This ETF is designed to mirror the returns of U.S.-listed common shares belonging to Special Purpose Acquisition Companies (SPACs) and businesses that have come to market via a SPAC transaction. SPACs are essentially shell corporations, lacking any ongoing commercial operations, established solely to gather capital from investors for the purpose of acquiring or merging with one or more operational companies. A significant portion—at least 80%—of the fund's net assets are committed to these SPACs and companies that have emerged from SPAC mergers. It is important to note that this fund maintains a non-diversified investment approach.

GDEV Inc.

Financial Services

Consumer Cyclical

Technology

Healthcare

Industrials

Communication Services

Basic Materials

Consumer Defensive

Real Estate

Utilities

Defiance Next Gen SPAC Derived ETF

SPAK Holdings & Sector Breakdown