SPRX invests in companies benefiting from breakthrough trends in industrial technology.
The fund’s ob jective is to find underappreciated opportunities across different value chains that are beneficiaries of the secular themes discussed below:
SPRX is an actively managed ETF that seeks long-term capital growth and trades on the Nasdaq exchange.
Alpha is an actively managed fund that helps you do more than passively track the broader market. Download the investment case to learn more.
Investment CaseFund details | |
Fund Inception | 08/02/2021 |
Ticker | SPRX |
Primary Exchange | Nasdaq |
CUSIP | 53656F 383 |
Expense Ratio | 0.75% |
Fund data and pricing | |
Net Assets | 53,673,242.00 |
NAV | $23.34 |
Shares Outstanding | 2,300,000.00 |
Premium/Discount Percentage | -0.07 % |
Closing Price | $23.32 |
30 Day Median Bid/Ask Spread | 0.09 % |
Data as of 10/07/2024 IOPV, or Indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund's NAV every fifteen seconds throughout the trading day. |
Performance (%) | |||||
Average annualized | |||||
1 Year | 3 Year | Since inception | |||
SPRX Market Price | 29.70 | 4.57 | 14.03 | ||
SPRX NAV | 29.67 | 4.60 | 14.01 | ||
Data as of 09/30/2024 | |||||
Expense Ratio: 0.75%. | |||||
TOTAL RETURN SINCE INCEPTION as of 6/30/24 was 18.03% at NAV and 18.14% at Market Price.
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Top 10 Holdings - 10/07/2024 | Download Full Holdings | ||||
Percentage of NET Assets | Name | Ticker | CUSIP | Shares held | Market Value |
12.74% | NVIDIA Corp | NVDA | 67066G104 | 54724 | $6,836,122.08 |
8.40% | SentinelOne Inc | S | 81730H109 | 186714 | $4,509,143.10 |
7.76% | Cloudflare Inc | NET | 18915M107 | 49904 | $4,163,490.72 |
6.52% | Constellation Energy Corp | CEG | 21037T109 | 12254 | $3,498,762.08 |
6.29% | MARVELL TECHNOLOGY INC | MRVL | 573874104 | 45974 | $3,374,951.34 |
5.04% | Datadog Inc | DDOG | 23804L103 | 22048 | $2,705,069.12 |
4.98% | Shopify Inc | SHOP | 82509L107 | 32404 | $2,671,061.72 |
4.86% | Advanced Micro Devices Inc | AMD | 007903107 | 15279 | $2,611,181.10 |
4.63% | Zscaler Inc | ZS | 98980G102 | 14279 | $2,483,546.47 |
4.43% | nVent Electric PLC | NVT | G6700G107 | 34098 | $2,375,948.64 |
Holdings are sub ject to change. |
Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information are contained in the prospectus or summary prospectus which can be obtained by clicking here. Please read the prospectus or summary prospectus carefully before investing.
Investing involves risk including possible loss of principal.
The fund is subject to both growth and value equity risk. Investing in growth companies that are based on an issuer’s future earnings may be more volatile if revenues fall short of expectations. Investing in value companies that remain unfavored or are undervalued for long periods of time could have a negative on the fund’s performance.
Companies in the industrials sector may be adversely affected by changes in government regulation, world events, economic conditions, environmental damages, product liability claims and exchange rates. Technology, Space, Robotics and Automation companies are particularly vulnerable to rapid changes in product cycles, obsolescence, government regulation and competition, both domestically and internationally, which may have an adverse effect on growth and profit margins. Market or economic factors impacting these companies that rely heavily on technological advances could have a major effect on the value of the Fund’s investments.
SPRX is non-diversified and may invest in a greater percentage of its assets in securities of an issuer in the industrial or technology sectors. An adverse event to an issuer in the industry may negatively impact the fund’s performance.
Applying ESG (Environmental, Social, Governance) sustainability criteria to the investment process may exclude securities of certain issuers for non-investment reasons and therefore the Fund may forgo available market opportunities.
The Fund is a recently organized and has a limited track record to base an investment decision.
Portfolio holdings will change and should not be considered as investment advice or a recommendation to buy, sell or hold any particular security.
An investment in an SPEAR ETF is subject to risks and you can lose money on your investment in an SPEAR ETF. There can be no assurance that the SPEAR ETFs will achieve their investment objectives. The SPEAR ETFs’ portfolios are more volatile than broad market averages. The SPEAR ETFs also have specific risks, which are described in the SPEAR ETFs' prospectuses.