At a glance
SPTE charges 0.55% a year, above the 0.33% average of the 8 funds most like it (the 8th cheapest of 9). It has $211.3M in assets, the 8th largest of that group; it paid 0.77% of its price in distributions over the past 12 months, monthly. Over the past year it returned +32.3% with distributions reinvested (S&P 500: +11.5%), the best of those 9 funds. Its ten largest positions make up 64.5% of the fund, out of 103 in all.
The short version
SP Funds S&P Global Technology ETF (SPTE) is an index fund. It holds about 100 large technology companies from around the world that pass Shariah (Islamic law) screens, and it tracks the S&P Global 1200 Shariah Information Technology (Sector) Capped Index. As of July 31, 2026, US companies made up 55% of the fund and Taiwanese companies 20%. Its 0.55% expense ratio is well above US tech funds such as XLK at 0.08%.
Price history
The interactive chart needs JavaScript.
SPTE +32.3% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| SPTE official prospectus, to Dec 31, 2025 | — | +26.67% | — | — | — | +31.90% |
| SPTE price data to Oct 27, 2026 | +36.0% | +32.3% | — | — | — | +35.5% |
- Over the year to Oct 27, 2026, SPTE returned +32.3%, 1st of 9 among similar funds.
- Its worst full calendar year was 2025 (+26.5%); its best was 2024 (+33.5%).
- The deepest fall in its price history was 25.5% (Jan 22, 2025 to Apr 8, 2025), recovered by Jun 12, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +36.0% | — |
| 2025 | +26.5% | +26.67% |
| 2024 | +33.5% | +33.05% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.1000 | |
| 2025 | $0.3700 | +105.6% |
| 2024 | $0.1800 |
What's inside
As of Jul 31, 2026, the fund held 103 securities; the ten largest made up 64.48% of assets.
| Holding | Weight | |
|---|---|---|
| NVIDIA Corp | 11.53% | |
| Apple Inc | 11.51% | |
| TSMC | 11.25% | |
| Microsoft Corp | 8.74% | |
| ASML Holding NV | 5.87% | |
| Broadcom Inc | 4.84% | |
| MediaTek Inc | 3.95% | |
| Micron Technology Inc | 2.49% | |
| Delta Electronics Inc | 2.19% | |
| Advanced Micro Devices Inc | 2.09% | |
| SAP SE | 1.82% | |
| Tokyo Electron Ltd | 1.58% | |
| ASE Technology Holding Co Ltd | 1.50% | |
| Advantest Corp | 1.42% | |
| Shopify Inc | 1.38% |
By country
United States 55.43%Taiwan 20.03%Japan 8.12%Netherlands 6.63%Germany 2.73%By asset type
Stocks 98.44%By sector
Sectors of the companies held, for the 53% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Jul 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jul 31, 2026, investors added a net $62.2M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +16.40%, +0.63%, -8.07%.
How it works
SPTE is passively managed: it copies an index instead of relying on a manager's stock picks. S&P Dow Jones Indices builds the index. It starts with the S&P Global 1200 Shariah Index and keeps only companies in the information technology sector. A third-party consultant screens out businesses that don't comply with Shariah law, such as gambling, alcohol or tobacco. It also removes companies whose borrowing breaks Shariah guidelines. As of January 31, 2026, the index had 105 companies from 16 countries.
Holdings are weighted by a modified float-adjusted market value. That means bigger companies get more weight, counting only shares available to trade, with limits added on top. Each month the index is rebalanced and, if needed, capped. No single company may exceed 10%, and no single country may exceed 50%. Any excess is spread across the other holdings. Weights can drift between rebalances. As of July 31, 2026, NVIDIA was 11.5% of the fund and US companies were 55%.
The fund generally owns every stock in the index. It must keep at least 80% of its assets in index stocks. It may put up to 20% in other investments that pass a Shariah screen. Because the index is concentrated in technology, the fund is too. As of July 31, 2026, it held no derivatives. Portfolio turnover was 31%.
What it really costs
- SPTE charges 0.55% a year, versus an average of 0.33% for the similar funds below (8th of 9, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $56 in the first year and $689 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| SPTE | $56 | $176 | $307 | $689 |
In a retirement portfolio
SPTE is a concentrated, volatile bet on one sector, with a short record and a high cost, so it fits better as a small add-on than as a foundation.
