Summary
Horizon Kinetics SPAC Active ETF is an ETF - a fund traded on an exchange like a stock - run by Horizon Kinetics. Positions inside: 64. The ten largest make up 43% of the fund.
- Yearly costs
- 0.85%
- Fund size
- $9.98M
- Positions
- 64
- Dividend yield
- 16.36%
- Running since
- 2023
What speaks for it
Nothing stands out in its favour.
What to watch
- 100% of the fund is in one sector (Financials).
- 90% of the fund is in one country (United States).
- Costs of 0.85% a year are above the middle of comparable funds (0.44%).
- A small fund with $9.98M under management; small funds get closed more often.
- It trades little: only about $20.3K changes hands a day.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -0.8%
- 3 months
- -1.6%
- This year
- +2.0%
- 1 year
- -12%
- 3 years
- -6.6%
- Avg. market cap
- $262.6M
- P/E
- -
- Forward P/E
- -
- P/S
- -
- P/B
- -
- P/FCF
- -
- EV/EBITDA
- -
- Dividend yield
- -
- ROIC
- -
- ROE
- -
- Gross margin
- -
- Operating margin
- -
- Net margin
- -
- Payout ratio
- -
- Net debt/EBITDA
- -
- Beta
- 0.04
Weighted average of the 50 largest companies, which make up 96% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Moderately concentrated- 1 OAOaktree Acquisition Corp. II OACC 5.3%
- 2 NHNewHold Investment Corp IV Class A Ordinary Shares NHIV 4.6%
- 3 VIViking Acquisition Corp. II VII 4.3%
- 4 EVEvolution Global Acquisition Corp Class A Ordinary Shares EVOX 4.2%
- 5 OTOTG Acquisition Corp. I Class A Ordinary Share OTGA 4.1%
- 6 WLWillow Lane Acquisition Corp. II Class A Ordinary Shares WLII 4.1%
- 7 CECantor Equity Partners V, Inc. Class A Ordinary Shares CEPV 4.1%
- 8 MTMetals Acquisition Corp. II MTAL 4.1%
- 9 SASpace Asset Acquisition Corp. Class A Ordinary Shares SAAQ 4.0%
- 10 DYDynamix Corporation DYNC 4.0%
Positions in the fund: 64. The ten largest make up 43% of it.
Composition as of Oct 18, 2026.
Where is it spread?
One sector dominatesBy sector
- Financials 100%
By country
- United States 90%
- Cayman Islands 4.2%
- United Kingdom 2.1%
- Other countries 4.1%
By company size
- Small cap 38%
- Micro cap 62%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest sector: Financials (100%). Largest country: United States (90%). Largest size group: Micro cap (62%).
What does it cost me?
Expensive- A year from $10,000
- $85.00
- Over 20 years
- $3,981
From every $10,000 invested the fund takes $85.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $3,981.
How has it done?
Losing value- A year on average, 3 years
- -2.2%
- Deepest drop
- -17%
- Yearly volatility
- 17%
Average yearly decline over the last three years: 2.2%. Deepest drop in these years: 17% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 16.36%
- Payments a year
- 1
- Last payment
- $15.13
Over the last 12 months it paid $15.13 per share, which is 16.36% of today's price. The last payment was $15.13 on Dec 23, 2025.
Is it easy to buy and sell?
It trades little- Traded a day
- $20.3K
- Shares a day
- 219
On an average day about $20.3K of the fund changes hands.
How expensive are the companies inside?
Counted from its largest companies (50), which make up 96% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.