ETF Evaluator: SP Funds S&P Global REIT Sharia ETF () Follow This ETF

SP Funds S&P Global REIT Sharia ETF Overview

SP Funds S&P Global REIT Sharia ETF (SPRE) is a passively managed Sector Equity Real Estate exchange-traded fund (ETF). SP Funds launched the ETF in 2020.

The investment seeks to track the performance, before fees and expenses, of the S&P Global All Equity REIT Shariah Capped Index. The index includes all REIT securities listed in developed and emerging markets and included as constituents of the S&P Global BMI Shariah Index, a comprehensive global Sharia-compliant index of publicly-traded equity securities. Under normal circumstances, at least 80% of the fund's total assets will be invested in the component securities of the index. It is non-diversified.

About SP Funds S&P Global REIT Sharia ETF (SPRE)

There are 3 members of the management team with an average tenure of 5.59 years: Michael Venuto (2020), Charles Ragauss (2020) and Naushad Virji (2020). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and S&P Glb AE REIT Shariah Cap TR USD index with a weighting of 100%. SP Funds S&P Global REIT Sharia ETF has 30 securities in its portfolio. The top 10 holdings constitute 78.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

SP Funds S&P Global REIT Sharia ETF is part of the Equity global asset class and is within the Sector Equity ETF group. SP Funds S&P Global REIT Sharia ETF has 32.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 67.3% There is 32.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). SP Funds S&P Global REIT Sharia ETF has 0.3% of the portfolio in cash.

Assets Under Management

The fund has $221 million in total assets, which is below the $1 billion average for the Real Estate category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

SPRE Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The SP Funds S&P Global REIT Sharia ETF expense ratio is average compared to funds in the Real Estate category. SP Funds S&P Global REIT Sharia ETF has an expense ratio of 0.50%, which is 2% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. SP Funds S&P Global REIT Sharia ETF has a portfolio turnover rate of 49%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 69% for the Real Estate category.

Recently, in the month of July 2026, SP Funds S&P Global REIT Sharia ETF returned 1.6%, which earned it a grade of D, as the Real Estate category had an average return of 1.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

SP Funds S&P Global REIT Sharia ETF has a trailing yield of 3.74%, which is below the 4.13% category average. The fund normally distributes its income monthly.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

SP Funds S&P Global REIT Sharia ETF Grades

Year to date, the ETF has returned 12.1%, 2.7 percentage points worse than the category, which translates into a grade of F. The fund has returned 17.3% over the past year (grade of C), 7.1% over the past three years (grade of D) and 1.3% per year over the past five years (grade of F).

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