Key stats
About Trust TrueShares Structured Outcome (April) ETF
Expense ratio
0.79%
Home page
Inception date
Mar 31, 2021
ISIN
US53656F7309
APRZ uses options in an effort to moderate losses on the S&P 500 over a one-year period starting each April. The fund foregoes some upside return as well as any dividend component because the options are written on the price (not total) return version of the index. While aiming to prevent realization of the first 8-12% of the S&P 500 losses, the fund also allows for uncapped upside participation (less the cost options), making it unique from other buffer ETFs with a stated cap on potential gains. Beyond the buffer zone, the fund will experience all subsequent losses on a one-to-one basis. Investors who buy at any other time than the annual reset day may have a very different protection and buffer zone. The issuer publishes effective interim levels daily on its website. Even if shares are held for the entire outcome period, results may differ. The targeted buffers do not include the funds expense ratio. The fund is actively managed, resets annually and will utilize both FLEX and listed options.
Classification
What's in the fund
Exposure type
Government
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