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| Returns | 1D | 1M | 3M | YTD | 1Y | 3Y | 5Y | MAX |
|---|---|---|---|---|---|---|---|---|
| Total return | ▲ +1.0% | ▼ −30.5% | ▼ −27.9% | — | — | — | — | ▼ −44.5% |
| Peer average | ▼ −2.3% | ▼ −15.2% | ▼ −2.7% | ▲ +1.0% | ▼ −3.1% | ▲ +113.6% | ▲ +60.5% | — |
| S&P 500 · VOO | ▼ −0.4% | ▲ +0.9% | ▲ +3.3% | ▲ +13.8% | ▲ +13.3% | ▲ +88.8% | ▲ +81.9% | — |
Reported holdings are shown below. A share-of-fund chart is unavailable for this portfolio.
Holdings as of 2026-10-30. Derivatives are shown using their reported instrument names.
| Holding | Instrument | Weight |
|---|---|---|
| United States Treasury Bill 11/19/2026 | Reported holding | 30.67% |
| ROCKET LAB CORPORATION-SWAP-MREX-L | swap | 20.88% |
| AST SPACEMOBILE, INC.-SWAP-MREX-L | swap | 20.85% |
| PLANET LABS PBC-SWAP-MREX-L | swap | 19.89% |
| PLANET LABS PBC-SWAP-CANT-L | swap | 16.75% |
| ROCKET LAB CORPORATION-SWAP-CANT-L | swap | 16.68% |
| AST SPACEMOBILE, INC.-SWAP-NMRA-L | swap | 14.89% |
| AST SPACEMOBILE, INC.-SWAP-CANT-L | swap | 14.30% |
| PLANET LABS PBC-SWAP-NMRA-L | swap | 13.40% |
| ROCKET LAB CORPORATION-SWAP-NMRA-L | swap | 12.49% |
| SPACE EXPLORATION TECHNOLOGIES CORP.-SWAP-CANT-L | swap | 10.92% |
| SPACE EXPLORATION TECHNOLOGIES CORP.-SWAP-CLST-L | swap | 10.53% |
| SPACE EXPLORATION TECHNOLOGIES CORP.-SWAP-NMRA-L | swap | 10.02% |
| SPACE EXPLORATION TECHNOLOGIES CORP.-SWAP-MREX-L | swap | 9.60% |
| SPACE EXPLORATION TECHNOLOGIES CORP.-SWAP-NBCB-L | swap | 8.98% |
| First American Government Obligations Fund 12/01/2031 | Reported holding | 7.65% |
| Cash & Other | Reported holding | -138.50% |
SPCL is an exchange-traded fund designed to offer amplified exposure to a concentrated selection of companies within the burgeoning space economy. This includes firms focused on satellite communications, launch services, and various space-enabled technologies. Its portfolio construction employs a qualitative, thematic approach to identify a limited number of enterprises, typically ranging from 3 to 10. Selection criteria emphasize their deep involvement in space-related activities, their specific role within the industry, and their growth trajectory. While holdings are generally weighted equally, adjustments may occur to manage market volatility or liquidity concerns. Crucially, the fund does not directly invest in these underlying securities. Instead, it utilizes financial derivatives, such as swaps and options, to achieve its target of approximately 2x daily leverage. Due to this daily resetting of exposure, investors should note that returns over periods longer than a single day can diverge significantly from two times the performance of the underlying portfolio, primarily owing to compounding effects and market fluctuations. It's worth noting that prior to April 17, 2026, this fund was known by the ticker XAIL.
Distribution yield and SEC yield use different methodologies. Payouts may include income, capital gains, or return of capital.
Verified payout history is unavailable.
Estimated annual expense excludes trading costs and assumes constant assets. Fee waivers and fund costs can change.
Historical risk measures describe past behavior and do not predict future returns.
Hear the strategy from the people behind SPCL.