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 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
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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
Fund Details
| YTD | 1 Months | 3 Months | 6 Months | 1 Year | Since Inception | |
|---|---|---|---|---|---|---|
| Total Return (%) | -19.75% | -2.04% | -7.93% | -23.62% | xx.xx% | -9.08% |
| Market Price (%) | -19.94% | -2.22% | -8.14% | -23.70% | 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 | Since Inception | |
|---|---|---|---|---|---|---|
| Total Return (%) | -18.08% | -11.23% | -8.88% | -22.13% | xx.xx% | -7.19% |
| Market Price (%) | -18.13% | -11.25% | -8.72% | -22.20% | 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 | Since Inception | |
|---|---|---|---|---|---|---|
| Total Return (%) | -7.72% | 5.87% | -0.16% | -7.72% | xx.xx% | 4.55% |
| Market Price (%) | -7.75% | 5.85% | -0.04% | -7.75% | 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 | 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 (%) | -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 (%) | 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 (%) | 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% | 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% |
| 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 (%) | 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% | 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% |
| 2020 | |
|---|---|
| Total Return (%) | xx.xx% |
| Market Price (%) | xx.xx% |
| Name | Symbol | Stock price | % Price change | % Net assets | Shares Held | Market Value | |
|---|---|---|---|---|---|---|---|
 | Lucid Group Inc | LCID | $24.35 | 6.05% | 8.99% | 181,357 | 4,163,957 |
 | Draftkings Inc | DKNG | $56.90 | -5.93% | 4.91% | 37,660 | 2,275,417 |
 | Pershing Square Tontine Hldgs Com Cl A | PSTH | $19.68 | -0.10% | 2.52% | 59,286 | 1,167,934 |
 | Ironsource Ltd | IS | $12.25 | -4.92% | 1.85% | 69,239 | 858,564 |
 | Sofi Technologies Inc | SOFI | $14.63 | -3.05% | 1.69% | 52,007 | 784,786 |
 | Vertiv Holdings Co | VRT | $24.25 | 0.55% | 1.60% | 31,243 | 741,396 |
 | Alight Inc | ALIT | $12.24 | -2.91% | 1.34% | 50,079 | 618,976 |
| Ginkgo Bioworks Holdings Inc Cl A Shs | DNA | $11.21 | -8.05% | 1.34% | 51,170 | 623,251 | |
| Matterport Inc | MTTR | $20.08 | -10.34% | 1.31% | 27,352 | 608,582 | |
 | Austerlitz Acquisition Corp Ii Com Cl A | ASZ | $9.73 | -0.21% | 1.23% | 58,477 | 570,736 |
| Download Fund Documents |
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Distribution
| Ex-Date | Total Distribution |
|---|---|
| 12/29/2020 | $0.00 |
| 03/24/2021 | $0.00 |
Download Distribution Schedule  | |
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.
