Cowen SPAC ETF
Ticker: TBD
Exchange: TBD
Expense ratio:
Original filing date: April 6, 2021
Effective date: June 21, 2021
Listing Date: TBD
CUSIP:
Active: Yes
Index / Benchmark: Not Applicable
Investment Objective:
Seeks capital
appreciation.
Investment Strategy:
US-listed SPAC with minimum $100 million capitalization.
Fundamental and technical analysis to identify investment opportunities with favorable attributes, evaluate industry dynamics, and measure the strength of the business model and management skill. The Adviser will perform research and due diligence on the SPAC sponsors or management teams. As part of this process, the Adviser will evaluate a sponsor’s history and experience in allocating capital, securing financing, and managing public companies, and its background in the area/industry where the SPAC is searching for a Combination. The Fund may sell its position in a SPAC when the SPAC either announces a Combination or the value of the SPAC’s securities increases. The Fund expects to sell its position in a SPAC prior to the effective date of the Combination. In managing the Fund’s portfolio, the Adviser expects to engage in frequent trading, which will result in a high portfolio turnover rate.
Adviser: Cowen Prime Advisors LLC
Portfolio Manager: Jonathan Molchan
Adminstrator: U.S. Bancorp Fund Services, LLC, doing business as
U.S. Bank Global Fund Services
Fund accountant: U.S. Bancorp Fund Services, LLC, doing business as
U.S. Bank Global Fund Services
Custodian: U.S. Bank National
Association
Distributor: TBD
Legal counsel: Morgan, Lewis & Bockius LLP
External accounting: TBD
Prospectus is here.
- LinkedIn: Henry Jim
- henry@etfhearsay.com
- Twitter: @ETFhearsay
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