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Defiance Next Gen SPAC Derived ETF

Defiance Next Gen SPAC Derived ETF

Defiance Next Gen SPAC Derived ETF is an exchange-traded fund (ETF) that tracks the performance of the U.S.-listed common stock of special purpose acquisitions corporations (SPACs) and companies derived from SPACs.

Overview

Defiance Next Gen SPAC Derived ETF is an exchange-traded fund (ETF) that tracks the performance of the U.S.-listed common stock of special purpose acquisitions corporations (SPACs) and companies derived from SPACs. The fund invests 60% of its net assets into IPO companies derived from SPACs, while 40% is allocated to common stock of newly listed SPACs, ex-warrants.

Defiance Next Gen SPAC Derived ETF is a part of Defiance ETFs. Founded in 2018, Defiance ETFs is an exchange-traded funds sponsor and registered investment advisor focused on thematic investing. Defiance Next Gen SPAC Derived ETF was launched on September 30, 2020. In the year 2020, the fund was managed by  Dustin Lewellyn, Ernesto Tong, and Anand Desai.

SPAK's Top Holdings (as of 12/31/20)

Holding Name
Percentage of Portfolio

Clarivate PLC

7.58%

DraftKings Inc. CI A

9.32%

Hyliion Holdings Corp.

3.40%

Open Lending Corp. CI A

3.54%

QuantumScape Corp. CI A

2.87%

Repay Holdings Corp.

2.31%

Velodyne Lidar Inc.

2.50%

Vertiv Holdings LLC

5.62%

Virgin Galactic Holdings Inc.

4.11%

Vivint Smart Home Inc. CI A

3.85%

SPAK's Sector Allocations (as of 12/31/20)

Sector Name
Percentage of Total

Consumer Services

1.98%

Financials

26.68%

Health Care

3.72%

Industrials

7.86%

Non-Classified Equity

51.04%

Technology

8.00%

Timeline

May 28, 2021
Defiance ETFs launches $PSY, the Defiance Next Gen Altered Experience ETF.
September 30, 2020
Defiance Next Gen SPAC Derived ETF created.

Defiance Next Gen SPAC Derived ETF (SPAK), launched in 2020, has been managed by Dustin Lewellyn since September 30, 2020, at Defiance ETFs.

People

Name
Role
LinkedIn

Anand Desai‌

Fund Manager

Further reading

Title
Author
Link
Type
Date

Defiance Cross-Lists the First Ever 5G ETF (FIVG) and SPAC ETF (SPAK) in Mexico

Julia Stoll 

Web

January 15, 2021

Defiance Next Gen SPAC Derived ETF

Wall Street Journal

Web

ETF Evaluator: Defiance Next Gen SPAC Derived ETF (SPAK)

American Association of Individual Investors

Web

The First SPAC ETF (SPAK) Hits $100 Million

Defiance ETFs

Web

February 11, 2021

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

References

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