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ETFs

Trust for Professional Managers CrossingBridge Pre-Merger SPAC ETF

SPC
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 21 2021
Expense Ratio
0.80%
Type
Global Equities
Fund Owner
CrossingBridge
Volume (1m avg. daily)
$604,654
AUM
$65,322,129
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Cash & Other
6.33%
APGB
Apollo Strategic Growth Capital II - Ordinary Shares - Class A
4.60%
SCRM
Screaming Eagle Acquisition Corp - Ordinary Shares - Class A
4.56%
PFTA
Portage Fintech Acquisition Corp - Ordinary Shares - Class A
4.34%
ISRL
Israel Acquisitions Corp - Ordinary Shares - Class A
3.94%
WAVC
Waverley Capital Acquisition Corp 1 - Ordinary Shares - Class A
3.59%
NFYS
Enphys Acquisition Corp - Ordinary Shares - Class A
3.54%
GAQ
Generation Asia I Acquisition Ltd - Ordinary Shares - Class A
3.35%
EOCW
Elliott Opportunity II Corp - Ordinary Shares - Class A
3.25%
NFNT
Infinite Acquisition Corp. - Ordinary Shares - Class A
3.18%
Invest with SPC

What is SPC?

The Fund is an actively managed exchange-traded fund ( ETF ) that under normal market conditions will invest at least 80% of its net assets, plus borrowings for investment purposes, in shares of common stock and units of Special Purpose Acquisitions Companies ( SPACs ) that have yet to consummate a shareholder-approved merger or business combination. The Fund seeks to invest in publicly-traded SPACs that at the time of purchase are trading at or below the SPAC s pro rata trust account value. The Fund will invest in SPACs that have a minimum total market capitalization of $100 million at the time of purchase by the Fund. The Fund will invest primarily in U.S.-listed SPACs, and may also invest in SPACs that are domiciled or listed outside of the U.S., including SPACs listed in Canada, the Cayman Islands, Bermuda and the Virgin Islands.

ETFs related toSPC

ETFs correlated to SPC include BIL, CLTL, JAAA

SPC
Trust For Professional Managers - CrossingBridge Pre-Merger SPAC ETF
BIL
SPDR Series Trust - SPDR Bloomberg 1-3 Month T-Bill ETF
CLTL
Invesco Capital Management LLC - Invesco Treasury Collateral ETF
JAAA
Janus Capital Management LLC - Janus Henderson AAA CLO ETF
USFR
WisdomTree Trust - WisdomTree Floating Rate Treasury Fund
TUR
BlackRock Institutional Trust Company N.A. - iShares MSCI Turkey ETF
BWX
SPDR Series Trust - SPDR Bloomberg International Treasury Bond ETF
SGOV
iShares Trust - iShares 0-3 Month Treasury Bond ETF
MINT
Pimco Exchange Traded Fund - PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
THD
BlackRock Institutional Trust Company N.A. - iShares MSCI Thailand ETF
DFJ
WisdomTree Trust - WisdomTree Japan SmallCap Dividend Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toSPC

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#ROROMO

Risk On or Risk Off Momentum

Category

Momentum, Tactical Asset Allocation, Be Risk Aware

Risk Rating

Moderate

Create your own algorithmic trading strategy with SPC using Composer

FAQ

SPC is a Global Equities ETF. The Fund is an actively managed exchange-traded fund ( ETF ) that under normal market conditions will invest at least 80% of its net assets, plus borrowings for investment purposes, in shares of common stock and units of Special Purpose Acquisitions Companies ( SPACs ) that have yet to consummate a shareholder-approved merger or business combination. The Fund seeks to invest in publicly-traded SPACs that at the time of purchase are trading at or below the SPAC s pro rata trust account value. The Fund will invest in SPACs that have a minimum total market capitalization of $100 million at the time of purchase by the Fund. The Fund will invest primarily in U.S.-listed SPACs, and may also invest in SPACs that are domiciled or listed outside of the U.S., including SPACs listed in Canada, the Cayman Islands, Bermuda and the Virgin Islands.

Yes, SPC is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, SPC is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SPC is 0.0038%. This is the percent change in the value of SPC over the most recent 1-month period. The 3-month return on SPC is 0.0196%. This is the percent change in the value of SPC over the most recent 3-month period.

The standard deviation of SPC for the past year is 0.0171%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SPC include EFA, EZU, and EEM.

ETFs correlated to SPC include BIL, CLTL, and JAAA.

ETFs that are inversely correlated to SPC include PULT, BOXX, and GFEB.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.