SPAC and New Issue ETF
SPCX
SPAC and New Issue ETF SPCX Strategy
The investment seeks to provide total return.
Under normal circumstances, at least 80% of the fund’s net assets (plus borrowings for investment purposes) will be invested in units and shares of Special Purpose Acquisitions Companies (“SPACs”) that have a minimum capitalization of $100 million and companies that completed an initial public offering (“IPO”) within the last two years. The fund 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.
The investment objective & strategy is a summary of the investment's principal strategy as written in the prospectus. This information is pulled from the most recent product disclosure document.
SPAC and New Issue ETF News & Analysis
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