Key stats
About Spear Alpha ETF
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Inception date
Aug 2, 2021
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
Spear Advisors LLC
Distributor
Foreside Fund Services LLC
SPRXs active strategy aims to invest in companies it believes will benefit from technological advancements in the industrial sector. The fund targets companies in any part of the supply chain, directly or indirectly, related to one of the following themes: environmental focus and decarbonization, manufacturing digitalization, robotics and industrial automation, photonics and additive manufacturing, space exploration, and artificial intelligence. SPRXs adviser uses a combination of top-down analysis, bottom-up research, and an ESG screen before granting eligibility. Those eligible are then screened through a final fundamental research process and selected for inclusion. This process will theoretically produce a portfolio of thematic companies that have the highest conviction for investment as determined by the adviser. Holdings can be modified at any time if there are significant changes to a companys business drivers or valuation.
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
Electronic Technology
Technology Services
Utilities
Stocks98.02%
Electronic Technology53.63%
Technology Services26.41%
Utilities10.02%
Producer Manufacturing5.76%
Commercial Services2.19%
Non-Energy Minerals0.00%
Bonds, Cash & Other1.98%
Mutual fund2.00%
Cash−0.02%
Stock breakdown by region
North America100.00%
Europe0.00%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SPRX invests in stocks. The fund's major sectors are Electronic Technology, with 53.64% stocks, and Technology Services, with 26.41% of the basket. The assets are mostly located in the North America region.
SPRX top holdings are NVIDIA Corporation and Cloudflare Inc Class A, occupying 12.75% and 9.38% of the portfolio correspondingly.
SPRX assets under management is 60.42 M USD. It's risen 6.25% over the last month.
SPRX fund flows account for −20.82 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.
SPRX shares are issued by Spear Advisors LLC under the brand Spear. The ETF was launched on Aug 2, 2021, and its management style is Active.
SPRX expense ratio is 0.75% meaning you'd have to pay 0.75% of your investment to help manage the fund.
SPRX follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SPRX invests in stocks.
SPRX price has risen by 7.90% over the last month, and its yearly performance shows a 24.90% increase. See more dynamics on SPRX price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 7.66% over the last month, showed a 50.64% increase in three-month performance and has increased by 23.23% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 7.66% over the last month, showed a 50.64% increase in three-month performance and has increased by 23.23% in a year.
SPRX trades at a premium (0.15%) meaning the ETF is trading at a higher price than the calculated NAV.