Key stats
About Horizon Kinetics SPAC Active ETF
Home page
Inception date
Jan 30, 2023
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
Horizon Kinetics Asset Management LLC
Distributor
Foreside Fund Services LLC
SPAQ aims for realized capital gains over short-term interest rates on a risk-adjusted basis by investing in SPACs and the warrants or rights related to its IPO. To achieve the funds objective, investments are made with SPACs that are perceived to be offering upside potential when sold after an attractive combination announcement, coupled with redemption options, which are SPACs with an exit permit without investment penalties. The resulting portfolio provides an asymmetric risk and reward profile for investors and may include companies of any capitalization. During temporary periods, the fund may invest up to 100% of its assets in US short-term debt securities and money market instruments. The fund is actively managed.
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
Stocks68.87%
Finance65.10%
Consumer Services3.77%
Bonds, Cash & Other31.13%
UNIT26.46%
Cash3.19%
Rights & Warrants1.49%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SPAQ invests in stocks. The fund's major sectors are Finance, with 65.10% stocks, and Consumer Services, with 3.77% of the basket. The assets are mostly located in the North America region.
SPAQ top holdings are Centurion Acquisition Corp. Class A and Oaktree Acquisition Corp. III Life Sciences Class A, occupying 4.71% and 4.70% of the portfolio correspondingly.
SPAQ last dividends amounted to 2.84 USD. The year before, the issuer paid 0.11 USD in dividends, which shows a 96.28% increase.
SPAQ assets under management is 17.32 M USD. It's risen 1.91% over the last month.
SPAQ fund flows account for −986.68 K 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, SPAQ pays dividends to its holders with the dividend yield of 2.74%. The last dividend (Dec 26, 2024) amounted to 2.95 USD. The dividends are paid annually.
SPAQ shares are issued by Horizon Kinetics Holding Corp. under the brand Horizon. The ETF was launched on Jan 30, 2023, and its management style is Active.
SPAQ expense ratio is 0.85% meaning you'd have to pay 0.85% of your investment to help manage the fund.
SPAQ follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SPAQ invests in stocks.
SPAQ price has risen by 2.04% over the last month, and its yearly performance shows a 4.79% increase. See more dynamics on SPAQ price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.14% over the last month, showed a 3.90% increase in three-month performance and has increased by 8.08% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.14% over the last month, showed a 3.90% increase in three-month performance and has increased by 8.08% in a year.
SPAQ trades at a premium (0.04%) meaning the ETF is trading at a higher price than the calculated NAV.