Spear Alpha ETF
SPRX
Intro
SPRX invests in companies benefiting from breakthrough trends in industrial technology.
The fund's objective is to find under appreciated opportunities across different value chains that are beneficiaries of these secular themes:
Enterprise Digitalization
Automation & Robotics
Artificial Intelligence (AI)
Energy Transition
Photonics and Additive Manufacturing
Space Exploration
Process
We find opportunities where others aren’t looking.
By evaluating value chains, financials, leadership, and market positioning, we identify companies with lasting growth potential. Our research prioritizes durability over trends, ensuring each investment is built on strong fundamentals and strategic insight. Spear’s funds are designed for investors who care—not just about returns, but about making a meaningful impact.
Where can we find untapped potential?
- Financials
- Leadership
- Customer Insights
- Market Positioning
See Value Better
Alpha is an actively managed fund that helps you do more than passively track the broader market.
Data & Performance
Fund Inception
08/02/2021
Primary Exchange
Nasdaq
CUSIP
53656F 383
Expense Ratio
0.75%
Net Assets
94,252,412.08
NAV
$36.96
Shares Outstanding
2,550,000.00
Premium/Discount Percentage
0.05%
Closing Price
$36.98
30 Day Median Bid/Ask Spread
0.09%
Updated as of 09.11.2025
OPV, 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.
The Median Bid/Ask spread is a measure of the price difference between buy and sell orders.
| 1 Year | 3 Year | Since inception | |
|---|---|---|---|
| SPRX Market Price | 50.76 | 30.98 | 69.86 |
| SPRX NAV | 50.66 | 31.03 | 69.86 |
Updated as of 08.31.2025
Total Return Since Inception as of 6/30/25 was 48.53% at NAV and 48.36% at Market Price.
For performance current to the most recent month-end please call 1-833-340-722
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted
The Fund’s NAV is calculated as of the scheduled close of regular trading on the Nasdaq Exchange, generally 4:00 p.m. Eastern time, each day Nasdaq is open for business. The NAV is calculated by dividing the Fund’s net assets by its shares outstanding
Since Inception, performance is cumulative. 1-year and 3-year performance is annualized.
| Days traded at | CY 2024 | CY 2025 |
|---|---|---|
| Premium | 145 | 63 |
| NAV | 1 | 0 |
| Discount | 107 | 60 |
Press
View AllFund Documents
Prospectus
Summary prospectus
SAI
Proxy Voting Record
Annual Financial Statements and Additional Information
Annual Shareholder Report
Semi-Annual Financial Statements and Additional Information
Semi-Annual Shareholder Report
Quarterly Report 09.30.2024
Quarterly Report 03.31.2025
How to Invest
Financial Professionals
Contact UsContact our team for more details on SPRX Funds or to schedule a call with a specialist.
Disclosures
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.
- Shares of the SPEAR ETFs may be bought or sold throughout the day at their market price on the exchange on which they are listed. The market price of an SPEAR ETF’s shares may be at, above or below the SPEAR ETF’s net asset value (“NAV”) and will fluctuate with changes in the NAV as well as supply and demand in the market for the shares. The market price of SPEAR ETF shares may differ significantly from their NAV during periods of market volatility. Shares of the SPEAR ETFs may only be redeemed directly with the SPEAR ETFs at NAV by Authorized Participants, in very large creation units. There can be no guarantee that an active trading market for SPEAR ETF shares will develop or be maintained, or that their listing will continue or remain unchanged. Buying or selling SPEAR ETF shares on an exchange may require the payment of brokerage commissions and frequent trading may incur brokerage costs that detract significantly from investment returns.
- All statements made regarding companies, securities or other financial information on this site are strictly beliefs and points of view held by Spear Advisors LLC and are subject to change without notice. Certain information on this site was obtained from sources that SPEAR believes to be reliable; however, SPEAR does not guarantee the accuracy or completeness of any information obtained from any third party. The information on this site is for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. The information on this site is general in nature and should not be considered legal or tax advice. An investor should consult a financial professional, an attorney, or tax professional regarding the investorʼs specific situation.
- Certain hyperlinks or referenced websites on this site may, for your convenience, forward you to third parties’ websites, which generally are recognized by their top level domain name. Any descriptions of, references to, or links to other products, publications or services do not constitute an endorsement, authorization, sponsorship or affiliation with SPEAR with respect to any linked site or its sponsor, unless expressly stated by SPEAR. Any such information, products or sites have not necessarily been reviewed by SPEAR and are provided or maintained by third parties over whom SPEAR exercises no control. SPEAR expressly disclaims any responsibility for the content, the accuracy of the information, and/or the quality of products or services provided by or advertised on these third-party sites. SPEAR reserves the right to terminate any hyperlink or hyperlinking program at any time.
- Spear Advisors LLC is the investment adviser to the Spear ETFs.
- Foreside Fund Services, LLC, distributor.
- No part of this material may be reproduced in any form, or referred to in any other publication, without written permission