SP Funds S&P World (ex-US) ETF

Frequently Asked Questions About SPWO

What does SPWO invest in?

This ETF tracks the Shariah World Index, an benchmark comprising businesses located in developed and emerging international markets, specifically outside of the United States. These companies are meticulously evaluated through a rules-based process to ensure their compliance with Shariah investment principles. To promote a balanced allocation and diversification among its constituents, the index applies a weighting cap to individual companies. However, the fund itself is categorized as non-diversified.

What is the expense ratio of SPWO?

SP Funds S&P World (ex-US) ETF (SPWO) charges an expense ratio of 0.55%. This is the annual fee deducted from fund assets to cover management and operations.

How big is SPWO?

SP Funds S&P World (ex-US) ETF (SPWO) manages $243.3M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is SPWO actively managed or an index fund?

SPWO is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (SPWO's is 0.55%) in exchange for the discretion to over- or under-weight positions.

When was SPWO launched?

SP Funds S&P World (ex-US) ETF (SPWO) launched in December 2023 and is managed by SP Funds.

How has SPWO performed?

SPWO's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.