ETF profile for SP Funds Dow Jones Global Sukuk ETF (SPSK) from the issuer: top holdings, net assets, expense ratio and shares outstanding.
SPSK ETF Profile
| Family: |
SPFunds |
| Name: |
SP Funds Dow Jones Global Sukuk ETF |
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| Inception Date: |
30-Dec-2019 |
| Termination Date: |
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| Investment Objective: |
The SP Funds Dow Jones Global Sukuk ETF (the Fund or the Sukuk ETF ) seeks to track the performance, before fees andexpenses, of the Dow Jones Sukuk Total Return (ex Reinvestment) Index (the Index or the Sukuk Index ). The Index includes U.S. dollar-denominated investment-grade sukuk, which are financial certificates, similar to bonds, issuedin the global markets and structured to comply with Islamic religious law commonly known as Sharia and its investment principles. Unlike conventional bonds, sukuk are based on a variety of contracts to create financial obligations, and the returns to investorsare considered to be profit sharing, not interest. Issuers of sukuk may include international financial institutions, foreigngovernments (including in emerging markets), and foreign government agencies or instrumentalities that issue sukuk througha secondary issuing vehicle such as a trust. Sharia has certain restrictions regarding finance and commercial activities, includinginterest restrictions and prohibited industries and only sukuk, as screened by Thomson Reuters, is eligible for the Index. TheFund considers emerging market countries to be those countries included in the MSCI Emerging Markets Index. |
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| Prospectus |
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| Top 10 Holdings |
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Top 10 Holdings Weight: |
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| Number of Holdings: |
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| Shares Outstanding: |
27,750,000 |
| Total Net Assets: |
486,457,504 |
| NAV: |
17.53 |
| Net Expense Ratio: |
0.50% |
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| Asset Class: |
Bonds |
| Developed or Emerging: |
Funds Combining Developed & Emerging Exposure |
| Country: |
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| Region: |
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| Strategy: |
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| Currency: |
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| Commodity: |
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| Sector: |
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| Industry: |
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| Dividend Type: |
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| Tax Exempt State: |
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| Maturity Duration: |
Fund Holds All Maturity Ranges |
| Market Cap: |
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| Credit Quality: |
Investment Grade Only |
| Mortgage Bond Types: |
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| Bond Type: |
Broad Market |
| Gov't Bond Types: |
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| Reit Type: |
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| Leverage Direction/Factor: |
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| Is Currency Hedged: |
No |
| US or Ex-US: |
Global |
