SP Funds S&P Global Technology ETF (SPTE)
ARCA ARCA Primary Summary
SPTE Chart
SP Funds S&P Global Technology ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| WDW William Dudley Webb Jr. WORLD EQUITY GROUP Inc. | 4,752 | $232,032 | $220,112.64 | -$11,919.36 | -5.14% |
 Christopher C. Powers Farther Finance Advisors, LLC | 14,307 | $455,343.89 | $642,956.58 | $187,612.69 | 41.2% |
 Aliredha Walji SHARIAPORTFOLIO, INC. | 590,219 | $13.68M | $26.99M | $13.31M | 97.31% |
 Kevin Bresler TD Waterhouse Canada Inc. | 54,513 | $1.55M | $2.49M | $943,884.8 | 60.89% |
| MWA Merkkuri Wealth Advisors LLC Merkkuri Wealth Advisors LLC | 719 | $24,924 | $32,829.54 | $7,905.54 | 31.72% |
SP Funds S&P Global Technology ETF (SPTE) FAQ
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SP Funds S&P Global Technology ETF Profile
| ARCA Exchange | US Country |
Overview
The S&P Global 1200 Shariah Information Technology Capped Index presents a targeted investment opportunity in the global information technology sector while adhering to Shariah investment principles. It meticulously selects large-cap equity securities worldwide that not only show promising performance but also pass stringent, rules-based Shariah compliance screens. Diversification among companies in the index is ensured through a capping mechanism, and it maintains a non-diversified fund structure to concentrate its investments. A significant portion, at least 80% of the fund's total assets, is committed to the securities that comprise the index, reflecting a focused investment approach under normal circumstances.
Products and Services
- Global Shariah-Compliant IT Equity Investments
The index offers investors access to Shariah-compliant, large-cap equity securities within the information technology sector on a global scale. Through rigorous screening, it ensures that investments adhere to Islamic finance principles, catering to investors seeking ethical investment solutions without compromising on the growth potential offered by the global IT industry.
- Diversification with Capping Strategy
To mitigate risks associated with concentration in a few large companies, the index applies a capping mechanism. This ensures no single company's performance disproportionately affects the overall index, aiming for a more balanced and diversified investment portfolio within the Shariah-compliant IT sector.
- Non-Diversified Fund Structure
While the index aims for diversification among companies, it operates as a non-diversified fund. This allows it to allocate a larger portion of assets to select securities that strongly align with Shariah principles, potentially enhancing returns by concentrating investments in fewer, high-conviction picks within the IT sector.
