SPAQHorizon Kinetics SPAC Active ETF
Seeks to generate realized capital gains in excess of short-term interest rates on a risk adjusted basis.
By Horizon Kinetics · Launched 2023
Annual Cost
0.85%
#4,678 of 6,040 · expensive
Fund Size
$10M
#4,968 of 6,040 · small
Return (1Y)
+5.6%
Track Record
3 years
#2,850 of 6,040 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$10,568+5.7%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundHoldings
By weightConcentration
Top 10 holdings = 45.2% of fundmoderately concentrated
Oaktree Acquisition Corp III L
5.4%
AI Infrastructure Acquisition
5.1%
Jackson Acquisition Co II
5.0%
Titan Acquisition Corp
4.5%
Inflection Point Acquisition C
4.4%
Wen Acquisition Corp
4.2%
Evolution Global Acquisition C
4.2%
Space Asset Acquisition Corp
4.1%
Cantor Equity Partners V Inc
4.1%
Willow Lane Acquisition Corp I
4.1%
Asset allocation
Stocks
99.3%
Cash
0.7%
Bonds
0.1%
By sector
Financial Services
100.0%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
8.4%Low
Year-on-year price swings
Max drawdown
-64.8%Severe
Worst peak-to-trough loss
Sharpe (3Y)
0.22Below average
Sortino (3Y)
0.31Moderate downside risk
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- Seeks to generate realized capital gains in excess of short-term interest rates on a risk adjusted basis.
- Strategy
- Actively manages investments primarily in special purpose acquisition companies ("SPACs") that are expected to generate net realized capital gains. The Fund is classified as non-diversified and may hold significant cash positions during adverse conditions.
- Inception date
- January 27, 2023
- Fund family
- Horizon Kinetics
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Data updated on 2026-09-18