SPAKDefiance Next Gen SPAC Derived ETF
SPAK Fund Description
SPAK tracks an index of US-listed, Special Purpose Acquisitions Corporations (SPACs) and SPAC-derived companies.
SPAK Factset Analytics Insight
SPAK is the first ETF to offer exposure to Special Purpose Acquisitions Corporations (SPACs), also known as “blank check” companies, and the stocks in which they invest. SPACs are companies with no commercial operations other than to raise capital for the purpose of acquiring others. The fund will track an index of US-listed SPACs and actively traded SPAC-derived companies, most often recent IPOs. To be eligible for index inclusion, securities must meet minimum market capitalization of $250 million, have free float of 10%, meet minimum trading volume and liquidity requirements. At the annual reconstitution and rebalance, in July, the index is weighted 60% to SPAC-derived companies and 40% to SPACs themselves. Within each category, individual holdings are market-cap weighted and subject to capping requirements. In addition to the annual reconstitution in July and quarterly rebalance, new SPACs and SPAC-derived companies may be added on a monthly basis. Prior to February 1, 2021, the index was allocated 80% to SPAC-derived companies and 20% to SPACs themselves.
SPAK MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
SPAK Summary Data
SPAK Portfolio Data
SPAK Index Data
SPAK Portfolio Management
SPAK Tax Exposures
SPAK Fund Structure
SPAK Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of SPAK. SPAK is rated a N/A out of 5.
SPAK Economic Development
SPAK Performance Statistics
SPAK Benchmark Comparison Summary
SPAK Benchmark Comparison Market Cap Size