The Robinson Alternative Yield Pre-Merger SPAC ETF (ticker: SPAX) completed its first full year. The Fund returned 0.22% for the second quarter of 2022 on a price basis and 2.49% for its first full year; it returned a negative 0.06% on a net asset value basis for the quarter and 2.30% for the year. Following is the Q2 2022 and trailing 1-Year attribution analysis for the Fund’s NAV return relative to its benchmark index (Bloomberg 1-3 Year Govt/Credit Bond Index), as well as other alternative yield strategies:

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