Description: Under normal market conditions, the fund seeks to invest primarily in units made up of common stock, warrants and rights of U.S.-listed special purpose acquisition companies (“SPACs”). A SPAC is a “blank check” company with no commercial operations that is designed to raise capital via an IPO for the purpose of engaging in a merger, acquisition, reorganization, or similar business combination with one or more operating companies. Under normal circumstances, at least 80% of the fund’s net assets will be invested in Pre-Combination SPACs. The fund is non-diversified.
Exchange: NYSE ARCA
Country: US
Currency: US Dollar ($)
Category: Small Growth
| Asset Allocation | |||
|---|---|---|---|
| Asset Class | Long % | Short % | Net Assets |
| Stock US | 92.23 | 0.00 | 92.23 |
| Bond | 8.83 | 0.00 | 8.83 |
| Stock non-US | 2.47 | 0.00 | 2.47 |
| Cash | 0.00 | 3.53 | -3.53 |
| Sector Weights | ||
|---|---|---|
| Sector | Equity % | Relative to Category |
| Financial Services | 100.00 | 9.37 |
| World Regions | ||
|---|---|---|
| Region | Equity % | Relative to Category |
| North America | 97.38 | 97.24 |
| Africa/Middle East | 1.62 | 0.38 |
| United Kingdom | 0.49 | 0.69 |
| Asia Developed | 0.38 | 0.17 |
| Europe Developed | 0.13 | 0.70 |
| Japan | 0.00 | 0.01 |
| Australasia | 0.00 | 0.02 |
| Asia Emerging | 0.00 | 0.44 |
| Latin America | 0.00 | 0.35 |