TrueShares Structured Outcome (February) ETF

Frequently Asked Questions About FEBZ

What does FEBZ invest in?

The TrueShares Structured Outcome (February) ETF is an actively managed fund designed to fulfill its investment mandate by allocating substantially all of its assets to options contracts tied to the S&P 500 Price Index. Its strategy involves systematically purchasing call options and concurrently selling put options. These derivatives, which are based on either the S&P 500 Index itself or an exchange-traded fund that tracks its performance, are acquired on a specific "Initial Investment Day" and are set to expire on the next designated "Roll Date." Furthermore, the fund is classified as non-diversified.

What is the expense ratio of FEBZ?

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

How big is FEBZ?

TrueShares Structured Outcome (February) ETF (FEBZ) manages $32.1M 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 FEBZ actively managed or an index fund?

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

When was FEBZ launched?

TrueShares Structured Outcome (February) ETF (FEBZ) launched in January 2021 and is managed by TrueShares.

How has FEBZ performed?

FEBZ'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.