SPAK
The first SPAC ETF
Democratizing and Disrupting the IPO market
SPACs let the next generation investor in on the deals to bring the most ambitious and innovative companies public.
Picking the winners of individual SPACs can be very difficult, however the ETF structure allows investors to access the most liquid SPAC IPOs in a diversified basket. SPAK allows both financial advisors and retail investors to participate in an IPO private equity style of investing which is usually only available to large financial institutions. A 60% weighting is applied to IPO companies derived from SPACs and 40% is allocated to common stock of newly listed Special Purpose Acquisition Companies (“SPACs”), ex-warrants.
The Indxx SPAC & NextGen IPO Index is a passive rules-based index that tracks the performance of the common stock of newly listed Special Purpose Acquisition Companies (“SPACs”), ex-warrants, and initial public offerings (“IPOs”) derived from Acquisition Companies. SPACs are companies with no commercial operations that are established solely to raise capital from investors for the purpose of acquiring one or more operating businesses.
Why Invest in a SPAC ETF?
SPACs give emerging companies both flexibility and control, while investors finally have open access to some of the biggest investment deals in the market.
The IPO process is institutionalized, cumbersome and inflexible, especially in adapting to the Covid-19 reality where virtual road shows are less effective, and uncertainty is rife. Enter the Special Purchase Acquisition Company (SPAC), an alternative route for a company to go public, which can be cheaper, quicker, more transparent and involves agreements and processes more within the purview and control of the company.
SPACs have grown in popularity as they increasingly attract high-worth, credible sponsors. As the quality of their founders and the success of their merger companies grows, so does their integrity in the wider investment community. So far in 2020, SPACs have raised $22.5 billion to spend on deals, exceeding the record $13.6 billion raised in 2019.1
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1 “Wall Street holds the cards as Main Street chases blank-check deal frenzy,” Joshua Franklin, Krystal Hu, August 18, 2020. https://www.reuters.com/article/us-usa-spac-wallstreet-analysis-idUSKCN25E166
Fund Data and Pricing
Fund Details
YTD | 1 Months | 3 Months | 6 Months | 1 Year | Since Inception | |
---|---|---|---|---|---|---|
Total Return (%) | 5.07% | -0.12% | 11.94% | xx.xx% | xx.xx% | 19.03% |
Market Price (%) | 4.92% | -0.30% | 11.80% | xx.xx% | xx.xx% | 19.02% |
1 Year | Since Inception | |
---|---|---|
Total Return (%) | xx.xx% | xx.xx% |
Market Price (%) | xx.xx% | xx.xx% |
YTD | 1 Months | 3 Months | 6 Months | 1 Year | Since Inception | |
---|---|---|---|---|---|---|
Total Return (%) | -7.57% | -12.02% | -7.57% | 4.72% | xx.xx% | 4.72% |
Market Price (%) | -7.72% | -12.05% | -7.72% | 4.68% | xx.xx% | 4.68% |
1 Year | Since Inception | |
---|---|---|
Total Return (%) | xx.xx% | xx.xx% |
Market Price (%) | xx.xx% | xx.xx% |
YTD | 1 Months | 3 Months | 6 Months | 1 Year | Since Inception | |
---|---|---|---|---|---|---|
Total Return (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | 0.00% |
Market Price (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | 0.00% |
1 Year | Since Inception | |
---|---|---|
Total Return (%) | xx.xx% | xx.xx% |
Market Price (%) | xx.xx% | xx.xx% |
YTD | 1 Months | 3 Months | 6 Months | 1 Year | Since Inception | |
---|---|---|---|---|---|---|
Total Return (%) | xx.xx% | 20.06% | xx.xx% | xx.xx% | xx.xx% | 6.33% |
Market Price (%) | xx.xx% | 20.06% | xx.xx% | xx.xx% | xx.xx% | 6.46% |
1 Year | Since Inception | |
---|---|---|
Total Return (%) | xx.xx% | xx.xx% |
Market Price (%) | xx.xx% | xx.xx% |
YTD | 1 Months | 3 Months | 6 Months | 1 Year | Since Inception | |
---|---|---|---|---|---|---|
Total Return (%) | 5.20% | 5.20% | 34.56% | xx.xx% | xx.xx% | 19.18% |
Market Price (%) | 5.24% | 5.24% | 34.63% | xx.xx% | xx.xx% | 19.37% |
1 Year | Since Inception | |
---|---|---|
Total Return (%) | xx.xx% | xx.xx% |
Market Price (%) | xx.xx% | xx.xx% |
YTD | 1 Months | 3 Months | 6 Months | 1 Year | Since Inception | |
---|---|---|---|---|---|---|
Total Return (%) | xx.xx% | -11.43% | xx.xx% | xx.xx% | xx.xx% | -11.43% |
Market Price (%) | xx.xx% | -11.33% | xx.xx% | xx.xx% | xx.xx% | -11.33% |
1 Year | Since Inception | |
---|---|---|
Total Return (%) | xx.xx% | xx.xx% |
Market Price (%) | xx.xx% | xx.xx% |
YTD | 1 Months | 3 Months | 6 Months | 1 Year | Since Inception | |
---|---|---|---|---|---|---|
Total Return (%) | xx.xx% | 6.54% | 13.29% | xx.xx% | xx.xx% | 13.29% |
Market Price (%) | xx.xx% | 6.55% | 13.43% | xx.xx% | xx.xx% | 13.43% |
1 Year | Since Inception | |
---|---|---|
Total Return (%) | xx.xx% | xx.xx% |
Market Price (%) | xx.xx% | xx.xx% |
2020 | |
---|---|
Total Return (%) | xx.xx% |
Market Price (%) | xx.xx% |
Name | Symbol | Stock price | % Net assets | Shares Held | Market Value | |
---|---|---|---|---|---|---|
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Draftkings Inc | DKNG | $59.24 | 10.16% | 118,252 | 7,005,248 |
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Opendoor Technologies Inc | OPEN | $20.6 | 4.85% | 162,450 | 3,346,470 |
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Pershing Square Tontine Hldgs Com Cl A | PSTH | $24.72 | 4.50% | 125,625 | 3,105,450 |
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Clarivate Plc | CLVT | $26.13 | 3.61% | 95,205 | 2,487,707 |
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Churchill Capital Corp Iv | CCIV | $22.09 | 3.33% | 104,020 | 2,297,802 |
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Vertiv Holdings Co | VRT | $21.96 | 2.74% | 86,189 | 1,892,710 |
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Mp Materials Corp | MP | $34.25 | 2.03% | 40,862 | 1,399,524 |
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Virgin Galactic Holdings Inc Com | SPCE | $26.88 | 1.97% | 50,675 | 1,362,144 |
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Open Lending Corp | LPRO | $38.1 | 1.83% | 33,041 | 1,258,862 |
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Skillz Inc | SKLZ | $16.37 | 1.57% | 66,211 | 1,083,874 |
Reasons to invest in SPAK
SPACs are overtaking traditional IPOs.
Their flexibility, transparency and wide access mean that far more money is being raised for SPAC deals in 2021 than via the old-school IPO process.
Expert leadership.
The best SPACs are led by credible, seasoned deal-makers with experience in spotting potential
Flexible exposure.
SPAC shareholders can get their money back if they don’t like the deal offered, thereby incentivizing quality targets.
Complete IPO flow.
SPAK covers the pre-deal SPACs and the post-merger companies for the subsequent 2 years, giving investors access to a lot of growth potential.