SPWO vs. TPIF ETF Comparison

Comparison of SP Funds S&P World (ex-US) ETF (SPWO) to Timothy Plan International ETF (TPIF)

SPWO

SP Funds S&P World (ex-US) ETF

SPWO Description

The Shariah World Index is designed to measure the performance of companies located in developed and emerging markets outside of the United States that pass rules-based screens for adherence to shariah investment guidelines, with a cap applied to ensure diversification among companies in the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$22.27

Average Daily Volume

6,987

Number of Holdings ^*

* may have additional holdings in another (foreign) market

TPIF

Timothy Plan International ETF

TPIF Description

The investment seeks to provide investment results that track the performance of the Victory International 500 Volatility Weighted BRI Index before fees and expenses. The fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets directly or indirectly in the securities included in the Victory International Volatility Weighted BRI Index, an unmanaged, volatility weighted index created by the Sub-Advisor. The index combines fundamental criteria with individual security risk control achieved through volatility weighting of individual securities, rather than traditional market cap weighting.

Grade (RS Rating)

Last Trade

$27.01

Average Daily Volume

12,641

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SPWO	TPIF
30 Days	-4.92%	-2.93%
60 Days	-1.37%	-4.91%
90 Days	-2.78%	-4.42%
12 Months		12.17%

5 Overlapping Holdings

Symbol	Grade	Weight in SPWO	Weight in TPIF	Overlap
ABBV	F	0.76%	0.34%	0.34%
CNI	F	0.5%	0.41%	0.41%
GOLD	C	0.21%	0.2%	0.2%
WCN	A	0.4%	0.58%	0.4%
XRX	F	0.11%	0.25%	0.11%

SPWO Overweight 50 Positions Relative to TPIF

Symbol	Grade	Weight
TSM	B	16.44%
NVO	F	2.44%
SAP	B	1.85%
PDD	F	1.82%
INFY	C	1.68%
NVS	F	1.58%
AZN	F	1.5%
UL	D	1.18%
JD	D	1.15%
SHOP	B	1.06%
BHP	F	1.04%
SNY	F	0.86%
VALE	F	0.81%
RELX	D	0.7%
GSK	F	0.58%
RIO	D	0.55%
UMC	F	0.37%
CHT	C	0.36%
LI	F	0.31%
BEKE	D	0.31%
GFI	D	0.3%
BGNE	D	0.29%
HLN	C	0.27%
WDS	D	0.21%
CPNG	D	0.2%
NOK	D	0.19%
WIT	B	0.18%
ERIC	C	0.18%
SCCO	F	0.16%
RDY	F	0.16%
XPEV	C	0.14%
PAC	B	0.13%
CHKP	C	0.12%
VIPS	F	0.12%
ICLR	D	0.12%
MMYT	B	0.11%
JHX	D	0.11%
HTHT	D	0.1%
SQM	D	0.1%
ARM	F	0.1%
ASR	D	0.1%
GGB	C	0.09%
CYBR	A	0.09%
KOF	F	0.08%
NICE	D	0.07%
WIX	A	0.07%
SNN	D	0.07%
BZ	F	0.07%
PSO	B	0.06%
TS	B	0.05%

SPWO Underweight 7 Positions Relative to TPIF

Symbol	Grade	Weight
E	F	-0.37%
RBA	A	-0.33%
LYG	D	-0.28%
LOGI	D	-0.25%
SMFG	B	-0.23%
SHG	C	-0.17%
KB	B	-0.16%