SP Funds S&P 500 Sharia Industry Exclusions
ALTAR
Score™
4.7% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
21.7x P/Sales
ratio
3.6x
P/BV
ratio
4.4x Div.
yield
1.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The SP Funds S&P 500 Sharia Industry Exclusions ETF seeks to track the performance, before fees and expenses, of the S&P 500 Sharia Industry Exclusions Index.

FUND BASICS
Category US Equities
Fund Sponsor SP Funds
Website www.sp-funds.com
Inception date Dec 18, 2019
Assets (mns) $16
Currency USD
Expense ratio 49 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 198
Wgt avg mkt cap (mns) $461,252
Large cap (>$10bn) 98.8%
Mid cap ($2-10bn) 1.2%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 10.2 %
APPLE INC 9.8 %
FACEBOOK 3.8 %
ALPHABET INC. CLASS C 3.2 %
ALPHABET INC. CLASS A 3.2 %
JOHNSON & JOHNSON 2.9 %
PROCTER & GAMBLE CO/THE 2.3 %
INTEL CORP 2.1 %
HOME DEPOT INC 1.9 %
EXXON MOBIL CORP 1.9 %
Total 41.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.7 %
IRELAND 2.4 %
BRITAIN 1.1 %
SWITZERLAND 0.3 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
1.0% -- -- -- 1.0%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $21.44
30d moving avg. $20.89
Annualized volatility 0.0%
Short interest (ETF) 5.8%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 23
Turnover 3.1%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $77,140

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the SP Funds S&P 500 Sharia Industry Exclusions ETF based on the alternatives' overlap in portfolio holdings with SPUS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SPUS Expense: 49 bp ALTAR Score™: 4.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SPUS
Ticker Fund
Name
Overlap1
vs SPUS
(%)
Expense
ratio
(bp)
Savings
vs SPUS
(bp)
ALTAR
Score™
(%)
ALTAR
vs SPUS
(%)
OQAL Invesco Russell 1000 Quality Factor ETF 72.9 19 30 6.0 +1.3
IVW iShares S&P 500 Growth 62.3 18 31 4.6 -0.2
SPYG SPDR Portfolio S&P 500 Growth 62.2 4 45 4.7 -0.0
VOOG Vanguard S&P 500 Growth 62.2 15 34 4.6 -0.1
OVOL Invesco Russell 1000 Low Volatility Factor ETF 62.0 19 30 6.6 +1.9
IWY iShares Russell Top 200 Growth 60.1 20 29 4.6 -0.1
IUSG iShares Core U.S. Growth 58.7 4 45 4.7 -0.1
DSI iShares MSCI KLD 400 Social 58.1 25 24 5.3 +0.6
IQSU IQ Candriam ESG US Equity ETF 57.6 9 40 5.4 +0.7
XOUT GraniteShares XOUT US Large Cap 57.2 60 -11 4.8 +0.1
XLG Invesco S&P Top 50 57.0 20 29 4.9 +0.2
VUG Vanguard Growth ETF 56.9 4 45 4.3 -0.5
SPXN ProShares S&P 500 Ex-Financials 56.9 27 22 5.5 +0.7
IWF iShares Russell 1000 Growth 56.8 19 30 4.5 -0.2
VONG Vanguard Russell 1000 Growth 56.8 12 37 4.6 -0.1
OMOM Invesco Russell 1000 Momentum Factor ETF 56.7 19 30 5.8 +1.1
SUSL iShares ESG MSCI USA Leaders 55.8 10 39 5.4 +0.7
USSG Xtrackers MSCI USA ESG Leaders Equity 55.8 10 39 5.4 +0.7
MGK Vanguard Mega Cap 300 Growth 55.5 7 42 4.4 -0.4
HLAL Wahed FTSE USA Shariah 54.3 50 -1 5.3 +0.6

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
SP Funds S&P 500 Sharia Industry Exclusions
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 22.3 %
Divided by: Fwd. P/BV 4.3 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 4.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.46 CATEGORY
AVERAGE
1.56
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.