Key stats
About CrossingBridge Pre-Merger SPAC ETF
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Inception date
Sep 21, 2021
Structure
Open-Ended Fund
Dividend treatment
Capitalizes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Crossingbridge Advisors LLC
Distributor
Foreside Fund Services LLC
SPC actively invests in SPACs that havent completed a shareholder-approved merger or business combination. While focused on US-listed SPACs, the fund could invest in foreign SPACs, including Canada, the Cayman Islands, Bermuda, and the Virgin Islands. SPACs should be trading at or below the SPACs pro rata trust account value to be selected and will be disposed after the merger or business combination. The adviser uses quantitative and qualitative analyses in making investments. The quantitative analysis focuses on the current market price relative to a SPACs underlying pro-rata trust account value and the yield to expected liquidation or redemption date. The qualitative analysis may include factors such as a sponsors background and experience, target industry, and terms of transaction. SPC may also invest in securities offered in a SPAC IPO and may receive additional securities that may include founder shares and warrants that could have restrictions on resale.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
UNIT
Stocks84.58%
Finance84.56%
Bonds, Cash & Other15.42%
UNIT13.64%
Rights & Warrants1.01%
Mutual fund0.80%
Cash−0.03%
Stock breakdown by region
North America82.76%
Asia15.21%
Europe2.03%
Latin America0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history