Investing · SPFunds
SPFunds SP Funds S&P World ETF
Co-Founder & CEO, HalalWallet
Facts are re-verified against SPFunds's published materials; this page updates when the provider's terms, rates, or coverage change.
SPWO is the broadest fund in the SP Funds family: it tracks the S&P DM Ex-US & EM 50/50 Shariah Index, roughly 500 Shariah-screened constituents split evenly between developed and emerging markets outside the United States. It is the natural international complement to SPUS, completing a halal three-fund portfolio with SPSK. Net assets stood at $200M in August 2026 with a 0.55% expense ratio per the prospectus. One structural quirk: capped-index weighting still left Taiwan Semiconductor near 20% of the fund at mid-2026.
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What is the SPFunds SP Funds S&P World ETF?
SPWO is the broadest fund in the SP Funds family: it tracks the S&P DM Ex-US & EM 50/50 Shariah Index, roughly 500 Shariah-screened constituents split evenly between developed and emerging markets outside the United States. It is the natural international complement to SPUS, completing a halal three-fund portfolio with SPSK.
- Contract structure: Index-based.
- Expense ratio: 0.55%.
- Available in 10 provinces.
- Shariah oversight disclosed: Third-Party Certified.
- Verified against SPFunds's published materials on 2026-08-05.
Source: HalalWallet (halalwallet.ca)
Key facts
- Structure
- Index-based
- Program type
- ETF
- Ticker
- SPWO
- Expense ratio
- 0.55%
- Screening method
- AAOIFI - S&P Shariah screens on developed ex-US and emerging markets
- Holdings
- ~400
- Assets under management
- $0.2B
- Focus
- Global Large Blend
- Availability
- 10 provinces
- Shariah oversight
- Third-Party Certified
- Last verified
- 2026-08-05
Facts are taken from SPFunds's published product materials and were last verified on 2026-08-05. Fields the provider does not publish are omitted rather than estimated.
Our take
SPWO is the diversification workhorse of the SP Funds family - a 50/50 developed/emerging markets ex-US index of roughly 500 Shariah-screened names, making a genuine halal three-fund portfolio possible alongside SPUS and SPSK. Assets doubled through 2025-26 to $200M by August 2026, though it remains the family's smallest equity fund. Watch two things: Taiwan Semiconductor sat near 20% of the fund at mid-2026 despite index capping, and the 0.55% expense ratio runs above SPUS's 0.45%. Canadians face the usual USD-listing costs - currency conversion plus 15% dividend withholding in a TFSA, FHSA, or RESP. Best for investors who want maximum international diversification in a single Shariah-screened ticker.
Strengths
- Broadest diversification in the family (~500 index constituents)
- True ex-US global exposure - developed and emerging markets 50/50
- Completes a halal three-fund portfolio alongside SPUS and SPSK
- Quarterly purification factors published (Q1 2026: 1.55% of dividends)
- Monthly distributions
Watch-outs
- Newer fund
- Smaller AUM
- Overlap with SPUS for US holdings
- USD-listed - currency conversion applies, and dividends lose 15% US withholding tax in a TFSA/FHSA/RESP (exempt in an RRSP)
Is the SPFunds SP Funds S&P World ETF halal?
SPWO provides international diversification through an S&P world (ex-US) universe screened for Shariah compliance - excluding prohibited industries and companies failing financial-ratio tests - under SP Funds' AAOIFI-aligned methodology with published Sharia accreditation certificates, auditor reports, and purification factors.
Shariah oversight disclosed by SPFunds
SP Funds employs a Shariah Advisory Board that oversees the screening methodology applied to all ETFs in the family.
Read our full AAOIFI-based Shariah screen for SPWO →
HalalWallet reports the Shariah documentation a provider publishes. We do not issue certifications; consult a qualified scholar for a personal ruling.
