Investing · SPFunds
SPFunds SP Funds 2050 Target Date Fund (SPTCX)
Co-Founder & CEO, HalalWallet
Facts are re-verified against SPFunds's published materials; this page updates when the provider's terms, rates, or coverage change.
The SP Funds 2050 Target Date Fund (SPTCX) is a Sharia-compliant fund-of-funds for investors expecting to retire around 2050, built entirely from the five SP Funds ETFs. At the 2026-10-26 holdings snapshot it was growth-tilted: about 36% US large-cap (SPUS), 32% global technology (SPTE), 20% ex-US equity (SPWO), 5% global REITs (SPRE), 5% sukuk (SPSK) and 2% non-interest-bearing cash - effectively the same mix as the 2040 fund. Investor shares launched 6/28/2024 at a 1.33% total expense ratio; institutional shares (SPTOX, 12/18/2024) charge 0.93% with a $50,000 minimum. The fund held roughly $5.9M in total net assets. U.S. News ranked the institutional class first in the Target-Date 2050 category for one-year return to 9/30/2026 (26.49%).
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What is the SPFunds SP Funds 2050 Target Date Fund (SPTCX)?
The SP Funds 2050 Target Date Fund (SPTCX) is a Sharia-compliant fund-of-funds for investors expecting to retire around 2050, built entirely from the five SP Funds ETFs. At the 2026-10-26 holdings snapshot it was growth-tilted: about 36% US large-cap (SPUS), 32% global technology (SPTE), 20% ex-US equity (SPWO), 5% global REITs (SPRE), 5% sukuk (SPSK) and 2% non-interest-bearing cash - effectively the same mix as the 2040 fund.
- Contract structure: Mutual Funds.
- Expense ratio: 1.33% (SPTCX) / 0.93% (SPTOX).
- Available in all 50 states.
- Shariah oversight disclosed: Third-Party Certified.
- HalalWallet Index grade for SPFunds in Investing: A-.
- Verified against SPFunds's published materials on 2026-10-27.
Source: HalalWallet (halalwallet.us)
Key facts
- Structure
- Mutual Funds
- Program type
- Mutual Fund
- Ticker
- SPTCX
- Expense ratio
- 1.33% (SPTCX) / 0.93% (SPTOX)
- Management fee
- 0.45% (unitary fee to ShariaPortfolio, Inc.)
- Minimum investment
- $250 ($50,000 institutional); $25 subsequent
- Screening method
- AAOIFI standards via underlying SP Funds ETFs
- Holdings
- 6 (SPUS, SPTE, SPWO, SPRE, SPSK, cash)
- Assets under management
- $5.94M fund total (2026-10-26)
- Focus
- Target Date / Retirement
- Account types
- Individual, IRA, Roth IRA, Employer retirement plan
- Availability
- all 50 states
- Shariah oversight
- Third-Party Certified
- Last verified
- 2026-10-27
Facts are taken from SPFunds's published product materials and were last verified on 2026-10-27. Fields the provider does not publish are omitted rather than estimated.
Our take
SPTCX is the right idea for a Muslim investor in their 20s or 30s who wants a retirement fund they never have to touch, and its chart-topping first year will draw attention. Read the holdings before buying on that: a third of the fund is global technology, which is where the return came from and where the next drawdown will too. Compliance is inherited cleanly from the SP Funds ETFs, with sukuk standing in for bonds and cash held without interest. The real objection is cost - at 1.33% this is the most expensive wrapper in the SP Funds lineup for an allocation that is 88% equity and, at this horizon, indistinguishable from the 2040 fund. Fine inside a plan menu; outside one, SPUS plus SPWO at 0.45-0.55% does the same job.
Strengths
- Self-rebalancing halal retirement allocation for younger savers in a single mutual fund
- Underlying ETFs each publish Sharia certificates and quarterly purification factors
- Top of its U.S. News category on one-year return (institutional class, to 9/30/2026)
- $250 minimum, waived in IRAs and employer plans
Watch-outs
- 1.33% Investor-class expense ratio - the highest in the SP Funds family and roughly three times the underlying ETFs
- Allocation is nearly identical to the 2040 fund - the extra decade buys no additional equity exposure
- 32% technology weight makes it far more concentrated than a conventional 2050 fund
- Smallest of the three at ~$5.9M with a track record only since mid-2024; no fund-level Shariah certificate
Is the SPFunds SP Funds 2050 Target Date Fund (SPTCX) halal?
SPTCX inherits its compliance from the five SP Funds ETFs it holds. Each is screened to AAOIFI standards (less than 5% impure revenue, interest-bearing debt capped at roughly 30-33% of market cap) and publishes a Certificate of Sharia Accreditation and Sharia Auditor Report; the prospectus states the Adviser engages a third party to certify those affiliated funds. The small fixed-income sleeve is sukuk via SPSK rather than conventional bonds, and the fund's cash does not earn interest. The honest caveat is that there is no fund-level certificate or purification factor - SP Funds publishes purification per ETF, so investors must apply the look-through. The 2050 fund held no gold position at the October 2026 snapshot.
Shariah oversight disclosed by SPFunds
Fund-of-funds holding SP Funds' AAOIFI-screened ETFs; Shariah compliance is certified at the underlying-ETF level by a third party engaged by the Adviser.
HalalWallet reports the Shariah documentation a provider publishes. We do not issue certifications; consult a qualified scholar for a personal ruling.
