SPUS: SP FUNDS S&P 500 SHARIA INDUSTRY EXCLUSIONS ETF
What this ETF is trying to do
The SP FUNDS S&P 500 Sharia Industry Exclusions ETF (ticker: SPUS) is an exchange-traded fund designed to follow specific investment rules. It focuses on companies within the S&P 500 that meet Sharia-compliant standards, which means it excludes certain industries. This ETF provides exposure to a variety of large companies while following these specific guidelines.
What the numbers show
The data shows that SPUS has experienced significant growth over different time periods. When looking at the share price alone (the price return), here is how it has performed:
• Year-to-Date (YTD) Price Return: Approximately 18.99%
• One-Year Price Return: Approximately 21.18%
• Three-Year Price Return: Approximately 92.80%
It is important to distinguish between price return and total return. Total return includes both the change in share price and any cash distributions paid out to investors. For SPUS, the total returns are slightly higher than the price returns:
• YTD Total Return: Approximately 19.51%
• One-Year Total Return: Approximately 21.87%
• Three-Year Total Return: Approximately 96.85%
• Five-Year Total Return: Approximately 114.24%
Based on an estimated price from roughly one year ago of $50.15, the current price is $60.77.
Income and distribution explanation
SPUS provides regular cash distributions to investors. The distribution yield is approximately 0.50%. This yield represents the cash paid out relative to the current ETF price. The fund typically pays distributions on a monthly basis, with 12 payments recorded over the last year.
While some investors look for high yields to create income, it is important to remember that a distribution yield is not the same as total return.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.
However, regarding price erosion (the decline in the market price of the shares), the fund has an erosion score of 100, which is labeled as "No price erosion detected." There is no severe erosion-risk flag for this ETF.
Top Holdings
The following are the top holdings in the portfolio (note that this is a partial list):
• NVIDIA CORP: 14.26%
• APPLE INC: 12.30%
• MICROSOFT CORP: 9.72%
• ALPHABET INC CLASS A: 5.05%
• BROADCOM INC: 4.17%
• MICRON TECHNOLOGY INC: 3.16%
• ADVANCED MICRO DEVICES INC: 2.56%
• TESLA INC: 2.55%
• ELI LILLY AND CO: 2.35%
• EXXONMOBIL HOLDINGS CORP: 1.72%
Holdings can change over time. This data was updated as of October 12, 2026.
Pros
• Strong historical total returns over one, three, and five years.
• No detected price erosion based on the current erosion score.
• Provides monthly distribution frequency.
Cons
• The distribution yield is relatively low (0.50%) compared to high-income funds.
• The portfolio is concentrated in a few large technology companies.
Beginner takeaway
SPUS is an ETF that tracks Sharia-compliant companies in the S&P 500. It has shown strong price and total returns over the last several years. While it pays monthly distributions, the yield is modest. Investors should understand that total return includes both price changes and these distributions.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | NVIDIA CORP | NVDA | 14.26% |
| 2 | APPLE INC | AAPL | 12.30% |
| 3 | MICROSOFT CORP | MSFT | 9.72% |
| 4 | ALPHABET INC CLASS A | GOOGL | 5.05% |
| 5 | BROADCOM INC | AVGO | 4.17% |
| 6 | MICRON TECHNOLOGY INC | MU | 3.16% |
| 7 | ADVANCED MICRO DEVICES INC | AMD | 2.56% |
| 8 | TESLA INC | TSLA | 2.55% |
| 9 | ELI LILLY AND CO | LLY | 2.35% |
| 10 | EXXONMOBIL HOLDINGS CORP | XOM | 1.72% |