NVIDIA

Apple

Microsoft

Amazon

Alphabet

Tesla

Broadcom

Eli Lilly

SP Funds S&P 500 Sharia Industry Exclusions ETF

SPUS tracks a market-cap weighted index of S&P 500 stocks that are Sharia-compliant.

SPUS tracks the S&P 500 Shariah Industry Exclusions Index, selecting large-cap companies meeting specific screens related to how they derive net income. Fees are 0.45% and AUM is $575 million. SPUS also screens constituents for debt, and the fund ranks an impressive #18/57 on profitability among the large-cap growth ETFs I track. High quality is SPUS' best fundamental feature. The downside is SPUS is highly concentrated, with 47% allocated to Magnificent Seven stocks and two-thirds of assets in only 25 companies.

SPUS: Shariah Exclusions ETF With Nearly 50% Allocated To The Magnificent 7

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The Federal Reserve kept rates steady and maintained a hawkish stance toward inflation while acknowledging an outstanding economy and progress in vanquishing inflationary pressure. Expectations for rate cuts in March were dampened by a change in statement language and Powell's comments in the press conference.

January FOMC Meeting Review: The 'Fed-Amental' Attribution Error

SPUS tracks the S&P 500 Shariah Industry Exclusions Index. Fees are high at 0.45%, but it's been the top-performing ESG since its December 2019 launch. The primary reason is a screening and weighting process that favors high-valued Technology stocks. Debt is measured as a percentage of market capitalization, and securities are market-cap-weighted. This process allows semiconductor stocks like Nvidia and Broadcom, where competitors like HLAL, which measure debt as a percentage of total assets, exclude them.

SPUS: Shariah ESG ETF Powered By 46% Tech Beat The Market

News for SP Funds S&P 500 Sharia Industry Exclusions ETF ETF (SPUS)