SPTE
AMEXSP Funds S&P Global Technology ETF
$46.41
Financial Services · Asset Management - Global
SPTE Key Statistics
Market Cap
$130.71M
P/E Ratio
N/A
EPS (TTM)
N/A
52-Week High
$50.75
52-Week Low
$30.8
Analyst Target
N/A
About SP Funds S&P Global Technology ETF
SPTE is an ETF designed to track a global index composed of leading information technology companies, all rigorously screened for adherence to Shariah principles. The fund strictly excludes businesses involved in activities deemed non-compliant with Islamic law, such as gambling, tobacco, or alcohol production and sales. Furthermore, companies with financial leverage that contravenes Shariah regulations are also omitted from the index. The benchmark employs a float-adjusted market capitalization weighting system, with individual issuer allocations capped at 10% and country allocations limited to 50%. SPTE also has the flexibility to invest up to 20% of its assets in other Shariah-compliant securities not directly part of the index, based on adviser recommendations, to help maintain alignment with the index's performance. The overall objective of SPTE is to provide balanced exposure to the technology sector while upholding Shariah guidelines and delivering consistent returns akin to its underlying index.
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