SPAQ vs. FDNI ETF Comparison

Comparison of Horizon Kinetics SPAC Active ETF (SPAQ) to First Trust Dow Jones International Internet ETF (FDNI)

SPAQ

Horizon Kinetics SPAC Active ETF

SPAQ Description

As of March 16, 2022, Spartan Acquisition Corp. III was acquired by SPARTAN Acquisition CORP. III, in a reverse merger transaction. Spartan Acquisition Corp. III focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2020 and is based in New York, New York.

Grade (RS Rating)

Last Trade

$99.12

Average Daily Volume

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FDNI

First Trust Dow Jones International Internet ETF

FDNI Description

The investment seeks the results that correspond generally to the price and yield (before the fund’s fees and expenses) of an equity index called the Dow Jones International Internet Index (the “index”). The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index is developed, maintained and sponsored by S&P Dow Jones Indices LLC and is designed to measure the performance of securities of non-U.S. issuers whose primary business focus is Internet-related. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$25.52

Average Daily Volume

7,788

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SPAQ	FDNI
30 Days	-0.27%	3.70%
60 Days	0.15%	9.28%
90 Days	0.29%	6.87%
12 Months	0.51%	20.62%

0 Overlapping Holdings

	Symbol	Grade	Weight in SPAQ	Weight in FDNI	Overlap

SPAQ Overweight 8 Positions Relative to FDNI

Symbol	Grade	Weight
SVII	B	4.98%
ALF	C	4.95%
LCW	C	4.66%
LEGT	C	4.63%
IBAC	C	4.61%
HYAC	C	4.56%
BOWN	B	4.5%
AACT	A	4.43%

SPAQ Underweight 14 Positions Relative to FDNI

Symbol	Grade	Weight
BABA	B	-11.28%
SHOP	C	-8.39%
PDD	F	-6.31%
SPOT	B	-4.82%
FLUT	B	-3.93%
SE	B	-2.75%
CPNG	B	-2.68%
BIDU	D	-2.38%
XRX	D	-1.36%
WIX	D	-0.87%
TME	F	-0.62%
BZ	F	-0.41%
MBAVU	C	-0.41%
VIPS	D	-0.36%

SPAQ: Top Represented Industries & Keywords

Industries: Shell Companies

Keywords: Mergers And Acquisitions Private Equity Special Purpose Acquisition Company Reverse Takeover