SPAX: Robinson Alternative Yield Pre-Merger SPAC ETF - MutualFunds.com
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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

Vitals

YTD Return

N/A

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$5.47 M

Holdings in Top 10

19.4%

52 WEEK LOW AND HIGH

$19.94
$19.85
$20.10

Expenses

OPERATING FEES

Expense Ratio 0.85%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund

Investment Style

Small Growth


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

SPAX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Robinson Alternative Yield Pre-Merger SPAC ETF
  • Fund Family Name
    Robinson Capital
  • Inception Date
    Jun 22, 2021
  • Shares Outstanding
    275000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Charles Ragauss

Fund Description

The fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities, specifically units and shares of common stock and warrants, of U.S.-listed Special Purpose Acquisition Companies (“SPACs”). A SPAC is publicly traded and is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more other operating companies. The fund is non-diversified.


SPAX - Performance

Return Ranking - Trailing

Period SPAX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -83.6% 46.1% N/A
1 Yr N/A 15.1% 91.6% N/A
3 Yr N/A* -1.7% 50.1% N/A
5 Yr N/A* -4.8% 37.5% N/A
10 Yr N/A* -0.4% 22.7% N/A

* Annualized

Return Ranking - Calendar

Period SPAX Return Category Return Low Category Return High Rank in Category (%)
2020 N/A -63.0% 340.3% N/A
2019 N/A -9.1% 48.3% N/A
2018 N/A -76.3% 13.6% N/A
2017 N/A -52.6% 37.0% N/A
2016 N/A -56.6% 25.6% N/A

Total Return Ranking - Trailing

Period SPAX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -83.2% 46.1% N/A
1 Yr N/A 9.3% 91.6% N/A
3 Yr N/A* -3.7% 50.1% N/A
5 Yr N/A* -5.9% 37.5% N/A
10 Yr N/A* -1.0% 22.7% N/A

* Annualized

Total Return Ranking - Calendar

Period SPAX Return Category Return Low Category Return High Rank in Category (%)
2020 N/A -63.0% 340.3% N/A
2019 N/A -9.1% 48.3% N/A
2018 N/A -54.2% 14.5% N/A
2017 N/A -8.4% 42.0% N/A
2016 N/A -56.6% 31.4% N/A

SPAX - Holdings

Concentration Analysis

SPAX Category Low Category High SPAX % Rank
Net Assets 5.47 M 235 K 38 B 99.52%
Number of Holdings 94 6 1294 58.92%
Net Assets in Top 10 1.06 M 71.8 K 3.85 B 99.68%
Weighting of Top 10 19.41% 3.7% 100.0% 56.71%

Top 10 Holdings

  1. Thimble Point Acquisition Corp Units (1 Ord Class A & 1/3 War) 2.06%
  2. M3 Brigade Acquisition II Corp Units (1 Ord Share Class A & 1/3 War) 2.02%
  3. Rosecliff Acquisition Corp I Units (1 Ord Share Class A & 1/3 War) 2.01%
  4. Anzu Special Acquisition Corp I Units (1 Ord Class A & 1/3 War) 2.00%
  5. Osiris Acquisition Corp Units (1 Ord Class A & 1/2 War) 2.00%
  6. Northern Star Investment Corp IV Units (1 Ord Share Class A & 1/6 War) 2.00%
  7. Disruptive Acquisition Corp I Class A 2.00%
  8. Adit Edtech Acquisition Corp Units (1 Ord Share & 1/2 War) 2.00%
  9. CF Acquisition Corp VI Units (1 Ord Class A & 1/4 War) 2.00%
  10. Tech And Energy Transition Corp Units (1 Ord Share Class A & 1/3 War) 2.00%

Asset Allocation

Weighting Return Low Return High SPAX % Rank
Stocks
97.42% 83.39% 100.44% 67.04%
Cash
2.57% -0.44% 14.85% 28.98%
Bonds
0.01% 0.00% 2.11% 1.27%
Preferred Stocks
0.00% 0.00% 2.64% 41.72%
Other
0.00% -2.29% 7.91% 50.16%
Convertible Bonds
0.00% 0.00% 0.00% 39.33%

Stock Sector Breakdown

Weighting Return Low Return High SPAX % Rank
Financial Services
100.00% 0.00% 100.00% 0.16%
Utilities
0.00% 0.00% 4.32% 54.46%
Technology
0.00% 0.00% 71.26% 99.84%
Real Estate
0.00% 0.00% 11.79% 84.39%
Industrials
0.00% 0.00% 33.63% 100.00%
Healthcare
0.00% 0.00% 69.33% 99.84%
Energy
0.00% 0.00% 61.31% 79.62%
Communication Services
0.00% 0.00% 19.51% 92.68%
Consumer Defense
0.00% 0.00% 12.17% 98.73%
Consumer Cyclical
0.00% 0.00% 28.14% 99.36%
Basic Materials
0.00% 0.00% 9.77% 91.08%

