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      SPAX vs. SPCX ETF Comparison

      Comparison of Robinson Alternative Yield Pre-merger SPAC ETF (SPAX) to SPAC and New Issue ETF (SPCX)
      SPAX

      Robinson Alternative Yield Pre-merger SPAC ETF

      SPAX Description

      The Robinson Alternative Yield Pre-Merger SPAC ETF (SPAX) is an actively managed exchange-trade fund (ETF) that invests in Special Purpose Acquisition Companies (SPACs), also known as blank check companies. SPAX seeks to provide total return while minimizing downside risk. SPAX invests primarily in equity securities, specifically units and shares of common stock and warrants of U.S.-listed SPACs. SPAX expects to invest the majority of its assets in SPACs which are small capitalization companies. The Fund intends to exit any SPAC units, common shares and warrants prior to the completion of a business combination, seeking to minimize downside risk.

      Grade (RS Rating)

      Last Trade

      $20.27

      Average Daily Volume

      3,076

      Number of Holdings *

      18

      * may have additional holdings in another (foreign) market
      SPCX

      SPAC and New Issue ETF

      SPCX Description The investment seeks to provide total return. In pursuing the fund's investment objective, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in units and shares of Special Purpose Acquisitions Corporations (SPACs) that have a minimum capitalization of $100 million and companies that completed an initial public offering (IPO) within the last two years. It may also invest in depositary receipts for cash management purposes or due to a lack of suitable investment opportunities, the fund may hold up to 20% of its net assets in cash or similar short-term, high-quality debt securities.

      Grade (RS Rating)

      Last Trade

      $23.59

      Average Daily Volume

      1,291

      Number of Holdings *

      1

      * may have additional holdings in another (foreign) market
      Performance
      Period SPAX SPCX
      30 Days 0.40% 0.23%
      60 Days 0.44% 0.19%
      90 Days 1.13% 0.06%
      12 Months 1.76% 0.58%
      1 Overlapping Holdings
      Symbol Grade Weight in SPAX Weight in SPCX Overlap
      FLD B 2.6% 3.23% 2.6%
      SPAX Overweight 17 Positions Relative to SPCX
      Symbol Grade Weight
      AOGO A 2.97%
      CNDA F 2.87%
      TGAA C 2.22%
      CFFS B 1.87%
      ONYX B 1.79%
      PRLH A 1.57%
      IVCP B 1.55%
      BLEU B 1.36%
      GHIX F 1.35%
      GAQ A 0.71%
      IMAQ C 0.56%
      PWUP D 0.43%
      PPYA D 0.28%
      ROCL B 0.24%
      MSSA B 0.19%
      BRKH A 0.12%
      VMCA C 0.03%
      SPAX Underweight 0 Positions Relative to SPCX
      Symbol Grade Weight

      SPAX: Top Represented Industries & Keywords

      Industries: Shell Companies
      Keywords: Mergers And Acquisitions Private Equity Special Purpose Acquisition Company Reverse Takeover Alec Gores Enterprise Software Financial Capital

      SPCX: Top Represented Industries & Keywords

      Industries: Shell Companies
      Keywords: Mergers And Acquisitions Private Equity Special Purpose Acquisition Company
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