Morningstar

SP Funds 2040 Target Date Fund Institutional Shares SPTNX

Morningstar Medalist Rating
Medalist Rating as of | See SP Funds Investment Hub
  • NAV / 1-Day Return 28.13  /  +0.07 %
  • Total Assets 9.4M
  • Adj. Expense Ratio
    0.920%
  • Expense Ratio 0.450%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Target-Date 2040
  • Investment Style Large Growth
  • Credit Quality / Interest Rate Sensitivity —
  • Status Open
  • TTM Yield 0.28%
  • Turnover 1%

USD | NAV as of Aug 07, 2026 | 1-Day Return as of Aug 07, 2026, 12:11 AM GMT+0

Morningstar’s Analysis SPTNX

Will SPTNX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SPTNX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the SPTNX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of SPTNX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

SP Funds 2040 Target Date Institutional holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings SPTNX

More SPTNX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 93.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

SP Funds S&P 500 Sharia Industry Ex ETF

33.57 3M
—

SP Funds S&P Global Technology ETF

31.33 2M
—

SP Funds S&P World ETF

19.21 1M
—

US DOLLARS

6.16 468,246
Cash and Equivalents

SP Funds Dow Jones Global Sukuk ETF

4.87 370,494
—

SP Funds S&P Global REIT Sharia ETF

4.86 369,272
—

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