Description: The Robinson Alternative Yield Pre-Merger SPAC ETF (SPAX) is an actively managed exchange-trade fund (ETF) that invests in Special Purpose Acquisition Companies (SPACs), also known as blank check companies. SPAX seeks to provide total return while minimizing downside risk. SPAX invests primarily in equity securities, specifically units and shares of common stock and warrants of U.S.-listed SPACs. SPAX expects to invest the majority of its assets in SPACs which are small capitalization companies. The Fund intends to exit any SPAC units, common shares and warrants prior to the completion of a business combination, seeking to minimize downside risk.
Exchange: NYSE ARCA
Country: US
Currency: US Dollar ($)
Category: Event Driven
| Asset Allocation | |||
|---|---|---|---|
| Asset Class | Long % | Short % | Net Assets |
| Stock US | 83.91 | 0.00 | 83.91 |
| Cash | 8.55 | 0.00 | 8.55 |
| Stock non-US | 7.54 | 0.00 | 7.54 |
| Bond | 0.00 | 0.00 | 0.00 |
| Sector Weights | ||
|---|---|---|
| Sector | Equity % | Relative to Category |
| Financial Services | 100.00 | 32.65 |
| World Regions | ||
|---|---|---|
| Region | Equity % | Relative to Category |
| North America | 92.83 | 89.80 |
| Africa/Middle East | 2.83 | 0.82 |
| Asia Developed | 2.07 | 0.53 |
| United Kingdom | 1.22 | 2.66 |
| Latin America | 0.72 | 0.02 |
| Asia Emerging | 0.33 | 0.78 |
| Australasia | 0.00 | 0.02 |
| Europe Developed | 0.00 | 5.37 |