SPFunds Review

SPUS is the workhorse of American halal investing: roughly 200 S&P 500 companies that pass the S&P 500 Shariah Industry Exclusions Index screens, in a NYSE-listed ETF that has grown to $2.92B in net assets (2026-08-04 fund page). At 0.45% it is among the cheapest halal funds available, with monthly distributions, quarterly purification factors published (Q1 2026: 1.81% of dividends), and per-fund Certificates of Sharia Accreditation. Inception was December 29, 2020; the 30-day SEC yield stood at 0.42% as of 07/31/2026.

SPRE gives halal portfolios their real estate allocation: a NYSE-listed ETF tracking the S&P Global All Equity REIT Shariah Capped Index, holding roughly 30 REITs worldwide that pass both business-activity and leverage screens - a structural filter that excludes the highly-indebted REITs dominating conventional real estate funds. At the 2026-08-04 fund page check it held $221.41M in net assets with a 2.18% 30-day SEC yield at a 0.50% expense ratio, paying monthly distributions. Purification factors are the family's lowest (Q1 2026: 0.52% of dividends), published quarterly.

SPWO completes the halal three-fund portfolio: a NYSE-listed ETF tracking the S&P Developed Markets Ex-US & Emerging Markets 50/50 Shariah Index, spreading roughly 400-500 holdings across dozens of countries as the international sleeve alongside SPUS (US equity) and SPSK (sukuk). At the 2026-08-04 fund page check it held $200.07M in net assets at a 0.45% expense ratio - matching SPUS as the family's cheapest - with monthly distributions and a 0.77% 30-day SEC yield. Quarterly purification factors are published (Q1 2026: 1.55% of dividends) with the standard SP Funds compliance documentation.

SPSK was the first US-listed sukuk ETF (inception December 27, 2019) and remains the cleanest answer to the fixed-income problem in halal portfolios: it tracks the Dow Jones Sukuk Total Return Index, holding investment-grade Islamic certificates whose returns derive from assets rather than interest. At the 2026-08-04 fund page check it held $644.79M in net assets with a 30-day SEC yield of 4.59% - the highest published yield in the SP Funds family - at a 0.50% expense ratio with monthly distributions. No purification is required, per SP Funds' published policy, because sukuk income is not interest.

SPTE is SP Funds' sector bet: the S&P Global 1200 Shariah Information Technology Capped Index in a NYSE-listed ETF, holding roughly 100 technology names across 14 countries - global leaders like Taiwan Semiconductor alongside the US mega-caps. Launched November 30, 2023, it held $216.77M in net assets at the 2026-08-04 fund page check, with a 0.55% expense ratio and monthly distributions. Purification runs are the family's highest (Q1 2026: 2.27% of dividends), published quarterly with a free calculator, and the fund carries its own Certificate of Sharia Accreditation.