SPUS vs. FWD ETF Comparison

Comparison of SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) to AB Disruptors ETF (FWD)

SPUS

SP Funds S&P 500 Sharia Industry Exclusions ETF

SPUS Description

The investment seeks to track the performance, before fees and expenses, of the S&P 500 Shariah Industry Exclusions Index. The index is composed of the constituents of the S&P 500® Shariah Index other than those from the following sub-industries: Aerospace & Defense, Financial Exchanges & Data, and Data Processing & Outsourced Services. The manager attempts to invest all, or substantially all, of its assets in the component securities that make up the index. 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.

Grade (RS Rating)

Last Trade

$42.49

Average Daily Volume

187,591

Number of Holdings ^*

223

* may have additional holdings in another (foreign) market

FWD

AB Disruptors ETF

FWD Description

FWD seeks capital growth by actively investing in companies globally, believed to be at the forefront of innovative growth trends. The funds adviser considers such companies as market disrupters. Many may utilize technology to enhance or create new demand for their product or service. The selection process combines a top-down evaluation of macroeconomic growth trends with fundamental, bottom-up analysis of individual companies. Factors such as current and projected profitability, pricing power, competitiveness, technological superiority, and management robustness of a company are considered. Targeted themes may include cloud infrastructure & AI, energy transition, transportation & logistics, medical innovation, digital transactions & media, and industrial innovation. The resulting portfolio of 80-120 stocks is considered non-diversified and may heavily focus on industries within the Information Technology sector.

Grade (RS Rating)

Last Trade

$83.95

Average Daily Volume

20,955

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SPUS	FWD
30 Days	1.91%	6.41%
60 Days	2.94%	8.28%
90 Days	3.81%	8.11%
12 Months	29.89%	46.37%

36 Overlapping Holdings

Symbol	Grade	Weight in SPUS	Weight in FWD	Overlap
ABBV	D	0.94%	0.73%	0.73%
ABT	B	0.64%	0.52%	0.52%
ADBE	C	0.7%	0.71%	0.7%
ADI	D	0.33%	0.63%	0.33%
AMAT	F	0.45%	0.87%	0.45%
AMD	F	0.71%	0.7%	0.7%
AMZN	C	6.03%	1.73%	1.73%
ANET	C	0.31%	1.53%	0.31%
AVGO	D	2.42%	1.29%	1.29%
BKNG	A	0.53%	0.63%	0.53%
BKR	B	0.14%	0.85%	0.14%
BSX	B	0.42%	1.56%	0.42%
CRL	C	0.03%	0.5%	0.03%
EPAM	C	0.04%	1.14%	0.04%
ETN	A	0.46%	1.09%	0.46%
FCX	D	0.2%	0.42%	0.2%
FTNT	C	0.19%	1.15%	0.19%
GOOGL	C	3.28%	1.3%	1.3%
ISRG	A	0.61%	1.62%	0.61%
LLY	F	1.89%	0.76%	0.76%
LRCX	F	0.29%	0.94%	0.29%
META	D	3.93%	1.41%	1.41%
MSFT	F	9.82%	0.7%	0.7%
MU	D	0.35%	1.01%	0.35%
NOW	A	0.67%	0.55%	0.55%
NVDA	C	11.41%	5.29%	5.29%
ON	D	0.09%	0.98%	0.09%
SNPS	B	0.26%	0.72%	0.26%
SYK	C	0.42%	0.81%	0.42%
TER	D	0.05%	0.93%	0.05%
TMO	F	0.62%	0.58%	0.58%
TSLA	B	3.02%	3.08%	3.02%
TT	A	0.3%	1.05%	0.3%
TXN	C	0.58%	1.51%	0.58%
UBER	D	0.46%	0.52%	0.46%
WAB	B	0.11%	0.86%	0.11%

