$SPAK
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SPAK

$14.5

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 access to some of the biggest investment deals in the market.

Even before the onset of Covid-19, which made the roadshow practically much more difficult, there was a need for greater transparency and efficiency in the traditional IPO process. SPACs offer a quicker and simpler route to public status, bring retail investors in to changing trends and emerging opportunities.

While it’s hard to predict which SPACs will be successful, an ETF mitigates some of this risk by spreading exposure over a range of the largest SPAC companies. 2020 saw 248 SPACs raising over $83.4 billion1. As of June 6, 2021, there are 421 SPACs looking for an acquisition with a buying power of $134 billion.2

—

1 “The SPAC Boom, Visualized,” Elliot Bentley, February 10, 2021. https://www.wsj.com/articles/the-spac-boom-visualized-in-one-chart-11612962000

2 Spacdata.com. Accessed 6.2.2021

Fund Data and Pricing

Net Assets $15.88M
Premium/discount 0.43%
NAV $14.44
Closing Price $14.50
Shares Outstanding 1,100,000
Median 30 Day Spread 0.25%
Data as of 05/16/2022

Fund Details

Fund inception 09/30/2020
Ticker SPAK
Primary Exchange NYSE
CUSIP 26922B204
Fund Holdings 405
NAV Symbol SPAK.NV
Expense Ratio 0.45%
30 Day SEC Yield* (0.37)%
* Yield as of 4.29.22

SPAKMarket Price

YTD 1 Months 3 Months 6 Months 1 Year 3 Years Since Inception
Total Return (%) -26.13% -11.83% -13.43% -35.11% -38.15% xx.xx% -37.00%
Market Price (%) -26.06% -11.51% -13.47% -35.10% -38.03% xx.xx% -36.95%
1 Year Since Inception
Total Return (%) -38.15% -25.35%
Market Price (%) -38.03% -25.31%
YTD 1 Months 3 Months 6 Months 1 Year 3 Years Since Inception
Total Return (%) -16.21% 0.21% -16.21% -21.37% -31.77% xx.xx% -28.55%
Market Price (%) -16.44% -0.11% -16.44% -21.54% -31.93% xx.xx% -28.75%
1 Year Since Inception
Total Return (%) -31.77% -20.09%
Market Price (%) -31.93% -20.24%
YTD 1 Months 3 Months 6 Months 1 Year 3 Years Since Inception
Total Return (%) -16.39% -2.02% -24.01% -21.58% -40.10% xx.xx% -28.70%
Market Price (%) -16.35% -2.10% -23.71% -21.45% -40.07% xx.xx% -28.67%
1 Year Since Inception
Total Return (%) -40.10% -21.28%
Market Price (%) -40.07% -21.26%
YTD 1 Months 3 Months 6 Months 1 Year 3 Years Since Inception
Total Return (%) -14.67% -14.67% -25.04% -21.59% -38.94% xx.xx% -27.23%
Market Price (%) -14.55% -14.55% -25.00% -21.55% -38.97% xx.xx% -27.14%
1 Year Since Inception
Total Return (%) -38.94% -21.16%
Market Price (%) -38.97% -21.09%
YTD 1 Months 3 Months 6 Months 1 Year 3 Years Since Inception
Total Return (%) -24.72% -9.11% -6.15% -18.43% -24.72% xx.xx% -14.72%
Market Price (%) -24.83% -8.81% -6.10% -18.51% -24.83% xx.xx% -14.73%
1 Year Since Inception
Total Return (%) -24.72% -11.94%
Market Price (%) -24.83% -11.95%
YTD 1 Months 3 Months 6 Months 1 Year 3 Years Since Inception
Total Return (%) -17.18% -3.35% 3.20% -4.99% -11.76% xx.xx% -6.17%
Market Price (%) -17.57% -3.75% 2.97% -5.41% -12.17% xx.xx% -6.50%
1 Year Since Inception
Total Return (%) -11.76% -5.31%
Market Price (%) -12.17% -5.59%
YTD 1 Months 3 Months 6 Months 1 Year 3 Years Since Inception
Total Return (%) -14.30% 6.84% 4.61% -4.68% 9.62% xx.xx% -2.92%
Market Price (%) -14.36% 6.98% 4.61% -4.52% 9.56% xx.xx% -2.85%
1 Year Since Inception
Total Return (%) 9.62% -2.69%
Market Price (%) 9.56% -2.63%
YTD 1 Months 3 Months 6 Months 1 Year 3 Years Since Inception
Total Return (%) -19.79% -0.05% -13.08% -13.22% -9.13% xx.xx% -9.13%
Market Price (%) -19.94% 0.00% -13.21% -13.25% -9.19% xx.xx% -9.19%
1 Year Since Inception
Total Return (%) -9.13% -9.13%
Market Price (%) -9.19% -9.19%
YTD 1 Months 3 Months 6 Months 1 Year 3 Years Since Inception
Total Return (%) -19.75% -2.04% -7.93% -23.62% xx.xx% xx.xx% -9.08%
Market Price (%) -19.94% -2.22% -8.14% -23.70% xx.xx% xx.xx% -9.19%
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 3 Years Since Inception
Total Return (%) -18.08% -11.23% -8.88% -22.13% xx.xx% xx.xx% -7.19%
Market Price (%) -18.13% -11.25% -8.72% -22.20% xx.xx% xx.xx% -7.13%
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 3 Years Since Inception
Total Return (%) -7.72% 5.87% -0.16% -7.72% xx.xx% xx.xx% 4.55%
Market Price (%) -7.75% 5.85% -0.04% -7.75% xx.xx% xx.xx% 4.64%
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 3 Years Since Inception
Total Return (%) -12.83% -3.05% -17.04% -7.13% xx.xx% xx.xx% -1.25%
Market Price (%) -12.85% -2.84% -16.94% -7.15% xx.xx% 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 3 Years Since Inception
Total Return (%) -10.09% -2.74% -14.54% 15.00% xx.xx% xx.xx% 1.85%
Market Price (%) -10.30% -2.80% -14.77% 14.75% xx.xx% 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 3 Years Since Inception
Total Return (%) -7.57% -12.02% -7.57% 4.72% xx.xx% xx.xx% 4.72%
Market Price (%) -7.72% -12.05% -7.72% 4.68% xx.xx% 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 3 Years Since Inception
Total Return (%) 5.07% -0.12% 11.94% xx.xx% xx.xx% xx.xx% 19.03%
Market Price (%) 4.92% -0.30% 11.80% xx.xx% 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 3 Years Since Inception
Total Return (%) 5.20% 5.20% 34.56% xx.xx% xx.xx% xx.xx% 19.18%
Market Price (%) 5.24% 5.24% 34.63% xx.xx% 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 3 Years Since Inception
Total Return (%) xx.xx% 6.54% 13.29% xx.xx% xx.xx% xx.xx% 13.29%
Market Price (%) xx.xx% 6.55% 13.43% xx.xx% xx.xx% xx.xx% 13.43%
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 3 Years Since Inception
Total Return (%) xx.xx% 20.06% xx.xx% xx.xx% xx.xx% xx.xx% 6.33%
Market Price (%) xx.xx% 20.06% xx.xx% 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 3 Years Since Inception
Total Return (%) xx.xx% -11.43% xx.xx% xx.xx% xx.xx% xx.xx% -11.43%
Market Price (%) xx.xx% -11.33% xx.xx% 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 3 Years Since Inception
Total Return (%) xx.xx% xx.xx% xx.xx% xx.xx% xx.xx% xx.xx% 0.00%
Market Price (%) xx.xx% 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%
2020 2021
Total Return (%) xx.xx% -24.72%
Market Price (%) xx.xx% -24.83%
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.

