Key stats
About SPAC and New Issue ETF
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Inception date
Dec 16, 2020
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
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
Tuttle Capital Management LLC
Distributor
Foreside Fund Services LLC
SPCX is the first actively managed Special Purpose Acquisitions Corporations (SPACs) ETF in the market. The fund seeks capital appreciation by holding a broad portfolio of SPACs or blank check companies and firms that have completed their initial public offering (IPO) within the last two years. SPACs are companies that have no commercial operations or specific business plans and are formed to merge or acquire other businesses. The adviser uses fundamental analysis to identify favorable opportunities and to assess a companys management and business model. Additionally, the fund may invest in depositary receipts and may hold up to 20% of its assets in cash or other short-term debt securities. Due to frequent trading, SPCX may have a high portfolio turnover rate, which potentially leads to higher trading costs and capital gains distributions. Prior to August 5, 2022, the fund traded under the name The SPAC and New Issue ETF.
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
Stocks49.95%
Finance49.94%
Health Technology0.01%
Bonds, Cash & Other50.05%
UNIT45.88%
Cash3.46%
Rights & Warrants0.71%
Stock breakdown by region
North America98.90%
Asia1.10%
Latin America0.00%
Europe0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SPCX invests in stocks. The fund's major sectors are Finance, with 49.94% stocks, and Health Technology, with 0.01% of the basket. The assets are mostly located in the North America region.
SPCX top holdings are Colombier Acquisition Corp II Class A and Cantor Equity Partners II, Inc. Class A, occupying 9.30% and 5.19% of the portfolio correspondingly.
SPCX last dividends amounted to 0.02 USD. The year before, the issuer paid 0.14 USD in dividends, which shows a 478.23% decrease.
SPCX assets under management is 9.33 M USD. It's risen 6.63% over the last month.
SPCX fund flows account for −3.00 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, SPCX pays dividends to its holders with the dividend yield of 2.10%. The last dividend (Dec 30, 2024) amounted to 0.02 USD. The dividends are paid annually.
SPCX shares are issued by Tuttle Capital Management LLC under the brand Tuttle Capital. The ETF was launched on Dec 16, 2020, and its management style is Active.
SPCX expense ratio is 1.36% meaning you'd have to pay 1.36% of your investment to help manage the fund.
SPCX follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SPCX invests in stocks.
SPCX price has fallen by −1.50% over the last month, and its yearly performance shows a 7.66% increase. See more dynamics on SPCX price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −0.34% over the last month, have fallen by −0.34% over the last month, showed a 4.79% increase in three-month performance and has increased by 6.81% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −0.34% over the last month, have fallen by −0.34% over the last month, showed a 4.79% increase in three-month performance and has increased by 6.81% in a year.
SPCX trades at a premium (0.81%) meaning the ETF is trading at a higher price than the calculated NAV.