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Upturn AI SWOT - About
SP Funds Dow Jones Global Sukuk ETF (SPSK)
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Upturn Advisory Summary
10/24/2025: SPSK (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit 11.06% | Avg. Invested days 76 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  5.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/24/2025 |
Key Highlights
Volume (30-day avg) - | Beta 0.57 | 52 Weeks Range 17.04 - 18.25 | Updated Date 06/30/2025 |
52 Weeks Range 17.04 - 18.25 | Updated Date 06/30/2025 |
Upturn AI SWOT
SP Funds Dow Jones Global Sukuk ETF
ETF Overview
Overview
The SP Funds Dow Jones Global Sukuk ETF (SPRK) seeks to track the performance of the Dow Jones Sukuk Total Return Index, which measures the performance of U.S. dollar-denominated, investment-grade Sukuk (Islamic bonds). It primarily focuses on fixed-income investments adhering to Islamic finance principles.
Reputation and Reliability
SP Funds is a smaller ETF issuer known for offering Sharia-compliant investment products. While not as large as established players like BlackRock or Vanguard, it focuses on a niche market.
Management Expertise
The management team has experience in Sharia-compliant investing and strives to offer competitive ETF investment options. Details about management expertise are limited but within the context of Islamic Finance principles and products.
Investment Objective
Goal
The investment goal of SPRK is to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Dow Jones Sukuk Total Return Index.
Investment Approach and Strategy
Strategy: SPRK aims to track the Dow Jones Sukuk Total Return Index, which represents the global Sukuk market, following a passive investment strategy.
Composition The ETF holds a portfolio of Sukuk bonds, primarily U.S. dollar-denominated and investment-grade, that adhere to Islamic finance principles.
Market Position
Market Share: SPRK holds a small market share within the fixed-income and Islamic finance ETF segments.
Total Net Assets (AUM): 9940000
Competitors
Key Competitors
- HLAL
- SPUS
Competitive Landscape
The market for Sharia-compliant ETFs is relatively niche. SPRK competes with HLAL, which is generally more popular. SPRK's advantage lies in its specific focus on Sukuk, while HLAL has a broader focus on Sharia-compliant equities.
Financial Performance
Historical Performance: Historical performance can be found on financial websites. As this is an ETF which seeks to replicate an index, its performance will largely depend on the composition and movements of the underlying index.
Benchmark Comparison: SPRK's performance should be closely aligned with the Dow Jones Sukuk Total Return Index. Deviations may occur due to expense ratios and tracking errors.
Expense Ratio: 0.59
Liquidity
Average Trading Volume
SPRK's average trading volume is relatively low, which could impact order execution.
Bid-Ask Spread
The bid-ask spread may be wider compared to more liquid ETFs due to its lower trading volume.
Market Dynamics
Market Environment Factors
Economic indicators, interest rate movements, and investor sentiment towards fixed-income and Islamic finance all impact SPRK. Demand for Sharia-compliant investments also plays a role.
Growth Trajectory
Growth depends on the expansion of the global Sukuk market and increased adoption of Islamic finance investment strategies. Any changes to the investment strategy are dependent on changes within the Sukuk market and its investment needs.
Moat and Competitive Advantages
Competitive Edge
SPRK offers a targeted exposure to the global Sukuk market, providing investors with Sharia-compliant fixed-income opportunities. Its strength is its focus on Sukuk, a unique asset class. However, its low AUM and trading volume can be disadvantages. While not superior to competing ETFs, it fulfills a unique investment niche within the Islamic finance space.
Risk Analysis
Volatility
Volatility depends on the Sukuk market, which can be influenced by interest rate risk and credit risk.
Market Risk
Risks include interest rate risk, credit risk associated with the underlying Sukuk, and currency risk as it invests in global markets.
Investor Profile
Ideal Investor Profile
SPRK is suitable for investors seeking Sharia-compliant fixed-income exposure. This includes individuals or institutions interested in ethical investments or those adhering to Islamic financial principles.
Market Risk
SPRK may be suitable for long-term investors seeking diversification with fixed income assets, specifically aligned with Islamic finance principles, within a well-diversified portfolio.
Summary
The SP Funds Dow Jones Global Sukuk ETF (SPRK) offers targeted exposure to the global Sukuk market for investors seeking Sharia-compliant fixed-income investments. It tracks the Dow Jones Sukuk Total Return Index, providing a specific focus on Islamic bonds. While it has lower AUM and trading volume than some competitors, SPRK caters to a niche market of investors following Islamic finance principles. SPRK is a niche ETF which offers the investor, the Islamic bond market, with a relatively lower competitive cost compared to other similar products.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SP Funds website
- ETF.com
- Bloomberg
- Morningstar
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered financial advice. Investment decisions should be made based on individual circumstances and after consulting with a qualified financial advisor. Past performance is not indicative of future results. Market share data is estimated and may vary depending on the source and calculation method.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SP Funds Dow Jones Global Sukuk ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The index includes U.S. dollar-denominated investment-grade sukuk, which are financial certificates, similar to bonds, issued in the global markets and structured to comply with Islamic religious law commonly known as Sharia and its investment principles. The manager 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. It is non-diversified.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.