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SPAC and New Issue ETF
SPCX (SPAC and New Issue ETF) is an active US Equity ETF by SPAC. With a 2.32% MER, it provides diversified exposure through 10 holdings. Annual distribution with a 16.50% yield.
SPCX is actively managed by SPAC's investment team, which selects holdings with the goal of outperforming a benchmark index.
Its 2.32% MER reflects the costs of a more specialized management approach. It pays a annual distribution with a 16.50% yield, making it attractive for income-seeking investors.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).