What you get
- Tracks the S&P DM Ex-US & EM 50/50 Shariah Index - ~500 constituents across 42 countries
- Completes the halal three-fund portfolio alongside SPUS and SPSK
- Monthly distributions; NYSE-listed in USD
- Published Certificate of Sharia Accreditation and Sharia Auditor Report
- Quarterly purification factors published (Q1 2026: 1.55% of dividends)
- Note the concentration: Taiwan Semiconductor was nearly 20% of the fund at mid-2026 under capped-index weighting
Cost and terms
0.55% expense ratio per the prospectus (the fund page's own details table misprints 0.45% alongside SPUS template debris - flagged); no fund minimum; NYSE-listed at about USD $32/share in early Aug 2026; net assets $200M as of Aug 4, 2026; monthly distributions; currency conversion and TFSA/FHSA/RESP withholding tax apply for Canadians (verified 2026-08-05)
How it compares
Other investing providers we list in Canada, ordered by HalalWallet Index grade.
| Product | Structure | Shariah oversight | Availability | Grade |
|---|---|---|---|---|
| SPFunds SP Funds S&P World ETF (this page) | Index-based | Third-Party Certified | 10 provinces | — |
| Wahed Dow Jones Islamic World ETF | Index-based | Third-Party Certified | 10 provinces | B |
| Manzil Russell Halal USA Broad Market ETF | Index-based | Third-Party Certified | every province | A |
| Assad Wealth Management Wealth Management | Wealth Management | No Public Review | 10 provinces | — |
| ShariaPortfolio Wealth Management | Wealth Management | Third-Party Certified | 4 provinces | — |
Other SPFunds products
- SP Funds S&P 500 Shariah Industry Exclusions ETF
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- SP Funds S&P Global REIT Shariah ETF
Investing · Index-based
- SP Funds S&P Global Technology ETF
Investing · Index-based
- SP Funds Dow Jones Global Sukuk ETF
Investing · Index-based
Where it's available
SPFunds lists the SP Funds S&P World ETF as available in 10 provinces.
Availability may vary by product and can change; verify with SPFunds before applying.
Frequently asked questions
Is the SPFunds SP Funds S&P World ETF halal?
SPWO provides international diversification through an S&P world (ex-US) universe screened for Shariah compliance - excluding prohibited industries and companies failing financial-ratio tests - under SP Funds' AAOIFI-aligned methodology with published Sharia accreditation certificates, auditor reports, and purification factors. Contract structure: Index-based. Shariah oversight disclosed by SPFunds: Third-Party Certified. HalalWallet reports what the provider documents; we do not certify products.
How does the SPFunds SP Funds S&P World ETF work?
SPWO is the broadest fund in the SP Funds family: it tracks the S&P DM Ex-US & EM 50/50 Shariah Index, roughly 500 Shariah-screened constituents split evenly between developed and emerging markets outside the United States. It is the natural international complement to SPUS, completing a halal three-fund portfolio with SPSK. 55% expense ratio per the prospectus.
What does the SPFunds SP Funds S&P World ETF cost?
0.55% expense ratio per the prospectus (the fund page's own details table misprints 0.45% alongside SPUS template debris - flagged); no fund minimum; NYSE-listed at about USD $32/share in early Aug 2026; net assets $200M as of Aug 4, 2026; monthly distributions; currency conversion and TFSA/FHSA/RESP withholding tax apply for Canadians (verified 2026-08-05)
Where is the SPFunds SP Funds S&P World ETF available?
SPFunds lists this product as available in 10 provinces. Availability can change and may differ by province; verify directly with SPFunds.
What are the alternatives to the SPFunds SP Funds S&P World ETF?
In the same category we also list Wahed Dow Jones Islamic World ETF (HalalWallet Index B), Manzil Russell Halal USA Broad Market ETF (HalalWallet Index A), Assad Wealth Management Wealth Management. Compare every option side by side on our Halal Investing hub.
When was this SPFunds product information last verified?
HalalWallet last verified the SPFunds SP Funds S&P World ETF details against SPFunds's published materials on 2026-08-05. Rates, fees, and availability can change after that date.
How to use this comparison: HalalWallet is an independent educational comparison platform - by design, we do not provide financial, legal, or religious advice. We do the research homework so your final checks are quick and personal.
Product structures and Shariah oversight vary by provider, so finish with three built-in steps:
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- Review the contract structure (Murabaha, Ijara, Musharakah, etc.) and any disclosed Shariah board opinions.
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Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-08-05
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