Key stats
About Spear Alpha ETF
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Inception date
Aug 2, 2021
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Spear Advisors LLC
Distributor
Foreside Fund Services LLC
ISIN
US53656F3837
SPRXs active strategy aims to invest in companies it believes will benefit from technological advancements in the industrial sector. The fund targets companies in any part of the supply chain, directly or indirectly, related to one of the following themes: environmental focus and decarbonization, manufacturing digitalization, robotics and industrial automation, photonics and additive manufacturing, space exploration, and artificial intelligence. SPRXs adviser uses a combination of top-down analysis, bottom-up research, and an ESG screen before granting eligibility. Those eligible are then screened through a final fundamental research process and selected for inclusion. This process will theoretically produce a portfolio of thematic companies that have the highest conviction for investment as determined by the adviser. Holdings can be modified at any time if there are significant changes to a companys business drivers or valuation.
Related funds
Classification
What's in the fund
Exposure type
Electronic Technology
Technology Services
Stock breakdown by region
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
SPRX assets under management is 119.68 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
SPRX invests in stocks. See more details in our Analysis section.
SPRX expense ratio is 0.75%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, SPRX isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
SPRX shares are issued by Spear Advisors LLC
SPRX follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Aug 2, 2021.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.