SPAQHorizon Kinetics SPAC Active ETF

Grow my money3y track recordRanked #2,755 of 2,960 in this goal

Seeks to generate realized capital gains exceeding short-term interest rates on a risk-adjusted basis.

By Horizon Kinetics · Launched 2023

Annual Cost

0.85%

#4,336 of 5,562 · expensive

Fund Size

$10M

#4,754 of 5,562 · small

Return (1Y)Goal

+4.5%

Track Record

3 years

#2,907 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,486+4.9%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Active selection

Focus

SPAC

What it actually holds

By weight

Concentration

Top 10 holdings = 52.8% of fundmoderately concentrated

AI Infrastructure Acquisition

6.4%

Axiom Intelligence Acquisition

5.7%

Aldel Financial II Inc

5.4%

Oaktree Acquisition Corp III L

5.4%

Daedalus Special Acquisition C

5.3%

OTG Acquisition Corp I

5.1%

Legato Merger Corp III

5.0%

Jackson Acquisition Co II

4.9%

Roman DBDR Acquisition Corp II

4.8%

Apex Treasury Corp

4.7%

Asset allocation

Stocks

98.0%

Cash

2.0%

Bonds

0.0%

By sector

Financial Services

100.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

8.7%Low

Year-on-year price swings

Max drawdown

-5.3%Mild

Worst peak-to-trough loss

Sharpe (3Y)

0.36Below average

Sortino (3Y)

0.51Moderate downside risk

Where to buy

Listing

Exchange: NASDAQ Global Select Market

Full fund details

Objective: Seeks to generate realized capital gains exceeding short-term interest rates on a risk-adjusted basis.
Strategy: Actively invests primarily in special purpose acquisition companies (SPACs) expected to yield net realized capital gains. The strategy includes holding warrants or rights associated with these SPACs and may involve temporary cash positions during adverse market conditions.
Inception date: January 27, 2023
Fund family: Horizon Kinetics