SPCZ

RiverNorth Enhanced Pre-Merger SPAC ETF
*Unless otherwise stated, data provided by FactSet.

SPCZ Fund Description

SPCZ is an actively managed fund that holds US-listed, small- and mid-cap pre-combination SPAC securities.

SPCZ Factset Analytics Insight

SPCZ actively invests in equities and warrants of US-listed pre-combination SPACs, which are those seeking or have not yet completed a combination with a target. The fund advisers combine quantitative and qualitative analysis, with fundamental and technical analysis to assess the relative risk/reward potential of its investment universe, and to select those SPACs with the greatest potential returns. Sponsors of these SPACs are also closely evaluated based on the team’s strategy, experience, deal flow, and demonstrated track record in building enterprise value. History of a company's growing operating business is also considered. Moreover, the advisers will evaluate a SPAC’s market value relative to the value of the fund’s share of the SPAC to realize additional value. In managing the fund, the sub-adviser monitors the portfolio and adjusts positions based on expected returns or availability of better alternatives.

PERFORMANCE [as of 08/18/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
SPCZ -- -- -- -- -- -- --
SPCZ (NAV) 0.24% -- -- -- -- -- --
No Underlying Index -- -- -- -- -- -- --
MSCI USA SMID Cap Index -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

SPCZ Summary Data

RiverNorth
07/12/22
Open-Ended Fund
0.89%
$3.76M
$142.63K
0.28%
N/A

SPCZ Portfolio Data

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N/A
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SPCZ Index Data

No Underlying Index
Proprietary
Proprietary
MSCI USA SMID Cap Index

SPCZ Portfolio Management

0.89%
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SPCZ Tax Exposures

20.00% / 39.60%
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Ordinary income
No

SPCZ Fund Structure

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

SPCZ Factset Analytics Block Liquidity

As of 08/19/22
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of SPCZ. SPCZ is rated a N/A out of 5.

SPCZ Tradability

5,694
$142.63K
0
0
0.28%
$0.07
0.13%
0.72% / -0.11%
None
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25,000
0
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$25.03
N/A

SPCZ Performance Statistics

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0.00%
MSCI USA SMID Cap Index

SPCZ Benchmark Comparison Holdings

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SPCZ Benchmark Comparison Summary


SPCZ
Segment Benchmark
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SPCZ Benchmark Comparison Market Cap Size


SPCZ
Segment Benchmark
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Options Strategies for Outcome Investing

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.