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.
Frequently asked questions
What is the Elevation Series Trust - RiverNorth Market Neutral ETF (RNMN) expense ratio?
The Elevation Series Trust - RiverNorth Market Neutral ETF funds expense ratio is 0.89%.
What is Elevation Series Trust - RiverNorth Market Neutral ETF (RNMN) current stock price?
As of the latest data, Elevation Series Trust - RiverNorth Market Neutral ETF stock price is $26.01, with a previous close of $26.01.
Does Elevation Series Trust - RiverNorth Market Neutral ETF (RNMN) pay dividends?
Yes. Elevation Series Trust - RiverNorth Market Neutral ETF pays other dividends with an annualized yield of 11.85% and an estimated annual payout of $3.08 per share.