$SPAK

SPAK

$26.4

The first SPAC ETF

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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

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

Net Assets $60.97M
Premium/discount -0.13%
NAV $26.22
Closing Price $26.19
Shares Outstanding 2,325,000
Median 30 Day Spread 0.16%
Data as of 06/11/2021

Fund Details

Fund inception 09/30/2020
Ticker SPAK
Primary Exchange NYSE
CUSIP 26922B204
Fund Holdings 239
NAV Symbol SPAK.NV
Expense Ratio 0.45%
30 Day SEC Yield* (0.34)%
* Yield as of 5/28/21
SPAK
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 (%) -10.09% -2.74% -14.54% 15.00% xx.xx% 1.85%
Market Price (%) -10.30% -2.80% -14.77% 14.75% xx.xx% 1.74%
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 (%) -12.83% -3.05% -17.04% -7.13% xx.xx% -1.25%
Market Price (%) -12.85% -2.84% -16.94% -7.15% xx.xx% -1.15%
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%
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained by calling 833.333.9383. Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Market price is the price at which shares in the ETF can be brought or sold on the exchanges during trading hours, while the net asset value (NAV) represents the value of each share’s portion of the fund’s underlying assets and cash at the end of the trading day.
Name Symbol Stock price % Net assets Shares Held Market Value
Draftkings Inc DKNG $53.14 5.99% 68,714 3,651,462
Clarivate Plc CLVT $26.52 3.40% 78,270 2,075,720
Paysafe Limited PSFE $11.95 3.40% 173,426 2,072,441
Churchill Capital Corp Iv CCIV $25.14 2.91% 70,504 1,772,471
Vertiv Holdings Co VRT $26.21 2.87% 66,801 1,750,854
Pershing Square Tontine Hldgs Com Cl A PSTH $22.86 2.56% 68,393 1,563,464
Virgin Galactic Holdings Inc Com SPCE $35.1 2.23% 38,673 1,357,422
Skillz Inc SKLZ $21.48 1.96% 55,663 1,195,641
Opendoor Technologies Inc OPEN $17.2 1.72% 60,974 1,048,753
Chargepoint Holdings Inc CHPT $28.72 1.66% 35,221 1,011,547
Data as of 06/14/2021. Fund holdings are subject to change at any time and should not be considered recommendations to buy or sell any security.
View full holdings
Download Fund Documents
Investment Case
Fact Sheet
Index Methodology Guide
Prospectus
Summary Prospectus
SAI
Premium Discount Graph
Annual Report

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.