RiverNorth Enhanced Pre-Merger SPAC ETF

Frequently Asked Questions About SPCZ

What does SPCZ invest in?

Under normal market conditions, the fund seeks to invest primarily in units made up of common stock, warrants and rights of U.S.-listed special purpose acquisition companies (“SPACs”). In seeking to achieve the fund’s investment objective, the sub-adviser will monitor the fund’s portfolio and adjust positions based on changes in expectations of the investments or the availability of better alternatives. At least 80% of the fund’s net assets, plus borrowings for investment purposes, will be invested in Pre-Merger SPACs. The fund is non-diversified.

What is the expense ratio of SPCZ?

RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ) charges an expense ratio of 0.59%. This is the annual fee deducted from fund assets to cover management and operations.

How big is SPCZ?

RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ) manages $7.1M 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 SPCZ actively managed or an index fund?

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

When was SPCZ launched?

RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ) launched in July 2022 and is managed by TrueShares.

How has SPCZ performed?

SPCZ'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.