SPAC and New Issue ETF

Frequently Asked Questions About SPCK

What does SPCK invest in?

The fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in units and shares of Special Purpose Acquisitions Companies (“SPACs”) that have a minimum capitalization of $100 million and companies that completed an initial public offering (“IPO”) within the last two years. The fund may also invest in depositary receipts or appropriate ETFs for cash management purposes or due to a lack of suitable investment opportunities, the fund may hold up to 20% of its net assets in cash or similar short-term, high-quality debt securities.

What is the expense ratio of SPCK?

SPAC and New Issue ETF (SPCK) charges an expense ratio of 0.00%. This is the annual fee deducted from fund assets to cover management and operations.

How big is SPCK?

SPAC and New Issue ETF (SPCK) manages — in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is SPCK actively managed or an index fund?

SPCK's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was SPCK launched?

SPAC and New Issue ETF (SPCK) launched in December 2020 and is managed by the fund issuer.

How has SPCK performed?

SPCK's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.