SPUS Overweight 187 Positions Relative to FWD

Symbol	Grade	Weight
AAPL	C	11.07%
GOOG	C	2.71%
XOM	B	1.7%
PG	A	1.28%
HD	A	1.26%
JNJ	D	1.17%
CRM	B	1.0%
MRK	F	0.79%
CSCO	B	0.74%
ACN	C	0.71%
LIN	D	0.69%
PEP	F	0.69%
QCOM	F	0.55%
DHR	F	0.48%
LOW	D	0.48%
HON	B	0.47%
UNP	C	0.45%
TJX	A	0.43%
COP	C	0.42%
PANW	C	0.4%
GILD	C	0.35%
PLD	D	0.34%
MDT	D	0.34%
UPS	C	0.31%
EQIX	A	0.28%
NKE	D	0.28%
PH	A	0.28%
APH	A	0.27%
MDLZ	F	0.27%
SHW	A	0.27%
MCK	B	0.26%
MSI	B	0.26%
KLAC	D	0.26%
CDNS	B	0.26%
EOG	A	0.25%
REGN	F	0.25%
WM	A	0.25%
EMR	A	0.24%
CTAS	B	0.24%
CL	D	0.24%
ITW	B	0.23%
APD	A	0.23%
CEG	D	0.23%
ORLY	B	0.22%
MMM	D	0.22%
ADSK	A	0.21%
CSX	B	0.21%
SLB	C	0.2%
BDX	F	0.2%
NSC	B	0.19%
ROP	B	0.19%
ECL	D	0.19%
JCI	C	0.18%
NXPI	D	0.18%
TGT	F	0.18%
FICO	B	0.18%
AZO	C	0.17%
GWW	B	0.17%
PWR	A	0.16%
NEM	D	0.16%
CMI	A	0.16%
KMB	D	0.15%
ROST	C	0.15%
FAST	B	0.15%
DHI	D	0.15%
CPRT	A	0.15%
COR	B	0.14%
RSG	A	0.14%
AME	A	0.14%
VLO	C	0.14%
KVUE	A	0.14%
IT	C	0.13%
OTIS	C	0.13%
ODFL	B	0.13%
CTVA	C	0.13%
HES	B	0.13%
IR	B	0.13%
EW	C	0.13%
GLW	B	0.12%
VMC	B	0.12%
A	D	0.12%
MNST	C	0.12%
CTSH	B	0.12%
GEHC	F	0.12%
DD	D	0.11%
IDXX	F	0.11%
MCHP	D	0.11%
NUE	C	0.11%
LULU	C	0.11%
RMD	C	0.11%
GIS	D	0.11%
MLM	B	0.11%
HPQ	B	0.11%
KDP	D	0.11%
ANSS	B	0.1%
DXCM	D	0.1%
EFX	F	0.1%
GRMN	B	0.1%
ROK	B	0.1%
AVB	B	0.1%
DECK	A	0.09%
DOV	A	0.09%
MPWR	F	0.09%
CHD	B	0.09%
HAL	C	0.09%
PPG	F	0.09%
KEYS	A	0.09%
TSCO	D	0.09%
CAH	B	0.09%
EBAY	D	0.09%
XYL	D	0.09%
HUBB	B	0.08%
DVN	F	0.08%
MTD	D	0.08%
EQR	B	0.08%
NTAP	C	0.08%
ADM	D	0.08%
TYL	B	0.08%
HSY	F	0.08%
VLTO	D	0.08%
FTV	C	0.08%
PHM	D	0.08%
STLD	B	0.07%
CLX	B	0.07%
STE	F	0.07%
WAT	B	0.07%
K	A	0.07%
PKG	A	0.07%
ZBH	C	0.07%
WY	D	0.07%
WST	C	0.07%
PTC	A	0.07%
BIIB	F	0.07%
CDW	F	0.07%
HOLX	D	0.06%
MAA	B	0.06%
PODD	C	0.06%
MKC	D	0.06%
FSLR	F	0.06%
ZBRA	B	0.06%
CTRA	B	0.06%
LH	C	0.06%
BLDR	D	0.06%
JBL	B	0.05%
JBHT	C	0.05%
EL	F	0.05%
VRSN	F	0.05%
ALGN	D	0.05%
AVY	D	0.05%
CF	B	0.05%
ULTA	F	0.05%
J	F	0.05%
EXPD	D	0.05%
MAS	D	0.05%
GPC	D	0.05%
IEX	B	0.05%
BBY	D	0.05%
TRMB	B	0.05%
PNR	A	0.05%
MOH	F	0.05%
INCY	C	0.04%
JNPR	F	0.04%
ALLE	D	0.04%
CHRW	C	0.04%
CPT	B	0.04%
ALB	C	0.04%
SMCI	F	0.04%
SWKS	F	0.04%
AKAM	D	0.04%
NDSN	B	0.04%
POOL	C	0.04%
ROL	B	0.04%
APTV	D	0.04%
FFIV	B	0.04%
RL	B	0.03%
MOS	F	0.03%
ENPH	F	0.03%
AOS	F	0.03%
TFX	F	0.03%
HSIC	B	0.03%
LKQ	D	0.03%
PAYC	B	0.03%
TECH	D	0.03%
GNRC	B	0.03%
LW	C	0.03%
QRVO	F	0.02%
MHK	D	0.02%

SPUS Underweight 43 Positions Relative to FWD

Symbol	Grade	Weight
VST	B	-2.35%
GEV	B	-2.15%
ORCL	B	-1.81%
VRT	B	-1.67%
NFLX	A	-1.54%
SHOP	B	-1.39%
PLTR	B	-1.33%
HWM	A	-1.21%
SPOT	B	-1.16%
CRWD	B	-1.11%
APO	B	-1.09%
COHR	B	-1.06%
DASH	A	-1.06%
TTD	B	-1.05%
MRVL	B	-1.02%
DDOG	A	-0.99%
CAT	B	-0.98%
IOT	A	-0.98%
TEAM	A	-0.95%
LSCC	D	-0.94%
ARM	D	-0.91%
MDB	C	-0.91%
NEE	D	-0.79%
GWRE	A	-0.79%
CIEN	B	-0.74%
FROG	C	-0.74%
MNDY	C	-0.74%
RBLX	C	-0.72%
LITE	B	-0.66%
AFRM	B	-0.66%
SLAB	D	-0.65%
HUBS	A	-0.65%
MELI	D	-0.62%
ILMN	D	-0.56%
GTLB	B	-0.53%
RDDT	B	-0.53%
BSY	D	-0.48%
CFLT	B	-0.48%
ABNB	C	-0.46%
IPGP	D	-0.44%
IQV	D	-0.43%
RGEN	D	-0.41%
Z	A	-0.4%