The Robinson Alternative Yield Pre-Merger SPAC ETF (ticker: SPAX) completed its third full quarter. The Fund returned 0.06% for the quarter on a price basis and 2.27% for its first three quarters; it returned 0.02% on a net asset value basis for the quarter and 2.35% for the three quarters. Following is the Q1 2022 and trailing 9-months attribution analysis for the Fund’s NAV return relative to its benchmark index (Bloomberg 1-3 Year Government/Credit Bond Index), as well as other alternative yield strategies:

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