SPXZ
Morgan Creek - Exos SPAC Originated ETFSPXZ Fund Description
SPXZ is actively-managed to invest in SPAC-derived IPOs that have completed or yet to complete a business combination.
SPXZ Factset Analytics Insight
This fund is closing. The last day of trading will be August 17, 2022. SPXZ provides an actively-managed exposure to Special Purpose Acquisitions Corporations (SPACs) that targets roughly 33% in pre-combination and 66% in post-combination SPACs, weighted equally within their groups. SPACs are companies with no commercial operations other than to raise capital for the purpose of acquiring others. Pre-combination SPACS are SPAC-derived IPOs still seeking for mergers and have liquidation risk if they fail to combine in a two-year period while post-combination are SPAC-derived IPOs that have successfully merged in the last three years. The portfolio selection will mainly include the 50 largest publicly-traded US-listed SPACs. Due to monthly rebalancing, SPXZ may have a high portfolio turnover rate, which potentially leads to higher trading costs and capital gains distributions.
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SPXZ Portfolio Management
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SPXZ Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of SPXZ. SPXZ is rated a N/A out of 5.
SPXZ Tradability
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SPXZ Economic Development
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SPXZ Benchmark Comparison Summary
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SPXZ Benchmark Comparison Market Cap Size
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