(SPUS) SP Funds SP500 Sharia - NYSE ARCA
ETF Category: Large Growth | Exchange: NYSE ARCA (USA) | Market Cap: 2.784m USD | Total Return: 32.9% in 12m
Avg Turnover: 30.5M
Warnings
No concerns identified
Tailwinds
Shakeout
The SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) tracks the performance of Sharia-compliant companies within the S&P 500, applying specific ethical filters to the broader index. The fund mandates that at least 80% of its assets are invested in securities that meet Islamic finance principles, which typically prohibit interest-bearing debt and specific prohibited business activities.
This ETF further refines its holdings by excluding the Aerospace & Defense, Financial Exchanges & Data, and Data Processing & Outsourced Services sub-industries. By removing these sectors, the fund eliminates exposure to military contracting and high-leverage financial intermediaries, often resulting in a portfolio heavily weighted toward technology and healthcare companies with low debt-to-equity ratios. You can review more detailed fundamental metrics for these specific sub-industries on ValueRay.
As a non-diversified fund, SPUS may hold larger positions in a smaller number of issuers compared to a broad market index. The management team employs a replication strategy, attempting to invest substantially all assets in the component securities of the underlying Shariah Index to minimize tracking error.
- Technology sector dominance drives performance due to high growth stock concentration
- Sharia compliance screens exclude high-leverage firms during rising interest rate environments
- Exclusion of aerospace and defense sectors limits exposure to geopolitical spending
- Performance correlates heavily with mega-cap US growth company earnings and margins
- Market volatility impacts non-diversified portfolio more than broad S&P 500 benchmarks
As of June 11, 2026, the stock is trading at USD 56.51 with a total of 1,021,211 shares traded.
Over the past week, the price has changed by -5.04%,
over one month by -0.01%,
over three months by +12.22% and
over the past year by +32.85%.
SP Funds SP500 Sharia has no consensus analysts rating.