NYSE ARCA | ETF
The fund is an actively-managed ETF that seeks to achieve its investment objective by investing primarily inU. S.-listed special purpose acquisition companies (SPACs) and in companies that have merged with or been acquired by a SPAC.
A SPAC is a blank check company with no commercial operations that is designed to raise capital via an initial public offering (IPO) for the purpose of engaging in a merger, acquisition, reorganization, or similar business combination (a Combination) with one or more operating companies.
The fund is non-diversified.
Top 9 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| SPCE | Virgin Galactic Holdings Inc | Industrials | Aerospace & Defense | 1.79% |
| CHPT | ChargePoint Holdings Inc | Consumer Cyclical | Specialty Retail | 1.68% |
| PCT | Purecycle Technologies Holdings Corp | Industrials | Pollution & Treatment Controls | 1.65% |
| MP | MP Materials Corp | Basic Materials | Other Industrial Metals & Mining | 1.50% |
| LPRO | Open Lending Corp | Financial Services | Credit Services | 1.46% |
| INVZ | Innoviz Technologies | Consumer Cyclical | Auto Parts | 1.45% |
| STEM | Stem Inc | Technology | Software - Infrastructure | 1.45% |
| VRT | Vertiv Holdings Co | Industrials | Electrical Equipment & Parts | 1.44% |
| QS | Quantumscape Corp | Consumer Cyclical | Auto Parts | 1.42% |