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SPSK - Tidal SP Funds Dow Jones Global Sukuk ETF

Tidal SP Funds Dow Jones Global Sukuk ETF logoThe Tidal SP Funds Dow Jones Global Sukuk ETF (SPSK) is an exchange-traded fund (ETF) that seeks to provide investors with exposure to the global sukuk market. Sukuk are Islamic financial instruments that are similar to bonds, but they are structured to comply with Islamic law, which prohibits the payment or receipt of interest.

SPSK invests primarily in sukuk issued by corporations, financial institutions, and sovereigns from around the world. The ETF seeks to provide investors with a way to invest in sukuk with a focus on diversification, liquidity, and transparency.

As of September 2021, the SPSK ETF has a net asset value (NAV) of approximately $29 million and holds a portfolio of sukuk issued by over 50 issuers. The ETF's expense ratio is 0.69%, which is relatively low compared to other ETFs.

SPSK has a track record of providing investors with solid returns. Since its inception in 2018, the fund has provided investors with an annualized return of around 2% (as of March 23, 2023).

Overall, the Tidal SP Funds Dow Jones Global Sukuk ETF (SPSK) could be a good investment option for investors looking to invest in the global sukuk market. However, as with any investment, it is important to conduct thorough research and consider factors such as risk tolerance, investment objectives, and fees before making a decision. Additionally, investors should consider the unique risks associated with sukuk, such as the potential for limited liquidity and credit risk.




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