SPCZ RiverNorth Enhanced Pre-Merger SPAC ETF
Quote as of Jul 08, 2026 13:46 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 26.06 | Day Range | 25.87 – 26.06 |
| 52-Week Range | 24.83 – 29.01 | Volume | 7 |
| Avg Volume | 1.90K | AUM | $6.9M (Oct 12, 2026) |
| Expense Ratio | 0.59% | Yield (TTM) | 11.82% |
| NAV | 26.01 | Premium/Discount | +0.19% indicative |
| Inception | Jul 11, 2022 | Holdings | 219 |
| Issuer | TrueShares | Exchange | CBOE |
| Category | Financials | Index Tracked | Not stated in source data |
| CUSIP | 210322699 | ISIN | US2103226997 |
| Management | Not stated in source data | ||
About this ETF
Under normal market conditions, the fund seeks to invest primarily in units made up of common stock, warrants and rights of U.S.-listed special purpose acquisition companies (“SPACs”). In seeking to achieve the fund’s investment objective, the sub-adviser will monitor the fund’s portfolio and adjust positions based on changes in expectations of the investments or the availability of better alternatives. At least 80% of the fund’s net assets, plus borrowings for investment purposes, will be invested in Pre-Merger SPACs. The fund is non-diversified.
Description from the fund data provider · profile as of Oct 12, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | -0.27% | +1.95% | +2.07% | +2.35% | -6.07% | -0.52% | — | — | +1.07% |
| Total return | -0.27% | +1.95% | +2.07% | +2.35% | +5.23% | +6.47% | — | — | +6.38% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Jul 17, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.59% | Annual cost of a $10,000 investment | $59.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Oct 01, 2026 · portfolio reporting date from the data provider; holdings are not live positions. 219 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | STATE STREET INST U.S. GOVERNMENT MMKT ADMN… | — | 2.77% | 190.70K | $190.7K |
| 2 | Graf Global Corp | GRAF | 2.64% | 16.68K | $182.0K |
| 3 | Solarius Capital Acquisition Corp | SOCA | 2.12% | 14.07K | $146.2K |
| 4 | Bitcoin Infrastructure Acquisition | BIXI | 2.03% | 13.87K | $140.0K |
| 5 | Activate Energy Acquisition Corp | AEAQ | 2.03% | 13.87K | $140.0K |
| 6 | SC II Acquisition Corp | SCII | 2.02% | 13.66K | $139.1K |
| 7 | Lafayette Digital Acquisition | ZKP | 2.02% | 13.87K | $139.1K |
| 8 | Legato Merger Corp IV | LEGO | 2.01% | 13.87K | $138.7K |
| 9 | United Acquisition Corp | UAC | 2.01% | 13.87K | $138.7K |
| 10 | SUMA Acquisition Corp | SUMA | 2.00% | 13.87K | $138.0K |
| 11 | EQV Ventures Acquisition Corp | EVAC | 2.00% | 13.34K | $137.6K |
| 12 | Hall Chadwick Acquisition Corp | HCAC | 1.94% | 13.19K | $133.5K |
| 13 | Invest Green Acquisition Corp | IGAC | 1.94% | 13.19K | $133.4K |
| 14 | Futurewave Acquisition Corp | FWAC | 1.81% | 12.53K | $124.6K |
| 15 | Mountain Lake Acquisition Corp | MLAA | 1.55% | 10.63K | $106.5K |
| 16 | GigCapital9 Corp | GIX | 1.54% | 10.63K | $106.4K |
| 17 | Bluerock Acquisition Corp II | BRRKU | 1.45% | 10.00K | $99.9K |
| 18 | Oceanlight Acquisition Corp | OCLTU | 1.41% | 9.64K | $97.1K |
| 19 | Haymaker Acquisition Corp V | — | 1.40% | 9.64K | $96.7K |
| 20 | Vernal Capital Acquisition Corp | VECA | 1.40% | 9.64K | $96.6K |
| 21 | Aperture AC | APUR | 1.40% | 9.64K | $96.6K |
| 22 | Live Oak Acquisition Corp VI | LOVIU | 1.40% | 9.64K | $96.5K |
| 23 | West Enclave Merger Corp | WENC | 1.40% | 9.64K | $96.4K |
| 24 | Maywood Acquisition Corp 2 | MYX | 1.40% | 9.64K | $96.3K |
| 25 | Blue Water Acquisition Corp IV | BWIV | 1.39% | 9.64K | $96.1K |
Click a ticker to see every ETF that owns it.
Sector Exposure
Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 11.82% | Paid (last 12 months) | $3.0810 |
| Frequency | Annual | SEC yield | Not provided by our data source; see the issuer page |
| Last ex-date | Dec 24, 2025 | Last payment | $3.0810 (Dec 26, 2025) |
| Growth 1Y | +179.84% | Growth 3Y / 5Y (ann.) | — / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Dec 24, 2025 | Dec 24, 2025 | Dec 26, 2025 | $3.0810 |
| Dec 27, 2024 | Dec 27, 2024 | Dec 30, 2024 | $1.1010 |
| Dec 27, 2023 | Dec 28, 2023 | Dec 29, 2023 | $1.2878 |
| Dec 29, 2022 | Dec 30, 2022 | Jan 03, 2023 | $0.0557 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | — / 7.30% | Sharpe 1Y / 3Y | — / 0.382 |
| Max drawdown 1Y / 3Y | — / -4.43% | Sortino 1Y | — |
| Beta vs S&P 500 (3Y) | -0.001 | Correlation vs S&P 500 (1Y) | — |
| Downside deviation 1Y | — | Risk-free rate used | 4.05% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Oct 12, 2026. Formulas →
Liquidity
| Volume today | 7 | Average volume | 1.90K |
| AUM | $6.9M | Premium/Discount | +0.19% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV: an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | $3.2K | +0.04% | $7.2M → $7.2M |
| 1 Week | $4.6K | +0.06% | $7.2M → $7.2M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source; review them before investing.
Latest News for SPCZ
No articles mention this fund directly in the last 7 days; showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.