SPTE launched on December 1, 2023, so it has no record from the 2008, 2020 or 2022 downturns. Its deepest drop was 25.5%, from January 22 to April 8, 2025, and it recovered by June 12, 2025, about two months later. Both of its full calendar years were gains: 33.05% in 2024 and 26.67% in 2025. Two good years say little about how it would hold up in a long tech slump. Its beta of 1.82 means it has moved about 1.8 times as much as the broad market. Anyone who may need to sell shares in a bad year could be forced to sell at a steep loss. Income is small: a 0.77% yield, paid monthly, as of October 27, 2026. The SEC's standard example puts costs at $56 in year one and $689 over 10 years on $10,000. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors seeking Shariah-screened technology exposure, with companies using debt or forbidden activities filtered out by an outside consultant.
- Investors who want global tech exposure, including big Taiwanese, Japanese and Dutch holdings such as TSMC, MediaTek and ASML, alongside US giants.
- Long-term investors adding a small satellite position who can live with swings like the 25.5% drop in early 2025.
Look elsewhere if
- Cost-focused investors: the 0.55% expense ratio ranks 8th of 9 among similar funds, versus 0.08% for XLK and 0.09% for VGT.
- Investors who need meaningful income, since the yield was 0.77% as of October 27, 2026.
- Investors who want proof of how a fund behaves in a bear market, since SPTE launched in December 2023 and missed 2008, 2020 and 2022.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| SPTE this fund | — | 0.55% | $211.3M | +32.3% | — |
| IXN iShares Global Tech ETF | 61% | 0.41% | $9.46B | +30.4% | +36.5% |
| XLK Technology Select Sector SPDR Fund | 56% | 0.08% | $123.91B | +20.1% | +4.0% |
| FTEC Fidelity MSCI Information Technology Index … | 55% | 0.084% | $19.85B | +15.4% | +30.0% |
| VGT Vanguard Information Technology ETF | 55% | 0.09% | $170.66B | +19.7% | +33.3% |
| SPUS SP Funds S&P 500 Sharia Industry Exclusions… | 55% | 0.45% | $3.14B | +17.2% | +27.5% |
| IYW iShares U.S. Technology ETF | 52% | 0.39% | $23.58B | +13.9% | +30.4% |
| SEMI Columbia Select Technology ETF | 49% | 0.75% | $37.6M | +20.1% | +31.7% |
Questions investors ask
Is SPTE Shariah compliant?
Yes, it is designed to be. SPTE tracks the S&P Global 1200 Shariah Information Technology (Sector) Capped Index. For that index, a third-party consultant screens out companies selling products such as gambling, alcohol or tobacco. It also removes companies whose borrowing breaks Shariah guidelines. Any investment the fund makes outside the index is also screened for Shariah compliance first. The screens shrink the pool of possible holdings, and the prospectus lists that as a risk.
Does SPTE pay monthly dividends?
Yes, SPTE pays monthly, but the payments are small. As of October 27, 2026, its trailing 12-month yield was 0.77%, or about $0.37 per share. That's typical of a fund full of large technology companies, which tend to reinvest profits rather than pay big dividends. Investors who want income from their holdings will get little of it here. Most of the fund's return has come from rising share prices.
What's the difference between SPTE and IXN?
Both own large technology companies worldwide, and about 61% of their holdings overlap. SPTE adds Shariah screens and caps any single stock at 10% at each monthly rebalance. IXN, from iShares, charges 0.41% compared with SPTE's 0.55%. It is also far larger, at about $9.46 billion in net assets as of June 30, 2026, against $211 million for SPTE as of July 31, 2026. Over the year to October 27, 2026, SPTE returned 32.3% and IXN 30.4%.
What is SPTE's expense ratio?
SPTE's expense ratio is 0.55%, according to its prospectus filed February 26, 2026. That's $55 a year for every $10,000 invested. It is above the 0.33% average among similar funds and much higher than XLK (0.08%), FTEC (0.084%) and VGT (0.09%). In the SEC's standard example, $10,000 earning 5% a year would cost about $56 after one year, $307 after five and $689 after 10.
Is SPTE good for retirement?
It may suit a small slice of a retirement portfolio, not the core. SPTE is concentrated in technology, and its 10 largest holdings made up 64% of the fund as of July 31, 2026. It fell 25.5% between January and April 2025 before recovering by June. The fund only began in December 2023, so there is no record of how it handles a long bear market. Its yield is low, at 0.77%.