Stock Geographic Breakdown

Weighting Return Low Return High SPAX % Rank
US
95.17% 0.03% 100.00% 43.31%
Non US
2.25% 0.00% 98.36% 63.85%

Bond Sector Breakdown

Weighting Return Low Return High SPAX % Rank
Cash & Equivalents
99.48% 0.00% 100.00% 92.92%
Corporate
0.52% 0.00% 100.00% 6.41%
Derivative
0.00% 0.00% 0.02% 39.46%
Securitized
0.00% 0.00% 0.05% 39.46%
Municipal
0.00% 0.00% 0.00% 39.29%
Government
0.00% 0.00% 100.00% 40.13%

Bond Geographic Breakdown

Weighting Return Low Return High SPAX % Rank
US
0.01% 0.00% 2.11% 1.27%
Non US
0.00% 0.00% 0.00% 39.33%

SPAX - Expenses

Operational Fees

SPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.85% 0.01% 11.80% 84.35%
Management Fee 0.85% 0.05% 1.50% 64.75%
12b-1 Fee 0.00% 0.00% 1.00% 11.98%
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

SPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

SPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 442.00% N/A

SPAX - Distributions

Dividend Yield Analysis

SPAX Category Low Category High SPAX % Rank
Dividend Yield 0.00% 0.00% 0.33% 40.61%

Dividend Distribution Analysis

SPAX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Semi-Annually Annually

Net Income Ratio Analysis

SPAX Category Low Category High SPAX % Rank
Net Income Ratio N/A -8.87% 1.48% N/A

Capital Gain Distribution Analysis

SPAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

SPAX - Fund Manager Analysis

Managers

Charles Ragauss


Start Date

Tenure

Tenure Rank

Jun 22, 2021

0.19

0.2%

Mr. Ragauss currently serves as Director of Product Management at CSat Investment Advisory, having joined the it in April 2016. Prior to joiningCSat Investment Advisory, Mr. Ragauss was Assistant Vice President at Huntington National Bank (“Huntington”), where he was Product Manager for the Huntington Funds and Huntington Strategy Shares ETFs, a combined fund complex of almost $4 billion in assets under management. At Huntington, he led ETF development bringing to market some of the first actively managed ETFs. Mr. Ragauss joined Huntington in 2010. Mr. Ragauss attended Grand Valley State University where he received his Bachelor of Business Administration in Finance and International Business, as well as a minor in French. He is a member of both the National and West Michigan CFA societies and holds the CFA designation.

Michael Venuto


Start Date

Tenure

Tenure Rank

Jun 22, 2021

0.19

0.2%

Mr. Venuto is a co-founder and has been the Chief Investment Officer of the Toroso Investments, LLC since 2012. Mr. Venuto is an ETF industry veteran with over a decade of experience in the design and implementation of ETF-based investment strategies. Previously, he was Head of Investments at Global X Funds where he provided portfolio optimization services to institutional clients. Before that, he was Senior Vice President at Horizon Kinetics where his responsibilities included new business development, investment strategy and client and strategic initiatives.

Jonathan Browne


Start Date

Tenure

Tenure Rank

Jun 22, 2021

0.19

0.2%

Mr. Browne serves as a Portfolio Manager as well as Director of Closed-End Fund Research and Trading for Robinson Capital Management. He jointly oversees the day-to-day management of the Fund, including its investment strategies and processes, risk management, regulatory compliance, asset allocation modeling, external manager due diligence and selection, and trading. Prior to joining Robinson Capital, Jonathan worked as an Associate Portfolio Manager for Federated Investors, Inc. In that role, he helped manage several income focused, multi-asset class funds and SMA portfolios. In addition to his portfolio management responsibilities, Jonathan also served as a Research Analyst, providing fundamental equity research across various industries. Previously, Jonathan worked for three years as a Senior Consultant at FactSet Research Systems Inc., where he developed proprietary models and streamlined investment processes for institutional investors, such as hedge fund managers, plan sponsors, and private wealth advisors. Jonathan holds both a BS and MBA in Finance and Economics from Carnegie Mellon University.

James Robinson


Start Date

Tenure

Tenure Rank

Jun 22, 2021

0.19

0.2%

Mr. Robinson serves as the Chief Executive Officer and Chief Investment Officer of Robinson Capital Management, LLC. Mr. Robinson oversees the day-to-day operations and activities of Robinson Capital Management, LLC, including its investment strategies and processes, risk management, regulatory compliance, asset allocation modeling, external manager due diligence and selection, trading, and personnel. Prior to founding Robinson in 2012, Mr. Robinson was Chief Executive Officer and Chief Investment Officer of Telemus Capital Partners, LLC and its subsidiary Beacon Asset Management, LLC. Earlier, Mr. Robinson served for five years as the Chairman and CEO of Munder Capital Management and President of the Munder Funds. From 1987 to 1999, Mr. Robinson served as Executive Vice President and Chief Investment Officer-Fixed Income with Munder Capital Management. Mr. Robinson holds an MBA from Carnegie Mellon University, as well as a BBS in Finance and Economics from Wayne State University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 29.69 8.73 4.5