SOGU — The Short De-SPAC ETF

SOGU Fund Overview

SOGU — The Short De-SPAC ETF is a US ETF managed by Collaborative Investment Series Trust, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: Collaborative Investment Series Trust
• Category: Money Market
• Assets under management: $24.86M
• 1-year return: 195.0%
• Ticker: SOGU
• SEC CIK: 0001719812
• SEC series ID: S000071842
• Share class ID: C000227366

SOGU Investment Objective and Strategy

The Short De-SPAC ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Collaborative Investment Series Trust.

Investment objective

I nvestment Objectives : The Fund seeks to provide investment results that are approximately the inverse of, before fees and expenses, to the price and yield performance of the Index.

Principal investment strategy

PRINCIPAL INVESTMENT STRATEGIES : The Fund is an actively managed exchange traded fund that attempts to achieve the inverse (-1x) of the return of the Index for a single day, not for any other period, by entering into swap agreements and by purchasing put options on securities in the Index. A single day is measured from the time the Fund calculates its net asset value (NAV) to the time of the Funds next NAV calculation. The Fund will enter into swap agreements with major global financial institutions for a specified period ranging from a day to more than one year whereby, the Fund and the global financial institution will agree to exchange the return (or differentials in rates of return) earned or realized on the Index. The gross return to be exchanged or swapped between the parties is calculated with respect to a notional amount, e.g., the return on or change in value of a particular dollar amount invested in a basket of securities representing the Index.

In addition to swap agreements, the Adviser may purchase put options on individual securities that comprise the Index. The Adviser may purchase put options when the cost of including individual securities in the swap agreement is too expensive. The Index is comprised of twenty-five of the largest companies, based on market capitalization, that have completed a business combination transaction with a Special Purpose Acquisition Company (SPAC). A SPAC is blank check company that has not yet merged with an operating company or even chosen a merger target. SPACs are formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Herculoid Group LLC is the index provider for the Index.

Solactive AG independently prices the Index on a continuous basis during equity market hours. The Index is rebalanced on a monthly basis. Additionally, the Fund will invest in (1) U.S. Government securities, such as bills, notes and bonds issued by the U.S. Treasury; (2) money market funds; and/or (3) corporate debt securities, such as commercial paper and other short-term unsecured promissory notes issued by businesses that are rated investment grade or of comparable quality. Because of daily rebalancing and the compounding of each days return over time, the return of the Fund for periods longer than a single day will be the result of each days returns compounded over the period, which will very likely differ from -100% of the return of the Index over the same period. The Fund will lose money if the Index performance is flat over time, and as a result of daily rebalancing, the Indexs volatility and the effects of compounding, it is even possible that the Fund will lose money over time while the Indexs performance decreases over a period longer than a single day.

SOGU Performance

Total returns for SOGU (as of 2026-10-01), from SEC filings.

SOGU Risk Information

Risk metrics for SOGU, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 55.8%

SOGU Costs and Fees

SOGU costs about $95 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.95%
• Gross expense ratio: 1.89%
• Portfolio turnover: 0%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

SOGU Cashflows

Over the 12 months to 2022-06, The Short De-SPAC ETF had net inflows of $81.85M, from monthly SEC N-PORT filings.

SOGU Debt Constituents

No individual debt constituents are reported in The Short De-SPAC ETF's latest SEC N-PORT filing.

SOGU Prospectus and SEC Filings

Official The Short De-SPAC ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2021-05-14
• Prospectus supplement (497) — filed 2022-02-01
• Portfolio holdings (N-PORT) — filed 2022-08-26
• Portfolio holdings (N-PORT) — filed 2022-05-25
• Portfolio holdings (N-PORT) — filed 2022-02-28
• Annual census, amended (N-CEN/A) — filed 2021-12-17

Related Funds

Other Money Market funds tracked on ABC INVEST:

• Emerald Growth Fund (HSPCX)
• Barings Active Short Duration Bond Fund (BXDIX)
• IVA Worldwide Fund (IVWAX)
• Stadion Tactical Growth Fund (ETFDX)
• BBH Partner Fund - Select Short Term Assets (BBSTX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.