Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
6.8%
1 yr return
29.1%
3 Yr Avg Return
10.6%
5 Yr Avg Return
N/A
Net Assets
$460 M
Holdings in Top 10
51.0%
Expense Ratio 0.45%
Front Load N/A
Deferred Load N/A
Turnover 18.00%
Redemption Fee N/A
Standard (Taxable)
N/A
IRA
N/A
Fund Type
Exchange Traded Fund
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The Fund uses a “passive management” (or indexing) approach to track the performance, before fees and expenses, of the Index.
The Index is composed of the constituents of the S&P 500 Shariah Index other than those from the following sub-industries: Aerospace & Defense, Financial Exchanges & Data, and Data Processing & Outsourced Services. The S&P 500 Shariah Index includes all Sharia-compliant constituents of the S&P 500 Index, which consists of approximately 500 leading U.S.- listed companies representing approximately 80% of the U.S. equity market capitalization. Islamic religious law, commonly known as “Sharia,” has certain restrictions regarding finance and commercial activities permitted for Muslims, including interest restrictions and prohibited industries. Constituents of the S&P 500 Shariah Index have been screened for non- compliant business activities (companies that offer products and services that are not compliant with Sharia law such as gambling, alcohol or tobacco) and compliance with certain accounting-based financial ratios (companies must satisfy financial ratios governing leverage, cash, and the share of revenues derived from non-compliant activities).
The Index was co-developed in 2019 by S&P Dow Jones Indices LLC (the “Index Provider”), a division of S&P Global, and ShariaPortfolio, Inc. (“ShariaPortfolio” or, the “Sub-Adviser”), the Fund’s sub-adviser, and is owned and administered by the Index Provider.
The Index is rebalanced and reconstituted monthly and weighted based on the float-adjusted market capitalization of each constituent. As of February 29 2024, the Index was composed of 260 constituents.
The Fund’s Investment Strategy
The Fund attempts to invest all, or substantially all, of its assets in the component securities that make up the Index. Under normal circumstances, at least 80% of the Fund’s total assets will be invested in the component securities of the Index. The Fund’s investment adviser expects that, over time, the correlation between the Fund’s performance and that of the Index, before fees and expenses, will be 95% or better.
The Fund will generally use a “replication” strategy to achieve its investment objective, meaning it generally will invest in all of the component securities of the Index. However, the Fund may use a “representative sampling” strategy, meaning it may invest in a sample of the securities in the Index whose risk, return and other characteristics closely resemble the risk, return and other characteristics of the Index as a whole, when the Fund’s investment adviser believes it is in the best interests of the Fund (e.g., when replicating the Index involves practical difficulties or substantial costs, an Index constituent becomes temporarily illiquid, unavailable, or less liquid, or as a result of legal restrictions or limitations that apply to the Fund but not to the Index).
The Fund generally may invest up to 20% of its total assets in Sharia-compliant securities or other Sharia-compliant investments not included in the Index, but which the Fund’s investment adviser believes will help the Fund track the Index. For example, the Fund may invest in Sharia-compliant securities that are not components of the Index to reflect various corporate actions and other changes to the Index (such as reconstitutions, additions, and deletions). Each investment made by the Fund is pre-screened and approved as Sharia-compliant before investment by the Fund.
To the extent the Index concentrates (i.e., holds more than 25% of its total assets) in the securities of a particular industry or group of related industries, the Fund will concentrate its investments to approximately the same extent as the Index. The Fund is deemed to be “non-diversified,” which means that it may invest a greater percentage of its assets in the securities of a single issuer or a small number of issuers than if it was a diversified fund.
