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)
DraftKings Inc. CI A
Hyliion Holdings Corp.
Open Lending Corp. CI A
QuantumScape Corp. CI A
Repay Holdings Corp.
Velodyne Lidar Inc.
Vertiv Holdings LLC
Virgin Galactic Holdings Inc.
Vivint Smart Home Inc. CI A
SPAK's Sector Allocations (as of 12/31/20)
Defiance Next Gen SPAC Derived ETF (SPAK), launched in 2020, has been managed by Dustin Lewellyn since September 30, 2020, at Defiance ETFs.
Sylvia Jablons Kampaktsis
Defiance Cross-Lists the First Ever 5G ETF (FIVG) and SPAC ETF (SPAK) in Mexico
January 15, 2021
Defiance Next Gen SPAC Derived ETF
Wall Street Journal
ETF Evaluator: Defiance Next Gen SPAC Derived ETF (SPAK)
American Association of Individual Investors
The First SPAC ETF (SPAK) Hits $100 Million
February 11, 2021