SPRE - ETF AI Analysis

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SP Funds S&P Global REIT Sharia ETF (SPRE)

Rating:68Neutral

Price Target:―

The SPRE ETF, which focuses on global REITs, has a solid overall rating driven by strong contributions from holdings like Prologis (PLD) and Welltower (WELL). Prologis benefits from strategic growth and robust leasing activity, while Welltower excels in the senior housing sector with stable momentum and leadership. However, weaker performance from Goodman Group (AU:GMG), which faces challenges in revenue growth and bearish momentum, slightly weighs on the fund's rating. A key risk for this ETF is its concentration in the real estate sector, which could make it sensitive to market conditions affecting this industry.

Positive Factors

Strong Performing Holdings

Several top holdings, such as Prologis and Welltower, have delivered strong year-to-date gains, supporting the ETF's overall performance.

Low Expense Ratio

The ETF's expense ratio of 0.5% is relatively low, making it cost-effective for investors compared to actively managed funds.

Global Exposure

The ETF includes international holdings like Goodman Group in Australia, providing some diversification beyond U.S. markets.

Negative Factors

Sector Concentration

The ETF is heavily concentrated in the real estate sector, which increases vulnerability to downturns in this specific industry.

Underperforming Holdings

Several holdings, including Equinix and Weyerhaeuser, have lagged year-to-date, potentially dragging on overall returns.

Geographic Overweight in U.S.

With over 84% of assets in U.S.-based companies, the fund is highly exposed to domestic market risks.

SPRE vs. SPDR S&P 500 ETF (SPY)

AUM187.35M

RegionGlobal

Expense Ratio0.50%

Beta0.58

IssuerSP Funds

Inception DateDec 30, 2020

Dividend Yield4.06%

Asset ClassEquity

Index TrackedS&P Global All Equity REIT Shariah Capped Index

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume66,135

30 Day Avg. Volume58,110

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

22.22

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering18

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

SPRE Summary

The SP Funds S&P Global REIT Sharia ETF (SPRE) is an investment fund that focuses on Real Estate Investment Trusts (REITs) around the world while following Sharia principles. It tracks the S&P Global REIT Shariah Index, offering exposure to high-quality real estate assets globally, with most of its holdings in the U.S. and Australia. Some well-known companies in the fund include Prologis and Equinix. Investors might consider SPRE for diversification and ethical investing in the stable real estate market. However, new investors should know that the ETF’s performance is closely tied to the real estate sector, which can be affected by economic cycles.

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

The SP Funds S&P Global REIT Sharia ETF is heavily concentrated in the real estate sector, with Prologis and Welltower leading the charge thanks to steady leasing activity and strategic growth in senior housing, respectively. However, Goodman Group and Equinix are dragging the fund with bearish momentum and valuation concerns, reflecting broader challenges in the global REIT space. Charter Hall Group offers a bright spot with impressive profitability and low leverage, but caution is warranted due to overbought signals. With its global exposure, the fund provides a diversified yet sector-focused opportunity for ethically-minded investors.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
EQIX	Equinix	12.87%	$23.33M	$76.77B	-13.11%	73 Outperform
GMG	Goodman Group	12.78%	$23.16M	AU$61.75B	-12.97%	54 Neutral
PLD	Prologis	11.91%	$21.59M	$122.09B	23.94%	76 Outperform
WELL	Welltower	11.83%	$21.44M	$127.87B	49.31%	77 Outperform
EGP	Eastgroup Properties	4.84%	$8.77M	$9.81B	18.15%	78 Outperform
CPT	Camden Property	4.83%	$8.76M	$15.71B	2.02%	73 Outperform
AVB	AvalonBay	4.77%	$8.64M	$26.06B	-12.66%	74 Outperform
SUI	Sun Communities	4.76%	$8.63M	$15.52B	4.13%	66 Neutral
MAA	Mid-America Apartment	4.74%	$8.59M	$16.65B	-6.51%	71 Outperform
WY	Weyerhaeuser	4.70%	$8.52M	$17.29B	-12.09%	66 Neutral

SPRE Technical Analysis

Technical Analysis Sentiment

Positive

Last Price―

Price Trends

50DMA

19.39

Positive

100DMA

19.31

Positive

200DMA

19.00

Positive

Market Momentum

MACD

0.09

Negative

RSI

59.98

Neutral

STOCH

54.39

Neutral

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 19.54, equal to the 50-day MA of 19.39, and equal to the 200-day MA of 19.00, indicating a bullish trend. The MACD of 0.09 indicates Negative momentum. The RSI at 59.98 is Neutral, neither overbought nor oversold. The STOCH value of 54.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SPRE.

SPRE Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
SPRE	―	―	$187.35M	0.50%	―
DTCR	―	―	$836.66M	0.50%	―
AVRE	―	―	$679.78M	0.17%	―
VGSR	―	―	$458.29M	0.45%	―
SRET	―	―	$216.76M	0.59%	―
CSRE	―	―	$189.36M	0.70%	―

Performance Comparison

SPRE

SP Funds S&P Global REIT Sharia ETF

19.77

0.99

5.27%

DTCR

Global X Data Center Reits & Digital Infrastructure Etf

―

AVRE

Avantis Real Estate ETF

―

VGSR

Vert Global Sustainable Real Estate ETF

―

SRET

Global X SuperDividend REIT ETF

―

CSRE

Cohen & Steers Real Estate Active ETF

―

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.

Disclaimer

This 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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