Period | SPUS Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.8% | -17.6% | 19.3% | 57.87% |
1 Yr | 29.1% | -19.9% | 65.1% | 64.88% |
3 Yr | 10.6%* | -30.8% | 22.1% | 1.94% |
5 Yr | N/A* | -16.0% | 27.9% | 63.66% |
10 Yr | N/A* | -5.6% | 18.6% | 78.91% |
* Annualized
Period | SPUS Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 32.9% | -74.1% | 72.4% | 48.88% |
2022 | -23.6% | -85.9% | 4.7% | 9.75% |
2021 | 34.2% | -52.4% | 60.5% | 0.80% |
2020 | 24.1% | -34.3% | 145.0% | 58.33% |
2019 | N/A | -21.8% | 49.4% | N/A |
Period | SPUS Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.8% | -17.6% | 19.3% | 57.87% |
1 Yr | 29.1% | -19.9% | 65.1% | 64.88% |
3 Yr | 10.6%* | -30.8% | 22.1% | 1.94% |
5 Yr | N/A* | -16.0% | 27.9% | N/A |
10 Yr | N/A* | -5.6% | 18.6% | N/A |
* Annualized
Period | SPUS Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 34.2% | -4.6% | 72.4% | 62.72% |
2022 | -22.8% | -61.7% | 5.6% | 17.38% |
2021 | 35.9% | -39.8% | 118.1% | 0.89% |
2020 | 25.7% | 2.8% | 149.2% | 82.24% |
2019 | N/A | -5.2% | 49.4% | N/A |
SPUS | Category Low | Category High | SPUS % Rank | |
---|---|---|---|---|
Net Assets | 460 M | 242 K | 269 B | 66.24% |
Number of Holdings | 204 | 1 | 3217 | 11.54% |
Net Assets in Top 10 | 180 M | 104 K | 111 B | 68.42% |
Weighting of Top 10 | 51.03% | 0.7% | 205.0% | 43.15% |
Weighting | Return Low | Return High | SPUS % Rank | |
---|---|---|---|---|
Stocks | 99.78% | 0.00% | 130.05% | 13.33% |
Cash | 0.22% | -1.50% | 173.52% | 82.09% |
Preferred Stocks | 0.00% | 0.00% | 7.84% | 56.20% |
Other | 0.00% | -43.49% | 50.04% | 58.83% |
Convertible Bonds | 0.00% | 0.00% | 1.94% | 49.06% |
Bonds | 0.00% | 0.00% | 104.15% | 51.53% |
Weighting | Return Low | Return High | SPUS % Rank | |
---|---|---|---|---|
Technology | 39.40% | 0.00% | 65.70% | 31.63% |
Healthcare | 16.72% | 0.00% | 39.76% | 18.28% |
Consumer Cyclical | 10.05% | 0.00% | 62.57% | 85.80% |
Communication Services | 9.34% | 0.00% | 66.40% | 62.59% |
Industrials | 6.88% | 0.00% | 30.65% | 43.37% |
Consumer Defense | 6.55% | 0.00% | 25.50% | 14.37% |
Energy | 5.66% | 0.00% | 41.09% | 7.31% |
Basic Materials | 3.18% | 0.00% | 18.91% | 15.05% |
Real Estate | 2.22% | 0.00% | 16.05% | 25.85% |
Utilities | 0.00% | 0.00% | 16.07% | 64.12% |
Financial Services | 0.00% | 0.00% | 43.06% | 99.23% |
Weighting | Return Low | Return High | SPUS % Rank | |
---|---|---|---|---|
US | 99.78% | 0.00% | 130.05% | 10.78% |
Non US | 0.00% | 0.00% | 78.10% | 64.86% |
SPUS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.45% | 0.01% | 19.54% | 90.72% |
Management Fee | 0.45% | 0.00% | 1.50% | 19.61% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 9.58% |
Administrative Fee | N/A | 0.01% | 1.02% | N/A |
SPUS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 8.50% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
SPUS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
SPUS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 18.00% | 0.00% | 316.74% | 21.96% |
SPUS | Category Low | Category High | SPUS % Rank | |
---|---|---|---|---|
Dividend Yield | 0.86% | 0.00% | 28.33% | 25.68% |
SPUS | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annually | Quarterly | Annual |
SPUS | Category Low | Category High | SPUS % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.60% | -6.13% | 3.48% | 3.99% |
SPUS | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.026 | OrdinaryDividend |
Feb 29, 2024 | $0.026 | OrdinaryDividend |
Jan 31, 2024 | $0.026 | OrdinaryDividend |
Dec 29, 2023 | $0.012 | OrdinaryDividend |
