SPTE - ETF AI Analysis

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SP Funds S&P Global Technology ETF (SPTE)

Rating:69Neutral

Price Target:―

The SP Funds S&P Global Technology ETF (SPTE) has a solid overall rating, driven by its strong holdings in leading technology companies. Top contributors include Apple, which benefits from robust profitability and growth potential in services and emerging markets, and TSMC, whose strategic focus on advanced technologies and AI positions it well for future growth. However, weaker holdings like Advantest and Tokyo Electron, which face bearish technical trends and revenue challenges, slightly temper the fund's overall performance. A key risk factor is the ETF's heavy concentration in the technology sector, which may increase vulnerability to industry-specific downturns.

Positive Factors

Strong Top Holdings

Several key positions, including Nvidia, Oracle, and TSMC, have delivered strong year-to-date performance, driving the ETF’s returns.

Global Exposure

The ETF includes holdings from multiple countries outside the U.S., providing some diversification across international markets.

Solid Sector Focus

With over 91% exposure to the technology sector, the ETF benefits from the strong growth trends in tech innovation.

Negative Factors

High Concentration in U.S. Market

Over 81% of the ETF’s geographic exposure is in the U.S., making it vulnerable to domestic market fluctuations.

Sector Overexposure

The ETF is heavily concentrated in technology, which could lead to higher volatility during sector downturns.

Moderate Expense Ratio

The ETF’s expense ratio of 0.55% is higher than some low-cost alternatives, potentially reducing net returns for investors.

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

AUM85.07M

RegionGlobal

Expense Ratio0.55%

Beta1.48

IssuerSP Funds

Inception DateDec 01, 2023

Dividend Yield0.95%

Asset ClassEquity

Index TrackedS&P Global 1200 Shariah Information Technology Capped Index - Benchmark TR Gross

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume11,263

30 Day Avg. Volume18,442

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

42.33

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering88

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

SPTE Summary

The SP Funds S&P Global Technology ETF (SPTE) is an investment fund that focuses on the global technology sector, tracking the S&P Global 1200 Shariah Information Technology Index. It includes well-known companies like Apple and Nvidia, along with other innovative tech leaders. This ETF is ideal for investors who want to benefit from the growth of the technology industry and diversify their portfolio with exposure to global tech companies. However, since it is heavily focused on technology, its performance can be highly sensitive to changes in the tech market, which may lead to significant ups and downs.

How much will it cost me?The SP Funds S&P Global Technology ETF (SPTE) has an expense ratio of 0.55%, which means you’ll pay $5.50 per year for every $1,000 invested. This is slightly higher than the average for passively managed ETFs because it focuses on a specific sector (technology) and follows a specialized index. However, the cost reflects the targeted exposure to global tech companies, including both established leaders and emerging innovators.

What would affect this ETF?The SP Funds S&P Global Technology ETF (SPTE) could benefit from continued innovation and growth in the global technology sector, driven by advancements in artificial intelligence, cloud computing, and semiconductor development, as reflected in its top holdings like Nvidia and TSMC. However, potential risks include regulatory changes targeting big tech companies, global economic slowdowns, or rising interest rates, which could negatively impact the sector's growth and valuations. The ETF's global exposure also makes it sensitive to geopolitical tensions or trade disruptions affecting major tech hubs.

SPTE Top 10 Holdings

The SP Funds S&P Global Technology ETF is riding the wave of global tech innovation, with heavyweights like TSMC and Apple providing steady growth thanks to their leadership in semiconductors and consumer electronics. Nvidia and Microsoft, while benefiting from AI and cloud momentum, have shown mixed signals recently, with Nvidia facing valuation concerns and Microsoft experiencing short-term dips. ASML Holding NV is a bright spot, rising on strong financials and its pivotal role in chip manufacturing. With a clear focus on technology and a global reach, this ETF is concentrated in industry leaders driving the future of tech.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
NVDA	Nvidia	11.16%	$9.50M	$4.63T	39.06%	76 Outperform
MSFT	Microsoft	11.09%	$9.43M	$3.62T	13.28%	79 Outperform
TSM	TSMC	10.71%	$9.11M	$1.25T	50.20%	81 Outperform
AAPL	Apple	10.68%	$9.09M	$4.04T	6.97%	79 Outperform
ASML	ASML Holding NV	5.98%	$5.09M	€343.40B	29.52%	76 Outperform
AVGO	Broadcom	4.97%	$4.23M	$1.67T	45.66%	76 Outperform
SAP	SAP AG	4.02%	$3.42M	$285.42B	-1.44%	69 Neutral
TOELY	Tokyo Electron	1.66%	$1.41M	$100.46B	41.83%	68 Neutral
ATEYY	Advantest	1.64%	$1.39M	$94.61B	119.68%	59 Neutral
XIACY	Xiaomi Corp. Unsponsored ADR Class B	1.42%	$1.21M	$131.41B	14.71%	71 Outperform

SPTE Technical Analysis

Technical Analysis Sentiment

Positive

Last Price―

Price Trends

50DMA

35.07

Positive

100DMA

34.03

Positive

200DMA

31.00

Positive

Market Momentum

MACD

0.04

Negative

RSI

56.67

Neutral

STOCH

69.19

Neutral

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For SPTE, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 35.09, equal to the 50-day MA of 35.07, and equal to the 200-day MA of 31.00, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 56.67 is Neutral, neither overbought nor oversold. The STOCH value of 69.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SPTE.

SPTE Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
SPTE	―	―	$85.07M	0.55%	―
KNCT	―	―	$96.04M	0.40%	―
TEK	―	―	$31.58M	0.75%	―
WQTM	―	―	$16.65M	0.45%	―
CHPX	―	―	$11.47M	0.50%	―
GAST	―	―	$7.27M	0.00%	―

Performance Comparison

SPTE

SP Funds S&P Global Technology ETF

35.47

7.30

25.91%

KNCT

Invesco Next Gen Connectivity Etf

―

TEK

iShares Technology Opportunities Active ETF

―

WQTM

WisdomTree Quantum Computing Fund

―

CHPX

Global X AI Semiconductor & Quantum ETF

―

GAST

Gabelli Asset 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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