The Defiance Next Gen SPAC Derived ETF (SPAK) offers targeted exposure to Special Purpose Acquisition Corporations (SPACs) and companies derived from SPACs. With an AUM of $0.02 billion and an expense ratio of 0.45%, SPAK provides a focused approach to investing in these unique entities. SPAK's strategy involves investing at least 80% of its net assets in SPACs and SPAC-derived companies, distinguishing it as a non-diversified fund within the equity landscape. Past performance does not guarantee future results.
Defiance Next Gen SPAC Derived ETF (SPAK) ETF — Price, Holdings & Analysis
The Defiance Next Gen SPAC Derived ETF (SPAK) offers targeted exposure to Special Purpose Acquisition Corporations (SPACs) and companies derived from SPACs. With an AUM of $0.02 billion and an expense ratio of 0.45%, SPAK provides a focused approach to investing in these unique entities. SPAK's strategy involves investing at least 80% of its net assets in SPACs and SPAC-derived companies, distinguishing it as a non-diversified fund within the equity landscape. Past performance does not guarantee future results.
ETF Overview
The index tracks the performance of the U.S.-listed common stock of Special Purpose Acquisitions Corporations (“SPACs”) and companies derived from SPACs. SPACs are companies with no commercial operations that are established solely to raise capital from investors for the purpose of acquiring one or more operating businesses. The fund invests at least 80% of its net assets in SPACs and SPAC-derived companies. The fund is non-diversified.
The Defiance Next Gen SPAC Derived ETF (SPAK) is designed to track the performance of U.S.-listed common stock of Special Purpose Acquisition Corporations (SPACs) and companies derived from them. SPACs are essentially shell companies that raise capital to acquire one or more operating businesses. SPAK invests at least 80% of its net assets in these SPACs and SPAC-derived entities, offering investors a way to access this specific segment of the equity market. The fund is non-diversified, meaning it concentrates its investments in a smaller number of holdings. SPAK's top holdings include Lucid Group Inc Shs (LCID) at 3.40% and Grab Holdings Inc Class A (GRAB) at 1.91%. Sector allocation is heavily weighted towards Financial Services at 43.6%, followed by Consumer Cyclical at 13.9% and Technology at 12.3%. This concentration reflects the industries where SPACs have been actively targeting acquisitions. SPAK is suitable for investors seeking targeted exposure to the SPAC market, understanding its inherent risks and potential rewards. Past performance does not guarantee future results.
Risk Metrics
Investing in the Defiance Next Gen SPAC Derived ETF (SPAK) involves specific risks. As a non-diversified fund, SPAK concentrates its holdings, increasing the impact of individual stock performance on the overall portfolio. The fund's sector allocation is heavily weighted towards Financial Services (43.6%), creating sector-specific risk. A downturn in this sector could significantly affect SPAK's performance. With a beta of 0.00 (3Y), SPAK has demonstrated very low volatility relative to the broader market, but this may not hold true in the future. The expense ratio of 0.45% will create a drag on returns, especially if the fund's performance is lackluster. Investors should carefully consider their risk tolerance and investment objectives before investing in SPAK. Past performance does not guarantee future results.
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Risk Metrics
Beta: 0.00
Questions & Answers
What is SPAK and what does it track?
SPAK, or the Defiance Next Gen SPAC Derived ETF, is an exchange-traded fund designed to track the performance of U.S.-listed common stocks of Special Purpose Acquisition Corporations (SPACs) and companies derived from SPACs. SPACs are companies without commercial operations, formed solely to raise capital for acquiring one or more operating businesses. SPAK invests at least 80% of its net assets in these SPACs and SPAC-derived companies, providing investors with targeted exposure to this specific segment of the equity market. The fund's holdings include companies like Lucid Group Inc Shs (LCID) and Grab Holdings Inc Class A (GRAB).
What is the expense ratio for SPAK?
The expense ratio for the Defiance Next Gen SPAC Derived ETF (SPAK) is 0.45%. This means that for every $10,000 invested in the fund, $45 is charged annually to cover operating expenses. While there isn't a specific category average readily available for SPAC-focused ETFs, the expense ratio should be considered in relation to the fund's investment strategy and potential returns. Investors should evaluate whether the potential benefits of investing in SPACs outweigh the cost of the expense ratio.
What are the top holdings in SPAK?
The Defiance Next Gen SPAC Derived ETF (SPAK) has a concentrated portfolio, with its top holdings representing a significant portion of its assets. As of 2026-03-15, the top holdings include Lucid Group Inc Shs (LCID) at 3.40%, Grab Holdings Inc Class A (GRAB) at 1.91%, and DraftKings Inc Ordinary Shares - Class A (DKNG) at 1.72%. Other notable holdings include MP Materials Corp Ordinary Shares - Class A (MP) at 1.52% and Getty Images Holdings Inc (GETY) at 1.51%. These holdings reflect the fund's focus on companies that have either been formed through or are associated with SPAC transactions.
Is SPAK a good long-term investment?
Evaluating SPAK as a long-term investment requires careful consideration of its investment strategy and the inherent risks associated with SPACs. SPAK's focus on SPACs and SPAC-derived companies makes it a highly specialized investment. The fund's non-diversified nature and concentration in sectors like Financial Services (43.6%) and Consumer Cyclical (13.9%) can lead to increased volatility. Investors should assess their risk tolerance and investment objectives, considering that past performance does not guarantee future results. With an AUM of $0.02 billion, SPAK is a relatively small fund, which can also impact its liquidity and trading characteristics.
How does SPAK compare to similar ETFs?
SPAK is somewhat unique, as there are not many ETFs that focus specifically on SPAC-related investments. Its expense ratio is 0.45%. Given its AUM of $0.02 billion, SPAK is a smaller fund compared to broader market ETFs. SPAK's strategy of investing in SPACs and SPAC-derived companies differentiates it from more diversified equity ETFs. Investors should compare SPAK's performance and risk profile to other specialized ETFs or consider whether a broader market ETF might be more suitable for their investment goals.
Does SPAK pay dividends?
Yes, the Defiance Next Gen SPAC Derived ETF (SPAK) does pay dividends. As of 2026-03-15, SPAK has a dividend yield of 1.91%. This yield represents the annual dividend payment as a percentage of the fund's current share price. It's important to note that dividend yields can fluctuate based on market conditions and the dividend policies of the underlying holdings within the fund. Investors seeking income may find SPAK's dividend yield attractive, but should also consider the fund's overall investment strategy and risk profile.