Nov 30, 2023 | $0.026 | OrdinaryDividend |
Oct 31, 2023 | $0.026 | OrdinaryDividend |
Sep 29, 2023 | $0.026 | OrdinaryDividend |
Aug 31, 2023 | $0.026 | OrdinaryDividend |
Jul 31, 2023 | $0.026 | OrdinaryDividend |
Jun 30, 2023 | $0.026 | OrdinaryDividend |
May 31, 2023 | $0.026 | OrdinaryDividend |
Apr 28, 2023 | $0.026 | OrdinaryDividend |
Mar 31, 2023 | $0.026 | OrdinaryDividend |
Feb 28, 2023 | $0.026 | OrdinaryDividend |
Jan 31, 2023 | $0.026 | OrdinaryDividend |
Dec 30, 2022 | $0.026 | OrdinaryDividend |
Nov 30, 2022 | $0.026 | OrdinaryDividend |
Oct 31, 2022 | $0.026 | OrdinaryDividend |
Sep 30, 2022 | $0.026 | OrdinaryDividend |
Aug 31, 2022 | $0.026 | OrdinaryDividend |
Jul 29, 2022 | $0.026 | OrdinaryDividend |
Jun 30, 2022 | $0.026 | OrdinaryDividend |
May 31, 2022 | $0.026 | OrdinaryDividend |
Apr 29, 2022 | $0.026 | OrdinaryDividend |
Mar 31, 2022 | $0.026 | OrdinaryDividend |
Feb 28, 2022 | $0.026 | OrdinaryDividend |
Jan 28, 2022 | $0.026 | OrdinaryDividend |
Dec 06, 2021 | $0.026 | OrdinaryDividend |
Dec 31, 2020 | $0.026 | OrdinaryDividend |
Dec 04, 2020 | $0.026 | OrdinaryDividend |
Oct 26, 2020 | $0.024 | OrdinaryDividend |
Sep 28, 2020 | $0.024 | OrdinaryDividend |
Aug 24, 2020 | $0.026 | OrdinaryDividend |
Jul 27, 2020 | $0.026 | OrdinaryDividend |
Jun 29, 2020 | $0.027 | OrdinaryDividend |
May 26, 2020 | $0.026 | OrdinaryDividend |
Apr 27, 2020 | $0.005 | OrdinaryDividend |
Mar 30, 2020 | $0.047 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Dec 17, 2019
2.45
2.5%
Naushad Virji, Chief Executive Officer at ShariaPortfolio, Inc.(“SP Funds”), launched SP Funds in 2014 and ShariaPortfolio Canada, Inc. in 2019. He has also been Chief Executive Officer at Virji Investments, Inc., a registered investment advisor firm, since 2003. Mr. Virji attended the University of Florida where he received a degree in business administration.
Start Date
Tenure
Tenure Rank
Dec 17, 2019
2.45
2.5%
Mr. Ragauss currently serves as Director of Product Management at CSat Investment Advisory, having joined the it in April 2016. Prior to joiningCSat Investment Advisory, Mr. Ragauss was Assistant Vice President at Huntington National Bank (“Huntington”), where he was Product Manager for the Huntington Funds and Huntington Strategy Shares ETFs, a combined fund complex of almost $4 billion in assets under management. At Huntington, he led ETF development bringing to market some of the first actively managed ETFs. Mr. Ragauss joined Huntington in 2010. Mr. Ragauss attended Grand Valley State University where he received his Bachelor of Business Administration in Finance and International Business, as well as a minor in French. He is a member of both the National and West Michigan CFA societies and holds the CFA designation.
Start Date
Tenure
Tenure Rank
Mar 31, 2021
1.17
1.2%
Mr. Venuto is a co-founder and has been the Chief Investment Officer of the Toroso Investments, LLC since 2012. Mr. Venuto is an ETF industry veteran with over a decade of experience in the design and implementation of ETF-based investment strategies. Previously, he was Head of Investments at Global X Funds where he provided portfolio optimization services to institutional clients. Before that, he was Senior Vice President at Horizon Kinetics where his responsibilities included new business development, investment strategy and client and strategic initiatives.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 54.45 | 8.22 | 3.08 |
Dividend Investing Ideas Center
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