%) 2.00% 2.05% 2.56%
Index 2.54% 5.86% 5.71%

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

EX-Date Record Date Payable Date Amount
April 22, 2020 April 23, 2020 April 27, 2020 0.02900
May 20, 2020 May 21, 2020 May 26, 2020 0.02900
June 24, 2020 June 25, 2020 June 29, 2020 0.04669
July 22, 2020 July 23, 2020 July 27, 2020 0.04722
August 19, 2020 August 20, 2020 August 24, 2020 0.04470
September 23, 2020 September 24, 2020 September 28, 2020 0.04200
October 21, 2020 October 22, 2020 October 26, 2020 0.04200

Top 10 Holdings

Percentage Of Net Assets Name Identifier CUSIP Shares Held Market Value
5.23 KSA SUKUK LTD 3.628% 04/20/2027 BDHSKG3 BDHSKG3 1400000.00 1561477.92
4.14 KSA SUKUK LTD 2.894% 04/20/2022 BDHSKJ6 BDHSKJ6 1200000.00 1237809.11
2.88 KSA SUKUK LTD 2.969% 10/29/2029 BKPTPV7 BKPTPV7 800000.00 859390.75
2.36 KSA SUKUK LTD 4.303% 01/19/2029 BFX3CW6 BFX3CW6 600000.00 704173.84
2.30 PERUSAHAAN PENERBIT SBSN INDON FR 4.55% 032926 4.5 71567RAF3 71567RAF3 600000.00 687942.00
2.30 PERUSAHAAN PENERBIT SBSN INDON FR 4.4% 030128 4.4% 71567RAK2 71567RAK2 600000.00 687537.00
2.27 PERUSAHAAN PENERBIT SBSN INDON 4.325% 25 4.325% 05 71567RAD8 71567RAD8 600000.00 677370.00
2.12 SOQ SUKUK A Q.S.C 3.241% 01/18/2023 B79G9P5 B79G9P5 600000.00 633624.30
2.09 IDB TRUST SERVICES 1.809% 02/26/2025 BL0FH77 BL0FH77 600000.00 623613.93
1.88 PERUSAHAAN PENERBIT SBSN INDON SR GLBL REGS 27 4.1 71567RAH9 71567RAH9 500000.00 562590.00

Data as of 10/30/2020. Holdings are subject to change.