Top Holdings

View full holdings
Name Symbol Stock price % Price change % Net assets Shares Held Market Value
Lucid Group Inc LCID $17.64 1.44% 3.14% 28,727 498,701
Pershing Square Tontine Hldgs Com Cl A PSTH $19.86 1.44% 2.69% 21,523 426,801
Grab Holdings Limited GRAB $2.69 4.08% 1.62% 100,023 257,559
Mp Materials Corp MP $36.68 4.05% 1.55% 6,983 246,570
Draftkings Inc New DKNG $12.88 2.64% 1.52% 19,334 241,288
Sofi Technologies Inc SOFI $7.11 2.75% 1.42% 32,572 225,073
Vertiv Holdings Co VRT $10.79 -4.51% 1.12% 16,443 177,420
Blue Owl Capital Inc OWL $13.00 -4.51% 1.05% 14,949 166,233
Opendoor Technologies Inc OPEN $7.39 2.65% 0.95% 20,985 150,253
Kkr Acquisition Holding I Corp Com Class A KAHC $9.80 2.65% 0.91% 14,822 144,959
Data as of 05/17/2022. Fund holdings are subject to change at any time and should not be considered recommendations to buy or sell any security.
View full holdings

Reasons to invest in SPAK

SPACs leading traditional IPOs

SPACs’ flexibility, transparency3 and wide access means that more money is being channeled for SPAC deals in 2021 than via the traditional IPO method.4

Experienced Sponsors

While SPACs lack the IPO “gatekeeper” underwriters, many are led by seasoned deal-makers such as Chamath Palihapitya, Bill Ackman or Michael Klein.

Innovation-sensitive

SPAC sponsors and investors both want to profit from emerging trends and innovation. The SPAC vehicle can expediate the public status of a company on the cutting edge of its field.

Complete IPO flow.

SPAK covers the pre-deal SPACs and the post-merger companies for the subsequent two years, giving investors access to a lot of growth potential.