TrueShares Structured Outcome (April) ETF

Frequently Asked Questions About APRZ

What does APRZ invest in?

As an actively managed exchange-traded fund, this vehicle endeavors to reach its financial targets by channeling the vast majority of its capital into options linked to an underlying index. Its methodology entails purchasing call options and simultaneously issuing put options, with these contracts written either directly on the index or on an ETF designed to track it. These transactions are initiated on designated "Initial Investment Days" and are structured to expire by the next "Roll Date." It is classified as a non-diversified fund.

What is the expense ratio of APRZ?

TrueShares Structured Outcome (April) ETF (APRZ) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.

How big is APRZ?

TrueShares Structured Outcome (April) ETF (APRZ) manages $33.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is APRZ actively managed or an index fund?

APRZ is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (APRZ's is 0.79%) in exchange for the discretion to over- or under-weight positions.

When was APRZ launched?

TrueShares Structured Outcome (April) ETF (APRZ) launched in March 2021 and is managed by TrueShares.

How has APRZ performed?

APRZ's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.