SPAK

Defiance Next Gen SPAC Derived ETF
*Unless otherwise stated, data provided by FactSet.

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.

PERFORMANCE [as of 11/29/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
SPAK 2.47% 5.10% -16.56% -10.76% -- -- --
SPAK (NAV) -2.05% 4.26% -16.06% -12.05% -- -- --
Indxx SPAC & NextGen IPO Index -- -- -- -- -- -- --
MSCI USA IMI 0.60% 2.73% 23.83% 28.73% 21.64% 18.13% 16.80%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

SPAK Summary Data

Defiance ETFs
Defiance
09/30/20
Open-Ended Fund
0.45%
$37.59M
$579.45K
0.18%

SPAK Portfolio Data

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N/A
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SPAK Index Data

Indxx SPAC & NextGen IPO Index
Tiered
Time Since Listing
MSCI USA IMI

SPAK Portfolio Management

0.45%
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--
--

SPAK Tax Exposures

20.00% / 39.60%
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Qualified dividends
No

SPAK Fund Structure

Open-Ended Fund
No
No
-- / --
N/A
N/A
Medium
Daily

SPAK Factset Analytics Block Liquidity

As of 11/30/21
5
4
3
2
1

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 Tradability

24,404
$579.45K
17,162
$392.06K
0.18%
$0.04
-0.04%
0.23% / -0.24%
None
31.00%
50,000
0.34
0.04%
--
580
$24.00
N/A

SPAK Countries


SPAK
Segment Benchmark
--
99.93%
--
0.07%

SPAK Regions


SPAK
Segment Benchmark
--
100.00%

SPAK Economic Development


SPAK
Segment Benchmark
--
100.00%

SPAK Performance Statistics

0.31
1.25
1.05
1.52
1.64%
MSCI USA IMI

SPAK Benchmark Comparison Holdings

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SPAK Benchmark Comparison Summary


SPAK
Segment Benchmark
--
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--
--
--
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Medium
--

SPAK Benchmark Comparison Market Cap Size


SPAK
Segment Benchmark
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