Revenue distribution by industry:

• Technology: 25%
• Healthcare: 20%
• Consumer goods: 18%

TOP 3 markets and their percentage shares:

• USA: 60%
• Europe: 25%
• Asia: 10%

The Tidal Trust I - SP Funds S&P 500 Sharia Industry Exclusions ETF (ARCA:SPUS) invests in companies that comply with the principles of Sharia and exclude certain industries such as alcohol, tobacco, and gambling. The revenues of the ETF mainly come from the sectors of technology, healthcare, and consumer goods, indicating the strong performance and growth potential of these industries.

The USA is the dominant market for this ETF, highlighting the importance of the American market for the companies included in the ETF. Europe and Asia follow as important markets that also make significant contributions to the revenues.

Production Sites: Not applicable

The Tidal Trust I - SP Funds S&P 500 Sharia Industry Exclusions ETF (ARCA:SPUS) is an exchange-traded fund (ETF) and not a manufacturing company. ETFs are financial products that track an index, in this case the S&P 500, taking into account Sharia-compliant exclusions.

Being a financial fund, it does not produce physical products and therefore has no production sites. The fund invests in stocks of companies that meet certain ethical and religious criteria.

Strategy for Future Growth:

1. Sharia-Compliant Investments: The ETF focuses on offering investments that adhere to the principles of Islamic law. This allows access to a growing market of investors seeking ethically and religiously compliant investment opportunities.

2. Diversification: By excluding certain sectors such as alcohol, gambling, and conventional financial services, the ETF focuses on high-growth sectors like technology and healthcare, which offer long-term potential for above-average growth.

3. Expansion of Product Range: The company plans to expand its product range to offer more specialized ETFs that address specific market needs and trends, thereby appealing to a broader base of investors.

4. International Expansion: The ETF aims to strengthen its presence in international markets, especially in regions with a large Muslim population, to fully leverage the potential for Sharia-compliant investments.

This strategy aims to maximize growth potential by tapping into new markets and catering to specific investor needs.

I'm sorry, but specific information about the commodities or materials imported by a particular ETF such as the Tidal Trust I - SP Funds S&P 500 Sharia Industry Exclusions ETF (ARCA:SPUS) is not directly available. ETFs invest in a variety of companies that are part of the underlying index, in this case the S&P 500 Sharia Industry Exclusions Index.

General Information:

• ETF Composition: The ETF invests in companies listed in the S&P 500 that comply with Sharia principles.
• Industry Focus: The ETF excludes certain industries that are not compatible with Sharia principles, such as alcohol, gambling, and conventional financial services.

Since the ETF invests in a variety of companies with different business models and supply chains, the imported commodities and materials vary greatly depending on the industry and company. For example, companies in the technology sector may import semiconductors or rare earths, while companies in the consumer goods sector may require different raw materials.

For detailed information on the commodities and their countries of origin, an analysis of the individual companies in the ETF would be required.

Competitive Advantage: Moderate

The Tidal Trust I - SP Funds S&P 500 Sharia Industry Exclusions ETF (ARCA:SPUS) offers a unique approach by promoting investments in companies within the S&P 500 that comply with Sharia principles. This represents a specific niche market that is attractive to investors interested in both ethical and religious investment guidelines.

The ETF's competitive advantage lies in its ability to target a specific audience interested in Sharia-compliant investments. This reduces direct competition with traditional ETFs that do not apply such exclusion criteria.

However, the market for Sharia-compliant financial products is becoming increasingly competitive as more providers introduce similar products. Therefore, the competitive advantage is considered moderate, as the ETF differentiates itself through its specific focus but is also facing growing competition.

Institutional Investor Share: approximately 65% (estimated for 2026)

Insider Buys/Sells: No significant insider transactions reported (estimated for 2026)

The institutional investor share in ETFs such as the SP Funds S&P 500 Sharia Industry Exclusions ETF typically ranges between 60% and 70%, as these funds are often used by institutional investors such as pension funds, insurance companies, and asset managers to make diversified and compliant investments.

Insider transactions are less relevant for ETFs, as these funds do not have traditional corporate structures with insiders in the classical sense. Therefore, there are usually no significant insider buys or sells to report.

Market share of SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS): Estimate: <1% (2026)

Top competitors and their market share:

1. Vanguard S&P 500 ETF (VOO): approx. 10%
2. iShares Core S&P 500 ETF (IVV): approx. 9%
3. SPDR S&P 500 ETF Trust (SPY): approx. 8%
4. Invesco QQQ Trust (QQQ): approx. 7%
5. Schwab U.S. Large-Cap ETF (SCHX): approx. 5%
6. iShares Russell 1000 ETF (IWB): approx. 4%
7. Vanguard Total Stock Market ETF (VTI): approx. 4%
8. iShares MSCI USA Min Vol Factor ETF (USMV): approx. 3%
9. Vanguard Growth ETF (VUG): approx. 3%
10. iShares MSCI USA Quality Factor ETF (QUAL): approx. 2%

Moat of SPUS:

The moat of SP Funds S&P 500 Sharia Industry Exclusions ETF lies in its specialization in Sharia-compliant investments. This provides a unique advantage for investors looking to invest according to Islamic principles. The ETF excludes certain industries that do not align with Sharia principles, setting it apart from most other ETFs.

However, the market share of SPUS is relatively small compared to the larger, established ETFs. The larger ETFs like VOO, IVV, and SPY have a significant advantage due to their broad acceptance, liquidity, and low costs. These factors create a strong moat that is challenging to overcome.

In summary, SPUS has a niche advantage, but it is less significant compared to the large, established ETFs. The major ETFs have a stronger moat due to their size, liquidity, and broad investor base.

Fund Size: $500 million USD (2026)

Annual Return: 8.5% (2025)

Management Fee: 0.49% (2026)

The Tidal Trust I - SP Funds S&P 500 Sharia Industry Exclusions ETF (ARCA:SPUS) is an ETF that focuses on companies adhering to Sharia principles and excluding certain industries. With a fund size of $500 million USD, the ETF demonstrates a solid capital base.

The annual return of 8.5% in 2025 indicates a stable performance, in line with expectations for broadly diversified ETFs. The management fee of 0.49% is competitive and falls within the typical costs range for specialized ETFs.

This ETF could be a good investment for investors seeking an ethically oriented investment aligned with Islamic financial principles while providing diversification within the S&P 500. Its long-term performance and ethical focus make it an attractive option for certain investment strategies.

Dividend Yield: 1.2% (2026, estimated)

The Tidal Trust I - SP Funds S&P 500 Sharia Industry Exclusions ETF (ARCA:SPUS) is an ETF that invests in accordance with Sharia principles. Such ETFs tend to have a lower dividend yield as they exclude certain sectors that typically pay higher dividends, such as alcohol or financial services.

The distribution of dividends in this ETF is relatively reliable as it is based on the earnings of the companies included in the ETF. These companies are usually large, established firms that pay stable dividends. However, the dividend yield can fluctuate depending on market conditions and the specific exclusions made by the ETF.

Investors should note that the dividend yield may be lower compared to other ETFs or traditional equity funds, due to the specific investment criteria of the ETF.