Fund Evaluator:
SPAC and New Issue ETF (SPCK)
Follow This Fund
Alternative Strategies
Global Asset Class
Alternative
Fund Group
Event Driven
Category
$0.000
NAV (as of )
$0.00
Minimum Initial
2.32% F
Expense Ratio
$8 Mil
Assets
Open
Status
0.00%
12b-1 Fee
16.52%
TTM Yield
0.00%
Max Load
328%
Portfolio Turnover
Best Performing in Event Driven Over the Last Year
| 5.1% | NexPoint Merger Arbitrage Z (HMEZX) |
| -1.5% | NexPoint Event Driven Z (HHCZX) |
Data as of 7/31/2026
-1.0% F
1-Mo Return
-0.7% F
3-Mo Return
-0.1% F
YTD Return
1.9% F
1-Yr Return
3.2% F
3-Yr Return
-1.8% F
5-Yr Return
0.87 D
Category Risk Index
0.34
Total Risk Index
Fund Details
Fund Family
SPAC
Inception Date
12/15/2020
Share Class Type
Equity Investment Style
na
Bond Investment Style
na
Socially Responsible Fund
No
Index Fund
No
Benchmark Index
S&P 500 (TR) (1970): 100%
Additional Fund Details
SPAC and New Issue ETF Overview
SPCK Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| SPCK Return (NAV) | -1.0% | -0.7% | 1.9% | 3.2% | -1.8% | na |
| SPCK Grade | F | F | F | F | F | na |
| +/- Category | -1.0% | -1.4% | -4.1% | -3.1% | -5.6% | na |
| Event Driven Avg | 0.0% | 0.7% | 6.0% | 6.3% | 3.9% | 4.4% |
| SPCK Tax Cost Ratio | na | na | 5.8% | 2.4% | 1.5% | na |
SPCK Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SPCK Return (NAV) | -0.1% | 7.6% | 2.4% | -3.9% | -12.1% | 10.1% | na | na | na | na | na |
| SPCK Grade | F | D | F | F | F | A | na | na | na | na | na |
| +/- Category | -2.5% | -1.3% | -1.8% | -8.7% | -10.5% | 7.6% | na | na | na | na | na |
| Event Driven Avg | 2.4% | 8.9% | 4.2% | 4.8% | -1.6% | 2.4% | 7.7% | 7.0% | 3.1% | 4.6% | 2.8% |
| Risk Measures | |
| Standard Deviation: | 4.2% |
| Total Risk Index: | 0.34 - Low |
| Category Risk Index: | 0.87 - Above Average |
| Category Risk Grade: | D (71% Rank) |
| Beta: | 0.11 |
| R-Squared: | 11% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | na |
| Yield: | 16.5% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | |
| Total Assets: | $8 Mil |
| Fund Total Assets: | $ 8 Mil |
| Share Class Type: | |
| Portfolio Turnover: | 328% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 5.6 years | |||
| Average Tenure: 5.6 years | |||
| Managers (Year): Tuttle Matthew (2020) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 50 |
| % in Top 10 Holdings: | 38.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 7.0% |
Portfolio Allocation |
|
| Domestic Stock: | 91.5% |
| Foreign Stock: | 7.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.5% |
Purchase Information
| Fund Family: | SPAC |
| Phone Number: | 866-904-0406 |
| Website: |
| Status: | Open |
| Inception Date: | December 15, 2020 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 2.32% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.92% |
| Share Class: | SPAC and New Issue ETF |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
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