SPUS

The SP Funds S&P 500 Sharia Industry Exclusions ETF

The SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) seeks to track the performance, before fees and expenses, of the S&P 500 Sharia Industry Exclusions Index. Gain value-conscious exposure to an S&P 500 ETF composed according to AAOIFI guidelines.

  • Provides Sharia-compliant exposure to the S&P 500 by utilizing an industry exclusion methodology. Excludes companies involved in the following:
    • Alcohol
    • Highly Leveraged Businesses
    • Gambling
    • Interest-based Businesses
    • Weapons
    • Music, Cinema, or Broadcasting
    • Tobacco
    • Defense or Weapons
    • Adult Entertainment
    • Credit Cards
    • Pork Products
  • Provides exposure to companies with low leverage and debt-to-equity ratios below 30%. These resilient companies may be better positioned to weather economic downturns.
  • Offers the potential to outperform the broader market

Fund Details

Inception Date 12/18/2019
Ticker SPUS
Primary Exchange NYSE
CUSIP 886364801
IOPV Symbol SPUS.IV
NAV Symbol SPUS.UV
Expense Ratio 0.49%
30 Day SEC Yield * 0.83%

* As of 09/30/20

Fund Data & Pricing

Net Assets as of 10/29/2020 $31.68m
NAV $22.63
Shares Outstanding 1,400,000
Premium/Discount Percentage 0.86%
Closing Price $22.82
Median 30 Day Spread 0.37%

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 9/30/2020
  AVG. ANNUALIZED
  1 Month 3 Month 6 Month 1 Year 3 Year Since Inception
Fund NAV -4.44% 10.32% 36.25% - - 16.08%
Market Price -4.73% 10.03% 35.36% - - 16.04%
Index -4.23% 10.50% 36.59% - - 15.74%
S&P 500 TR Index -3.80% 8.93% 31.31% - - 6.90%

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 (%) 10.32% 14.38% 16.08%
Market Price (%) 10.03% 14.72% 16.04%
Index 10.50% 14.04% 15.74%
S&P 500 TR 8.93% 5.57% 6.90%

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
March 25, 2020 March 26, 2020 March 30, 2020 0.04690
April 22, 2020 April 23, 2020 April 27, 2020 0.00477
May 20, 2020 May 21, 2020 May 26, 2020 0.02600
June 24, 2020 June 25, 2020 June 29, 2020 0.02658
July 22, 2020 July 23, 2020 July 27, 2020 0.02642
August 19, 2020 August 20, 2020 August 24, 2020 0.02640
September 23, 2020 September 24, 2020 September 28, 2020 0.02600
October 21, 2020 October 22, 2020 October 26, 2020 0.02600

Top 10 Holdings

Percentage Of Net Assets Name Identifier CUSIP Shares Held Market Value
13.23 APPLE INC AAPL 037833100 36347.00 4191536.04
11.06 MICROSOFT CORP MSFT 594918104 17110.00 3502759.20
4.82 FACEBOOK INC FB 30303M102 5436.00 1526591.88
3.34 ALPHABET INC GOOGL 02079K305 679.00 1057121.52
3.28 ALPHABET INC GOOG 02079K107 664.00 1040647.36
2.58 JOHNSON & JOHNSON JNJ 478160104 5953.00 816692.07
2.44 PROCTER AND GAMBLE CO PG 742718109 5629.00 774381.53
2.29 NVIDIA CORPORATION NVDA 67066G104 1395.00 726739.20
2.07 HOME DEPOT INC HD 437076102 2434.00 656279.42
1.58 ADOBE SYSTEMS INCORPORATED ADBE 00724F101 1084.00 499843.24

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