Key stats
About RiverNorth Enhanced Pre-Merger SPAC ETF
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Inception date
Jul 12, 2022
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
Truemark Investments LLC
Distributor
Paralel Distributors LLC
ISIN
US2103226997
SPCZ actively invests in equities and warrants of US-listed pre-combination SPACs, which are those seeking or have not yet completed a combination with a target. The fund advisers combine quantitative and qualitative analysis, with fundamental and technical analysis to assess the relative risk/reward potential of its investment universe, and to select those SPACs with the greatest potential returns. Sponsors of these SPACs are also closely evaluated based on the teams strategy, experience, deal flow, and demonstrated track record in building enterprise value. History of a company's growing operating business is also considered. Moreover, the advisers will evaluate a SPACs market value relative to the value of the funds share of the SPAC to realize additional value. In managing the fund, the sub-adviser monitors the portfolio and adjusts positions based on expected returns or availability of better alternatives.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
UNIT
Stocks56.39%
Finance53.72%
Consumer Services1.59%
Commercial Services1.05%
Bonds, Cash & Other43.61%
UNIT34.62%
Mutual fund6.30%
Rights & Warrants2.68%
Miscellaneous0.07%
Cash−0.06%
Stock breakdown by region
North America92.21%
Asia7.79%
Latin America0.00%
Europe0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SPCZ invests in stocks. The fund's major sectors are Finance, with 53.75% stocks, and Consumer Services, with 1.59% of the basket. The assets are mostly located in the North America region.
SPCZ last dividends amounted to 0.83 USD. The year before, the issuer paid 0.12 USD in dividends, which shows a 85.44% increase.
SPCZ fund flows account for 0.00 USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, SPCZ pays dividends to its holders with the dividend yield of 2.93%. The last dividend (Dec 30, 2024) amounted to 1.10 USD. The dividends are paid annually.
SPCZ shares are issued by Truemark Group LLC under the brand RiverNorth. The ETF was launched on Jul 12, 2022, and its management style is Active.
SPCZ expense ratio is 0.90% meaning you'd have to pay 0.90% of your investment to help manage the fund.
SPCZ follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SPCZ invests in stocks.
SPCZ price has risen by 1.39% over the last month, and its yearly performance shows a 6.03% increase. See more dynamics on SPCZ price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.34% over the last month, showed a 2.69% increase in three-month performance and has increased by 10.61% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.34% over the last month, showed a 2.69% increase in three-month performance and has increased by 10.61% in a year.
SPCZ trades at a premium (0.71%) meaning the ETF is trading at a higher price than the calculated NAV.