What you get
- Sharia-compliant target-date fund for a ~2050 retirement - the longest-dated halal TDF available in the US
- Fund-of-funds built solely from SP Funds ETFs: SPUS, SPTE, SPWO, SPRE, SPSK plus non-interest-bearing cash
- Growth-tilted glide path - about 88% equity with a 32% technology weight at the 2026-10-26 snapshot
- Investor shares SPTCX (1.33%, $250 minimum) and Institutional shares SPTOX (0.93%, $50,000 minimum)
- Institutional class ranked #1 in U.S. News Target-Date 2050 for 1-year return to 9/30/2026
- Managed by Naushad Virji at ShariaPortfolio, Inc.; distributed by Foreside Fund Services
Cost and terms
Total annual operating expenses 1.33% for Investor shares (SPTCX): 0.45% unitary management fee + 0.25% 12b-1 fee + acquired fund fees from the underlying SP Funds ETFs. Institutional shares (SPTOX) 0.93% with no 12b-1 fee. Minimum initial investment $250 Investor / $50,000 Institutional, $25 subsequent; minimums may be waived in employer plans and IRAs. No sales load. (sp-funds.com fund page and SP Funds Trust prospectus, verified 2026-10-27.)
How it compares
Other investing providers we list in the U.S., ordered by HalalWallet Index grade.
| Product | Structure | Shariah oversight | Availability | Grade |
|---|---|---|---|---|
| SPFunds SP Funds 2050 Target Date Fund (SPTCX) (this page) | Mutual Funds | Third-Party Certified | all 50 states | A- |
| Amana Participation Fund (AMAPX) | Mutual Funds | Third-Party Certified | all 50 states | Not graded |
| Manzil Trading (Self-Directed Halal Stock Trading) | Self-directed brokerage with real-time AAOIFI screening (Zoya) | Formal Board | all 50 states | A |
| ShariaPortfolio Express | Wealth Management | Named Scholar | all 50 states | B |
| Wahed FTSE USA Shariah ETF | Index-based | Third-Party Certified | all 50 states | B |
Other SPFunds products
- SP Funds S&P Global REIT Shariah ETF
Investing · Index-based
- SP Funds S&P World ETF
Investing · Index-based
- SP Funds Dow Jones Global Sukuk ETF
Investing · Index-based
- SP Funds S&P 500 Shariah Industry Exclusions ETF
Investing · Index-based
- SP Funds 2030 Target Date Fund (SPTAX)
Investing · Mutual Funds
- SP Funds 2040 Target Date Fund (SPTBX)
Investing · Mutual Funds
- SP Funds S&P Global Technology ETF
Investing · Index-based
Where it's available
SPFunds lists the SP Funds 2050 Target Date Fund (SPTCX) as available in all 50 states.
Availability may vary by product and can change; verify with SPFunds before applying.
Frequently asked questions
Is the SPFunds SP Funds 2050 Target Date Fund (SPTCX) halal?
SPTCX inherits its compliance from the five SP Funds ETFs it holds. Each is screened to AAOIFI standards (less than 5% impure revenue, interest-bearing debt capped at roughly 30-33% of market cap) and publishes a Certificate of Sharia Accreditation and Sharia Auditor Report; the prospectus states the Adviser engages a third party to certify those affiliated funds. Contract structure: Mutual Funds. Shariah oversight disclosed by SPFunds: Third-Party Certified. HalalWallet reports what the provider documents; we do not certify products.
How does the SPFunds SP Funds 2050 Target Date Fund (SPTCX) work?
The SP Funds 2050 Target Date Fund (SPTCX) is a Sharia-compliant fund-of-funds for investors expecting to retire around 2050, built entirely from the five SP Funds ETFs. At the 2026-10-26 holdings snapshot it was growth-tilted: about 36% US large-cap (SPUS), 32% global technology (SPTE), 20% ex-US equity (SPWO), 5% global REITs (SPRE), 5% sukuk (SPSK) and 2% non-interest-bearing cash - effectively the same mix as the 2040 fund. 93% with a $50,000 minimum.
What does the SPFunds SP Funds 2050 Target Date Fund (SPTCX) cost?
Total annual operating expenses 1.33% for Investor shares (SPTCX): 0.45% unitary management fee + 0.25% 12b-1 fee + acquired fund fees from the underlying SP Funds ETFs. Institutional shares (SPTOX) 0.93% with no 12b-1 fee. Minimum initial investment $250 Investor / $50,000 Institutional, $25 subsequent; minimums may be waived in employer plans and IRAs. No sales load. (sp-funds.com fund page and SP Funds Trust prospectus, verified 2026-10-27.)
What are the minimums for the SPFunds SP Funds 2050 Target Date Fund (SPTCX)?
As published by SPFunds: minimum investment $250 ($50,000 institutional); $25 subsequent. Confirm current requirements with SPFunds before applying.
Where is the SPFunds SP Funds 2050 Target Date Fund (SPTCX) available?
SPFunds lists this product as available in all 50 states. Availability can change and may differ by state; verify directly with SPFunds.
What are the alternatives to the SPFunds SP Funds 2050 Target Date Fund (SPTCX)?
In the same category we also list Amana Participation Fund (AMAPX), Manzil Trading (Self-Directed Halal Stock Trading) (HalalWallet Index A), ShariaPortfolio Express (HalalWallet Index B). Compare every option side by side on our Halal Investing hub.
When was this SPFunds product information last verified?
HalalWallet last verified the SPFunds SP Funds 2050 Target Date Fund (SPTCX) details against SPFunds's published materials on 2026-10-27. Rates, fees, and availability can change after that date.
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Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-10-27
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