SP Funds S&P World (ex-US) ETF
SPWO
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 10900 NE 4th Street, Suite 2300 Bellevue WA United States of America 98004
- IPO Date
- Dec 20, 2023
- Website
- sp-funds.com
- Similar Companies
- Business
- SP Funds S&P World (ex-US) ETF (SPWO) is an exchange-traded fund that tracks the S&P DM Ex-U.S. & EM 50/50 Shariah Index, providing investors with exposure to Sharia-compliant equity securities from developed markets excluding the United States and emerging markets worldwide. The ETF holds approximately 394-500 stocks selected for compliance with AAOIFI Shariah principles, which exclude companies involved in non-permissible activities such as alcohol, pork, gambling, tobacco, conventional finance, and adult entertainment, while also screening for financial ratios like debt-to-market cap below 33% and non-compliant income under 5%; top holdings include Taiwan Semiconductor Manufacturing Co. Ltd., Alibaba Group Holding Ltd., ASML Holding NV, Samsung Electronics Co. Ltd., and Roche Holding AG, with sector allocations emphasizing technology (around 35%), consumer cyclical (17%), healthcare (14%), industrials (13%), and basic materials (8%). SPWO offers monthly distributions with a trailing twelve-month dividend yield of about 1.12%, an expense ratio of 0.55%, and assets under management of approximately $91 million as of late 2025. Launched on December 19, 2023, and domiciled in the United States, SPWO is issued by SP Funds, with headquarters located at 1331 South International Parkway, Suite 2291, Lake Mary, Florida. The fund operates passively to replicate the benchmark's total return performance before fees and expenses, targeting large-cap growth companies across 42 countries in regions including Europe, Australasia, the Far East (EAFE), and emerging markets with higher growth potential and lower inflation relative to the U.S. It trades on the NYSE Arca exchange under ticker SPWO, with a CUSIP of 84612A200, and is managed by a team including Michael Venuto, Charles Ragauss, and Naushad Virji. Recent developments for SPWO include steady asset growth from $76 million to over $91 million in net assets within two years of inception, alongside consistent monthly dividend payments starting from late 2024 at $0.0255 per share through mid-2025; the fund has delivered year-to-date returns of approximately 24% on a NAV basis as of November 30, 2025, outperforming its benchmark slightly due to effective tracking in volatile global markets. No major acquisitions, partnerships, funding rounds, or strategic shifts have been reported for the ETF or its issuer SP Funds in the last 1-2 years, reflecting stable operations focused on index replication amid expanding interest in Sharia-compliant global ex-U.S. investments. Shares outstanding stand at 3.4 million, with a 30-day SEC yield of 0.93% and a median bid-ask spread of 0.31%.