SP Funds 2040 Target Date Investor (SPTBX)
| Fund Assets | 2.07M |
| Expense Ratio | 1.53% |
| Min. Investment | $50,000 |
| Turnover | n/a |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 20.86 |
| YTD Return | 7.04% |
| 1-Year Return | 5.16% |
| 5-Year Return | n/a |
| 52-Week Low | 16.12 |
| 52-Week High | 20.97 |
| Beta (5Y) | n/a |
| Holdings | n/a |
| Inception Date | Jun 28, 2024 |
About SPTBX
The SP Funds 2040 Target Date Fund Investor Shares is a target date mutual fund designed for investors planning to retire around the year 2040. Its primary function is to provide a diversified investment approach that seeks a high level of total return leading up to its target date. As the fund approaches 2040, its strategy gradually shifts to emphasize income generation, aiming to support investors in retirement and provide stability in later years. Notably, the fund is managed in accordance with Shariah principles, making it suitable for investors seeking to align with Islamic finance guidelines; this restricts involvement in industries and activities not compliant with these standards, potentially narrowing its investment universe. The fund's portfolio adjusts over time to balance growth and income, reflecting the changing risk tolerance of investors as they near retirement. With an open status and an expense ratio on the higher end of its category, the SP Funds 2040 Target Date Fund offers a solution for long-term retirement planning—particularly for those prioritizing Shariah compliance within a target date framework.
Performance
SPTBX had a total return of 5.16% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.14%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| WFOAX | Class R6 | 0.14% |
| WFORX | Class R4 | 0.29% |
| WFLGX | Administrator Class | 0.49% |
| STNRX | Class A | 0.60% |