Spear Alpha ETF

Frequently Asked Questions About SPRX

What does SPRX invest in?

The fund is an actively-managed exchange-traded fund (“ETF”) that will invest primarily in equity securities, including common stock or American depositary receipts (“ADRs”) of companies that Spear Advisors LLC (the “Adviser”) believes are poised to benefit from breakthrough innovation in industrial technology. The Adviser defines innovations in industrial technology as those technological developments that are transforming or have the potential to transform the industrial sector. It is non-diversified.

What is the expense ratio of SPRX?

Spear Alpha ETF (SPRX) charges an expense ratio of 0.75%. This is the annual fee deducted from fund assets to cover management and operations.

How big is SPRX?

Spear Alpha ETF (SPRX) manages $258.5M 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 SPRX actively managed or an index fund?

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

When was SPRX launched?

Spear Alpha ETF (SPRX) launched in August 2021 and is managed by Spear.

How has SPRX performed?

SPRX'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.