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SPTE - ETF AI Analysis
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SP Funds S&P Global Technology ETF (SPTE)
Rating:69Neutral
Price Target:―
Positive Factors
Leading Global Tech Names
The ETF’s largest positions include many of the world’s most established technology companies, which have historically driven much of the sector’s growth.
Strong Contributors Among Top Holdings
Several key holdings, such as TSMC, ASML, Tokyo Electron, Advantest, and Micron, have shown strong recent performance, helping support the fund’s overall returns.
Global Technology Exposure
While the fund is mostly U.S.-focused, it also holds meaningful positions in companies from Europe and Asia, giving investors access to major international tech leaders.
Negative Factors
High Concentration in a Few Stocks
A large share of the portfolio is tied up in a small number of mega-cap tech names, which increases the impact if any of these companies struggle.
Heavy Single-Sector Risk
With almost all assets in the technology sector, the ETF is highly sensitive to downturns or volatility in tech stocks.
Relatively High Expense Ratio
The fund’s expense ratio is on the higher side for an ETF, which means more of the returns are used to cover fees instead of staying with investors.
SPTE vs. SPDR S&P 500 ETF (SPY)
AUM99.17M
RegionGlobal
Expense Ratio0.55%
Beta1.45
IssuerSP Funds
Inception DateDec 01, 2023
Dividend Yield0.92%
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. Volume34,458
30 Day Avg. Volume21,765
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
44.36Price 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 a fund that follows the S&P Global 1200 Shariah Information Technology Index, focusing on tech companies around the world, mainly in the U.S. It holds many well-known names such as Apple, Microsoft, Nvidia, and TSMC, along with other major chip and software makers. Someone might invest in this ETF to seek long-term growth from the global technology sector while getting diversification across many leading tech firms in one investment. A key risk is that it is heavily concentrated in technology stocks, so its price can rise and fall sharply with the tech sector.
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
SPTE is riding the global tech wave with a heavy tilt toward a few giants, and the story is mixed. TSMC and ASML are the clear engines of growth right now, with Micron and other chip names adding extra horsepower. On the flip side, Apple and Microsoft have been losing steam, while Nvidia and Broadcom feel more sideways than soaring, occasionally tugging on returns. The fund is firmly anchored in technology, especially semiconductors, and spreads its bets across the U.S., Europe, and Asia rather than staying home in one market.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| TSMC | 10.90% | $10.55M | $1.46T | 63.13% | 81 Outperform | |
| Nvidia | 10.67% | $10.34M | $4.64T | 59.18% | 76 Outperform | |
| Apple | 10.37% | $10.04M | $3.81T | 9.44% | 79 Outperform | |
| Microsoft | 9.37% | $9.08M | $3.20T | 4.44% | 79 Outperform | |
| ASML Holding NV | 7.00% | $6.78M | €464.34B | 67.81% | 76 Outperform | |
| Broadcom | 4.55% | $4.41M | $1.57T | 49.47% | 76 Outperform | |
| SAP AG | 2.86% | $2.77M | $230.20B | -28.33% | 69 Neutral | |
| Advantest | 1.87% | $1.81M | $120.60B | 198.93% | 59 Neutral | |
| Tokyo Electron | 1.86% | $1.80M | $122.30B | 64.36% | 68 Neutral | |
| Micron | 1.69% | $1.64M | $466.95B | 377.63% | 79 Outperform |
SPTE Technical Analysis
Positive
―
Price Trends
35.51
Positive
35.13
Positive
32.30
Positive
Market Momentum
0.55
Negative
52.89
Neutral
59.12
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 36.59, equal to the 50-day MA of 35.51, and equal to the 200-day MA of 32.30, indicating a bullish trend. The MACD of 0.55 indicates Negative momentum. The RSI at 52.89 is Neutral, neither overbought nor oversold. The STOCH value of 59.12 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
Performance Comparison
SPTE
SP Funds S&P Global Technology ETF
36.73
9.05
32.70%
TEK
iShares Technology Opportunities Active ETF
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WQTM
WisdomTree Quantum Computing Fund
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CHPX
Global X AI Semiconductor & Quantum ETF
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GGTL
Gabelli Global Technology Leaders ETF
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DAT
ProShares Big Data Refiners ETF
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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.
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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