TrueShares Structured Outcome (August) ETF

Frequently Asked Questions About AUGZ

What does AUGZ invest in?

This actively managed exchange-traded fund endeavors to meet its investment objective by substantially committing its capital to derivative contracts referencing the S&P 500 Price Index. Its strategy involves purchasing call options and concurrently selling put options, which are written on the S&P 500 Price Index or an associated tracking ETF. These positions are established on each 'Initial Investment Day' and are slated to expire on the subsequent 'Roll Date'. Notably, the fund operates as a non-diversified entity.

What is the expense ratio of AUGZ?

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

How big is AUGZ?

TrueShares Structured Outcome (August) ETF (AUGZ) manages $43.3M 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 AUGZ actively managed or an index fund?

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

When was AUGZ launched?

TrueShares Structured Outcome (August) ETF (AUGZ) launched in July 2020 and is managed by TrueShares.

How has AUGZ performed?

AUGZ'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.