SP Funds S&P Global Technology ETF
SPTE - ETF AI Analysis
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SP Funds S&P Global Technology ETF (SPTE)
SPTE, the SP Funds S&P Global Technology ETF, earns a solid overall rating thanks to heavy exposure to high-quality tech leaders like TSMC, Apple, Microsoft, and Nvidia, all of which show strong financial performance and are well positioned in fast-growing areas such as AI, cloud, and advanced semiconductors. However, several holdings including Nvidia, SAP, and Shopify face risks from high valuations or bearish technical signals, and the fund’s strong concentration in the global technology sector means performance is highly sensitive to swings in tech markets.
SPTE vs. SPDR S&P 500 ETF (SPY)
- AUM
- 245.32M
- Region
- Global
- Expense Ratio
- 0.55%
- Beta
- 1.46
- Issuer
- SP Funds
- Inception Date
- Dec 01, 2023
- Dividend Yield
- 0.76%
- Asset Class
- Equity
- Index Tracked
- S&P Global 1200 Shariah Information Technology Capped Index - Benchmark TR Net
SPTE Summary
SP Funds S&P Global Technology ETF (SPTE) is a fund that follows the S&P Global 1200 Shariah Information Technology Index, giving you broad exposure to major tech companies around the world. It mainly holds U.S. technology stocks and includes well-known names like Apple, Microsoft, Nvidia, and TSMC. Investors might consider SPTE if they want simple, one-click access to the growth potential of the global tech sector, instead of picking individual stocks. However, because it is heavily focused on technology, its price can rise and fall sharply with changes in the tech industry and overall stock market.
How much will it cost me?
This ETF has an expense ratio of 0.55%, which means you’ll pay about $5.50 per year for every $1,000 you invest. That’s higher than the average low-cost index ETF because this fund is more specialized, focusing on the global technology sector rather than tracking a broad, plain-vanilla market index.
What would affect this ETF?
SPTE is heavily focused on global technology leaders like Apple, Nvidia, Microsoft, and TSMC, so it could benefit from ongoing demand for chips, cloud services, and software, as well as long-term growth in digitalization around the world. On the downside, the fund is sensitive to rising interest rates, economic slowdowns that hurt corporate tech spending, tighter regulations on big tech companies, and any setbacks in the semiconductor industry, which makes up a large part of its holdings.
SPTE Top 10 Holdings
SPTE is essentially riding the global tech wave, with a heavy tilt toward Big Tech and semiconductors. Apple and Microsoft have been steady climbers, helping anchor returns, while Nvidia and TSMC have turned more mixed lately, occasionally taking some wind out of the fund’s sails. ASML, a key player in chipmaking equipment, has been a powerful engine over the year despite recent choppiness. With major positions spread across U.S. and European names plus Taiwan, this ETF is a globally wired bet on the heart of the tech ecosystem.
| Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
 AAPL | Apple | 12.71% | $31.18M | $5.17T | 29.77% | 79Outperform |
 TSM | TSMC | 11.97% | $29.37M | $1.89T | 39.53% | 81Outperform |
 MSFT | Microsoft | 9.73% | $23.87M | $3.87T | 2.32% | 79Outperform |
 NVDA | Nvidia | 9.54% | $23.41M | $4.19T | -14.25% | 76Outperform |
 NL:ASML | ASML Holding NV | 5.68% | $13.92M | EUR 536.23B | 54.38% | 76Outperform |
 AVGO | Broadcom | 4.40% | $10.80M | $1.65T | 2.57% | 76Outperform |
 SAP | SAP SE | 2.38% | $5.84M | $272.47B | -7.61% | 69Neutral |
 AMD | Advanced Micro Devices | 2.42% | $5.93M | $906.80B | 126.08% | 73Outperform |
 MU | Micron | 2.46% | $6.02M | $917.92B | 226.03% | 79Outperform |
SPTE Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For SPTE, the sentiment is Neutral. The current price of 44.27 is below the 20-day moving average (MA) of 45.62, below the 50-day MA of 47.79, and above the 200-day MA of 43.85, indicating a neutral trend. The MACD of -1.34 indicates Positive momentum. The RSI at 43.05 is Neutral, neither overbought nor oversold. The STOCH value of 54.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SPTE.
SPTE Peer Comparison
Comparison Results
| Name | Price | Price Target | AUM | Expense Ratio | Overall Rating |
|---|---|---|---|---|---|
| SPTE | $44.27 | $50.00(12.94% Upside) | $245.32M | 0.55% | 69Neutral |
 TTEQ | $37.59 | $52.49(39.63% Upside) | $451.68M | 0.63% | 65Neutral |
 CLOU | $26.47 | $33.50(26.56% Upside) | $377.97M | 0.68% | 66Neutral |
 EUV | $19.84 | $32.25(62.55% Upside) | $258.61M | 0.35% | 72Outperform |
 FRWD | $28.43 | $42.59(49.83% Upside) | $248.83M | 0.65% | 68Neutral |
 CHPX | $82.75 | $124.23(50.13% Upside) | $110.68M | 0.50% | 68Neutral |
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| SPTE | SP Funds S&P Global Technology ETF | 44.27 | 10.20 | 29.94% | |
| TTEQ | T. Rowe Price Technology ETF | 37.59 | 5.80 | 18.23% | |
| CLOU | Global X Cloud Computing ETF | 26.47 | 3.83 | 16.92% | |
| EUV | Corgi Lithography & Semiconductor Photonics ETF | 19.84 | -6.65 | -25.10% | |
| FRWD | Nomura Transformational Technologies ETF | 28.43 | 3.52 | 14.13% | |
| CHPX | Global X AI Semiconductor & Quantum ETF | 82.75 | 29.38 | 55.04% |
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.