SPCK ETF — SPAC and New Issue ETF

SPAC and New Issue ETF (SPCK)

Updated October 16, 2026.

SPCK is an ETF. its distribution rate is 2.25%, its trailing-12-month yield is 16.62%, its expense ratio is 2.32%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 4.1% over the past 5.8 years, 119.5 points behind SPY at 123.6%.

SPAC and New Issue ETF invests at least 80% of its net assets in units and shares of Special Purpose Acquisition Companies with minimum capitalizations of $100 million and companies that completed initial public offerings within the last two years, with flexibility to hold up to 20% in cash or short-term debt securities. The fund carries a modest current distribution rate and distributes annually, with a relatively high expense ratio of 2.32%. This fund may appeal to investors seeking exposure to early-stage public companies and SPAC opportunities, though it carries the elevated risks typical of newly public securities.

SPCK performance versus SPY

Price and return data through 2026-10-16.

Total return is 4.1% over the past 5.8 years, 119.5 points behind SPY at 123.6%. Over the past year its total return — price change plus distributions reinvested — is -2.8%. Its deepest 1-year drawdown was 5.9%.

SPCK key facts

Distribution Safety Score™

50 · Unproven

Issuer

SPAC

Asset type

ETF

Asset class

Equity

Inception date

12/15/2020

Expense ratio

2.32%

Distribution rate

2.25%

Distribution frequency

Annual

Trailing yield

16.62%

Last close

$21.60 (as of 2026-10-16)

AUM

$8,158,003

Average volume

983.0

Dividend

$0.486

Ex-dividend date

12/24/2025

Payment date

12/26/2025

Beta

0.15

How Dividend Vision calculates yield and returns

Distribution rate (2.25%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (16.62%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: SPAC; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

SPCK risks and drawbacks

SPCK's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 5.9%.

Who may consider SPCK — and who may not

SPCK may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (SPCK pays annual); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

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Frequently asked questions

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