SPRE - ETF AI Analysis
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SP Funds S&P Global REIT Sharia ETF (SPRE)
Rating:62Neutral
Price Target:―
Positive Factors
Strong Recent Performance
The ETF has shown solid gains so far this year and in recent months, indicating positive momentum in its underlying real estate holdings.
Leading REIT Holdings
Several of the largest positions, such as Equinix, Prologis, and Welltower, have delivered strong year-to-date results, helping drive the fund’s overall performance.
Global Real Estate Exposure
Holdings across the U.S. and Australia provide access to major global real estate markets rather than relying on a single country.
Negative Factors
High Sector Concentration
With almost all assets in real estate, the ETF is heavily exposed to downturns in the property market and related economic cycles.
Top Holdings Concentration Risk
A small number of REITs make up a large portion of the portfolio, so weakness in these names could significantly impact returns.
Moderately High Expense Ratio
The fund’s expense ratio is on the higher side for an ETF, which can gradually reduce net returns for long-term investors.
SPRE vs. SPDR S&P 500 ETF (SPY)
AUM212.83M
RegionGlobal
Expense Ratio0.50%
Beta0.57
IssuerSP Funds
Inception DateDec 30, 2020
Dividend Yield3.78%
Asset ClassEquity
Index TrackedS&P Global All Equity REIT Shariah Capped Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume66,767
30 Day Avg. Volume81,109
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
23.87Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering15
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
SPRE Summary
SP Funds S&P Global REIT Sharia ETF (SPRE) is a fund that invests in real estate companies around the world while following Islamic (Sharia) principles. It tracks the S&P Global All Equity REIT Shariah Capped Index, focusing mainly on Real Estate Investment Trusts (REITs). Well-known holdings include Equinix and Prologis, which own data centers and logistics properties. Investors might consider SPRE for diversified exposure to global real estate with an ethical or faith-based approach. A key risk is that real estate values and REIT prices can go up and down with interest rates and the overall property market.
How much will it cost me?The SP Funds S&P Global REIT Sharia ETF (SPRE) has an expense ratio of 0.5%, which means you’ll pay $5 per year for every $1,000 invested. This is higher than average for ETFs because it is actively managed and focuses on a niche area, adhering to Sharia principles while targeting global REITs.
What would affect this ETF?The SPRE ETF, focused on global real estate and Sharia-compliant REITs, could benefit from rising demand for real estate investments driven by urbanization and population growth, as well as increased interest in ethical investing. However, it may face challenges from higher interest rates, which can increase borrowing costs for REITs, and economic slowdowns that could negatively impact property values and rental income. Its global exposure also means it could be affected by regional economic or regulatory changes.
SPRE Top 10 Holdings
SPRE is very much a real estate story, with its top names clustered in global REITs and a notable tilt toward logistics and data-focused landlords. Prologis, Welltower, and EastGroup are doing the heavy lifting, with steady-to-rising share prices helping keep the fund’s momentum intact. Equinix has been a key bright spot over the longer stretch, even if it’s cooled a bit lately. On the flip side, Goodman Group and Charter Hall in Australia have been losing steam, acting as a drag in this otherwise globally diversified, property-heavy lineup.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Goodman Group | 12.74% | $27.11M | AU$64.41B | 0.86% | 54 Neutral | |
| Equinix | 12.24% | $26.05M | $107.72B | 23.71% | 73 Outperform | |
| Prologis | 12.06% | $25.67M | $133.80B | 32.97% | 76 Outperform | |
| Welltower | 11.67% | $24.84M | $145.88B | 36.64% | 77 Outperform | |
| Charter Hall Group | 5.64% | $12.00M | $7.72B | 45.74% | 66 Neutral | |
| Weyerhaeuser | 5.10% | $10.86M | $17.54B | -7.10% | 66 Neutral | |
| Rayonier | 5.02% | $10.69M | $6.34B | -7.17% | 72 Outperform | |
| Mid-America Apartment | 4.99% | $10.63M | $15.81B | -10.81% | 71 Outperform | |
| Equity Lifestyle | 4.84% | $10.29M | $12.46B | -0.97% | 70 Outperform | |
| Sun Communities | 4.76% | $10.14M | $14.60B | -6.07% | 66 Neutral |
SPRE Technical Analysis
Positive
―
Price Trends
21.04
Positive
20.56
Positive
19.82
Positive
Market Momentum
0.10
Negative
52.30
Neutral
82.70
Negative
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For SPRE, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 21.11, equal to the 50-day MA of 21.04, and equal to the 200-day MA of 19.82, indicating a bullish trend. The MACD of 0.10 indicates Negative momentum. The RSI at 52.30 is Neutral, neither overbought nor oversold. The STOCH value of 82.70 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SPRE.
SPRE Peer Comparison
Comparison Results
Performance Comparison
SPRE
SP Funds S&P Global REIT Sharia ETF
21.20
2.25
11.87%
AVRE
Avantis Real Estate ETF
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―
―
VGSR
Vert Global Sustainable Real Estate ETF
―
―
―
CSRE
Cohen & Steers Real Estate Active ETF
―
―
―
GQRE
FlexShares Global Quality Real Estate Index Fund
―
―
―
SRET
Global X SuperDividend REIT ETF
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―
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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