Key stats
About SP Funds S&P 500 Sharia Industry Exclusions ETF
Expense ratio
0.45%
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Inception date
Dec 18, 2019
SPUS is a passively-managed portfolio of stocks derived from S&P 500 index that are compliant with Sharia law. Eligible constituents are screened for non-compliant business activities (such as gambling, alcohol or tobacco), and must satisfy certain accounting-based financial ratios. As Sharia observes interest restrictions and prohibited industries, SPUS uses an exclusionary screening to form the final composition by excluding those within the following GICS sub-industries: (i) Aerospace and Defense (ii) Financial Exchanges and Data (iiI) Data Processing and Outsourced Services and (iv) Research and Consulting Services. The index is rebalanced and reconstituted monthly and weighted based on market cap of each constituents.
Classification
What's in the fund
Exposure type
Technology Services
Electronic Technology
Health Technology
Stock breakdown by region
SPUS entering the Golden Pocket SPUS or S&P500 is now entering the Golden pocket.
This technically is confirmation of the bullish reversal we have all been waiting for
The Dotted line shows the path if there is a rejection of this Fib golden pocket then the path can be like the one which happened in August where almost same l
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